Role of Giant Corporations: Corporate secrecy: overviews

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1095. lappuse - The law, in its majestic equality, forbids the rich as well as the poor to sleep under bridges, to beg in the streets, and to steal bread'.
1097. lappuse - What further remedies are needed in the way of governmental regulation, or taxation, can only be determined after publicity has been obtained, by process of law, and in the course of administration. The first requisite is knowledge, full and complete — knowledge which may be made public to the world.
1096. lappuse - Great corporations exist only because they are created and safeguarded by our institutions; and it is therefore our right and our duty to see that they work in harmony with these institutions.
1102. lappuse - Act to regulate commerce, or any class of them, or any of them, respectively, to file with the commission in such form as the commission may prescribe annual or special, or both annual and special, reports or answers in writing to specific questions, furnishing to the commission such information as it may require as to the organization, business, conduct, practices, management, and relation to other corporations, partnerships, and individuals of the respective corporations filing such reports or...
1208. lappuse - The quarterly summaries are also used by thousands of nongovernment subscribers to measure efficiency and appraise costs by comparing a company's operating results with the average performance of companies of similar size or in the same line of business, to determine whether to undertake new ventures...
1210. lappuse - The classification of multi-product or multiindustry companies is based upon available information as to the relative importance of individual products or activities in the overall operations of the consolidated enterprise. In cases where such companies have no single line of activity or product which is dominant, the classification must necessarily be somewhat subjective. Parent and Subsidiary Registrants To the degree that information is known, subsidiary registrants (other than railroads) included...
1153. lappuse - While the wholesale price index was falling an average of 0.9 percent annually from 1951 to 1955, the price index for steel was rising an average of 4.8 percent per year. From 1955 to 1958, steel prices were increasing 7.1 percent annually, or almost three times as fast as wholesale prices generally.
1117. lappuse - But merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains.
1107. lappuse - The public financial statements of conglomerate enterprises are almost universally presented on a consolidated basis. This makes it virtually impossible to translate the impact on profits of particular business practices. In a market economy we place heavy reliance on the response of businessmen and investors to profit opportunities. Investors direct the flow of capital funds into the most efficient enterprises. But as a firm becomes increasingly conglomerated, its public financial reports become...
1210. lappuse - The organization or unit classified consists of the company and all subsidiaries included in the consolidated financial statements submitted to the Securities and Exchange Commission. Basis of Company Classification In general each company was classified on the basis of its major activity as determined by the product or group of products produced or handled, or services rendered. The major line of activity as reflected by the gross revenues of the company was the principal criterion used in classifying...