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To: Admiral_Zeon

If she wanted to start with a bang, this is a good way. Corporations are as non-constitutional as are political parties. To make matters worse, the board of directors of corporations may not even have a personal interest or stake in the corporation themselves, but are often professional proxies, paid representatives of other corporations that own stock. Such proxies may sit on the boards of several corporations.

This often creates a disconnect between corporate operations and corporate responsibilities. A corporation is *supposed* to work in the interests of its shareholders, which can mean many things. But what if a corporation is directed by its board to do things neither advantageous to their shareholders, *or* to the corporation itself?

For his innumerable faults, Jesse Jackson had one good idea, once, that I am in agreement with, at least partially. He called it the “corporate death penalty”. In essence, it would be much like a racketeering act specific to corporations. And not just to the individual corporation, but to those responsible individuals within the corporation.

The purpose of the corporate death penalty is for when a corporation commits a pattern of criminal activities, often in defiance of the law, because the penalties are so trivial, and the profits from violating the law are so great, they cannot resist breaking the law, repeatedly.

Today, if a corporation is absolved of misdeeds, either by falling apart or being consumed by another corporation, often the misdeeds are forgotten in the fray. And those individuals responsible for those misdeeds, often proxies, go on to commit the same and similar offenses in other corporations.

http://www.theyrule.net/

Importantly, the major corporations of the US are highly “incestuous”, as far as being controlled by a very small elite cadre of proxies and major shareholders. So in effect, this small group of people are the voice of the “civil rights” of corporations in the law. Perhaps it could be described as their having “super votes”, worth far more than the individual vote of a human citizen.

And this is a great cause of concern.


200 posted on 09/17/2009 9:28:32 PM PDT by yefragetuwrabrumuy
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To: yefragetuwrabrumuy
Sure, compare the 78% small family business to Enron so you can justify your elected officials rape robbing and pillaging
us just so you can get your .02 cents on the dollar that they steal.

Try getting a paycheck from a poor person when they are done with us and we are gone. I pay taxes and my corporation pays massive taxes. My corporation has a right to lobby the government for the burdens they levy on me.

205 posted on 09/17/2009 9:56:18 PM PDT by DaveTesla (You can fool some of the people some of the time......)
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