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Miller, F. P., Vandome, A. F., & McBrewster, J. (2010), CBS Radio: Infinity Broadcasting Corporation, radio station, Clear Channel Communications, CBS, Viacom, Cumulus Media, Citadel Broadcasting, corporation, CBS Corporation, CBS Radio Network, Alphascript Publishing{{citation}}: CS1 maint: multiple names: authors list (link)
The article states: "Depending on the number of owners, a corporation can be classified as aggregate (the subject of this article)" First, everyone knows that shareholders do not own the corporate assets or the corporation. Second, someone needs to decide whether the corporation is defined best as an "aggregate" (i.e., "group of people") or an "entity." It can't be both. 190.14.207.107 (talk) 15:11, 25 December 2024 (UTC)[reply]
There a many inaccuracies in this article. Here is yet another.
"Limited liability separates control of a company from ownership and means that a passive shareholder in a corporation will not be personally liable either for contractually agreed obligations of the corporation," First, limited liability is NOT a defining feature of a corporation. Corporations did not have limited liability for shareholders in the past. Second, shareholders are NOT owners. Third, limited liability is not the reason for the separation of ownership and control--See Berle and Means 1932. Forth, activist shareholders also have limited liability, so they don't need to be passive. 190.14.207.107 (talk) 15:21, 25 December 2024 (UTC)[reply]
"Shareholders do not typically actively manage a corporation; shareholders instead elect or appoint a board of directors" Shareholders do NOT "appoint" a board. When the founders and state create the corporation, the founders appoint a board, then the board sells stock. Does anyone disagree? Also, in a non-profit corporation, there are no shareholders and boards, like a board of trustees, is appointed by other trustees, the president, and I'm not sure who else.190.14.207.107 (talk) 15:38, 25 December 2024 (UTC)[reply]
If you are referring to when the corporation is established, the sequence of events are stated: the state and founders create the corporation, the founders appoint a board, then the board sells stock thus creating shareholders, after which the shareholders elect the board. These are indisputable facts. 38.108.32.107 (talk) 15:33, 9 January 2025 (UTC)[reply]
Editors of this article do not appear to be serious
The comments above indicate numerous inaccuracies in the article. Since the comments were posted, one editor made one irrelevant reply. Thus, the article stands in all of its non-factual glory. When I read the article, I'm stunned at how many contradictions there are in it. For such and important topic, this seems crazy. I will refrain from mentioning the issues as most are cited in the comments above. But this situation indicates a fundamental failing of Wikipedia, its policies, moderators, and editors, in my opinion. This is likely why university professors don't trust it or allow it in assignments. 38.108.32.107 (talk) 15:30, 9 January 2025 (UTC)[reply]
You're right, this article is quite uninspired. It doesn't even define what exactly a corporation is. And to suggest that traded corporations are the first corporations when universities, churches, guilds, and towns came before them is preposterous. It's an embarrassment to Wikipedia. 188.142.170.209 (talk) 10:59, 19 June 2025 (UTC)[reply]
LOL. What a ridiculous first sentence of mishmashes and gobbledygook: "A corporation or body corporate is an individual or a group of people, such as an association or company, that has been authorized by the state to act as a single entity (a legal entity recognized by private and public law as "born out of statute"; a legal person in a legal context) and recognized as such in law for certain purposes." 188.142.170.209 (talk) 11:02, 19 June 2025 (UTC)[reply]
level-3 vital article is rated C-class on Wikipedia's content assessment scale.
