Corporate Irresponsibility: America's Newest Export

Corporate Irresponsibility: America's Newest Export

by Lawrence E. Mitchell
     
 

Corporations are often so focused on making short-term profits for their stockholders that they behave in ways that adversely affect their employees, the environment, consumers, American politics, and even the long-term well-being of the corporation, says Lawrence Mitchell in this provocative book. This is a significant issue not only in the United States but also in… See more details below

Overview

Corporations are often so focused on making short-term profits for their stockholders that they behave in ways that adversely affect their employees, the environment, consumers, American politics, and even the long-term well-being of the corporation, says Lawrence Mitchell in this provocative book. This is a significant issue not only in the United States but also in the world, for many countries are beginning to emulate the American model of corporate governance. Mitchell criticizes this emphasis on profit maximization and the corporate legal structure that encourages it, and he offers concrete proposals to bring about more socially responsible corporate behavior.

Mitchell declares that managers should be freed from the legal and structural constraints that make it difficult for them to exercise ordinary moral judgment and be held accountable for their actions. He suggests, for example, that earnings reports be required annually rather than quarterly, that the capital gains tax be increased on stocks held for fewer than thirty days, and that elections of corporate boards of directors be held every five years rather than every year. Mitchell places the problem of corporate irresponsibility within the broader context of American life and demonstrates the extent to which contemporary corporate behavior represents a corruption of our cherished liberal values of personal freedom and individuality.

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Product Details

ISBN-13:
9780300090239
Publisher:
Yale University Press
Publication date:
12/28/2001
Edition description:
New Edition
Pages:
320
Product dimensions:
5.90(w) x 8.60(h) x 1.10(d)

Table of Contents

Introduction1
Pt. IGroundwork: The Philosophy of the American Corporation
1American Liberalism and the Fundamental Flaw - The Foundation of the Corporate Problem19
2The Perfect Externalizing Machine49
3Corporate Psychology 101, or All the Corporate World's a Stage: The Constraints of Role Integrity66
4Is Wealth a Value?84
Pt. IIStructural Traps in the Name of the Law
5Corporate Managers: Dr. Jekyll or Mr. Hyde?97
6Traditional Stockholders: The Night of the Living Dead135
7The New Stockholder: King Kong with a Quotron165
8Abandoning the Stockholders185
9The Dilbert Society? America's Corporate Workers208
Pt. IIIAmericans Abroad
10Capitalism, Socialism, and Democracy253
11America Right and Wrong: Growing U.S. Economic Imperialism262
Conclusion276
Notes279
Index299

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