Corporate Control, Corporate Power: A Twentieth Century Fund Study
by Edward S. Herman
14 Members (2.00)
On This Page
Description
Deep and detailed research into the workings of corporate enables Professor Herman to throw considerable light on how the board of directors operates, how important outside directors are, how new members are selected, and how multiple directorships interlock the large corporations. Throughout the book the author contrasts the power of the managers with that of other interest groups - bankers, family - and he concludes that power lies with the managers. But this has not changed the basic show more objectives of the corporation - the pursuit of growth and profits - nor has it enhanced social responsibility. After thorough investigation Edward Herman concludes that government regulation has done surprisingly little to reduce the autonomy of the corporation. Just as the influence of bankers and investors has been resisted, so has the effect of regulation. Improved communications and controls, geographic dispersion, and the enhanced adaptability and mobility of the large corporation have all played a part in maintaining corporate power and managerial control. Corporate Control, Corporate Power will be essential reading for executives, policy makers, regulators, and all those concerned to make the corporation more responsible and accountable. show lessTags
Member Reviews
Members
- Recently Added By
Author Information
21+ Works 4,743 Members
Edward Samuel Herman was born in Philadelphia, Pennsylvania on April 7, 1925. He received bachelor's and master's degrees in economics from the University of Pennsylvania and a doctorate from the University of California, Berkeley. He joined the faculty of the Wharton School of Business in 1958 and taught finance there until he retired in 1989. He show more wrote and co-wrote several books including Corporate Control, Corporate Power: A Twentieth Century Fund Study, The Global Media written with Robert McChesney, and The Political Economy of Human Rights and Manufacturing Consent: The Political Economy of the Mass Media, both written with Noam Chomsky. He died from complications of bladder cancer on November 11, 2017 at the age of 92. (Bowker Author Biography) show less
Classifications
Statistics
- Members
- 14
- Popularity
- 1,588,849
- Rating
- (2.00)
- Languages
- English
- Media
- Paper
- ISBNs
- 2
