“The corporation’s first responsibility is to its stockholders,” said Mr. Bates.
“No,” Mr. Magundi replied, “the corporation’s first duty is to the moral law, just as yours or mine is. A corporation is legally a person, and it cannot expect to enjoy the privileges of personhood without the responsibilities. When a man loses touch with the moral law so completely that he becomes a danger to his neighbors, we have procedures for locking him up as a dangerous psychopath. If a corporation is legally a person, then a corporation that displays all the behaviors of a deranged psychopath should be legally a madman; and we should be able to lock it up in some sort of receivership until we’re sure it’s no longer a danger to the community.”