From: Alvin Goldman
I wright as a member of the public and a retail investor in response to the SEC's request for comments on S7-06-16.
Business corporations are chartered to pool capital for the purpose of generating profits from business activities. They are not chartered to buy political elections or to enhance profits by destroying our common property in water, air or earth. Investors deserve to know the ways corporations are buying elections, polluting our environment, and distorting our market economy. Mandatory disclosure of such non business conduct is one way to force corporate leaders to consider the consequences — and the interests of their shareholders — before making decisions that affect the world and political environment in which we live.
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.