The Silent Partners: Institutional Investors and Corporate Control

The Silent Partners is in the tradition of such landmark volumes as Adolf A. Berle Jr.'s Power Without Property and Joseph A. Livingston's The American Stockholder. It helps set in focus the public policy issues, as well as the economic and legal questions arising from a predominant fact in present-day business life-the shift in ownership of America's corporations from individuals to institutions. This fact is no less significant than the decline of family ownership and the rise of the publicly owned corporation. Albert J. Kraus, The New York Times