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Paper: Corporate board 'interlocks' lead to managerial entrenchment

19:00 EST 30 Nov 2016 | AAAS

(University of Illinois at Urbana-Champaign) The Rolodexes of the business elite help account for the surprising resilience of managerial control of publicly held corporations, leading to an entrenched management structure that comes at the expense of shareholder value, says research from U. of I. labor professor Richard Benton.

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