Who directed firms in the 1920s?

In the 1920s, firms were often directed by a combination of individual entrepreneurs, business leaders, and corporate executives who played key roles in management. This period saw the rise of modern management practices, with figures like Henry Ford in the automotive industry and J.P. Morgan in finance influencing corporate strategies. Additionally, the emergence of professional managers began to shape organizational structures, moving away from family-run businesses to more formalized corporate governance.