Understand this, a corporation is chartered to do one thing only: make money for the shareholders. A CEO can be removed from his/her job if this is not done. It seems ridiculous that this simple fact needs to be pointed out but I'm running into many people who do not understand this very basic fact of accounting.
Corporations are not chartered to protect common people. If CEOs, CFOs, and other high managerial executives feel like the best way to make money is to screw their workers over, this will be done. If a corporation decides the best way to make money is to freeze worker pensions, they will do this even as they hand out huge executive bonuses. If you do not believe me, check out this article at the New York Post
If a corporation thinks the best way to make money is to fire American workers and open new plants in China, they will do so. If Union Carbide thinks American regulations are too onerous, they will open a chemical plant in Bhopal, India where there are little to no regulations. Do you remember that debacle? It happened in 1984. As many as 25,000 deaths have been attributed that accident in recent estimates. It was June, 2010 before seven former employees of Union Carbide were sentence to 2 years in prison and $2,000 fines.
Imagine if that had been you or me that had cause 25,000 deaths! We'd be in jail so fast our heads would spin... but of course we're just people; real people.
Corporations are not people in any sense of the word. They are most certainly not American Patriots. If they think the best way to make money is hide money in the Cayman Island, they will do so and buy the equivalent of a PO Box there so they can shelter money which would normally be taxed in the U.S.
This is what Corporations are chartered to do. Simple as that; make money. They are not people. To think for even a moment that they are is delusional.
The Supreme Court decision on the Citizens United case is the height of delusion. The influx of corporate cash into non-transparent SuperPACS will tarnish the political landscape in ways never thought possible before. Our politicians, both left and right, will be bought and sold like puppets. Sadly, some are already. A constitutional amendment is needed to reverse this monstrous Supreme Court decision and, indeed this process has already begun. This blog will be attempting to follow this issue.
Defination of a corporation according to to investopedia.com:
