Category: Corporate Abuse of Power

Or Are They Already Here?

Craig Barnes says the corporations are coming, and documents in a fine overview how close their breath is to the backs of our necks.  He recounts recent corporate abuses, with government assistance: coal mine owners ensuring the deaths of workers, oil corporations making certain our oceans are poisoned, mega banks apparently defrauding ratings agencies, Goldman Sachs defrauding investors, and this oldie but goodie from earlier this year:

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What If BP Were A Human Being?

 

gulf oil spill

What if BP, the principal corporate entity responsible for the monstrous oil well rupture a mile beneath Gulf of Mexico were a human being, a flesh and blood person instead of a faceless transnational corporation? It’s a fair and simple question, and the answers tell us a lot more about the world we live in.

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Gooey Black Corporate Greed

Corporate persons aren’t like you and I. They have eternal life and legal immunity. No death, no taxes, no joy or pain or moral feeling. No sweat and no tears. When they move their mouths, out come dollars, and we call those dollars speech. But when they stub their toe and bleed, out comes thick black goo in a gusher that could turn the ocean into a dead black pit, and we call that goo petroleum.

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Rep. Michael Capuano Introduces Legislation Requiring Shareholder Approval

HR 4537

Shareholder Protection Act of 2010 (Introduced in House)

HR 4537 IH

111th CONGRESS
2d Session

H. R. 4537

To amend the Securities Exchange Act of 1934 to require the express authorization of a majority of shareholders of a public company for certain political expenditures by that company, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

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