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White House Sides With Corporate Cronies
Despite the tidal wave of corporate scandals that drained trillions of dollars from worker retirement accounts, shareholders and the economy, the Bush administration joined forces with the country's wealthiest CEOs to gut a proposed Securities and Exchange Commission regulation that would give shareholders more power to influence the behavior of corporate boards. Employees of the 205 corporations that opposed the measure contributed $55.5 million to Bush's campaigns, his inauguration and the Republican National Committee since the 2000 election cycle.
To read Public Citizen's report, click here.
To read the press release, click here.
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