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Politics : View from the Center and Left

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To: TigerPaw who wrote (10666)	2/2/2006 5:19:43 PM
From: GVTucker	Read Replies (1) of 542039

TigerPaw, RE: The Rockefellers and Mellons as a family still directly control the wealth. Their foundations control 51% of Chase Manhatten voting shares, which in turn controls 51% of JP Morgan - Chase which in turns owns 51% of some insurance companies and they hold stock in other companies etc. etc. Whoa now, back up. The firm's name is JP Morgan Chase & Co. Nobody owns anywhere close to a controlling stake in that firm. When JP Morgan and Chase Manhattan merged, nobody owned close to a controlling stake in either firm. There are no shares of Chase Manhattan any more.

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