Corporation: Difference between revisions
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[[File:Corporation definition.png|alt=Corporation definition|thumb|'''Figure 1'''. Corporations are legally people!<ref name=":0" /><ref name=":1" />]] | [[File:Corporation definition.png|alt=Corporation definition|thumb|'''Figure 1'''. Corporations are legally people!<ref name=":0" /><ref name=":1" />]] | ||
'''A traditional corporate entity is a collective 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 | '''A traditional corporate entity is a collective 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 US Supreme court in 1886<ref name=":1">'''Santa Clara County v. Southern Pacific''', U.S. Supreme Court (1886): 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>. In essence, this case was a dispute over a railway route in the US and determined whether the 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== | ||
[[File:Corporate ownership.jpg|alt=Corporate ownership|thumb|'''Figure 2'''. Corporate [[oligopolies]] sell us our food.]]The prime driver of all corporate entities is self survival. The second is their fiduciary duty to pursue revenue for the financial gain of employees and shareholders. These paramount, binding principles | [[File:Corporate ownership.jpg|alt=Corporate ownership|thumb|'''Figure 2'''. Corporate [[oligopolies]] sell us our food.]]The prime driver of all corporate entities is self survival. The second is their [[Fiduciary Duty|fiduciary duty]] to pursue revenue for the financial gain of employees and shareholders. These paramount, binding principles gives corporations a [[Machines|machine]] like quality which if it was a REAL person would meet the diagnostic criteria for [[psychopath|psychopathy]]<ref name=":0">'''The Corporation: The Pathological Pursuit of Profit and Power'''. Bakan, Joel, New York: Free Press, 2004. [https://thecorporation.com/film/book https://thecorporation.com/]</ref>. These general traits of corporations are compounded by the fact that people with narcissistic traits tend to get promoted 39% faster in their progression to CEO<ref>'''The perks of narcissism: Behaving like a star speeds up career advancement to the CEO position'''. The Leadership Quarterly: Published June 2021, Accessed 28th September 2022 via https://doi.org/10.1016/j.leaqua.2020.101489</ref> resulting in at least three times as many psychopaths in executive or CEO roles than in the overall population<ref>'''Corporate Psychopathy: Talking the Walk'''. Paul Babiak, Ph.D.y, Craig S. Neumann, Ph.D.z and Robert D. Hare, Ph.D. Behavioral Sciences and the Law. Behav. Sci. Law 28: 174–193 (2010). Published online 6 April 2010 in Wiley InterScience DOI: 10.1002/bsl.925. Accessed on 28 September 2022 via https://www.sakkyndig.com/psykologi/artvit/babiak2010.pdf</ref>. And psychopathic behaviour is bad, for everyone as they only amount to 1% of the adult population, but are reported to be responsible for about 50 % of all serious crimes and constitute 20% of (North American) prison populations<ref>'''''Without conscience: The disturbing word of the psychopaths among us''.''' Hare, R. (1999). New York: Guildford Press. https://www.google.com/books/edition/_/xfIEVtzj52YC?hl=en</ref>.[[File:Corporate owners-media.png|alt=Corporates oligopolies own our media.|thumb|'''Figure 3.''' Corporates [[oligopolies]] own our media.]]As we live in a type of [[corporatocracy]], where corporates are the dominant organisational form on earth as they sell us most stuff (see '''Figure 1''' and '''Figure 2''') this may seem depressing. However, a ray of hope is to remember corporations are simply inert [[machines]], much like a gun, its behaviour is only defined by the intention defined by its founding coding, its incorporation statement which could be rewritten. Perhaps, if we can change the intention, we can change the effect. Can we write a series heirarchical rules ([[Tenet|tenets]]) which could be used to make the [[Transparent incorporation statement|incorporation statement]] of a machine which does ''[[Relativity of ethics|good]]?'' | ||
====References==== | ====References==== | ||
<references /> | <references /> | ||
Revision as of 00:48, 30 November 2022
A traditional corporate entity is a collective 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 US Supreme court in 1886[2]. In essence, this case was a dispute over a railway route in the US and determined whether the 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
Figure 2. Corporate oligopolies sell us our food.
The prime driver of all corporate entities is self survival. The second is their fiduciary duty to pursue revenue for the financial gain of employees and shareholders. These paramount, binding principles gives corporations a machine like quality which if it was a REAL person would meet the diagnostic criteria for psychopathy[1]. These general traits of corporations are compounded by the fact that people with narcissistic traits tend to get promoted 39% faster in their progression to CEO[3] resulting in at least three times as many psychopaths in executive or CEO roles than in the overall population[4]. And psychopathic behaviour is bad, for everyone as they only amount to 1% of the adult population, but are reported to be responsible for about 50 % of all serious crimes and constitute 20% of (North American) prison populations[5].
Figure 3. Corporates oligopolies own our media.
As we live in a type of corporatocracy, where corporates are the dominant organisational form on earth as they sell us most stuff (see Figure 1 and Figure 2) this may seem depressing. However, a ray of hope is to remember corporations are simply inert machines, much like a gun, its behaviour is only defined by the intention defined by its founding coding, its incorporation statement which could be rewritten. Perhaps, if we can change the intention, we can change the effect. Can we write a series heirarchical rules (tenets) which could be used to make the incorporation statement of a machine which does good?
References
- ↑ 1.0 1.1 The Corporation: The Pathological Pursuit of Profit and Power. Bakan, Joel, New York: Free Press, 2004. https://thecorporation.com/
- ↑ 2.0 2.1 Santa Clara County v. Southern Pacific, U.S. Supreme Court (1886): 118 U.S. 394. Decided: May 9, 1886. Accessed 6th Jan 2022 via https://supreme.justia.com/cases/federal/us/118/394/
- ↑ The perks of narcissism: Behaving like a star speeds up career advancement to the CEO position. The Leadership Quarterly: Published June 2021, Accessed 28th September 2022 via https://doi.org/10.1016/j.leaqua.2020.101489
- ↑ Corporate Psychopathy: Talking the Walk. Paul Babiak, Ph.D.y, Craig S. Neumann, Ph.D.z and Robert D. Hare, Ph.D. Behavioral Sciences and the Law. Behav. Sci. Law 28: 174–193 (2010). Published online 6 April 2010 in Wiley InterScience DOI: 10.1002/bsl.925. Accessed on 28 September 2022 via https://www.sakkyndig.com/psykologi/artvit/babiak2010.pdf
- ↑ Without conscience: The disturbing word of the psychopaths among us. Hare, R. (1999). New York: Guildford Press. https://www.google.com/books/edition/_/xfIEVtzj52YC?hl=en