This article is the first in a series about a model corporation. Goodness knows
If there were no corrupt corporations in
It has been said that corporations are inherently pathological and corrupt. That is absolutely not true. Despite the U.S. Supreme Court's infamous, totally incorrect and absurd ruling that corporations are persons, corporations start out as a legal piece of paper chartered by a state, more often than not the state of
It is both conceivable and possible therefore that there can be a truly great corporation, one that is both financially successful and that is also morally scrupulous and puts people before profit.
Are there any truly great corporations doing business that could be role models? Can you name me one?
I once looked at over 100 reports from several years of websites of corporations that had been identified as financially successful for a long time. To the extent that the reports are valid (websites are hardly foolproof sources of information), it seems that all but one of the companies may have been cutting ethical corners at least occasionally while doing business and may sometimes have also run afoul of the law. In Table 1.1 are abbreviated descriptions of what I found in the reports. One of the cases even spiraled up to the US Supreme Court, which barely overturned an appellate court decision in favor of the plaintiff rather than the corporation.
Are Great Corporations Really Like This?
Involved in antitrust lawsuits and settlements
Accused of breach of contract and fraud in dealing with retailers
Violated securities laws
"Cookie jar" accounting practices
Infringement of copyrights and patents
Disbarred from further government contracts
False advertising-consent decrees