From: Mark Steven Heyman (markheyman@infoproconsulting.com)
Date: Sun May 30 2004 - 14:59:13 BST
On 30 May 2004 at 12:21, David Morey wrote:
> That sounds spot on to me.
> I think we need to introduce new control
> mechanisms and values to our corporations.
>
msh says:
Or dismantle them completely? What moral purpose do they serve? Their
only purpose, as I see it, is to shield CEOs and other executives,
BODs, and major stockholders, from criminal and social responsibility
for their profit-making activities, and to shelter profits from
taxes, another way of avoiding social responsibility.
I guess I can see value in the ORIGINAL idea of a corporation, a
temporary legal entity granted a state charter for the purpose of
raising funds and building a bridge, or a school, or something. But
this is so radically different from what we have today that, to avoid
confusion, we'd need a different word to describe it.
Thoughts?
msh
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