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Chevron, Hit by $18B Judgment, Faces Three Shareholder Proposals

Aguinda v. ChevronTexaco is one of the most complicated and drawn-out global lawsuits in history, seeking damages for the environmental and health impacts of oil extraction in Ecuador dating back to the 1960s. It's the subject of a superb documentary called Crude from director Joe Berlinger and has been featured on 60 Minutes. Chevron (CVX), […]

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Corporate Political Spending After Citizens United

It has been almost a year since the Supreme Court issued its decision in the Citizens United case, finding that attempts to impose legal restrictions on corporate political speech were inconsistent with the First Amendment.  A new paper by John C. Coates IV, John F. Cogan, Jr. Professor of Law and Economics at Harvard Law School examines […]

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Colbert’s Knock Knock Joke is Funny Because It’s True….Unless

In their terrific op-ed in The Hill, Lisa Gilbert and Ciara Torres-Spelliscy quote Stephen Colbert's statement in front of the Federal Election Commission following his triumph in persuading them to approve his SuperPAC. "Knock knock!" he shouted out to the crowd. "Who's there?" they responded. “Unlimited union and corporate campaign contributions,” said Colbert. “Unlimited union and corporate campaign […]

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SEC Approves Shareholder Proposal on Political Contributions

My latest Bnet column is about last week's SEC ruling that companies must allow shareholder proposals that seek an annual review and vote on corporate political expenditures. NorthStar Asset Management filed a shareholder proposal at Home Depot (HD) asking the company to disclose its political spending policies and anticipated spending for the next year. Shareholders […]

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Citizens United and Its Impact

Robert J. Elisberg has a superb column in Huffington Post about a California poltical campaign that sparked his curiosity when he was flooded with fliers, sometimes more than one in a day, all opposing a candidate for the state assembly named Betsy Butler.  The fliers accused her of being in the pocket of lobbyists and […]

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What Does Corporate Political Free Speech Look Like?

The Supreme Court's Citizens United decision ruled — ironically, in light of the literal meaning of the plaintiff's name — that corporations have an unfettered right of freedom of speech because they are only aggregations of individuals.  So let's look at life in the post Citizens United decision world and see what political speech by […]

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