Subject:
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Re: Finally some church/state mingling that I can really get behind!
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Newsgroups:
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lugnet.off-topic.debate
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Date:
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Thu, 14 Aug 2003 14:24:59 GMT
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Viewed:
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609 times
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In lugnet.off-topic.debate, Carl Nelson wrote:
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Realistically, the sole purpose for a corporation to exist is to generate
wealth for stockholders. That’s the legal purpose behind the establishment
of a corporation; they’re in violation of their fiduciary duty to
stockholders to do anything but attempt to create wealth. So it’s sort of
like faulting an animal for eating and reproducing--to do aught else goes
against their very nature.
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Strongly disagree -- as you knew I would. Your statement ignores the social
contract that corporations have with the societies that provide them with the
fiction that makes any of their business possible in the first place. It is not
for nothing that the fiction of the corporate person exists. It is not for
nothing that corporations are sometimes given enormous incentives to engage in
business in certain places. A society that provides both the means and often
the incentive for a corporation to exist absolutely expects revenues to be
generated by said corporations for the enrichment of all concerned.
Seriously, how could it be otherwise? This is precisely why you have many
people looking at the “bottom line” mentality with a jaundiced eye -- there’s
more to a corporation than enriching the stockholders and we all know it.
-- Hop-Frog
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