Paul Allaire
 Paul Allaire      (businessman) | |
|---|---|
 | |
| Born | 21 July 1938 |
| Died | 24 February 2019 (Age 80) |
| Nationality | USA |
| Alma mater | Worcester Polytechnic Institute, Carnegie Mellon University |
| Member of | Bilderberg/Steering committee, Trilateral Commission |
Bilderberg Steering Committee member and board of the Council on Foreign Relations who headed Rank Xerox | |
Paul Allaire was a US businessman and a member of the Bilderberg Steering Committee. He headed Rank Xerox. A 1999 study put Allaire as one of the six most central members of the transnational capitalist class[1].
Career
He was first hired by Xerox in 1966. Allaire was named CEO in August 1990, succeeding David T. Kearns who retired at the mandatory age limit of 60.[2] Allaire was elected as the company's chairman on May 29, 1991, after Kearns accepted an appointment as Secretary of Education in the administration of President George H. W. Bush.
When Allaire became CEO, Xerox had billions of dollars in insurance liabilities, so he methodically disentangled the company from property and casualty insurance and other financial-services businesses. Allaire also rolled out cost-cutting and new product technology introductions, including the first digital copier-Document Center. In 1994, Allaire rebranded Xerox as "The Document Company" to signal its ambition to move far beyond copiers, as the growth of desktop computing stimulated huge increases in the number of documents being created.[3] Under Allaire's "Leadership through Quality" program, Xerox was the first U.S. company to win back lost market share from the Japanese. Allaire earned a reputation throughout his Xerox career as a cost cutter who reorganized departments and increased market share.[4]
Fraud
In 2003, the SEC accused Allaire and five other Xerox executives of allowing the company to overstate its profits by $1.4 billion over four years. Under a settlement, Allaire will pay a $1 million penalty and forfeit $7.6 million in bonus pay and proceeds from stock sales at Xerox, but will neither admit nor deny wrongdoing. In addition, he is barred from serving as director of a public corporation for five years.[5]
Connections
He was a member of the Bilderberg Steering Committee. After Xerox, he was Chairman of the Board of the Ford Foundation.
He served as Chairman of J P Morgan & Co Inc. since May 1991 and served as its Director since 1997. He serves as a Director of Sara Lee Corporation. He served as a Non Executive Director of Lucent Technologies Inc., from 1996 to June 2003, Priceline.com Inc. from February 1999 to June 9, 2003, GlaxoSmithKline PLC from May 23, 2000 to June 5, 2003 and SmithKline Beecham PLC. He served as Director of Morgan Guaranty Trust Company of New York. He serves as a Member of the Boards of Council on Competitiveness, Council on Foreign Relations, New York City Ballet, and Catalyst. Mr. Allaire also serves as a Member of The Business Council and National Academy of Engineering; Trustee of Worcester Polytechnic Institute and Carnegie-Mellon University." [6]
Events Participated in
| Event | Start | End | Location(s) | Description |
|---|---|---|---|---|
| Bilderberg/1987 | 24 April 1987 | 26 April 1987 | Italy Cernobbio | 35th Bilderberg, in Italy, 106 participants |
| Bilderberg/1991 | 6 June 1991 | 9 June 1991 | Germany Baden-Baden Steigenberger Hotel Badischer Hof | The 39th Bilderberg, 114 guests |
| Bilderberg/1992 | 21 May 1992 | 24 May 1992 | France Royal Club Evian Evian-les-Bains | The 40th Bilderberg. It had 121 participants. |
| Bilderberg/1993 | 22 April 1993 | 25 April 1993 | Greece Nafsika Astir Palace Hotel Vouliagmeni | The 41st Bilderberg, held in Greece |
| Bilderberg/1994 | 2 June 1994 | 5 June 1994 | Finland Helsinki | The 42nd Bilderberg, in Helsinki. |
| Bilderberg/1995 | 8 June 1995 | 11 June 1995 | Greece Nafsika Astir Palace Hotel Vouliagmeni | The 43rd Bilderberg. Held at the Burgenstock Hotel in Burgenstock, Switzerland. |
| Bilderberg/1996 | 30 May 1996 | 2 June 1996 | Canada Toronto | The 44th Bilderberg, held in Canada |
| Bilderberg/1997 | 12 June 1997 | 15 June 1997 | US Lake Lanier Georgia (State) | The 45th Bilderberg meeting |
| Bilderberg/1998 | 14 May 1998 | 17 May 1998 | Scotland Turnberry | The 46th Bilderberg meeting, held in Scotland, chaired by Peter Carrington |
| Bilderberg/1999 | 3 June 1999 | 6 June 1999 | Portugal Sintra | The 48th Bilderberg, 111 participants |
| Bilderberg/2000 | 1 June 2000 | 4 June 2000 | Belgium Brussels Genval | The 48th Bilderberg, 94 guests |
| Bilderberg/2001 | 24 May 2001 | 27 May 2001 | Sweden Stenungsund | The 49th Bilderberg, in Sweden. Reported on the WWW. |
| Bilderberg/2002 | 30 May 2002 | 2 June 2002 | US Virginia Chantilly Westfields Marriott | The 50th Bilderberg, held at Chantilly, Virginia. |
References
- ↑ https://web.archive.org/web/20100307234317/https://jwsr.ucr.edu/archive/vol9/number1/pdf/jwsr-v9n1-carolcarson.pdf
- ↑ http://findarticles.com/p/articles/mi_m3495/is_5_46/ai_74829355/
- ↑ "Xerox Names Paul Allaire as Chairman". Los Angeles Times. May 30, 1991. "Paul A. Allaire, president and CEO of Xerox Corp, was elected chairman on May 29, 1991"
- ↑ http://www.economist.com/node/38774
- ↑ https://philanthropynewsdigest.org/news/ford-foundation-backs-embattled-chairman
- ↑ Paul Arthur Allaire, Businessweek, accessed October 22, 2008.
