Neurobiology of drug action and addiction Richard Palmiter Dept Biochemistry.
Public Corporation as Private Constitution Convegno “ Le Societa per Azioni Nel Mercato Globale:...
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Public Corporation as Private Constitution Convegno “Le Societa per Azioni Nel Mercato Globale: Evoluzione dei Modelli” Prof. Alan Palmiter Wake Forest University Winston-Salem, North Carolina March 17, 2008
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Transcript of Public Corporation as Private Constitution Convegno “ Le Societa per Azioni Nel Mercato Globale:...
Public Corporation as Private Constitution
Convegno
“Le Societa per Azioni Nel Mercato Globale:Evoluzione dei Modelli”
Prof. Alan Palmiter
Wake Forest University
Winston-Salem, North Carolina
March 17, 2008
North Carolina
Public corporation as private constitution
Sir William Blackstone Doge Leonardo Loredano
“It may be that universal history is the history of a handful of metaphors.”
Jorge Luis Borges"The Fearful Sphere of Pascal” (1962)
“Vision without action is a daydream. Action without vision is a nightmare.”
Japanese proverb
Organizational hierarchies
Family
MemberMember
Tribe
MemberMemberMemberMember
MemberMember MemberMember
MemberMember MemberMember
MemberMemberMemberMember
MemberMemberMemberMember
MemberMember
LeaderLeader
MembersMembers
Law-makingbody
Law-makingbody
ExecutiveExecutive
delegates
elect
Agents
Principals
SpecializedHierarchies
US Constitution …
ShareholdersShareholdersWe the PeopleWe the People
GovernmentGovernment CorporationCorporation
Congress Board of directors
President(bureaucracy)
Officers(bureaucracy)
Jud i
ciar
yJu
d ici
ary
Sup
rem
eC
ourt
Sup
rem
eC
ourt
Electoralcollege
US Corporation …
ShareholdersShareholdersWe the PeopleWe the People
GovernmentGovernment CorporationCorporation
Congress Board of directors
President(bureaucracy)
Officers(bureaucracy)
JudiciaryJudiciary
Sup
rem
eC
ourt
Sup
rem
eC
ourt
Proxy voting(institutional investors)
Compare and contrast …
“Most important problems facing United Sates”
Government Corporation
1 Iraq
2 Economy / jobs
3 Health care
4 Immigration
5 Fix government
6 Energy
7 Terrorism
8 Education
9 Ethics / family
10 Environment
Gallup (2008)
ShareholdersShareholdersWe the PeopleWe the People
GovernmentGovernment CorporationCorporation
Congress Board of directors
President(bureaucracy)
Officers(bureaucracy)
JudiciaryJudiciary
Sup
rem
eC
ourt
Sup
rem
eC
ourt
Proxy voting(institutional investors)
Electoralcollege
ShareholdersShareholdersWe the PeopleWe the People
GovernmentGovernment CorporationCorporation
Congress Board of directors
President(bureaucracy)
Officers(bureaucracy)
JudiciaryJudiciary
Sup
rem
eC
ourt
Sup
rem
eC
ourt
Proxy voting(institutional investors)
Electoralcollege
Con
stitu
tion
Cor
pora
tion
Albert O. Hirschman,Exit, Voice, and Loyalty:
Responses to Decline in Firms, Organizations, and States
(1970)
Exit
Voice
Loyalty
ShareholdersShareholdersWe the PeopleWe the People
GovernmentGovernment CorporationCorporation
Congress Board of directors
President(bureaucracy)
Officers(bureaucracy)
JudiciaryJudiciary
Sup
rem
eC
ourt
Sup
rem
eC
ourt
Proxy voting(institutional investors)
Electoralcollege
Voice
ShareholdersShareholdersWe the PeopleWe the People
GovernmentGovernment CorporationCorporation
Congress Board of directors
President(bureaucracy)
Officers(bureaucracy)
JudiciaryJudiciary
Sup
rem
eC
ourt
Sup
rem
eC
ourt
Proxy voting(institutional investors)
Electoralcollege
Loyalty
ShareholdersShareholdersWe the PeopleWe the People
GovernmentGovernment CorporationCorporation
Congress Board of directors
President(bureaucracy)
Officers(bureaucracy)
JudiciaryJudiciary
Sup
rem
eC
ourt
Sup
rem
eC
ourt
Proxy voting(institutional investors)
Electoralcollege
Exit
The end
