Re: HOMESTEAD: TAKE OVER ExxonMobil/Esso !

["Keith Wilde" <kwilde@magi.com>]

Thanks.  It is indeed of interest.  But I do not understand why it comes
with such a direct link to a rather intemperate polemic about Exxon??????

    -----Original Message-----
    From: MarjorieHK@aol.com <MarjorieHK@aol.com>
    To: homestead@cog.kent.edu <homestead@cog.kent.edu>
    Date: Saturday, August 25, 2001 7:05 PM
    Subject: Re: HOMESTEAD: TAKE OVER ExxonMobil/Esso !


    Thought this book might be of interest to you.

    Karen McNichol
    Business Ethics



    The Divine Right of Capital
    By Marjorie Kelly
    $24.95, Berrett-Koehler, October 2001.
    www.DivineRightOfCapital.com

    We Can Create Genuine Economic Democracy
    and Unfetter the Genius of the Market Economy

    As public opinion increasingly turns against corporate power, The Divine
    Right of Capital exposes the fundamental ills of the corporate system.
    Marjorie Kelly argues that focusing on making profits for stockholders
to the
    exclusion of everyone else's interests is a form of discrimination based
on
    property or wealth. She shows how this bias is held by our institutional
    structures, much as they once held biases against blacks and women.

    Why is it taken for granted that stockholder earnings are the proper
measure
    of a company's success? Wouldn't the rising incomes of employees be a
    reasonable measurement? Kelly points out that although stockholders
    supposedly "fund" corporations, most invested dollars remain in the
    speculative market and don't reach companies.


    Keith Wilde
    Ottawa, Canada
    kwilde@magi.com
    613 990-8125