HISTORY HANGOUT: CONVERSATION WITH SEAN DELEHANTY
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What is the purpose of an American corporation? Is it to serve as an integral organ of society, generating plural benefits for owners, workers, communities, and the general public alike? Or is it strictly to generate monetary benefit for its owners? During the twentieth century, the dominant model of the American corporation shifted from the former to the latter. This so-called shareholder value revolution had profound consequences for American political economy and society.
