The Life and Times of Me

The world of Amy is quickly spinning towards the Easter holidays which means, a bed in which my feet dont fall off the end, yey. Also trying to get chemistry reports written so they can be forgotten about and just handed in when the time comes. I found this while doing research for a geography tutorial, I think its quiet amusing (although I dont think the rest of the group did!). I got it from CorpWatch:

Multinational Monitor has named Arthur Andersen, British American Tobacco (BAT), Caterpillar, Citigroup, DynCorp, M&M/Mars, Procter & Gamble, Schering Plough, Shell and Wyeth as the 10 Worst Corporations of 2002.

Appearing in alphabetical order, the 10 worst are:

Arthur Andersen, for a massive scheme to destroy documents related to the Enron meltdown. "Tons of paper relating to the Enron audit were promptly shredded as part of the orchestrated document destruction," a federal indictment against Andersen alleged. "The shredder at the Andersen office at the Enron building was used virtually constantly and, to handle the overload, dozens of large trunks filled with Enron documents were sent to Andersen's main Houston office to be shredded." Andersen was convicted for illegal document destruction, effectively putting the company out of business.

BAT, for operating worldwide programs supposedly designed to prevent youth smoking but which actually make the practice more attractive to kids (by suggesting smoking is an adult activity), continuing to deny the harmful health effects of second-hand smoke, and working to oppose efforts at the World Health Organization to adopt a strong Framework Convention on Tobacco Control.

Caterpillar, for selling bulldozers to the Israeli Defense Forces (IDF), which are used as an instrument of war to destroy Palestinian homes and buildings. The IDF has destroyed more than 7,000 Palestinian homes since the beginning of the Israeli occupation in 1967, leaving 30,000 people homeless.

Citigroup, both for its deep involvement in the Enron and other financial scandals and its predatory lending practices through its recently acquired subsidiary The Associates. Citigroup paid $215 million to resolve Federal Trade Commission (FTC) charges that The Associates engaged in systematic and widespread deceptive and abusive lending practices.

DynCorp, a controversial private firm which subcontracts military services with the Defense Department, for flying planes that spray herbicides on coca crops in Colombia. Farmers on the ground allege that the herbicides are killing their legal crops, and exposing them to dangerous toxins.

M&M/Mars, for responding tepidly to revelations about child slaves in the West African fields where much of the world's cocoa is grown, and refusing to commit to purchase a modest 5 percent of its product from Fair Trade providers.

Procter & Gamble, the maker of Folger's coffee and part of the coffee roaster oligopoly, for failing to take action to address plummeting coffee bean prices. Low prices have pushed tens of thousands of farmers in Central America, Ethiopia, Uganda and elsewhere to the edge of survival, or destroyed their means of livelihood altogether.

Schering Plough, for a series of scandals, most prominently allegation of repeated failure over recent years to fix problems in manufacturing dozens of drugs at four of its facilities in New Jersey and Puerto Rico. Schering paid $500 million to settle the case with the Food and Drug Administration.

Shell Oil, for continuing business as usual as one of the world's leading environmental violators -- while marketing itself as a socially and environmentally responsible company.

Wyeth, for using duplicitous means, and without sufficient scientific proof, to market hormone replacement therapy (HRT) to women as a fountain of youth. Scientific evidence reported in 2002 showed that long-term HRT actually threatens women's lives, by increasing the risks of breast cancer, heart attack, stroke and pulmonary embolism.

posted by Amy @ 10:52