Giant Sucking Sounds & Stakeholders
Every corporation nurtures its “stakeholders” -- definable groups, each with a vested interest in its success. Internal stakeholders -- directors, officers, and employees, as well as external stakeholders such as shareholders, contractors, agents, customers, and prospects -- are important niche markets, carefully cultivated to ensure prosperity.
A recognized leader in open-borders advocacy, First Data Corporation and its subsidiary, Western Union, are no different. Most First Data/Western Union (FDWU) stakeholders profit from the Giant Sucking Sound emanating from its Colorado headquarters as valued customers -- typically immigrants-- wire billions of dollars “home.”
To expand its immigrant customer base, FDWU has spent at least $15 million promoting massive third-world immigration into the US. In March 2004, FDWU created a $10 million “Empowerment Fund” whose Advisory Panel includes ethnic hustlers like Raul Yzaguirre, CEO of the National Council of La Raza (“The Race”). The fund exclusively supports Latino and pro-immigration causes. Raul and other ranting razistas allocated $800,000 for a Denver pilot program to support and increase the number of “Latino” business owners via the local Hispanic Chamber. FDWU also has spent $5.5 million in “charitable” donations as part of settling class-action lawsuits brought by pro-Mexico agitators charging that the company failed to disclose “unreasonably high commissions” for money transfers to Mexico.
First Data’s raza-based Mexican marketing effort has paid off. According to a March 2004 article in Denver’s Westword newspaper. FDWU generated more than $10 billion in 2004, with more than $1 billion in profit from Western Union alone. Profits from “escort services” and porn websites are detailed in the article.
In a Business 2.0 Magazine article “Give Me Your Tired, Your Hungry, Your Cash ... " (9/15/04), Western Union’s CEO Christina Gold chirps that "Our center is the receive side... because, for our customer, 'home' is not the US."
If only that were so!
As the US economy goes south, First Data’s CEO Charles Fote (rhymes with "No way” and “Jose”) focuses on money too, saying that “...it's important to note that [the Latino-only business fund] is not about ethnicity or skin color.[Oh really?] This initiative is about green - money - and empowering people to improve their lives and our economy."
Whose lives....whose economy?
No doubt, FDWU top stakeholders’ personal economy improves as they loot America. In 2004, Fote reportedly earned a salary of $1,08 million, a $1.1 million bonus, and 350,000 shares and stock options.
Financial analysts assure First Data’s myopic US investor stakeholders that their stock is a “good pick,” secured by dollars siphoned off of increasing, outbound money transfers which in turn are siphoned off of America. The corporation’s newly acquired STAR ATM network pilfers dollars faster, and more profitably. These dollars are lost forever to the US economy. Planned expansions into India and China should boost the booty.
FDWU American employee stakeholders are happy for work in our ever-shrinking domestic job market; yet their personal, short-term economic gains accelerate our nation’s decline. In just seven years, the number of FDWU money transfer “agents” rose from 55,000 to 200,000, with just 65,000 being US storefronts. As an aside, since 9/11, FDWU has paid $11 million in fines to government regulators for failure to comply with money laundering laws.
While most reporters focus on FDWU exploiting “poor” illegals via “high” money transfer fees, the real victims of government sanctioned corporate greed are Americans who lose jobs and quality of life to invaders even as we are taxed to support and service them.
First Data/Western Union and its Foundation truly have taken the lead in promoting massive immigration and “rights” for illegal aliens, funding many subversive tax-free groups who boast of lobbying for drivers licenses, healthcare, food, housing, education, instate tuition discounts and amnesty for millions of illegals. Fote outlines First Data’s ruinous immigration plan of attack on America, a must-read posted here. For a list of grantees, see here.
As part of its self-serving efforts to expand its border-jumper customer base, FDWU in 2004 began hosting a series of immigration forums across the nation. CEO Fote characterized these forums as promoting “..... a more enlightened debate...This debate must take place in full support of the respect and dignity of immigrants and their families."
For the record, FDWU’s rabidly open borders “Immigration Reform” Forum held last July in Denver -- where I was beaten up by a Mexican national employed by the Hep-C Connection, a nonprofit funded by FDWU’s Foundation -- did not in any way support the respect and dignity of this American Citizen.
FDWU also funded a Spanish-only Colorado Guide that shows illegal aliens how to access public services while avoiding detection and deportation. The Guide includes a sample family budget, allocating $200 per month to be wired from Colorado to “familia” in Mexico by....surprise (!) Western Union.
CEO Fote tells his own Italian immigrant’s tale, which I (with artistic license) paraphrase here: The once-great Roman Empire stupidly opened its gates to foreign hordes looking for a better life, with no allegiance to the Empire’s survival. Greedy, elitist leaders who facilitated this silent invasion caused the decline and fall of the Roman Empire. Centuries later, Grandpapa Fote ditched still-shakey Italy, destroyed by the foolish policies of his own failed forefathers, and came to America as an economic refugee. And today, I -- Charles -- repeat family history...bringing in foreign hordes who will lead to America’s destruction.
Deja vu all over again, Chuck!
Most thinking Citizens understand that First Data Corp’s financial fangs sink deep into America’s lifeblood, while its various stakeholders suckle on the deadly drizzle.
So gentle readers, please indulge me in my fantasy about an entirely different kind of stakeholder in the activities of First Data/Western Union:
My fellow American Citizen Stakeholders: Boycott. Divest. Put principles above profits. Stop the Giant Sucking Sound coming from First Data/Western Union as America is bled dry by open-borders corporate profiteers. Our very survival depends upon it.
Terry Graham, an American Citizen, was attacked by a Mexican national last July while attending First Data/Western Union's “Immigration Reform” Forum in Denver. She has filed a civil lawsuit against First Data/Western Union and her attacker. She can be reached at email@example.com, or via her website
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