This article extends our knowledge of scientific marketing management and the reasons behind the emergence of the marketing concept. In our narrative, the banking community plays an important role in promoting marketing in the early 20th century. We illuminate this argument using the writings of Fred W. Shibley (1864–1944) and the theoretical resources of Michel Foucault. For Shibley, marketing advanced the interests of corporate financiers, shareholders and employees. Their profit focus was enabled through the marketing concept and accounting practices that mediated hyper- and disciplinary power. In this discourse, organizational relations reflected a pyramidal management of information through a ‘principle of omnivisibility’. These processes individualized departments and affected all employees. Importantly, these control mechanisms were seeded through ‘displacement’. This discursive move reveals a new dimension underwriting the promotion of the marketing concept and the pursuit of profit. These ‘progressive’ facets of marketing theory and practice were invoked to redirect employee attention away from their fractious relationships with management and the owners of capital. Redirecting employee focus was attempted by positioning the consumer as the ‘boss’, with increased production and consumption framed as ‘unpolitical socialism’. While the marketing management literature depicts the marketing concept in quasi-humanistic terms, we unearth the roles of hyper- and disciplinary power, combined with a status-quo orientation that underwrote its promotion in this formative period.