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Dodge v. Ford still stands for the legal principal that managers and directors have a legal duty to put the shareholders' interests above all others and no legal authority to serve any other interests - what has come to be known as "the best interests of the corporation" principal.

— Joel Bakan The Corporation: The Pathological Pursuit of Profit and Power (2004)

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Leadership

More quotes by Joel Bakan

As a psychopathic creature, the corporation can neither recognize nor act upon moral reasons to refrain from harming others.

The Corporation: The Pathological Pursuit of Profit and Power (2004)

A century and a half after its birth, the modern business corporation, an artificial person made in the image of a human psychopath, now is seeking to remake real people in its image.

The Corporation: The Pathological Pursuit of Profit and Power (2004)

As institutional psychopaths, corporations are wont to remove obstacles that get into their way.

The Corporation: The Pathological Pursuit of Profit and Power (2004)

By leveraging their freedom from the bonds of location, corporations could now dictate the economic policy of governments.

The Corporation: The Pathological Pursuit of Profit and Power (2004)

The corporation, like the psychopathic personality it resembles, is programmed to exploit others for profit.

The Corporation: The Pathological Pursuit of Profit and Power (2004)

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It's simply to say that managers and investors alike must understand that accounting numbers is the beginning, not the end, of business valuation.

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Wars may be fought with weapons, but they are won by men. It is the spirit of the men who follow and of the man who leads that gains the victory.

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Never tell people how to do things. Tell them what to do, and they will surprise you with their ingenuity.

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Attribution

Quote text and notes from Wikiquote: Joel Bakan (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.