Corporate restructuring since the 1970s stems from the neoliberal view of corporations.

Evidence

By the 1970s, antitrust policies were generally repudiated in America. Neoliberals took the curious anomaly in American case law, treating corporations as legal individuals (Nace 2003), and tended to inflate it into a philosophical axiom. Indeed, if anything negative was ever said about the large corporation, it was that separation of ownership from control might conceivably pose a problem, but this was easily rectified by giving CEOs appropriate incentives (massive stock options, golden handshakes, latitude beyond any oversight) and instituting market-like evaluation systems within the corporate bureaucracy. Thus the modern reengineering of the corporation (reduced vertical integration, outsourcing supply chains, outrageous recompense for top officers) is itself an artifact of the neoliberal reconceptualization of the corporation. — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 2133

Categorization

• XREF: connects to: Takeover markets and institutional investors drove shareholder-value restructuring of corporations. — Gerald F. Davis & Suntae Kim, Financialization of the Economy, 31; The 1970s shift toward flexible labor and asset-price growth set up the platform era. — Nick Srnicek, Platform Capitalism, 40; US public corporations were dismantled in the 1980s as capitalism shifted toward financial speculation — Shoshana Zuboff, The Age of Surveillance Capitalism, 128 (+4 more)

Broader Connections

• Corporate capitalism arose from a long decline of entrepreneurial and proletarian phases #expands (0.75)
• Capitalism periodically renews itself through new organizational forms rather than fixed ones #expands (0.72) — Shoshana Zuboff, The Age of Surveillance Capitalism, 1647
• Neoliberalism emerged from practical business advocacy, not abstract theory #corroborates (0.70) — Quinn Slobodian, Globalists, 119