Corporation: Difference between revisions
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[[File:Corporate ownership.jpg|alt=Corporate ownership|thumb|Corporate [[oligopolies]] sell us our food.]][[File:Corporate owners-media.png|alt=Corporates oligopolies own our media.|thumb|Corporates [[oligopolies]] own our media.]]'''A traditional corporate entity is a collective of people joined together by articles of incorporation in pursuit of profit.''' Although it may be comprised of individual parts such as directors, officers, and shareholders, a corporation is a legal entity in and of itself | [[File:Corporate ownership.jpg|alt=Corporate ownership|thumb|Corporate [[oligopolies]] sell us our food.]][[File:Corporate owners-media.png|alt=Corporates oligopolies own our media.|thumb|Corporates [[oligopolies]] own our media.]]'''A traditional corporate entity is a collective of people joined together by articles of incorporation in pursuit of profit.''' Although it may be comprised of individual parts such as directors, officers, and shareholders, a corporation is a legal entity in and of itself. This was determined by ''Santa Clara County vs Southern Pacific Railway'' in the U.S. Supreme court in 1886<ref>U.S. Supreme Court (1886): Santa Clara County v. Southern Pacific R. Co., 118 U.S. 394. Decided: May 9, 1886. Accessed 6<sup>th</sup> Jan 2022 via https://supreme.justia.com/cases/federal/us/118/394/</ref>. This precedent setting case was a dispute over a railway route and determined whether the U.S. Supreme Court identified a private corporation as a “'''''natural person'''''” under the U.S. Constitution and therefore entitled to protection under the Bill of Rights. | ||
==Behaviour== | ==Behaviour== | ||
The prime driver of corporate entities is self survival, the second, 99% of the time a fiduciary duty to pursue profit for the financial gain of shareholders. These paramount, binding principles have been anthropomorphised with some authors<ref>Bakan, Joel, The Corporation: The Pathological Pursuit of Profit and Power. New York: Free Press, 2004.</ref> arguing that corporate entities have the characteristics of a [[psychopath]]. However, corporates are not humans, they are inert machines, much like a gun, its behaviour is only defined by the intention behind it. | |||
Research has found people with narcissistic traits tend to get promoted 39% faster in their progression to CEO<ref>The Leadership Quarterly: The perks of narcissism: Behaving like a star speeds up career advancement to the CEO position. Published June 2021, Accessed 14th January via https://doi.org/10.1016/j.leaqua.2020.101489</ref> and that there are at least three times as many psychopaths in executive or CEO roles than in the overall population<ref>[https://www.sakkyndig.com/psykologi/artvit/babiak2010.pdf Corporate Psychopathy: Talking the Walk]</ref> . The importance of this fact is emphasised by the knowledge that psychopaths, at around 1% of the adult population, are reported to be responsible for about 50 % of all serious crimes and constitute 20% of (North American) prison populations<ref>Hare, R. (1999). ''Without conscience: The disturbing word of the psychopaths among us''. New York: Guildford Press.</ref>. | Research has found people with narcissistic traits tend to get promoted 39% faster in their progression to CEO<ref>The Leadership Quarterly: The perks of narcissism: Behaving like a star speeds up career advancement to the CEO position. Published June 2021, Accessed 14th January via https://doi.org/10.1016/j.leaqua.2020.101489</ref> and that there are at least three times as many psychopaths in executive or CEO roles than in the overall population<ref>[https://www.sakkyndig.com/psykologi/artvit/babiak2010.pdf Corporate Psychopathy: Talking the Walk]</ref> . The importance of this fact is emphasised by the knowledge that psychopaths, at around 1% of the adult population, are reported to be responsible for about 50 % of all serious crimes and constitute 20% of (North American) prison populations<ref>Hare, R. (1999). ''Without conscience: The disturbing word of the psychopaths among us''. New York: Guildford Press.</ref>. | ||
====References==== | ====References==== | ||
<references /> | <references /> | ||
Revision as of 02:23, 3 July 2022
A traditional corporate entity is a collective of people joined together by articles of incorporation in pursuit of profit. Although it may be comprised of individual parts such as directors, officers, and shareholders, a corporation is a legal entity in and of itself. This was determined by Santa Clara County vs Southern Pacific Railway in the U.S. Supreme court in 1886[1]. This precedent setting case was a dispute over a railway route and determined whether the U.S. Supreme Court identified a private corporation as a “natural person” under the U.S. Constitution and therefore entitled to protection under the Bill of Rights.
Behaviour
The prime driver of corporate entities is self survival, the second, 99% of the time a fiduciary duty to pursue profit for the financial gain of shareholders. These paramount, binding principles have been anthropomorphised with some authors[2] arguing that corporate entities have the characteristics of a psychopath. However, corporates are not humans, they are inert machines, much like a gun, its behaviour is only defined by the intention behind it.
Research has found people with narcissistic traits tend to get promoted 39% faster in their progression to CEO[3] and that there are at least three times as many psychopaths in executive or CEO roles than in the overall population[4] . The importance of this fact is emphasised by the knowledge that psychopaths, at around 1% of the adult population, are reported to be responsible for about 50 % of all serious crimes and constitute 20% of (North American) prison populations[5].
References
- ↑ U.S. Supreme Court (1886): Santa Clara County v. Southern Pacific R. Co., 118 U.S. 394. Decided: May 9, 1886. Accessed 6th Jan 2022 via https://supreme.justia.com/cases/federal/us/118/394/
- ↑ Bakan, Joel, The Corporation: The Pathological Pursuit of Profit and Power. New York: Free Press, 2004.
- ↑ The Leadership Quarterly: The perks of narcissism: Behaving like a star speeds up career advancement to the CEO position. Published June 2021, Accessed 14th January via https://doi.org/10.1016/j.leaqua.2020.101489
- ↑ Corporate Psychopathy: Talking the Walk
- ↑ Hare, R. (1999). Without conscience: The disturbing word of the psychopaths among us. New York: Guildford Press.