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The Corporation

MBA Reading Notes

The Corporation

Introduction

Faults of corporation run much deeper than greedy and corrupt individuals.

Purpose of this book:

Explore what the corporation, as an institution, truly is.

Chapter 1

History of Corporations:
17th-18th Century
Bubble Act-criminal offense to create a company “presuming to be a corporate body”
New Deal-1934 Roosevelt curbing the powers and freedoms of corporations.

How did corporations become so powerful?:

Through opportunities:
-Combines capital, economic power of unlimited numbers of people
-Industrial breakthroughs-steam driven engine-steam locomotive
-Bubble Act repeal in 1825
-Risk was limited to value of shares
-Public relations strategies to overcome public dissatisfaction and trust
-1979-80-Thatcher and Reagan-deregulation and privatization
-GATT-General Agreement on Tariffs and Trade-freedom from the bonds of location
-WTO-bar regulatory measures that might restrict the flow of......


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Approximate Word Count: 1245
Approximate Pages: 5 (250 words per double-spaced page)

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