Critics warn that corporate leaders have too much influence over American politics. Mark Mizruchi worries they exert too little. American CEOs have abdicated their civic responsibilities in helping the government address national challenges, with grave consequences for society. A sobering assessment of the dissolution of America’s business class.

In the aftermath of a financial crisis marked by bank-friendly bailouts and loosening campaign finance restrictions, a chorus of critics warns that business leaders have too much influence over American politics. Mark Mizruchi worries about the ways they exert too little. The Fracturing of the American Corporate Elite advances the surprising argument that American CEOs, seemingly more powerful today than ever, have abrogated the key leadership role they once played in addressing national challenges, with grave consequences for American society. Following World War II, American business leaders observed an ethic of civic responsibility and enlightened self-interest. Steering a course of moderation and pragmatism, they accepted the legitimacy of organized labor and federal regulation of the economy and offered support, sometimes actively, as Congress passed legislation to build the interstate highway system, reduce discrimination in hiring, and provide a safety net for the elderly and needy. In the 1970s, however, faced with inflation, foreign competition, and growing public criticism, corporate leaders became increasingly confrontational with labor and government. As they succeeded in taming their opponents, business leaders paradoxically undermined their ability to act collectively. The acquisition wave of the 1980s created further pressures to focus on shareholder value and short-term gain rather than long-term problems facing their country. Today’s corporate elite is a fragmented, ineffectual group that is unwilling to tackle the big issues, despite unprecedented wealth and political clout. Mizruchi’s sobering assessment of the dissolution of America’s business class helps explain the polarization and gridlock that stifle U.S. politics.

Based on new archival research, G. Williams Domhoff challenges popular conceptions of the 1930's New Deal. Arguing instead that this period was one of increasing corporate dominance in government affairs, affecting the fate of American workers up to the present day. While FDR's New Deal brought sweeping legislation, the tide turned quickly after 1938. From that year onward nearly every major new economic law passed by Congress showed the mark of corporate dominance. Domhoff accessibly portrays documents of the Committee's vital influence in the halls of government, supported by his interviews with several of its key employees and trustees. Domhoff concludes that in terms of economic influence, liberalism was on a long steady decline, despite two decades of post-war growing equality, and that ironically, it was the successes of the civil rights, feminist, environmental, and gay-lesbian movements-not a new corporate mobilisation-that led to the final defeat of the liberal-labour alliance after 1968.

In this important book, Mark S. Mizruchi presents and tests an original model of corporate political behavior. He argues that because the business community is characterized by both unity and conflict, the key issue is not whether business is unified but the conditions under which unity or conflict occurs.

"Mitchel Abolafia goes behind the scenes with the Federal Reserve's powerful Open Market Committee as it responded to the 2008-2009 financial crisis. Relying on verbatim transcripts of closed meetings, Abolafia shows how assumptions about self-correcting markets stymied the Fed and how its leaders came to embrace new ideas"--

Stewardship entails a profound understanding and acceptance of the challenges that result from the organization’s interdependence with the societal and ecological contexts in which it operates—and of what it takes to embrace the challenges to be a force for building a viable future. This book dares to ask ‘why’ business leaders should embrace stewardship in the current market where profit reigns supreme. A shift in approach represents fundamental change for the corporate world, and even the most advanced corporations consider themselves to be in the starting block of this transition. The book sets out the practical ways in which corporate stewardship can be achieved through embedding new approaches across the different functions of a business. This book, written by the leading thinkers in sustainability research, provides practical guidance on how companies can resolve the paradoxical challenges they face. How can they be at the same time profitable and responsible, effective and ethical, sustainable and adaptable? It explores what businesses are doing, what they can and should do to effectively respond to external challenges, and focuses on how leaders can create cultures, strategies, and designs far beyond “business as usual”.Stewards must not only make proper current use of that which they hold in trust, they also must leave it in better condition for use by future generations. Corporate Stewardship challenges managers, executives, and directors of global corporations to think and act as stewards of both their organizations and the physical and social environments in which they operate.

“Perlstein...aims here at nothing less than weaving a tapestry of social upheaval. His success is dazzling.” —Los Angeles Times “Both brilliant and fun, a consuming journey back into the making of modern politics.” —Jon Meacham “Nixonland is a grand historical epic. Rick Perlstein has turned a story we think we know—American politics between the opposing presidential landslides of 1964 and 1972—into an often-surprising and always-fascinating new narrative.” —Jeffrey Toobin Rick Perlstein’s bestselling account of how the Nixon era laid the groundwork for the political divide that marks our country today. Told with vivid urgency and sharp political insight, Nixonland recaptures America’s turbulent 1960s and early 1970s and reveals how Richard Nixon rose from the political grave to seize and hold the presidency of the United States. Perlstein’s epic account begins in the blood and fire of the 1965 Watts riots, nine months after Lyndon Johnson’s historic landslide victory over Barry Goldwater appeared to herald a permanent liberal consensus in the United States. Yet the next year, scores of liberals were tossed out of Congress, America was more divided than ever, and a disgraced politician was on his way to a shocking comeback: Richard Nixon. Between 1965 and 1972 America experienced no less than a second civil war. Out of its ashes, the political world we know now was born. Filled with prodigious research and driven by a powerful narrative, Rick Perlstein’s magisterial account of how it all happened confirms his place as one of our country’s most celebrated historians.