March 28, 2014
SEC
I am deeply concerned about the influence of corporate money on our electoral process.
In particular, I am appalled that, because of the Supreme Court's ruling in Citizens United v. Federal Election Commission, publicly traded corporations can spend investors' money in secret.
I am writing to urge the Securities and Exchange Commission to issue a rule requiring publicly traded corporations to publicly disclose all their political spending.
Both shareholders and the public must be fully informed as to how much the corporation spends on politics and which candidates are being promoted or attacked. Disclosures should be posted promptly on the SEC's web site.
'My' company (that I retired from) established a SLUSH fund - funded by passing the hat around to mid and upper level mgmt and percentages of excess profits ... - I asked the question - what is it for? - response was .. this is a WAR CHEST to spend monies changing laws to favor the corporation to enable greater profits... my question again..
was... who are they going to war against? ... the American people ..
the very people who had purchased their products .. and against the working individuals that formed the basis of 'selling', 'collecting'
and 'managing' the corporate structure to make more money ... no further response was given .. and I retired ...
Thank you for considering my comment.
Sincerely,
Alden Guillory