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Old 06-12-2017, 04:25 PM   #2
st jimmy
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Default Dick Cheney, Halliburton, private prisons

At the end of 2005, Vanguard owned 5% or more of (only) 3 S&P 500 companies.
By the end of June 2016, that number had rocketed to 468 companies, or about 94% …

Vanguard has 15 people overseeing about 13,000 companies around the world.
BlackRock has about 24 people who work on governance issues at some 14,000 companies, and it plans to add 7 more in 2016/2017.

How BlackRock and the other big investment funds vote often determines the outcome.
Between 2014 and 2015, there were nearly 20 unsuccessful shareholder proposals on environmental and social issues that would have passed with the support of BlackRock, Vanguard or State Street.

Edkins said BlackRock has influence in about 1,200 of the US companies owned by its passive funds. She said meetings behind closed doors are more influential than votes against management.
In 2015, BlackRock voted for the $18 billion merger between professional service providers Towers Watson and Willis Group.
In June 2016, BlackRock, voted against the executive pay plan at Mylan, which has since been embroiled in controversy over its pricing of the EpiPen drug: https://www.fnlondon.com/articles/pa...okers-20161025
(archived here: http://archive.is/prsXN)


From 1995 to 2000, Richard Cheney was director of Halliburton and may have received deferred compensation and other benefits from Halliburton for a period of five years.
In 2008, when Cheney was Vice President, the Vanguard Group, with 7.6 million shares worth about $176 million, was the 10th largest Halliburton shareholder. Halliburton was awarded a huge almost open-ended non-competitive-bid contract for work in Iraq, worth over $2 billion.
Vanguard was/is also a huge owner in ExxonMobil and ConocoPhillips.

Vice President Cheney's disclosure statement showed that he had $18 to $87 million invested through Vanguard: http://www.populist.com/03.19.burns.html


In November 2008, Willacy County District Attorney Juan Angel Guerra indicted Vice President Dick Cheney and former Attorney General Alberto Gonzales for neglecting federal prisoners and responsibility for abuses in the privately run prisons in Willacy County in South Texas.
Guerra estimated Cheney's investment in the Vanguard Group at $85 million (not blind!).
The 3 top prison companies Corrections Corporation of America (CCA), GEO Group and Cornell, have the Vanguard Group as major shareholder in common.

Guerra found out that in 2006 Cheney shut down the investigation into the killing of prison inmate Gregorio De La Rosa Jr. Guerra says Cheney stopped the investigation so that the value of his shares Vanguard would rise.
Guerra was himself indicted by Marvin Mosbacker on behalf of the Bush administration for investigating a little too hard…
The investigation was taken over by the FBI (where have I heard this before?). The assistant US attorney that was handling the investigation - Marvin Mosbacker: https://www.democracynow.org/2008/11...zales_indicted
(archived here: http://archive.is/mKGNH)

For some reason the Judge dismissed the case against Cheney and Gonzales, after a mere 2 weeks.
Maybe Guerra should have invested in Vanguard; a two-page notice tacked to a bulletin board advertised the 6 January 2009 foreclosure sale of his home: http://www.raymondville-chronicle.co.../news/019.html
(archived here: http://archive.is/TnVdy)


Vanguard is apparently one of the companies that profits from the enormous prison population in the USA: https://forum.davidicke.com/showthread.php?t=315781
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