# kaal:claim:3071378-017

**Claim.** Top management retains support only so long as others in the corporate structure keep them in power, which gives incumbents an incentive to keep upper management composition unchanged.

**Type.** mechanism  **Support.** argued

**Holds when.**

- hierarchical corporate structures where incumbency depends on internal support

**Source quote.**

> Second, top management are supported so long as others in the corporate structure continue to hold them in power.64 This gives them an incentive to keep the upper management the same.

**From.** Wulf A. Kaal, *Blockchain Technology and Race in Corporate America* (2017), III.1 Corporate Structure, page 16

**Cite as.** Wulf A. Kaal, Blockchain Technology and Race in Corporate America (2017). SSRN: https://ssrn.com/abstract=3071378

**Verify.** sha256 of source PDF `125f01674d13b6bb0310c4be7a20ff538dccbc36ecf352770b3c580028387edd` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202017%20-%20Blockchain%20Technology%20and%20Race%20in%20Corporate%20America.pdf

**Topics.** risk-and-incentives

**Keywords.** incumbency, upper-management, incentives, corporate-structure

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