The Vanishing American Corporation Summary

Money as the single bottom line is increasingly a thing of past. Pursued profit leads to unethical management, propagate false or misleading information, bad corporation reputation, unstable employment, reducing long run profit etc.

Netflix was founded in 1997 with the intent to revolutionize the way in which consumers watch movies and television shows. Their accomplishments both in innovation and in customer base for their service indicate that the firm has been, and continues to be, successful in doing so. Currently, the

Throughout history, major corporations have taken control over nations. During the late 1800s and early 1900s big business have made a name for themselves in the united states. Even though, major corporations have had a positive impact on society, they in fact hurt our economy greatly.

According to Ho (2009), “The takeover movement culturally commoditized and transformed the very definition and purpose of a public corporation; the corporation became its quickly exchangeable stock in the financial markets, and its primary mission was to increase its stock price.” (p. 129-130). Corporation is much more than an exchangeable stock as it employees billions of people around the world, has a significant input into the world’s economy and produces the goods consumed by billions of people around the world. As it was argued by Michael J. Sandel in in the article of “How Markets Crowd out Morals”, some goods cannot be commoditized without losing its intrinsic value. In this case, corporations became commoditized at the cost of society's

Corporations were bloated, oversized, owned too much, employed too many people, and were weighed down with too many things

With advanced technology comes the globalization and moving businesses to third world countries from U.S. This movement caused the rate of unemployment to rise and people see themselves in struggle to take care of their families. These issue are the complex of corporations in America. After seeing the movie (The Corporation) based on the book written by Canadian Professor Joel Bakan, we see that corporations are institutions that creates great wealth and profit but in the other hand causes enormous and hidden harm to people. Corporation cannot be imprisoned for criminal activities. Corporations are not humans they are designed by law to be concerned only for their stockholders. This is the issues that we see in our modern society the rich

1. Netflix’s original marketing strategy offered several flat-rate monthly subscription options; in which, members could stream movies and shows via the Internet or have disks sent to their homes in a pre-paid and pre-addressed envelope. Free from the despair of due dates and late fees, members could keep, up to, eight movies at a time. Upon the return of a disk, Netflix would automatically mail out the next movie from the customer’s video queue. Members were able to change and update their queues as frequently as they liked. The sheer innovation of Netflix’s strategy encouraged several competitors to enter the market to compete directly,

A corporation was originally designed to allow for the forming of a group to get a single project done, after which it would be disbanded. At the end of the Civil War, the 14th amendment was passed in order to protect the rights of former slaves. At this point, corporate lawyers worked to define a corporation as a “person,” granting them the right to life, liberty and property. Ever since this distinction was made, corporations have become bigger and bigger, controlling many aspects of the economy and the lives of Americans. Corporations are not good for America because they outsource jobs, they lie and deceive, and they knowingly make and sell products that can harm people and animals, all in order to raise profits.

Can business thrive by profit alone? Barry (2000) described Milton Friedman’s short essay, in the 1970’s, as extremely controversial, in which he denied that corporate executives had any moral duty to relax the conditions of profit maximization on behalf of the wider interests of society. This example of the “bottom line” of business has been demonstrated within the past couple of decades by publicly criticized companies, for fraudulent activities, such as, Enron, WorldCom, and HealthSouth along with many others. These company executives were willing to sacrifice the vast majority and greater good of society for profit gains. This mindset left many of loyal investors, consumers and employees without a sound stabilized future. There are also many businesses that produce a high yield on their investments;

In the film The Corporation it shows many examples of corporation taking advantages of various things as if it was psychopath destroying everything in its path. The Corporation we can see corporations building up countries by creating sweatshops, but once the communities becomes more stable and higher wages are being demanded, corporations than can leave the country to find poorer and a cheaper workforce. This creates a devastating effect to the workers increasing unemployment and more poverty. Not only are corporations creating poverty, but they are causing pollution in the air and water. Even administration or ceo are not fully aware of all the actions that are being taking place. In every corporations their are good apples, but an overwhelming

The 2003 Canadian film documentary, The Corporation, is about the modern-day corporation. It critiques that it is considered to be a person, but since it has so many disregards to the human well-being and only cares about making as much money as possible, if it were an actual person it would be considered a psychopath.

Since corporations are not physical things or people, it is very easy for them to avoid any kind of trouble. Corporations have become great at passing on their externalities to the public. An externality is an expense of any kind, whether it is something such as environmental damage or forcing people in an area to pay money for something, that a corporation forces the public to pay for while they privatize all profits. Corporations being externalizing machines fit in very well with their psychopathic behavior. They externalize any cost to the public because they can and it helps them achieve their goal of making as much money as possible. A quote from Robert Monks puts it very well, he says “The corporation is an externalizing machine

Will you invest in a company without unswerving financials? Accounting profession is considered candid and Investors rely on their work. Arguably, an eighty nine year old firm did not take even eighty nine days to crumble down! The downfall of the Arthur Andersen and one of its clientele, Enron contributed to radical changes for publicly held companies, accountants, managers, and many others. Employees lost their jobs, Investors lost their life savings, homes, and confidence in the financial system. The impact was so significant that legislation was enacted through the Sarbanes-Oxley Act of 2002 to reinstate public confidence financial markets.

In Netflix’s own description of its vision for sustainable long-term future, the company describes a few critical elements necessary for growth [Netflix.com]. Its vision encompass the evolution of internet TV, replacement of “linear TV” by the internet TV, development of interactive applications, and enhancement of streaming capability to virtual limitless access capability.

Starting off as a mail-only service in August of 1997, the service rapidly bloomed into an online, paid source for thousands of movies, series, and other TV shows. Although their streaming option is the most favored, Netflix still offers users the opportunity to order DVDs and other forms of tangible movies. All in all, Netflix holds a multitude of positive and negative effects on society, both which include instant accessibility, immediate forms of entertainment, binge-watching, and unproductivity. Lastly, Netflix may soon become an overwhelmingly large company that takes the television and video distribution industries by storm due to its growing popularity and its ability to be cheaper than regular cable