The Power Structure of American Business

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.

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.

Product details

• Authors: Beth Mintz, Beth A. Mintz, Michael Schwartz, Schwartz Michael
• Publisher: University Presses
• Languages: English
• Product format: Paperback / Softback
• Released: 30.06.1987
• EAN: 9780226531090
• ISBN: 978-0-226-53109-0
• No. of pages: 348
• Dimensions: 16 mm x 23 mm x 2 mm
• Weight: 539 g
• Series: Emersion: Emergent Village resources for communities of faith; mersion: Emergent Village resources for communities of faith
• Subjects: Social sciences, law, business > Business > Management; USA, Business and Management, BUSINESS & ECONOMICS / Banks & Banking, Banking, Business & management, United States of America, USA