Interconnectedness of giant companies through shared board members

submitted by magnora7 from files.catbox.moe

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[–]magnora7[S] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

“Today the average Standard & Poor’s 500 board of directors has 11 directors.”

http://dorgerconsulting.com/2011/07/20/size-matters-right-sizing-your-board-of-directors/

So 2-5 people is a huge percentage of a company's board. And the CEO, board, and voting stockholders are the directing owners of a company and can make it decide to do anything, including strategically implode golden-parachute style, or collude with monopolies from other industries as we see here in the OP.

You think you're dealing with 30 companies, but really you're dealing with all these interconnected groups that support each other, right to the very top. To the point they're "intermarried" by having people on the boards of both companies. It's crazy how little anti-trust laws are enforced in modern America.

[–]useless_aether 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (2 children)

handy list of corps to boycott

[–]magnora7[S] 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 1 fun -  (1 child)

Good point. So many things to boycott though... I think a low-consumption low-tax lifestyle is the way to go. We have to stop feeding the machine if we want it to stop dominating civilization.