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Corporate Persons are Sociopaths (and should separated from the general population.)

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TalkingDog Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-06-10 09:05 AM
Original message
Corporate Persons are Sociopaths (and should separated from the general population.)
http://hbr.org/2010/04/the-myth-of-shareholder-capitalism/ar/1

Snip
And yet, in an important 2007 article in the Journal of Business Ethics, 31 of 34 directors surveyed (each of whom served on an average of six Fortune 200 boards) said they’d cut down a mature forest or release a dangerous, unregulated toxin into the environment in order to increase profits. Whatever they could legally do to maximize shareholder wealth, they believed it was their duty to do.


Snip
Shareholders do not own the corporation, which is an autonomous legal person. What’s more, when directors go against shareholder wishes—even when a loss in value is documented—courts side with directors the vast majority of the time. Shareholders seem to get this. They’ve tried to unseat directors through lawsuits just 24 times in large corporations over the past 20 years; they’ve succeeded only eight times. In short, directors are to a great extent autonomous.
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KansDem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-06-10 09:19 AM
Response to Original message
1. "(and should separated from the general population.)"
They are.

Here's were they live:


Here's where we live:

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TalkingDog Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-06-10 09:25 AM
Response to Reply #1
3. touche
But that phrase is generally used regarding these accommodations:



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groovedaddy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-06-10 09:24 AM
Response to Original message
2. Also interesting: the "3 strikes" laws don't apply to corporate persons. G.E. has been convicted or
plead to multiple, felonious environmental crimes and yet they're still up and running. Equal justice before the law? Fa get about it!
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leftyladyfrommo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-06-10 09:28 AM
Response to Original message
4. 4% of the population are sociopaths. That's a lot.
They are everywhere out there. But they do well in business where there lack of emotion and guilt is a real plus.
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TalkingDog Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-06-10 09:33 AM
Response to Original message
5. Ouch, somebody doesn't like this story
Corporate goons down-voting stories that might inform the sheeple?

How much do they pay you for that anyway?
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