[LomanBill]

>>Management's responsibility is to shareholders

In the United States at least, corporate charters are instruments of collectivization, granted by the power of the laws of the Republic.

When the exercise of those charters becomes antagonistic towards the purpose of American governance - which is “To Secure These Rights”,(these rights being endowed upon INDIVIDUALS - not upon collectives) then the American thing to do is to REVOKE THE CORPORATE CHARTER.

What the Republic giveth, the Republic can taketh away.

[LomanBill]

>>REVOKE THE CORPORATE CHARTER

Should be:

REVOKE THE CORPORATE CHARTER of those who abuse it.

[uncommonsense]

"When the exercise of those charters becomes antagonistic towards the purpose of American governance - which is “To Secure These Rights”,(these rights being endowed upon INDIVIDUALS - not upon collectives) then the American thing to do is to REVOKE THE CORPORATE CHARTER."

IMHO, you've got it backwards. Business are notional individuals and individuals are not here to serve government - it's the other way around. I profoundly disagree with you on this issue. Government is not the boss, and America better wake up right now to this fact or there will be no more America are we know it.

[thackney]

Do you believe the federal government has the right to disolve the equity of the holdings in your 401k/IRA Mutual funds? That is the the biggest source of shareholders in these companies.

[uncommonsense]

and furthermore - adding tax burdens to corporations is NOT the answer. If we implement some real tax reform, any problem with companies setting up elaborate structures to preserve cash will go away.

I'm not defending the atrocious corporate governance issues we face today, but every single time government steps in to "fix" a problem, their "fix" is always 10 times worse then the problem. The current economic meltdown is a perfect example. Government inflicted. Social insecurity, Medicare/Medicaid - all ponzi schemes.

Please! Someone save me from government always trying to help me!!!