Corruption Corporate Corruption - legalized robbery!
How is it possible for corporations to get away with things that would have been illegal a few decades ago? This is easy when the guys who are supposed to be their "watchdogs" are them (the same guys). Most people in high level government positions today are intimately connected with big business. Many of them are former CEOs themselves. Many of the decision makers at the FDA (for example) are former high level employees of the drug companies. (Is this what the industries mean by "self-regulation"?) It's democracy of the rich, enslavement of the rest!
As for the corporations, the CEOs are absolute dictators! That's not the way it is supposed to be. Corporate boards of directors are supposed to be "overseeing" the work of the CEOs. Experts in corporate governance say a director should spend a minimum of four hours per week executing his duties for the board, which includes auditing the companies finances.* It's more likely they (the board) will meet a couple of times a year for an hour or two. They probably meet to determine the CEOs (and his staff's) compensation packages. Then this CEO travels to the corporations where members of his boards are themselves CEOs and sits on their board of directors to determine that CEOs compensation!
· It's a nice tight group across the corporate spectrum! [ ThePeople]
