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CORPORATIONS AREN'T PEOPLE?

Lucas,

Corporations aren't people, but shareholders are.

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 among those that secretly distort our elections by funneling money — your money — toward tilting our elections to favor corporate-friendly candidates.

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.

The shareholders, not the CEO and not the board of directors, are the REAL owners of any publicly traded corporation.

The Shareholder Protection Act — which was re-introduced yesterday in Congress — is a modest corporate accountability measure that would empower shareholders to decide if executives can spend the corporation's money on political campaigns.

Corporate propaganda outfits claim that such measures undermine "corporate speech" rights.

But the ironic truth is that the language of the U.S. Supreme Court's ruling in Citizens United v. Federal Election Commission actually emphasizes the power of shareholders to hold corporations accountable.

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.

Make sure you have to power to make sure your retirement savings aren't being used to elect politicians that let Big Business do whatever it wants.

Write to your senators and representative. Tell them to cosponsor the Shareholder Protection Act TODAY.

thumbnail photo of Rick Claypool

Thanks for all you do,

Rick Claypool
Public Citizen's Online Action Team
action@citizen.org

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