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View Diary: Opening a Second Front against Citizens United (8 comments)

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  •  Escrow (2+ / 0-)
    Recommended by:
    martini, George3

    I'm afraid that adding the element of taxation would be an even bigger red flag than simply applying one-person-one-vote to corporate decisions  I know that a state legislator in Maryland who told me that he is introducing a bill to require shareholder approval of political expenditures, but that would be approval by  the majority of shares.

    •  keestone - it's hard to think of a rationale (1+ / 0-)
      Recommended by:

      under corporate governance rules where shareholders should even have a vote on non-material campaign activities of a corporation. If you look at the few items that require shareholder approval, beyond routine board elections, they are items that have a very high direct impact on the corporation, like selling the business or a major asset or events that dilute the existing shareholders by more than 20%. Now, in addition to having a vote you want to make it one shareholder, one vote, rather than one share, one vote? It's hard to fathom the fairness of that.

      "let's talk about that"

      by VClib on Sat Nov 24, 2012 at 10:26:59 PM PST

      [ Parent ]

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