Commentary - 09/25/2006

Who "Controls" The Drug Companies?

So, who really controls the major drug companies and distributors, according to market cap. When you start to see that the same "owners" show up in drugs, healthcare and hospital companies, it's no wonder that we can not afford to pay our medical bills. Perhaps this is why we can't even get help from our representatives to Congress: [and this is only from the top 20 list.]

American Medical Assn$19,380,000
Pharmaceutical Rsrch & Mfrs of America$16,517,781
American Hospital Assn$16,405,186
Blue Cross/Blue Shield (Wellpoint)$ 8,903,590
Medical Lobbying Total for 2005$61,206,557
From OpenSecrets.org

No wonder politicians don't care about how much it costs to run for their office. Healthcare might just be only one avenue by which public affairs is used for private gain. Another interesting fact is that of the eight companies listed, 32 key executives take out a total of $70.41M PER YEAR! No wonder pills cost so much.

I can't help but think that nothing has really changed since 1889, when the Great Red Dragon book was published, except that a greater amount of power has been concentrated into fewer hands since then, at significant costs to all of us.

In fact, on October 6, 2006, in the Wall Street Journal, there was a front page article specifically about how "Middlemen Strike It Rich." Yeah, and at our expense. It was as simple as broad revisions to a key published list. Read the story:
How Quiet Moves By A Publisher Sway Billions In Drug Spending.

The point is, control of American companies is rapidly being consolidated into a few foreign hands, and they are also doing so at "frantic" pace. Damn any of the promises that had been made, such as retirement benefits, health care and pensions. And why is this being done? To "own the earth in fee simple."

You can do the same lookup on any public corporation and see for yourself who controls what. You will also see that some of the major holders are hardly nothing more than a "front" for another, more powerful group. Simply find out who the major holders of the major holders are and you will see for yourself. This is simply to make it easier to deceive the public.

While doing this, remember that it only takes 10%, sometime less, sometimes more, of the stock to "control" a widely-held corporation. Especially when management and insiders show little or zero ownership. They, as hirelings, simply take their marching orders and their large paychecks, and everybody else be damned. If they show any conscience about what happens to their employees or customer base, they are simply replaced by another "aggressive leader." Be sure to click on the company's stock letters to check on these "Key Executives," the sums they were paid last year, and the stock options they cashed.

Another problem we're facing now is the growth of private-equity groups, which don't have to make the same disclosures as the publicly-held groups. This is why they keep gaining up on the SEC to "prevent" disclosure and accountability. This story appeared September 1, 2006:
Buyout Firms Join Lobbying Efforts.

I have no illusions that they are simply another type of "Snakes In Suits." One last thing: If you found this information valuable, please help support this site. With that being said, here goes:

Major Drug Companies (as of 30-JUN-2006)  
Symbol Name Of Corporation
PFE

4 Key
Execs
Take
$8.3M/yr

Major
Holders
1. Pfizer Inc. [$207.59B] (acquired Searle in 2003)
Barclays Global Investors UK Holdings Ltd4.48%
State Street Corporation3.06%
Vanguard Group, Inc.2.58%
Franklin Resources, Inc.1.90%
AXA (Paris, France)1.83%
Dodge & Cox Inc.1.75%
FMR Corporation (Fidelity Management & Research Corp)1.52%
Deutsche Bank Aktiengesellschaft1.51%
Legg Mason Inc.1.50%
Capital Research And Management Company1.36%
Top 10 of 1477 Institutional Holders Control21.49%
Barclays and "Associates" Control10.94%
JNJ

5 Key
Execs
Take
$11.49M/yr

Major
Holders
2. Johnson & Johnson [$187.76B]
FMR Corporation (Fidelity Management & Research Corp)4.99%
Barclays Global Investors UK Holdings Ltd4.83%
State Street Corporation4.42%
Johnson, Robert Wood Foundation2.27%
Northern Trust Corporation1.47%
Mellon Financial Corporation1.32%
State Farm Mutual Automobile Insurance Co1.29%
Legg Mason Inc.1.21%
Massachusetts Financial Services Co.1.04%
Top 10 of 1477 Institutional Holders Control22.84%
Barclays and "Associates" Control13.25%
GSK

Major
Holders
3. Glaxosmithkline plc [$152.67B]
% of Shares Held by US Institutional & Mutual Fund Owners:10.00%
% of Float Held by US Institutional & Mutual Fund Owners:10.00%
Company is headquartered in Brentford, the United Kingdom..
Company's mailing address is Brentford, the United Kingdom..
Barclays probably owns controlling interest in Glaxosmithkline plc.
NVS

Major
Holders
4. Novartis AG [$122.13B]
% of Shares Held by US Institutional & Mutual Fund Owners:3.00%
% of Float Held by US Institutional & Mutual Fund Owners:3.00%
Company is headquartered in Basel, Switzerland.
Company's mailing address is Basel, Switzerland.
AZN

Major
Holders
5. AstraZeneca plc [$99.57B]
% of Shares Held by US Institutional & Mutual Fund Owners:8.00%
% of Float Held by US Institutional & Mutual Fund Owners:8.00%
Company is headquartered in London, the United Kingdom.
Company's mailing address is London, the United Kingdom.
Barclays probably owns controlling interest in AstraZeneca plc.
MRK

5 Key
Execs
Take
$7.89M/yr

Major
Holders
6. Merck & Co. Inc. [$91.27B]
Capital Research And Management Company5.60%
Barclays Global Investors UK Holdings Ltd4.40%
State Street Corporation3.37%
Franklin Resources, Inc.3.35%
AXA (Paris, France)3.08%
FMR Corporation (Fidelity Management & Research Corp)2.72%
Vanguard Group, Inc.2.60%
Deutsche Bank Aktiengesellschaft1.87%
Brandes Investment Partners L.P.1.87%
Mellon Financial Corporation1.63%
Top 10 of 1047 Institutional Holders Control30.49%
Barclays and "Associates" Control12.75%
ABT

4 Key
Execs
Take
$8.98M/yr

Major
Holders
7. Abbott Laboratories [$73.69B]
Capital Research And Management Company6.22%
Wellington Management Company, LLP4.35%
Barclays Global Investors UK Holdings Ltd3.35%
State Street Corporation2.75%
Vanguard Group, Inc.2.58%
Northern Trust Corporation2.14%
Morgan Stanley1.73%
Mellon Financial Corporation1.42%
Deutsche Bank Aktiengesellschaft1.39%
Legg Mason Inc.1.26%
Top 10 of 1128 Institutional Holders Control27.19%
Barclays and "Associates" Control12.65%
WYE

5 Key
Execs
Take
$11.31M/yr

Major
Holders
8. Wyeth [$68.12B]
FMR Corporation (Fidelity Management & Research Corp)5.72%
Barclays Global Investors UK Holdings Ltd4.06%
Wellington Management Company, LLP3.86%
UBS Global Asset Management2.88%
State Street Corporation2.59%
Vanguard Group, Inc.2.55%
Morgan Stanley2.22%
Capital Research And Management Company2.07%
Lord Abbett & Co.2.04%
JP Morgan Chase & Company1.76%
Top 10 of 1088 Institutional Holders Control29.75%
Barclays and "Associates" Control10.94%
LLY

Top Key
Exec
Takes
$3.83M/yr

Major
Holders
9. Eli Lilly & Co. [$63.74B]
Lilly Endowment, Inc.12.72%
Capital Research And Management Company8.85%
Wellington Management Company, LLP5.88%
Barclays Global Investors UK Holdings Ltd2.98%
State Street Corporation2.52%
Vanguard Group, Inc.2.49%
Primecap Management Company2.49%
AXA (Paris, France)2.48%
State Farm Mutual Automobile Insurance Co1.78%
Morgan Stanley1.29%
Top 10 of 861 Institutional Holders Control43.48%
Barclays and "Associates" Control6.79%
BMY

4 Key
Execs
Take
$7.77M/yr

Major
Holders
10. Bristol-Myers Squibb Co. [$48.77B]
Capital Research And Management Company10.93%
Morgan Stanley4.51%
Bank Of America Corporation3.65%
Barclays Global Investors UK Holdings Ltd3.36%
Franklin Resources, Inc.3.04%
Wellington Management Company, LLP2.78%
Brandes Investment Partners L.P.2.73%
Vanguard Group, Inc.2.58%
State Street Corporation2.57%
Barrow, Hanley Mewhinney & Strauss, Inc.2.45%
Top 10 of 918 Institutional Holders Control39.60%
Barclays and "Associates" Control17.13%
MCK

4 Key
Execs
Take
$10.85M/yr

Major
Holders
11. McKesson Corp. (Drug Wholesaler) [$15.20B]
Wellington Management Company, LLP11.92%
Capital Research And Management Company5.54%
Goldman Sachs Group Inc4.64%
State Street Corporation4.02%
Legg Mason Inc.3.36%
Barclays Global Investors UK Holdings Ltd3.33%
Vanguard Group, Inc.2.61%
Glenview Capital Management, LLC2.48%
FMR Corporation (Fidelity Management & Research Corp)2.43%
Janus Capital Management, LLC1.63%
Top 10 of 429 Institutional Holders Control41.96%
Barclays and "Associates" Control15.35%


2006 by Edward Ulysses Cate

Help Support This Site
Commentary Index:
Home: