Power of Story
Send a Tweet        
- Advertisement -

Share on Google Plus Share on Twitter 9 Share on Facebook 10 Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit 1 Share on StumbleUpon Tell A Friend 32 (52 Shares)  

Printer Friendly Page Save As Favorite View Favorites (# of views)   13 comments
General News

The Global 1%: Exposing the Transnational Ruling Class

By       Message Peter Phillips     Permalink
      (Page 6 of 16 pages) Become a premium member to see this article and all articles as one long page.
Related Topic(s): ; ; , Add Tags Add to My Group(s)

Valuable 5   Must Read 4   Well Said 3  
View Ratings | Rate It

opednews.com Headlined to H1 8/19/12

- Advertisement -

According to BlackRock's April 2011 annual report to stockholders, the board of directors consists of eighteen members. The board is classified into three equal groups--Class I, Class II, and Class III--with terms of office of the members of one class expiring each year in rotation. Members of one class are generally elected at each annual meeting and serve for full three-year terms, or until successors are elected and qualified. Each class consists of approximately one-third of the total number of directors constituting the entire board of directors.

  

BlackRock has stockholder agreements with Merrill Lynch & Co., Inc., a wholly owned subsidiary of Bank of America Corporation; and Barclays Bank PLC and its subsidiaries. Two to four members of the board are from BlackRock management; one director is designated by Merrill Lynch; two directors, each in a different class, are designated by PNC Bank; two directors, each in a different class, are designated by Barclays; and the remaining directors are independent.

 

- Advertisement -

BlackRock's Board of Directors

 

Class I Directors (terms expire in 2012):

- Advertisement -

William S. Demchak--Corporate affiliations: senior vice chairman of PNC (assets: $271 billion); J. P. Morgan Chase & Co. (2011 assets: $2.2 trillion).

Kenneth B. Dunn, PhD--Corporate and institutional affiliations: professor of financial economics at the David A. Tepper School of Business at Carnegie Mellon University; former managing director of Morgan Stanley Investment (assets: $807 billion).

Laurence D. Fink--Corporate and institutional affiliations: chairman/CEO of BlackRock; trustee of New York University; trustee of Boys Club of NY.

Robert S. Kapito--Corporate and institutional affiliations: president of BlackRock; trustee of Wharton School University of Pennsylvania.

Thomas H. O'Brien--Corporate affiliations: former CEO of PNC; Verizon Communications, Inc. (2011 revenue: $110 billion).

Ivan G. Seidenberg-- Corporate and policy affiliations : board chairman of Verizon Communications; former CEO of Bell Atlantic; Honeywell International Inc. (2010 revenue: $33.3 billion); Pfizer Inc. (2011 revenue: $64 billion); chairman of the Business Roundtable; N ational Security Telecommunications Advisory Committee; President's Council of the New York Academy of Sciences. [xxv]

- Advertisement -

 

Class II Directors (terms expire in 2013):

Abdlatif Yousef Al-Hamad--Corporate and institutional affiliations: board chairman of Arab Fund for Economic and Social Development (assets: $2.7 trillion); former Minister of Finance and Minister of Planning of Kuwait, Kuwait Investment Authority. Multilateral Development Banks, International Advisory Boards of Morgan Stanley, Marsh & McLennan Companies, Inc., American International Group, Inc. and the National Bank of Kuwait.

Next Page  1  |  2  |  3  |  4  |  5  |  6  |  7  |  8  |  9  |  10  |  11  |  12  |  13  |  14  |  15  |  16

 

- Advertisement -

Valuable 5   Must Read 4   Well Said 3  
View Ratings | Rate It

occupybohemiangrove.com
President Media Freedom Foundation, former director of Project Censored.

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon



Go To Commenting
/* The Petition Site */
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The Global 1%: Exposing the Transnational Ruling Class

Twenty-First-Century Fascism: Private Military Companies in Service to the Transnational Capitalist Class

Voting for Empire is the Sole Option for Democrats and Republicans

Occupy Bohemian Grove

Elite Class Folly in Sonoma County California