ABSTRACT
W E can define the relationship between the corporation and society i n several ways. We may say that legally the corporation is a creature of the state, endowed in the interest of society wi th legal existence, legal rights and privileges. Or we may use the terminology of the pol i t ical analyst and ta lk of the corporation as an institution of organized society which has to f u l f i l l basic social tasks. Or, economically, we may talk of the corporation as the unit i n which our industrial resources are organized for efficient production. Whatever the terminology, the large corporation is a tool and organ of society. Hence society must demand of the corporation that i t be able to discharge the specific economic functions which are its raison d'être. This is an absolute, a supreme demand-as absolute and supreme as the demand that the corporation meet the necessities of its own functioning and survival.
