“A little older, a little more confused,” the late Dennis Hopper once intoned. One month into 2014, the same could be said for this writer. After all, what could be more confusing than members of the religious community employed as willing conspirators in the great organized labor gambit to stifle corporate political speech? Year after year, however, that’s increasingly the case.
For example, the Interfaith Council on Corporate Responsibility’s recently redesigned website heralds its distaste for corporate participation in the political process:
Unchecked corporate cash in the form of political donations and lobbying expenditures has the power to exert undue influence over public policy and regulatory systems and threaten our democracy. Yet in spite of this power, most S&P 500 companies lack a formal system of lobbying oversight and don’t fully disclose how monies are being spent, particularly through third-party organizations like trade associations. Investors are concerned that lobbying expenditures may inadvertently be diverted to groups advancing agendas contrary to the stated missions of companies, setting up potential conflicts of interest and exposing companies to reputational risk. (more…)