SOC 2010 Lecture Notes - The Travelers Companies, Elite, Getty Oil
28 Jan 2013
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Document Summary
Understanding corporations: a transnational or multinational corporation refers to a large-scale business organization that is headquartered in one country but operating in many countries. The shareholders in transnational corporations live throughout the world. Most shareholders have little control over where plants are located, how much employees are paid, or how the environment is protected: the largest transnational corporations are headquartered in the united states, japan, korea, and. Concentration of corporate wealth: concentration of wealth wealth in the business community is centralized in a relatively few major corporations, and this concentration is increasing. In 2000, for example, the minimum revenue to be in among the 500 largest corporations was . 9 billion. The top corporation, exxon mobil, had billion in revenues. Less that 1% of all corporations account for over 80% of the total output of the private sector. Of the 15,000 commercial u. s. banks, the largest 50 hold more than one-third of all assets.
