"... people who own businesses, resources, etc. but don’t directly manage most of the decisions for the enterprises and assets under their domain (they have people for that: the functioning capitalists).
also,
"As institutions grew ever more complex, and operated at every larger scales, the separation between ownership and control grew more and more pronounced."
Also ref: Thorstein Veblen in 1923 -- "Absentee Ownership and Business Enterprise in Recent Times"
"... people who own businesses, resources, etc. but don’t directly manage most of the decisions for the enterprises and assets under their domain (they have people for that: the functioning capitalists).
also,
"As institutions grew ever more complex, and operated at every larger scales, the separation between ownership and control grew more and more pronounced."
Also ref: Thorstein Veblen in 1923 -- "Absentee Ownership and Business Enterprise in Recent Times"