Research report 2023 - Max Planck Institute for the Study of Societies

Who controls companies today?

Braun, Benjamin
Forschungsbereich Wirtschaftssoziologie
The rise of asset managers is changing the balance of power between the wealthy and the rest of society – employees, companies and the state. Unlike 20 years ago, more power is now concentrated in the hands of a few, mainly US fund and private equity companies. These players are not only influencing company management but increasingly the economic structure as a whole. In the United States, this is becoming a real threat to competition; in Germany, we are seeing similar developments at an early stage.

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