American businesses today are obsessed with the price of their
stock, and no wonder. The consequences of even a modest decrease
can be so dire that some executives would rather damage their
corporation's long-term health than allow quarterly returns to
fall below projections. But how did this situation come about? When
did the stock market become the driver of the American economy?
Lawrence E. Mitchell identifies the moment in American history when
finance triumphed over industry. He shows how the birth of the
giant modern corporation spurred the rise of the stock market and
how, by the dawn of the 1920s, the stock market left behind its
business origins to become the very reason for the creation of
business itself.
Lawrence E. Mitchell ist Professor an der juristischen Fakultät der George Washington University. Als Experte für Konzern- und Verwaltungsrecht beschäftigt er sich seit Jahren mit dem gesellschaftlichen Phänomen der Selbstsucht und Verantwortungslosigkeit. Darüber hinaus ist er Autor und Herausgeber zahlreicher juristischer und finanzwissenschaftlicher Bücher.
