tag:blogger.com,1999:blog-4058766287077382431.post6753988808794788800..comments2024-03-23T04:01:39.348-04:00Comments on Understanding Society: Why the corporation?Dan Littlehttp://www.blogger.com/profile/15953897221283103880noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4058766287077382431.post-27659537969947020802009-09-19T02:08:11.560-04:002009-09-19T02:08:11.560-04:00Craig Calhoun's piece, which I think is titled...Craig Calhoun's piece, which I think is titled 'The Infrastructure of Modernity', is very interesting on corporations too.Unknownhttps://www.blogger.com/profile/09446343217782806772noreply@blogger.comtag:blogger.com,1999:blog-4058766287077382431.post-22532662043516634812009-09-14T12:12:16.254-04:002009-09-14T12:12:16.254-04:00re the size of corporations; one other reason come...re the size of corporations; one other reason comes to mind.<br /><br />Let's say a company has profits sitting in the bank. There are a few obvious possibilities here; management could retain the earnings, invest it in acquisition or expansion, or disburse the proceeds as dividends to the shareholders.<br /><br />Since management gets paid for managing stuff, the more stuff they manage the more they can extract in compensation.<br /><br />Management obviously prefers expansion since it puts more money in their pockets.eightnine2718281828mu5noreply@blogger.com