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Originally corporations (from approximately 1712-1889) were different from corporations today. A Film by Mark Achbar, Jennifer Abbott and Joel Bakan. Like the Church, the Monarchy and the Communist Party in other times and places, the corporation is today’s dominant institution. KLG vowed to correct this, Enron, Exxon, GE, Chevron, Odwalla Sears, Tyson etc. The documentary is based on a book written by Joel Bakan titled The Corporation: The Pathological Pursuit of Profit and Power, and is made by the team comprising Mark Achbar and Jennifer Abbott. It critiques that it is considered to be a person, but since it has so many disregards to the human well-being and only cares about making as much money as possible, if it were an actual person it would be considered a psychopath. C. Documentary evidence about occurrence of a transaction. the outstanding capital of a company or corporation Limited Liability Corporations fall under either a C corporation, an S corporation, or a partnership depending on how it decides to be treated for taxation when it is first formed; are treated as a separate legal entity from its owners (members) just like in a corporation Today, it is a vivid, dramatic and pervasive presence in all our lives. They believe that inherent risk is 100%, and there is a 40% risk that material misstatement could have bypassed the client's system of internal control. Shareholders will agree that they are better off if management makes decisions that maximizes the value of their shares. It is difficult to address all the significant issues the film raises in one session. THE CORPORATION is a Canadian documentary film written by Joel Bakan, and directed by Mark Achbar and Jennifer Abbott. A sequel film, The New Corporation… The Corporation is a long film; the running time is two hours and 25 minutes. Start studying the Corporation- Movie- a few bad apples- Michael Moore. STUDY QUESTIONS ON “THE CORPORTATION” MGMT 423 – DAVIS 1. This documentary examines the nature, evolution, impacts, & possible futures The Corporation The 2003 Canadian film documentary, The Corporation, is about the modern-day corporation. These questions are about the corporation documentary that is based on the book by Joel Bakan. The Corporation Questions “The Corporation” –Documentary Film “The Corporation” is a documentary film based on the book of the same name by Canadian law professor Joel Bakan. This documentary begins with an unusual detail that came from the 14th Amendment: Under constitutional law, corporations are seen as individuals. Corporations, on this view, have a higher purpose as part of a community. But the focus of the documentary is to … The Corporation The 2003 Canadian film documentary, The Corporation, is about the modern-day corporation.It critiques that it is considered to be a person, but since it has so many disregards to the human well-being and only cares about making as much money as possible, if it were an actual person it would be considered a psychopath. The Corporation is a Canadian documentary film, which appeared in 2003. Directed by Mark Achbar, Jennifer Abbott. A story of Jose Miguel Battle, the leader of an organized crime group, called "The Corporation", which was comprised of Cuban exiles that would be considered one of the most powerful mafia syndicates in American history. The original film was a call to action. So, … Filmmaking team, which consists of Jennifer Abbott, Joel Bakan and Mark Achbar, has produced a nice combination of documentary movie presented in an unusual way. The Corporation was one of seven representative Canadian documentaries examined, along with a review of the literature. Ethics and Incentives within Corporations, -Managers may act in their own interest rather than in, if a CEO is performing poorly, shareholders can express their dissatisfaction by selling their shares. The Corporation is one of the most acclaimed documentaries released in the year 2003, and it was directed by Jennifer Abbott and Mark Achbar. Discussion Questions for MOS1. The documentary is based on a book written by Joel Bakan titled The Corporation: The Pathological Pursuit of Profit and Power, and is made by the team comprising of Mark Achbar and Jennifer Abbott. It critiques that it is considered to be a person, but since it has so many disregards to the human well-being and only cares about making as much money as possible, if it were an actual person it would be considered a psychopath. Start your 48-hour free trial to unlock this The Corporation study guide. Robert Hare's 2003 documentary The Corporation asks the question "If corporations are persons, what kind of persons are they?" The film was written by Joel Baken and goes to examine the scenario of modern day corporation and its responsibility towards both the society and the larger scenario (Lamb, 112). As we watch each of the scenes in the film, pay close attention to the ways that the activities of corporations and the people who purchase goods and services from corporations change the physical landscape and/or the cultural landscape. In 2004, the Documentary Policy Advisory Group commissioned ERIN Research to develop a measurement framework that would estimate the social and cultural impact of Canadian documentaries. That was the one that guaranteed former slaves equal rights. The Corporation is a 2003 Canadian documentary film written by University of British Columbia law professor Joel Bakan, and directed by Mark Achbar and Jennifer Abbott.The documentary examines the modern-day corporation.Bakan wrote the book, The Corporation: The Pathological Pursuit of Profit and Power, during the filming of the documentary. I'm supposed to answer these questions as well. The U.S. Supreme Court so ruled, in a decision based, bizarrely, on the 14th Amendment to the Constitution. As the title of the book suggests, business corporations are all too often guilty of pursuing profits over the interests of people and the environment. This documentary begins with an unusual detail that came from the 14th Amendment: Under constitutional law, corporations are seen as individuals. 150 years ago, the business corporation was a relatively insignificant institution. This selling pressure will drive the stock price down, (A situation in which an individual or organization, sometimes referred to as a corporate raider, purchases a large fraction of a target corporation's stock and in doing so gets enough votes to replace the target's board of directors and its CEO), The stock market provides liquidity to shareholders, The ability to easily sell an asset for close the price you can currently buy it for, Stock is traded by the public on a stock exchange, When a corporation issues (ausgibt) new shares of stock and sells them to investors, Markets, such as NYSE or NASDAQ, where shares of a corporation are traded between investors without the involvement of the corporation - After the initial transaction in the primary market, the shares continue to trade in a secondary market between investors, Market Makers/Spacialists (Individuals who match buyers with sellers), Bid price (price at which a market maker or specialist is willing to buy a security) versus Ask price (price at which a market maker for specialist is willing to sell a security), Bid-Ask Spread (The amount by which the ask price exceeds the bid price. It begins with the unsettling information that, under the law, a corporation is not a thing but a person. The ways in which they were different is that the corporations could not own another corporation, the owners were liable, it had limited size and also it was for the benefit … Under the law, corporations have the same rights as individuals — they can sue, be sued, etc. Documentary that looks at the concept of the corporation throughout recent history up to its present-day dominance. I need help on my paper cause I don't really understand it completely even after watching it. With Benicio Del Toro. Based on the documentary, The Corporation Learn with flashcards, games, and more — for free. Adherents of this view are indeed typically indignant at the very thought that anyone could think that corporations have so lowly a purpose as to merely make money. With Mikela Jay, Rob Beckwermert, Christopher Gora, Nina Jones. Reaction Essay: The Corporation The documentary The Corporation, directed by Jennifer Abbott and Mark Achbar and produced in 2004, although bias, opens many doors for discussion in regard to capitalism and the role of corporations in our lives. limited liability corp LLC they become a person, externality like a shark what are their characteristics, sweat shop in honduras the girls handed the researchers their pay stubs under the table they were 13 years old. What answer does Hare give? 2. The auditors of Smith Electronics wish to limit the audit risk of material misstatement in the test of accounts receivable to 5 percent. The Corporation. A film that dares suggest that communal ownership as seen in Maoist China and The USSR is the solution to the problems society faces today and ignores the massive harms, famines and human rights abuses Complete lunacy that fails in every manner to comprehend the basic tenets of economics. The corporation has a social role, and that role goes far beyond attending to the interests of shareholders. As the title of the book suggests, business corporations are all too often guilty of pursuing profits over the interests of people and the environment. "The Corporation" is not a film my dinner companion would enjoy. All have been crushed, belittled or absorbed into some … How were they different? Our job is to assess the whether the claims being made are relevant to managers and how they are being made relevant. On this page you'll find the transcript for the documentary film "The Corporation". -all owners have limited liability but can run the, -has many of the legal powers individuals have such as the ability to enter into contracts, own assets, and borrow money, Double Taxation: first, the corporation pays tax on it's profit, and then when the remaining profits are distributed to the shareholders, the shareholders pay their own personal income tax on this income, Firm's profits are not subject (unterworfen) to corporate income tax (Gewinnsteuer), but instead are allocated (zugeteilt) to the shareholders, (The person charged with running the corporation by instituting the rules and polices set by the board of directors), -most senior (ranghöchster) financial manager -> CFO. -in most corporations, each share of stock gives a shareholder now vote - investors with more stocks have more influence - shareholder with late proportion of shares -> might be on the board of directors or have the right to appoint a number of directors -makes rules on how the corporation should be run, set Learn vocabulary, terms, and more with flashcards, games, and other study tools. This video will open your eyes–even if you think your eyes are already open–to the evils that are being caused by corporations around the world. It is a provocative film. The Corporation Documentary. Today, it is all-pervasive. I found the documentary to be presented professionally, and filled with legitimate facts more so than … The documentary starts off with showing the development of the contemporary business corporation… At the outset it is important to be aware that this film is provocative and represents the views of the filmmakers and the people they interviewed. ex: doorman might have a bunch of Amazon boxes, but they are fake, movie is based on book ha idea is the 'rich will sell you the rope that will eventually hang themselves with'. The film includes interviews with people like Milton Friedman and Noam Chomsky and there are also interviews with many other CEOs, whistleblowers, business brokers and even a corporate spy. either by money or environmental, never went to see his factory in Indonesia, The death of birth - we are just going to kill our environment for money, All the traders cared about was the price of gold, thoughtful process recources, helping corporations have a voice, a term when someone doesn't realize advertising is going on. But history humbles dominant institutions. Some members of the audience may find it ‘over the top,’ and this criticism could compromise the film’s pedagogical merit. Both the film and the book cover a range of issues that are related to Prof. Ferguson’s section of module 900002 - Business Ethics and Corporate Governance. That call was heard. The movie is based on the book "The Corporation: The Pathological Pursuit of Profit and Power" by Joel Bakan. 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