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Transaction Man
''Transaction Man: The Rise of the Deal and the Decline of the American Dream'' is a non-fiction book which chronicles the role of corporations in relation to the American economy and shifts in public policy by Nicholas Lemann, who is a veteran journalist and a '' The New Yorker'' staff writer. Summary Lemann provides a history and impact on the American economy of three economic and social thinkers. He described the history of corporations, economic conditions and policies in the United States in the 20th century. Background Lemann (b. 1954-), first worked as a journalist in his natal city, New Orleans. He worked for the ''Washington Monthly'', '' The Washington Post'', and the ''Texas Monthly''. Over his long career in journalism, he contributed to a number of national magazines in the United States, including '' The Atlantic Monthly'' and '' The New Yorker''. He also served as dean of the Columbia University Graduate School of Journalism. In 1991 he wrote '' The Promised Lan ...
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Nicholas Lemann
Nicholas Berthelot Lemann is an American writer and academic, the Joseph Pulitzer II and Edith Pulitzer Moore Professor of Journalism and Dean Emeritus of the Faculty of Journalism at the Columbia University Graduate School of Journalism. He has been a staff writer at ''The New Yorker'' since 1999. Lemann was elected to the American Philosophical Society in 2022. Early life Nicholas Lemann was born, raised, and educated in a Jewish family in New Orleans. He describes his family's faith as a "kind of super-Reform Judaism" where there were "no kosher laws, no bar mitzvahs, no tallit, no kippot". Education Lemann was educated at Metairie Park Country Day School, a private school in New Orleans, from which he graduated in 1972, followed by Harvard University, where he studied American history and literature, and was president of ''The Harvard Crimson'', where he wrote the ''Brass Tacks'' column, and from which he graduated ''magna cum laude'' in 1976. Life and career Lemann began his ...
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Sherman Antitrust Act Of 1890
The Sherman Antitrust Act of 1890 (, ) is a United States antitrust law which prescribes the rule of free competition among those engaged in commerce. It was passed by Congress and is named for Senator John Sherman, its principal author. The Sherman Act broadly prohibits 1) anticompetitive agreements and 2) unilateral conduct that monopolizes or attempts to monopolize the relevant market. The Act authorizes the Department of Justice to bring suits to enjoin (i.e. prohibit) conduct violating the Act, and additionally authorizes private parties injured by conduct violating the Act to bring suits for treble damages (i.e. three times as much money in damages as the violation cost them). Over time, the federal courts have developed a body of law under the Sherman Act making certain types of anticompetitive conduct per se illegal, and subjecting other types of conduct to case-by-case analysis regarding whether the conduct unreasonably restrains trade. The law attempts to prev ...
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Shareholder
A shareholder (in the United States often referred to as stockholder) of a corporation is an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the legal owner of shares of the share capital of a public or private corporation. Shareholders may be referred to as members of a corporation. A person or legal entity becomes a shareholder in a corporation when their name and other details are entered in the corporation's register of shareholders or members, and unless required by law the corporation is not required or permitted to enquire as to the beneficial ownership of the shares. A corporation generally cannot own shares of itself. The influence of a shareholder on the business is determined by the shareholding percentage owned. Shareholders of a corporation are legally separate from the corporation itself. They are generally not liable for the corporation's debts, and the shareholders' liabil ...
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Gardiner Means
Gardiner Coit Means (June 8, 1896 in Windham, Connecticut – February 15, 1988 in Vienna, Virginia) was an American economist who worked at Harvard University, where he met lawyer-diplomat Adolf A. Berle. Together they wrote the seminal work of corporate governance, ''The Modern Corporation and Private Property''. During the New Deal, Means served as an economic adviser to Franklin D. Roosevelt and Henry A. Wallace. Academic work Means followed the institutionalist tradition of economists. In 1934 he coined term "administered prices" to refer to prices set by firms in monopoly positions. In ''The Corporate Revolution in America'' (1962) he wrote: "We now have single corporate enterprises employing hundreds of thousands of workers, having hundreds of thousands of stockholders, using billions of dollars' worth of the instruments of production, serving millions of customers, and controlled by a single management group. These are great collectives of enterprise, and a system com ...
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The Modern Corporation And Private Property
''The Modern Corporation and Private Property'' is a book written by Adolf Berle and Gardiner Means published in 1932 regarding the foundations of United States corporate law. It explores the evolution of big business through a legal and economic lens, and argues that in the modern world those who legally have ownership over companies have been separated from their control. The second, revised edition was released in 1967. It serves as a foundational text in corporate governance, corporate law (company law), and institutional economics. Berle and Means argued that the structure of corporate law in the United States in the 1930s enforced the separation of ownership and control because the corporate person formally owns a corporate entity even while shareholders own shares in the corporate entity and elect corporate directors who control the company's activities. ''The Modern Corporation and Private Property,'' first brought forward issues associated with the widely dispersed owne ...
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Theory Of The Firm
The theory of the firm consists of a number of economic theories that explain and predict the nature of the firm, company, or corporation, including its existence, behaviour, structure, and relationship to the market. Firms are key drivers in economics, providing goods and services in return for monetary payments and rewards. Organisational structure, incentives, employee productivity, and information all influence the successful operation of a firm in the economy and within itself. As such major economic theories such as Transaction cost theory, Managerial economics and Behavioural theory of the firm will allow for an in-depth analysis on various firm and management types. Overview In simplified terms, the theory of the firm aims to answer these questions: # Existence. Why do firms emerge? Why are not all transactions in the economy mediated over the market? # Boundaries. Why is the boundary between firms and the market located exactly there in relation to size and output variety? ...
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Public Broadcasting Service
The Public Broadcasting Service (PBS) is an American public broadcaster and non-commercial, free-to-air television network based in Arlington, Virginia. PBS is a publicly funded nonprofit organization and the most prominent provider of educational programming to public television stations in the United States, distributing shows such as ''Frontline'', '' Nova'', ''PBS NewsHour'', ''Sesame Street'', and ''This Old House''. PBS is funded by a combination of member station dues, the Corporation for Public Broadcasting, pledge drives, and donations from both private foundations and individual citizens. All proposed funding for programming is subject to a set of standards to ensure the program is free of influence from the funding source. PBS has over 350 member television stations, many owned by educational institutions, nonprofit groups both independent or affiliated with one particular local public school district or collegiate educational institution, or entities owned by or r ...
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AskMen
AskMen is a free online men's web portal, with international versions in Australia, Canada, the Middle East, the United Kingdom and the United States. It is owned by Ziff Davis and operates through the IGN Entertainment unit. History AskMen was founded in August 1999, created by Ricardo Poupada, Christopher Bellerose Rovny and Luís Rodrigues (all three graduates of Concordia University's John Molson School of Business in Montreal, Canada). The company secured $500,000 in venture capital in 2000 while its main competitor, TheMan.com, obtained $17 million in financing from Highland Capital. In November 2000, TheMan.com shut down operations, providing an opportunity for AskMen to become the largest men's lifestyle website online. By 2001, AskMen surpassed the other websites in its category to become the largest men's lifestyle website. In 2005, AskMen was acquired by ''IGN''. In December 2009, the site had an estimated 12 million unique visitors. Print In May 2007 AskMen launched ...
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List Of Wealthiest Historical Figures
Many historical individuals have been described as one of "the wealthiest" ever. This list presents individuals prior to the beginning of contemporary history (which began after World War II) and gathers published estimates of their ( inflation-adjusted) net worth. For the period after the Industrial Revolution, wealth can be measured more or less objectively via inflation adjustment. For the periods of history before that, comparison of wealth becomes more problematic, principally due to the inaccuracy or unreliability of records, and also due to the difficulty of comparing a pre-industrial economy to a modern one, and especially in the presence of an absolute monarchy, where an entire kingdom or empire is considered the ruler's personal property. Excluding monarchs and autocrats, the wealthiest private individuals in the history of capitalism are variously identified as Jakob Fugger, who was of the Early Modern Fugger family of merchants and bankers,Daniel EckerSo wurde Jak ...
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Fortune (magazine)
''Fortune'' is an American multinational corporation, multinational business magazine headquartered in New York City. It is published by Fortune Media Group Holdings, owned by Thai businessman Chatchaval Jiaravanon. The publication was founded by Henry Luce in 1929. The magazine competes with ''Forbes'' and ''Bloomberg Businessweek'' in the national business magazine category and distinguishes itself with long, in-depth feature articles. The magazine regularly publishes ranked lists, including the Fortune 500, ''Fortune'' 500, a ranking of companies by revenue that it has published annually since 1955. The magazine is also known for its annual ''Fortune Investor's Guide''. History ''Fortune'' was founded by ''Time (magazine), Time'' magazine co-founder Henry Luce in 1929 as "the Ideal Super-Class Magazine", a "distinguished and de luxe" publication "vividly portraying, interpreting and recording the Industrial Civilization". Briton Hadden, Luce's business partner, was not enthu ...
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List Of Richest Americans In History
Most sources agree that John D. Rockefeller was the richest American in history having amassed a wealth of more than $445 billion in 2022 dollars. There are various methods of comparing individuals' wealth across time, including using simple inflation-adjusted totals or calculating an individual's wealth as a share of contemporary gross domestic product (GDP). For example, economic blogger Scott Sumner noted in 2018 that Rockefeller was worth $1.4 billion when he died in 1937, which was about $24 billion in dollars adjusted to 2018. Meanwhile, Bill Gates in 1999 was worth nearly $150 billion in dollars adjusted to 2018. The second-richest person in terms of wealth vs. contemporary GDP is disputed. Most sources list Andrew Carnegie, but others say Gates, Cornelius Vanderbilt I, John Jacob Astor IV, or Henry Ford. Lower ranks are a matter of even bigger debate. Vanderbilt left a fortune worth $100 million upon his death in 1870 ($ today). As the United States became the foremos ...
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John D
John is a common English name and surname: * John (given name) * John (surname) John may also refer to: New Testament Works * Gospel of John, a title often shortened to John * First Epistle of John, often shortened to 1 John * Second Epistle of John, often shortened to 2 John * Third Epistle of John, often shortened to 3 John People * John the Baptist (died c. AD 30), regarded as a prophet and the forerunner of Jesus Christ * John the Apostle (lived c. AD 30), one of the twelve apostles of Jesus * John the Evangelist, assigned author of the Fourth Gospel, once identified with the Apostle * John of Patmos, also known as John the Divine or John the Revelator, the author of the Book of Revelation, once identified with the Apostle * John the Presbyter, a figure either identified with or distinguished from the Apostle, the Evangelist and John of Patmos Other people with the given name Religious figures * John, father of Andrew the Apostle and Saint Peter * Pope Jo ...
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