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.
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About the Author
Beth A. Mintz is associate professor of sociology at the University of Vermont. Michael Schwartz is professor of sociology at the State University of New York at Stony Brook.
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First Sentence:
Leasco, a Long Island computer company, grew during the "go-go years" of the 1960s into a large conglomerate approaching Fortune 500 status. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
bank control theory, most central corporations, bank control theorists, intercorporate affairs, directional interlocks, interlock research, most central firms, bridge centrality, hub centrality, financial interlocks, intercorporate power, centrality derived, interlock network, officer interlocks, centrality rank, bank hegemony, primary interlocks, stock dumping, interlock patterns, interlocked firms, multiple interlocks, stock market encyclopedia, lending consortia, intercorporate coordination, bank centrality Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Business Week, United States, Chase Manhattan, First National Bank of Chicago, Metropolitan Life, First National City Bank, Equitable Life, General Motors, Bankers Trust, Chemical Bank, Continental Illinois, Pacific Mutual, Manufacturers Hanover, Morgan Guaranty, Western Bancorp, Penn Central, Phelps Dodge, General Electric, International Harvester, Lehman Brothers, United California Bank, Big Three, Southern Pacific, Cyprus Mines New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Leasco, a Long Island computer company, grew during the "go-go years" of the 1960s into a large conglomerate approaching Fortune 500 status. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
bank control theory, most central corporations, bank control theorists, intercorporate affairs, directional interlocks, interlock research, most central firms, bridge centrality, hub centrality, financial interlocks, intercorporate power, centrality derived, interlock network, officer interlocks, centrality rank, bank hegemony, primary interlocks, stock dumping, interlock patterns, interlocked firms, multiple interlocks, stock market encyclopedia, lending consortia, intercorporate coordination, bank centrality Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Business Week, United States, Chase Manhattan, First National Bank of Chicago, Metropolitan Life, First National City Bank, Equitable Life, General Motors, Bankers Trust, Chemical Bank, Continental Illinois, Pacific Mutual, Manufacturers Hanover, Morgan Guaranty, Western Bancorp, Penn Central, Phelps Dodge, General Electric, International Harvester, Lehman Brothers, United California Bank, Big Three, Southern Pacific, Cyprus Mines New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 13
books:
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60
books
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- Social Problems by Burton Wright in Back Matter (1), Back Matter (2), and Back Matter (3)
- Economic Development (9th Edition) by Michael P. Todaro in Back Matter
- Social Problems (10th Edition) (MySocKit Series) by D. Stanley Eitzen in Back Matter
- on page 241
- Monopoly Capital: An Essay on the American Economic and Social Order by Paul Baran on page 23
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- Intercorporate Relations: The Structural Analysis of Business (Structural Analysis in the Social Sciences) by Mark S. Mizruchi on page 82, page 206, and page 232
- Mission Improbable: Using Fantasy Documents to Tame Disaster by Lee Clarke in Back Matter (1), and Back Matter (2)
- Capitalist Collective Action: Competition, Cooperation and Conflict in the Coal Industry (Studies in Marxism and Social Theory) by John R. Bowman on page 58, and page 227
- Managers vs. Owners: The Struggle for Corporate Control in American Democracy (Ruffin Series in Business Ethics) by Allen Kaufman in Back Matter (1), and Back Matter (2)
- Theoretical Directions in Political Sociology for the 21st Century (Research in Political Sociology) by Dobratz on page 76, and Back Matter
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