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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (1026)	7/1/2002 2:02:47 PM
From: stockman_scott	Respond to of 89467

Gold, real estate, and Japan highlight excruciating quarter marketwatch.com

To: Jim Willie CB who wrote (1026)	7/1/2002 2:05:08 PM
From: stockman_scott	Respond to of 89467

Who'll be the next in line.... GE under the microscope: news.bbc.co.uk

To: Jim Willie CB who wrote (1026)	7/1/2002 2:17:40 PM
From: stockman_scott	Read Replies (1) \| Respond to of 89467

Companies too complex to control, says Galbraith By Rupert Cornwell in Cambridge, Massachusetts The Independent 01 July 2002 Modern corporations are now so complex that their operations are beyond any effective control of the shareholders who actually own them, John Kenneth Galbraith says. In an interview with The Independent in which he discusses the crisis of corporate America, the veteran economist and liberal advocate said he had been astonished by the scale of the problem disclosed by the string of company scandals. The modern corporation had fallen under the "virtually absolute control of management and the individuals recruited by management", said Mr Galbraith, who admitted he had failed to foresee the problem. No one could yet predict the consequences. "We are looking at a major flaw in the system which is going to weaken confidence, provoke criticism, and force a search for a remedy. But the nature of that remedy is far from evident," he warned. news.independent.co.uk