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Immediately following the Supreme Court ruling on Citizens United in January 2010, New York City Public Advocate Bill de Blasio launched a campaign calling for institutional investors nationwide to demand that public corporations disclose their campaign spending to shareholders.

As a trustee for the New York City Employees' Retirement System (NYCERS) which manages more than $40 billion in assets on behalf of over 300,000 member beneficiaries, the Public Advocate has a responsibility to ensure that the pension fund’s investments are not being compromised by excessive political spending.

Over the past year, Public Advocate de Blasio has used public actions and negotiations to persuade companies such as Goldman Sachs, JPMorgan, Citigroup and Morgan Stanley to adopt policies against spending treasury dollars in elections.

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MASSEY: Spend on Safety, Not Politics

Unpublished

Email Massey Energy and tell them to stop spending in our elections.

 
Message Text:
 
M. Shane Harvey
General Counsel
Massey Energy Co.
P.O. Box 26765
Richmond, Virginia 23261
 
Dear Mr. Harvey,
I write to express my concern over reports that Massey Energy Company is poised to spend money from the corporate treasury to influence elections. I urge Massey Energy to join other leaders in corporate America who are revising their policies to refrain from the election spending made legal by the Supreme Court’s Citizens United ruling.
 
In light of continued revelations regarding unreported accidents that preceded the Upper Big Branch mine explosion this past April, it is clear that Massey Energy’s resources are best spent on improving safety conditions, not distorting our country’s political process.
 
I urge you to adopt a policy that renounces the political spending allowed under Citizens United.
 
Sincerely,
 
*Only your name, city and state will appear in the message to Massey Energy. Your address and email will allow the Public Advocate's office to stay in communication as this campaign unfolds.

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