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Now appears the fourth stage. In this situation emerge the newer mechanisms, the fiduciary institutions, by which these dispersed stockholdings are at once more becoming concentrated.

— Adolf A. Berle p. 75; As cited in: Richard Brinkman (2013)

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More quotes by Adolf A. Berle

Major corporations in most instances do not seek capital. They form it themselves.

Essentially these stockholders, though still politely called "owners", are passive. They have the right to receive only. The condition of their being is that they do not interfere in management.

p. 73; As cited in: Martin Sicker (2002)

The Russian revolution was nominally based on Communist dogma; but its significant struggle was to find some instrument by which a vast backward country could be mauled into industrialization. The capitalist revolution in which the United States was the leader found apter, more efficient and more flexible means through collectivizing capital in corporations.

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