A corporation is a legal entity that has rights and responsibilities distinct from the owners of the corporation, who are known as shareholders. McDonald’s is a corporation. And like all corporations, can live beyond the lifetime of any owner. And in principle, could live forever. Corporations can be sued, but shareholders cannot. For example, a woman received burns when she spilled hot McDonald’s coffee on herself, sued the McDonald’s corporation, and won. That is why coffee cups now have warnings that the content is hot.
- Prof. Michael Roberts Wants Global Youth Students to Discover the 'Elegant Simplicity' of Finance
- Entrepreneurial Artist Laila Alam’s Vision for a More Just and Inclusive Art Market
- Restoring the Rainforest: Guayakí Brews Environmental and Social ChangeThe business of sustainability – meeting the needs of the present without compromising resources for future generations -- is growing among companies with a social conscience. Guayakí, which makes and sells Yerba Mate beverages, is an example of a company that has built its entire business model on practices that drive environmental and social change. Its main goal: to get you, as the consumer, to support sustainability with your dollars.
- Innovation in Action: Beyond the Eureka MomentIn this second part of a four-part audio podcast for educators on innovation and the art of problem-solving, Saikat Chaudhuri, executive director of the Mack Institute of Innovation Management at the Wharton School; and Rob Shelton, global innovation strategy lead at PwC, discuss innovation in action -- from some inspiring examples, to why innovation is at its heart a team sport.
- Jordan Williams on Overcoming Challenges and Choosing Your Own Path