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This comes down to the structure of the "Corporation" and it's inherent "Principal/Agency" conflict between the owner shareholders and the management.

I believe that the solution to this problem lies in a corporate body which shares the revenues or production between Capital providers and Capital users: the "Capital Partnership" as I call it, is enabled by simple new legal forms like the US LLC and UK LLP.

In this model there are no "employees", merely managing and operating "partners".

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Mon Apr 23rd, 2007 at 12:11:52 PM EST
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