Washington Post: Study: Major companies are increasingly disclosing their political spending (In the News)

September 25, 2014   •  By Scott Blackburn
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By Tom Hamburger
The Center for Competitive Politics criticized the newly released index as a “flawed and partisan measure of corporate accountability.”
“Corporations have an obligation to do what is in the best interest of their shareholders, not comply with the demands of a non-profit that opposes speech by the business community,” said CCP Chairman Brad Smith, former Federal Election Commission Chairman.
Smith also said it was “important to recognize the implications of activist investing and dragging the SEC into politics. CPA has no obligation to worry about the actual interests of shareholders, and nothing suggests that they have the best interest of the business community at heart.”
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Scott Blackburn

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