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

The Rise of Fiduciary Capitalism: How Institutional Investors Can Make Corporate America More Democratic Hardback - 2000

by James P. Hawley

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  • Hardcover

Description

Hardback. New. Traces the rise of public and private pension funds, which now control as much as 50 percent of the equity in American corporations, and argues that shareholders in those funds could use their power to make corporations more responsive to social needs.
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First line

In the United States the growth of institutional investors (public and cooperative pension funds, corporate and union pension funds, and mutual funds and bank trusts) over the past twenty-five years has concentrated a substantial amount of corporate equity into the hands of a relatively small number of fiduciary institutions.

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Citations

  • Choice, 03/01/2001, Page 1316

About the author

James P. Hawley is Transamerica Professor of Business Policy and Strategy at the School of Economics and Business Administration at Saint Mary's College of California. Andrew T. Williams is Associate Professor at the School of Economics and Business Administration at Saint Mary's College of California.