[zmgsabst]

That’s exactly the point, the corporation wouldn’t:

Those small, diffuse shareholders aren’t typically represented by the board or executives, who are substantially controlled by a minority cabal. Do you think people with DIS in their retirement funds are happy Iger burned half the value on his politicking? — no, only his weirdo financier friends are. So why should we allow them to confiscate more assets from those small, diffuse shareholders to advocate their private politics and interests to the government?

If small, diffuse shareholders want to lobby Congress, they can do so individually as well, eg with a letter writing campaign or at public events.

A company has no interest in swaying the government, which represents the interests of the public. If the public (not the corporation) has concerns, they can privately advocate for those.