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Reply #26: You're correct. Citibank for example [View All]

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Frank Booth Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-29-10 12:58 AM
Response to Reply #14
26. You're correct. Citibank for example
is an American corporation, but Prince Al-Waleed bin Talal owns billions in shares in Citibank, and like any other common stock holder he gets to vote his shares.

So this ruling doesn't explicitly give foreign corporations the right to pay for commercials supporting candidates, but it gives foreign individuals the right to do so through their US holdings.

The same analysis would apply to a foreign corporation or a sovereign wealth fund that holds shares in an American corporation.
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