This article suggests that the distinction between family and managerial capitalism is not as clear as often assumed and presents empirical evidence for hybrid forms of governance. It is based on a case study of Europe's largest media company, Bertelsmann AG, which grew from a mid-sized firm...

In 1933 the German advertising industry welcomed the Nazi regime because it promised to overcome the Great Depression and to improve the trade's organisation and social status. Hitler's government immediately subjected advertising to comprehensive political regulation, which was not in every...