Jump to ContentJump to Main Navigation
Contests for Corporate ControlCorporate Governance and Economic Performance in the United States and Germany$
Users without a subscription are not able to see the full content.

Mary O'Sullivan

Print publication date: 2001

Print ISBN-13: 9780199244867

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0199244863.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in OSO for personal use (for details see www.oxfordscholarship.com/page/privacy-policy).date: 15 October 2018

The Foundations of Managerial Control in the United States

The Foundations of Managerial Control in the United States

Chapter:
(p.70) 3 The Foundations of Managerial Control in the United States
Source:
Contests for Corporate Control
Author(s):

Mary O'Sullivan

Publisher:
Oxford University Press
DOI:10.1093/0199244863.003.0004

In historical perspective, market control over the allocation of US corporate resources stands out as a recent phenomenon, since for most of the twentieth century, salaried managers have exercised control over resource allocation by US corporate enterprises. In this chapter, the lengthy and complex historical process through which the institutional foundations of managerial control emerged in the US corporate economy is discussed. The focusing, in particular, is on the role of the integration of managers as members of business organizations, the diffusion of share ownership, the changing interaction between the stock market and the public corporation, and the transformation of corporate law in facilitating the separation of beneficial ownership of corporate stock from strategic control over the allocation of corporate resources. The main sections of the chapter are: 3.2, The historical foundations of managerial control; 3.3, Managerial control and the Great Depression; 3.4, and New deals, old deals––which discusses changes in corporate governance, workers’ rights and unionism, and defence of the corporate manager's right to manage.

Keywords:   beneficial ownership, corporate economy, corporate governance, corporate law, corporate resources, corporate stock, Great Depression, history, institutions, manager's rights, managerial control, resource allocation, share ownership, strategic control, unionism, USA, workers’ rights

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .