Authors:
  • As the corporation's size and power grew, so did the need to assuage people's fears of it. The corporation suffered its first full-blown legitimacy crisis in the wake of the early-twentieth-century merger movement, when, for the first time, many Americans realized that corporations, now turned behemoths, threatened to overwhelm their social institutions and governments.

    Joel Bakan (2005). “The Corporation: The Pathological Pursuit of Profit and Power”, p.16, Simon and Schuster