“ Shares of corporations are owned by individuals who have never seen and never desire to see their company’s office or plant and who do not possess any of the pride of ownership that used to come to a partner in a business enterprise when he watched his product, the product of his own strength and brain, moving to market. ”
Franklin D. Roosevelt, Looking Forward (1933). copy citation
Author | Franklin D. Roosevelt |
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Source | Looking Forward |
Topic | ownership strength |
Date | 1933 |
Language | English |
Reference | |
Note | |
Weblink | https://gutenberg.ca/ebooks/rooseveltfd-lookingforward/rooseveltfd-looki... |
Context
“The matter of pride in reputation, pride in the manner of small dealings as well as the large, is just one of the many things that entered into and created the goodwill of many of our older business institutions. But management, to-day, is not generally in the hands of ownership. Shares of corporations are owned by individuals who have never seen and never desire to see their company’s office or plant and who do not possess any of the pride of ownership that used to come to a partner in a business enterprise when he watched his product, the product of his own strength and brain, moving to market. To-day, con [Pg 233] trolling interests not only may have the disadvantages of absentee ownership, but title may even rest in another corporation itself before it filters down into the hands of individual shareholders.”
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