An article from Public Citizen
Newly emboldened by the U.S. Supreme Court’s disastrous ruling in Citizens United v. Federal Election Commission, corporate CEOs will be spending unprecedented millions to influence elections in 2012.
If you or someone you know has a 401(k), a similar retirement account or other investments, the corporations funded by these investments could be part of the problem.
Don’t let your family’s nest egg be used to promote the corporate agenda.
Tell your members of Congress to support the Shareholder Protection Act.
Corporations aren’t people, but shareholders are. Shareholders — not the CEO and not the board of directors — are the REAL owners of any publicly traded corporation.
The Shareholder Protection Act is a modest corporate accountability measure that would let shareholders decide if executives can spend the corporation’s money on political campaigns.
Any household with a 401(k) invested in stocks or mutual funds — nearly half of all households today — has a stake in how the corporate money in those funds is spent.
The 2012 presidential election is right around the corner, and CEOs are eager to use investor money to help elect corporate lackeys across the country. Now is the time to stand up to corporate power!