Tuesday, April 06, 2010

Require corporations to get shareholder approval before spending money to support political positions

Take Action for the Shareholder Protection Act
Because of the Supreme Court's ruling in Citizens United v. FEC, CEOs can now spend unlimited amounts of other people’s money in politics – money from shareholders, most of probably don't fall in line with the corporate agenda these CEOs support.

Don’t let your nest egg become a political weapon for the corporate agenda. The Shareholder Protection Act (H.R. 4790) proposed by Rep. Michael Capuano (D-Mass.) would empower shareholders to vote on whether or not to allow corporate executives to spend corporate money on political campaigns.

Public Citizen set up a page where you tell your representative in Congress to support this act. Check it out at http://www.citizen.org/shareholder-protection-action.

No comments: