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Examples of Mainly Corporate Funded Think Tanks: Cato Institute

Founded in 1977 the Cato Institutes 1998 budget made up US$ 11 million. Its funding consists of corporate and private donations (especially from corporations and executives in the highly regulated industries of financial services, telecommunications and pharmaceuticals industries) and sales of publications.

Catos corporate donors include tobacco firms:

Philip Morris (

Rupert Murdoch sits on Philip Morris board of directors) and

R.J. Reynolds. Financial firms:

American Express,

Chase Manhattan Bank,

Chemical Bank,

Citicorp/Citibank, Commonwealth Fund, Prudential Securities and

Salomon Brothers. Energy conglomerates:

Chevron Companies,

Exxon Company,

Shell Oil Company and Tenneco Gas, as well as the

American Petroleum Institute,

Amoco Foundation and

Atlantic Richfield Foundation. Furthermore the Cato Institute is funded by pharmaceutical firms:

Eli Lilly & Company,

Merck & Company and

Pfizer, Inc., foundations, like Koch, Lambe and Sarah Scaife and companies from the telecommunications sector: Bell Atlantic Network Services, BellSouth Corporation,

Microsoft, NYNEX Corporation,

Sun Microsystems and

Viacom.

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Rupert Murdoch

Australian-born newspaper publisher and media entrepreneur, founder and head of the global media holding company The News Corporation Ltd., which governs News Limited (Australia), News International (U.K.), and News America Holdings Inc. (U.S.). Murdoch's corporate interests center on newspapers, magazines, books, and electronic publishing; television broadcasting; and film and video production, principally in the United States, the United Kingdom, and Australia.

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Exxon

Formerly (until 1972) Standard Oil Company, Exxon is one of the world's largest corporations in terms of sales, with investments and operations in petroleum and natural gas, coal, nuclear fuels, chemicals, and such ores as copper, lead, and zinc. It also operates pipelines and one of the world's largest fleets of tankers and other ships. Exxon engages in every phase of the petroleum industry from oil fields to service stations. It is headquartered in Irving, Texas, a suburb of Dallas.

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