FREEPORT NAMED ONE OF TEN WORST CORPORATIONS OF 1996

Lao Tse (tao@tao.ca)
Tue, 31 Dec 1996 15:00:43 +0000 ()


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)---------- Forwarded message ---------- )Date: Tue, 24 Dec 1996 22:49:06 -0600 (CST) )From: John Clark <clark@beta.loyno.edu> )To: John Clark <clark@beta.loyno.edu> )Subject: FREEPORT NAMED ONE OF TEN WORST CORPORATIONS OF 1996 ) ) Monday, December 23, 1996 ) )MULTINATIONAL MONITOR ANNOUNCES TEN WORST CORPORATIONS OF 1996 ) ) Archer Daniels Midland (ADM), Caterpillar, Daishowa, Daiwa )Disney, Freeport, Gerber, Mitsubishi, Seagram's, and Texaco are )the Ten Worst Corporations of 1996, according to an article in )the December 1996 issue of Multinational Monitor magazine. ) Multinational Monitor's ten worst list, now in its )ninth year, is designed to highlight the most egregious acts of )corporate crime, violence and other wrongdoing. ) Russell Mokhiber, the author of the article, chastises the )Clinton administration for "failing to confront corporate crime )and violence head on" and for failing to "admit to an ugly )reality -- corporate crime and violence inflicts far more damage )on society than all street crime combined." ) Mokhiber points out that while the FBI reports burglary and )robbery combined cost the nation about $4 billion in 1995, white- )collar fraud, generally committed by educated people of means, )costs at least 50 times as much -- $200 billion a year, according )to very conservative estimates. ) Similarly, while the FBI puts the street homicide rate at )about 24,000 a year, the Labor Department points out that more )than twice that number -- 56,000 Americans -- die every year on )the job or from occupational diseases such as black lung, brown )lung, asbestosis and various occupationally-induced cancers. ) The Ten Worst Corporations for 1996 are: ) * ADM, for committing price-fixing crimes that cost )consumers $500 million. [PD NOTE: an ag corporation] ) * Caterpillar, for anti-union practices. ) * Daishowa Inc., for clearcutting timber areas in Alberta, )Canada, then suing a citizen group in Canada for trying to bring )public attention to the company's destructive activity. ) * Daiwa Bank Ltd., for committing financial crimes that )resulted in hundreds of millions of dollars in customer losses. ) * Disney, for hiring sweatshop contractors in the Third )World, including Burma and Haiti, to sew Disney garments. ) * Freeport McMoRan, for polluting areas near one of its )copper mining sites in Irian Jaya, Indonesia. ) * Gerber for pressuring Guatemala to exempt baby food )products from the country's tough infant formula law. ) * Mitsubishi, for destroying tropical rainforests around the )world and for tolerating widespread sexual harassment at )Mitsubishi Motor's Illinois facility. ) * Seagram's, for lifting a 48-year old voluntary ban on )broadcast advertising of distilled spirits. ) * Texaco, for mistreating minority employees, and then )seeking to destroy documents to cover up the episode. ) Multinational Monitor, founded by consumer advocate )Ralph Nader in 1980, is a monthly magazine that focuses on issues )of multinational corporate power. ) ) For More Information ) Please Contact: ) Rob Weissman at ) (202) 387-8030 or ) Russell Mokhiber at ) (202) 737-1680 ) -------------------------------------------------- --/\-- A-Infos A-Infos / / \ \ A-Infos A-Infos ---|--/----\--|--- A-Infos A-Infos \/ \/ /\______/\ http://www.tao.ca/wind/ainfos.html

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