Parthasarathi Shome: Are corporations an enigma?

A mix of good and bad behaviour makes MNCs difficult to understand

Corporations, in particular MNCs, are viewed as messengers of deceit by a majority of people worldwide. They are believed to destroy the environment while making sky-high profits for themselves; it is perceived that top corporate managers look out for themselves rather than for shareholders; and it is thought that corporations behaviourally avoid tax by provisioning for losses that they themselves cause — not only for themselves, but for their entire economy, if not the global economy in the case of MNCs. Recently, cases of fraud in various forms – Ponzi loan schemes, insider ...