Commentary - 01/09/2008

Diebold: New Hampshire Vote Counting

I have just received an email from the reliable resource of legitgov.org, showing Where Paper Prevailed, Different Results. That webpage explains the discrepancies between electronic tabulations and hand-counted ballots.

In addition, there is information concerning electronic voting at Democracy For New Hampshire, which said:

81% of New Hampshire ballots are counted in secret by a private corporation named Diebold Election Systems (now known as "Premier"). The elections run on these machines are programmed by one company, LHS Associates, based in Methuen, MA. We know nothing about the people programming these machines, and we know even less about LHS Associates. We know even less about the secret vote counting software used to tabulate 81% of our ballots. People like to say "but we use paper ballots! They can always be counted by hand!"
Well, first let's check out LHS Associates website. They specify that they are the EXCLUSIVE re-seller of Diebold's Accu-Vote in New England. Okay, that establishes that connection.

Then the next thing we should do is find out who are Diebold's Major Share Holders, and how much of Diebold's shares they control. What is obvious from the table below is that Diebold is just another one of those big absentee-owner plantations in which insiders have one percent or less of the shares. This means that Diebold has plantation management beholding only to the Major Holders. By understanding who the Major Holders are, one can determine probable self-interest.

By drilling down into the Major Holders, you'll see the inter-connections between the companies and their Major Holders. That's why a company's actions are not always in the rest of the shareholders interest, but could easily be in the Major Holders interest. That's why people think directors and CEOs do stupid things. It's not stupid if it benefits the Major Holders. However, employees, customers and shareholders NOT privy to that knowledge are screwed. What a way to get around insider trading rules.

It is also an effective means of controlling how people vote through TV network programming, and if the public doesn't vote exactly as planned, simply go tinker with the actual votes themselves. Amazing, isn't it! It's the incestuous relationship of the money power involved in these huge corporate plantations that have lead our Republic down the fascist road of their self-interest. And the public be damned.


Symbol Name Of Corporation
DBD

Major
Holders
Diebold Inc. (As of 30-Sep-2007)
Top 10 Institutional HoldersShares2007Value2006
FMR Corporation (Fidelity Management & Research Corp)7,098,83810.79%$322,429,221-.--%
Cooke & Bieler, Inc *3,940,5515.99%$178,979,826-.--%
Capital Research And Management Company3,250,0004.94%$147,615,000-.--%
Bank Of America Corporation2,490,5533.79%$113,120,917-.--%
Mac-Per-Wolf Company 2,417,8993.67%$109,820,972-.--%
Barclays Global Investors UK Holdings Ltd2,128,5143.24%$96,677,105-.--%
Morgan Stanley1,840,0002.80%$83,572,800-.--%
Aster Investment Management Company Inc1,821,7302.77%$82,742,976-.--%
Vanguard Group, Inc. (The)1,756,8442.67%$79,795,854-.--%
TCW Group, Inc. (The) [Société Générale-France]1,540,9082.34%$69,988,041-.--%
% of Shares Held by All Insider and 5% Owners:1%-.--%
Top 10 [3.7%] of 265 Institutional Holders Control43.00%-.--%
Percentage of Barclays and "Associates" Control19.49%-.--%
NOTE: Fidelity manages two funds that control 4.77%.
Capital Group manages two funds that control 4.10%.
Janus Capital managers a fund that controls 2.68%.
Wells-Fargo manages a fund that controls 1.07%.
Therefore, the TOP 10 control 55.62%, and
Barclays/Associates control 23.24% of Diebold.

Symbol Name Of Corporation
AMG

Major
Holders
Affiliated Managers Group Inc. (As of 30-Sep-2007) [Controls Cooke & Bieler, Inc]
Top 10 Institutional HoldersShares2007Value2006
Price (T.Rowe) Associates Inc2,483,1248.30%$316,623,141-.--%
Wellington Management Company, LLP2,007,9266.71%$256,030,644-.--%
Franklin Resources, Inc1,481,7094.95%$188,932,714-.--%
Munder Capital Management, Inc.1,327,9334.44%$169,324,736-.--%
Blair (William) & Company, LLC1,322,4744.42%$168,628,659-.--%
Eagle Asset Management, Inc.1,099,6343.68%$140,214,331-.--%
JP Morgan Chase & Company1,045,5563.50%$133,318,845-.--%
Nicholas Company, Inc.995,5703.33%$126,945,130-.--%
Oppenheimer Funds, Inc.911,8263.05%$116,266,933-.--%
Vanguard Group, Inc. (The)897,4403.00%$114,432,574-.--%
% of Shares Held by All Insider and 5% Owners:1%-.--%
Top 10 [3.3%] of 306 Institutional Holders Control45.38%-.--%
Percentage of Barclays and "Associates" Control16.75%-.--%
NOTE: T.Rowe Price manages three funds that control 6.22%.
Franklin manages a fund that controls 3.86%.
Nicholas Company manages a fund that controls 3.01%.
Munder manages a fund that controls 2.12%.
Vanguard manages a fund that control 1.69%.
Therefore, the TOP 10 control 62.28%, and
Barclays/Associates control 26.83% of AMG.

Symbol Name Of Corporation
TROW

Major
Holders
T.Rowe Price Group, Inc. (As of 30-Jun-2007) (As of 30-Jun-2006)
Top 10 Institutional HoldersShares2007Value2006
FMR Corporation (Fidelity Management & Research Corp)11,782,4294.44%$611,390,240-.--%
Vanguard Group, Inc. (The)9,325,6803.52%$483,909,5353.13%
Barclays Global Investors UK Holdings Ltd8,162,3453.08%$423,544,0823.08%
Sarofim, Fayez *8,007,6003.02%$415,514,3643.06%
Capital Research And Management Company7,300,0002.75%$378,797,000-.--%
State Street Corporation6,594,5512.49%$342,191,2512.56%
Janus Capital Management, LLC4,391,1101.66%$227,854,6971.62%
Turner Investment Partners, Inc.3,726,5691.41%$193,371,665-.--%
Wellington Management Company, LLP3,481,6051.31%$180,660,4831.57%
American Century Companies, Inc.3,101,8521.17%$160,955,1001.76%
% of Shares Held by All Insider and 5% Owners:4%7%
Top 10 [1.9%] of 507 Institutional Holders Control24.85%22.51%
Percentage of Barclays and "Associates" Control7.23%5.34%

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© 2008 by Edward Ulysses Cate
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