Who ever invented this thing called a corporation, why do they keep letting them run amok?
A corporation is a legal entity that is separate and distinct from its owners.1 Under law, corporations possess many of the same rights and responsibilities as individuals. They can enter contracts, loan and borrow money, sue and be sued, hire employees, own assets, and pay taxes.
Some refer to a corporation as a "legal person."
I call this bs. Same actions as all of us but not the same consequences. Until we get past this definition and really hold accountability for all the disasters caused by corporations, it’s only progressing forwards. Interestingly, broader definitions include states and governments. But I wasn’t taught that part in business school.