Monday, September 24, 2012

Corporate Greed - what is it?

Apparently, it’s the point at which critics believe the line between an acceptable amount of profit and an unacceptable amount profit is crossed.  Critics, however, cannot give you an exact percentage of profit that is too high.  It’s more of a feeling that they have – you know that feeling when corporations actually become magnificently successful.  Corporate successes are derived from a mix of hard work, brains, special talents, and risk-taking.  I always thought I lived in a country that celebrated these traits.

I wonder how many people that criticize corporations for being money-hungry, people-hating monoliths own stock in those corporations.  Or, how many of them own shares of mutual funds that hold stock in those corporations?  If so, they profit personally from the very thing they decry.  Put your money where your mouth is, people. 

How many of these critics work for corporations?  If so, they shouldn’t work for them – no one is forcing them.  They should stop supporting and benefiting from a system that they believe is unjust or somehow unfair.

Keep in mind that corporations are required by law to maximize profits for their shareholders.  If they do not, the highest corporate officers in the company can be held criminally liable, in some instances.  So, if you have a problem with profit being the almighty goal of corporations, change the laws that govern them.  I am not talking about agency “regulations.”  I am talking about the most basic law of corporations.  At least, that is what our SCOTUS (Supreme Court of the United States) case law tells us.


  1. I find it interesting that big oil is held out as the greediest of greedy....but they make an average ofless than 4 cents per gallon in profit, while the state and federal government rake in 48 cents per gallon in taxes. Which one is the greedy party? The producer of the resource, or the parasite of bloated government?