Subject: Re: The merger: a user's perspective
From: shapj@us.ibm.com
Date: Tue, 16 Nov 1999 14:02:09 -0500

> a corporation can be chartered to do pretty much anything legal...

Regrettably there are certain exceptions.  A for-profit corporation has a
fiduciary obligation to its shareholders that dominates over all other
issues -- including the charter.

Jonathan S. Shapiro, Ph. D.
Research Staff Member
IBM T.J. Watson Research Center
Email: shapj@us.ibm.com
Phone: +1 914 784 7085  (Tieline: 863)
Fax: +1 914 784 7595