The Power Structure of American Business

Beth A. Mintz and Michael Schwartz

in University of Chicago Press Economics Books from University of Chicago Press

Abstract: Mintz and Schwartz offer a fascinating tour of the corporate world. Through an intensive study of interlocking corporate directorates, they show that for the first time in American history the loan making and stock purchasing and selling powers are concentrated in the same hands: the leadership of major financial firms. Their detailed descriptions of corporate case histories include the forced ouster of Howard Hughes from TWA in the late fifties as a result of lenders' pressure; the collapse of Chrysler in the late seventies owing to banks' refusal to provide further capital infusions; and the very different "rescues" of Pan American Airlines and Braniff Airlines by bank intervention in the seventies.

Date: 1987
Edition: 1
ISBN: 9780226531090
References: Add references at CitEc
Citations: View citations in EconPapers (2)

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:ucp:bkecon:9780226531090

Ordering information: This item can be ordered from
https://press.uchica ... ago/P/bo3614853.html
The price is $44.00.

Access Statistics for this book

More books in University of Chicago Press Economics Books from University of Chicago Press
Bibliographic data for series maintained by Books Division ().