California Pension May Question Companies on Political Spending
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The California State Teachers’ Retirement System, the second-largest U.S. pension, may use its investment clout to push corporations to disclose their political donations, under a policy adopted by the fund’s investment committee.
The U.S. Supreme Court, citing free-speech protections, ruled last year that companies and unions could spend their own money on elections, not just contributions from employees and political-action committees.