To: Willie Green
Corporate responsibility is to the stockholders, not the government unless you wish to argue that corporations should be beholden to the government.
To: DugwayDuke
unless you wish to argue that corporations should be beholden to the government.They are. The only reason Government grants investors limited personal liability in the formation of business enterprise is to promote economic development that is beneficial to society. When corporate activity no longer serves that purpose, there is no longer any justification for Government to extend that privilege.
- Along with rights go responsibilities.
- Corporations are artificial entities that provide limited economic liability to the investors. In bankruptcy or other civil litigation, they only stand to lose their investment. Creditors or other claimants cannot take action against other properties or sources of income of the stockholders.
- Corporations are not individuals and do not have the same rights as individuals.
- The rights of individual shareholders should not be confused with the legal requirements placed on corporations.
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