Tuesday, August 22, 2006

Corporate America’s penchant for enriching their top-lines has taken catastrophic proportions


IIPM PUBLICATION
It isn’t amazingly surprising that in 2006, not a single American company from the Fortune Global 100 list could feature in Top 100 American companies to work for, except for just one wild exception – Valero Energy. The other top performers (in the Fortune Global 500, in terms of revenues) have also led the race in arrogance towards people, insensitivity towards environment and callousness towards society at large. In the boardrooms of US Inc., social and environmental sensitisation has been dumped forever within the dust-bins of amnesia. A close observation of American companies featuring in the top 20 reveals it all.

Picture this – ExxonMobil, the Fortune #1 in Global 500 for the year 2006, has also been the ignominious topper in oil spills across the world. A monstrous 10.8 & 17 million gallons of oil spilt by Exxon Valdez (1989) and ExxonMobil Green Point (1947-87) killed about 250,000 sea birds, 300 seals, 30 whales and billions of Salmon eggs, besides leaving a ghastly environmental footprint. The company also funded a $130,000 study by Pacific Research Institute, whose dubious claim of air quality improvement was conveniently picked up by Bush for aggressively denying the existence of ‘Global Warming’ during his poll campaign!

For Complete IIPM Article, Click on IIPM Article

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