Possible to own many big corporations without your name being tied to them?

Flyback

Golden Member
Sep 20, 2006
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Let's say you were wanting to control all the media and had the money to outright purchase all major news networks, newspapers, magazines and radio. For a moment, pretend that the respective courts for mergers/acquisitions allowed for it. Pretend it is all privately-owned corps. that you are taking over. (as in, no publicly traded stock)

Could you somehow own it all without the public knowing that? Perhaps obscure it through tons of corporations (entities as opposed to human owner) and have a corporation owning subsidiaries which in turn owns others, hiding it through the various layers?

Obviously something has to be on paper to acknowledge that you are, in fact, the owner. But can you hide it from the public at large and still maintain control and ownership? Must all privately-owned corporations have publicly accessible information such as basic info in a business directory?

How can you minimize even internal employees from knowing about it all? Is it even possible? (say, at most, you only wanted a handful of people knowing).

Of the people that know about it, say the people who file the legal paperwork and the government employees who license the corporation--do they have a legal obligation to keep it "under wraps" if you do not wish to disclose it?
 

pulse8

Lifer
May 3, 2000
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"Must all privately-owned corporations have publicly accessible information such as basic info in a business directory?"

Basically, yes.
 

kranky

Elite Member
Oct 9, 1999
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IF someone had enough money to be able to afford all that stuff, it could certainly be done without anyone knowing - at least for a while. Eventually, word would leak out.
 

Flyback

Golden Member
Sep 20, 2006
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Originally posted by: kranky
IF someone had enough money to be able to afford all that stuff, it could certainly be done without anyone knowing - at least for a while. Eventually, word would leak out.

Even with a team of very bright and sneaky business lawyers on your side? (who, plead their every allegiance to you, of course :p)
 

Rebasxer

Golden Member
Apr 10, 2005
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Paper trails are scary, but its commonly unknown that The Federal Reserve Bank of NY, which dominates the Fed, is owned by Chase Manhattan and Citibank, which are owned by the same trust, which belongs to one family. So maybe it's possible