10 Global Businesses That Worked With The Nazis

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This just proves that Nazis and Corporations go so well together.

http://www.businesspundit.com/10-global ... the-nazis/

Business is business. A profit making firm is not in the business of making moral judgments. The only thing that counts is operating legally and profitable. A business firm could do business with the Devil himself as long as it is legal.

ruveyn

Conservatives can be so immoral.

You're talking 70 years ago for goodness sake.

And so can Bleeding Heart Liberals. Look at Bahney Fwank, the representative from Mass. .

ruveyn

Sorry, a for-profit corporation has moral obligations beyond mere fiduciary duty and not breaking the law. Corporations, beyond duties to their shareholders, have duties to their employees, their customers, the communities they operate in, and the environment.

Business is business, eh? That is probably even worse than Halliburton.

Yay! The fallacy of exception!

Where are these extra "duties" written down? Says who? You? Who are you?

We are all obliged to obey the law. We are not obliged to be good or kind.

ruveyn

You're so cute! Those slick PR campaigns really got to you!

Capitalism at work

Looks more like Socialism or Crony Capitalism at work.

While everyone else in the country was doing everything he could to support the war effort, including dealing with rationing, GE deliberately took advantage of the situation to scam the country.

Instead of being fined, the entire Board of Directors should have been gassed.

Now, the company isn't even paying any taxes, while the government is flirting with bankrupcy.

According to Jeffrey Immelt, CEO



What utter rubbish.

Well looks like they haven't changed any.

For those of you who do not know everything n Nazi Germany was privatized something left

Wing politics are against but the Tea Party supoorts the corperations aka americans idots

And They support the idea of privatizing things like health care so the middle and lower class

want get it.

I am a Independent so I just love stirring the pot between the left and the right its so amusing

I find it funny a conservative said that I am talking about something that happened years ago but they always bring up Nazis when talking about liberals.

That might be a moral guide, but it is most certainly not the law.

A corporation has one, and only one legitimate activity: to provide a return on investment to its shareholders. That is the purpose for which the law has created corporations, and it is the only purpose that is recognized in law.

At its most basic, a corporation is restricted to the activities set out in its constating documents (those will vary from jurisdiction to jurisdiction, but in most common law jurisdictions it will be a constitution or a corporate charter). Any activity not provided for in a corporate charter is ultra vires that corporation, and directors and officers are liable to the corporation if they cause it to act outside its legal authority.

Now, there is still a pretty broad range of legitimate activity that will enhance shareholder value. To the extent that charitable activities create tax incentives and public goodwill, they will enhance shareholder value. To the extent that a positive workplace environment and generous benefits will create a productive and stable workforce, they will enhance shareholder value. These are all legitimate actions because they are ultimately predicated upon the generation of profit and the increase of shareholder value.

But unless the law imposes an affirmative obligation on a corporation, it has no legal capacity to do anything that does not create shareholder value, and a corporation can be constrained from so doing by those same shareholders.