Hoo boy … this campaign season is exhausting enough already without reporting the efforts of religious shareholder activist groups uniting to undo the U.S. Supreme Court’s Citizens United decision. But, to quote Michael Corleone in the third Godfather film: “Just when I thought I was out, they pull me back in!”
Joining the anti-Citizens United religious shareholders are public-sector unions, riding high after the eight-justice Supreme Court split evenly this week on Friedrichs v. California Teachers Association. The split decision ensures that public-sector unions may continue to collect compulsory union dues. Any honest guesses as to how this money will be spent must include political activity.
For its part, religious shareholder activists As You Sow continue to hold up their end of the bargain, openly working with unions to squelch opposition voices. Although AYS proxy resolutions on corporate political activity have fallen from a record high of 139 in 2014 to 98 resolutions thus far this season, readers may rest assured, as AYS warns in its 2016 ProxyPreview: (more…)