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Corporate Collusion in the Petroleum and Defense Industries: A Theoretical Approach

Received: 14 May 2013    Accepted:     Published: 30 June 2013
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Abstract

While interlocking directorates have been misused in Corporate America for decades, traditionally this misuse is in violation of the various antitrust act legislations. Since corporate collusion generally occurs between companies in common industries, and most often involves price fixing or manipulating supply of a product to yield greater pricing and profits, these antitrust violations are often a foregone conclusion. This case study analyzes a type of corporate collusion through interlocking directorates that is far more ominous, exploring the power of interlocking directorates and demonstrating how they may have been misused to manipulate foreign policy and military strategies, and in this case study, how the petroleum and defense industries may have benefitted from these actions.

Published in Social Sciences (Volume 2, Issue 3)
DOI 10.11648/j.ss.20130203.13
Page(s) 112-127
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Interlocking Directorates, Corporate Collusion, Antitrust, Petroleum Industry, Defense Industry

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    Rammy Haija. (2013). Corporate Collusion in the Petroleum and Defense Industries: A Theoretical Approach. Social Sciences, 2(3), 112-127. https://doi.org/10.11648/j.ss.20130203.13

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    Rammy Haija. Corporate Collusion in the Petroleum and Defense Industries: A Theoretical Approach. Soc. Sci. 2013, 2(3), 112-127. doi: 10.11648/j.ss.20130203.13

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    Rammy Haija. Corporate Collusion in the Petroleum and Defense Industries: A Theoretical Approach. Soc Sci. 2013;2(3):112-127. doi: 10.11648/j.ss.20130203.13

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  • @article{10.11648/j.ss.20130203.13,
      author = {Rammy Haija},
      title = {Corporate Collusion in the Petroleum and Defense Industries: A Theoretical Approach},
      journal = {Social Sciences},
      volume = {2},
      number = {3},
      pages = {112-127},
      doi = {10.11648/j.ss.20130203.13},
      url = {https://doi.org/10.11648/j.ss.20130203.13},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ss.20130203.13},
      abstract = {While interlocking directorates have been misused in Corporate America for decades, traditionally this misuse is in violation of the various antitrust act legislations. Since corporate collusion generally occurs between companies in common industries, and most often involves price fixing or manipulating supply of a product to yield greater pricing and profits, these antitrust violations are often a foregone conclusion. This case study analyzes a type of corporate collusion through interlocking directorates that is far more ominous, exploring the power of interlocking directorates and demonstrating how they may have been misused to manipulate foreign policy and military strategies, and in this case study, how the petroleum and defense industries may have benefitted from these actions.},
     year = {2013}
    }
    

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    T1  - Corporate Collusion in the Petroleum and Defense Industries: A Theoretical Approach
    AU  - Rammy Haija
    Y1  - 2013/06/30
    PY  - 2013
    N1  - https://doi.org/10.11648/j.ss.20130203.13
    DO  - 10.11648/j.ss.20130203.13
    T2  - Social Sciences
    JF  - Social Sciences
    JO  - Social Sciences
    SP  - 112
    EP  - 127
    PB  - Science Publishing Group
    SN  - 2326-988X
    UR  - https://doi.org/10.11648/j.ss.20130203.13
    AB  - While interlocking directorates have been misused in Corporate America for decades, traditionally this misuse is in violation of the various antitrust act legislations. Since corporate collusion generally occurs between companies in common industries, and most often involves price fixing or manipulating supply of a product to yield greater pricing and profits, these antitrust violations are often a foregone conclusion. This case study analyzes a type of corporate collusion through interlocking directorates that is far more ominous, exploring the power of interlocking directorates and demonstrating how they may have been misused to manipulate foreign policy and military strategies, and in this case study, how the petroleum and defense industries may have benefitted from these actions.
    VL  - 2
    IS  - 3
    ER  - 

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Author Information
  • Department of Sociology, Pacific University, Forest Grove, Oregon, OR, USA

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