To complete this thread:

“Managers” are controlled by the C-Suite through institutional politics and incentive structures, the C suite (via the CEO) is held accountable by shareholders, and the board (who are theoretically representing shareholder interests).

A rough picture of shareholder concentration is as follows: 50% of stocks and mutual funds are held by the top 1% richest, 87% by the top 10% richest. Vanguard/Blackrock/State Street cast about a quarter of the votes at S&P500 shareholder meetings, ostensibly in the interest of their shareholders.

So that’s who “controls” management, and whose interests drive most corporate decision making, though obviously there are nuances.

What sphinx of cement and aluminum bashed open their skulls and ate up their brains and imagination?

Moloch! Solitude! Filth! Ugliness! Ashcans and unobtainable dollars! Children screaming under the stairways! Boys sobbing in armies! Old men weeping in the parks!

Moloch! Moloch! Nightmare of Moloch! Moloch the loveless! Mental Moloch! Moloch the heavy judger of men!

Good question. The issue is probably more subtle: are the intended management controls working and doing their job?

Pension fund managers, who in turn work for public employees and voters.

More managers?

H.A.L.?