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Historically, corporations were understood to be responsible to a complex web of constituencies, including employees, communities, society at large, suppliers, and shareholders. But in the era of deregulation, the interests of shareholders began to trump all the others. How can we get corporations to recognize their responsibilities beyond this narrow focus?How can we get corporations to recognize their responsibilities to society, rather than just shareholders?

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Shareholders of Continental and United Airlines have finally voted to form a more perfect United Airlines, merging the two companies under United's name to create the world's largest airline service, overtaking its closest U.S. rival -- the newly merged Delta and Northwest Airlines -- and European carriers.

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There was the Jason Blair scandal, the Judith Miller WMD fiasco, the John McCain (yawn) brouhaha and the appointment of neocon "never-get-it-right" William Kristol as an Op-Ed columnist, to mention a few New York Times blunders. All that and a shareholders' assault make the Sulzbergers' lock on ownership of The New York Times seem not entirely impregnable, explains Vanity Fair's Michael Wolff.

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