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I would say the U.S. has become blase about corporations not having a social benefit component. They can do really vile things, far worse than a human, and get
by cmurf 8y ago
I would say the U.S. has become blase about corporations not having a social benefit component. They can do really vile things, far worse than a human, and get off with a fine that may or may not be meaningful in inhibiting such behavior in the future. I can't think of a single historical case, which I think would be notable, of a state rescinding the articles of incorporation of a company thereby destroying its shareholders - the corporate equivalent of capital punishment.
Some states do have "social benefit" corporations as a thing, where their charter expressly states how they are to benefit society not merely make profit. But no state makes this kind of incorporation mandatory.
- briandear 8y agoVW is a German company. Nissan is Japanese. VW engineers did their unethical thing in Germany. In the context of this story, your comment fails logically.