Organizational Linkages among the Inner Group of the Capitalist Class

Abstract

This study investigates the non-corporate organizational linkages among the inner group of the capitalist class, defined as those who are interlocked with three or more corporations. To the extent that persons already linked through corporate ties also are connected through common memberships in business organizations, social clubs, and other voluntary organizations, the likelihood of a national cohesive power elite is increased. The corporate data used are from the 1976 government study of the 130 major companies in the United States, controlling collectively 25 percent of all assets. The biographical data on the 66 individuals found to sit on three or more boards among these 130 companies were taken from Who's Who. Several key organizations were found where the members of the elite were especially interconnected. A cluster of 15 individuals with 13 or more common memberships within the 66 were identified as having the greatest linkages. The analysis of the number of common links for each possible pair among these 15 individuals revealed an average of 2.76. Moreover, one-third of the 15 had four links or more, with at least five persons among this inner circle, revealing the nucleus of the inner group. These data show that there is a social network, national in scope, which provides a basis for unity among leaders of the capitalist class.