At the end of 1968, the United States contained about 1.6 million active, profit-seeking corporations and about 200 million people—one corporation fo… - Neil H. Jacoby

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At the end of 1968, the United States contained about 1.6 million active, profit-seeking corporations and about 200 million people—one corporation for each 126 persons.

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About Neil H. Jacoby

Neil Herman Jacoby(September 19, 1909 – May 31, 1979) was a university professor and public servant and was widely recognized as an expert on matters of taxation, finance, economic policy, and business-government relationships.

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Alternative Names: Neil Herman Jacoby N. H. Jacoby
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The largest corporations, like companies of lesser size, are a changing rather than a static group. Their annual turnover rate reflects the rise or decline of management and the vagaries of business fortune. Of the hundred largest industrial corporations in 1909, only thirty-six remained on this list in 1948. And, of the top hundred companies in 1948, only sixty-five continued to hold this ranking in 1968.

The revelation that American companies were making payments to foreign political parties and government officials touched a sensitive nerve in the post-Watergate era. Although most knowledgeable people were aware of the bribery of domestic government officials, they felt more keenly about the payment of millions of dollars to foreign officials.

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