Who owns The Economist?

With a worldwide distribution of 1 million influential owners and managers The Economist sets parameters for the global political & economic discussion.  A million people may not sound like a lot unless of course they are the right people.  This stuff is read by high income earners with cushy job titles.  

Observe the full-page ads that ran in the Nov 17, 2012 issue:

• Oracle
• Rolex
• Louis Vuitton
• Charles Schwab
• CKGSB (trained 2,500 Chairman & CEOs who lead companies with $1 trillion in annual revenues)
• Volkswagen
• Bulgari
• Northern Trust
• Ford
• BlackRock

Save for the car companies, these companies make their bread by selling products and services to the global 0.2%.  Consider that Rolex and Louis Vuitton spent $154,000 each on these ads to run the week of Thanksgiving in the U.S.    





The cover story for this issue is "Why France could become the biggest danger to Europe's single currency". More on this later*.

Noam Chomsky has pointed out that it's critical that these 1 million managers think & act according to the agenda setting media.  If the global elite are doing it then everyone else will fall into place and strive to be like the top 0.2%.  The Economist, Financial Times, Wall Street Journal, New York Times and Le Monde play important societal roles according to Chomsky.  

So who owns The Economist?  Fortunately they published their USPS Statement of Ownership in October.   

Owner: The Economist Newspaper, London 

Shareholder: 

1. The Financial Times Limited, London - 50% share
2. Sir Evelyn de Rothschild, London - 15% 
3. The Eranda Foundation, London - 5%
4. EXOR SA*, Luxembourg - 5%

Known Bondholders: None

The Atlantic Partnership tells us this about Sir Evelyn in 2007:

"Previous corporate directorships include: Director of De Beers Consolidated Mines Ltd, and Director of IBM United Kingdom Holdings Ltd.

Sir Evelyn has served the British government in various capacities, including as Chairman of United Racecourse, and Deputy Chairman of Milton Keynes Development Corporation. He has also been a member of the UK Business Delegation with Prime Minister Blair to South America and has represented the UK at the International Institute of Strategic Studies meetings in Bahrain.

Sir Evelyn was educated at Harrow School and Trinity College, Cambridge. He was knighted by Queen Elizabeth II in 1989 for services to banking and finance. "

Guernsey

Now this from Rothschild's own site:

"Rothschild Bank International is based in Guernsey and offers a range of private client banking services to high net worth individuals based in the UK or elsewhere in the world and works closely with other parts of the Rothschild Group."

The Telegraph reports:

Guernsey factfile

• There is no general capital gains tax, inheritance tax or estate duty, stamp duty, VAT or capital transfer tax.
• Individuals must pay 20 per cent income tax and social security contributions. Personal tax is capped at £100,000 on non-Guernsey income.

Finally in 2008 Sir Evelyn writes in the BBC:

"Ethics - we have lost sight of an honest day's work for an honest day's pay.

Careful management - we have indulged our wants without the taxes or the prices or the cash to pay for them."

he goes on...

"American automobile executives and British bankers have been unable to form their lips into an apology.

Management prefers to hold onto private corporate jets rather than push for fuel efficiency standards  Sir Evelyn de Rothschild

Yet their institutions lie in ruins and the rest of us are left feeling embarrassed for them."

So one of the wealthiest men on the planet who happens to be a British Banker claimed that "those" British Bankers are the problem.  Further his family set up shop generations ago in a tax haven for the super elite and his proposed solution to this problem those other bankers have caused is to increase taxes on working people.  

Wow!

*Exor is a French real estate company which manages 18 buildings in Paris.