[PEN-L:28207] corporate crime fighters

["Ian Murray" <seamus2001@xxxxxxxxx>]

William Greider's latest has some interesting stories on what some
legal factions are trying to do about the corporate governance mess:

http://www.thenation.com/doc.mhtml?i=20020805&s=greider

"Workers at every level have a unique, intimate knowledge of the
firm that shareholders and even executives can never acquire. The
employees also accept various risks on behalf of the company's
future that, unlike the CEO contracts, are seldom compensated.
Employee stock ownership (or cooperatives and partnerships) can lead
to the creation of more democratic systems of management and more
equitable distribution of the rewards. It is not that workers will
always get things right, but that the power to determine a company's
direction and purpose is shared more widely among many minds and
voices. The operating values of employees ought to be more firmly
anchored in the surrounding social context and, for that matter, in
common sense. It is hard to imagine that worker-owners could do any
worse than those recently fallen titans."