Corporate Political Speech is Bad for Shareholders

Lucian Bedchuk, Project Syndicate CAMBRIDGE – The United States Supreme court recently struck down limits on the freedom of companies to spend money on political elections. Large, publicly traded companies in other countries also often face lax limits on their use of corporate resources to influence political outcomes, fueling fears that the interests of shareholders will trump those of other groups, such as consumers and employees. But corporate spending on politics can also hurt the interests of shareholders. Stock market listed companies control a big share of almost every country’s resources, so the free flow of corporate money into politics ... Leer más