From: Kim Grossman
I often hear about senior corporate manages taking one position or another because they're interest in protecting the interests of their shareholders. As I watch how real life unfolds, I see that these managers are generally full of lies and deception as they proceed with policies that enrich themselves at the expense of everyone else, including their shareholders. Much of the times, these managers won't even embrace the recommendations of their own internal risk assessment staff. They're able to be successful with these deceptions because they can work in the dark funding politicians who will create legislation that will allow them to basically steal from their employees and their shareholders.
Investors deserve to know the ways corporations are buying elections, polluting our environment, affecting our economy, and more. And while corporations have little to no accountability to even their shareholders, disclosure is one solution that requires companies to consider the consequences - and the interests of their shareholders -- before making decisions that affect their shareholders and regular Americans.
It's time for corporations to be honest with their investors and the American people.
Public corporations should at a minimum be required to:
1. Disclose their political spending.
We need to end the secrecy and give investors the information they deserve.