" The Silent Partners is in the tradition of such landmark volumes as Adolf A. Berle Jr.'s Power Without Property and Joseph A. Livingston's The American Stockholder . It helps set in focus the public policy issues, as well as the economic and legal questions arising from a predominant fact in present-day business life-the shift in ownership of America's corporations from individuals to institutions. This fact is no less significant than the decline of family ownership . and the rise of the publicly owned corporation." Albert J. Kraus, The New York Times