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1 – 10 of over 2000
Book part
Publication date: 12 December 2022

Joshua Murray

Donald Trump portrayed himself as a crusader against corrupt elites, claiming he would “drain the swamp.” Corporate elites generally depicted themselves as either trying to work…

Abstract

Donald Trump portrayed himself as a crusader against corrupt elites, claiming he would “drain the swamp.” Corporate elites generally depicted themselves as either trying to work with him or as directly opposed to him. Yet a closer analysis of Trump's policies and their outcomes in key issue areas, from taxes to immigration to the environment, shows continuity with previous pro-corporate policies. Furthermore, by positioning Trump as opposed to the elite, Trump and commentators on his presidency created a “radical flank” effect that made status quo, pro-corporate policies appear as progressive victories. This analysis suggests that a focus on the personal characteristics of politicians is misleading, and that the focus of political discourse needs to be on the power structure that shapes policy outcomes.

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Trump and the Deeper Crisis
Type: Book
ISBN: 978-1-80455-513-2

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Book part
Publication date: 10 February 2015

Mairi Maclean, Charles Harvey and Gerhard Kling

Bourdieu’s construct of the field of power has received relatively little attention despite its novelty and theoretical potential. This paper explores the meaning and implications…

Abstract

Bourdieu’s construct of the field of power has received relatively little attention despite its novelty and theoretical potential. This paper explores the meaning and implications of the construct, and integrates it into a wider conception of the formation and functioning of elites at the highest level in society. Drawing on an extensive dataset profiling the careers of members of the French business elite, it compares and contrasts those who enter the field of power with those who fail to qualify for membership, exploring why some succeed as hyper-agents while others do not. The alliance of social origin and educational attainment, class and meritocracy, emerges as particularly compelling. The field of power is shown to be relatively variegated and fluid, connecting agents from different life worlds. Methodologically, this paper connects biographical data of top French directors with the field of power in France in a novel way, while presenting an operationalization of Bourdieu’s concept of the field of power as applied to the French elite.

Book part
Publication date: 8 April 2013

Debra Schleef

Purpose – In this chapter, I examine critically the assumption in the literature that many lawyers decide to leave the practice of law, and especially large law firms, due to…

Abstract

Purpose – In this chapter, I examine critically the assumption in the literature that many lawyers decide to leave the practice of law, and especially large law firms, due to lawyer dissatisfaction. I take a macro focus on employee flows and networks at large law firms, particularly at the elite level.Methodology/approach – I use a large archival data set of alumni data, internal memos, and newsletters from the 1930s through the 1990s from four large New York City corporate law firms. I perform statistical analysis of 2800 cases. I also include qualitative analysis of the newsletters and firm records of comings and goings. I analyze lawyer migration as a mobility project of lawyers in conjunction with Domhoff#x02019;s class-domination theory to explain the interconnectedness of the corporate community, policy networks, governmental positions, the federal judiciary, and high-powered private lawyers.Findings – I explore the various ways that lawyer migration benefits the original firm by creating or strengthening relationships with other large law firms, corporate clients, and governmental organizations. It is clear that most lawyer departures are not meant to signal negative outcomes. Elite lawyers in large firms make both corporate and political connections through their migration, connections that have important repercussions not only for the lawyers but from their original firms.Originality/value of chapter – A fundamental question for sociological analyses of elite professions, and a more practical concern in the field of legal studies, is why do so many lawyers decide to leave the practice of law? The focus of these accounts, both journalistic and academic, is on the fact that lawyers leave – and, in particular, that they leave the practice of law entirely. The explanatory variable, in many cases, is some variation on individual lawyer dissatisfaction. Instead, I show that most lawyer departures are not meant to signal negative outcomes. Lawyer migration benefits the original firm by creating or strengthening relationships with other large law firms, corporate clients, and governmental organizations.

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Networks, Work and Inequality
Type: Book
ISBN: 978-1-78190-539-5

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Book part
Publication date: 23 November 2011

Donald Palmer and Matthew Zafonte

Recent theory and research suggests that local relational networks among business organizations play an important role in establishing and preserving a locale's identity. Such…

Abstract

Recent theory and research suggests that local relational networks among business organizations play an important role in establishing and preserving a locale's identity. Such networks facilitate the development, dissemination, and enforcement of norms and cognitive frames that guide local business behavior. They also provide a vehicle for the consolidation of local business interests and for the coordination of local business strategic action. We examine the factors that influenced the likelihood that the CEOs of large corporations sat on the board of directors of large locally headquartered commercial banks in the 1960s. We focused on the 1960s because doing so allows us to make use of an exceptional comprehensive data set on the attributes and relationships of large firms and their leaders. We examine connections to commercial banks because these banks played a crucial role in community development in the 1960s. We find that both the class attributes of corporate CEOs (as reflected in their ownership of the firm and their affiliation with elite educational, social, and policy-making institutions) and the organizational attributes of their firms (as reflected in their financial structure, geographic reach, and age) influenced a CEO's propensity to sit on the board of a locally headquartered bank. These results suggest that future research on participation in local relational networks should take into account both class and organizational theories. They also suggest that future research on the class and organizational underpinnings of relational networks should pay closer attention to spatial relations.

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Communities and Organizations
Type: Book
ISBN: 978-1-78052-284-5

Book part
Publication date: 5 April 2012

Mike Reed

This chapter reviews three analytical perspectives – ‘structural’, ‘network’ and ‘cultural’ – on the study of power and their implications for theorizing elites. It builds on this…

Abstract

This chapter reviews three analytical perspectives – ‘structural’, ‘network’ and ‘cultural’ – on the study of power and their implications for theorizing elites. It builds on this initial theoretical review by developing a critical realist approach to the study of organizational elites out of the structurally based perspective identified in the first section of the chapter. The explanatory potential of this critical realist approach is then illustrated through two case studies of ruling elites embedded in contrasting historical, political and social contexts. The final section of the chapter provides a discussion of the wider implications of these case study analyses for understanding and explaining the ‘new feudalism’ which is emerging in advanced political economies and societies.

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Rethinking Power in Organizations, Institutions, and Markets
Type: Book
ISBN: 978-1-78052-665-2

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Book part
Publication date: 10 February 2015

Antoine Vion, François-Xavier Dudouet and Eric Grémont

The paper examines the degree of interlocking directorships across the major Eurozone economies. It uses the major stock market indices in France, Germany, Italy, the Netherlands…

Abstract

The paper examines the degree of interlocking directorships across the major Eurozone economies. It uses the major stock market indices in France, Germany, Italy, the Netherlands, and Belgium to identify the top of the corporate elite in each country. For the period of 2005–2008, it studies transnational links between European companies. The paper draws attention to a number of features of these interlocks. Firstly transnational interlocks remain relatively low but secondly they do vary considerably. An important issue here is the degree of bilateral integration which is occurring between some countries within the Eurozone, for example France and Belgium, and the degree to which other countries, most notably, Italy are increasingly disconnected, whilst the two most powerful economies, France and Germany, are very weakly connected. This variability reflects a series of structural divides between big business in the Eurozone that makes it difficult for this corporate elites to be cohesive at the European level.

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Elites on Trial
Type: Book
ISBN: 978-1-78441-680-5

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Abstract

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The Emerald Guide to C. Wright Mills
Type: Book
ISBN: 978-1-80071-544-8

Book part
Publication date: 1 October 2008

Val Burris

This chapter examines interlocks among the governing boards of 12 leading policy-planning organizations and changes in the structure of this network between 1973 and 2000. Methods…

Abstract

This chapter examines interlocks among the governing boards of 12 leading policy-planning organizations and changes in the structure of this network between 1973 and 2000. Methods of multidimensional scaling and hierarchical clustering are used to construct topographical maps of the pattern of interlocks among policy-planning groups and their change over time. In contrast to the findings on corporate interlocking directorates, the study shows that board interlocks among policy-planning organizations are substantively meaningful and relatively stable at the dyadic level, although several changes in the topology of the network are also found. In all three decades, big-business “moderate-conservatives” like the Business Council and the Business Roundtable occupied the most central locations in the network. In the 1970s these organizations were linked with the “corporate liberals” to form the core cluster of the policy network. In the 1980s and 1990s the corporate liberals became relatively isolated from the core and their places were taken by several conservative groups. There was also a sharp rise in the cohesion of the network in the late 1970s and 1980s – a period that is widely seen as one of conservative political mobilization and heightened political unity among business elites. These changes in the structure of the policy network are consistent with and help to account for the rightward shift in U.S. state policy during this period.

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Politics and Public Policy
Type: Book
ISBN: 978-1-84855-178-7

Book part
Publication date: 24 July 2023

Alexandru V. Roman, Ivana Naumovska and Jerayr Haleblian

Corporate crime is prevalent and imposes enormous costs on society, yet our understanding of its antecedents remains poor, especially in relation to executive characteristics. In…

Abstract

Corporate crime is prevalent and imposes enormous costs on society, yet our understanding of its antecedents remains poor, especially in relation to executive characteristics. In this study, we examine the influence of CEO childhood social class on corporate crime. Using a unique data set of CEOs at the largest US corporations, we consider CEO childhood background and develop the argument individuals raised in middle-class families have a greater disposition to commit wrongdoing within the corporations they lead. Specifically, growing up middle-class leaves a lasting status-anxiety imprint, which increases the tendency to engage in corporate crime to preserve or enhance social status. Furthermore, we show two status-anxiety-minimizing factors – Ivy League education and membership in a prominent golf club – weaken the effect of middle-class upbringing on corporate crime. Our findings suggest childhood social class has significant explanatory power for executive behavior and corporate outcomes.

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Organizational Wrongdoing as the “Foundational” Grand Challenge: Definitions and Antecedents
Type: Book
ISBN: 978-1-83753-279-7

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Book part
Publication date: 6 August 2018

Forrest Briscoe and Sean Safford

This paper develops an argument about how contentious changes unfold in organizational fields, focusing on the role of uncertainty – and the networks people use to address…

Abstract

This paper develops an argument about how contentious changes unfold in organizational fields, focusing on the role of uncertainty – and the networks people use to address uncertainty. We propose that as controversial practice gains traction and spreads, the nature of uncertainty facing organizational decision makers also evolves. This dynamic has important implications for how different actors and networks can influence change. We illustrate our argument with a mixed-methods case study on the diffusion of domestic partner benefits across US Fortune 500 companies. Our findings shed light on how – and when – social activists, corporate elites, and middle managers can influence the corporate decision-making process.

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Social Movements, Stakeholders and Non-Market Strategy
Type: Book
ISBN: 978-1-78754-349-2

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1 – 10 of over 2000