The Rise of Fiduciary Capitalism: How Institutional Investors Can Make Corporate America More Democratic

by James P. Hawley and Andrew T. Williams

At the beginning of the twenty-first century, the structure of corporate ownership is undergoing major change. The Rise of Fiduciary Capitalism chronicles the rise of fiduciary institutions--primarily public and private pension funds--which now own almost 50 percent of the equity of American corporations. In turn, approximately 50 percent of Americans either own stock individually or, more typically, have an ownership or retirement interest...

• Format: Hardcover
• Language: English
• ISBN: 0812235630
• ISBN13: 9780812235630
• Release Date: October 2000
• Publisher: University of Pennsylvania Press
• Length: 256 Pages
• Weight: 1.45 lbs.
• Dimensions: 0.9" x 6.5" x 9.3"