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The Power Structure of American Business

Author

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  • Mintz, Beth A.
  • Schwartz, Michael

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.

Suggested Citation

  • Mintz, Beth A. & Schwartz, Michael, 1987. "The Power Structure of American Business," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226531090, September.
    • Handle: RePEc:ucp:bkecon:9780226531090
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    Cited by:

    1. Wilfried Kisling & Antonio Tena Junguito, 2019. "German trade finance in South America during the second industrial revolution. La Batalla de Buenos Aires, 1875-1913," Oxford Economic and Social History Working Papers _171, University of Oxford, Department of Economics.

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