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Amid all enthusiasm regarding the rise of the Digital Age, industrial espionage remains the dark side of the post‐industrial revolution. The Federal Industrial Espionage Act of 1996 aimed at leveling the field regarding widespread cheating and stealing of intellectual properties by competitors in the marketplace. In this paper we aim at defining various forms of industrial espionage in the light of the ongoing information technology revolution.

Posits that since the New Deal era, 1933‐1940, the theory of managerial revolution has sparked tremendous debate concerning the governance of the USA’s large corporations. Argues that an interpretation of The Modern Corporation and Private Property, within the context of other works by Adolf Berle and Gardiner Means, could raise profound insights in terms of a paradigm shift concerning the governance of big corporations in contemporary economy.