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I wish this was researched more. The same group of interconnected people serve on board or C-levels of companies. They happily give raises and generous offers t
by 1024core 10y ago
I wish this was researched more. The same group of interconnected people serve on board or C-levels of companies. They happily give raises and generous offers to others, because they know that when their turn comes, the others will do the same to them. Meanwhile, small-time shareholders are powerless, because a large chunk of the shares are held by institutions who don't want to rock the boat, and are just happy that things are fine the way they are.
- rmchugh 10y agoSociology of elites looks at this kind of thing. One fairly easy thing to do is to do a network analysis of board membership. The ones I've seen tend to describe what you already know anecdotally, a small group of elites controlling a large number of central companies.