On 7/20/07, Doug Henwood <dhenwood at panix.com> wrote:
>
>
> On Jul 20, 2007, at 6:42 PM, Auguste Blanqui wrote:
>
> > I brought the Ford/GM issue up at the Left Forum panel on health
> > insurance,
> > and someone in the audience said that big business doesn't want NHI
> > because
> > of interlocking capital. The guy said that Ford/GM/et. al have
> > investments
> > in funds that invest in insurance companies (or direct stock) or
> > sit on
> > boards of such companies. Probably true, but would be interesting
> > to see
> > the extent and then explore how it affects big employers' lobbying.
>
> I'm skeptical of this. Ford and GM are not quite at death's door, but
> they're definitely somewhere on the approach road. One or two board
> memberships in common and a portion of the pension portfolio wouldn't
> be enough to outweigh the survival instinct. I just looked at the
> Ford board and there's not a single interlock with an insurance
> company. The CEO of Nokia, which is based in a social democracy, is
> on the board.
>
> Doug
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