ABSTRACT
Most American business is done by corporations, ranging in size from virtually one-man affairs to massive enterprises like General Motors, which today spends more money annually than the United States Government used to spend in the nineteen-twenties. For to a very large extent successful corporations today are self-financing. For the very nature of corporate business has been undergoing a change. The various specialists who are drawn into the employ of a big corporation are not, in most cases, by any means shut away from others of their kind who work for other employers. New style corporations are getting new-style leaders. The American corporation of today, large or small, is not only an economic unit. It is a political unit too, in the sense that most of those who work for it are much more conscious, during most of their working hours, of being under its governance than of being under the governance of the regular political officials.
