Chicago's (Duncan/Daley) Renaissance 2010 School "Reform": How Private Capital Makes Public Policy

[Hannah Bell]

Let's look at who footed the bill.

http://romanticpoet.wordpress.com/2009/01/25/obamas-arne-duncan-sec-of-education-and-renaissance-2010/


I. Investors of $2,000,000 & Above

*Anonymous (2)

- The public apparently has no right to know who pays to "reform" their schools, or whose input is listened to by those implementing the "reforms".


*Northern Trust:

- Invests old money for the super-rich of Chicago & elsewhere. Original shareholders (1889) = Field (dept store fortune), Armour (meat-packing), McCormick (ag machinery) & the Smith banking family of Chicago, who ran NT 1889-1981:

http://www.petershumway.org/nti/nti06174.htm

Directors include Susan Crown (Crown Family, below) & John W. Rowe (Rowe Charitable Trust & Exelon, below).

Note the central role of folks associated with Illinois Tool Works, a company formed by Byron Smith, founder of the Northern Trust.

http://www.itw.com/itw/this_is_itw/history



*The Crown Family

- Chicagoan Henry Crown's descendants & funders of Obama's campaign effort.

http://en.wikipedia.org/wiki/Henry_Crown

http://en.wikipedia.org/wiki/Lester_Crown

"Controlled by Chicago's Crown family, Henry Crown and Company is an investment firm that owns or has interests in a variety of business assets. These holdings include stakes in sports teams (the Chicago Bulls and the New York Yankees), leisure (Aspen Skiing Company), banking (Chase), and real estate (Rockefeller Center). The company also has a stake in General Dynamics; after once controlling the company outright, it still has a seat on the board. The Crown family, worth an estimated $4.8 billion, ranks #75 on the 2008 Forbes magazine's List of Richest Americans and are prominent Chicago-area philanthropists."

http://biz.yahoo.com/ic/40/40214.html



*Rowe Family Charitable Trust

- Family trust of John W. Rowe: "John W. Rowe, 63, is the chairman and chief executive officer of Exelon Corporation, a utility holding company headquartered in Chicago. Exelon has the largest market capitalization in the electric utility industry. Its retail affiliates serve 5.4 million customers in Illinois and Pennsylvania, and its generation affiliate operates the largest fleet of nuclear power plants in the nation. Rowe is the senior chief executive in the utility industry, having served in such positions since 1984. Rowe has led Exelon since its formation in 2000 through the merger of PECO Energy and the parent of Commonwealth Edison."

http://www.equilar.com/CEO_Compensation/EXELON_CORP_John_W._Rowe.php



*Exelon Corporation

- John Rowe's Corporation: http://www.exeloncorp.com/aboutus/management/



*The Searle Funds at The Chicago Community Trust

- Searle Funds: From the estate of pharm magnate John Searle

- Chicago Community Trust: Chicago area foundation.

Executive Committee responsible for all grant allocations includes:

Paula Crown (Crown family);

Trustees include:

William Daley (Daley political family)
Waddell (Northern Trust) family member,
John Canning Jr (Chicago Federal Reserve, see below)

Trustee Banks include JP Morgan, BOA, Northern Trust, La Salle, etc.



*Bill and Melinda Gates Foundation

- No explanation needed. Gates & Warren Buffett, both obama funders & both principles in Gates Foundation funding, regularly trade off "world's richest man" crown.

Gates Foundation = probably biggest funder of R&D into genetically modified (patentable) ag & medicine, "marketization" in economies not yet fully controlled by global capital (i.e. poor peasants & tribesmen in africa), & destroying traditional culture under the guise of "empowering women," as well as school "reform".



*The Walton Family Foundation, Inc

- No explanation needed. Richest family in US, biggest funder of school "reform" & charter schools. Supposedly "right wing," the Waltons play well with supposedly "liberal" foundations like Gates on school reform.



II. Investors of $1,000,000 to $1,999,999

*Baxter International Inc: Pharma

*JPMorgan Chase: no intro needed.

*McDonald’s Corp. & Ronald McDonald House Charities

*The Boeing Company: no intro needed.


*McCormick Foundation:

- The Chicago Tribune-owning McCormicks' family foundation.

Publisher Robert Rutherford McCormick = great-nephew of Cyrus McCormick: "McCormick Reaper" McCormick Harvesting Co. became International Harvester.

http://en.wikipedia.org/wiki/Cyrus_McCormick

Grandson of Joseph Medill: http://en.wikipedia.org/wiki/Joseph_Medill

Cousin of Joseph Medill Patterson, founder of NY Daily News & Grandfather of Madeline Albright's husband of 23 years: http://en.wikipedia.org/wiki/Joseph_Medill_Patterson_Albright

cousin of Cissy Patterson, founder of Newsday & Guggenheim wife: http://en.wikipedia.org/wiki/Alicia_Patterson

Son of diplomat Robert S McCormick (Sec to Robert Todd Lincoln): http://en.wikipedia.org/wiki/Robert_Sanderson_McCormick

Brother of Joseph M McCormick, whose wife Ruth Hanna = daughter of the fixer & capitalist Mark Hanna, Rockefeller schoolmate, the Rockefellers being connected early on to the ag instrument business of the McCormick ancestors.
http://en.wikipedia.org/wiki/Joseph_Medill_McCormick
http://en.wikipedia.org/wiki/Ruth_Hanna_McCormick
http://en.wikipedia.org/wiki/Mark_Hanna

Red-baiting McCormick family had ties to McCarthyism & US intelligence, e.g.:
http://www.time.com/time/magazine/article/0,9171,766555,00.html



* The Chicago Community Trust:

- See above.



*Chicago High School Redesign Initiative

- A project of the Chicago Community Trust, see above



*Polk Bros Foundation:

- Chicago furniture money: Obama donors & friends
http://www.polkbrosfdn.org/wherewevebeen.html
http://web.archive.org/web/20010124111600/www.catalyst-chicago.org/10-99/109prom.htm



*Civic Committee of The Commercial Club of Chicago

- Chair White = Abbott Pharma
- Vice-Chair Farrell = Illinois Tool Works
- Committee Member John Canning, also on Chicago Community Trust Board
- Members Knight & Parkinson = Baxter
- Member W. James McNerney, JR. = Boeing
- Rosenfeld = Kraft
- Sander = Chicago Mercantile Exchange (CME)
- Skinner = McDonalds
- Waddell = Northern Trust

- Member John W. Roger, JR. = Arne Duncan Business partner
http://en.wikipedia.org/wiki/John_W._Rogers,_Jr.

- Member John Rowe = Excelon, Rowe Family Trust (see above)

- The two Pritzker members = Pritzker family (see below)



*Pritzker Foundation

- Family foundation of one of america's richest families & major obama backers & donors. Penny Pritzker = campaign finance chair:

http://en.wikipedia.org/wiki/Pritzker_family

http://en.wikipedia.org/wiki/Abram_Nicholas_Pritzker



*CME Trust

- Chicago Mercantile Exchange Trust:

CME Group (http://www.cmegroup.com) is the world's largest and most diverse
exchange. Formed by the 2007 merger of the Chicago Mercantile Exchange
(CME) and the Chicago Board of Trade (CBOT), CME Group serves the risk
management needs of customers around the globe. As an international
marketplace, CME Group brings buyers and sellers together on the CME Globex
electronic trading platform and on its trading floors. CME Group
is traded on the New York Stock Exchange and NASDAQ under the symbol "CME."

Chicago Mercantile Exchange Trust was established by CME in 1969, under
the direction of its then chairman, Leo Melamed, to provide financial
protection to customers in the event a CME member firm became insolvent or
unable to meet its obligations to its customers.... CME Trust is an independent for-profit
Illinois trust, separate from CME Group Inc. For more information on CME
Trust, contact Kassie Davis, Executive Director.



*Rauner Family Foundation: environment, religion, & charter schools?

http://www.implu.com/nonprofit/363993405

http://www.activistcash.com/foundation.cfm/did/1593

Bruce V. Rauner: Goldner Rauner venture capital/private equity

http://www.buyoutsconferences.com/buyouts_chicago_2009/expert_speakers/bruce_v_rauner.aspx



*Deloitte LLP:

- big 4 international auditing firm

http://en.wikipedia.org/wiki/Deloitte_Touche_Tohmatsu



*Financial Investments Corporation

- Connected with La Salle Bank, Chicago Community Trust Trustee Bank.

http://www.fic-sff.com/fic-history.php



*Sonnenschein Nath & Rosenthal LLP

- International chicago law firm est 1906; made its bones repping Sears & allstate.

http://en.wikipedia.org/wiki/Sonnenschein_Nath_&_Rosenthal



*Sara Lee Corporation



III. Investors of $500,000 to $999,999

*Illinois Tool Works Foundation
- Foundation of Illinios Tool Works, founder = Byron Smith, head of Northern Trust:

http://www.itw.com/itw/this_is_itw/history



*Kirkland & Ellis LLP

- law firm founded by Robert McCormick, Chicago Trib publisher (see above); a top US firm; Ken Starr & Robert Bork = former counsel at the firm.

http://en.wikipedia.org/wiki/Kirkland_&_Ellis



*Madigan Family Foundation

- Family foundation of former Chicago Trib (McCormick family founders) exec & banker John Madigan

http://www.substancenews.net/articles.php?section=Article&page=355



*The Canning Foundation

- Chicago-area family foundation; John Canning Jr. = Director of Fed Reserve Bank of chicago & chicago community trust (see above).

http://en.wikipedia.org/wiki/John_Canning,_Jr.
http://www.campaignmoney.com/political/contributions/rita-canning.asp?cycle=08



*Sidley Austin LLP
- The law firm where Michelle worked & met Barack; 9th-largest firm in the world.

http://en.wikipedia.org/wiki/Sidley_Austin



*The Allstate Corporation: the Sears insurance company.
*Sears Holdings Corporation: i.e. "Sears," 8th-largest US retailer, Chicago-based, founders = sears, roebuck, & rosenwald, friend of henry morgenthau sr & goldman sachs partner henry goldman:

http://en.wikipedia.org/wiki/Julius_Rosenwald



*Abbott: Pharma

*Kenilworth Families Partnership

- apparently an alliance of kenilworth neighborhood families with some kind of private funders.


*PricewaterhouseCoopers LLP - another Big Four auditor
*Ernst & Young - another Big Four auditor


*HSBC – North America
- Hong Kong Shanghai Banking Corporation, the bank built on the opium trade.

http://en.wikipedia.org/wiki/The_Hongkong_and_Shanghai_Banking_Corporation


*Mayer Brown LLP

- http://www.mayerbrown.com/about/index.asp?nid=10113



*Bain & Company

- management consultant firm; mitt romney = former partner

http://en.wikipedia.org/wiki/Bain_&_Company


*Fortune Brands
- http://en.wikipedia.org/wiki/Fortune_Brands


*Grosvenor Capital Management
- "privately-owned hedge fund sponsor...founded in 1971 & based in Chicago."
http://www.linkedin.com/companies/grosvenor-capital-management


*W.W. Grainger, Inc:

- http://en.wikipedia.org/wiki/W._W._Grainger


*Harris Bank
- https://www4.harrisbank.com/wealth/0,4928,62610052_62628473,00.html

*Winnetka Families Partnership
*Woodley Road Neighbors
*AT&T
*Kraft Foods
*Bank of America
*Motorola Foundation
*Discover Financial Services



IV. Investors of $250,000 to $499,999

*John W. Rogers, Jr
- Arne Duncan Business Partner



*Carnegie Corporation of New York
- The old robber baron's "philanthopy," keeping the world safe for capital for 98 years.

http://en.wikipedia.org/wiki/Carnegie_Corporation_of_New_York

etc.




Some grassoots. To the person who said "Obama doesn't know what's going on in his Education Dept" re charter schools: of course he does. These people are his backers, funders, supporters & friends.

[madfloridian]

1. Good research.

:hi:

[slay]

2. Wow - great amount of info

thanks for posting this - i'm going to bookmark it.. K&R

[leftstreet]

3. K&R

[Hannah Bell]

4. The unreccers are here; only +6 now, down from +7.

No one wants to hear it: the philanthropists don't "help" us, but "control" us, mold the world to their specifications.

we live on their workfarm.

now down to +5!! oh noes!!

[Hannah Bell]

5. oopsie: forgot the link the Chicago Civic Committee & the two Daleys on it:

http://www.civiccommittee.org/members/index.html

JAMES S. CROWN
President - Henry Crown and Company

HON. RICHARD M. DALEY*
Mayor - City of Chicago

WILLIAM M. DALEY
Vice Chairman - JPMorgan Chase & Co.

[Hannah Bell]

6. down to +4 now.

speaking of the specifics of money - such poor taste.

[Hannah Bell]

7. kick

[JoseGaspar]

11. Yep...

We've been NGO'ed... Just like in the Sudan. Any asshole with money can make up any shit they like and force its implementation, all in the name of "private charity". Meanwhile, the other end of pincer is the continued de-funding of public guarantees in favor of such "charity".

Privatization of policy... sort of a SocialBlackwater... WhiteWater?

[Hannah Bell]

12. the defunding is a big piece. plus the tax shift, to nickle & dime the costs of gov't onto

the lower orders.

[Hannah Bell]

15. kicking for the blind. put in a penny & see.

you know, i'd think it was of interest that a very small circle of interconnected folks funded the chicago charter school project - & that most of them were obama's big funders, too -

but i guess i'm just dense. i mean, the freakshow at FOX is obviously more important.

because everyone knows a bunch of morons with liver spots are the most important political fact in the country.

they wouldn't be getting TV time if someone didn't want to present a sideshow.

[blindpig]

8. k&r

What more do you need to know?

[Hannah Bell]

9. no one wants to know.

[Nikki Stone1]

10. That's most of the problem

People don't want to know what's really happening. Maybe it's all too much.

[fascisthunter]

13. here's another recommend!

kick

[maryf]

14. Good work, K&Rnt

[Hannah Bell]

16. thanks for the kick.

[Hannah Bell]

17. kicking myself.

[maryf]

18. Don't kick yourself!!

Let me kick you!! :hi:

[Hannah Bell]

19. Harold Fowler McCormick married JD Rockefeller's daughter Edith,

so their kids were first cousins to the Chicago Trib McCormicks. as well as to the blairs of "william blair & co," another funder of ren 2010, founder william mccormick blair's mother being yet another first cousin of the mccormicks.

chicago's school reform is beginning to look like it originates from about 4 extended families.

http://www.williamblair.com/Pages/firm.asp

[DailyGrind51]

20. Kudos, plaudits, and accolades for your research!