Struggle for control – staying in power 2020

Trump seeks to bend the executive branch as part of impeachment vendetta Philip Rucker, Robert Costa and Josh Dawsey Washington Post February 12, 2020

These three firms own corporate America: BlackRock, Vanguard and State Street Jan Fichtner,  Eelke Heemskerk and Javier Garcia-Bernardo Ponderwall Together, these three firm are the largest single shareholder in almost 90% of S&P 500 firms and 40% of publicly listed firms in the United States. Their growth has occurred because of the rise in index funds, where these companies are by far the largest providers. While technically, the firms do not own the shares, the individuals purchasing the fund shares do, the firms do vote the shares and consult with the companies. See the original article published in Cambridge Business &Politics: Hidden power of the Big Three? Passive index funds, re-concentration of corporate ownership, and new financial risk.

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