From: Tim Bardell
Iím writing as a member of the public and a retail investor in response to the SECís request for comments on S7-06-16.
My retirement budget is based on my 401K savings, which are at risk when corporations take actions that weaken our long-term economic performance.
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 Ė and the interests of their shareholders -- before making decisions that affect their shareholders and regular Americans.
Shame is a powerful emotion, even for wealthy executives.
Itís 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.