Roughly 40 executives from companies including Playboy Enterprises, ice cream maker Ben & Jerry's, the Seagram's liquor company, toymaker Hasbro, Delta Airlines and Men's Wearhouse sent a letter to congressional leaders Friday urging them to approve public financing for House and Senate campaigns. They say they are tired of getting fundraising calls from lawmakers.
-- and fear it will only get worse after Thursday's Supreme Court ruling.
The court ruled that corporations and unions can spend unlimited money on ads urging people to vote for or against candidates. The decision was sought by interest groups including one that represents American businesses, the U.S. Chamber of Commerce. They argued that restrictions on ads they could finance close to elections violated their free-speech rights, and the court agreed. (Read original article here.)
Why not get corporations, that complain about this, back off completely from influencing public policies?
- In the USA, on January 21, 2010, one day after the Supreme Court decision of Citizens United, 40 CEOs and ex-chairs of major U.S. corporations expressed their deepest concerns about this devastating decision for the future of U.S. democracy. They wrote to the U.S. Congress and the Senate, expressing their strong disapproval of the decision (See their letter to Congress HERE and their letter to the Senate HERE. You can download their letter to Congress HERE and their letter to the Senate HERE).
- Howard Schultz, the chairman and CEO of the coffee giant Starbucks, has recently become a political activist, announcing that because he was disgusted with the dysfunction in Washington, DC, he would cease making campaign contributions to incumbents in either party.
- Led by Howard Schultz, more than 100 CEOs have signed a pledge to halt all political campaign contributions until lawmakers, as Schultz puts it, “stop the partisan gridlock in Washington, DC.”