CORPORATIONS: Public Enterprise

Who owns Big Business? Not big businessmen, says the current issue of the magazine, Trusts and Estates. In a survey of the 120 biggest U.S. manufacturing companies (total assets: $51,041,000,000), the magazine found only four in which any individual owned as much as 10% of the voting stock. The 120 companies were owned by 6,126,713 stockholders, almost 40% more than the total number of employees (4,464,000).

Of 62 companies giving a breakdown, 24 reported that no individual held as much as 1%. Five out of every six holders owned 100 shares or less. About 9% of the stockholders—accounting for 41% of...

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