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Hidden Rivers (2006)
Sunday, January 1, 2006
How Trade Associations Conceal Corporate Political Spending, Its Threat to Companies, and What Shareholders Can Do
Trade associations have become the Swiss bank accounts of American politics. Through them, corporations spend millions of dollars on political activities that can ultimately lead to a decline in shareholder value and compromise the reputations of corporations and their leaders. Hidden Rivers uses case studies of hotly-contested judicial elections to show how corporations, via trade associations and other tax exempt organizations, expended resources on candidates who held views inimical to company values.