Jump to ContentJump to Main Navigation
Mapping the ElitePower, Privilege, and Inequality$
Users without a subscription are not able to see the full content.

Surinder S. Jodhka and Jules Naudet

Print publication date: 2019

Print ISBN-13: 9780199491070

Published to Oxford Scholarship Online: August 2019

DOI: 10.1093/oso/9780199491070.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 25 November 2020

Heirs, Corporate Aristocrats, and ‘Meritocrats’

Heirs, Corporate Aristocrats, and ‘Meritocrats’

The Social Space of Top CEOs and Chairpersons in India

Chapter:
(p.70) 2 Heirs, Corporate Aristocrats, and ‘Meritocrats’*
Source:
Mapping the Elite
Author(s):

Jules Naudet

Adrien Allorant

Mathieu Ferry

Publisher:
Oxford University Press
DOI:10.1093/oso/9780199491070.003.0003

This chapter proposes an analysis of the social space inhabited by the CEOs and chairpersons of the top 100 Indian companies in 2012, using a Multiple Correspondence Analysis (MCA). The analysis aims to understand the internal divisions to be found in the field of economic power, by looking at the divisions along the lines of educational capital, inherited capital (family capital), caste and social capital (drawing on a network analysis of interlocking directorates). Our results point to a very peculiar structuration of the economic field: we find that credentialism has a very weak influence; there is a clear and massive cleavage between owners and managers of capital; social capital carries decisive weight; and the actors closest to the State apparatus occupy a marginal role. We argue that it is possible to identify three poles among business leaders: the multipositional family-business owners, the unipositional family-business owners, and the managerial galaxy.

Keywords:   caste, meritocracy, privilege, capitalism, corporate network, education, wealth, credentialism, patrimonialism

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .