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However, at the close of the 19th century there was a widespread movement on the part of the livery companies to revive interest in their respective crafts and trades and to devote corporate funds, where these existed, to charity and technical education in various schools and university colleges.
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For example, she writes that in the mid-1990's, the percentage of corporate profits devoted to corporate philanthropy in Silicon Valley dropped.
It recently enlarged its staff devoted to corporate accountability and has become more willing to make its case openly when private persuasion fails.
Called "Vision of Global Strategy," the sappy ditty has cringe-worthy lyrics that prompted howls of laughter on Web sites devoted to corporate anthems when it first came out.
Lots of older directors, observes Jeffrey Sonnenfeld of Yale University's School of Management, "are bewildered if not resentful" about the time now devoted to corporate governance.Others are setting up offices to help them cope with the pressure.
So it has devoted considerable corporate resources into opposing President Obama's plan for a public option that could give consumers more choices.
Private investigators now devote themselves to corporate background checks, high-tech surveillance, retrieving deleted e-mail messages from company hard drives and, of course, the occasional old-style sleuthing, like trailing cheating spouses.
If all of the money, talent, and energy that has been devoted to corporate-style rewards and punishment had been invested in teaching and learning, would our schools have just flushed it down their toilets?
August A. Busch 3d, chairman and president of the parent company in St . Louis is relinquishing the presidency of the beer unit and will devote more time to corporate duties and working with other subsidiaries, the company said.
Companies that market to gays online, or devote parts of their corporate Web sites to gays and lesbians, may also reap more subtle benefits, said Robert Williams, general manager for retail in Motorola's personal communications sector -- primarily, its cellphone business.
The short-termism of America and Britain may not actually be a good thing Mr Hutton was right, and ahead of the game, to argue for better auditing and for institutional investors such as pension funds to devote more effort to corporate governance.
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