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here to SIGN COAT's online PETITION now! Stop CPP investments in firms selling military, police, spy or prison-related products to Israel |
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Dell Inc. |
Canada Pension Plan (CPP) Investment in 2011 = $19 million |
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This is the online version of |
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Investments in Dell by other Top Canadian Pension Funds: |
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Caisse |
$22,339,000 | |||
OMERS |
$246,000 | |||
OTPP |
$32,263,000 | |||
PSPI |
$8,087,000 | |||
Total = $81,935,000 | ||||
In his speech to a US Navy technology conference in 2001, company founder, chairman and CEO, Michael Saul Dell, said he was "very proud" the "Navy is one of Dell’s largest customers." At a US Air Force technology conference in 2002, he said "the Air Force has become one of our largest customers." When introducing Dell at a US Army technology event in 2004, General Steven Boutelle said there are "soldiers all over the Middle East that are Dell employees functioning in reserve units. They have contractors in the Middle East. They are supporting us throughout Baghdad, Iraq and the rest of the world." Dell’s speech then noted that "[t]his year, the Army is going to be one of our largest customers in the world." Dell also supplies US allies and has had a subsidiary in Israel since 1999. That year, Michael Dell, accepted an invitation to visit Israel from the director-general of Israel’s Industrial Cooperation Authority. The American-Israeli Cooperative Enterprise has noted that Dell was "born…to a wealthy Jewish family in Houston, Texas," and "is one of the richest people in the world...with a net worth of $14.6 billion in 2011." By 2005, Dell was the third largest supplier of PCs and laptops in Israel. This was thanks, in part, to one of Dell’s largest buyers, the Israel Defense Forces (IDF). In 2006, the IDF contracted Dell to supply 50,000 personal computers (PCs). Globes reported that this three-year contract was "financed from US military aid to Israel." The paper also noted that the IDF tender was "thought to be the largest of its kind in Israel and is divided into three categories: laptops, PCs and servers." Another Israeli paper, Haaretz, confirmed this as "one of the Israeli army’s biggest computer tenders," and said "the army is paying between $600 to $700 per unit" making "the contract worth about $30 million to $35 million to Dell Israel." It noted that Dell had also won a separate contract "to supply portable computers to the Israeli government." Globes’ also mentioned this other contract saying Dell would also supply 2,500 PCs to various unspecified government offices. In 2009, Michael Dell accepted another invitation to Israel, this time from the country’s President, Shimon Peres. Dell had met Peres earlier that year at the global power elite’s "World Economic Forum" in Davos, Switzerland. At that time, Peres suggested to Dell "that he should [start] a business development center in Jerusalem" and Dell did just that. In early 2010, Dell Inc. paid US$12 million for Exanet, an Israeli data-storage systems firm. This allowed Dell to open its Israeli R&D center in early 2011. Exanet’s key executives are closely tied to several large companies that supply Israel’s military: l Cofounder/CEO, Giora Yaron, was on Rafael’s advisory board. (See "State-owned Israeli War Industries.") He is also an Amdocs director.l CEO/President, Mark Weiner, was in various executive positions at NetApp. (See NetApp in table "CPP Investments.")l President of Exanet Americas, Bruce Chumley, held key posts at EMC and Hitachi Data Systems.l Chief Financial Officer, Michael Berger, filled "various financial and managerial roles" at Motorola Communications Israel. (See Motorola in table "CPP investments.") |
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COAT research (published in Issues 66 and 67 of Press for Conversion!) exposes that in 2011 the
CPP owned about $1.5 billion worth of shares in 68 corporations supplying Israel with military, police, surveillance and
prison-related products. To read COAT's research on the first half of these 68 companies, click the pdf links below to see the print version of Issue 66. Or, click each company name for the web version.) (Articles on the second set of 34 companies are in Issue #67 of Press for Conversion!): |
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pdf 3M Co pdf Amdocs Ltd pdf Analog Devices Inc pdf AT&T pdf BAE Systems pdf Bank Hapoalim pdf Bezeq pdf Bharat Electronics Ltd pdf CAE Inc pdf Carlyle Group pdf Caterpillar Inc pdf Cellcom Israel pdf Cemex pdf Cisco Systems pdf CRH plc pdf Daewoo Engineering & Construction pdf Daimler AG pdf Delek Group pdf Dell Inc pdf Discount Investment Corp pdf Doosan Corp pdf Eaton Corp pdf Elbit Systems pdf EMC Corp pdf Evraz Group pdf Fiat Industrial pdf Fiat SpA pdf Finmeccanica pdf Fujitsu Ltd pdf Hewlett-Packard Co pdf Hitachi Ltd pdf Honeywell International pdf Hyundai Motor Co pdf Hyundai Heavy Industries Additional resources from this issue: Israeli Spy Companies: Verint and Narus
State-owned Israeli War
Industries:
Vertex Venture Capital:
Table listing
CPP Investments worth $1.5
billion
in 66 companies supporting Israel's military, police, surveillance, prison-industrial complex.
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Michael Dell Connecting Technology, Michael Dell Keynote Address, May 15,
2001. Michael Dell Remarks, Air Force IT Conference, August 27,
2002. Michael Dell Remarks, US Army DOIM Conference, September 1,
2004. Top 100 Defense Contractors "Michael Dell to Visit Israel," Globes, September 26,
1999. "The computer and Internet markets," Israel High-Tech &
Investment Report, April 2006. HP, Dell win govt, IDF computing tenders, Globes, May
23, 2006. Guy Grimland, "Dell day: Won Israeli army tender too,"
Haaretz, May 24, 2006. Shmulik Shelah, "Michael Dell in private visit to Israel,"
Globes, June 22, 2009. "Dell Purchases Israeli Data Firm," Globes, February
8, 2010. Mark Weiner |