The Supreme Court yesterday allowed corporate executives to tap into their company’s resources and use that money to directly influence elections instead of for the profitable operation of the company. This use of company funds isn’t considered bribery because the company executives can claim they are only engaged is “speech” to promote good government, not influence public officials to bring a return to the company.
To fix this we should pass a law that tightens up corporate governance and explicitly spells out – as law – that for-profit companies can only use company resources for the profitable operation of the company. This would make it illegal to use company money to “promote good government” or any other excuse currently used to get around the bribery laws. If by law executives can’t use the company’s money except for activities that return a profit, then use of this money in politics can’t be just “speech” — it is to return a profit. Therefore the federal bribery of public officials’ statute would apply to any use of corporate resources to elect candidates
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