Thursday, January 24, 2008

What do you make of this study from Cincinnati Studies?

If nothing else, it provides a good description of Cincinnati Political History.

From their Press Release:

SEVEN CORPORATIONS DOMINATE CINCINNATI’S ECONOMY, SOCIETY AND POLITICS LEADING TO “DISTORTED DEVELOPMENT,” POVERTY

“Who Rules Cincinnati?” argues that seven corporations have dominated the City of Cincinnati’s economy, society and politics leading to “distorted development” and “grotesque contrasts between rich and poor” with “a particularly damaging impact on the African American population.”

The study, a compendium of information on Cincinnati-based corporations, their revenues, profits and the salaries of their officers, and their political contributions, also describes the role of corporate coalitions such as Cincinnati Business Committee (CBC), Downtown Cincinnati Incorporated (DCI), and Cincinnati Center City Development Corporation (3CDC).


. . . . . . .

The principal findings of the study are are:
Seven corporations, by virtue of their enormous wealth and power, dominate the economic and social life of Cincinnati – 1) Procter & Gamble; 2) Kroger, 3) Macy’s/Federated Department Stores/; 4) Fifth Third Bancorp, 5) Western and Southern Financial, 6) American Financial Corp, and, 7) E.W. Scripps. They can be said to rule Cincinnati and among them, Procter & Gamble plays the predominant role.

In Cincinnati the seven dominant corporations and some other companies guide all the important civic, cultural, and social organizations of the city. They influence or control the boards of directors of foundations, universities, museums, and social welfare organizations. They sit on boards while community members and working people are virtually excluded from participation. Middle class and working class people have almost no role in these organizations or at best have token representation.

To read the full report, click here

2 comments:

Matt Hurley said...

Would Cincinnati be better off if these businesses weren't in Cincinnati? Maybe every business ought to avoid Cincinnati and we can have a utopia where everybody is rich and doesn't have to work!

Uhh...I don't get it...

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