Comments are closed for this entry
View All
Favorites
Recency  | 
Popularity
Page:  « First  ‹ Previous  1 2 3 4  Next ›  Last »  (4 total)
01:38 AM on 07/23/2013
Delaware is a haven for corporations because it has such weak laws governing corporate power while granting corporations special rights that no citizen has such as limited liability.

The government creates corporations and gives them special powers and then refuses to regulate them but will bail them out and give them subsidies.
12:44 AM on 07/24/2013
I know, it really is ridiculous.
01:29 AM on 07/23/2013
".. to maximize value for shareholders". The concept of profit AND responsible citizenship is not
new by any means. MORE regulation is what's done when there's no intention to enforce existing
laws. We can have whatever kind of society we want. We still have a choice.
Hog raising is an honorable profession,. but we can't let the hogs run the farm.
photo
HUFFPOST COMMUNITY MODERATOR
Todays Illusion
Ordinary and undistinguised citizen.
01:22 AM on 07/23/2013
Nice idea, our multinational near monopoly mega corps and banks are not going to allow it.  They are attacking credit unions as unfair competition, so will these be, attacked as unfair competition.  The corporate big boys have been undermining cooperatives for decades and will continue. 

They are not after a free market,  they are after the ultimate seller controlled market...amusingly, it sounds just like socialism.
Unregulated capitalism's natural progress it to monopoly.
08:32 AM on 07/23/2013
They are attacking credit unions? Where. Let us know so we can picket whoever is doing it. Leave OUR credit unions alone.
photo
HUFFPOST COMMUNITY MODERATOR
Todays Illusion
Ordinary and undistinguised citizen.
12:40 AM on 07/24/2013
Search using:  Bank of America Credit Unions
In the news in the last 2 wks.
HUFFPOST SUPER USER
gateking
11:12 AM on 07/23/2013
Actually, they'll just laugh off these minor lala land companies. You're free to invest in them if you want.
01:12 AM on 07/23/2013
This idea is long over due...That corporations should only have one purpose and that is to maximize profits for their shareholders is insane. People have to realize the long term effects of this kind of thinking and realize that by investing in corporations whose only goal is profit they are responsible for the environmental and social damage caused by such short term thinking. I think corporate America might just be surprised by how many of us would be willing to invest in companies that have a more balanced long term approach. Muhammad Yunus the founder of the Grameen bank in Bangladesh has been a big proponent of this idea, for quite some time......
01:40 AM on 07/23/2013
People need to realize that GOVERNMENT creates all corporations. You can create a private business without government but ONLY the government can create a corporate charter.

So big government == big corporations.
photo
jimtpat
Hell's Pretty Pink Bells
03:13 AM on 07/23/2013
A big problem with having the sole purpose of maximizing profits for their shareholders is that only that one group can stop a corporation from maximizing profits for its upper-level staff and with so many shareholders coughing up their proxies to corporate hacks, that's just not happening.

When you can ignore everyone else, it becomes easy for management to shortchange the owners.
12:46 AM on 07/23/2013
......though, it does seem that if we enforced existing laws against monopolies, deceptive practices, and corporate over reach, we might just accomplish the same thing :-)
photo
jimtpat
Hell's Pretty Pink Bells
03:16 AM on 07/23/2013
You use the term "we", but most readers here don't vote in Delaware, so "we" have little control over that state's corporate charters and laws. And the Federal Securities and Exchange Commission is loathe to interfere in state matters.
12:25 AM on 07/23/2013
....may not be the final answer, but it is time to return to the age when corporations served consumers and society rather than having society and consumers serve corporations and the 1%.
photo
HUFFPOST SUPER USER
chaotician1
11:52 PM on 07/22/2013
LOL I assume this is primarily a PR stunt; the notion of any "modern" corporate doing anything that had common good as any kind of goal beyond a means to loot a public treasury is ridiculous! Any business person, especially anyone qualified to be a "professional" manager, are trained, designed, and selected for their complete lack of integrity, honor, and care for any community assets or employees! Goals beyond the next quarter are invisible, products and services are merely the means to collect money to play with for really profits, loyalty to community is not even on the board!
photo
jimtpat
Hell's Pretty Pink Bells
03:19 AM on 07/23/2013
That's why Delaware is creating a new legal entity here. Re-read the article.
HUFFPOST SUPER USER
OH72
04:43 AM on 07/23/2013
Hardly. That might apply for publicly traded companies, but not for all businesses out there.
This user has chosen to opt out of the Badges program
11:52 PM on 07/22/2013
Stupid.

Yes, let's have more government involvement in how our businesses are run, because God knows how well that is working out with the new health care law and all of the existing regulatory hurdles that a new company must jump in order to even open its doors.

Non-profit companies exist already, and people are welcome to start them and do public service if they wish. This new company just puts more government restraints on a corporation and adds a good bit of politics to the mix, as well. About as good an idea as public unions, ripe for collusion between the owners and the politicians.
12:29 AM on 07/23/2013
Drunk on Republican propaganda. Sober up and take a look at what's really going on!
01:41 AM on 07/23/2013
Yeah, corporations ARE the government. Go try to issue stock without a corporate charter. You'll go to jail. And who issues corporate charters? Oh yeah, the state does.
12:48 AM on 07/23/2013
Yes, you are.
photo
jimtpat
Hell's Pretty Pink Bells
03:22 AM on 07/23/2013
I agree: His screen name and first sentence go very well together.
photo
artleads
Let's have a national retreat.
11:19 PM on 07/22/2013
Corporations and industry need to be run by non-profits, and workers should be in it only to do public good.
01:42 AM on 07/23/2013
Exactly. Since the government creates corporations when it issues corporate charters they need to be heavily regulated. Businesses should be private and not corporate.
photo
artleads
Let's have a national retreat.
10:34 AM on 07/23/2013
Thanks for clarifying the issue!
photo
bluecollarpeep
hiding from the global cult of eternal suffering
09:19 PM on 07/22/2013
At least someone is trying something. Since we don't have smart capitalists to run this system at the moment, the dog-eat-dog mentality might just as well be nationalized or state-ized. However, it's the stalling by Republicans on the national level that should be set aside somehow. We are so done with this.
06:36 PM on 07/28/2013
I find your mentality sadly defeatist! That's exactly what they want us to do; give up and embrace them. And, we are so far gone, I would practically agree with you, but unfortunately this is not that. This is merely a PR spin on corporations by DELAWARE, where 50% of corporations are already incorporated because of the tax breaks, and this is just another campaign to solidify Delaware's top-position as the go-to location to incorporate. This new corporate format does not direct any additional profits to the State or the People (in fact, it probably offers yet new tax-breaks), and the author, who is in the know, is so light on details and how this will be enforced and what oversight there will be, it probably does nothing at all except try to give us all a warm fuzzy feeling about getting corporately r****.
photo
bluecollarpeep
hiding from the global cult of eternal suffering
09:34 PM on 07/28/2013
well we make quite a pair then; you and your snarkyness. LOL Rock on!!
photo
seraphimblade
To fight the war on terror, stop being afraid.
07:38 PM on 07/22/2013
This should not be an "option".

We, as a society, grant certain benefits to corporations, including the huge one that the owners of the corporation are not personally liable for its debts.

In return, we can and should demand that such entities act with a baseline level of social responsibility. Instead, it seems to be decided that corporations should act for the sole benefit of the shareholders--the ones who are -already- receiving the limited-liability benefit.

It is long past time to rethink that. Companies should not be allowed (let alone required) to dump on their customers, employees, and society, just to squeeze out a few extra bucks in dividends. There are a lot more people involved.
01:43 AM on 07/23/2013
Exactly. This nation lost its way when we started to see corporations as businesses. They are not. Corporations are part of government.
06:36 PM on 07/28/2013
Hear hear!
photo
HUFFPOST SUPER USER
smald4lib
07:30 PM on 07/22/2013
The question is when are Americans going to be fed up with this globalist government that pretends it nationalist when it's election time and then acts as a shill for the multinational corporations, allowing jobs to leave the country for profits on Wall Street.

Americans use to be proud of our industrial ingenuity and productivity and now we are becoming a shell of what we use to be, and the financial sector is rent seeking all of us, and the government is seeing its revenue decline because these globalists don't want to pay taxes, along with the donor class and their capital gains taxes.

What happened in Detroit is what's going all across this country, and to a great degree in other countries as this corrupt capitalism spreads out among the third world and income inequality is worse for them than it is for us.

We need to start electing people who are pro America, not pro corporations that have board members who only want to use our country as a stepping stone to move into the third world, leaving the US full of ghost towns and debt from their tax .avoidance schemes. America first, not last.

So a say to you when are we going to get tired of our anti nationalist elected representatives and start putting people in office that will push for a renewed industrial base and nationalism that America is a great nation and is tired of the phony globalist policies that favor mutltinational corporations.
martman1
retired business owner
photo
HUFFPOST SUPER USER
smald4lib
12:35 AM on 07/23/2013
I read the book............Free Trade Doesn't Work
05:42 PM on 07/22/2013
What is "the public", and why would you want to benefit it?
photo
HUFFPOST SUPER USER
DarrylP
11:18 PM on 07/22/2013
You are the public. You drive across the bridges, you breathe the air, and sometimes you need medical care. As do we all. You benefit from food pantries that feed the poor whether you contribute or not. You benefit from the companies in this article who do good things while not burdening you with taxes. You are the beneficiary. You are the public.
12:54 AM on 07/24/2013
Because otherwise we have Somalia.
This user has chosen to opt out of the Badges program
photo
05:28 PM on 07/22/2013
Pathetic, I know, but this article brought tears to my eyes.

A lot of the comments I make on Huffpo are in direct response to what I believe is the most dangerous threat to the overall quality of life in America, and that is the rampant and unrestrained downward spiral that corporate capitalism has been leading us down. That same capitalistic attitude has even begun to infect our American personal lives and I actually had one other commenter respond to me about how he considers his Family a business and runs it as such. Sad.

But THIS concept gives me a bit of new hope that perhaps as a nation we won't end up as the "Company Town" I fear we are heading toward, and that perhaps, hopefully, this idea that Social Responsibility is as much, if not more, important than individual profiteering will break the trend of 'acceptable' greed we have so blindly built upon since the 80's.

Kudos, Delaware!
photo
HUFFPOST SUPER USER
smald4lib
07:44 PM on 07/22/2013
You may want to check Richard D. Wolff, a professor of economics, on free speech radio. He is very easy to listen too and explains what is happening to our country as capitalism becomes more draconian. He talks about COOPs and how they can change the landscape of how we work and live by injecting democracy into the work place. The capitalists don't want us to know but there many COOPs thriving in the world as we speak. You can find him at democracyatwork.com
This user has chosen to opt out of the Badges program
photo
08:07 PM on 07/22/2013
Thanks!

I'll look him up right now!
08:27 AM on 07/23/2013
Yes, co-ops and employee-owned companies. The best new model for America and the World. No investors wanted or needed.
photo
HUFFPOST SUPER USER
LMSinDE
08:31 AM on 07/23/2013
Well we're lucky here in Delaware. The Tea Party has a small enclave in the southern part of our state but not enough to wield any power over winning statewide offices or hijacking our state congress. Republicans who have been successful statewide are the old school Republicans back when they truly believed that conservatism was less government spending and less intrusion on civil rights. Those type of Republicans left their bibles at home when they went to work instead of dragging them along and forcing their beliefs on others.

Markell has been a great governor but not without fault. He has brought more civil rights to our state but did have a big setback with the Fisker Deal which was suppose to bring back Automotive jobs to our state. But I would re-elect this guy again and again. He's a really nice guy and I'm in a state where it's not uncommon to run into him at various events. That's the nice thing about being in a small state.

Thanks for your great comments!
This user has chosen to opt out of the Badges program
photo
09:28 PM on 07/23/2013
Sounds like Delaware has some very reasonable and intelligent folks living there, yourself included.
05:01 PM on 07/22/2013
It's a little late. 400 citizens now have as much cash and assets as 150 million citizens, combined. The 1% own almost the entire financial system and industry while they suck up hundreds of billions from our, privatized and ruined military. An entire generation has no viable education. Almost every vocational high school has been shuttered and there are no serious infrastructure projects in place and none being planned for the magnitude required (see: global warming) The 1% off shored more economic sectors than any nation on Earth. Jimmy Carter just said what most of us know, that we no longer live in a democracy, therefore, we are in great danger. Obviously, the President is an intellectually archaic and morally secluded individual, just along for the ride. You are in La La Land with the President and the talking while the bottom falls out.