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Ownership of wealth without the appropriate means of control and control of wealth without noticeable ownership seems to be the most rational result of corporate development1. It is apparent that control is something apart not only from ownership but from management as well. This is a well known characteristic of the corporate system. This system recognizes five different types of control2, even though there is no dividing line that separates these different types. Berle and Means center of attention was primarily on the management control. This is the type of control which ownership is so widely distributed where it is almost impossible for an individual or a small group of individuals who has even a small interest to control the affairs of the company3. In their classical work, "The Modern Corporation and Private Property"4 Adolf Berle and Gardiner Means sought to combine legal and economic views in order to explain the...

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