Originally Posted by SneakerNet
Jiro, many companies do not require to show all the inside information that is not available to public. If we pay taxes, and company use our taxes, then it's reasonable to see what they are spending. VRS is not using our taxes. FCC collect money from our electrionic communication billing. Then FCC split up the funding to some of the companies and for FCC itself. It's FCC decision that need to collect info from the company. Not us.
Now, how would you feel if you want to show everyone in public what you spend? How much did you earn? and how much did you spend on bills? What did you spend on medical bills? and such. It's pretty private right? I'm sure you will refuse to show everyone your "inside information". Same way with the company itself except if company did mismanage the funding because of our tax dollars we spend. We have a right to know what is going on.
I don't know if that what you mean?
First of all - I earn my salary. I spend with my own salary. That is private. I am not under obligation to reveal it to public. But if I earn from taxpayers' money and spend with taxpayers' money.... that is public. The law requires public officials to reveal their financial information to public. That's why the President of United States reveals his income tax.
The corporation is not required to reveal its internal matter like memo, corporate secret, etc. but it is required to reveal its financial data.