Tuesday, February 14, 2012

The Capture of Corporate Governance - San Diego Law School February 16, 2012 [DOC]

Speech to faculty of University of San Diego School of Law, February 16, 2012. 

"American corporations today are like the great European monarchies of yore: They have the power to control the rules under which they function and to direct the allocation of public resources. This is not a prediction of what’s to come; this is a simple statement of the present state of affairs. Corporations have effectively captured the United States: its judiciary, its political system, and its national wealth, without assuming any of the responsibilities of dominion. Evidence is everywhere..."

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February 14, 2012 in capitalism , CEO Pay , CEO power , corporate governance , ownership , capitalism  |  0 comments  | 
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