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By Katharina Pistor
The fact that American CEOs think they can choose their own masters attests not just to their own sense of entitlement, but also to the state of corporate America, where power over globe-spanning business empires is concentrated in the hands of just a few men (and far fewer women). . . . By capturing the process to which they owe their own positions, American CEOs have made a mockery of shareholder control.
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- Katharina Pistor Edwin B. Parker Professor of Comparative Law