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They are salaried professionals (such as some doctors or lawyers), as well as employees in administrative or clerical positions.
A trust or business trust was a form of business entity used in the late 19th century with intent to create a monopoly. Some but not all were organized as trusts in the legal sense. They were often created when corporate leaders convinced the shareholders of all the companies in one industry to convey their shares to a board of trustees, in exchange for dividend-paying certificates. The board would then manage all the companies in "trust" for the shareholders. Eventually the term was used to refer to monopolies in general...
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