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News ::
WEF Corporate Member Profiles
05 Jan 2002
The World Economic Forum openly brags that its Members and Partners "benefit from the mission of the Forum" as they "participate in shaping the global agenda". In order to assess the role of the WEF, it is therefore, necessary to understand who these Members and Partners are and what interests they are pursuing...



The World Economic Forum is run by a Forum Council, a Foundation Board, and a Managing Board. The Forum itself is comprised of 'Member' and 'Partner' Corporations who, according to the WEF website, "are at the center of the Forum's work of identifying and formulating responses to the key issues on the global agenda." Both partnership and membership are strictly limited and represent the economic global elite.

The World Economic Forum openly brags that its Members and Partners "benefit from the mission of the Forum" as they "participate in shaping the global agenda". In order to assess the role of the WEF, it is therefore, necessary to understand who these Members and Partners are and what interests they are pursuing...

Bank of America
Bank of America, the foremost global treasury management service, has its entire mutual fund program run through the controversial investment firm Stephens Inc. Stephens handles as much as $160 million in assets for Bank of America and was responsible for saving the notorious animal testing lab, Huntington Life Sciences, from financial ruin in January 2001. HLS has been exposed in 5 undercover investigations, documenting on video and in hardcopy evidence incidents of horrendous animal cruelty and sloppy fraudulent science. These investigations have shown 4 month old beagle puppies being punched in the face, a live monkey being butchered, and animals that are said by HLS researchers to be "rotting, but still alive." Despite this documented brutality, Bank of America has refused to divest itself from Stephen Inc. and HLS.
(Sources - Bank of America Kills!, Bank of America)

Bloomberg L.P.
Bloomberg LP is an information, news, and media company based in New York City. The company's founder Michael R. Bloomberg, now holds the office of NYC Mayor. is one of the top five most visited financial information sites on the Internet. In 1999, at the WEF in Davos, Mr. Bloomberg participated in a discussion entitled "Does the Media Help or Hinder Democracy?". After taking office in 2002, Mr. Bloomberg indicated that he would carry on Giuliani's campaign against dissent. His first promise as mayor of NYC was to crack down on panhandlers.
(Sources -, Indymedia)

Boeing Company
Boeing is the world's largest aerospace company and is the leading manufacture of chimerical jetliners and military aircraft. Boeing has repeatedly swindled US taxpayers out of millions of dollars, yet has received $11.6 billion dollars in military contracts. In 1994, Boeing paid the Pentagon $75 million dollars in order to avoid prosecution for overcharging and hazardous-waste disposal. In 2000, the Department of Defense recovered another $54 million dollars from Boeing to resolve allegations that it used defective transmission gears in army Chinook helicopters. That same year, Boeing settled a racial discrimination lawsuit by paying $15 million to current and past African American employees. Today, Boeing is the primary contractor for the Star Wars missile defense system.
(Sources - The Real Rogues Behind Star Wars, Department of Justice)

BP Amoco
In 1998, BP (British Petroleum) merged with Amoco which paved the way for the $30 billion dollar acquisition of ARCO in 2000. This makes BP the holding company of one of the world's largest petroleum and petrochemicals groups. Since 1987, BP has invested billions of dollars into pursuing oil fields in Casanare, Columbia. In addition to economically destroying the social structure of this once agriculture based society, BP financially supports the Colombian military which is notorious for its human rights abuses. Since 1987, 35,000 noncombatants have been murdered or 'disappeared' primarily by the BP backed military and its paramilitary allies. In 1997, BP admitted that it has provided the Colombian Ministry of Defense with $8 million.
(Sources - ZMag, Tall Buildings Deep Pockets)

Coca Cola Company
The Coca Cola Company is the world's largest beverage company and the premier manufacturer of soft drinks. Coke uses hyper-aggressive marketing techniques to target children and young adults who suffer serious health risks due to the over-consumption of soft-drinks. In 1999, African American employees of Coke charged the company with racism and filed a federal lawsuit which resulted in a $192.5 million settlement for compensatory damages, back pay, promotional bonuses and equity adjustments. In 2001, the United Steel Workers Union and the International Labor Rights Fund filed a lawsuit against Coke and Panamerican Beverages, Inc. alleging that Coke maintains open relations with murderous death squads as part of a program to intimidate trade union leaders. The case includes five plaintiffs, all of whom were subjected to torture, kidnapping, and/or unlawful detention while in the employment Coke.
(Source - The 10 Worst Corporations of 2001)

McDonalds is the largest and most well known fast food service in the world with branches in 121 different nations. In 1997, McDonald’s was found “culpably responsible” for cruelty to animals in a US court of law. After an intense campaign by groups such as People For the Ethical Treatment of Animals (PETA), McDonalds agreed to adhere to somewhat higher factory farm standards. However, McDonalds has refused to internationalize these standards. In 2000, newspaper articles in Hong Kong reported that McDonald’s Happy Meal toys were being produced by child laborers forced to work for up to 16 hours a day. In addition to supporting the destruction of precious rainforests through cattle ranching, McDonalds annually produces over a million tons of packaging, used for just a few minutes before being discarded. Some studies have suggested that the Golden Arches are now more universally recognized than the Christian Cross.
(Sources - McCruelty, McSpotlight)

Microsoft Corporation
In the last decade, Microsoft Corporation has come under fire for its monopoly on the standards and architectures that control the design of modern software. It has been estimated that 80% to 90% of all the world's personal computers run on Microsoft software and Microsoft is expanding into newer and greater markets. The company's success can be attributed to its ferociously aggressive marketing strategies and more than a few dirty tricks. Co-Founder and former CEO Bill Gates is worth $97 billion - the net worth of 120 million Americans. One must question if Bill Gates's contribution to society is really worth that of 120,000,000 'ordinary' Americans.
(Sources - Boycott Microsoft, Making Microsoft Safe for Capitalism)

Morgan Stanley
Although the US government, the US Export-Import Bank and the World Bank have refused to finance the Three Gorges Dam on the Yangtze in China, Morgan Stanley has enthusiastically supported the project. Expected to flood the countryside for 350 miles upstream and force the displacement of nearly 1.9 million people, the dam has been financed primarily by the China Development Bank, whose bonds are underwritten by Morgan Stanley. In March of 1989, strong citizen opposition to the project in China forced the People's Congress to suspend plans for the dam, but the project was swiftly resurrected by Premier Li Peng in the aftermath of Tiananmen Square. Other projects financed by Morgan Stanley include the destruction of California wetlands, the construction of an ecologically disastrous pipeline in Tibet and the illegal logging of Indonesian rainforests.
(Sources - International Rivers Network, Flood Wall Street)

Nestlé, the world's largest baby food company, increases profits by promoting artificial infant feeding in violation of the World Health Organization's international code. According to United Nations Children's Fund (UNICEF), reversing the decline in breastfeeding could save the lives of 1.5 million infants every year in areas with unsafe water due to the fact that a bottle-fed baby is 25 times more likely to die from gastro intestinal infections. Nestlé uses dangerous and irresponsible marketing practices and has continually attempted to cover up its complicity to infanticide.
(Source - Baby Milk Action)

Nike Inc.
Nike Inc., the world's foremost footwear manufacturer, has consistently moved production of its sneakers to wherever wages are lowest and workers' rights are most brutally repressed. Nike pays workers less than $2 per day - an amount which is often significantly below a living wage. Meanwhile, Nike hires superstars like Tiger Woods and Michael Jordan for multi-million dollar advertisement blitzes. ABC reported that merely 1% of Nike's annual advertisement budget would raise the 12,000 young Indonesian women making Nike shoes above the poverty line. Nike CEO Phil Knight, a man worth over $5.8 billion, has refused to acknowledge any injustice.
(Sources - Nike Wages, Nike Watch)

Time Warner Inc.
Time Warner, now part of AOL Time Warner, is the largest media corporation in the world. Time Warner and its subsidiaries (which include CNN, HBO, and the WB network) have come under fire in the past for self-censorship and cowardice. One such occurrence involved Noam Chomsky's "Counter-Revolutionary Violence", which Time Warner canceled. William Sarnoff ordered all 10,000 printed copies destroyed after he expressed fear that it might become the next 'Pentagon Papers'. Time Warner will be simultaneously participating in the WEF and covering the anti-WEF demonstrations. Given Time Warners history, can the American public really expect objective news coverage?
(Sources - The Media Monopoly, AOL Time Warner)

In March 2001, it was discovered that Unilever, a leading food and household goods manufacturer, was illegally dumping toxic mercury wastes adjacent to a school in a sensitive watershed forest behind its thermometer factory in Kodaikanal, India. Workers who the company neglected to provide with protective gear while handling toxic mercury have demanded their health records from the company in preparation for an independent assessment of potential health risks from exposure. They have also demanded meaningful financial compensation for closure of the factory and a long-term plan for health monitoring and remediation. Unliever has ignored these demands and stepped up its harassment of workers by ordering their relocation to a factory more than 1000 miles away.
(Source -

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