The battle against the effects of the Supreme Court's game-changing Citizens United decision, the ruling that ripped down the wall between corporations and American elections, is gathering steam among an unlikely group: investors. With Congress
unable to pass new legislation
and the Obama administration so far
unwilling to fix the dysfunctional Federal Election Commission
, it's corporate shareholders who are
increasingly on the front lines
of the effort to foist accountability on the new Wild West of political spending.
On Thursday, the shareholders of Home Depot, the country's largest home-improvement store, will have their own chance to chip away at Citizens United when they vote on a
strongly worded resolution
urging the company to disclose all political campaign spending—past and projected, to candidates and third-party outfits—to elect or defeat candidates running for office. The resolution would give shareholders the chance to vote for or against Home Depot's campaign contributions and make the firm's top brass study whether the company's political spending would damage Home Depot's value and image.
"Now, more than ever, the illusions of division threaten our very existence. We all know the truth: more connects us than separates us. But in times of crisis the wise build bridges, while the foolish build barriers. We must find a way to look after one another as if we were one single tribe.” -King T'Challa, Black Panther
The truth is incontrovertible. Malice may attack it. ignorance may deride it, but in the end, there it is. ~Winston Churchill
Which, ironically, is the way it is suppose to work in a system of self government. Imagine that, the people who own the stock, not the federal government, is the entity in charge of holding the company they own shares of accountable for how their invested money is used by the company. Wow, you never would have thought them possible of such action if you're a consolidationist, would you. How in the world will the country survive if this keeps happening?
