...Running Head: POWER FROM PEOPLE 1 Corporate Personhood: Taking Power from the People Cindy Sanders Everest University POWER FROM PEOPLE 2 We the People-scratch that. We the People and Corporations of the United States. Probably more accurate would be, we the corporations and then the people. The way current laws are perceived; corporations hold the power in democracy, and they are put above the actual people of the United States. This is because current laws state that corporations are persons, also known as the doctrine of corporate personhood. Corporate personhood is the term, used to describe corporation’s rights and protections under the Constitution and Bill of Rights ( Encyclopedia of emancipation and abolition, 2011). Corporate personhood recognizes that by law, corporations are entity’s that have the rights to have a name, sue and be sued in court, be a party to contracts, have property ( Encyclopedia of emancipation and abolition, 2011) and participate in the political process without regulation. Thus, corporations are deemed a person under the law, just as individual people. It is common knowledge that the more wealth a person has, the more power they also hold. Corporate personhood takes power away from the people and gives it to buildings and ideas also known as corporations. While corporations bring muchneeded capitol to the United States as a whole, as well to individual states, granting them rights as individuals has rendered them untouchable. Ultimate...
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...diversity can create challenges within an organization. The human resources department (HR) has the responsibility to develop strategies that allow employees to work in a safe, non-discriminatory environment with fair wages. With the development of regulatory agencies, such as the Equal Employment Opportunities Commission and the Department of Labor common sense and compassion has been reinforced with laws and regulations allowing litigation in cases of discrimination, unsafe working conditions, and unequal pay. The enforcement of these regulations by HR seems to have developed a more structured, safe environment. Human resources management (HRM) has the obligation to comply with employment, health and safety legislation. This includes federal, state and local laws that pertain to the many areas of HRM such as benefits, recruitment, and termination. HRM must stay up-to-date with legislation so that the organization is compliant and avoids costly penalties. Federal Regulations Federal laws cover the whole scope of employment, from hiring to termination. These regulations prescribe standards for wages and hours, safety and health, health benefits, retirement, workers’ compensation, working conditions, and discrimination. United States Equal Employment Opportunity Commission The U.S. Equal Employment Opportunity Commission (EEOC) is the governing body that regulates and enforces workplace discrimination. In the United States, it is against the law to discriminate against...
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...Research Paper One: The Role of Federal Regulations in Corporate America ------------------------------------------------- ------------------------------------------------- Richa Chopra ------------------------------------------------- ------------------------------------------------- Kaplan University ------------------------------------------------- The Role of Federal Regulations in Corporate America Introduction Dishonesty, greed, cover-ups, and bail-outs are some of the things that come to mind when we talk about the America's financial economy. Are all the hundreds of pages of regulations laid down by the government working in America's favor or is it just another way for the CEOs and the executives for fortune 500 companies to manipulate the system and its people? The corporate governance system started with the corporate debacles and the ultimate crash of the stock market in the late 1920s. As a result government stepped in and created regulations such as the Securities Act of 1933 and 1934, to the ever so popular Sarbanes-Oxley Act of 2002, to the more recent Dodd-Franck Law of 2010. The aim behind these regulations is noble. They are formed to prevent fraud, misrepresentation, bring more transparency and above all, prevent another financial crisis. But, how successful are these regulations? Are we over regulated or are we in need for more regulation? Investors and common public's faith in our economy and capital markets is shattering, they are demanding...
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...Nissan, which in this case is the automobile industry. We will particularly expand on the political, economic, social and technological aspects. The political environment of the automobile industry encompasses government regulations such as corporate tax and international trade regulations. Worldwide, cars are subjected to corporate tax by the government of approximately 6%. For instance, in Mexico, it is 6.25% (Internal Revenue Service). If the government alters these taxes, it would directly affect the cost of Nissan’s vehicles and thus affect demand of those specific countries. Furthermore, governments impose international trade regulations on imports so to keep their deficit in control (imports – exports). Not all automobile companies have a manufacturing plant in the country they sell to. For example, the US government taxed the US customers with a ‘chicken tax’ of 25% on all Nissan vehicles before the manufacturing plants opened in Smyrna, Canton and Decherd. Even though Nissan has a wide dispersion of manufacturing plants: 36 in 19 countries, it sells its cars to a total of 123 countries. This clearly depicts that Nissan exports to a lot more countries than it manufactures in thus concluding that a change in foreign trade regulations will also along with corporate tax greatly impact Nissan’s demand and revenue. Moving on to the Economic aspect of the automobile industry, we examined the trends in developed countries and developing countries, cost of fuel, exchange rate...
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...Introduction Besides corporate bankruptcy which is the major focus on this paper, an overview of personal review of consumer bankruptcy helps in understanding, bankruptcy trends in both United States and Canada. Every year, over 100, 000 Canadians usually file for a consumer proposal or personal bankruptcy. In 2013, close to 120,000 Canadians filed for a consumer proposal and bankruptcy (Modest Money. 2014). While the percentage of personal bankruptcies dropped by 3 percent, the number of consumer proposals increased by 5.5 percent. This rise in the number of filing for debt relief illustrate a long term trend about the increasing number of Canadians whose debt has grown faster than their earnings. Statistics Canada report revealed that...
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...Regulation in Corporate America Christy Matheny Regulation November 24, 2014 The business world is governed by many stipulations and regulations. When looking at regulations, there are two types of approaches; command-and-control and performance based. The older approach was almost always command-and-control where the government sets prices, quantities and standards. There is a newer approach however, which is performance based. This type of regulation uses forces from the market to achieve their goals; government affects are through taxes, subsides and quotas. This performance based regulation gives more freedom to businesses to meet their standards (Truitt, 2004). When looking into regulation, it is important to take a look at both the positives and negatives. I will first take a look at the positives that are brought on by government regulation. Regulations are always backed by some kind of congressional act, which is put through much scrutiny. Any company has the opportunity to put forth their input on a regulation therefore, giving businesses a huge say in this regulation process (Truitt, 2004). I also believe that the society in general will function better with rules and regulations. This is the main reason I believe there needs to be more regulation in cooperate America. A negative side to regulation however is the high cost. Businesses are spending a lot of their time and money working to follow these strict regulations rather than working to fulfil their duties...
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...religious conservatives who dislike the reformist social agenda embraced by the federal government in the 1960s, as well as neo-conservatives who want a tougher foreign policy.”(Schneider, W. 1987) President Reagan not only stabilized the economy, he pushed for rights of religion, sexuality, women, and drug abuse with a smaller government than today. “In the 1970’s there was a shift in Americans ideas from the New Deal and the Civil Rights movement and toward the sovereignty of the free market and private life.” (Parker, G 2004) “The 1980s created the “me” generation of Americans concerned more of their selves; Thus giving birth to the “yuppie-young urban professional.” (Watson, J.) “Many felt there were almost no limits on the good life they could lead.” (Watson, J.2014) The Political Spectrum today American society today has various political spectrums; even so it would be described more as a post-modernist (post modernism) society. (Liberal ideology) (a long stretch from the 1970’s and 1980’s political spectrum of Communism, and Conservatism to name a few. ) “Post modernism would be considered post World War ll Liberalism the “anti-Leftism.” (Price, 2004) “A product of capitalist culture, todays a society with interests is corporate American Capitalism with “existing post-modernist society and benefits from its continued existence.”(Price, 2004) America was founded on the basis of“freedoms of rights, actions and beliefs, as long as it did not...
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...edu/rjensen/FraudAmericanHistory.htm History of Fraud in America (Edited for use in MBA 590_ NCSU) Bob Jensen at Trinity University Colonial History Earliest "business" fraud in America centered around phony heath cures. Armstrong and Armstrong (1991) document many of the snake oil ploys that commenced soon after the Pilgrims landed on Plymouth Rock. Medical frauds ranging from deceptive medicines to spiritual cures to bloodletting expanded over time to modern day cancer miracle cures and Internet charlatanism. Since early America was largely agricultural, various land schemes accompanied the growing market for deceptive rural living and farming products. As the original 13 colonies were established land was owned by men who had been granted land from the English King. They in turn sold land to individuals and established common areas. Although many of the early dealings were legitimate, it did not take long for land swindles to commence. Swindlers were either buyers or sellers of land. Victims were often new immigrants and Indians who lived on the land before Colonial times. One of the best known frauds was the 1626 purchase of Manhattan Island for trinkets valued at 60 guilders (approximately $24). In this case the Carnarsie Indians from Brooklyn perpetrated the fraud since their land was not even connected to Manhattan Island. But in most cases it was the white men who cheated the Indians and each other. Land swindling grew rampant as America expanded to the west and continues to be...
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...businesses are down-sizing and even closing the doors of peripheral branches. In realizing that there is no way to return to a period of economic prosperity America once enjoyed, it is important to look at the causes of its demise. While there are myriad causes for America’s financial collapse, it is important to focus on the role of ethics, or the lack thereof, in America’s current financial dilemma. Unethical practices, particularly in mortgage lending have helped to directly contribute to the collapse of the American economy. When discussing unethical behavior and the financial collapse of America, few topics receive more attention than the mortgage lending industry, and in that industry, most of the focus falls on subprime lending. Before looking at subprime lending, however, it is central that we look at the evolution of mortgage lending. Because the approach to mortgages has changed, we must take a glance at the past methodology of mortgage lending. As recently as the past twenty years, borrowers seeking mortgage loans would go to their local banker to apply for a mortgage. This banker was oftentimes known on a personal level, and cared very much whether the loan was a good idea, both by the bank and the borrower. As times changed, this was seen as an inefficient business model (Curtis 2). Enter the mortgage broker. As corporate managers continued to seek out ever higher profit margins, mortgage brokerages came into being. Mortgage brokers were charged with the task of seeking...
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...C. Wright Mills proposed the power-elite theory in 1956, which states that there is a power elite in modern societies, an elite who commands the resources of vast bureaucratic organizations that have come to dominate industrial societies. According to Mills, the power elite are the key people in the three major institutions of modern society- military, economy and the government (Mills 1956). It is the elite that occupy these leadership positions within the bureaucracies. Although this theory was proposed in what may have been a simpler time, the structure of power in America remains very much the same, as does the close relationship between the military, corporate, and government elites. Mills placed the military as one of the triumvirate groups that comprised the power elite. The military has been elevated to a position of prestige and power and the present class of professional soldiers has had an impact that is far greater than just military affairs. In World War II, large corporations tied to the defense industry rose in power and influence and formed the origins of what President Eisenhower called the military industrial complex (Swanson). The war brought a bureaucratic centralization of power. In more recent times, the demands of foreign affairs, the dangers of potential adversaries, the sophistication and mystique of new weapons, and especially the development of the means of mass destruction have all given power to our highest military leaders (Reynolds). Corporations...
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...article “The Greed Cycle” is an in depth look of the advancements in the ways business compensates its heads of industry. The article links the trend of corruption among executives when there was lax regulation, and methods of fixing numbers. The question that is purposed by the article is if greed comes naturally; or if it is an evolution that corporate America creates. It is true that the creation of Sarbanes-Oxley has significantly prevented the events that occurred regarding CEOs and the stock option crisis. There have been numerous recent events, however, that have occurred with CEOs and others alike make me believe John Cassidy’s theory that there is validity to his theory of a greed cycle. The problem was regulation; there were none. Stock options were engaging executives in achieving the goals of the company, while also allowing the company to not count their stock options as a corporate expense. It was a win- win situation for both executive and company. Because of this the stock option plans for executives were an emerging trend for most well known companies. How government officials purposely denied the idea from the Financial Accounting Standards Board (F.A.S.B.) to count stock options as an expense is hard to fathom. When has there ever been a time the government not wanted to receive their share of someone’s fortune? The greed of senators receiving money from lobbyist helped the system stay intact in 1994: after they threatened to shut down the F.A.S.B. The...
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...V, PGP/17/248 TABLE OF CONTENTS 1. INTRODUCTION 2. ROLE OF CSOS IN BUSINESS GOVERNMENT INTERFACE 3. LOBBYING - INTRODUCTION 4. ETHICAL IMPLICATIONS OF LOBBYING 5. EXAMPLES OF LOBBYING 6. ACTIONS BEING TAKEN TO CURB THE UNETHICAL ASPECT OF LOBBYING 7. CONCLUSION & RECOMMENDATIONS 1. INTRODUCTION The growth and function of every business is highly dependent on the government. A large number of government actions in addition to laws and regulations affect companies’ finances. There are several reasons behind regulation of business by the government. 1. Public safety and welfare: Many industries are regularly reviewed and overseen because their activities, if they go skewed, can have detrimental effects to human health, financial well-being, or community structure. [21] 2. Protecting industry: Many regulations are in place to protect those who have developed their business correctly; licensing, permits, and inspections by the government clear out criminal activities that challenge truthful industries. [21] 3. Revenue generation: Many programs require certification or licensing that businesses must pay for in order to operate. The funds collected go to pay for the government programs that perform the oversight of the particular industry. However, in many cases, some portion of revenue is also deflected to general government purposes and is, effectively, a tax. Businesses, on the other hand, may consult...
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...Connie Burkey Unit 3 Regulations in the Industry of Accounting Research Paper Professor Lerner When looking at the regulations that the government has set down in the accounting sector the old saying “rules are made to be broken comes to mind. Like the rules that are created in the home or for society as a whole, government regulations are set in place to ensure that transactions are being conducted in an honest and lawful manner, and to give a sense of accountability to everyone. These laws that were created by Congress may negatively work for one party and positively affect another. In most cases these regulations are put in place to protect the investor and consumers, and to provide repercussions for a business that does not follow these regulations. Over the last few years, we have seen numerous businesses and individuals, such as Enron and Martha Stewart, who found loopholes around the government regulations that gave them the opportunity to commit the unlawful acts they were involved in. Even with all of the technologically advanced systems set in place individuals in corporate America continue to engage in scandalous behaviors. It has become increasingly obvious that the number of fraudulent activities committed by businesses is on the rise. With, the addition of globalization in the market becoming ever popular, we shall truly start to see that will bring forth cultural clashes that will bring about a new set of problems. I believe with all the different...
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...the article “Data Deprivation” By Herbert Schiller, he argues that in industrialized nations, the rise of corporate decision making has become stronger and more influential than government authority, this is especially prevalent in the arenas of communication, in particular the dissemination of information. As a result the information which usually comes from the same source(same corporate powers) are able to utilize this power by making their own actions and authority covert while actually diverting the public's or society's attention away from much needed socially beneficial and essential information. Schiller constructs his argument by discussing data deprivation and how freedom of expression is often seen as having the vulnerability of being impinged on by the State. As a result individuals and social movements throughout time have battled against the amount of censorial power a state can yield over its citizens (Schiller, 1996). Presently, the more powerful yet seemingly subtle threat to freedom of expression is not the State but rather private corporate powers, “Today, the power of huge,private,economic enterprises is extended across national and international boundaries, influencing and directing economic resource decisions, political choices, and the production and dissemination of messages and images” (Schiller,1996).Corporations use the guise of governments as being the only source of hindering individual expression. Two examples given are that the corporation...
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...independent businesses. With different rules, laws and regulations in these different parts of the world, corporations thrive on this to help towards their massive company profits. Some things that are not allowed in the US are allowed in other parts of the world. Sometimes there are ethical perspectives that shine a light on a corporation where a lot of people do not believe in the company’s perspective and how they produce and supply their product or service. Perspectives in the Global Organization In today’s corporate structure in many companies that are in the world today, the bottom line in the company is to be profitable with watching companies cost. If you look at the ABC show “Shark Tank” you see this with the entrepreneurs they have on the show when these people trying to start their business and the first question what is asked of them is what it costs to make their item and what they are selling it for and what the profit margin is. Corporations are worried about what it costs them to do something and what it brings for profit to the company. That is why a lot of companies have gone multinational to lower a company’s cost. Time Warner Cable the second biggest cable company in America is a multinational company believe it or not. They outsource their call centers to Mexico and the Philippines because they can pay their employees less money in these areas then what they would have to pay if the center was in America, which in turn means more profit for the company....
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