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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Mr. Whist who wrote (227511)2/15/2002 5:30:17 PM
From: TimF  Read Replies (1) | Respond to of 769670
 
No difference between a Big Business political contribution and a labor organization contribution. None. As a shareholder of Corporation X, am I asked whether the company has my OK to send $10,000 to the Republican National Committee? Of course not.

You can sell your shares (and even short the company's stock or buy puts) if you don't like what they do with their money. You can also decide to avoid buying their products. You also are not required as a shareholder to contribute any money to a political campaign, the only money you contributed was to buy shares from someone else. Unless you bought them at the IPO or a secondary offering you didn't give the money to the company.

Unions on the other hand require that you contribute money in order to get and keep your job. To some extent they do this illegally but get away with it. Big difference.

Tim