Political Quotes

“Any time I hear the Federal government say they are going to streamline anything, it kind of raises my eyebrows. In fact, based on the SEC's own data, a single shareholder proposal can impose costs of more than $100,000, with many firms reporting significantly higher costs, which are ultimately borne by that company's shareholders. Congress never granted the SEC authority to make it mandatory for companies to include shareholder proposals in corporate proxy statements, especially after companies already rejected substantially similar politically charged proposals. Not only does this rule overstep the authority given to the SEC, but it also raises numerous constitutional concerns and is a clear violation of the First Amendment's prohibition on government-compelled speech. Political performance does not belong in the boardroom. Instead, companies should focus on maximizing shareholder value. Again, all this does is add another bureaucratic nightmare to the taxpayers that are already struggling. Mr. Chairman, I reserve the balance of my time.”