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Berle-Dodd Debate: Case Study

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After reading Berle-Dodd debate, I feel it goes both ways it helps the Public Service entity that exists to serve the public and the shareholder interests as well but it really helps the Public Service entity more than anything else. In the debate surrounding question involves two competing versions of the corporation one in which said, “the corporation is viewed as the property of the individuals who purchased its shares—the stockholders or owners” (Should Corporations Serve Shareholders or Society?). So that means that the corporation’s purpose is to predominantly increase their wealth and advance the financial interests of the owners. For example, both Kerr-McGee and Anadarko are oil and gas-based companies that only serves shareholders. The reason why is that the shareholders puts money in to that company to make them the best of the best and keep them up, running and increase their wealth. (Should Companies Serve Only Their Shareholders or Their Stakeholders More Broadly?) …show more content…
So that means that most people viewed and believed that the corporate law should be “deliberately responsive to public interest concerns,” which includes health and safety considerations. (Should Corporations Serve Shareholders or Society?) For example, Walmart helped a lot of people when Hurricane Katrina hit they donated around $20 million in cash donations, as well they gave around 1,500 truckloads of free merchandise as well including food for 100,000 meals, and at last, they guaranteed occupations for the greater part of its uprooted specialists. (Barbaro, M., & Gillis,

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