6 H A S K I N S & S E L LS January
Invisible Management
PR E S E N T - D A Y practices in the field
of corporate organization and finance,
as evidenced by a number of reorganizations
and refinancings during the past year,
recently have come under fire.
Professor W. Z. Ripley, of Harvard
University, speaking not long ago before
the annual meeting of the Academy of
Political Science, took occasion to make a
vigorous attack on what he termed a tendency
to "the alarming divorce of the
ownership of property, represented by
securities emitted by corporations or trustees,
from any direct accountability
