In the eyes of the law, corporations are people too -- special people with all of the rights of bipeds [plus quite a few more] without many of the responsibilities. If I am reincarnated, I want to come back as a corporation. I could even have a shot at immortality.
On Thu, Sep 22, 2005 at 08:08:00AM -0700, Jim Devine wrote: > ... corporations are legally representatives of their owners > (people). That means that corporate bankruptcy is indirectly a form of > personal bankruptcy. Specifically, just as personal bankruptcy law > gives partial protection to debtors from their creditors, corporate > bankruptcy law (which gives partical protection to corporate debtors) > protects the value of the stock and thus the corporate owners. > > On 9/21/05, David B. Shemano <[EMAIL PROTECTED]> wrote: > > James Devine writes: > > > > >> I am continually amazed how some people on this list are so apt to > > >> attribute opinions to others without any evidence. I'd like to see > > >> quotes from pen-l indicating concern for corporate profit. As far as I > > >> can remember, the only concern has been for workers and customers, > > >> i.e., for people, not corpos. > > > > This is bizarre. I thought the topic of discussion was why so many > > airlines are in bankruptcy and are having so much difficulty making a > > profit, which in turn was exercising a downward pressure on wages and > > benefits. I sensed a concern that this was a bad thing, a critique of > > capitalism, etc. Was I wrong? If I was wrong, what was the point of the > > discussion? > > > > David Shemano > > > > > -- > Jim Devine > "Segui il tuo corso, e lascia dir le genti." (Go your own way and let > people talk.) -- Karl, paraphrasing Dante. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu
