Friday, December 06, 2013

Corporations: sauce for the goose is sauce for the gander

"But now critics are pushing back [at proxy advisers], accusing the firms themselves of conflicts of interest and secrecy. Corporations are aiming to limit what they see as inappropriate influence."
– "Proxy advisers face challenge from corporate critics", Jim Spencer, Star Tribune, 2013-11-30.

Proxy advisers are firms that advise large institutional shareholders about voting for or against the management and boards of corporations.

I think the irony of this push back is that the large corporations don't consider being members of ALEC (American Legislative Exchange Council) or any of their own lobbying efforts or political contributions as "inappropriate influence" on "the government of the people, by the people, and for the people".