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Stanley Black & Decker

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Learn more about Pete Peterson-funded astroturf projects at the Fix the Debt Portal.

Campaign to Fix the Debt
Company Profile
Company Name Stanley Black & Decker
CEO Name John Lundgren
CEO Compensation $13,727,871
CEO Retirement Assets $6,734,812
Underfunded Company Pension -$421,500,000
Annual Company Revenue $10,376,400,000
Territorial Tax Break $1,260,000,000
Federal Lobbying/Political Donations ('09-'12*) $1,100,000
Click here for sources.
2011 data unless otherwise noted.
©2013 Center for Media and Democracy

Stanley Black & Decker is a public company that manufactures tools and household hardware founded in 1843 by Frederick Stanley, Duncan Black and Alonzo Decker.[1] The current company is a merger between Frederick Stanley's company and Duncan Black and Alonozo Decker's company. According to the company website, "in 2010, the two companies combined to form Stanley Black&Decker, to deliver the tools and solutions that industrial companies, professionals, and consumers count on to be successful when it really matters."[1] The company is headquartered in New Britain, Connecticut.[2]

In 2011, the company reported $10,376,000,000 in net sales.[3]

Ties to Pete Peterson's "Fix the Debt"

The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare under the guise of fixing the nation's "debt problem." Stanley Black & Decker is part of the Campaign to Fix the Debt as of February 2013.

This article is part of the Center for Media and Democracy's investigation of Pete Peterson's Campaign to "Fix the Debt." Please visit our main SourceWatch page on Fix the Debt.

About Fix the Debt
The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare under the guise of fixing the nation's "debt problem." Through a special report and new interactive wiki resource, the Center for Media and Democracy -- in partnership with the Nation magazine -- exposes the funding, the leaders, the partner groups, and the phony state "chapters" of this astroturf supergroup. Learn more at PetersonPyramid.org and in the Nation magazine.

Board of Directors

As of January 2013[4]

  • Nolan D. Archibald: Executive Chairman of the Board
  • John G. Breen: Lead Independent Director
  • George W. Buckley: Chairman, Arle Capital Partners and Chairman, Expro
  • Patrick D. Campbell: Retired Senior Vice President and Chief Financial Officer, 3M Company
  • Carlos M. Cardoso: Chairman, President and Chief Executive Officer, Kennametal, Inc.
  • Virgis W. Colbert: Former Executive Vice President, Miller Brewing Company
  • Robert B. Coutts: Retired Executive Vice President, Lockheed Martin Corporation
  • Benjamin H. Grizwold, IV: Chairman, Brown Advisory
  • Eileen S. Kraus: Retired Chairman, Fleet Bank, Connecticut
  • John F. Lundgren: President and Chief Executive Officer, Stanley Black & Decker
  • Anthony Luiso: Retired President- Campofrio Spain, Campofrio Alimentacion, S.A.
  • Marianne Miller Parrs: Retired Executive President and Chief Financial Officer, International Paper Company
  • Robert L. Ryan: Retired Senior Vice President and Chief Financial Officer, Medtronic

Contact Information

Corporate Offices[2]
Stanley Black & Decker
1000 Stanley Drive
New Britain, CT 06053

Phone: (860) 225-5111

Resources and articles

Featured SourceWatch Articles on Fix the Debt

References

  1. 1.0 1.1 "History", Stanley Black&Decker, Accessed January 22, 2013.
  2. 2.0 2.1 "Contact Us", Stanley Black&Decker, Accessed January 22, 2013.
  3. Stanley Black & Decker, "2011 Annual Report", organizational document, page 21.
  4. "Board of Directors", Stanley Black&Decker, Accessed January 22, 2013.