Quote:
Originally Posted by Kumabjorn
Actually, not true at all. Only true if limited to publicly traded US corporations on the Fortune 500 list and that would be just a little more than a 100 companies. Trust or family owned corporations take a long term view, so does Japanese corporations.
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Wrong. A corporation is ONLY beholding to the shareholders. There is no such thing as a 'family-owned' corporation. A corporation is definined by law as a publicly held entity that is a person. The incentive is ONLY to the shareholders. The law requires it. The evidence supports it. A
private company 'may' be different. But corporations are the root of all evil in our modern economy.