Transcript What is a CORPORATION?

What is a CORPORATION?
Definition:
In terms of the New World Order, the largest Transnational
Corporations (TNCs) are central players. They influence the
policies of governments worldwide; they help to order the
agenda of the World Trade Organization. They influence the
destinies of individual economies in the developing world
(LEDCs), they set wage-levels, which can cause the first world
(MEDCs) to bend to their demands, and so on.
From: Douglas Lewis
University of Sheffield, UK
Some facts about corporations
Of the world's 100 largest economic entities, 51 are
now corporations and 49 are countries.
Rank
Country /
Corporation
GDP / sales
($million)
1
United States
8,708,870
2
Japan
4,395,083
3
Germany
2,081,202
23
General Motors
176,558
24
Denmark
174,363
25
Wal-Mart
166,809
26
Exxon Mobil
163,881
27
Ford Motors
162,558
33
Saudi Arabia
128,892
42
Portugal
107,716
43
Royal Dutch Shell
105,366
53
IBM
87,548
…far away…
Afghanistan
8,800
Sources: Sales: Fortune, July 31, 2000. GDP: World Bank, World Development Report 2000.
How it works: the key corporation members:
The Shareholders
Invest in the corporation by buying stocks*
 Select
The Board of Directors
Accountable to the shareholders
 Selects
Chief Executive Officer (CEO)
Responsible for running the company
Makes all the major decisions
Accountable to the Board of Directors

Managers

Employees
The AIMS of a corporation:
Make lots of profit for the shareholders !
How?
By buying stocks at low
prices and selling at high
prices.
M. Moore, The Corporation, 2004.
Anti-corporation campaign
An example: Coca Cola
Gruesome: épouvantable
RIP:
Rest In
Peace
Give your opinion on this statement:
An ingenious device for obtaining individual
profit without individual responsibility.-"Corporation" as defined by Ambrose Bierce in
The Devil's Dictionary
Test
Happy New Globalizated
Year
Artist: Best of Latin
America
Attribution: Best of Latin
America,
Date: January 2, 2005