Memo to Spitzer: Put a sock in it

Published



Disgraced former New York Gov. Eliot Spitzer thinks people who own shares in mutual and pension funds should pressure the directors and executives of America’s great corporations to silence the U.S. Chamber of Commerce. Spitzer, aka the “Client Number Nine” who famously kept his socks on while dallying with Emperor Club VIP hookers, now accuses the chamber of misrepresenting its members. How? By lobbying against “the reform of markets, health care, energy policy and politics that we have all been calling for.”

Spitzer’s solution is for mutual and pension fund owners to demand that the corporations cancel their chamber memberships, thus denying the nation’s most influential business voice of the lifeblood of every trade association — dues revenue. It comes as no surprise to hear such demands from Spitzer, who as New York attorney general posed as an ethical champion while using the mere threat of state-sponsored litigation to force corporate boards and executives to take actions that clearly weren’t in the best interests of their stockholders.

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