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Reply #16: Corporations are legal constructs that are REQUIRED to be AMORAL... [View All]

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Solon Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-30-06 02:06 PM
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16. Corporations are legal constructs that are REQUIRED to be AMORAL...
That's not a generalization, that's a fact, any Corporation that attempts to act moral will face shareholder lawsuits and the sacking of their boards. So, by law, a corporation is actually required to act in its best interest, regardless of regulations, morals, ethics, or anything else, all for the sake of profit and its shareholders. The only exceptions are when following said regulations or laws is less expensive than violating them, that is called a "Cost Benefit Analysis". The only other exception are corporations that are not publically traded, or have ONE shareholder who holds 51% of the stock, in both cases, they act as moral as their primary owner allows.
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