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SOURCE
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Summary - Wikipedia Source
Cristina Stenbeck
aka Cristina Stenbeck Fitzgibbons
b. NY, USA 1977
father: Jan Stenbeck, Swedish industrialist & entrepreneur (dec'd)
https://archive.is/31QAx
granddaughter of Hugo Stenbeck (1890 – 1977)
Swedish industrialist & lawyer
founder of family company: Investment AB Kinnevik
Swedish-American
principal controller of Investment AB Kinnevik
Investment AB Kinnevik
-- one of largest family-controlled companies in Sweden
St. Andrew's School (Delaware)
co-educational boarding - Middletown, Delaware
founded 1929 by A. Felix du Pont (1879–1948)
/ fortune in chemical industry
Notable alumni
Adml Dennis C. Blair
US Director of National Intelligence (DNI)
retired US admiral
served in White House both:
- Carter admin
- Reagan admin
- 2009, elected as Obama DNI
resigned after bureaucratic battles May 2010
Georgetown University, B.Sc.
joined board of family subsidiary: Invik & Co
subsidiary of Kennevik (at time)
subsequently moved to posts: Investment AB Kinnevik
Kinnevik = investments primarily technology-based services aimed at consumers
significant stakes: 50 companies in over 80 countries
largest holdings: Millicom, Tele2, Zalando, Rocket Internet, MTG and Avito
Kinnevik revenue: US$ 1.541 billion (2013)
1936 - Kinnevik founded as investment co
-- founded by Robert von Horn, Wilhelm Klingspor & Hugo Stenbeck
-- aggressive acquisition strategy of Swedish industrial companies
-- Hugo Stenbeck gradually increased holdings
-- 1954 listed company
-- increases shareholding:
Sandvik AB, high-tech engineering
(tooling, metal cutting, mining, construction, stainless steel, alloys)
-- increased shareholding Fagersta AB (speicalised steel)
-- Major holding, insurance co: Atlantica
-- several auto co 1980, under Svenska Motor AB - incl import & sales Toyota
-- Comvik AB - new mobile telephony system launched
-- after legal battles w/ state-owned Televerket
-- satellite system for TV distribution
-- state-owned monopoly battle re telecom, TV, radio
-- TV3 broadcast NYE from London 1987
-- 1989, Comvik authorised to start new mobile network
-- result: Millicom International Cellular formed 1990
-- 1991, first Kinnevik-run radio broadcasts
-- Kinnevik, largest owner new TV4 (20%)
-- launches free newspaper Metro International 1995
-- 2001 Netcom changes name to Tele2
-- 2005 - 2010 major shift shareholdings
-- Millicom increase, forestry decrease
-- Invik sold
-- foundation laid for investments re internet businesses:
- esp. e-commerce companies
2014 - Kinnevik announced appointment:
-- former Goldman Sachs banker Lorenzo Grabau as CEO
https://en.wikipedia.org/wiki/Investment_AB_Kinnevik
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Summary - Wikipedia Source
Corporatocracy
refer to an economic & political system
controlled by corporations and/or corporate interests
esp USA
Economist Jeffrey Sachs described USA as Corporatocracy
in book: The Price of Civilisation
1. weak national parties
2. strong political reps of individual districts
(eg large US military establishment post WWII)
3. big corporate money financing election campaigns
4. GLOBALISATION tilting balance AWAY FROM WORKERS
aka 'the Power Elite' (C Wright Mills)
-- wealthy individuals who hold prominent positions
-- control process of determining society's economic & political policies
Corporatocracy criticised re:
- bank bailouts
- excessive pay for CEO
- complains re exploitation of
- national treasuries
- people
- natural resources
Referred to by critics of:
- globalisation
- World Bank (unfair lending practices)
- free trade agreements
Edmund Phelps
2006 Nobel Memorial Prize in Economic Sciences
Political Economy prof. at Columbia University since 1982
director of Columbia's 'Centre on Capitalism and Society'
b. Illinois
education: Amherst College, Massachusetts
second best liberal arts college in USA
Amherst member of the Five College Consortium
BA Amherst 1955
Yale University, Ph.D. 1959
under Nobel Prize winners:
James Tobin & Thomas Schelling & ors
Strongly influenced by: William Fellner & Hnery Wallich
--> economist for RAND Corporation
--> returned to academic work in favour of macroeconomics research interest pursuit
2006 - Phelps awarded
Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel
Royal Swedish Academy of Sciences:
Phelps work:
"deepened our understanding of the relation between short-run and long-run effects of economic policy."
2008: Chevalier of France's Legion of Honor
2008: Global Economy Prize of Kiel Institute for the World Economy
2010: appointed Dean of Newhuadu Business School
at Minjiang University in Fuzhou, China
-- 2010 analysis
-- cause of income inequality is not free market capitalism
-- cause: rise of Corporatism
-- antithesis of free market capitalism
-- semi monopolistic orgs & banks
-- big employer confederations
-- acting w/ complicit state institutions
-- to BLOCK natural workings of free economy
-- result: consolidation of economic power & wealth
-- attrition of entrepreneurial & free market dynamism
Edmund Phelps
refers to power-sharing b/w govt & large corporations
- financial services
- healthcare
- energy (regulation)
corporate lobbying expansion & campaign support for govt reciprocity
growth of [Corporatocracy] influence in sectors:
- merger & acquisition increased consolidation
- increased potential corporate / govt corruption & malfeasance
- dampening small business / entrepreneurial
- leading to stagnant economic conditions
numerous details of academic & research info
PRIMARY SOURCE
https://en.wikipedia.org/wiki/Edmund_Phelps
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Alex Fitzgibbons
Fait Accompli
London-based international event-planning company
Fait Accompli 'Ambassador'
"The Team
Experienced. Professional. Dedicated. And we love what we do. Meet the team behind some of the world’s most extraordinary events"
[CLICK image for clarity / enlargement]
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Copyright Disclaimer under section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, education and research.
Louis B. Susman
Obama's US Ambassador to US
2009-2013
sworn by Hillary Clinton
[see re: Assange / WikiLeaks - HERE]
Louis B. Susman
American lawyer & retired investment banker
former US Ambassador to UK
confirmed by Obama & sworn in by Hillary Clinton 2009
prolific fund-raiser for Democratic Party candidates
US ambassador residences in London & Paris
= retreats for Obama wealthy friends
https://en.wikipedia.org/wiki/Louis_Susman
Fait Accompli arranged:
- Buckingham Palace wedding after-party
for Prince William & bride Kate Middleton
- state dinners for the Obamas in England
when they hosted the Queen
Fait Accompli
celebrity entertainers: eg Rod Stewart & Diana Ross.
business partner: Camilla Monckton
Alex Fitzgibbons background:
- twin sister
- Eton College
- Brown University USA
- political science & history
- bar-tending
- marketing
- sold a food business
- joined Fait Accompli 2002
- married to Cristina Stenbeck
http://www.brownalumnimagazine.com/content/view/3340/40/
Archived: https://archive.is/0fWQW
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COMMENT
Decided to label this large family-controlled corporate ownership empire in Sweden (and probably obviously elsewhere around globe - 80 countries: above) 'Corporatocracy', although just how much political and economic control and influence is had by beneficiaries of such large family holdings is still unclear to me.
I've never counted countries. Who even knew there's over 80 countries? Apparently, there's 196 -- or 195 if you edit Taiwan. Wow. That's bizarre. I never would have thought so. I only ever keep in mind a dozen or so countries.
Wow, I've also just discovered what a small 'corprocratic' world it is ... It's just a hop and a skip from Sweden to America, to Britain and back, and there's sooooo much in common. lol
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