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Corporate Power and Ethics

The document is a letter from Leonardo García Jácquez and Jesús Torres Gómez of Contaduría (Accounting) regarding special accounting matters for The Corporation. It is addressed to Mae. Leobardo Quiroga Almaguer and is dated October 6, 2023 in Aguascalientes, Ags.

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0% found this document useful (0 votes)
27 views6 pages

Corporate Power and Ethics

The document is a letter from Leonardo García Jácquez and Jesús Torres Gómez of Contaduría (Accounting) regarding special accounting matters for The Corporation. It is addressed to Mae. Leobardo Quiroga Almaguer and is dated October 6, 2023 in Aguascalientes, Ags.

Uploaded by

Leo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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CONTABILIDADES ESPECIALES.

THE CORPORATION

LEONARDO GARCIA JAQUES

JESÚS TORRES GÓMEZ.

CONTADURÍA.

MAE. LEOBARDO QUIROGA ALMAGUER

Aguascalientes, Ags. 06 De Octubre de 2023


THE CORPORATION

​1. What is the main idea of the film?


The documentary begins by exploring the legal history of corporations in the United
States, highlighting how they were originally considered "entities" with rights similar
to those of individuals, but without legal responsibility. As corporations grew in power
and size, they became influential players in economics and politics.

2. What kind of people are corporations?

A provocative metaphor is used to describe corporations as "psychopaths."

If corporations were to be treated as legal persons, they might exhibit traits


reminiscent of psychopathy or sociopathy.

3. What kind of pathology does the author propose?


The idea is proposed that some corporations may exhibit behaviors that resemble
those of a psychopath. This idea is developed throughout the documentary and
refers to certain characteristics of corporations that are similar to those of a person
with psychopathic personality disorder.

4. How do you see the role of advertising in society?


It is a delicate issue since it plays with people's emotions and advertising goes
beyond ethical limits in order to sell and make the consumer feel better.

5. Initially in the twentieth century what was the role of corporations in


society?

Economic Growth and Industrialization, Job Creation, Technological Innovation,


Standardization and Mass Production, Influence on Politics and Regulation and
Labor Relations.

6. What do you refer to in the documentary about the phrase "Bad Apples"?
The phrase "Bad Apples" suggests that, rather than holding individuals solely
accountable, it is necessary to examine the corporate system as a whole and how its
structures and objectives can lead to harmful behavior. In other words, the
documentary raises the idea that the corporate system itself can encourage and
reward unethical or harmful practices instead of attributing blame only to a few
individual employees.

7. Which Nobel laureates participate in the documentary and in which area of


knowledge?
Milton Friedman (Economics): Milton Friedman, Nobel Prize winner in Economics in
1976, is one of the most influential economists of the 20th century.

Noam Chomsky (Linguistics and Philosophy): Although Noam Chomsky did not win
the Nobel Prize, he is widely recognized for his work in linguistics and philosophy.

Howard Zinn (History): Howard Zinn, historian and author of "A People's History of
the United States," is also a prominent figure in the documentary, providing his
opinions on history and the role of corporations in it.

8. What do you think about product handling and ethics?


Product management and ethics are important issues in business and have a
significant impact on society and the environment.

Product management and ethics are key components of corporate responsibility and
sustainability. Companies that adhere to high ethical and quality standards often
build stronger relationships with consumers and contribute to a more sustainable and
fair world.

9. What did stockbrokers think when the September 11 attack happened?


On September 11, 2001, the terrorist attacks in New York and Washington, D.C., had
an immediate impact on financial markets, and stockbrokers and investors had
mixed reactions. Here are some of the main reactions and considerations from
stockbrokers and the financial community at the time.

Stock traders and investors experienced a range of emotions and reactions following
the 9/11 attacks, including initial panic, volatility in the markets, and the search for
safe haven. Over time, markets stabilized to some extent, but the attacks had a
lasting impact on risk perception in financial markets and the broader economy.

10. What is the problem described in Bolivia?

A multinational corporation entered into a contract with the government to privatize


the water supply in a City.

11. What are the issues in India?

The problem is the seeds that are genetically modified and this directly affects local
farmers and that the agrochemicals of multinational corporations use too many
pesticides and this greatly affects the environment.
12. What is the problem in Honduras?

The problem in Honduras is that there is a multinational company which also has
power within the government because of how big it is, but apart from that it presents
exploitation within the country of lands and people, so the workers have very poor
conditions.

13. Who is Noam Chomsky?

He is an expert commentator on understanding the way companies work today, also


seeing it from the importance of a corporation and how it affects democracy.

14. What about patents on living things?

He mentions the patent on seeds for example, where it can be seen that it is
something that negatively impacts farmers, creating a monopoly and limiting free
access to them for cultivation and subsequently harvesting and sale, putting too
much control over farmers.

15. What happened to the Nazis and IBM?

They worked together during World War II, so we understand that multinational
corporations have had ambiguous relationships where they focus on making profits
on issues that can be morally discussed.

16. What happened to U.S. President Franklin Delano Roosevelt?

In 1933, General Smedley Butler exposed an alleged corporate plot against him,
being a business plot.

In the documentary he mentions American President Franklin Delano Roosevelt in


the context of his presidency and his relationship with large corporations. The
documentary notes that during Roosevelt's presidency, which spanned from 1933 to
1945, major government reforms and regulations were undertaken to address
business and financial practices that had contributed to the Great Depression of the
1930s.
Suggests that these reforms were an attempt to limit the power of large corporations
and banks, as well as to protect consumers and investors from risky financial
practices.

17. How are corporations in the world vis-à-vis states?


There is a relationship that becomes negative by having economic and political
power, even affecting democracy by having more power than the state, where they
can have the power of corporate financing or manage the police at their
convenience, the same is done with a globalization of independence between
countries where corporations benefit.

18. What is the issue with the oil industry?


In the documentary "The Corporation," a series of problems and concerns related to
the oil industry are raised. Some of the most notable problems include:

Environmental impact

Fossil fuel dependence

Geopolitical conflicts

Political influence

Depletion of resources

19. What do you think of the risks that are being presented to the livelihood of
the environment and the controls to minimize their impact?

It seems to us that the world is being greatly affected in ecological issues, for the
same reason that there are corporations or companies that have that power, over
which they are not limited in pollutants or carry out activities that directly affect the
environment, we are interested in the new approach that has been made in the world
that is ESG, an initiative on which all companies must be guided to comply with the
necessary ecological guidelines, and if they do not do so, receive fines for this.

20. What is your general opinion of the subject?

Leonardo García Jácquez


It is interesting to see the way the world is really managed, to see the reasons why
we have problems today, and in the same way to think or analyze what can be done
to change the bad decisions that were made. back, propose and show the
importance of not doing things the same way they were done before.
It seems to me that knowing all this, international institutions must make important
decisions and generate a mandatory change.

Jesus Torres Gómez

It seems very appropriate to me that this criticism of the business world has been
made, since unfortunately the world is driven by money and large corporations do
many things thanks to this and without measuring the human, environmental and
social risks they carry out.

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