Main Street And Wall Street
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In our eReader you can find the full English version of the book. Read Main Street And Wall Street Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Main Street And Wall Street
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The management is virtually self- perpetuating and is able, through the power of patronage, the indifference of stockholders, and other influences, to control a majority of the stock. This means that, where representatives of a great banking house are on the board and are financing the corporation and in close relations with the management, the policy of the corporation is largely determined by the bankers where they choose to assume that responsibility. They may name the officers and directors... and they buy and sell their securities without competition on terms that they think fair. The effect of such a system manifestly assures to the bankers a relation that they should not bear any power that they are not entitled to wield over other people's money and property in the determination of questions and policies as to which they sit on both sides of the table.
It is such conditions as these, then, which induce the conclusion that disfranchisement of any class of stock, preferred or common, is inadvisable.
What to read after Main Street And Wall Street?
You can find similar books in the "Read Also" column, or choose other free books by Ripley, William Zebina, 1867-1941 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The management is virtually self- perpetuating and is able, through the power of patronage, the indifference of stockholders, and other influences, to control a majority of the stock. This means that, where representatives of a great banking house are on the board and are financing the corporation and in close relations with the management, the policy of the corporation is largely determined by the bankers where they choose to assume that responsibility. They may name the officers and directors... and they buy and sell their securities without competition on terms that they think fair. The effect of such a system manifestly assures to the bankers a relation that they should not bear any power that they are not entitled to wield over other people's money and property in the determination of questions and policies as to which they sit on both sides of the table.
It is such conditions as these, then, which induce the conclusion that disfranchisement of any class of stock, preferred or common, is inadvisable.
What to read after Main Street And Wall Street?
You can find similar books in the "Read Also" column, or choose other free books by Ripley, William Zebina, 1867-1941 to read onlineMoreLess
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