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View Diary: How Citizens United is saving progressive politics (93 comments)

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  •  oz - as someone who has spent time (0+ / 0-)

    inside a Fortune 500 company, although it was a long time ago, I agree with many observers of big corporations that there are no secrets. Therefore, if many big corporations were actively supporting c 4s I think there would be some information that would leak out to the public.

    "let's talk about that"

    by VClib on Wed May 22, 2013 at 05:36:35 PM PDT

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    •  Additional reading (0+ / 0-)

      http://www.dailykos.com/...

      seriously, we're supposed to don't worry, be happy and "...agree with many observers of big corporations that there are no secrets." ???

      What do you call these Wall St firms? Non-profits?

      Sheesh.

      The "extreme wing" of the Democratic Party is the wing that is hell-bent on protecting the banks and credit card companies. ~ Kos

      by ozsea1 on Wed May 22, 2013 at 10:17:53 PM PDT

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    •  There are plenty of secrets (0+ / 0-)

      in the C-suite. Not so much among junior employees.

      •  cville townie - I was a corporate level officer (0+ / 0-)

        at the home office, but it was a different era. There is no doubt that private corporations made contributions to c4s and senior executives of public companies made huge contributions to c4s and also made independent expenditures. Also, some public corporations disclosed, even though they didn't have to, that they made contributions to c4s. I just don't think there was wide spread secret contributions of corporate cash, not employee PACs, from public companies. In part because in the post Sar-Box world lots of people know whenever a big public company spends money. There are no longer slush funds where the CEO can keep large expenses undisclosed to accountants and auditors.

        None of us has any data, so its just speculation on my part.

        "let's talk about that"

        by VClib on Thu May 23, 2013 at 11:47:20 AM PDT

        [ Parent ]

        •  OK, but (1+ / 0-)
          Recommended by:
          VClib

          to be clear, and consistent with what you are saying, that still leaves all the privately held companies like Cargill and Koch.

          And with CEO pay as high as it is in this country, the amount of private donations and/or independent expenditures from C-suite officers of public companies shouldn't be underestimated.

          Furthermore, a lot of the wealthy types who are large non-institutional investors are throwing some serious cash behind politics they hope will boost their investments.

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