why companies are terrible
https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.
depressing
https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.
depressing
When I say this about my phone, I get told that It was my choice to buy it.
I would really like to have the same set of principles applied consistently to ownership of end product and ownership of the stock.
Currently some people enjoy greater rights for no reason other than privilidge.
> A business corporation is organized and carried on primarily for the profit of the stockholders. The powers of the directors are to be employed for that end. The discretion of directors is to be exercised in the choice of means to attain that end, and does not extend to a change in the end itself, to the reduction of profits, or to the non-distribution of profits among stockholders in order to devote them to other purposes…
This kinda-relates to other legal theories, such the rule against perpetuities [0], since it's hard to assemble a framework that can survive 50.0001% of the shareholders deciding to loot it.
The closest I can think of actually involves legal-statute and tax law, where a company incorporates for an explicitly-charitable or non-profit purpose and then the government enforces that status indefinitely.