ABSTRACT
Management still controls daily operations and still makes the big policy decisions, but within a new, highly restrictive institutional framework— within a system of institutionalized greed. In a reinforcing spiral toward corporate hegemony, more corporate power leads to larger corporate size and larger size leads to more power. Scientific experts, on corporate retainers, impress the community with cost-benefit ratios, statistical analysis, and other scientific talismans of great power. The financial data gathering and number crunching at the corporate office greatly focuses and enhances the control of upper management over what now matters the most—the money. The old independent corporation with a need for new funds used to acquire the new finance by issuing stocks or bonds to investors in the market. If something went wrong in a particular product line, marketing would blame production for inadequate quality control. But production would blame marketing for poor sales performance. And finance would blame everybody else for lack of cost control.
