ITF
2009-10-13 21:10:56
“If its executive wants to give those profits to a political party..OK.”
Perhaps for a privately held corporation. If I’m a stockholder in a publicly traded corporation, I bloody well do object. And I will vote my proxies accordingly.
The purpose of a corporation is to maximize shareholder value. Anything else, including political advocacy beyond direct business purpose, is a violation of executive management’s fiduciary responsibility.
The same applies to union management’s misuse of member’s dues. Oleg’s discussion in #7 above is spot on.
