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Quote by Joel Bakan

“Dodge v. Ford still stands for the legal principal that managers and directors have a legal duty to put the shareholders' interests above all others and no legal authority to serve any other interests - what has come to be known as "the best interests of the corporation" principal.”

Quote by Joel Bakan

Book:The Corporation: The Pathological Pursuit of Profit and Power

Work

The Corporation: The Pathological Pursuit of Profit and Power

This book delves into the nature of corporations, analyzing their role in the modern world and the consequences of their pursuit of profit and power. It explores the ethical and social implications of corporate behavior and the potential for reform. more

Author

Joel Bakan is a Canadian writer renowned for his profound insights into legal, political, and social issues. His work often addresses topics such as economics, politics, and social reform. more

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“The genius of the corporation as a business form, and the reason for its remarkable rise over the last three centuries , was - and is - its capacity to combine the capital, and thus the economic power, of unlimited numbers of people.”

People Reason Lasts Form Three Numbers Economic Century Genius Capacity Corporations Remarkable Unlimited Economic Power

Book:The Corporation: The Pathological Pursuit of Profit and Power

Source: The Corporation: The Pathological Pursuit of Profit and Power

“As the corporation's size and power grew, so did the need to assuage people's fears of it. The corporation suffered its first full-blown legitimacy crisis in the wake of the early-twentieth-century merger movement, when, for the first time, many Americans realized that corporations, now turned behemoths, threatened to overwhelm their social institutions and governments.”

Source: The Corporation: The Pathological Pursuit of Profit and Power

“By leveraging their freedom from the bonds of location, corporations could now dictate the economic policy of governments.”

Government Economic Policy Corporations Location Economic Policy

Book:The Corporation: The Pathological Pursuit of Profit and Power

Source: The Corporation: The Pathological Pursuit of Profit and Power

“Corporations now govern society, perhaps more than governments themselves do; yet ironically, it is their very power, much of which they have gained through economic globalization, that makes them vulnerable.”

Government Economic Vulnerable Corporations Globalization Economic Globalization

Book:The Corporation: The Pathological Pursuit of Profit and Power

Source: The Corporation: The Pathological Pursuit of Profit and Power

“As a psychopathic creature, the corporation can neither recognize nor act upon moral reasons to refrain from harming others.”

Reason Moral Creatures Corporations Refrain Psychopathic Harming Others

Book:The Corporation: The Pathological Pursuit of Profit and Power

Source: The Corporation: The Pathological Pursuit of Profit and Power

“The corporation, like the psychopathic personality it resembles, is programmed to exploit others for profit.”

Personality Profit Corporations Exploits Psychopathic

Book:The Corporation: The Pathological Pursuit of Profit and Power

Source: The Corporation: The Pathological Pursuit of Profit and Power

“As institutional psychopaths, corporations are wont to remove obstacles that get into their way.”

Way Obstacles Corporations Remove Psychopath

Book:The Corporation: The Pathological Pursuit of Profit and Power

Source: The Corporation: The Pathological Pursuit of Profit and Power

“The notion that business and government are and should be partners is ubiquitous, unremarkable, and repeated like a mantra by leaders in both domains. It seems a compelling and innocuous idea - until you think about what it really means.”

Thinking Should Mean Ideas Seems Government Leader Notion Partners Compelling Domain Really Mean Mantras

Book:The Corporation: The Pathological Pursuit of Profit and Power

Source: The Corporation: The Pathological Pursuit of Profit and Power

“A century and a half after its birth, the modern business corporation, an artificial person made in the image of a human psychopath, now is seeking to remake real people in its image.”

People Humans Persons Made Real Half Modern Century Birth Seeking Corporations Artificial Remakes Psychopath Modern Business

Book:The Corporation: The Pathological Pursuit of Profit and Power

Source: The Corporation: The Pathological Pursuit of Profit and Power

“These are the elements of an emerging order that may prove to be as dangerous as any fundamentalism that history has produced. For in a world where anything or anyone can be owned, manipulated, and exploited for profit, everything and everyone will be.”

World May Order Dangerous Prove Elements Profit Fundamentalism Emerging

Book:The Corporation: The Pathological Pursuit of Profit and Power

Source: The Corporation: The Pathological Pursuit of Profit and Power