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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (545800)	1/23/2010 5:42:13 PM
From: longnshort	1 Recommendation Read Replies (1) \| Respond to of 1577931

‘Wanna Bet?!’: Chris Matthews Confronts Rep. Grayson on Realities of Reconciliation breitbart.tv

To: bentway who wrote (545800)	1/23/2010 6:08:15 PM
From: SilentZ	Respond to of 1577931

>Not in America. Right. I thought you'd meant they didn't exist yet at all. -Z

To: bentway who wrote (545800)	1/23/2010 7:02:10 PM
From: Brumar89	4 Recommendations Respond to of 1577931

Yes, in America. Leftwing pseudo-history: reclaimdemocracy.org * Corporate charters (licenses to exist) were granted for a limited time and could be revoked promptly for violating laws. In another post, I listed a number of American corporations still operating that were chartered in the 1700's. * Corporations were often terminated if they exceeded their authority or caused public harm. Name one that was revoked for such. Charters still can be revoked but it never happened frequently and still doesn't. * Owners and managers were responsible for criminal acts committed on the job. Still are. Look at Enron, Worldcom guys in prison. * Corporations could not make any political or charitable contributions nor spend money to influence law-making. They likely didn't but what stopped them? early legislators granted very few corporate charters, In the early 1800's, corporate charters for canal companies were common. Later railroads, steamship companies were common recipients of charters. States also limited corporate charters to a set number of years. Unless a legislature renewed an expiring charter, the corporation was dissolved Don't think so. I listed examples of early corp's that are still operating .... including Bank of NY and CIGNA (new name of course). They required a company's accounting books to be turned over to a legislature upon request. Geez, ever hear of IRS audits. ALL large corps are audited every year. They have access to all books and records requested. Further corporations owned by shareholders are required to file financial statements and make them available to the public. Pick a major corp - wanna see its financial statements - they're available online now. Today most corps are chartered in DE as their rules are simplest.