> continues to go unchecked as though it were law, which it is most certainly not.
On the contrary, Andrew, corporations are chartered through a particular state's corporate code. In every case I'm aware of, the shareholders are the ones who own the company. The "stakeholders" (employees, customers, neighbors) have legally defined rights, which do not include ownership. So it most certainly IS law.
The US Constitution was interpreted by the US Supreme Court to allow corporations to incorporate in the state of their choice, regardless of where their headquarters are. Over the 20th century, most major corporations incorporated under the Delaware General Corporation Law, which offered lower corporate taxes,
These 181 CEOs: did they have any rule-making authority? Or was that result just the opinion of 181 people?
What about all the corporations and single-proprietor businesses that were not part of that? Or the state of Delaware, whose laws govern most of them? Not to mention the Congress and the courts.
On the contrary, Andrew, corporations are chartered through a particular state's corporate code. In every case I'm aware of, the shareholders are the ones who own the company. The "stakeholders" (employees, customers, neighbors) have legally defined rights, which do not include ownership. So it most certainly IS law.
From https://short-facts.com/how-many-major-corporations-are-ther...:
The US Constitution was interpreted by the US Supreme Court to allow corporations to incorporate in the state of their choice, regardless of where their headquarters are. Over the 20th century, most major corporations incorporated under the Delaware General Corporation Law, which offered lower corporate taxes,
These 181 CEOs: did they have any rule-making authority? Or was that result just the opinion of 181 people?
What about all the corporations and single-proprietor businesses that were not part of that? Or the state of Delaware, whose laws govern most of them? Not to mention the Congress and the courts.