Revoking Corporate Charters - Wed 6pm

Richard Grossman: Revoking Corporate Charters: From ExxonMobil to Wal-Mart corporations dominate society and politics. Over the last 100 years corporations have accrued enormous economic power and legal standing. A corporation is licensed to do business. These licenses are called charters. In theory, when a corporation violates its charter, it can be revoked. That used to happen but not any more. And now corporate power has gotten a big boost. On Jan. 21, 2010, the Supreme Court ruled that there are no limitations on campaign contributions by both domestic and foreign corporations. Richard Grossman, co-founder of the Program on Corporations, Law & Democracy, is an independent researcher and writer focusing on governance, law, corporations, and organizing strategies.