January 18, 2012
I am terrified about the use of corporate money in our electoral process.
Now with the Citizens United v. Federal Election Commission ruling, the publicly traded corporations can spend investor's money on political activity in secret. This is also money that may be needed for employee retirement contributions.
The SEC should protect us shareholders from secret use of corporate money to influence elections. This money has nothing to do with corporate governance and we have a right to full disclosure of such spending. Please rule that publicly traded corporations must publicly disclose all their political spending.
We and the public must be td exactly how much the corporation spends on politics.
We also should know immediately which candidates are being attacked.
Thank you for considering my comment.
Corpus Christi, TX