“President Obama May Require Federal Contractors to List Campaign Gifts”


President Obama is seriously considering an executive order that would require companies doing business with the federal government to disclose their political contributions, White House officials said on Tuesday, a step long awaited by activists to reduce the influence of secretive corporate donations in elections.

The directive, known as the “dark money” executive order, would mandate that government contractors publicly report their contributions to groups that spend money to influence campaigns. Advocates inside and outside the White House believe the executive order would prompt some companies to spend less, by exposing their donations to public scrutiny.
That last sentence is very telling. As I argue in Plutocrats United, I believe many of those who push for greater shareholder transparency are less interested in protecting shareholders than in deterring corporate spending.


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