The Power Structure of American Business (Emersion: Emergent Village resources for communities of faith) - Softcover

Mintz, Beth A. A.; Schwartz, Michael

Softcover

ISBN 10: 0226531090 ISBN 13: 9780226531090

Publisher: University of Chicago Press, 1987

Synopsis

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 this title

About the Authors

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.


Michael Schwartz, professor of sociology at the State University of New York at Stony Brook, is the coauthor of The Business Elite as a Ruling Class and The Power Structure of American Business, the latter of which is also published by the University of Chicago Press.

Edition details

• Publisher: University of Chicago Press
• Publication date: 1987
• Language: English
• ISBN 10: 0226531090
• ISBN 13: 9780226531090
• Binding: Paperback
• Number of pages: 348