Action alert from Public Citizen: Shareholder Protection Act

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Newly empowered by the Supreme Court's disastrous ruling in Citizens United v. Federal Election Commission, corporate executives are ready to spend unprecedented millions to influence upcoming elections. Curb the corporate agenda of activist CEOs! 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 part of the problem. Don't let families' nest eggs become political weapons for the corporate agenda. If a majority of shareholders tell a corporation to stay out of politics, then the corporation should do exactly that. Corporations aren't people, but shareholders are. The Shareholder Protection Act (H.R. 4790) proposed by Rep. Michael Capuano (D-Mass.) would empower shareholders to vote on whether or not to allow executives to spend corporate money on political campaigns. Take action for the Shareholder Protection Act today! Any household with a 401(k) invested in stocks or mutual funds - nearly one out of every two today - has a stake in how the corporate money in those funds is spent. The 2010 elections are right around the corner, and CEOs are eager to use investors' money to promote the corporate agenda. Now is the time to stand up to corporate power! Tell your representative to support the Shareholder Protection Act. Thank you for all you do. Rick, Angela and Glenn Your advocates at Public Citizen action@citizen.org