The Bureaucrat and the Shoe Salesman

Burnham's originality consisted inntwo daring ideas. First, by adapting thenidea of Berle and Means that thenmodern corporation effects a "separationnof ownership and control," a separationnbetween the stockholders (thenlegal owners of a corporate firm) andnits managers, Burnham redefinednmanagement to mean those who performnthe technical functions of productionnrather than (as in . . .