TAILIEUCHUNG - MILLIONAIRES MANAGERS

This book, written in 1962-63, is a result of a special investigation of control in large American corporations. I decided not to confine myself to a study of the sources available at the time, but also personally to verify the correctness of the managerial revolution theory first advanced by A. Berle and G. Means in the early 1930s. For this purpose I collected all the material published in the United States and accessible to foreign researchers on the distribution of share ownership of the big corporations and banks and other financial institutions, the position of the top managers in these institutions and corporations, the fate of the old large. | 5. Menshiko CONTENTS Page Preface to the English Edition. 5 Chapter I. EVOLUTION OE CAPITAL AND OF THE CAPITALIST. 7 Chapter II. THE VERY RICH. 25 1. American Plutocracy in the 1960s . 25 2. The Old Fortunes. 42 3. Replenishment of the Plutocracy . 54 4. Diminishing Social Inequality and People s Capitalism . 69 Chapter III. MANAGERS AT THE TOP . SO 1. Social Nature of the Managerial Top Echelon 80 2. The Formation of the Managerial Elite . . 91 3. The Market of Top Executives . 100 4. Various Interpretations of the Social Position of Top Management. 116 Chapter IV. DEVELOPMENT OF BANK MONOP- OLIES AND BANK GROUPS. 135 1. Further Evolution of Capitalist Property . . 135 2. The Bank Monopoly System. 139 Chapter V. FINANCE CAPITAL. ITS FORMS AND COMPONENTS. 158 1. Intertwining of the Capital or the Participation System . 160 2. Long-Standing Financial Ties. 171 3. Personal Union. 184 4. Self-Financing of Industrial Corporations and Their Interconnection with Banking Institutions 191 Chapter VI. FINANCIAL 1. The Financial Group as an Economic Category 201 2. Regional Concentration of Finance Capital. The Special Role of New 3. New York Financial Groups. Dictatorship of the Morgans Cause of Its 4. The Morgan Guaranty Trust Group . 234 5. The Rockefeller Group the Chase Manhattan Bank the Chemical Bank New York Trust Co. 258 G. The Group of the First National City Bank of New York the Fords Dillon Read and the Harrimans. 272 7. Other New York 8. Regional Financial 9. Composition of the Financial Oligarchy a .

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