Who Holds the Power? Corporate Governance in America

Deborah E. Lange

Chapter Chapter 1 in Cliques and Capitalism, 2011, pp 7-32 from Palgrave Macmillan

Abstract: Abstract By reviewing press releases over the last couple of decades, I investigate who holds the power in corporate America. This is a mystery because in recent times, it is no longer a small prominent group of wealthy families who wield power (Mizruchi, 2004). Today, large American firms are owned by dispersed stockholders, but it is not clear that shareholders control firms, as will be explained. Examining events and perceived causes of the recent financial disaster of 2007–2010 may provide some indication since those who are associated with the problems presumably have had influence over them and, therefore, power over the financial system that supports corporate America.

Keywords: Corporate Governance; Financial Crisis; Institutional Investor; Pension Fund; Hedge Fund (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-01619-5_2

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137016195

DOI: 10.1057/9781137016195_2

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().