For the Good of Illinois

OpenTheBooks Oversight Report - Fortune 100 Companies

March 13, 2014 10:12 AM
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Fiscal Years 2000-2012: Quantifying Federal Contracts, Grants, Loans, Direct Payments, Insurance, & Farm Subsidies into the Fortune 100


Graphic: Federal Contract Explosion Fortune 100

$1.2 Trillion flows to Fortune 100 (2000-2012)

For the first time, we quantify the Federal Transfer into the wealthiest corporations in the world. 


Examples from our report:

  1. The Top Five Fortune 100 in Contracts: 1. Lockheed Martin ($392.039 billion), 2. Boeing ($269.623 billion) 3. General Dynamics ($170.469 billion), 4. United Technologies ($73.248 billion), 5. General Electric ($35.875 billion).
  2. Plains All American Pipeline was the only company in Fortune 100 receiving ZERO federal monies: searches for its subsidiaries and acquisitions also zeroed.
  3. General Electric received $35.8 billion- an amount equal to 7X more than the $5 billion GE 2010 profit.
  4. Legacy construction contractors at Walmart received $13 million in Small Business Administration "surety bond" subsidies.
  5. Ten Fortune 100 corporations rolled out their national distribution networks by subdividing their businesses to glean $250 million in Small Business Association taxpayer subsidized loans.

Read our Federal Transfer Report- Fortune 100 Companies, here.


Among our findings:  

  • $1.22838 trillion in The Federal Transfer™ spending (FY2000-2012) flowed to Fortune 100 companies - an average of $12.2 billion per corporation. 
  • 1.73%, or $21.277 billion, flowed to the Fortune 100 in the form of grants, direct payments, loans, farm susidies or insurance payments. The Fortune 100 each collected an average total of $212.77 million of federal dollars outside of contracts and should not be underestimated.
  • The Federal Transfer™ into the Fortune 100 doubled during the eight years of the Bush Administration (FY2000- $59.820 billion; FY2008- $118.511 billion), but has been roughly flat during the first four years under the Obama administration (FY2009- $123.46 billion; FY2012- $124.055 billion). 

See the federal subsidies into your local ZIP code. Download our free Open The Books app - Apple & Droid platforms, here  & key your ZIP code to quickly track it all...


1. Read our report;  2. Forward this email to your networks;  3. Like and Share the Investors Business Daily, Stephen Moore column.     

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American Transparency | Chairman






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