The Corporate Structure is Irresponsible to Democracy 08 04 2011
In the corporate structure no single employee gets a clear picture of the whole of the effect of the corporation. By the time they have made it to the top they have climbed over everyone and developed into a terrible person that is a detriment to the greater good of a country. If that sounds a lot like an analogy to a terrorist cell it does to me also. Was that the point of the terrorist attacks? To tell America that none of you are getting the whole picture of your country? That most who work in corporate America live the lives of Kamikaze Pawns.
I have written negatively about the corporate structure before. But here I will pose a question to you. Our country is a democracy. So why our, our corporations not also a democracy? You say they are already. That is not true as I have pointed out above. In order for corporations to be a democracy every single employee would have the right to be informed of every decision made by the corporation. And decisions would need to be voted on by every employee in the corporation. This would also be a structure that is more accountable to the shareholder. Shareholders today really only have a say if the corporation is to be bought by another or not. A shareholder today really has very little control over the company. For example if you owned a company that went bankrupt you might ask yourself what could I have done to prevent this from happening. The text books will tell you that you could have voted out management. That is very unlikely to happen unless there is an activist. And very few of us have the money or will to become activists; activists need to own a large voting chunk of shares.
But here is another idea? What if every corporation were required to have a message type board where shareholders were allowed to voice their concerns? Therefore you might have some more of an activist structure. Alongside that message board or online newspaper you might have an employee gripes board. Where employees and former employees could gripe about what went on. And shareholders could read these gripes and make informed decisions with regard to management control. It is not a final solution but it sounds like a step in the right direction.
Thomas Paul Murphy
Copyright 2011 Thomas Paul Murphy
Originally Published on 08 04 2011 at: www.themilwaukeeandwisconsinnews.blogspot.com
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