Most people these days are angry at British Petroleum for the oil spill but the British do not own the majority of the company.
Why is this not coming out?
According to records released today in showing how much the BP stock has fallen, it was revealed that the company's biggest owner of stock, is JP Morgan Chase, a United States investment firm.
So maybe they should begin calling it JP or JPMC or Ray or Jay or JC...etc.
According to the European financial database Amadeus, (Really, it's Armadeus) JPMorgan Chase is the No. 1 holder of stock in BP. That distinction also has earned the Wall Street bank the title of "Global Ultimate Owner" of the oil giant, as it owns 28.34% of BP.
Next, at about EIGHT PERCENT is Legal and General Group, a British-based financial services company with assets of more than $350 billion.
The rest is owned by Blackrock, Inc (A US investment firm) a third U.S. investment firm, and the governments of Kuwait, Norway, China and Singapore!
So, is President going to kick their asses? Not unless he wants his kicked in return.
So perhaps the BP just stands for Big Polluter. There are plenty of those around. Why pick on the Brits?