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Unions: companies should make disclosures of political spending

Labor unions facing a government order to disclose their election spending are using their clout as stockholders to try to extract new details about the corporate world's political giving.

Pension funds at the Service Employees International Union, the Central Laborers and the Teamsters are sponsoring shareholder resolutions that ask companies to make available to stockholders information about donations to political groups and other election spending.
Stockholders will consider the proposals at annual meetings starting later this month.

Teamster pension fund spokesman Louis Malizia said a lot of corporate money goes into politics and that stockholders need easily accessible details to judge how well that money is spent. -- Union Pensions Probe Political Donations (AP via SunHerald.com)