Podcast / American Prestige / Jan 27, 2026

The Rise of Shareholder Primacy, With Sean Delehanty

Danny and Derek speak with historian Sean Delehanty about the invention of shareholder value and the transformation of the American corporation in the late 20th century.

The Nation Podcasts
The Nation Podcasts

Here's where to find podcasts from The Nation. Political talk without the boring parts, featuring the writers, activists and artists who shape the news, from a progressive perspective.

The Rise of Shareholder Primacy w/ Sean Delehanty | American Prestige
byThe Nation Magazine

Danny and Derek speak with historian Sean Delehanty about the invention of shareholder value and the transformation of the American corporation in the late twentieth century. They discuss postwar conglomerates and corporate social responsibility, the crisis of Fordism, the rise of financial economics, and the theory of the firm. They also look at hostile takeovers, leveraged buyouts, private equity, the collapse of the public corporation, and the bipartisan consolidation of shareholder primacy in the 1990s.

Buy Sean’s book Company Men: The Invention of Shareholder Value and the Splintering of the American Economy.

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Traders work on the floor of the American Stock Exchange (AMEX) in New York.

(Michael Nagle / Bloomberg via Getty Images)

Danny and Derek speak with historian Sean Delehanty about the invention of shareholder value and the transformation of the American corporation in the late 20th century. They discuss postwar conglomerates and corporate social responsibility, the crisis of Fordism, the rise of financial economics, and the theory of the firm. They also look at hostile takeovers, leveraged buyouts, private equity, the collapse of the public corporation, and the bipartisan consolidation of shareholder primacy in the 1990s.

Buy Sean’s book Company Men: The Invention of Shareholder Value and the Splintering of the American Economy.

Subscribe to The Nation to support all of our podcasts: thenation.com/podcastsubscribe.

The Nation Podcasts
The Nation Podcasts

Here's where to find podcasts from The Nation. Political talk without the boring parts, featuring the writers, activists and artists who shape the news, from a progressive perspective.

Russia Drone Barrage in Ukraine, West Bank Settler Violence, U.S. Destroys Ecuador Dairy Farm | American Prestige
byThe Nation Magazine

Just a reminder: there was too much Iran news to fit into this episode, so we gave it a standalone special you can find here. Otherwise, this week around the world: in Israel-Palestine, the Gaza Board of Peace negotiates a Hamas disarmament agreement (1:54) while the West Bank sees settler violence surge around Nablus (3:35); Pakistan resumes its war with Afghanistan after the Eid ceasefire expires (7:09); Trump reschedules his China trip for May (8:26); in Sudan’s Blue Nile State, RSF and SPLM-N militants seize Kormuk as Chad boosts its border military presence after Sudan spillover violence (11:19); in Ukraine, Russia launches a massive drone barrage as a new offensive begins (14:14), the United States ties security guarantees for Ukraine to territorial concessions (16:04), and Russia reportedly offers to end support for Iran in exchange for the U.S. ends support for Ukraine (19:00); Denmark’s snap election leaves Mette Frederiksen weakened, but still in contention to govern (21:46); Raul Castro joins Cuba’s talks with the United States (23:55); in Ecuador, a U.S.-backed operation reportedly destroys a dairy farm instead of a drug camp (27:12); the UN General Assembly condemns the transatlantic slave trade, the United States votes no (29:56); Trump pays TotalEnergies to halt East Coast wind projects (31:22).

Be sure to check out our new series premiering Tuesday, Marx Prestige. Listen to the trailer here.

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Daniel Bessner

Daniel Bessner is an historian of US foreign relations, and cohost of American Prestige, a podcast on international affairs.

Derek Davison

Derek Davison is a writer and analyst specializing in international affairs and US foreign policy. He is the publisher of the Foreign Exchanges newsletter, cohost of the American Prestige podcast, and former editor of LobeLog.

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