Boardroom Politics: Shareholders Suing to Learn Truth About Corporate Donations
Filed under: Elections, Scandals and Lawsuits, Investing
The Supreme Court’s “Citizens United” decision in 2010 frustrated many who sought more transparency regarding political donations. It was a sharply divided 5-to-4 ruling, but in the end it gave corporations First Amendment rights allowing them to anonymously donate unlimited funds to political action committees.
The result was record spending for the 2012 elections paid for by prolific donors — companies and wealthy individuals — whose identities were not made public. For investors, there…
Boardroom Politics: Shareholders Suing to Learn Truth About Corporate Donations originally appeared on DailyFinance.com on 2013-01-10T10:32:00Z.
Permalink | Email this | Comments
http://dailyfinance.com/2013/01/10/political-donations-corporate-shareholders-sue/