On Nov 27, 2008, at 9:47 AM, Charles Turner wrote:
> My original thought was that directors of automotive corporations
> wouldn't want to take a position against other members of their board
> who might also sit on insurance or pharmaceutical corporation boards.
I've done some preliminary research into this, with some more still necessary, but I can say that these overlaps just don't seem all that significant. I think the broader class explanation - the US bourgeoisie doesn't want to give an inch to the proles because it might embolden them to ask for more - makes more sense.
Doug