The Rise of Shareholder Primacy, With Sean Delehanty
Danny and Derek speak with historian Sean Delehanty about the invention of shareholder value and the transformation of the American corporation in the late 20th century.

Here's where to find podcasts from The Nation. Political talk without the boring parts, featuring the writers, activists and artists who shape the news, from a progressive perspective.
Danny and Derek speak with historian Sean Delehanty about the invention of shareholder value and the transformation of the American corporation in the late twentieth century. They discuss postwar conglomerates and corporate social responsibility, the crisis of Fordism, the rise of financial economics, and the theory of the firm. They also look at hostile takeovers, leveraged buyouts, private equity, the collapse of the public corporation, and the bipartisan consolidation of shareholder primacy in the 1990s.
Buy Sean’s book Company Men: The Invention of Shareholder Value and the Splintering of the American Economy.
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Traders work on the floor of the American Stock Exchange (AMEX) in New York.
(Michael Nagle / Bloomberg via Getty Images)Danny and Derek speak with historian Sean Delehanty about the invention of shareholder value and the transformation of the American corporation in the late 20th century. They discuss postwar conglomerates and corporate social responsibility, the crisis of Fordism, the rise of financial economics, and the theory of the firm. They also look at hostile takeovers, leveraged buyouts, private equity, the collapse of the public corporation, and the bipartisan consolidation of shareholder primacy in the 1990s.
Buy Sean’s book Company Men: The Invention of Shareholder Value and the Splintering of the American Economy.
Subscribe to The Nation to support all of our podcasts: thenation.com/podcastsubscribe.

Here's where to find podcasts from The Nation. Political talk without the boring parts, featuring the writers, activists and artists who shape the news, from a progressive perspective.
Historian Patrick Wyman returns to the show to talk about the deep history of human societies and how they can inform the current moment. They explore new ways of studying prehistory, the origins of agriculture, climate adaptation, the Clovis people, the long Neolithic, early farming societies, states and security, the Bronze Age collapse, and more.
Listen to Patrick’s Past Lives podcast.
And grab a copy of his new book Lost Worlds: How Humans Tried, Failed, Succeeded, and Built Our World.
Don’t forget the AP livestream, this Wednesday at 8pm ET on our YouTube channel.
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