Commentary - 10/24/2006

Who "Controls" Our Major Manufacturers?

This page helps determine who really controls the top manufacturing companies. 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.

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:

Largest Diversified Machinery Manufacturers (as of 30-JUN-2006)  
Symbol Name Of Corporation

Illinois Tool Works Inc. [$26.8B]
Northern Trust Corporation11.89%
Capital Research And Management Company6.12%
UBS Global Asset Management5.62%
State Farm Mutual Automobile Insurance Co.3.85%
Barclays Global Investors UK Holdings Ltd2.52%
State Street Corporation2.34%
Capital Guardian Trust Company2.04%
Vanguard Group, Inc.1.97%
Barrow, Hanley Mewhinney & Strauss, Inc.1.67%
FMR Corporation (Fidelity Management & Research Corp)1.17%
Total percentage of Barclays and "associates"16.75%

Ingersoll-Rand Co. Ltd. [$12.35B]
Wellington Management Company, LLP7.74%
FMR Corporation (Fidelity Management & Research Corp)4.68%
NWQ Investment Management Company, LLC.3.80%
Barclays Global Investors UK Holdings Ltd3.06%
Vanguard Group, Inc.2.47%
Morgan Stanley2.42%
Mellon Financial Corporation2.39%
State Street Corporation2.32%
Neuberger Berman, LLC1.96%
Merrill Lynch Investment Managers LP1.85%
Total percentage of Barclays and "associates"14.74%

ITT Corporation [$10.01B]
Barrow, Hanley Mewhinney & Strauss, Inc.5.96%
FMR Corporation (Fidelity Management & Research Corp)3.20%
Vanguard Group, Inc.3.16%
Barclays Global Investors UK Holdings Ltd3.13%
Northern Trust Corporation3.10%
State Street Corporation2.53%
Deutsche Bank Aktiengesellschaft2.33%
Janus Capital Management, LLC2.02%
Wellington Management Company, LLP1.87%
Price (T.Rowe) Associates1.58%
Total percentage of Barclays and "associates"10.34%

Cummins Inc. [$7.05B]
State Street Corporation13.56%
Barclays Global Investors UK Holdings Ltd10.95%
Putnam Investment Management, LLC5.05%
LSV Asset Management4.36%
Vanguard Group, Inc.4.36%
American Century Companies, Inc.4.12%
Acadian Asset Management3.80%
FMR Corporation (Fidelity Management & Research Corp)3.79%
Lord Abbett & Co.3.49%
Mellon Financial Corporation3.36%
Total percentage of Barclays and "associates"32.92%

2006 by Edward Ulysses Cate
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