If my company spends money, it should be disclosed to the shareholders and how it was spent. With my personal money, I can do anything I want. But company money should be disclosed.
Sentiment: NEGATIVE
You can't put your name, recognition, your money in a company without having share in the control.
It is much more convenient not to be a public company. As a private company you don't have to give information to the public. Secrecy is an important factor of success in the commodity business.
The details of the personal expenses that executives put on the company tab often are not known because loopholes in federal disclosure rules let publicly traded companies generally avoid disclosing the perks they give executives along with pay and stock options.
Companies that are publicly held have a fiduciary duty to their shareholders to try to maximize their profits within ethical reasons.
Even if a company is taken private, at some stage people want to make it public.
If you run a corporation, your job is to maximize the return on investment for your investors. Good for you. But by the same token, we have to remember that corporations have no compassion. That's why legislation and regulations are necessary.
In my view, a corporation is not a person. A corporation does not have First Amendment rights to spend as much money as it wants, without disclosure, on a political campaign.
Over the past several decades, a growing number of investors have been choosing to put their money in funds that screen companies for their environmental and labor records. Some socially responsible investors are starting to add free expression and privacy to their list of criteria.
I want to be clear. No company is too big to be prosecuted. We have zero tolerance for corporate fraud, but we also recognize the importance of avoiding collateral consequences whenever possible.
If you're thinking of acquiring a company and want to keep it a secret, tell everyone in the company; let them all in on the truth. Say, 'Listen, if this gets out, we'll probably lose the deal, so we're all in this together.'
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