[GPSCC-chat] SOPA and PROTECT IP and What Is A Nexus Of Contracts

[Spencer Graves]

On 12/12/2011 7:58 AM, Drew wrote:
>
> John I have my doubts whether any form of corporation is really 
> accountable to anyone. The concept of being accountable to 
> shareholders is largely mythology from what I can see. The CEO usually 
> stacks the Board, and together they do whatever they please or believe 
> is in service of profits
>


       No:  They do whatever they perceive serves their best short term 
interests, though maximizing profits is a common mantra.  Given the 
choice of an action that will make the company boom in the short term 
but has a 10% chance of bankrupting the company and a more conservative 
strategy that will likely provide lower but reasonable profits for the 
long term, they will generally select the more risky strategy, because 
they most likely look like heroes in the short term and can leave with 
their golden parachutes if that fails.


> (with no damn given for people or profits). Shareholders rarely are 
> effective in altering the course.
>


       Correct.


       Spencer


> As I encouraged before, check out the book and movie "The corporation 
> ". I would recommend it as one of our movies of the month.
>
> Green America!
>
> http://JillStein.org
>
> Drew
>
>

-- 
Spencer Graves, PE, PhD
President and Chief Technology Officer
Structure Inspection and Monitoring, Inc.
751 Emerson Ct.
San José, CA 95126
ph:  408-655-4567
web:www.structuremonitoring.com

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