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Ruben Ruiz

Custody Officer, LASD

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Can corporations really interfere with the health or our world communites? If so how and what should we do about it?

If corporations' bottom line is profits for it's share holders, is there a moral obligation on their part that those profits are not at the expense of any community or it's own employees? Take for example the biggest oil corporations that have destroyed thousands of acres of fetile forests and have caused damage to our oceans again and again at the expense of many communities for decades. All the while making record profits for it's share holders. And there are many other corporations that do and keep doing similar damage at the many communities detriment. Does any entity have the power to challenge such violations on the part of such negligent corporations? If not, why not? This is of course my personal observation and I am no expert but I am simply posing these questions for the sake of the benefit of the only planet we have. If the UN is not looking out for the planet's and it's inhabitants interes' then who should the world community turn to for help? I don't even hear any plea from our world religious leaders on these critical matter, do you? If I'm wrong to assume any or all of this, can you at least guide me and show me where I might be off mark? Thank you.

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  • Feb 14 2012: We cannot rely on folks in corporate governance to be good people, nor can we rely on them to be concerned with the greater good. We have hundreds of years of history to back this up, and we have only exceptions to prove otherwise...

    So, we must ensure that laws and regulations keep the societal good in mind, and the short term goals of corporate governance in check. But, there are ways to do this that are not in conflict with each other.

    High tax rates force governance to keep capital within the organization, to reinvest it, to build upon the existing. If we allow folks to do otherwise, we deprive businesses of the opportunity (albeit forced...) to build upon existing technologies and grow for future opportunities.

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