NY comptroller: 5 companies to disclose political spending

ALBANY, N.Y. (AP) — New York's comptroller says five more Fortune 500 companies have agreed to publicly report all direct and indirect political spending. Comptroller Thomas DiNapoli says the state retirement fund has withdrawn shareholder proposals calling for those disclosures after the...

ALBANY, N.Y. (AP) — New York's comptroller says five more Fortune 500 companies have agreed to publicly report all direct and indirect political spending.

Comptroller Thomas DiNapoli says the state retirement fund has withdrawn shareholder proposals calling for those disclosures after the agreements were reached with Coca-Cola Enterprises, Raytheon, Waste Management, Union Pacific and Centerpoint Energy.

DiNapoli is the $178.3 billion fund's trustee. He says investors have the legal right to know how corporate dollars are spent in the political arena.

Similar shareholder proposals are at eight other companies where the fund has investments: Aetna Inc., Express Scripts Holding Co., Johnson & Johnson, NextEra Energy Inc., Nisource Inc., The Travelers Companies Inc., Western Union Co. and Wynn Resorts.

Another 32 companies previously agreed to similar proposals.

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