Disclosure Debate Heats Up

Tom Donohue, CEO of the Chamber of Commerce, can’t say enough for corporate political speech. He just doesn’t want you to know who is saying what. Moreover, he don’t think shareholders and consumers have the right to know what they’re supporting.

 

Today’s Washington Post highlights recent shareholder action to demand political disclosure from companies. As to be expected the US Chamber continues to push for anonymity over transparency. 

 

The article also highlights companies that are in hot water for their support of the American Legislative Exchange Council (ALEC), another veil organization for corporate political activism. Coca-Cola, McDonald’s, Intuit, are feeling it for supporting ALEC despite the group’s ferocious advocacy for the “stand your ground” gun laws which made headlines after Trayvon Martin was killed in Florida. Wal-Mart is of course still under-fire for violating the Foreign Corrupt Practices Act in Mexico, while giving ALEC money to weaken that very law. 

Just In

Whose opportunity does U.S. Chamber of Commerce President Tom Donohue talk about when he talks about opportunity?

The Chamber’s policies might give the largest corporations the opportunity to grow, but that is often not the same thing as growth and opportunity for the American people. After-tax corporate profits in the third quarter topped 11 percent of GDP for the first time since the records started in 1947. But everyday Americans aren’t doing so well, with real median household income declining 4.4 percent since 2009.

When the Chamber opposes increasing minimum wages to coincide with growth in productivity and the economy overall, one must ask whose growth and opportunity the Chamber is pushing for.