Curb the Corporate Agenda of Activist CEOs

A cigar-smoking CEO with a huge dollar sign in his back pocket.The U.S. Supreme Court ruled that corporations are entitled to spend unlimited funds in our elections, rolling back a century of modest limits.

One of the many problems unleashed by the court’s decision is that CEOs can now spend unlimited amounts of other people’s money in politics – money from shareholders, most of whom might not fall in line with the corporate agenda these CEOs support.

Corporations aren’t people, but shareholders are. The Shareholder Protection Act (H.R. 4790) proposed by Rep. Michael Capuano (D-Mass.) would empower shareholders to vote on whether or not to allow corporate executives to spend corporate money on political campaigns.

Don’t let your nest egg become a political weapon for the corporate agenda. If a majority of shareholders tell a corporation to stay out of politics, then the corporation should do exactly that.

Anyone with a 401(k) invested in stocks or mutual funds – nearly one out of every two households today – has a stake in how the corporate money in those funds is spent. Passage of the Shareholder Protection Act would help the public hold corporations accountable for their political behavior.

Use the form below to tell your member of Congress to co-sponsor Capuano’s Shareholder Protection Act today.

Please type your zip code into the box below. Then take a moment to add your own words to the email message that appears. This greatly increases the likelihood that your message will make a difference. You can also ask your representative and senators to support the Shareholder Protection Act by phone by calling the U.S. Capitol Switchboard at (202) 224-3121. Let us know how it goes with an email to action (at) citizen (dot) org!

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