Monday, August 21, 2006

The MisFORTUNE 500!

IIPM PUBLICATION
For the Fortune #2 Wal-Mart, Berkeley Labour Centre in 2004 contended that the company’s employees are paid so less that majority of its workers in California depend heavily on government aid programs costing the exchequer a whopping $86 million annually, particularly in health care and housing projects. GM, placed at 5th, received a film ‘promo’ in Michael Moore’s documentary Roger & Me, which highlighted the disastrous consequences on the families of 40,000 laid-off workers in Flint.

The 6th ranked Chevron has been credited with a $7.42 million sexual harassment suit (1992), shooting at protesters in Nigeria (1998), and 10 refinery accidents sending scores to hospitals (1999). Ford earned ‘plaudits’ for first agreeing to stop advertisements in gay magazines in 2005, and then withdrawing the decision after protests. The company has been ranked 9th this year. ConocoPhilips, ranked 10th, America’s largest oil refiners, agreed in 2005 to spend $525 million to settle the case for violating the Clean Air Act. Fortune #11, GE, discharged 1.3 million pounds of lethal polychlorinated biphenyls over 30 years into New York’s Hudson River, making it the most polluted hazardous waste site of the US.

Read Complete IIPM Article, Click on IIPM Article

Source :- IIPM Editorial, 2006, Editor - Prof. Arindam Chaudhuri

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