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Loss of Shareholder Control and the 'Managerial Revolution'?

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  • Anders Brostrom

    (The Swedish Center for Working Life)

Abstract

The debate on economic democracy has to some extent centered around the role of the mandators within the enterprise. It has been an assumption since the work of Berle and Means The Modern Corporation and Private Property - was published, that the separation of ownership and control has meant a loss of control for the mandators. This article discusses that thesis and claims that the company is still in the hands of the owners through delegation and proxy. There is no such thing as a managerial revolution.

Suggested Citation

  • Anders Brostrom, 1984. "Loss of Shareholder Control and the 'Managerial Revolution'?," Economic and Industrial Democracy, Department of Economic History, Uppsala University, Sweden, vol. 5(1), pages 1-27, February.
    • Handle: RePEc:sae:ecoind:v:5:y:1984:i:1:p:1-27
    DOI: 10.1177/0143831X8451002
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