Corporate Elite

(noun)

A class of high-salaried stockholders, such as corporate CEOs, who do not necessarily have inherited privilege but have achieved high status through their careers.

Related Terms

Examples of Corporate Elite in the following topics:

  • Propaganda and the Mass Media

    • Mass media can be employed to manipulate populations to further the power elite's agenda.
    • The Power Elite is a 1956 book by sociologist C.
    • Wright Mills, in which Mills calls attention to the interwoven interests of the leaders of the military, corporate, and political elements of society and suggests that the ordinary citizen is a relatively powerless subject of manipulation by those entities.
    • This allows the "debate" to continue, when in reality there is firm scientific consensus, in turn allowing those corporations to continue profiting off human behavior that in reality harms the environment.

  • Politics

    • The term is generally applied to behavior within civil governments, but politics has been observed in all human group interactions, including corporate, academic, and religious institutions.
    • Elite or managerial theory is sometimes called a state-centered approach.
    • Through positions in corporations, corporate boards, and policy-planning networks, members of the "elite" are able to exert significant power over the policy decisions of corporations and governments.

  • Bibliography

    • "Elite social circles" Chapter 12 in Burt and Minor (eds).
    • "Market Networks and Corporate Behavior" American Journal of Sociology. 96: 589-625.
    • Interlocks, PACs, and Corporate Conservatism.
    • Change in a Regional Corporate Network.
    • Similarity of Political Behavior among American Corporations.

  • Corporations and Corporate Power

    • Corporations have powerful legal rights, and some have revenues that exceed the revenues of sovereign nations.
    • Once incorporated, a corporation has artificial personhood everywhere it operates, until the corporation is dissolved.
    • A multinational corporation (MNC) is a corporation that either manages production or delivers services in more than one country .
    • Anti-corporate advocates express the commonly held view that corporations answer only to shareholders, and give little consideration to human rights, environmental concerns, or other cultural issues.
    • Multinational corporations are important factors in the processes of globalization .

  • Multinational Corporations

    • A multinational corporation (MNC) is a business enterprise that manages production or delivers services in more than one country.
    • A multinational corporation (MNC) or multinational enterprise (MNE) is a corporate enterprise that manages production or delivers services in more than one country.
    • Multinational corporations can have a powerful influence in local economies, and even the world economy.
    • These patents often allow multinational corporations to exercise a monopoly in the local economy, preventing local enterprises from developing.
    • Walmart is an example of a large multi-national corporation, with stores and manufacturing facilities all over the world.

  • Lobbyists and Special Interest Groups

    • The current pattern suggests much lobbying is done by corporations although a wide variety of coalitions representing diverse groups are possible.
    • Corporations which lobby actively tend to be large corporations, few in number, and often they sell to the government.
    • Most corporations do not hire lobbyists.
    • Corporations considering lobbying run into substantial barriers to entry: Corporations have to research the relevant laws about lobbying, hire lobbying firms, and cultivate influential people and make connections.
    • For example, when an issue regarding a change in immigration policy arose, large corporations that were currently lobbying switched focus somewhat to take account of the new regulatory world, but new corporations—even ones likely to be affected by any possible rulings on immigration—stayed out of the lobbying fray, according to the study.

  • What is Politics?

    • The term is generally applied to behaviour within civil governments, but politics has been observed in all human group interactions, including corporate, academic, and religious institutions.

  • Bachelor's Degree Occupations

    • There are a number of institutions where sociologists find employment, including: schools, churches, hospitals, corporations, government, and social service agencies.
    • Corporations want and need to understand their customers' habits and preferences in order to anticipate changes in their markets.
    • This drive to understand consumers is called consumer research and is a growing interest of corporations.
    • This particular niche may be the single largest opportunity for sociologists in the corporate world.
    • Another key to succeeding in the corporate world with a degree in Sociology is to market your specific skill set.

  • Day Care

    • Another factor favoring large corporate day cares is the existence of childcare facilities in the workplace.
    • Large corporations will not handle this employee benefit directly themselves and will seek out large corporate providers to manage their corporate daycares.

  • White-Collar Crime

    • White-collar crime, is similar to corporate crime, because white-collar employees are more likely to commit fraud, bribery, ponzi schemes, insider trading, embezzlement, cyber crime, copyright infringement, money laundering, identity theft, and forgery .
    • Corporate crime deals with the company as a whole.
    • The relationship that white-collar crime has with corporate crime is that they are similar because they both are involved within the business world.
    • Their difference is that white-collar crime benefits the individual involved, and corporate crime benefits the company or the corporation.
    • One common misconception about corporate crime is that its effects are mainly financial.