Apparently they mention, in the article, using ( 2007 ) data from<div><br></div><div><a href="http://www.bvdinfo.com/Products/Company-Information/International/Orbis">http://www.bvdinfo.com/Products/Company-Information/International/Orbis</a></div>
<div><br></div><div>?</div><div><br></div><div>it seems to be possible to register for a free trial ? :</div><div><br></div><div><a href="http://directory.bvdep.com/register/register.asp?language=en&amp;productId=SuiteSearch">http://directory.bvdep.com/register/register.asp?language=en&amp;productId=SuiteSearch</a><br>
<br><div class="gmail_quote">On Thu, Oct 20, 2011 at 10:26 AM, Apostolis Xekoukoulotakis <span dir="ltr">&lt;<a href="mailto:xekoukou@gmail.com">xekoukou@gmail.com</a>&gt;</span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex;">
I wonder which data sets they used and how I can get them.�<div><br></div><div>Interesting.<div><div></div><div class="h5"><br><br><div class="gmail_quote">2011/10/20 Natalie Golovin <span dir="ltr">&lt;<a href="mailto:10natalie@cox.net" target="_blank">10natalie@cox.net</a>&gt;</span><br>

<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
<div dir="ltr">
<div dir="ltr">
<div style="font-family:&#39;Calibri&#39;;color:#000000;font-size:12pt">
<div>Wow-Thanks!</div>
<div style="font-style:normal;display:inline;font-family:&#39;Calibri&#39;;color:#000000;font-size:small;font-weight:normal;text-decoration:none">
<div style="font:10pt tahoma">
<div>�</div>
<div style="background:#f5f5f5">
<div><b>From:</b> <a title="dante.monson@gmail.com" href="mailto:dante.monson@gmail.com" target="_blank">Dante-Gabryell Monson</a> </div>
<div><b>Sent:</b> Wednesday, October 19, 2011 3:37 PM</div>
<div><b>To:</b> <a title="econowmix@googlegroups.com" href="mailto:econowmix@googlegroups.com" target="_blank">econowmix@googlegroups.com</a> ; <a title="p2p-foundation@lists.ourproject.org" href="mailto:p2p-foundation@lists.ourproject.org" target="_blank">p2p-foundation</a> ; <a title="gtmonnaie@gtmonnaie.be" href="mailto:gtmonnaie@gtmonnaie.be" target="_blank">gtmonnaie@gtmonnaie.be</a> </div>


<div><b>Subject:</b> [P2P-F] scientific study : &quot;a few bankers control a large 
chunk ofthe global economy&quot;</div></div></div>
<div>�</div></div>
<div style="font-style:normal;display:inline;font-family:&#39;Calibri&#39;;color:#000000;font-size:small;font-weight:normal;text-decoration:none"><div><div></div><div><span style="background-color:rgb(255,255,255);font-family:arial, sans-serif;font-size:13px"><a href="http://www.newscientist.com/article/mg21228354.500-revealed--the-capitalist-network-that-runs-the-world.html" target="_blank">http://www.newscientist.com/article/mg21228354.500-revealed--the-capitalist-network-that-runs-the-world.html</a></span> 

<div><font face="arial, sans-serif"><br></font>
<div><font face="arial, sans-serif">( found via &quot;The Next 
Edge&quot; <a href="http://www.facebook.com/groups/120497731371323" target="_blank">http://www.facebook.com/groups/120497731371323</a> 
- thanks ! )<br></font>
<div>�</div>
<div><span style="background-color:rgb(255,255,255);font-family:arial, sans-serif;font-size:13px">
<p style="padding-bottom:0px;line-height:18px;border-right-width:0px;margin:0px 20px 20px 10px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;font-size:1em;border-left-width:0px;padding-top:0px">

AS PROTESTS against financial power <a style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;color:rgb(0,117,154);border-left-width:0px;text-decoration:none;padding-top:0px" href="http://edition.cnn.com/2011/10/15/world/occupy-goes-global/?hpt=wo_t3" target="_blank">sweep the world</a> this week, science may have confirmed the 
protesters&#39; worst fears. <a style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;color:rgb(0,117,154);border-left-width:0px;text-decoration:none;padding-top:0px" href="http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdf" target="_blank">An analysis</a> of the relationships between 43,000 
transnational corporations has identified <a style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;color:rgb(0,117,154);border-left-width:0px;text-decoration:none;padding-top:0px" href="http://www.newscientist.com/article/mg21228354.500-revealed--the-capitalist-network-that-runs-the-world.html#bx283545B1" target="_blank">a 
relatively small group of companies</a>, mainly banks, with disproportionate 
power over the global economy.</p></span><span style="background-color:rgb(255,255,255);font-family:arial, sans-serif;font-size:13px"><img style="padding-bottom:0px;border-right-width:0px;margin:0px 0px 5px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px" title="The 1318 transnational corporations that form the core of the economy. Superconnected companies are red, very connected companies are yellow. The size of the dot represents revenue &lt;i&gt;(Image: &lt;/i&gt;PLoS One&lt;i&gt;)&lt;/i&gt;" alt="The 1318 transnational corporations that form the core of the economy. Superconnected companies are red, very connected companies are yellow. The size of the dot represents revenue &lt;i&gt;(Image: &lt;/i&gt;PLoS One&lt;i&gt;)&lt;/i&gt;" width="300"> 
<p style="padding-bottom:0px;border-right-width:0px;margin:5px 0px 0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;color:rgb(167,167,167);font-size:1em;border-left-width:0px;padding-top:0px">

The 1318 transnational corporations that form the core of the 
economy. Superconnected companies are red, very connected companies are yellow. 
The size of the dot represents revenue <i style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">(Image: 
</i>PLoS One<i style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">)</i></p>
<p style="padding-bottom:0px;border-right-width:0px;margin:5px 0px 0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;color:rgb(167,167,167);font-size:1em;border-left-width:0px;padding-top:0px">

<i style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px"><br></i></p></span></div>
<div><span style="background-color:rgb(255,255,255);font-family:arial, sans-serif;font-size:13px">
<p style="padding-bottom:0px;line-height:18px;border-right-width:0px;margin:0px 20px 20px 10px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;font-size:1em;border-left-width:0px;padding-top:0px">

The study&#39;s assumptions have attracted some criticism, but complex 
systems analysts contacted by <i style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">New 
Scientist</i> say it is a unique effort to untangle control in the global 
economy. Pushing the analysis further, they say, could help to identify ways of 
making global capitalism more stable.</p>
<p style="padding-bottom:0px;line-height:18px;border-right-width:0px;margin:0px 20px 20px 10px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;font-size:1em;border-left-width:0px;padding-top:0px">

The idea that a few bankers control a large chunk of the global 
economy might not seem like news to New York&#39;s <a style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;color:rgb(0,117,154);border-left-width:0px;text-decoration:none;padding-top:0px" href="http://occupywallst.org/forum/proposed-list-of-demands-please-help-editadd-so-th/" target="_blank">Occupy Wall Street</a> movement and protesters elsewhere. But 
the study, by a trio of complex systems theorists at the Swiss Federal Institute 
of Technology in Zurich, is the first to go beyond ideology to empirically 
identify such a network of power. It combines the mathematics long used to model 
natural systems with comprehensive corporate data to map ownership among the 
world&#39;s transnational corporations (TNCs).</p>
<p style="padding-bottom:0px;line-height:18px;border-right-width:0px;margin:0px 20px 20px 10px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;font-size:1em;border-left-width:0px;padding-top:0px">

&quot;Reality is so complex, we must move away from dogma, whether it&#39;s 
conspiracy theories or free-market,&quot; says <a style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;color:rgb(0,117,154);border-left-width:0px;text-decoration:none;padding-top:0px" href="http://www.sg.ethz.ch/people/formercoll/jglattfelder" target="_blank">James Glattfelder</a>. &quot;Our analysis is reality-based.&quot;</p>


<p style="padding-bottom:0px;line-height:18px;border-right-width:0px;margin:0px 20px 20px 10px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;font-size:1em;border-left-width:0px;padding-top:0px">

Previous studies have found that a few TNCs own large chunks of the 
world&#39;s economy, but they included only a limited number of companies and 
omitted indirect ownerships, so could not say how this affected the global 
economy - whether it made it more or less stable, for instance.</p>
<p style="padding-bottom:0px;line-height:18px;border-right-width:0px;margin:0px 20px 20px 10px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;font-size:1em;border-left-width:0px;padding-top:0px">

The Zurich team can. From <a style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;color:rgb(0,117,154);border-left-width:0px;text-decoration:none;padding-top:0px" href="http://www.bvdinfo.com/Products/Company-Information/International/Orbis" target="_blank">Orbis 2007</a>, a database listing 37 million companies and 
investors worldwide, they pulled out all 43,060 TNCs and the share ownerships 
linking them. Then they constructed a model of which companies controlled others 
through shareholding networks, coupled with each company&#39;s operating revenues, 
to map the structure of economic power.</p>
<p style="padding-bottom:0px;line-height:18px;border-right-width:0px;margin:0px 20px 20px 10px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;font-size:1em;border-left-width:0px;padding-top:0px">

The work, to be published in <i style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">PloS 
One</i>, revealed a core of 1318 companies with interlocking ownerships (see 
image). Each of the 1318 had ties to two or more other companies, and on average 
they were connected to 20. What&#39;s more, although they represented 20 per cent of 
global operating revenues, the 1318 appeared to collectively own through their 
shares the majority of the world&#39;s large blue chip and manufacturing firms - the 
&quot;real&quot; economy - representing a further 60 per cent of global revenues.</p>
<p style="padding-bottom:0px;line-height:18px;border-right-width:0px;margin:0px 20px 20px 10px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;font-size:1em;border-left-width:0px;padding-top:0px">

When the team further untangled the web of ownership, it found much 
of it tracked back to a &quot;super-entity&quot; of 147 even more tightly knit companies - 
all of their ownership was held by other members of the super-entity - that 
controlled 40 per cent of the total wealth in the network. &quot;In effect, less than 
1 per cent of the companies were able to control 40 per cent of the entire 
network,&quot; says Glattfelder. Most were financial institutions. The top 20 
included Barclays Bank, JPMorgan Chase &amp; Co, and The Goldman Sachs 
Group.</p>
<p style="padding-bottom:0px;line-height:18px;border-right-width:0px;margin:0px 20px 20px 10px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;font-size:1em;border-left-width:0px;padding-top:0px">

<a style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;color:rgb(0,117,154);border-left-width:0px;text-decoration:none;padding-top:0px" href="http://www.econ.bbk.ac.uk/faculty/driffill" target="_blank">John 
Driffill</a> of the University of London, a macroeconomics expert, says the 
value of the analysis is not just to see if a small number of people controls 
the global economy, but rather its insights into economic stability.</p>
<p style="padding-bottom:0px;line-height:18px;border-right-width:0px;margin:0px 20px 20px 10px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;font-size:1em;border-left-width:0px;padding-top:0px">

Concentration of power is not good or bad in itself, says the 
Zurich team, but the core&#39;s tight interconnections could be. As the world 
learned in 2008, <a style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;color:rgb(0,117,154);border-left-width:0px;text-decoration:none;padding-top:0px" href="http://www.newscientist.com/article/dn20777-haircuts-identified-as-a-cause-of-financial-crisis.html" target="_blank">such 
networks are unstable</a>. &quot;If one [company] suffers distress,&quot; says 
Glattfelder, &quot;this propagates.&quot;</p>
<p style="padding-bottom:0px;line-height:18px;border-right-width:0px;margin:0px 20px 20px 10px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;font-size:1em;border-left-width:0px;padding-top:0px">

&quot;It&#39;s disconcerting to see how connected things really are,&quot; agrees 
George Sugihara of the Scripps Institution of Oceanography in La Jolla, 
California, a complex systems expert who has advised Deutsche Bank.</p>
<p style="padding-bottom:0px;line-height:18px;border-right-width:0px;margin:0px 20px 20px 10px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;font-size:1em;border-left-width:0px;padding-top:0px">

Yaneer Bar-Yam, head of the New England Complex Systems Institute 
(NECSI), warns that the analysis assumes ownership equates to control, which is 
not always true. Most company shares are held by fund managers who may or may 
not control what the companies they part-own actually do. The impact of this on 
the system&#39;s behaviour, he says, requires more analysis.</p>
<p style="padding-bottom:0px;line-height:18px;border-right-width:0px;margin:0px 20px 20px 10px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;font-size:1em;border-left-width:0px;padding-top:0px">

Crucially, by identifying the architecture of global economic 
power, the analysis could help make it more stable. By finding the vulnerable 
aspects of the system, economists can suggest measures to prevent future 
collapses spreading through the entire economy. Glattfelder says we may need 
global anti-trust rules, which now exist only at national level, to limit 
over-connection among TNCs. Bar-Yam says the analysis suggests one possible 
solution: firms should be taxed for excess interconnectivity to discourage this 
risk.</p>
<p style="padding-bottom:0px;line-height:18px;border-right-width:0px;margin:0px 20px 20px 10px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;font-size:1em;border-left-width:0px;padding-top:0px">

One thing won&#39;t chime with some of the protesters&#39; claims: the 
super-entity is unlikely to be the intentional result of a conspiracy to rule 
the world. &quot;Such structures are common in nature,&quot; says Sugihara.</p>
<p style="padding-bottom:0px;line-height:18px;border-right-width:0px;margin:0px 20px 20px 10px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;font-size:1em;border-left-width:0px;padding-top:0px">

Newcomers to any network connect preferentially to highly connected 
members. TNCs buy shares in each other for business reasons, not for world 
domination. If connectedness clusters, so does wealth, says Dan Braha of NECSI: 
in similar models, money flows towards the most highly connected members. The 
Zurich study, says Sugihara, &quot;is strong evidence that simple rules governing 
TNCs give rise spontaneously to highly connected groups&quot;. Or as Braha puts it: 
&quot;The Occupy Wall Street claim that 1 per cent of people have most of the wealth 
reflects a logical phase of the self-organising economy.&quot;</p>
<p style="padding-bottom:0px;line-height:18px;border-right-width:0px;margin:0px 20px 20px 10px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;font-size:1em;border-left-width:0px;padding-top:0px">

So, the super-entity may not result from conspiracy. The real 
question, says the Zurich team, is whether it can exert concerted political 
power. Driffill feels 147 is too many to sustain collusion. Braha suspects they 
will compete in the market but act together on common interests. Resisting 
changes to the network structure may be one such common interest.</p>
<p style="padding-bottom:0px;line-height:18px;border-right-width:0px;margin:0px 20px 20px 10px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;font-size:1em;border-left-width:0px;padding-top:0px">

�</p></span><span style="background-color:rgb(242,242,242);font-family:arial, sans-serif;font-size:13px">
<h3 style="padding-bottom:0px;border-right-width:0px;margin:0px 0px 0px 10px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;font-size:1.1em;border-left-width:0px;padding-top:0px">The top 50 of the 147 superconnected companies</h3>


<p style="padding-bottom:0px;line-height:18px;border-right-width:0px;margin:0px 20px 20px 10px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;font-size:1em;border-left-width:0px;padding-top:0px">

1. 
Barclays plc<br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">2. 
Capital Group Companies Inc<br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">3. 
FMR Corporation<br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">4. 
AXA<br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">5. 
State Street Corporation<br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">6. 
JP Morgan Chase &amp; Co <br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">7. 
Legal &amp; General Group plc <br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">8. 
Vanguard Group Inc<br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">9. 
UBS AG<br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">10. 
Merrill Lynch &amp; Co Inc <br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">11. 
Wellington Management Co LLP<br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">12. 
Deutsche Bank AG<br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">13. 
Franklin Resources Inc<br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">14. 
Credit Suisse Group<br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">15. 
Walton Enterprises LLC<br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">16. 
Bank of New York Mellon Corp<br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">17. 
Natixis<br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">18. 
Goldman Sachs Group Inc<br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">19. 
T Rowe Price Group Inc<br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">20. 
Legg Mason Inc<br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">21. 
Morgan Stanley<br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">22. 
Mitsubishi UFJ Financial Group Inc<br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">23. 
Northern Trust Corporation<br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">24. 
Soci�t� G�n�rale<br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">25. 
Bank of America Corporation<br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">26. 
Lloyds TSB Group plc <br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">27. 
Invesco plc<br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">28. 
Allianz SE 29. TIAA <br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">30. 
Old Mutual Public Limited Company<br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">31. 
Aviva plc <br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">32. 
Schroders plc<br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">33. 
Dodge &amp; Cox<br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">34. 
Lehman Brothers Holdings Inc*<br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">35. 
Sun Life Financial Inc<br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">36. 
Standard Life plc<br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">37. 
CNCE<br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">38. 
Nomura Holdings Inc<br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">39. 
The Depository Trust Company <br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">40. 
Massachusetts Mutual Life Insurance <br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">41. 
ING Groep NV <br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">42. 
Brandes Investment Partners LP <br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">43. 
Unicredito Italiano SPA <br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">44. 
Deposit Insurance Corporation of Japan <br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">

45. 
Vereniging Aegon <br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">46. 
BNP Paribas <br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">47. 
Affiliated Managers Group Inc <br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">48. 
Resona Holdings Inc <br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">49. 
Capital Group International Inc <br style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">50. 
China Petrochemical Group Company</p>
<p style="padding-bottom:0px;line-height:18px;border-right-width:0px;margin:0px 20px 20px 10px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;font-size:1em;border-left-width:0px;padding-top:0px">


Lehman still existed in the 2007 dataset used</p>
<p style="padding-bottom:0px;line-height:18px;border-right-width:0px;margin:0px 20px 20px 10px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;font-size:1em;border-left-width:0px;padding-top:0px">

<b style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">Graphic:</b>�<a style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;color:rgb(0,117,154);border-left-width:0px;text-decoration:none;padding-top:0px" href="http://www.newscientist.com/articleimages/mg21228354.500/0-revealed--the-capitalist-network-that-runs-the-world.html" target="_blank">The 
1318 transnational corporations that form the core of the economy</a></p>
<p style="padding-bottom:0px;line-height:18px;border-right-width:0px;margin:0px 20px 20px 10px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;font-size:1em;border-left-width:0px;padding-top:0px">

<i style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">(Data: 
</i>PLoS One<i style="padding-bottom:0px;border-right-width:0px;margin:0px;padding-left:0px;padding-right:0px;border-top-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px">)�������� 
</i></p></span></div></div></div>
</div></div><p>
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<br></blockquote></div><br><br clear="all"><div><br></div></div></div><font color="#888888">-- <br><span style="font-family:arial, sans-serif;font-size:13px;border-collapse:collapse"><pre style="white-space:pre-wrap"><br>
</pre><pre style="white-space:pre-wrap">Sincerely yours, </pre><pre style="white-space:pre-wrap">     Apostolis Xekoukoulotakis</pre></span><br>
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