Commentary - 09/18/2006

Who "Controls" The Six Largest Investment Banks?

It seemed an interesting exercise to determine who really controls the six largest national investment companies, according to market cap. It was a lot of work, but it turned out very interesting. 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:

Six Largest Investment Banks (as of 30-JUN-2006)  
Symbol Name Of Corporation
MS

Major
Holders
1. Morgan Stanley [$78.35B]
State Street Corporation10.90%
Barclays Global Investors UK Holdings Ltd6.02%
UBS Global Asset Management3.17%
Vanguard Group, Inc.2.45%
FMR Corporation (Fidelity Management & Research Corp)1.50%
Price (T.Rowe) Associates1.33%
Northern Trust Corporation1.24%
Harris Associates L.P.1.19%
JP Morgan Chase & Company1.14%
TIAA-CREF Investment Management, LLC1.06%
Total percentage of Barclays and "associates"20.63%
GS

Major
Holders
2. Goldman Sachs Group Inc. [$74.56B]
Barclays Global Investors UK Holdings Ltd5.61%
AXA (Paris, France)3.72%
Marsico Capital Management, LLC3.76%
State Street Corporation3.04%
Vanguard Group, Inc.2.47%
Massachusetts Financial Services Co.1.83%
Northern Trust Corporation1.73%
Wellington Management Company, LLP1.68%
Mellon Financial Corporation1.57%
FMR Corporation (Fidelity Management & Research Corp)1.47%
Total percentage of Barclays and "associates"11.95%
MER

Major
Holders
3. Merrill Lynch & Co. Inc. [$68.99B]
State Street Corporation8.76%
AXA (Paris, France)4.89%
Barclays Global Investors UK Holdings Ltd3.85%
Legg Mason Inc.3.62%
FMR Corporation (Fidelity Management & Research Corp)3.26%
Vanguard Group, Inc.2.51%
Morgan Stanley2.17%
Wellington Management Company, LLP1.98%
Northern Trust Corporation1.31%
Goldman Sachs Group Inc1.15%
Total percentage of Barclays and "associates"20.86%
LEH

Major
Holders
4. Lehman Brothers Holdings Inc. [$38.20B]
Legg Mason Inc.5.32%
Marsico Capital Management, LLC4.68%
Barclays Global Investors UK Holdings Ltd3.30%
State Street Corporation3.10%
Mellon Financial Corporation2.65%
Vanguard Group, Inc.2.42%
Private Capital Management, Inc.1.72%
Merrill Lynch Investment Managers Group Ltd.1.33%
FMR Corporation (Fidelity Management & Research Corp)1.15%
Northern Trust Corporation1.13%
Total percentage of Barclays and "associates"18.55%
SCHW

Major
Holders
5. Charles Schwab Corp. [$22.18B]
% of Shares Held by All Insider and 5% Owners19.00%
Price (T.Rowe) Associates3.20%
Jennison Associates LLC2.96%
Morgan Stanley2.92%
Goldman Sachs Group Inc2.89%
Barclays Global Investors UK Holdings Ltd2.49%
State Street Corporation2.23%
Vanguard Group, Inc.2.11%
Stewart (W.P.) & Company, Ltd.1.87%
FMR Corporation (Fidelity Management & Research Corp)1.79%
AXA (Paris, France)1.72%
Total percentage of Barclays and "associates"11.24%
BSC

Major
Holders
6. Bear Stearns Companies Inc.
% of Shares Held by All Insider and 5% Owners7.00%
Private Capital Management, Inc.6.54%
Putnam Investment Management, LLC4.42%
State Street Corporation3.44%
Barclays Global Investors UK Holdings Ltd2.67%
Vanguard Group, Inc.2.41%
Legg Mason Inc.2.03%
Acadian Asset Management1.82%
Mellon Financial Corporation1.56%
Goldman Sachs Group Inc1.54%
Merrill Lynch Investment Managers Group Ltd.1.48%
Total percentage of Barclays and "associates"23.68%


© 2006 by Edward Ulysses Cate
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