The Power Structure of American Business

Beth Mintz,Michael Schwartz

The Power Structure of American Business
Format
Paperback
Publisher
The University of Chicago Press
Country
United States
Published
1 July 1987
Pages
348
ISBN
9780226531090

The Power Structure of American Business

Beth Mintz,Michael Schwartz

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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