Unveiling the Corporate Plunder: How the Siphoning of American Businesses Became a Rampant Norm

 <meta name="keywords" content="Corporate Looting, Business Corporation, Corporate Greed, Economic Inequality, American Economy, Billionaires, Wealth Concentration"> <p><img class="YQLzN _0J49M _0EB9Q Qa8V0" alt="Book Cover: How The Looting Of The Business Corporation Became The US Norm And How Predatory Value Extraction: How The Looting Of The Business Corporation Became The US Norm And How Sustainable Prosperity Can Be Restored" width="1360" height="900" src="https://tse2.mm.bing.net/th?q=How-The-Looting-Of-The-Business-Corporation-Became-The-Us-Norm-And-How&amp;w=672&amp;c=7&amp;rs=1&amp;p=t0&amp;dpr=1&amp;pid=1.7&amp;mkt=en-US&amp;adlt=on"> </p> In the annals of American history, the concept of the business corporation has undergone a profound transformation. Originally conceived as a legal entity designed to facilitate commerce and innovation, it has morphed into a formidable instrument of wealth accumulation and corporate control, leading to a stark imbalance in our economic system. <h2>The Rise of the Shareholder Supremacy Doctrine</h2> A pivotal moment in this transformation was the emergence of the shareholder supremacy doctrine. This principle, enshrined in corporate law, dictates that the primary obligation of a corporation is to maximize shareholder value, often at the expense of other stakeholders, such as employees, customers, and the community. <h2>Unleashing the Executive Pay Explosion</h2> Armed with the shareholder supremacy doctrine, corporate executives seized the opportunity to enrich themselves through exorbitant salaries and bonuses. This phenomenon has created a vast and growing chasm between the compensation of top executives and the wages of ordinary workers. <h2>Hostile Takeovers and Asset Stripping</h2> Another sinister tactic employed by corporate raiders has been hostile takeovers. These predatory acquisitions often result in the dismantling of acquired companies, with their assets sold off to the highest bidder. This practice has led to job losses, plant closures, and the erosion of American manufacturing. <h2>The Erosion of Worker Protections</h2> As corporations have gained unfettered power, the protections afforded to workers have diminished. Unions have been weakened, wages have stagnated, and benefits have been slashed. This has contributed to the growing economic insecurity felt by many Americans. <h2>Wealth Concentration and Economic Inequality</h2> The relentless pursuit of shareholder value has exacerbated wealth concentration in the hands of a select few individuals. This trend has widened the gap between the wealthy elite and the rest of society, leading to a society marked by stark economic inequality. <h2>The Need for Corporate Accountability</h2> The rampant looting of American businesses has had dire consequences for our economy and society. It has eroded economic justice, stifled innovation, and undermined the well-being of countless individuals. It is imperative that we demand corporate accountability and implement policies that prioritize the interests of all stakeholders, not just shareholders. "How The Looting Of The Business Corporation Became The Us Norm And How" provides a chilling expos&eacute; of the corporate plunder that has plagued American society. Through meticulous research and compelling narratives, it unmasks the insidious ways in which corporations have subverted our economic system for their own gain. This book is a clarion call for action, urging us to challenge the unchecked power of corporations and restore balance and fairness to our economy. By shining a light on the corporate looting that has become rampant in our nation, this book empowers us to demand accountability and forge a more just and equitable economic future for all Americans.

Predatory Value Extraction: How the Looting of the Business Corporation Became the US Norm and How Sustainable Prosperity Can Be Restored

by William Lazonick

4.2 out of 5

Language	:	English
File size	:	3878 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	251 pages
Lending	:	Enabled

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