Disclosure of Corporate Ownership.

Report dealing with identity of principal stockholders of major corporations, prepared for the Subcom on Budgeting, Management, and Expenditures and the Subcom on Intergovernmental Relations, by CRS and subcom consultants.

Bibliographic Details
Corporate Authors:	Library of Congress. Congressional Research Service, ProQuest (Firm)
Format:	Government Document eBook
Language:	English
Published:	[Place of publication not identified] : [publisher not identified], 1973.
Series:	U.S. Congressional Research.
Subjects:	United States. > Federal Maritime Commission. United States. > Federal Power Commission. United States. > Interstate Commerce Commission. Electronic books.
Online Access:	Connect to the full text of this electronic book

Description
Summary:	Report dealing with identity of principal stockholders of major corporations, prepared for the Subcom on Budgeting, Management, and Expenditures and the Subcom on Intergovernmental Relations, by CRS and subcom consultants. Analyzes responses from several hundred corporations to inquiry from Sen. Lee Metcalf (D-Mont) requesting companies' 30 top stockholders and amounts of such holdings, from company reports to Federal regulatory commissions, and financial references in the LC. Describes role of institutional investors in stock market and in corporate management, and corporate reporting requirements of six Federal regulatory agencies regarding stock ownership, control, diversification, debts, and officers. Analysis of this data shows deficiency in such requirements, allowing companies to report "nominees" or "street names" which represent the stock in lieu of stock owners' names. These findings are discussed also in terms of the domination of the largest corporations by six banks, a brokerage firm, and Cede and Co., nominee of the Stock Clearing Corp., owned by the New York Stock Exchange. Reports within volume include recommendations for alternative legislation and administrative reforms regarding disclosure requirements and readjustment of corporate decisionmaking power. Includes tables throughout. Introduction (p. 1-12) defines study parameters, summary of data and its significance, and summaries of each report part. Other contents:
Item Description:	Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed June 2010). Reuse except for individual research requires license from ProQuest, LLC. CRS Report. Electronic resource.
Physical Description:	1 online resource.