ALBANY, N.Y. (AP) — New York state’s comptroller says Mattel is the latest major corporation to agree to the state public pension fund’s request to publicly report all corporate political spending.
Thomas DiNapoli (dee-NAP’-oh-lee) announced Thursday the El Segundo, California-based toy manufacturer is the 37th company to reach a political disclosure and accountability agreement with the New York State Common Retirement Fund. DiNapoli is the sole trustee of the $209 billion fund.
The pension fund holds Mattel shares with an estimated market value of about $21 million.
DiNapoli had filed a shareholders proposal asking the company to make annual reports of its corporate spending related to candidates as well as political parties, organizations and committees.
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Mattel, maker of such iconic toys as Barbie and Hot Wheels, will start posting the information to its website this year.