April 30, 2012
Dear members of the Securities and Exchange Commission:
I am writing to urge the SEC to issue a rule requiring publicly traded corporations to publicly disclose all their political spending.
Both shareholders and the public must be fully informed as to how much the corporation spends on politics and which candidates are being promoted or attacked. Disclosures should be posted promptly on the SEC's web site. I also say that these disclosures are to be posted on the company's website and in its prospectae.
Since corporations have insisted and won the "right" to be counted as "persons" they have to be held to the same standards that I as a citizen am held. If they are doing nothing "wrong" they should be more than willing to disclose these positions and expenditures. I want to know where my investment money is going - I don't intend to blindly accept whatever a company decides.
Thank you for considering my comment.