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Marshall Field's, Macy's and the Absentocracy

Posted by: Abhijeet Chavan
Thanks to: Christopher Swope
22 September 2005 - 12:00pm

Can big business maintain local values, even as national and international conglomerates swallow up hometown companies?

"Chicago's anguish comes from the sense of hopelessness that comes with seeing decisions that hurt the city's image being made somewhere else...Big business' civic energy was once dispersed in every community...That energy, however, is increasingly consolidated in faraway corporate boardrooms, subject to the bottom-line concerns of stockholders."

Full Story: The Absentocracy, Ctd.
Source: Governing.com: 13th Floor, September 22, 2005
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