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By Michael Useem

Pushed by means of declining gains and govt legislation, a brand new type of class-wide company management has emerged: a transcorporate community that's giving a brand new coherence and gear to enterprise in either the USA and Britain. This e-book delineates the "inner circle" of most sensible executives who play a number one function during this community, advising the top degrees of presidency and dealing to advertise a political setting favorable to all business.

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Policies favorable for a firm's profitability are often not the same as those favorable for collective profitability. S. , the classwide principles are increasingly ascendent. ECONOMIC FOUNDATION: THE CONCENTRATION OF CORPORATE RESOURCES Comparatively few corporate units enhance the evolution of a common culture and organization among those directing corporate activities. Coordinated and self-conscious political action is by no means assured, but the concentration of more economic activity in fewer hands should facilitate the formation of networks of communication and action among those whose decisions count.

Companies in commercial banking and other nonindustrial sectors. K. clearing banks could be found by 1983, and insurance had already become so consolidated that it made little sense to list more than the top 25. Accompanying concentration, particularly in recent years, has been product diversification, paced by the so-called conglomerates but pursued to varying degrees by most large firms as well. Not only are large enterprises in control of a dominant and still-expanding share of all economic activity, but most are also increasingly familiar with a range of disparate market conditions, labor forces, and business climates.

In 1968 a survey was conducted of more than 5,000 trustees of a crosssection of American colleges and universities; because business executives are frequently sought for university governing boards, a large number of these trustees—1,307—are executives or directors of large corporations. The survey itself yielded extensive information on the trustees' corporate connections, educational philosophies, fund-raising activities, and influence on the policies of their universities. 48 TWO The Economic and Social Foundation Corporate Ownership, Concentration, and Interlocking Directorship Classwide business organizing has, in the first instance, been made possible by the rise of a favorable economic infrastructure.

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