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The Model Corporation: Part One. Introduction

By   Follow Me on Twitter     Message Gary Brumback     Permalink
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This article is the first in a series about a model corporation. Goodness knows America could use some model corporations.

If there were no corrupt corporations in America there would be no corpocracy, or the collusion between big corporations and big government. But corrupt corruptions in every industry are the norm, not the exception.

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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 Delaware.

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.

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   Table 1.1

   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  

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Disbarred from further government contracts

Employment-discrimination lawsuits

False advertising-consent decrees

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Retired organizational psychologist.

Author of The Devil's Marriage: Break Up the Corpocracy or Leave Democracy in the Lurch; America's Oldest Professions: Warring and Spying; and Corporate Reckoning Ahead.

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