A corporation's responsibility is to the shareholders, not its retirees and employees. Companies are doing everything they can to get rid of pension plans and they will succeed.
Sentiment: POSITIVE
People don't place their trust in government or company pension plans; they have to be self-reliant.
The corporation is one of the great unheralded human inventions of destruction. It is a way to absolve from any personal liability a bunch of people. They form together in a massive ID and they do whatever they want.
In terms of companies, they must stand for something bigger. They must be dedicated to something larger than financial results. I reject the Milton Friedman belief that a company's sole responsibility is to the shareholders.
In some cases, managers and employees have secured pensions beyond their original base salary. It is wrong, the people doing it know it's wrong, and we have to put an end to it.
Corporate responsibility extends not only to the customers, the resources and the workers of the present, but also to those of the future.
So if I die, somebody else from the corporation will take over the business.
Most private-sector folks don't get a pension.
It makes no sense to talk of the social obligations of the corporation without reference to its economic obligations. The two are intertwined.
Let's face it: we live at a time when government is less and less powerful, less and less effective, and the agent of social change, at least for the immediate future, is the corporation.
A company has a greater responsibility than making money for its stockholders. We have a responsibility to our employees to recognize their dignity as human beings.