Adolf A. Berle Quote

No large concentrated stockholding exists which maintains close relationship with the management or is capable of challenging it, so that the board of directors may regularly expect a majority... to follow their lead. Thus they need not consult with anyone when making up their slate of directors... They select their own successors.

p. 73; As cited in: Leslie A White, Robert Carniero, Benjamin Urish (2008) Modern Capitalist Culture. p. 387. - Power Without Property, 1959

No large concentrated stockholding exists which maintains close relationship with the management or is capable of challenging it, so that the board...

No large concentrated stockholding exists which maintains close relationship with the management or is capable of challenging it, so that the board...

No large concentrated stockholding exists which maintains close relationship with the management or is capable of challenging it, so that the board...

No large concentrated stockholding exists which maintains close relationship with the management or is capable of challenging it, so that the board...