Corporate Control, Corporate Power: A Twentieth Century Fund Study [Hardcover]

Edward S. Herman (Author)

Book Description

Publication Date: April 24, 1981 | ISBN-10: 0521239966 | ISBN-13: 978-0521239967 | Edition: 1

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 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.

Editorial Reviews

Book 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.

Product Details

• Hardcover: 432 pages
• Publisher: Cambridge University Press; 1 edition (April 24, 1981)
• Language: English
• ISBN-10: 0521239966
• ISBN-13: 978-0521239967
• Product Dimensions: 8.9 x 6.3 x 1.5 inches
• Shipping Weight: 1.8 pounds
• Amazon Best Sellers Rank: #2,299,607 in Books (See Top 100 in Books)

More About the Author

Edward S. Herman is professor emeritus of finance at the Wharton School, University of Pennsylvania and has written extensively on economics, political economy, and the media. Among his books are Corporate Control, Corporate Power; The Real Terror Network; The Political Economy of Human Rights (with Noam Chomsky); and Manufacturing Consent (with Noam Chomsky). David Peterson is an independent journalist and researcher based in Chicago.