Mar 6, 2012
The Securities and Exchange Commission
Dear Securities and Exchange Commission,
I am amazed and discouraged to learn that the majority of the millions of dollars used in flooding the airwaves with political cajoling is untraceable. A corporation could be sinking millions of dollars into a political campaign and the actual owners of the company, the shareholders, would have no idea. This, of course, is via the unbelievable opinion of the Supreme Court that corporations are "individuals" -- they could have made this abberant opinion more sensible if they had required the 'organism' (aka shareholders) of this 'indivdual' had to vote on the usage of monies assigned to political activities.
I fully concur with the attitude of many that at a minimum both the shareholders and the public must be fully informed as to how much a publically-traded corporation spends on politics and which candidates are being promoted or attacked Believing in this position I mightily urge the Securities and Exchange Commission to issue a rule requiring publicly-traded corporations to disclose all their political spending.