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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">'''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>]] | [[File:Corporation definition.png|alt=Corporation definition|thumb|'''Figure 1'''. Corporations are legally people!<ref name=":0" /><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>]] | ||
'''A traditional corporation, although comprised of individual parts such as directors, officers, and shareholders is legally recognized as a single "''natural person''".''' As such it is entitled the same protection as any other human protected by the US Bill of Rights<ref name=":1" /> except one key difference, | '''A traditional corporation, although comprised of individual parts such as directors, officers, and shareholders is legally recognized as a single "''natural person''".''' As such it is entitled the same protection as any other human protected by the US Bill of Rights<ref name=":1" /> except one key difference, you cannot put a corporation into jail. | ||
==Behaviour== | ==Behaviour== | ||
[[File:Corporate ownership.jpg|alt=Corporate ownership|thumb|'''Figure 2'''. Corporate [[oligopolies]] feed us.]]The prime driver of 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 ''natural'' person<ref name=":1" /> 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>. | [[File:Corporate ownership.jpg|alt=Corporate ownership|thumb|'''Figure 2'''. Corporate [[oligopolies]] feed us.]]The prime driver of 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 ''natural'' person<ref name=":1" /> 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>. | ||