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CHEVRON: CORPORATE RAP SHEET CHEVRON. by Philip Mattera. Chevron, once part of the Standard Oil empire, has grown over the past quarter century into the world’s fourth largest petroleum company, thanks to a series of ambitious acquisitions: Gulf Oil in 1984, Texaco in 2001 and Unocal in 2005. Chevron is a frequent target of criticism by environmental groups andhuman
TOYOTA: CORPORATE RAP SHEET Toyota used its professed obsession with quality and efficiency to turn itself into the world’s leading automaker, but a safety scandal that erupted in 2010 seriously damaged the company's reputation. Toyota, whose chief executive apologized during an appearance before the U.S. Congress, later paid $1.2 billion to settle a federalcriminal
HSBC: CORPORATE RAP SHEET HSBC. By Philip Mattera. Once a staid financial institution with a focus on Asia, HSBC has found itself caught up in recent years in scandals involving predatory lending, tax evasion and the role its lax internal controls have played in helping drug traffickers and ASTRAZENECA: CORPORATE RAP SHEET AstraZeneca. By Philip Mattera. London-based pharmaceutical giant AstraZeneca is the result of the 1999 merger of Britain’s Zeneca, a spinoff of the old Imperial Chemical Industries specializing in cancer medications, and Sweden’s Astra AB, which was best known for the ulcer and heartburn medication Prilosec. CORPORATE GOVERNANCE REFORM AFTER ENRON At a broader level, corporate governance is the starting point for a discussion about the responsibility of companies and executives toward a wider base of stakeholders -- customers, employees, shareholders, business partners and in particular, the communities within which they operate. This e-letter gives an overview of several key corporate JOHNSON & JOHNSON: CORPORATE RAP SHEET In 2019 J&J and its subsidiary Ethicon, Inc. agreed to pay over $116 million to 41 states and the District of Columbia to settle litigation alleging deceptive marketing of transvaginal surgical mesh devices. In a separate suit brought by California, a state judge ordered the company to pay $344 million. Consumer Protection. BARRICK GOLD: CORPORATE RAP SHEET Barrick Gold. Thanks to an aggressive series of acquisitions over more than quarter of a century, Canadian-based Barrick Gold has grown to become the world's largest producer in the dirty business of gold mining. Along the way it has become embroiled in controversies over pollution, human rights and mine safety issues on five continents. ENBRIDGE: CORPORATE RAP SHEET Enbridge was a target of human rights and other campaigners concerned about its role in the OCENSA pipeline in Colombia, where there were reports of environmental damage, displacement of indigenous communities and violence against union activists. Enbridge sold off its interest in OCENSA in 2009. Late Fees Controversy. AIRBUS | CORPORATE RESEARCH PROJECT Airbus. By Philip Mattera. In 2014 the aerospace and military contracting giant that had been know by the cumbersome name European Aerospace, Defense and Space Company (EADS) rebranded itself as Airbus, the much better known name used by its civilian arm. BARCLAYS: CORPORATE RAP SHEET Barclays, which dates back to a Quaker goldsmithing and banking firm founded in 1728, became a significant force in 1896, when 20 banks merged to form Barclay and Company. A series of additional mergers in the early 20 th Century made Barclays one of the largest banks in Great Britain. During this period it also built an extensiveinternational
CHEVRON: CORPORATE RAP SHEET CHEVRON. by Philip Mattera. Chevron, once part of the Standard Oil empire, has grown over the past quarter century into the world’s fourth largest petroleum company, thanks to a series of ambitious acquisitions: Gulf Oil in 1984, Texaco in 2001 and Unocal in 2005. Chevron is a frequent target of criticism by environmental groups andhuman
TOYOTA: CORPORATE RAP SHEET Toyota used its professed obsession with quality and efficiency to turn itself into the world’s leading automaker, but a safety scandal that erupted in 2010 seriously damaged the company's reputation. Toyota, whose chief executive apologized during an appearance before the U.S. Congress, later paid $1.2 billion to settle a federalcriminal
HSBC: CORPORATE RAP SHEET HSBC. By Philip Mattera. Once a staid financial institution with a focus on Asia, HSBC has found itself caught up in recent years in scandals involving predatory lending, tax evasion and the role its lax internal controls have played in helping drug traffickers and ASTRAZENECA: CORPORATE RAP SHEET AstraZeneca. By Philip Mattera. London-based pharmaceutical giant AstraZeneca is the result of the 1999 merger of Britain’s Zeneca, a spinoff of the old Imperial Chemical Industries specializing in cancer medications, and Sweden’s Astra AB, which was best known for the ulcer and heartburn medication Prilosec. CORPORATE GOVERNANCE REFORM AFTER ENRON At a broader level, corporate governance is the starting point for a discussion about the responsibility of companies and executives toward a wider base of stakeholders -- customers, employees, shareholders, business partners and in particular, the communities within which they operate. This e-letter gives an overview of several key corporate JOHNSON & JOHNSON: CORPORATE RAP SHEET In 2019 J&J and its subsidiary Ethicon, Inc. agreed to pay over $116 million to 41 states and the District of Columbia to settle litigation alleging deceptive marketing of transvaginal surgical mesh devices. In a separate suit brought by California, a state judge ordered the company to pay $344 million. Consumer Protection. BARRICK GOLD: CORPORATE RAP SHEET Barrick Gold. Thanks to an aggressive series of acquisitions over more than quarter of a century, Canadian-based Barrick Gold has grown to become the world's largest producer in the dirty business of gold mining. Along the way it has become embroiled in controversies over pollution, human rights and mine safety issues on five continents.WHAT WE CAN DO
Basic Corporate Information. § Legal name, headquarters address, telephone number and website. § Company status: whether it is publicly traded or privately held and whether it is a subsidiary of another company. In the case of institutions such as hospitals, we can also determine whether it CORPORATE RAP SHEETS CORPORATE RAP SHEETS Just about every day there is a new case of corporate malfeasance—bribery, tax evasion, price-fixing, defrauding of government or consumers, environmental violations, unfair labor practices and much more. Given the frequency of these scandals, it is difficult to keep track of which corporation has done what. UBS: CORPORATE RAP SHEET UBS. By Philip Mattera. UBS, the result of the 1998 marriage of two giant Swiss banks and the subsequent acquisition of the U.S. brokerage house PaineWebber, has been embroiled in a series of recent scandals involving its role in helping wealthy Americans evade taxes, its role in the manipulation of the LIBOR interest rate index and its failure to prevent one of its traders from running up CHEVRON: CORPORATE RAP SHEET CHEVRON. by Philip Mattera. Chevron, once part of the Standard Oil empire, has grown over the past quarter century into the world’s fourth largest petroleum company, thanks to a series of ambitious acquisitions: Gulf Oil in 1984, Texaco in 2001 and Unocal in 2005. Chevron is a frequent target of criticism by environmental groups andhuman
BP: CORPORATE RAP SHEET BP (formerly British Petroleum) has become one of the world’s most controversial giant corporations because of its involvement in a series of major environmental and industrial accidents. The company has been the target of intense criticism for its role in the April 2010 explosion at a drilling platform in the Gulf of Mexico thatkilled 11
BANK OF AMERICA: CORPORATE RAP SHEET Dozens of local governments joined the suit, which created potential liability for the bank of some $3 billion. As SF Weekly put it in a 5,000-word story in 1997, the lawsuits alleged “a truly astonishing pattern of utterly brazen thievery.”. In 1998 Bank of America agreed to pay $187 million to settle the case. BARRICK GOLD: CORPORATE RAP SHEET Barrick Gold. Thanks to an aggressive series of acquisitions over more than quarter of a century, Canadian-based Barrick Gold has grown to become the world's largest producer in the dirty business of gold mining. Along the way it has become embroiled in controversies over pollution, human rights and mine safety issues on five continents. BAE SYSTEMS: CORPORATE RAP SHEET BAE Systems. By Philip Mattera. Formerly known as British Aerospace, BAE Systems has grown into one of the world’s largest aviation and weapons companies, with major operations not only in the United Kingdom but also in Australia, South Africa, Sweden, Saudi Arabia and the United States, where it is now one of the Pentagon’s largestcontractors.
LACK OF ACCOUNTABILITY LACK OF ACCOUNTABILITY: THE ENRON/ARTHUR ANDERSEN SCANDAL AND THE FUTURE OF THE ACCOUNTING BUSINESS. by Philip Mattera. In 1913 a diligent CPA named Arthur Andersen went into business with a colleague and built what would become one of the largest accounting firms in the world. In its early years the firm developed a reputation forintegrity.
ROYAL BANK OF SCOTLAND: CORPORATE RAP SHEET By Philip Mattera. The Royal Bank of Scotland has faced more controversy during the past five years than in the previous 280 years of its existence. In 2008 RBS, which had gotten caught up in the mortgage-backed securities frenzy and had gone far out on a limb in the acquisition of the large Dutch bank ABN AMRO, started postingmassive losses
AIRBUS | CORPORATE RESEARCH PROJECT Airbus. By Philip Mattera. In 2014 the aerospace and military contracting giant that had been know by the cumbersome name European Aerospace, Defense and Space Company (EADS) rebranded itself as Airbus, the much better known name used by its civilian arm. ENBRIDGE: CORPORATE RAP SHEET Enbridge was a target of human rights and other campaigners concerned about its role in the OCENSA pipeline in Colombia, where there were reports of environmental damage, displacement of indigenous communities and violence against union activists. Enbridge sold off its interest in OCENSA in 2009. Late Fees Controversy. CHEVRON: CORPORATE RAP SHEET CHEVRON. by Philip Mattera. Chevron, once part of the Standard Oil empire, has grown over the past quarter century into the world’s fourth largest petroleum company, thanks to a series of ambitious acquisitions: Gulf Oil in 1984, Texaco in 2001 and Unocal in 2005. Chevron is a frequent target of criticism by environmental groups andhuman
BARCLAYS: CORPORATE RAP SHEET Barclays, which dates back to a Quaker goldsmithing and banking firm founded in 1728, became a significant force in 1896, when 20 banks merged to form Barclay and Company. A series of additional mergers in the early 20 th Century made Barclays one of the largest banks in Great Britain. During this period it also built an extensiveinternational
NESTLÉ: CORPORATE RAP SHEET Nestlé. Nestlé, the world's largest food company, is one of the most multinational of companies. With more than 450 manufacturing facilities in over 80 countries spread over six continents, the company seems determined to feed the entire human race. It likes to call itself the “world’s leading nutrition, health and wellnesscompany.”.
TOYOTA: CORPORATE RAP SHEET Toyota used its professed obsession with quality and efficiency to turn itself into the world’s leading automaker, but a safety scandal that erupted in 2010 seriously damaged the company's reputation. Toyota, whose chief executive apologized during an appearance before the U.S. Congress, later paid $1.2 billion to settle a federalcriminal
ASTRAZENECA: CORPORATE RAP SHEET AstraZeneca. By Philip Mattera. London-based pharmaceutical giant AstraZeneca is the result of the 1999 merger of Britain’s Zeneca, a spinoff of the old Imperial Chemical Industries specializing in cancer medications, and Sweden’s Astra AB, which was best known for the ulcer and heartburn medication Prilosec. PFIZER: CORPORATE RAP SHEET By Philip Mattera. Pfizer made itself the largest pharmaceutical company in the world in large part by purchasing its competitors. In the last dozen years it has carried out three mega-acquisitions: Warner-Lambert in 2000, Pharmacia in 2003, and Wyeth in 2009. Then, in 2015, Pfizer announced a $160 billion deal to merge with Allergan andmove
JOHNSON & JOHNSON: CORPORATE RAP SHEET In 2019 J&J and its subsidiary Ethicon, Inc. agreed to pay over $116 million to 41 states and the District of Columbia to settle litigation alleging deceptive marketing of transvaginal surgical mesh devices. In a separate suit brought by California, a state judge ordered the company to pay $344 million. Consumer Protection. RIO TINTO: CORPORATE RAP SHEET Rio Tinto. Rio Tinto, one of the largest mining companies in the world, started out in 1873 as a copper operation in Spain but now has operations on six continents, with the largest presences in Australia and North America. Its products include aluminum, copper, diamonds, coal, uranium, gold, iron ore, and industrial minerals (borates,titanium
AIRBUS | CORPORATE RESEARCH PROJECT Airbus. By Philip Mattera. In 2014 the aerospace and military contracting giant that had been know by the cumbersome name European Aerospace, Defense and Space Company (EADS) rebranded itself as Airbus, the much better known name used by its civilian arm. ENBRIDGE: CORPORATE RAP SHEET Enbridge was a target of human rights and other campaigners concerned about its role in the OCENSA pipeline in Colombia, where there were reports of environmental damage, displacement of indigenous communities and violence against union activists. Enbridge sold off its interest in OCENSA in 2009. Late Fees Controversy. CHEVRON: CORPORATE RAP SHEET CHEVRON. by Philip Mattera. Chevron, once part of the Standard Oil empire, has grown over the past quarter century into the world’s fourth largest petroleum company, thanks to a series of ambitious acquisitions: Gulf Oil in 1984, Texaco in 2001 and Unocal in 2005. Chevron is a frequent target of criticism by environmental groups andhuman
BARCLAYS: CORPORATE RAP SHEET Barclays, which dates back to a Quaker goldsmithing and banking firm founded in 1728, became a significant force in 1896, when 20 banks merged to form Barclay and Company. A series of additional mergers in the early 20 th Century made Barclays one of the largest banks in Great Britain. During this period it also built an extensiveinternational
NESTLÉ: CORPORATE RAP SHEET Nestlé. Nestlé, the world's largest food company, is one of the most multinational of companies. With more than 450 manufacturing facilities in over 80 countries spread over six continents, the company seems determined to feed the entire human race. It likes to call itself the “world’s leading nutrition, health and wellnesscompany.”.
TOYOTA: CORPORATE RAP SHEET Toyota used its professed obsession with quality and efficiency to turn itself into the world’s leading automaker, but a safety scandal that erupted in 2010 seriously damaged the company's reputation. Toyota, whose chief executive apologized during an appearance before the U.S. Congress, later paid $1.2 billion to settle a federalcriminal
ASTRAZENECA: CORPORATE RAP SHEET AstraZeneca. By Philip Mattera. London-based pharmaceutical giant AstraZeneca is the result of the 1999 merger of Britain’s Zeneca, a spinoff of the old Imperial Chemical Industries specializing in cancer medications, and Sweden’s Astra AB, which was best known for the ulcer and heartburn medication Prilosec. PFIZER: CORPORATE RAP SHEET By Philip Mattera. Pfizer made itself the largest pharmaceutical company in the world in large part by purchasing its competitors. In the last dozen years it has carried out three mega-acquisitions: Warner-Lambert in 2000, Pharmacia in 2003, and Wyeth in 2009. Then, in 2015, Pfizer announced a $160 billion deal to merge with Allergan andmove
JOHNSON & JOHNSON: CORPORATE RAP SHEET In 2019 J&J and its subsidiary Ethicon, Inc. agreed to pay over $116 million to 41 states and the District of Columbia to settle litigation alleging deceptive marketing of transvaginal surgical mesh devices. In a separate suit brought by California, a state judge ordered the company to pay $344 million. Consumer Protection. RIO TINTO: CORPORATE RAP SHEET Rio Tinto. Rio Tinto, one of the largest mining companies in the world, started out in 1873 as a copper operation in Spain but now has operations on six continents, with the largest presences in Australia and North America. Its products include aluminum, copper, diamonds, coal, uranium, gold, iron ore, and industrial minerals (borates,titanium
ENBRIDGE: CORPORATE RAP SHEET Enbridge was a target of human rights and other campaigners concerned about its role in the OCENSA pipeline in Colombia, where there were reports of environmental damage, displacement of indigenous communities and violence against union activists. Enbridge sold off its interest in OCENSA in 2009. Late Fees Controversy. BARCLAYS: CORPORATE RAP SHEET Barclays. By Philip Mattera. Barclays was riding high a few years ago, after it emerged largely unscathed from the financial meltdown. But starting in 2010 the UK bank has been enmeshed in a series of legal and regulatory scandals involving violations of economic sanctions against countries such as Iran and illegal manipulation of the LIBOR interest rate index. TOYOTA: CORPORATE RAP SHEET Toyota used its professed obsession with quality and efficiency to turn itself into the world’s leading automaker, but a safety scandal that erupted in 2010 seriously damaged the company's reputation. Toyota, whose chief executive apologized during an appearance before the U.S. Congress, later paid $1.2 billion to settle a federalcriminal
BP: CORPORATE RAP SHEET BP (formerly British Petroleum) has become one of the world’s most controversial giant corporations because of its involvement in a series of major environmental and industrial accidents. The company has been the target of intense criticism for its role in the April 2010 explosion at a drilling platform in the Gulf of Mexico thatkilled 11
UBS: CORPORATE RAP SHEET UBS. By Philip Mattera. UBS, the result of the 1998 marriage of two giant Swiss banks and the subsequent acquisition of the U.S. brokerage house PaineWebber, has been embroiled in a series of recent scandals involving its role in helping wealthy Americans evade taxes, its role in the manipulation of the LIBOR interest rate index and its failure to prevent one of its traders from running up CARGILL: CORPORATE RAP SHEET Cargill agreed to pay a fine of $1.6 million and to spend $130 million on pollution reduction. In 2006 there was a larger spill—some 218,000 gallons—of toxic brine at Cargill’s salt operation in California. It was later fined $228,000 for the incident. HONDA: CORPORATE RAP SHEET Honda. By Philip Mattera. Honda Motor was one of the great entrepreneurial success stories of post-war Japan. The company grew from a modest operation making engines for motorizing bicycles, into the world's leading motorcycle producer, and then into one of the most aggressive automakers. The company made major innovations in enginedesign
ARAMARK: CORPORATE RAP SHEET Aramark by Philip Mattera Aramark, one of a handful of companies that dominate the foodservice industry, has a track record filled with controversies over its contracting practices and its labor policies. Some of the biggest scandals, including several reports that the company served maggot-infested food, have concerned its contracts with correctional institutions. BARRICK GOLD: CORPORATE RAP SHEET Barrick Gold. Thanks to an aggressive series of acquisitions over more than quarter of a century, Canadian-based Barrick Gold has grown to become the world's largest producer in the dirty business of gold mining. Along the way it has become embroiled in controversies over pollution, human rights and mine safety issues on five continents. BANK OF AMERICA: CORPORATE RAP SHEET Dozens of local governments joined the suit, which created potential liability for the bank of some $3 billion. As SF Weekly put it in a 5,000-word story in 1997, the lawsuits alleged “a truly astonishing pattern of utterly brazen thievery.”. In 1998 Bank of America agreed to pay $187 million to settle the case. AIRBUS | CORPORATE RESEARCH PROJECT Airbus. By Philip Mattera. In 2014 the aerospace and military contracting giant that had been know by the cumbersome name European Aerospace, Defense and Space Company (EADS) rebranded itself as Airbus, the much better known name used by its civilian arm. ENBRIDGE: CORPORATE RAP SHEET Enbridge was a target of human rights and other campaigners concerned about its role in the OCENSA pipeline in Colombia, where there were reports of environmental damage, displacement of indigenous communities and violence against union activists. Enbridge sold off its interest in OCENSA in 2009. Late Fees Controversy. CORPORATE RAP SHEETS CORPORATE RAP SHEETS Just about every day there is a new case of corporate malfeasance—bribery, tax evasion, price-fixing, defrauding of government or consumers, environmental violations, unfair labor practices and much more. Given the frequency of these scandals, it is difficult to keep track of which corporation has done what. BARCLAYS: CORPORATE RAP SHEET Barclays, which dates back to a Quaker goldsmithing and banking firm founded in 1728, became a significant force in 1896, when 20 banks merged to form Barclay and Company. A series of additional mergers in the early 20 th Century made Barclays one of the largest banks in Great Britain. During this period it also built an extensiveinternational
UBS: CORPORATE RAP SHEET UBS. By Philip Mattera. UBS, the result of the 1998 marriage of two giant Swiss banks and the subsequent acquisition of the U.S. brokerage house PaineWebber, has been embroiled in a series of recent scandals involving its role in helping wealthy Americans evade taxes, its role in the manipulation of the LIBOR interest rate index and its failure to prevent one of its traders from running up CHEVRON: CORPORATE RAP SHEET CHEVRON. by Philip Mattera. Chevron, once part of the Standard Oil empire, has grown over the past quarter century into the world’s fourth largest petroleum company, thanks to a series of ambitious acquisitions: Gulf Oil in 1984, Texaco in 2001 and Unocal in 2005. Chevron is a frequent target of criticism by environmental groups andhuman
HSBC: CORPORATE RAP SHEET HSBC. By Philip Mattera. Once a staid financial institution with a focus on Asia, HSBC has found itself caught up in recent years in scandals involving predatory lending, tax evasion and the role its lax internal controls have played in helping drug traffickers and NESTLÉ: CORPORATE RAP SHEET Nestlé. Nestlé, the world's largest food company, is one of the most multinational of companies. With more than 450 manufacturing facilities in over 80 countries spread over six continents, the company seems determined to feed the entire human race. It likes to call itself the “world’s leading nutrition, health and wellnesscompany.”.
BARRICK GOLD: CORPORATE RAP SHEET Barrick Gold. Thanks to an aggressive series of acquisitions over more than quarter of a century, Canadian-based Barrick Gold has grown to become the world's largest producer in the dirty business of gold mining. Along the way it has become embroiled in controversies over pollution, human rights and mine safety issues on five continents. BANK OF AMERICA: CORPORATE RAP SHEET Dozens of local governments joined the suit, which created potential liability for the bank of some $3 billion. As SF Weekly put it in a 5,000-word story in 1997, the lawsuits alleged “a truly astonishing pattern of utterly brazen thievery.”. In 1998 Bank of America agreed to pay $187 million to settle the case. AIRBUS | CORPORATE RESEARCH PROJECT Airbus. By Philip Mattera. In 2014 the aerospace and military contracting giant that had been know by the cumbersome name European Aerospace, Defense and Space Company (EADS) rebranded itself as Airbus, the much better known name used by its civilian arm. ENBRIDGE: CORPORATE RAP SHEET Enbridge was a target of human rights and other campaigners concerned about its role in the OCENSA pipeline in Colombia, where there were reports of environmental damage, displacement of indigenous communities and violence against union activists. Enbridge sold off its interest in OCENSA in 2009. Late Fees Controversy. CORPORATE RAP SHEETS CORPORATE RAP SHEETS Just about every day there is a new case of corporate malfeasance—bribery, tax evasion, price-fixing, defrauding of government or consumers, environmental violations, unfair labor practices and much more. Given the frequency of these scandals, it is difficult to keep track of which corporation has done what. BARCLAYS: CORPORATE RAP SHEET Barclays, which dates back to a Quaker goldsmithing and banking firm founded in 1728, became a significant force in 1896, when 20 banks merged to form Barclay and Company. A series of additional mergers in the early 20 th Century made Barclays one of the largest banks in Great Britain. During this period it also built an extensiveinternational
UBS: CORPORATE RAP SHEET UBS. By Philip Mattera. UBS, the result of the 1998 marriage of two giant Swiss banks and the subsequent acquisition of the U.S. brokerage house PaineWebber, has been embroiled in a series of recent scandals involving its role in helping wealthy Americans evade taxes, its role in the manipulation of the LIBOR interest rate index and its failure to prevent one of its traders from running up CHEVRON: CORPORATE RAP SHEET CHEVRON. by Philip Mattera. Chevron, once part of the Standard Oil empire, has grown over the past quarter century into the world’s fourth largest petroleum company, thanks to a series of ambitious acquisitions: Gulf Oil in 1984, Texaco in 2001 and Unocal in 2005. Chevron is a frequent target of criticism by environmental groups andhuman
HSBC: CORPORATE RAP SHEET HSBC. By Philip Mattera. Once a staid financial institution with a focus on Asia, HSBC has found itself caught up in recent years in scandals involving predatory lending, tax evasion and the role its lax internal controls have played in helping drug traffickers and NESTLÉ: CORPORATE RAP SHEET Nestlé. Nestlé, the world's largest food company, is one of the most multinational of companies. With more than 450 manufacturing facilities in over 80 countries spread over six continents, the company seems determined to feed the entire human race. It likes to call itself the “world’s leading nutrition, health and wellnesscompany.”.
BARRICK GOLD: CORPORATE RAP SHEET Barrick Gold. Thanks to an aggressive series of acquisitions over more than quarter of a century, Canadian-based Barrick Gold has grown to become the world's largest producer in the dirty business of gold mining. Along the way it has become embroiled in controversies over pollution, human rights and mine safety issues on five continents. BANK OF AMERICA: CORPORATE RAP SHEET Dozens of local governments joined the suit, which created potential liability for the bank of some $3 billion. As SF Weekly put it in a 5,000-word story in 1997, the lawsuits alleged “a truly astonishing pattern of utterly brazen thievery.”. In 1998 Bank of America agreed to pay $187 million to settle the case. ENBRIDGE: CORPORATE RAP SHEET Enbridge was a target of human rights and other campaigners concerned about its role in the OCENSA pipeline in Colombia, where there were reports of environmental damage, displacement of indigenous communities and violence against union activists. Enbridge sold off its interest in OCENSA in 2009. Late Fees Controversy. CONAGRA: CORPORATE RAP SHEET ConAgra. by Philip Mattera. Packaged food giant ConAgra seeks to cover all the bases from supposedly good-for-you Healthy Choice frozen entrees to indulgences such as Slim Jim beef jerky and Reddi-wip dessert topping. It is also a major supplier to the foodservice industry. Behind the brands is a corporate track record tainted withnumerous
BANK OF AMERICA: CORPORATE RAP SHEET Dozens of local governments joined the suit, which created potential liability for the bank of some $3 billion. As SF Weekly put it in a 5,000-word story in 1997, the lawsuits alleged “a truly astonishing pattern of utterly brazen thievery.”. In 1998 Bank of America agreed to pay $187 million to settle the case. BP: CORPORATE RAP SHEET BP (formerly British Petroleum) has become one of the world’s most controversial giant corporations because of its involvement in a series of major environmental and industrial accidents. The company has been the target of intense criticism for its role in the April 2010 explosion at a drilling platform in the Gulf of Mexico thatkilled 11
JOHNSON & JOHNSON: CORPORATE RAP SHEET Johnson & Johnson. by Philip Mattera. Johnson & Johnson, which originally made its name in mundane products such as bandages and baby powder and shampoo, grew into a healthcare powerhouse by acquiring pharmaceutical and medical device businesses. HONDA: CORPORATE RAP SHEET Honda. By Philip Mattera. Honda Motor was one of the great entrepreneurial success stories of post-war Japan. The company grew from a modest operation making engines for motorizing bicycles, into the world's leading motorcycle producer, and then into one of the most aggressive automakers. The company made major innovations in enginedesign
TOYOTA: CORPORATE RAP SHEET Toyota used its professed obsession with quality and efficiency to turn itself into the world’s leading automaker, but a safety scandal that erupted in 2010 seriously damaged the company's reputation. Toyota, whose chief executive apologized during an appearance before the U.S. Congress, later paid $1.2 billion to settle a federalcriminal
RIO TINTO: CORPORATE RAP SHEET Rio Tinto. Rio Tinto, one of the largest mining companies in the world, started out in 1873 as a copper operation in Spain but now has operations on six continents, with the largest presences in Australia and North America. Its products include aluminum, copper, diamonds, coal, uranium, gold, iron ore, and industrial minerals (borates,titanium
PFIZER: CORPORATE RAP SHEET By Philip Mattera. Pfizer made itself the largest pharmaceutical company in the world in large part by purchasing its competitors. In the last dozen years it has carried out three mega-acquisitions: Warner-Lambert in 2000, Pharmacia in 2003, and Wyeth in 2009. Then, in 2015, Pfizer announced a $160 billion deal to merge with Allergan andmove
LOCKHEED MARTIN: CORPORATE RAP SHEET Lockheed Martin’s slogan is “we never forget who we’re working for.”. That’s not difficult, given that the company receives more than 80 percent of its revenue from the U.S. government, mostly the Pentagon. Formed by the 1995 “merger of equals” of two major aerospace companies—Lockheed and Martin Marietta—it is the largest AIRBUS | CORPORATE RESEARCH PROJECT Airbus. By Philip Mattera. In 2014 the aerospace and military contracting giant that had been know by the cumbersome name European Aerospace, Defense and Space Company (EADS) rebranded itself as Airbus, the much better known name used by its civilian arm. ENBRIDGE: CORPORATE RAP SHEET Enbridge was a target of human rights and other campaigners concerned about its role in the OCENSA pipeline in Colombia, where there were reports of environmental damage, displacement of indigenous communities and violence against union activists. Enbridge sold off its interest in OCENSA in 2009. Late Fees Controversy. CORPORATE RAP SHEETS CORPORATE RAP SHEETS Just about every day there is a new case of corporate malfeasance—bribery, tax evasion, price-fixing, defrauding of government or consumers, environmental violations, unfair labor practices and much more. Given the frequency of these scandals, it is difficult to keep track of which corporation has done what. BARCLAYS: CORPORATE RAP SHEET Barclays, which dates back to a Quaker goldsmithing and banking firm founded in 1728, became a significant force in 1896, when 20 banks merged to form Barclay and Company. A series of additional mergers in the early 20 th Century made Barclays one of the largest banks in Great Britain. During this period it also built an extensiveinternational
UBS: CORPORATE RAP SHEET UBS. By Philip Mattera. UBS, the result of the 1998 marriage of two giant Swiss banks and the subsequent acquisition of the U.S. brokerage house PaineWebber, has been embroiled in a series of recent scandals involving its role in helping wealthy Americans evade taxes, its role in the manipulation of the LIBOR interest rate index and its failure to prevent one of its traders from running up CHEVRON: CORPORATE RAP SHEET CHEVRON. by Philip Mattera. Chevron, once part of the Standard Oil empire, has grown over the past quarter century into the world’s fourth largest petroleum company, thanks to a series of ambitious acquisitions: Gulf Oil in 1984, Texaco in 2001 and Unocal in 2005. Chevron is a frequent target of criticism by environmental groups andhuman
HSBC: CORPORATE RAP SHEET HSBC. By Philip Mattera. Once a staid financial institution with a focus on Asia, HSBC has found itself caught up in recent years in scandals involving predatory lending, tax evasion and the role its lax internal controls have played in helping drug traffickers and NESTLÉ: CORPORATE RAP SHEET Nestlé. Nestlé, the world's largest food company, is one of the most multinational of companies. With more than 450 manufacturing facilities in over 80 countries spread over six continents, the company seems determined to feed the entire human race. It likes to call itself the “world’s leading nutrition, health and wellnesscompany.”.
BARRICK GOLD: CORPORATE RAP SHEET Barrick Gold. Thanks to an aggressive series of acquisitions over more than quarter of a century, Canadian-based Barrick Gold has grown to become the world's largest producer in the dirty business of gold mining. Along the way it has become embroiled in controversies over pollution, human rights and mine safety issues on five continents. BANK OF AMERICA: CORPORATE RAP SHEET Dozens of local governments joined the suit, which created potential liability for the bank of some $3 billion. As SF Weekly put it in a 5,000-word story in 1997, the lawsuits alleged “a truly astonishing pattern of utterly brazen thievery.”. In 1998 Bank of America agreed to pay $187 million to settle the case. AIRBUS | CORPORATE RESEARCH PROJECT Airbus. By Philip Mattera. In 2014 the aerospace and military contracting giant that had been know by the cumbersome name European Aerospace, Defense and Space Company (EADS) rebranded itself as Airbus, the much better known name used by its civilian arm. ENBRIDGE: CORPORATE RAP SHEET Enbridge was a target of human rights and other campaigners concerned about its role in the OCENSA pipeline in Colombia, where there were reports of environmental damage, displacement of indigenous communities and violence against union activists. Enbridge sold off its interest in OCENSA in 2009. Late Fees Controversy. CORPORATE RAP SHEETS CORPORATE RAP SHEETS Just about every day there is a new case of corporate malfeasance—bribery, tax evasion, price-fixing, defrauding of government or consumers, environmental violations, unfair labor practices and much more. Given the frequency of these scandals, it is difficult to keep track of which corporation has done what. BARCLAYS: CORPORATE RAP SHEET Barclays, which dates back to a Quaker goldsmithing and banking firm founded in 1728, became a significant force in 1896, when 20 banks merged to form Barclay and Company. A series of additional mergers in the early 20 th Century made Barclays one of the largest banks in Great Britain. During this period it also built an extensiveinternational
UBS: CORPORATE RAP SHEET UBS. By Philip Mattera. UBS, the result of the 1998 marriage of two giant Swiss banks and the subsequent acquisition of the U.S. brokerage house PaineWebber, has been embroiled in a series of recent scandals involving its role in helping wealthy Americans evade taxes, its role in the manipulation of the LIBOR interest rate index and its failure to prevent one of its traders from running up CHEVRON: CORPORATE RAP SHEET CHEVRON. by Philip Mattera. Chevron, once part of the Standard Oil empire, has grown over the past quarter century into the world’s fourth largest petroleum company, thanks to a series of ambitious acquisitions: Gulf Oil in 1984, Texaco in 2001 and Unocal in 2005. Chevron is a frequent target of criticism by environmental groups andhuman
HSBC: CORPORATE RAP SHEET HSBC. By Philip Mattera. Once a staid financial institution with a focus on Asia, HSBC has found itself caught up in recent years in scandals involving predatory lending, tax evasion and the role its lax internal controls have played in helping drug traffickers and NESTLÉ: CORPORATE RAP SHEET Nestlé. Nestlé, the world's largest food company, is one of the most multinational of companies. With more than 450 manufacturing facilities in over 80 countries spread over six continents, the company seems determined to feed the entire human race. It likes to call itself the “world’s leading nutrition, health and wellnesscompany.”.
BARRICK GOLD: CORPORATE RAP SHEET Barrick Gold. Thanks to an aggressive series of acquisitions over more than quarter of a century, Canadian-based Barrick Gold has grown to become the world's largest producer in the dirty business of gold mining. Along the way it has become embroiled in controversies over pollution, human rights and mine safety issues on five continents. BANK OF AMERICA: CORPORATE RAP SHEET Dozens of local governments joined the suit, which created potential liability for the bank of some $3 billion. As SF Weekly put it in a 5,000-word story in 1997, the lawsuits alleged “a truly astonishing pattern of utterly brazen thievery.”. In 1998 Bank of America agreed to pay $187 million to settle the case. ENBRIDGE: CORPORATE RAP SHEET Enbridge was a target of human rights and other campaigners concerned about its role in the OCENSA pipeline in Colombia, where there were reports of environmental damage, displacement of indigenous communities and violence against union activists. Enbridge sold off its interest in OCENSA in 2009. Late Fees Controversy. CONAGRA: CORPORATE RAP SHEET ConAgra. by Philip Mattera. Packaged food giant ConAgra seeks to cover all the bases from supposedly good-for-you Healthy Choice frozen entrees to indulgences such as Slim Jim beef jerky and Reddi-wip dessert topping. It is also a major supplier to the foodservice industry. Behind the brands is a corporate track record tainted withnumerous
BANK OF AMERICA: CORPORATE RAP SHEET Dozens of local governments joined the suit, which created potential liability for the bank of some $3 billion. As SF Weekly put it in a 5,000-word story in 1997, the lawsuits alleged “a truly astonishing pattern of utterly brazen thievery.”. In 1998 Bank of America agreed to pay $187 million to settle the case. BP: CORPORATE RAP SHEET BP (formerly British Petroleum) has become one of the world’s most controversial giant corporations because of its involvement in a series of major environmental and industrial accidents. The company has been the target of intense criticism for its role in the April 2010 explosion at a drilling platform in the Gulf of Mexico thatkilled 11
JOHNSON & JOHNSON: CORPORATE RAP SHEET Johnson & Johnson. by Philip Mattera. Johnson & Johnson, which originally made its name in mundane products such as bandages and baby powder and shampoo, grew into a healthcare powerhouse by acquiring pharmaceutical and medical device businesses. HONDA: CORPORATE RAP SHEET Honda. By Philip Mattera. Honda Motor was one of the great entrepreneurial success stories of post-war Japan. The company grew from a modest operation making engines for motorizing bicycles, into the world's leading motorcycle producer, and then into one of the most aggressive automakers. The company made major innovations in enginedesign
TOYOTA: CORPORATE RAP SHEET Toyota used its professed obsession with quality and efficiency to turn itself into the world’s leading automaker, but a safety scandal that erupted in 2010 seriously damaged the company's reputation. Toyota, whose chief executive apologized during an appearance before the U.S. Congress, later paid $1.2 billion to settle a federalcriminal
RIO TINTO: CORPORATE RAP SHEET Rio Tinto. Rio Tinto, one of the largest mining companies in the world, started out in 1873 as a copper operation in Spain but now has operations on six continents, with the largest presences in Australia and North America. Its products include aluminum, copper, diamonds, coal, uranium, gold, iron ore, and industrial minerals (borates,titanium
PFIZER: CORPORATE RAP SHEET By Philip Mattera. Pfizer made itself the largest pharmaceutical company in the world in large part by purchasing its competitors. In the last dozen years it has carried out three mega-acquisitions: Warner-Lambert in 2000, Pharmacia in 2003, and Wyeth in 2009. Then, in 2015, Pfizer announced a $160 billion deal to merge with Allergan andmove
LOCKHEED MARTIN: CORPORATE RAP SHEET Lockheed Martin’s slogan is “we never forget who we’re working for.”. That’s not difficult, given that the company receives more than 80 percent of its revenue from the U.S. government, mostly the Pentagon. Formed by the 1995 “merger of equals” of two major aerospace companies—Lockheed and Martin Marietta—it is the largest AIRBUS | CORPORATE RESEARCH PROJECT Airbus. By Philip Mattera. In 2014 the aerospace and military contracting giant that had been know by the cumbersome name European Aerospace, Defense and Space Company (EADS) rebranded itself as Airbus, the much better known name used by its civilian arm. ENBRIDGE: CORPORATE RAP SHEET Enbridge was a target of human rights and other campaigners concerned about its role in the OCENSA pipeline in Colombia, where there were reports of environmental damage, displacement of indigenous communities and violence against union activists. Enbridge sold off its interest in OCENSA in 2009. Late Fees Controversy. CORPORATE RAP SHEETS CORPORATE RAP SHEETS Just about every day there is a new case of corporate malfeasance—bribery, tax evasion, price-fixing, defrauding of government or consumers, environmental violations, unfair labor practices and much more. Given the frequency of these scandals, it is difficult to keep track of which corporation has done what. BARCLAYS: CORPORATE RAP SHEET Barclays, which dates back to a Quaker goldsmithing and banking firm founded in 1728, became a significant force in 1896, when 20 banks merged to form Barclay and Company. A series of additional mergers in the early 20 th Century made Barclays one of the largest banks in Great Britain. During this period it also built an extensiveinternational
UBS: CORPORATE RAP SHEET UBS. By Philip Mattera. UBS, the result of the 1998 marriage of two giant Swiss banks and the subsequent acquisition of the U.S. brokerage house PaineWebber, has been embroiled in a series of recent scandals involving its role in helping wealthy Americans evade taxes, its role in the manipulation of the LIBOR interest rate index and its failure to prevent one of its traders from running up CHEVRON: CORPORATE RAP SHEET CHEVRON. by Philip Mattera. Chevron, once part of the Standard Oil empire, has grown over the past quarter century into the world’s fourth largest petroleum company, thanks to a series of ambitious acquisitions: Gulf Oil in 1984, Texaco in 2001 and Unocal in 2005. Chevron is a frequent target of criticism by environmental groups andhuman
HSBC: CORPORATE RAP SHEET HSBC. By Philip Mattera. Once a staid financial institution with a focus on Asia, HSBC has found itself caught up in recent years in scandals involving predatory lending, tax evasion and the role its lax internal controls have played in helping drug traffickers and NESTLÉ: CORPORATE RAP SHEET Nestlé. Nestlé, the world's largest food company, is one of the most multinational of companies. With more than 450 manufacturing facilities in over 80 countries spread over six continents, the company seems determined to feed the entire human race. It likes to call itself the “world’s leading nutrition, health and wellnesscompany.”.
BARRICK GOLD: CORPORATE RAP SHEET Barrick Gold. Thanks to an aggressive series of acquisitions over more than quarter of a century, Canadian-based Barrick Gold has grown to become the world's largest producer in the dirty business of gold mining. Along the way it has become embroiled in controversies over pollution, human rights and mine safety issues on five continents. BANK OF AMERICA: CORPORATE RAP SHEET Dozens of local governments joined the suit, which created potential liability for the bank of some $3 billion. As SF Weekly put it in a 5,000-word story in 1997, the lawsuits alleged “a truly astonishing pattern of utterly brazen thievery.”. In 1998 Bank of America agreed to pay $187 million to settle the case. AIRBUS | CORPORATE RESEARCH PROJECT Airbus. By Philip Mattera. In 2014 the aerospace and military contracting giant that had been know by the cumbersome name European Aerospace, Defense and Space Company (EADS) rebranded itself as Airbus, the much better known name used by its civilian arm. ENBRIDGE: CORPORATE RAP SHEET Enbridge was a target of human rights and other campaigners concerned about its role in the OCENSA pipeline in Colombia, where there were reports of environmental damage, displacement of indigenous communities and violence against union activists. Enbridge sold off its interest in OCENSA in 2009. Late Fees Controversy. CORPORATE RAP SHEETS CORPORATE RAP SHEETS Just about every day there is a new case of corporate malfeasance—bribery, tax evasion, price-fixing, defrauding of government or consumers, environmental violations, unfair labor practices and much more. Given the frequency of these scandals, it is difficult to keep track of which corporation has done what. BARCLAYS: CORPORATE RAP SHEET Barclays, which dates back to a Quaker goldsmithing and banking firm founded in 1728, became a significant force in 1896, when 20 banks merged to form Barclay and Company. A series of additional mergers in the early 20 th Century made Barclays one of the largest banks in Great Britain. During this period it also built an extensiveinternational
UBS: CORPORATE RAP SHEET UBS. By Philip Mattera. UBS, the result of the 1998 marriage of two giant Swiss banks and the subsequent acquisition of the U.S. brokerage house PaineWebber, has been embroiled in a series of recent scandals involving its role in helping wealthy Americans evade taxes, its role in the manipulation of the LIBOR interest rate index and its failure to prevent one of its traders from running up CHEVRON: CORPORATE RAP SHEET CHEVRON. by Philip Mattera. Chevron, once part of the Standard Oil empire, has grown over the past quarter century into the world’s fourth largest petroleum company, thanks to a series of ambitious acquisitions: Gulf Oil in 1984, Texaco in 2001 and Unocal in 2005. Chevron is a frequent target of criticism by environmental groups andhuman
HSBC: CORPORATE RAP SHEET HSBC. By Philip Mattera. Once a staid financial institution with a focus on Asia, HSBC has found itself caught up in recent years in scandals involving predatory lending, tax evasion and the role its lax internal controls have played in helping drug traffickers and NESTLÉ: CORPORATE RAP SHEET Nestlé. Nestlé, the world's largest food company, is one of the most multinational of companies. With more than 450 manufacturing facilities in over 80 countries spread over six continents, the company seems determined to feed the entire human race. It likes to call itself the “world’s leading nutrition, health and wellnesscompany.”.
BARRICK GOLD: CORPORATE RAP SHEET Barrick Gold. Thanks to an aggressive series of acquisitions over more than quarter of a century, Canadian-based Barrick Gold has grown to become the world's largest producer in the dirty business of gold mining. Along the way it has become embroiled in controversies over pollution, human rights and mine safety issues on five continents. BANK OF AMERICA: CORPORATE RAP SHEET Dozens of local governments joined the suit, which created potential liability for the bank of some $3 billion. As SF Weekly put it in a 5,000-word story in 1997, the lawsuits alleged “a truly astonishing pattern of utterly brazen thievery.”. In 1998 Bank of America agreed to pay $187 million to settle the case. ENBRIDGE: CORPORATE RAP SHEET Enbridge was a target of human rights and other campaigners concerned about its role in the OCENSA pipeline in Colombia, where there were reports of environmental damage, displacement of indigenous communities and violence against union activists. Enbridge sold off its interest in OCENSA in 2009. Late Fees Controversy. CONAGRA: CORPORATE RAP SHEET ConAgra. by Philip Mattera. Packaged food giant ConAgra seeks to cover all the bases from supposedly good-for-you Healthy Choice frozen entrees to indulgences such as Slim Jim beef jerky and Reddi-wip dessert topping. It is also a major supplier to the foodservice industry. Behind the brands is a corporate track record tainted withnumerous
BANK OF AMERICA: CORPORATE RAP SHEET Dozens of local governments joined the suit, which created potential liability for the bank of some $3 billion. As SF Weekly put it in a 5,000-word story in 1997, the lawsuits alleged “a truly astonishing pattern of utterly brazen thievery.”. In 1998 Bank of America agreed to pay $187 million to settle the case. BP: CORPORATE RAP SHEET BP (formerly British Petroleum) has become one of the world’s most controversial giant corporations because of its involvement in a series of major environmental and industrial accidents. The company has been the target of intense criticism for its role in the April 2010 explosion at a drilling platform in the Gulf of Mexico thatkilled 11
JOHNSON & JOHNSON: CORPORATE RAP SHEET Johnson & Johnson. by Philip Mattera. Johnson & Johnson, which originally made its name in mundane products such as bandages and baby powder and shampoo, grew into a healthcare powerhouse by acquiring pharmaceutical and medical device businesses. HONDA: CORPORATE RAP SHEET Honda. By Philip Mattera. Honda Motor was one of the great entrepreneurial success stories of post-war Japan. The company grew from a modest operation making engines for motorizing bicycles, into the world's leading motorcycle producer, and then into one of the most aggressive automakers. The company made major innovations in enginedesign
TOYOTA: CORPORATE RAP SHEET Toyota used its professed obsession with quality and efficiency to turn itself into the world’s leading automaker, but a safety scandal that erupted in 2010 seriously damaged the company's reputation. Toyota, whose chief executive apologized during an appearance before the U.S. Congress, later paid $1.2 billion to settle a federalcriminal
RIO TINTO: CORPORATE RAP SHEET Rio Tinto. Rio Tinto, one of the largest mining companies in the world, started out in 1873 as a copper operation in Spain but now has operations on six continents, with the largest presences in Australia and North America. Its products include aluminum, copper, diamonds, coal, uranium, gold, iron ore, and industrial minerals (borates,titanium
PFIZER: CORPORATE RAP SHEET By Philip Mattera. Pfizer made itself the largest pharmaceutical company in the world in large part by purchasing its competitors. In the last dozen years it has carried out three mega-acquisitions: Warner-Lambert in 2000, Pharmacia in 2003, and Wyeth in 2009. Then, in 2015, Pfizer announced a $160 billion deal to merge with Allergan andmove
LOCKHEED MARTIN: CORPORATE RAP SHEET Lockheed Martin’s slogan is “we never forget who we’re working for.”. That’s not difficult, given that the company receives more than 80 percent of its revenue from the U.S. government, mostly the Pentagon. Formed by the 1995 “merger of equals” of two major aerospace companies—Lockheed and Martin Marietta—it is the largest Skip to main contentSearch
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* Corporate Rap Sheets * Dirt Diggers Digest THE CORPORATE RESEARCH PROJECT assists community, environmental and labor organizations in researching companies and industries. Our focus is on identifying information that can be used to advance corporate accountability campaigns. We play this role by: * producing unique research tools * carrying out research projects, especially corporate and industry dossiers, for activist organizations and * training activists in corporate research techniques. Our research tools include: * Violation Tracker , the first wide-ranging database on corporate misconduct. * Corporate Rap Sheets , detailed dossiers on some of the worst corporate actors. * Guide to Strategic Corporate Research , an exhaustive guide toonline sources.
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A database on corporate misconduct from the Corporate Research Project of Good Jobs First. Search the database here » LATEST FROM DIRT DIGGERS The Continuing Battle Over Workplace RightsAugust 15, 2019
The claim that everyone is entitled to his or her day in court is supposed to be one of the bedrock principles of the U.S. legal system. This notion… Read more... Targeting Migrants in the WorkplaceAugust 8, 2019
Perhaps to avoid giving the impression that the Trump Administration was getting soft on immigrants by having the president go to El Paso to console… Read more... GUIDE TO CORPORATE RESEARCH You don't need to be an expert to do critical corporate research. See our online guide to findthe best sources.
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