Cover of Modern

Modern

Auhtor: Ernst Ahlgren

Language: swedish
Published: 1888

Genres:

fiction and literature
Downloads: 9
eBook size: 3872Kb

Review by M. Erb, December 2010


Rating: (*****)
Copyright: Public Domain in the U.S.
Please check the copyright status in your country.

Summary of the Book 'Modern':

The Modern Corporation and Private Property is a book written by Adolf Berle and Gardiner Means published in 1932. 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 companys activities. Compared to the traditional notion of property say over ones laptop or bicycle the functioning of modern company law has destroyed the unity that we commonly call property. This occurred for a number of reasons foremost being the dispersal of shareholding ownership in big corporations: the typical shareholder is uninterested in the day to day affairs of the company yet thousands of people like him or her make up the majority of owners throughout the economy. The result is that those who are directly interested in day to day affairs the management and the directors have the ability to manage the resources of companies to their own advantage without effective shareholder scrutiny. The property owner who invests in a modern corporation so far surrenders his wealth to those in control of the corporation that he has exchanged the position of independent owner for one in which he may become merely recipient of the wages of capital... Such owners have surrendered the right that the corporation should be operated in their sole interest... Berle and Means researched the consequences of ownership and control being separate. As businesses grow and shareholders increase in number any shareholdings that directors have will be a proportionally smaller capital stake. Directors income will derive mostly from return on their labor as directors not from their capital investment. If their motivation is purely pecuniary the owners most emphatically will not be served by a profit seeking controlling group. The implications of their work were clear. Berle and Means advocated embedded voting rights for all shareholders greater transparency and accountability. However with the release of the revised edition Berle and Means also pointed to the disparity that existed between those who did have shareholdings and those who did not.

Excerpts from the Book 'Modern':


... brasa motvilligt sjd i ugnen. Bda tycktes vara i frlgenhet fr hvad som borde sgas. Hon stod vid fnstret, stirrande ut p torget han satt borta ...
... begr att lra knna henne till botten: hennes tankar, hennes vsen, de hemliga skrymslena i hennes frflutna-hennes karaktr. Det frekom honom, som ...
... jag p tre dar. Hvardera af novellerna har tagit en eller tv. Hlla i, kedja mig fast, arbeta utan att sknja resultatet-nr det ser ut som om det man ...
... mellan sin son och bokens frfattare. Der var s mycket som upprrde henne i denna bok. Der fans ingen andlig finhet och ingen sins adel der var blott ...
... frn sitt stora vackra skrifbord-och den ligger framfr en. Och s rummet med hvilstolar och draperier, chslong och bokskp. Ingenting fattas. Mer n fgeln ...
... Ja, men han hade tvungit henne att frskapa sig till en automat-till samma automat som brukade frevisa de anatomiska mrkvrdigheterna fr frmmande, ...
... Denna tanke lemnade henne ingen ro. Hon anstrngde sin hjerna fr att ska en mjlighet men hon sg ingen. Och hon knde att hr var intet fr henne att gra. ...
... fram genom den bohuslnska skrgrden, p vg mot norr en vacker julidag. Som en pelare af svart ull stod rken ur skorstenen men vinden tog den snart omhand, ...
... det r som om min ande redan p frhand strckte sig ut och tog hennes sjl i besittning.. Ingen under att ni sg s egenkr ut, der ni satt.. S-. Tyckte ...
... solen. Allt glnste och glittrade i detta sista afskedsskimmer. Frn en lustbt trngde tonerna af ett smktande solo p b-kort och som ett aflgset ...
... med terhllen andedrgt. S lg hon lnge, invaggad i en moders storhetsdrmmar, medan sommarnattens skymning andades ned fver rummet och svepte allt in ...
... gjort honom godt. Hon satt och betraktade honom med sina bruna gon glnsande af tillgifvenhet hon fljde hvarje hans rrelse och min, lyssnade till hvarje ...
... skrattet lg ngonting annat, som skymtade igenom och hans rst, som skulle vara skmtsam och ltt sarkastisk blef klangls och osker d han svarade:. Osvald ...
... med sin kikare, frn hger till venster. Han sg icke en skymt af det der ljusa hufvudet, som han inbillat sig skola finna der. Han stod och letade nda ...
... intresse lyssnat till den fregende debatten. Dethr blir bra. Mor tar sig af kroppen, och jag lofvar godhetsfullt ta mig af sjlen. Tv timmars sjlsmassage ...
... med den fver sitt hr och sitt ansigte men nr han slppte den fll den tillbaka som ett liflst stycke tr. En gng ryckte hon till ofrivilligt:. Du ...
... under dessa tre mnader-och hvad hon varit fr oss, det vet du lika godt som jag. Jag har aldrig frr hllit af henne, tycker jag. Hon gaf mig allt men jag ...
... som vittnade om att dess kld var tillkmpad. Hon hade sagt honom allt hon hade blottat sitt inre fr honom och han hade frsttt att hon var uppriktig ...
... frn hennes mor och inunder med en annan handstil: In memoriam. Men nu ppnades drren rummets och hrligheternas egarinna steg in. Hennes ansigte sg ...
... icke vga s mycket i vgsklen som ett enda litet fjun af detta silkesfina blonda, hr. fven hon mste resignera. Efter terkomsten till Stockholm ...