Outing the Oligarchy - International Forum on Globalization

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— INDIVIDUALS OF UNDUE INFLUENCE — HAROLD SIMMONS, USA $9.3 BILLION [AS OF SEPTEMBER 2011] Wealth: Harold Simmons is a buyout investor who, through his publicly traded holding company, Valhi, controls five companies: NL Industries (titanium dioxide); Titanium Metals Corporation, <strong>the</strong> world’s largest producer of titanium; Valhi, a multinational company with operations in <strong>the</strong> chemicals, component products, waste management, and titanium metals industries; CompX <strong>International</strong>, a manufacturer of ergonomic products; and Kronos Worldwide, a leading producer and marketer of titanium dioxide. The value of Valhi’s shares increased 250% between <strong>the</strong> summer of 2010 and <strong>the</strong> summer of 2011. 98 Power Networks: Simmons is a right-wing activist and a major funder of conservative causes. He backed <strong>the</strong> Swift Boat attacks that derailed John Kerry’s presidential campaign, allowing George W. Bush to be re-elected and accelerate and consolidate his policy approach of enshrining fossil fuels and avoiding any commitments on climate. He has been one of Texas Governor Rick Perry’s long-time supporters with Texas State disclosure records, listing Simmons as Perry’s biggest backer with $600,000 in contributions. 99 Environment: NL Industries has major problems with lead pollution spilling from its lead smelters. An EPA study in 2010 indicated that 16 percent of children in Venice, Illinois, and two cities in Wisconsin—Granite City and Madison—were experiencing dangerously high lead levels in <strong>the</strong>ir blood due to pollution from an abandoned NL Industries-Taracorp lead smelter and battery recycling plant. 100 Pollution from <strong>the</strong> NL Industry/Taracorp plant was found to have contaminated 100 square blocks in all three cities, exposing around 1,600 households to dangerous levels of lead. The facility and surrounding neighborhoods are now listed as Superfund Sites. 101 - 35 -
— INDIVIDUALS OF UNDUE INFLUENCE — CHENG YU-TUNG, HONG KONG $9 BILLION [AS OF MARCH 2011] Wealth: Cheng Yu-tung, heads <strong>the</strong> Hong Kong-based conglomerate New World Development, with interests in property, infrastructure, transport, retail, hotel, casino, brokerage, and telecom across China and Hong Kong., all of which produce heavy emissions. Cheng is non-executive chair of Lifestyle <strong>International</strong> Holdings, a department story operator partly owned by fellow billionaire, Joseph Lau. Cheng is a director and major stockholder in Macau gambling billionaire Stanley Ho’s Shun Tak Holdings, SJM Holdings and Sociedade de Turismo e Diversoes de Macau. His sons, Henry and Peter, along with grandson Adrian, sit on New World’s board. Power Networks: Cheng serves on <strong>the</strong> board of <strong>the</strong> Hang Seng Bank, Hong Kong’s third-largest bank. Cheng represents <strong>the</strong> Kingdom of Bhutan in Hong Kong, serving as <strong>the</strong> honorary consul for <strong>the</strong> country. Environment: New World Development is a major promoter of mega-developments, shopping centers and suburban sprawl in China., where Western-style suburbanization can cause more carbon emissions. New World Development has an environmental score of 42 on CSR Hub. Shun Tak Holdings has an environmental score of 28. SJM Holdings is not listed. All three of <strong>the</strong> companies are absent from <strong>the</strong> Dow Jones Sustainability Index. - 36 -
Page 1 and 2: OUTING THE OLIGARCHY BILLIONAIRES W
Page 3 and 4: CONTENTS INDIVIDUALS OF UNDUE INFLU
Page 5 and 6: Occupy and Oligarchy</stron
Page 7 and 8: —INDIVIDUALS OF UNDUE INFLUENCE
Page 9 and 10: —INDIVIDUALS OF UNDUE INFLUENCE
Page 11 and 12: — INDIVIDUALS OF UNDUE INFLUENCE
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Page 57 and 58: NOTES — INDIVIDUALS OF UNDUE INFL
Page 61 and 62: — KOCHTOPUS — - 58 -
Page 63 and 64: — KOCHTOPUS — The Kochs have be
Page 65 and 66: — KOCHTOPUS — “ALEC campaigns
Page 67 and 68: — CARLOS SLIM: THE WORLD’S RICH
Page 79 and 80: HOSPITALITY INDUSTRIAL SUPPLIES CON
Page 85 and 86: - THE INDIAN OLIGARCHS - While it i
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- THE INDIAN OLIGARCHS - wealth to
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- THE INDIAN OLIGARCHS - to make wa
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- THE INDIAN OLIGARCHS - meant unde
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- THE INDIAN OLIGARCHS - efficient
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- THE INDIAN OLIGARCHS - Importing
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- THE INDIAN OLIGARCHS - 6. SUNIL M
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- THE INDIAN OLIGARCHS - destructio
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- THE INDIAN OLIGARCHS - Chidambara
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- THE INDIAN OLIGARCHS - The govern
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- THE INDIAN OLIGARCHS - 4 Prabhat
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— CHINA: OLIGARCHY IN THE MAKING
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POWER PLAYERS IN TODAY’S GLOBAL E
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HOW MUCH IS A BILLION DOLLARS? —
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— WEALTH, POWER, AND THE FUTURE O
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NOTES — WEALTH, POWER, AND THE FU
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