“Companies Suspend Political Funding” (U.S. Information, Jan. 11) provides lots of of us to say: “About time!”
It has lengthy been my problem by what authority publicly held company boards have the authority to dispense corporate earnings willy-nilly to PACs and politicians. Supplied the truth that not all of us vote for the very same candidates, we see what could be better shareholder dividends getting doled out for politics. And, we are not supplied enter to dictate on whom this income is expended.
Occasionally, a proxy voting possibility seems requiring disclosure of corporate political resources. Having said that, one particular in no way sees the outcomes of this proposal nor the listing and sum given the recipients of this proposal. This “crossing of palms with silver” for variety treatment from those people elected could produce favorable final results, but is this largess definitely reputable or ethical?
Wherever is the SEC oversight on this unhindered investing of the shareholders’ income?
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Appeared in the January 21, 2021, print version.