including Democratic senator Al Franken, who worries that NBC won't be entirely truthful.
Because obviously a TV network owned by GIANT MILLITARY CONTRACTOR wouldn't have any conflicts of interest!
“ In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the militaryindustrial complex. The potential for the disastrous rise of misplaced power exists and will persist.
“We must never let the weight of this combination endanger our liberties or democratic processes. We should take nothing for granted. Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defense with our peaceful methods and goals, so that security and liberty may prosper together. ”
[T]he areas of corporate law likely to govern affairs within a firm year-in and year-out view shareholder primacy arguments with markedly less solicitude [than in the hypothetical James Trains hostile-takeover case used as an example of shareholder primacy]. Marketing decisions, compensation packages, product line reforms, investment options, workforce adjustments, supply decisions, and the like are rarely (if ever) matters in which shareholders may have much of a say. Indeed, state statutes, federal regulations, and the infamous “business judgment rule” (inter alia) all conspire to ensure that the judgment of corporate boards can be challenged by dissenting shareholders only in the most extreme cases. And, while shareholders who disagree with their boards can attempt to use the proxy system or the market for corporate control as a means to displace directors, such devices are extremely costly to invoke. In many respects then, it appears that much of corporate law has already rejected shareholder primacy arguments in favor of allowing managers greater freedom of action. [...]
[T]he shareholder primacy argument has increasingly become a straw person among academics.
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