Publisher's Synopsis
Excerpt from Impermanent Power, Contested Power: The Circulation of Chief Executive Officers in U. S. Industrial Corporations, 1960-1990
This paper compares and tests two models of power in u.s. Corporations: the model of institutionalization of power, and the model of circulation. These two models provide alternative conceptualizations of intraorganizational politics and of the ability of ceos to develop and maintain stable and cohesive political coalitions that support their power base. The first model has been more prevalent in contemporary organizational theory (salancik and Pfeffer, 1977; Pfeffer, 1981) and posits the ability of ceo's to build upon their power to entrench themselves and perpetuate their power. The second model highlights the contestation and impermanence of the ceo's power, and the increasing obsolescence of and opposition to his executive tenure in the corporation. This paper gives particular attention to the political dynamics of the ceo's power within the board of directors (boeker.
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