10 worst Corps. of 2001,I cant believe Monsanto missed out.
mattd
mattd at useoz.com
Sat Jan 5 05:10:37 PST 2002
The Ten Worst Corporations of 2001
by Russell Mokhiber and Robert Weissman In a year marked not only by the
now-standard forms of corporate marauding but also by brazen wartime
profiteering, it was no easy chore to identify Multinational Monitor's 10
corporations of 2001.
The competition was even tougher than usual. But choices had to be made.
And now decisions have been reached.
Multinational Monitor has named Abbott Laboratories, Argenbright, Bayer,
Coke, Enron, Exxon Mobil, Philip Morris, Sara Lee, Southern Co. and
Wal-Mart as the 10 worst corporations of 2001
Appearing in alphabetical order, the 10 worst are:
Abbott Laboratories, for its TAP Pharmaceuticals, a joint venture with
Japanese Takeda Pharmaceuticals. TAP was forced to pay $875 million to
resolve criminal charges and civil liability in connection with allegations
of major Medicare reimbursement fraud. Among other alleged fraudulent
activities, as a way of hooking doctors on prescribing Lupron, its prostate
cancer drug, TAP gave doctors free samples and then encouraged doctors to
bill Medicare for the free samples.
Argenbright, the security company, for repeat violations of regulations for
airport security. Argenbright's appalling record -- including violations of
security rules it had been caught breaking just a year earlier -- helped
convince Congress to federalize U.S. airport security operations.
Bayer, for its overcharge of the government and public for the anti-anthrax
drug Cipro, based on a patent monopoly that may well be improperly
maintained by virtue of a collusive arrangement with a generic
manufacturer. Bayer also secured a place on the 10 worst list for its
dangerous peddling of antibiotics for poultry (contributing to antibiotic
resistance among humans) and its harassment of a German watchdog group,
Coalition Against Bayer Dangers, for maintaining a BayerWatch.com website.
Coca Cola, for its sponsorship of the first Harry Potter movie and possible
sequels, using a children's favorite to hawks its unhealthy product, and
for alleged complicity with death squads in Colombia targeting union
leaders there.
Enron, for costing many of its employees their life savings by refusing to
let them dump company stock from their pension plans, as Enron plunged
toward bankruptcy.
ExxonMobil, for leading the global warming denial campaign (even O'Dwyer's
a leading rag of the public relations industry, has chastised the company
for its "stubborn refusal to acknowledge the fact that burning fossil fuels
has a role in global warming") and blocking efforts at appropriate remedial
action, plus a host of other reckless activities.
Philip Morris, for its "we've changed" marketing campaign -- revealed to be
a hoax by a Czech study it commissioned alleging cost savings from
smoking-related premature deaths, as well as the company's ongoing efforts
to addict millions of new smokers.
Sara Lee, for a scandal involving its Ball Park Franks hot dogs.
Listeria-contaminated Ball Park Franks killed 21 and seriously injured 100
in 1998. In 2001, with civil and criminal litigation around the case
heating up, the Detroit Free Press reported that Sara Lee stopped
performing tests for bacteria after it started recording too many
positives. The U.S. attorney, which handled prosecution of the criminal
case, insists Sara Lee did not know about the presence of listeria in its
hot dogs. In an extraordinary move, the U.S. attorney issued a joint press
release with Sara Lee announcing settlement of the case. The final tally:
21 dead. A misdemeanor plea. A $200,000 fine.
Southern Co., the largest electric utility in the United States, for its
efforts to defeat sensible air pollution regulations. Southern is a heavy
user of coal, and leads the fight to maintain a ridiculous "grandfather"
clause in the U.S. Clean Air Act, which exempts power plants built before
1970 from Clean Air Act standards.
Wal-Mart, for continuing to source products from overseas sweatshops, for
viciously battling efforts to unionize any fraction of its workforce (the
largest in the United States, among private employers), and for
contributing to the sprawl that blights the U.S. landscape.
For a complete version of Multinational Monitor's article naming the 10
worst corporations of 2001, see www.essential.org/monitor.
Russell Mokhiber is editor of the Washington, D.C.-based Corporate Crime
Reporter. Robert Weissman is editor of the Washington, D.C.-based
Multinational Monitor. They are co-authors of Corporate Predators: The Hunt
for MegaProfits and the Attack on Democracy (Monroe, Maine: Common Courage
Press, 1999; http://www.corporatepredators.org)
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