In 1912, J. P. Morgan dominated much of American industry.Morgan partners were on the boards of nearly 40% of the largest U.S. corporations, and had substantial input into corporate decision-making. By 1914, political considerations led J. P. Morgan to resign nearly a third of these directorships.Discuss the pros and cons of having investment bankers siting on the board of directors, from the point of view of:

a) public investors,

b) the companies involved, and

c) public consumers.

d) Discuss the pros and cons of directors being on the boards of competing firms.