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Corporations on Steroids: Business in 21st Century

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  1. Introduction
  2. Incorporate organizations and the idea during the creation of the United States
    1. limited in power
  3. The emergence and global domination of Wal-Mart
    1. 22 law suits each day: 2002
    2. The heinous treatment of employees
  4. Corporate corruption of the past decade
    1. Effects of the wave of corporate crime by Enron
    2. The Sarbanes-Oxley Act
  5. The scandalous behavior observed at Tyco
  6. Conclusion.
  7. Works cited

Corporations have become a centerpiece of American culture, however lately it seems as though these institutions have gained remarkable recognition, wealth, and most importantly, power. This power is often taken for granted and is turned into greed and corruption in the blink of an eye. In the 21st century, American business has become exactly that: a breeding ground for massive wealth, corporate greed and heinous corruption. Reform is imperative and now is the time to do so. Americans can no longer sit idly while corporations run rampant. The maturation and transition of corporations, the global dominance of Wal-Mart and the corporate corruption of Enron, Tyco and WorldCom portray the shocking amount of power exerted by 21st century corporations and display the urgent need for change and reform in American society.

[...] The abandonment of the original strictures of the corporate charter and the dominance of corporations in politics epitomizes the brute power of 21st century corporate America and the desperate need for reform. Despite some of its positive effects on American culture, the emergence and global domination of Wal-Mart has led to a serious mistreatment of workers, loss of local jobs and an overexertion of political say. The bouncing, yellow smiley face representing the unbelievably low costs of Wal-Mart has become a staple of American culture and the cornerstone of the global retail business. [...]

[...] Ebbers was sentenced to 25 years in prison, however, at an age of 63 and with such poor health, this was equivalent to a life sentence. Sullivan received only 5 years for having helped testify against Ebbers (353). The epidemics that occurred in the 20th and 21st centuries among Enron, Tyco and WorldCom epitomize the extent of corporate power in American society. Within all three companies, corruption amongst executives inevitably hurt the innocent shareholders. This corruption clearly calls for reform. The corporate charter was once a privilege, a privilege that could be taken away at the blink of an eye if the legislature sensed wrongdoing. [...]

[...] RDS Business and Industry. Gale Group. McKeldin Library, College Park Nov Markham, Jerry W. A Financial History of Modern U.S. Corporate Scandals From Enron to Reform. Armonk, NY: M.E. Sharpe Inc 95-355. Milchen, Jeff. Blow Against the Corporate Empire." Reclaim Democracy Oct Nov . Milchen, Jeff, and Jeffrey Kaplan. "Ballot Initiatives Hijacked by Corporations." Reclaim Democracy Mar Nov . Milchen, Jeff, and Jeffrey Kaplan. "Ballot Initiatives Hijacked by Corporations." Reclaim Democracy Mar Nov . Parles, Linda M., Susan A. [...]

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