At the beginning of the twenty-first century, the structure of corporate ownership is undergoing major change. The Rise of Fiduciary Capitalism chronicles the rise of fiduciary institutions--primarily public and private pension funds--which now own almost 50 percent of the equity of American corporations. In turn, approximately 50 percent of Americans either own stock individually or, more typically, have an ownership or retirement interest in these fiduciary institutions.

James P. Hawley and Andrew T. Williams argue that, because of their extensive diversification of...

Corporate governance, the internal policies and leadership that guide the actions of corporations, played a major part in the recent global financial crisis. While much blame has been targeted at compensation arrangements that rewarded extreme risk-taking but did not punish failure, the performance of large, supposedly sophisticated institutional investors in this crisis has gone for the most part unexamined. Shareholding organizations, such as pension funds and mutual funds, hold considerable sway over the financial industry from Wall Street to the City of London. Corporate Governance...

Originally published in 1987, Dollars and Borders explores the United States government s relation to transnational capital. James P. Hawley traces the attempts of four presidents (John F. Kennedy, Lyndon B. Johnson, Richard Nixon, and Jimmy Carter) in the 1960s and 1970s to restrict international movements of U.S. capital and analyses the political and economic issues confronted by the government during this period. This title will be of particular interest to students of Politics and Economics.