Tuesday, April 22, 2008

Corporate Greed

I am for free markets. I am not for individuals who conduct business in an unethical manner. There are plenty of opportunities out there for many people to have success. My theory is that the charter that corporations abide by "increase shareholder's wealth" is not clear enough. In order to increase shareholder's wealth over a long period of time, a company must be prudent and conduct business in a ethical manner. If you want quick returns, which is what many corporations strive for, you will have corruption and greed. That is why you see the CEO turnover, out of control executive salaries. and the mass layoffs in many corporations.

The people and the government have the responsiblity to keep these corporations in check through purchasing power and regulations.

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