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.
