November 2008
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Abolish stock options
Barry C. Lynn is a senior fellow at the New America Foundation and author of End of the Line: The Rise and Coming Fall of the Global Corporation. His last article for Harper’s Magazine, “Breaking the Chain: The Antitrust Case Against Wal-Mart,” appeared in the July 2006 issue.
What is the purpose of a corporation? In America today we generally believe that corporations exist to generate profits for their shareholders, who “own” them. Indeed, we have structured much of our economy—and often staked our retirements—on this idea.
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| SEE ALSO: Capitalism; Corporations; Executives; Financial crises; Investor relations; Stock options; Stockholders | ||
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