The Corporation's Two Bodies

The New York Times quotes Laura Martin of Soleil Securities, as saying "This is management putting its employees and its job security ahead of current Yahoo shareholders' interest." The sense of horror here--that management could actually put the interests of employees ahead of the interests of investors--is interesting, to say the least. It raises an important question that's really almost theological in nature. It is most certainly theological in, as Lawrence Ferlinghetti wrote, "the promised land where every coin is marked In God We Trust, but the dollar bills do not have it being gods unto themselves. ("Autobiography," A Coney Island of the Mind, 1958, New Directions)

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