Abstract corporations are legal persons, but they are fictitious in the sense of relatinoship building. Relationships are only built with actual people, who may or may not have perfectly aligned interests with the legal entities they work for. This is both true in the instant (a VC might have more than one fund he invests from) and over a lifetime/career (that same VC migh work for various wholly distinct legal entities and /or transition between investing and operational roles. Similarly, governments and banks are run by people wearing multiple hats -- take alook at how many legal entities were inside of enron, lehmand, or one of the other TBTF entities just for some perspective. Other large corporations are likewise composites of various fiefdoms and P&Ls and are not at all aligned internally at the personal level.
edit: I didn't downvote you, but its just part of the picture that might expain something.
edit: I didn't downvote you, but its just part of the picture that might expain something.