April 28, 2012
Dear members of the Securities and Exchange Commission:
I am writing to urge the SEC 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.
The wealthy already contribute a disproportionate amount of money and influence to the political proces - and the gap is getting wider (see news articles on Lehman Bros. preparing to give 50 executives $700 million just a year before their collapse). Why should people with these values be given more opportunity to control the process without the average citizen even having a chance to know about it? Or are these the real American values now?
Thank you for considering my comment.
Robert C. Donovan
Sincerely,
Robert C. Donovan