, FMR Corp
, State Street
are among the top control-holders in the world, according to a recently released paper
penned by a group of Swiss researchers.
In their paper, The Network of Global Control
, the researchers named the most powerful firms on the global economic stage. The New York Times'
and The Washington Post's
both reported on the paper.
"We present the first investigation of the architecture of the international ownership network, along with the computation of the control
held by each global player," write Stefania Vitali, James Glattfeld and Stefano
Battiston. "We find that transnational corporations form a giant bow-tie structure
and that a large portion of control flows to a small tightly-knit core of financial institutions."
Here are the top 20 control-holders:
1. Barclays PLC
2. Capital Group Companies
(i.e. American Funds
3. FMR Corp
5. State Street Corporation
6. JPMorgan Chase & Co.
7. Legal & General Group PLC
8. Vanguard Group
9. UBS AG
10. Merrill Lynch & Co. Inc.
11. Wellington Management Co.
12. Deutsche Bank
13. Franklin Resources
14. Credit Suisse Group
15. Walton Enterprises
16. Bank of New York Mellon Corp.
18. Goldman Sachs Group
19. T. Rowe Price
20. Legg Mason
You can view the complete top 50 in table S1.
Armie Margaret Lee
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