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To: Renfrew
Thanks for that. I re-looked at my 30% source, and indeed, that 30% is spread out.

However, the intended spirit of my comment stands - the sheer number of big holding companies are just an corporately-incestuous way for the Deep State to operate in the financial big-pharma/MSM/military world.

the thing I am going to explain to Congress is that almost 30% of Pfizer Inc.’s stock is held by Vanguard Group, BlackRock Inc., State Street Corp., Capital Group Cos. and Wellington Management Group. All of those are giant institutional investment firms that own shares of hundreds or thousands of companies, and those are just Pfizer’s biggest holders; lots of investors lower down the list are also huge diversified institutions. If Pfizer finds a coronavirus vaccine and distributes it as widely as possible—even at cost, even below cost, even for free, even at an enormous loss—it will make its owners richer by many many billions of dollars. BlackRock, for instance, owns about $16 billion of Pfizer stock. If Pfizer went to zero—if it bankrupted itself, selflessly producing and distributing vaccines—BlackRock (really its clients) would lose $16 billion. BlackRock owns about $2.9 trillion of other stocks; if a coronavirus vaccine allowed businesses to reopen and normal economic life to resume, and as a result those other stocks went up by 1 percent, that would more than make up for bankrupting Pfizer.

23 posted on 12/28/2021 9:57:28 AM PST by C210N (Everything will be okay in the end. If it’s not okay, it’s not the end.)
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To: C210N
However, the intended spirit of my comment stands...

No, your graphic states clearly that BlockRock OWNS.

You got busted for posting misinformation on FR. Own it.

25 posted on 12/28/2021 10:02:15 AM PST by Fury
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To: C210N

Sure, but most of those firms, such as Vanguard, are passive money management entities. They don’t use their stock to exert any control over the company, and any profits and loses are passed directly to the many millions of normal Americans who invest with them.


27 posted on 12/28/2021 10:04:48 AM PST by Renfrew
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