Dodge v. Ford still stands for the legal principal that managers and directors have a legal duty to put the shareholders' interests above all others and no legal authority to serve any other interests - what has come to be known as "the best interests of the corporation" principal.
Joel BakanBy leveraging their freedom from the bonds of location, corporations could now dictate the economic policy of governments.
Joel BakanThe corporation is not an independent "person" with its own rights, needs, and desires that regulators must respect. It is a state created tool for advancing social and economic policy.
Joel BakanThe corporation, like the psychopathic personality it resembles, is programmed to exploit others for profit.
Joel Bakan