They write the laws. They decide which politicians you will vote for. They ship your jobs overseas. They demand bailouts with your money when they blow up the financial system. They pay themselves obscene amounts of compensation. They have kept your wages below inflation since 1989. Their arrogance and hubris know no bounds. They eat at the best NYC restaurants. They fly on private jets. They spend their summers in the Hamptons. They rule this country. The incestuous relationships of these whores is there for all to see.
Conspiracy theorists allege that the world’s most rich and powerful people have secret meetings at places like Bilderberg or Bohemian Grove, or that one can find rooms on Wall Street or in DC where world-changing deals go down amidst a cloud of cigar smoke.
While there is still debate as to the true extent of the above claims, even the most skeptical of us can agree that the most powerful executives between Wall Street and the biggest corporations in America are intimately connected. Government officials are also in that web, but that’s a project for another day.
The above visualization looks at the directors of 30 of America’s largest publicly traded corporations on the Dow Jones Industrial Average. Of this group, there are a grand total of three companies that do not share board members with other companies in the index.
All other companies have board members like Ronald Williams or Kenneth Chenault, who connect the dots. Williams used to run Aetna, but now sits on the boards of Boeing, Johnson & Johnson, and American Express. Chenault is the CEO and chairman of American Express, but also sits on the boards of IBM and Procter & Gamble.
Looking at the company-level, one can easily see a corporation such as Exxon Mobil having two connections with American Express, or single connections to JP Morgan, Walmart, Merck, Caterpillar, and Traveler’s Insurance.
15 U.S. Code § 19 – Interlocking directorates and officers, should be amended to read:
No person shall concurrently serve on multiple corporate board.
We shouldn’t hold our breath for this to happen. The corruption is so pervasive, that the system is irreparable.
This would not have been a revelation 40 or 50 years ago much less today. Yes, we know we are being fucked by the .0001%. What other news do ya have?
Looks like a whole lot of screwing going on!
Ma
Sadly, this is nothing new.
Read Charles Savoie’s Silver Stealers articles. He profiles the various oligarch scumbags who were part of the Pilgrim Society. One after another he trots out the absolutely ridiculous official job history of these guys and you see one effete snob after another who was somehow on the board of a half dozen huge corporations at a time.
One might have thought that Dupont of Standard Oil or some giant bank would have wanted to have board members who could devote themselves more fully to the task. But maybe it was more important for . . someone to have the boards of all these giant companies interlock.
Sitting on the board of 10 or 12 major corporations is a form of corporate welfare for the elite and celebrities. Each meeting of a corporation during the year could net the attendees from say 10,000 dollars to 50,000 per meeting or more for sitting through a few hours of humdrum.
An interesting case in point would be O J Simpson who sat on the boards of corporations like Infinity Broadcasting, The Hertz Corporation and others. Interesting to me because O J Simpson could barely read or write, he was the perfect token kneegrow who sat in his assigned space and offered no opposition or opinion.
So the last 5 months have been interesting. In March it was announced that there would be a voluntary separation program offered. A caveat after it was announced was that there would be “no further personal actions”. LIES! In May documents were leaked to the local paper that a involuntary separation would occur in June. A set of criteria were fed into a corporate computer along with reviews from everyone. The cpu spit out a list of names (about 3%) of the employees. They were let go with no further discussion. Funny thing is most of the selectees were senior people (10yrs+) making good money. They goal of the cuts was to trim about 300 million. Next they announced a program to spend about 300 million to hire women, minorities, and military. Isn’t that special? I knew a few of the people that were let go. They were not superstars, but they certainly were not the worst, there are plenty of those and they were not cut. This was a money purge and age purge, pure and simple. My site went from being over budget by about 1 million too being in the black by over 2 million. Huh…how did that happen? It’s magic!
Here is the article from the local paper: http://www.oregonlive.com/silicon-forest/index.ssf/2015/07/intel_ceo_addresses_employees.html
Here is the text from the new “talent” blah blah program.
” Every year Intel identifies the critical hires we need to fill to lay the groundwork for continued success in the emerging technologies and global marketplace of the future. Through the company’s Employee Referral Program (ERP), our employees have long been key partners in helping us meet these hiring needs. And when the market for certain candidates—people we need to maintain our leading position—is especially competitive, we sometimes offer extra incentives for referrals of these candidates.
That’s why we’ve created an exciting new Double Bonus incentive for ERP. Now when you refer friends we hire who are women (LAR and U.S.), candidates for specific job profiles, veterans, or underrepresented minorities (U.S. only), you’ll earn twice the regular referral bonus—up to $4000 USD.
Of course, we always want you to refer your brilliant friends from all fields and backgrounds, so the standard ERP bonus will continue. But we also recognize that we need to evolve to keep Intel competitive in the global marketplace and representative of our consumers and communities.
So please help us succeed in our critical hiring goals by participating actively and often in ERP, and help Intel build the innovative, inclusive workforce that will lead us into a brighter future.
To learn more about the Employee Referral Program and available bonus payments, please visit http://referral.intel.com. Or get started now by clicking the button.
Thanks for your help!
Intel Global Talent Acquisition Team”