Comptroller Pushing Large Companies To Disclose Political Contributions
February 20, 2008
Acting on behalf of New York City pension funds, the city comptroller, William Thompson Jr., is demanding that 10 of America’s largest companies, including Halliburton, Charles Schwab, and Wal-Mart, disclose to shareholders their political contributions. Yesterday, Mr. Thompson sent resolutions to 10 companies seeking data on their political contributions. The city’s pension funds hold about $105 billion in assets and own shares in all 10 of the companies. In addition to Halliburton, Mr. Thompson has targeted four other companies in the energy sector — Duke Energy Corp, DTE Energy Co., Devon Energy Corp, and Entergy Corp. His list also includes United Technologies Corp., which produces industrial and military products; Computer Sciences Corp., a technology services provider, and Union Pacific Corp., which is one of America’s leading transportation companies.”Shareholders need full and complete disclosure of companies’ political expenditures to fully evaluate the political uses of the corporate assets,” Mr. Thompson said in a statement.
Source: NY Sun
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