March 29, 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.
As a Chevron stockholder, I always vote for political transparency.
But, as the majority of shares are owned (directly and as options) by the "powers that be," it is a bit difficult for that to happen. And all institutional investors usually follow the board of
directors recommendations. So, the small investor doesn't have a
voice. Sounds like the "democracy" the 2%'ers want us
living in!!!!! Veterans Against Republican Bigotry, Oppression &
Voter Suppression!!!! We're watching!!!!!
Thank you for considering my comment.
Sincerely,
Ken Grzesiak