Abstract

"World War II" to pension funds, insurance companies, mutual funds and other institutional investors as the main institutions, corporate, individual or family shareholders gradually replace the current large U.S. companies have become the major shareholder. Corporate shareholder's stake based on long-term and stable, actively involved in the company's business decisions, strict supervision and control manager, to form a new corporate governance structure, so that separation of ownership and control has the right to re-become one. Means that corporate shareholders of the rise of corporate ownership of capital, it marks the capitalist ownership of production have experienced in the ownership of private capital and private equity capital ownership after two stages of development, has entered a new historical stage of development