Cindy Sheehan's Soapbox
September 29, 2013
GUEST: *PETER PHILLIPS
TOPIC: THE FINANCIAL CORE OF THE TRANSNATIONAL CAPITALIST CLASS
Project Censored has just finish a year long study on the people on the boards of directors of the top ten asset management firms and the top ten most centralized corporations in the world. With overlaps there is a total of thirteen firms in our study: Barclays PLC, BlackRock Inc., Capital Group Companies Inc., FMR Corporation: Fidelity Worldwide Investment, AXA Group, State Street Corporation, JPMorgan Chase & Co., Legal & General Group PLC (LGIMA), Vanguard Group Inc., UBS AG, Bank of America/Merrill Lynch, Credit Suisse Group AG, and Allianz SE (Owners of PIMCO) PIMCO-Pacific Investment Management Co. The boards of directors of these firms, totaling 161 individuals. They are the financial core of the world’s Transnational Capitalist Class. Collectively, these 161 people manage $23.91 trillion in funds impacting nearly every country in the world.
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*Peter Phillips is professor of sociology at Sonoma State University and president of Media Freedom Foundation/Project Censored.