Another result of corporate growth has b een the divorce of two attributes of ownership- - the provision of the risk- capital and the ultimate management of the enterprise, 3 the ownership and the control-- in the large corporations. [...] The Watkin's report on deals at length with the prob lem of "private" companies as wholl y -owned subsidiaries being used to maximize the profit of the parent or of the global operations of the parent, al though· - this may b e distinctl y detrimental to the interests of the host juris d iction. [...] The furtherance of scientific education and research generally 1 might certainly appear to sanction the application of this large fund in part to scientific educaion not necessarily useful or beneficial to the company, and in the absence of the evidence to which 1 am about to allude, I should have been disposed to think the terms of the resolution somewhat indefinite and wide and calculated to giv. [...] But it appears from the evidence of the chairman of the company, supported by the evidence of all the other directors, that the company is not aiming by this contribution at securing the education : of scientific men as special. [...] These considerations dispose I think of the objection raised to the wide and general nature of the reference in the resolution to scientific education and research ; '' 27 it is not intended to limit the application of t.h e monc"" to the special branches of sci.
- Pages
- 76
- Published in
- Canada
