Sir Deryck Maughan--Corporate and policy affiliations: Kohlberg Kravis Roberts (2011 assets: $8.6 billion); former CEO of Salomon Brothers from 1992 to 1997 a Chairman of the US-Japan Business Council; GlaxoSmithKline plc (2011 revenue: $41 billion); Thomson Reuters Corporation (2011 revenue: $13.8 billion).
Thomas K. Montag--Corporate affiliations: president of Global Banking & Markets for Bank of America (2011 revenue: $94 billion); Merrill Lynch (division of Bank of America, 2009; 2011 assets management: $2.3 trillion); Goldman Sachs (2011 revenue: $28.8 billion).
Class III Directors (terms expire in 2014):
Murry S. Gerber--Corporate affiliations: executive chairman of EQT (2010 revenue: $1.3 billion); Halliburton Company.
Linda Gosden Robinson-- Corporate affiliations : former CEO of Robinson Lerer & Montgomery; Young & Rubicam Inc.; WPP Group plc. (2011 revenue: $15 billion); Revlon, Inc. (2011 revenue: $1.3 billion).
John S. Varley--Corporate affiliations: CEO of Barclays (2011 revenue: $32 billion); AstraZeneca PLC (2011 revenue: $33.5 billion).
BlackRock is one of the most concentrated power networks among the global 1 percent. The eightteen members of the board of directors are connected to a significant part of the world's core financial assests. Their decisions can change empires, destroy currencies, and impoverish millions. Some of the top financial giants of the capitalist world are connected by interlocking boards of directors at BlackRock, including Bank of America, Merrill Lynch, Goldman Sachs, PNC Bank, Barclays, Swiss Reinsurance Company, American International Group (AIG), UBS A.G., Arab Fund for Economic and Social Development, J. P. Morgan Chase & Co., and Morgan Stanley.
A 2011 University of Zurich study, research completed by Stefania Vitali, James B. Glattfelder, Stefano Battiston at the Swiss Federal Institute, reports that a small group of companies--mainly banks--wields huge power over the global economy. [xxvi] Using data from Orbis 2007, a database listing thirty-seven million companies and investors, the Swiss researchers applied mathematical models--usually used to model natural systems--to the world economy. The study is the first to look at all 43,060 transnational corporations and the web of ownership between them. The research created a "map" of 1,318 companies at the heart of the global economy. The study found that 147 companies formed a "super entity" within this map, controlling some 40 percent of its wealth. The top twenty-five of the 147 super-connected companies inc ludes:
1. Barclays PLC*
2. Capital Group Companies Inc.
3. FMR Corporation
5. State Street Corporation
6. J. P. Morgan Chase & Co.*
7. Legal & General Group PLC
8. Vanguard Group Inc.