‘Dark Money’ – A Shaggy Dog Story

No! Not the Dark Money! “Dark money” sounds menacing and foreboding – a financial nomenclature suggestive of gothic masterpieces like “The Raven” and “The Black Cat.” Whereas Poe’s tales actually contain sinister elements, the phrase dark money is employed by activist shareholders much like the villains of countless “Scooby Doo” cartoons devised illusory ghosts, werewolves and vampires. Continue Reading...

Have You No Sense of Decency, Sen. Durbin?

Astute Acton readers more than likely are aware already that U.S. Sen. Dick Durbin (D-Ill.) has fired another salvo in the ongoing battle to silence conservative voices. Durbin joins our progressive friends in the Interfaith Center on Corporate Responsibility and As You Sow – both involved in proxy shareholder resolutions that would force companies to disclose donations to nonprofits – in their attempts to declare lights-out on the American Legislative Exchange Council. Continue Reading...

Proxy Shareholders Losing Their Religion

Perhaps nothing invigorates the left more than climate change and the exercise of free speech in the political arena – imagine their combined dyspepsia when these two issues converge. This is what is occurring with regrettable frequency as Walden Asset Management, Ceres and the Interfaith Council on Corporate Relations have joined a rogue’s gallery of progressive organizations issuing proxy shareholder resolutions urging a variety of companies to disassociate from the American Legislative Exchange Council. Continue Reading...

How Far Does Faith-Based ‘Shareholder Right to Know’ Go?

On January 31, the Interfaith Center on Corporate Responsibility issued a press release, announcing the organization’s “2013 Proxy Resolutions and Voting Guide.” A quick read of the release and ancillary materials, however, reveals that these resolutions have very little to do with issues of religious faith and everything to do with the progressive political agenda. Continue Reading...