A new managerial revolution? Ownership, control and perceptions

Article Abstract:

The evolution of managers into shareholders is examined. The separation of ownership from control resulted in the professionalization of managers into non-propertied technical experts who may, in the exercise of authority, have agenda other than the interests of shareholders. Privatization, corporate restructuring and the rise in entrepreneurialism combined have, however, resulted in a larger number of managers who also own shares in their firms. Two surveys of British Institute of Management members, one conducted in 1980 and the other in 1990, lend support to this trend. The predominance of shareholder interests is also evident, largely due to the increase in owner-managers. Other findings include a more pronounced consumer-orientation and differences between managers in the private and public sector.

Analysis, Evaluation, Stocks, Corporate governance, Management buyouts

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Britain's managers over twenty years; A focus on ownership, control and stakeholder interests

Article Abstract:

The article examines manager changes in behavior and attitudes based on a 1980 survey repeated in 1990 and 2000.

United Kingdom, Management Development, History, Management, Beliefs, opinions and attitudes, Managers

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