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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.