...a group led by hedge-fund manager Tom Steyer submitted more than 900,000 signatures for a tax increase on out-of-state businesses.
Steyer runs Farallon Capital Management, a multi-billion dollar hedge fund which just happens to have a very large holding in a company called Nalco Holding, which Farallon has been accumulating at a respectable rate.
http://www.bloomberg.com/news/...
Here is how Nalco Holding introduces itself on it’s website which can be found here.
http://www.nalco.com/
‘Nalco is an Ecolab company. With 2011 annualized sales of $11 billion and more than 38,000 employees, Ecolab Inc. (NYSE: ECL) is the global leader in water, hygiene, energy technologies and services, that provides and protects clean water, safe food, abundant energy and healthy environments. Ecolab delivers comprehensive programs and services to the food, energy, healthcare, industrial and hospitality markets in more than 160 countries.’
And now here comes Steyer with an initiative to send half a billion dollars to schools and green building projects? Look at that introduction again.
Nalco is PERFECTLY positioned to soak up hundreds of millions of dollars of government contracts, and Steyer will be right there stuffing his pockets. because Farallon will be riding that wave to untold riches
Always follow the money......