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The Global 1%: Exposing the Transnational Ruling Class

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opednews.com Headlined to H1 8/19/12

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

4. AXA

5. State Street Corporation

6. J. P. Morgan Chase & Co.*

7. Legal & General Group PLC

8. Vanguard Group Inc.

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occupybohemiangrove.com

President Media Freedom Foundation, former director of Project Censored.

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Having only read the first page, I was stunned to ... by Paul Repstock on Sunday, Aug 19, 2012 at 8:44:57 PM
We should be mindful of the reason for the clarity... by Jim Eldon on Monday, Aug 20, 2012 at 11:12:43 AM
It is a valuable article. It is important for ever... by Paul Repstock on Sunday, Aug 19, 2012 at 10:54:40 PM
This article represents the mother load.   ... by Ned Lud on Monday, Aug 20, 2012 at 6:25:36 AM
One of the most important articles in years. Shoul... by Enoch Page on Monday, Aug 20, 2012 at 12:27:24 PM
"An adult requires more than $72,000 to belong to ... by Ralph Dratman on Monday, Aug 20, 2012 at 2:11:54 PM
This is a must read article for the 99% Its only c... by Paul Del Gatto on Monday, Aug 20, 2012 at 4:13:10 PM
the people was supposed to function, then the mass... by Mark Adams JD/MBA on Monday, Aug 20, 2012 at 7:38:14 PM
It seems that most of the people who are aware of ... by Deborah Dills on Monday, Aug 20, 2012 at 8:23:54 PM
Voting is most definitely not the answer. See "Con... by Jim Eldon on Tuesday, Aug 21, 2012 at 7:45:13 PM
we need is about another 45% not voting to really ... by Mark Adams JD/MBA on Wednesday, Aug 22, 2012 at 12:50:21 PM
How do you know half the people are already not vo... by Jim Eldon on Wednesday, Aug 22, 2012 at 2:50:54 PM
...that told of how so many, if not all, of the 1%... by Ginger McClemons on Tuesday, Aug 21, 2012 at 2:24:27 PM