September 7, 2012
Dear members of the Securities and Exchange Commission:
I urge the SEC to issue a rule requiring publicly traded corporations to publicly disclose all their political spending.
If it is regarded as proper that unions should get approval from their members before political expenditures are made on their behalf, shouldn't stockholders have the same rights with respect to corporate management?
And if they are not to have prior rights of approval, are they not at a minimum entitled to know what management is doing with their political contributions?
And doesn't the public also have a right to know how corporate managements are weighing in on the political process?
Thank you for considering my comment.
Sincerely,
Siegfried Othmer