The Vanishing American Corporation by Gerald F. Davis
Navigating the Hazards of a New Economy
This book traces how the once-dominant, long-lived American corporation—rooted in stable employment, internal investment, and community ties—has been transformed into a more transient, financially driven entity focused on short-term shareholder returns. Drawing on historical evidence and case studies, it shows how changes in law, capital markets, executive incentives, outsourcing, and the rise of private equity and venture finance have hollowed firms, weakened worker protections, and redistributed power and wealth upward. The result is greater business dynamism in some sectors but also widespread job precariousness, frayed civic institutions, and a weakening of the social bargains that sustained mid-20th-century prosperity, prompting a call to rethink policies and corporate governance to rebuild durable institutions.
- Published
- 2016
- Nationality
- American
- Length
- Unknown
- Pages
- Unknown
- Original Language
- English
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