Paul Allaire

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Person.png Paul Allaire   Powerbase SourcewatchRdf-entity.pngRdf-icon.png
(businessman)
Paul Allaire.png
Born21 July 1938
Died24 February 2019 (Age 80)
NationalityUSA
Alma materWorcester Polytechnic Institute, Carnegie Mellon University
Member ofBilderberg/Steering committee, Trilateral Commission

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

EventStartEndLocation(s)Description
Bilderberg/198724 April 198726 April 1987Italy
Cernobbio
35th Bilderberg, in Italy, 106 participants
Bilderberg/19916 June 19919 June 1991Germany
Baden-Baden
Steigenberger Hotel Badischer Hof
The 39th Bilderberg, 114 guests
Bilderberg/199221 May 199224 May 1992France
Royal Club Evian
Evian-les-Bains
The 40th Bilderberg. It had 121 participants.
Bilderberg/199322 April 199325 April 1993Greece
Nafsika Astir Palace Hotel
Vouliagmeni
The 41st Bilderberg, held in Greece
Bilderberg/19942 June 19945 June 1994Finland
Helsinki
The 42nd Bilderberg, in Helsinki.
Bilderberg/19958 June 199511 June 1995Greece
Nafsika Astir Palace Hotel
Vouliagmeni
The 43rd Bilderberg. Held at the Burgenstock Hotel in Burgenstock, Switzerland.
Bilderberg/199630 May 19962 June 1996Canada
Toronto
The 44th Bilderberg, held in Canada
Bilderberg/199712 June 199715 June 1997US
Lake Lanier
Georgia (State)
The 45th Bilderberg meeting
Bilderberg/199814 May 199817 May 1998Scotland
Turnberry
The 46th Bilderberg meeting, held in Scotland, chaired by Peter Carrington
Bilderberg/19993 June 19996 June 1999Portugal
Sintra
The 48th Bilderberg, 111 participants
Bilderberg/20001 June 20004 June 2000Belgium
Brussels
Genval
The 48th Bilderberg, 94 guests
Bilderberg/200124 May 200127 May 2001Sweden
Stenungsund
The 49th Bilderberg, in Sweden. Reported on the WWW.
Bilderberg/200230 May 20022 June 2002US
Virginia
Chantilly
Westfields Marriott
The 50th Bilderberg, held at Chantilly, Virginia.


References