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.
Tuesday, April 06, 2010
Require corporations to get shareholder approval before spending money to support political positions
Take Action for the Shareholder Protection Act