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The attacks on "Big Business" - the main talking points: CEO pay, the "Imperial" CEO, corporate democracy.
The current regulatory environment - Sarbanes Oxley (SOX). The subjectivity of interpreting regulation.
The universality of the attacks on corporations. Ralph Nader as a primary figure, who introduced the idea of corporate democracy.
Examples of hatred of the corporate form from liberals, conservatives, and libertarians. There are real issues -how did we get to this point?
corporate governance, social responsibility, stakeholders
Background on the phenomenal productivity and gradual destruction of the corporation
Q: How does the US stock market compare to other countries? DOW vs Nikkei
Q: What factors account for American market success? Is it an apples-to-apples comparison?
Q: What does GDP represent?
Defining corporations - what makes them unique as compared to self-proprietorships and partnerships? Limited liability.
Q: Isn't it the case that even in an LLC or Inc. someone can be required to assume personal liability?
Q: Limited liability decreases shareholder risk, but doesn't it increase lender risk?
Limited liability and torts
Q: Is control the key issue in limited liability vs. means? How is shareholders providing cash different from someone who supplied the gun in a crime.
Q: Is there a significant difference between corporations and other forms in terms of taxation?
Q: differentiation between criminal and limited liability for a corporation?
Corporations as separate legal entities - the "fictitious person" concept
The rights of corporations - do corporations get special rights, or lose rights?
Ownership and control of corporations - is it reasonable that shareholders/owners are separated from control of the corporation?
How did we get here - why are there so many corporations? Why are some so large?
Q: What about public vs. private corporations?
Corporate Free Speech
Q: How does bankruptcy work and is it legitimate? Chapter 11 reorganization.
The history of corporations and the idea of orporations as government creations: 16th century Britain and early 19th century USA
A new chapter: in 1836 the corporate form begins to change
Q: What started the changes in corporate legal structure in the US in 1836?
A summary of the attacks against corporations, and the answers to those charges
Q: What is the government’s proper role in creating the legal structure of corporations? Should the government stay out of it entirely?
Q: Do companies have the right to create their own legal structure?