Political sociologists interested in corporate power have focused increasingly on the extent to which the business community is cohesive. Studies of cohesion, however, frequently contain either no definition or operational definitions with little theoretical rationale. This paper examines the uses of the term cohesion in the power structure literature as well as in classical and contemporary sociological theory. I argue that: (1) cohesion is most appropriately defined as an objective characteristic of a social structure; (2) to understand a group's power, (...) we should focus on the extent to which its members behave similarly; and (3) the concept of structural equivalence may be as likely to capture the processes of interest to power structure researchers as the concept of cohesion. Findings from a study of corporate political behavior are presented to illustrate this argument. (shrink)

This article presents a reevaluation of C. Wright Mills’s classic book, The Power Elite, in light of recent historical evidence about the changing nature of the corporate elite in the United States. I argue that Mills’s critique of the mid-twentieth century American elite, although trenchant and in large part appropriate, fails to acknowledge the extent to which business leaders of that era adopted a moderate and pragmatic approach to politics. Operating with an orientation they termed “enlightened self-interest,” the elites of (...) that era promoted policies that—at least to an extent—served the interests of the larger population. I show how the history of the American corporate elite as well as the character of the current US big business community allows us to gain a clearer perspective on the actions of the group’s mid-century counterparts. (shrink)