THE PROFIT PERFORMANCE EFFECTS OF THE SEPARATION OF OWNERSHIP FROM CONTROL IN LARGE U.S. INDUSTRIAL CORPORATIONS.

The article examines the profit performance effects of the separation of the ownership from control in large United States Industrial corporations. It is reported that between the years 1961 and 1969 there was a growing separation of ownership from control in large U.S. industrial corporations. The article explains that this separation affected three different aspects of the corporations' profit performance. These changes included the average rate of return on net worth, the variability of rates of return, and the response of rates of return to changes in corporate profits tax rates.