Category: Corporate Abuse of Power

Yes! Magazine covers our call to revoke the corporate charter of Massey Energy

"A second tool to discipline corporate wrongdoers is charter revocation…. State governments have the right to revoke charters from companies that do not serve the public interest. Free Speech for People has petitioned Delaware to revoke the charter of Massey Energy. Charter revocation effectively constitutes the death penalty for a corporation. Even occasional use against large corporations would be a major deterrent to corporate wrongdoing."

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Join the call to revoke Massey Energy’s corporate charter!

Yesterday, the parent company of Massey Energy agreed to pay $209 million in criminal penalties, civil penalties, and compensation to the families of the 29 miners who were killed when its Upper Big Branch coal mine in West Virginia exploded on April 5, 2010.  The company was also fined an additional $10.8 million yesterday by the U.S. Mine Safety and Health Administration — the largest fine in that agency’s history.

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Editorial: Challenging Corporate Personhood

MetroWest Daily News

November 17, 2011

Republican presidential candidate Mitt Romney caused a stir when he told a crowd in Iowa that "corporations are people, too." He went on to explain that corporations employ, serve and are owned by people, which is true enough, as far as it goes.

In Citizens United, the U.S. Supreme Court went further, decreeing that, since corporations are people, they are endowed with all the rights under the First Amendment, including the right to spend corporate money on political activities without limits.

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