Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Citizens United: Shareholders Strike Back-Forget Congress-Investors Fighting Against Corp Dark $$$

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
 
kpete Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-01-11 09:48 AM
Original message
Citizens United: Shareholders Strike Back-Forget Congress-Investors Fighting Against Corp Dark $$$
Citizens United: The Shareholders Strike Back
Flickr/Beverly & Pack
Forget Congress. It's investors who are fighting back against corporate dark money.

...............

On Thursday, the shareholders of Home Depot, the country's largest home-improvement store, will have their own chance to chip away at Citizens United when they vote on a strongly worded resolution urging the company to disclose all political campaign spending—past and projected, to candidates and third-party outfits—to elect or defeat candidates running for office. The resolution would give shareholders the chance to vote for or against Home Depot's campaign contributions and make the firm's top brass study whether the company's political spending would damage Home Depot's value and image. "The shareholders are the owners of the company," says Julie Goodridge, CEO of NorthStar Asset Management of Boston, a socially active investment firm that introduced the measure. "They need to be voting on these kinds of contributions." (A Home Depot spokesman referred Mother Jones to the company's response to NorthStar's resolution, which the company opposes, saying it already provides ample disclosure of its political spending and doesn't believe the resolution "would provide shareholders with any more meaningful information.")

the rest:
http://motherjones.com/politics/2011/05/citizens-united-home-depot-elections
Printer Friendly | Permalink |  | Top

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC