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Top CEOs, Financialization and the Creation of the Super-Rich Economy’

Davis, Aeron. 2019. Top CEOs, Financialization and the Creation of the Super-Rich Economy’. Cultural Politics, 15(1), pp. 88-104. ISSN 1743-2197 [Article]

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Abstract or Description

This piece takes a close look at top CEOs in the UK. CEOs are not only amongst the ranks of today’s super-rich, they have played a vital part in the evolution of an economic system which supports the super-rich generally. As the paper argues, they have done this in two key ways: first, by promoting a set of financialized free-market ideas about managing the economy to news media and policy-makers, and; second, by managing large companies as financial assets for the benefit of financiers and the super-rich. In both ways, they have encouraged financialization and the funnelling of capital away from the real economy and ordinary employees, and upwards towards the super-rich. The paper is based on 30 interviews with top UK business leaders, including 20 FTSE 100 CEOs, as well as other demographic and qualitative data.

Item Type:

Article

Identification Number (DOI):

https://doi.org/10.1215/17432197-7289542

Keywords:

financialization, elites, corporations, financial markets, CEOs

Departments, Centres and Research Units:

Media, Communications and Cultural Studies > Goldsmiths Leverhulme Media Research Centre
Politics > Political Economy Research Centre

Dates:

DateEvent
20 August 2018Accepted
1 March 2019Published

Item ID:

24602

Date Deposited:

15 Oct 2018 10:54

Last Modified:

09 May 2019 13:09

Peer Reviewed:

Yes, this version has been peer-reviewed.

URI:

http://research.gold.ac.uk/id/eprint/24602

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