April 30, 2012
Dear members of the Securities and Exchange Commission:
I have already divested of considerable inherited stock in companies whose actions and political spending I cannot condone, in favor of those that make clear that they support causes I find worthwhile.
Before I purchase the goods produced by, services sold by, or stock in a company, I have a right to know where my money is going to be spent. Of course, I will withhold my expenditure if I couldn't support the same beneficence directly.
It is simply dishonesty to hide such information in order to spend my money where I wouldn't spend it. My easiest action, then, is not to support ANY publicly traded company that does not publicly divulge its spending policies.
I can still support American enterprises in this manner, although it is a pity to be robbed of useful information that could spread my spending to a wider circle.
Ruth Anne Moorhead