Most of them belong to the category of REALLY Bad according to my standards. More than a few of them like Chiquita, hire people to murder those who stand in their way. However, in their criminality a few of them are particularly outstanding. In my opinion the top three are #1 Exxon Mobil a.k.a. Standard Oil #2 General Electric and #3 Blackwater [a.k.a. Xe Services, and a.k.a. Reflex Responses (R2) ]. But even the small fry seem to be horrible. For example, did you ever hear the story of the John Pickle Case? That’s a story about labor abuses. And the most remarkable thing about it all to me is that Mr Pickle had no remorse. In his world, he had done no wrong. John Pickle Company was a manufacturer of oil pipelines and pressure vessels. We all know that competition is one of the great revered cornerstones of Wall Street practices and in fact is often used as justification for many questionable and often illegal labor practices. Mr. Pickle decided that in order to be more competitive, he would import workers from India. . . [Again this point back again to the broken system, a system that operates outside all rules of common decency and humanity.]
It would be fun and noteworthy to me to see what top three corporations the readers/bloggers here at Firedog would choose.
Repost from January 24, 2011 Iflizwerequeen
Maybe it’s because 82 members of Congress own GE stock?
I’ll tell you what I don’t like them and you tell me what you do like about them. What the hell is there to like about them?
GE has been gouging the American people for over 100 years
General Electric Company (backed by Thomas Edison and J.P. Morgan) had proposed to power the electric exhibits with direct current originally at the cost of US$1.8 million. After this was initially rejected as exorbitant, General Electric re-bid their costs at $554,000. However, Westinghouse, armed with Nikola Tesla’s alternating current system, proposed to illuminate the Columbian Exposition in Chicago for $399,000, and Westinghouse won the bid. It was a historical moment and the beginning of a revolution, as Nikola Tesla and George Westinghouse introduced the public to electrical power by illuminating the exposition. All the exhibits were from commercial enterprises. Thomas Edison, Brush, Western Electric, and Westinghouse had exhibits. The public observed firsthand the qualities and abilities of alternating current power. Tesla’s high-frequency high-voltage lighting produced more efficient light with quantitatively less heat. A two-phase induction motor was driven by current from the main generators to power the system. Edison tried to prevent the use of his light bulbs in Tesla’s works. Yeah, Mr. President, that’s “American competitiveness” for you.
GE didn’t pay US Income Tax on their $10.8 billion profit in 2009
Yep thanks to those tax loopholes that our elected officials create for companies like GE and Exxon Mobil, NEITHER Wall Street corporation paid a penny of US income tax in 2009.
GE has designed 91 nuclear power plants in 11 countries, yet its nuclear reactors around the world have a fatal flaw. In the event of a nuclear meltdown, there is a 90 percent chance that radiation from GE-designed reactors would be discharged directly into the atmosphere. While the US Nuclear Regulatory Commission is aware of the problem, it continues to license GE nuclear reactors. GE’s history with nuclear power is an ugly one.
In the 1940s-1960s the company ran experiments on humans with radiation, including irradiating the reproductive organs of prison inmates in Walla Walla, Washington, without warning them of the risk of cancer. Other tests were run on the elderly and hospital patients. General Electric intentionally released large amounts of radiation into the air from the Hanford Nuclear Reservation in Richland, in order to see the distance it would travel.
These atrocities were revealed in hearings in 1986 held by Representative Edward Markey of Massachusetts. The company has also been accused of knowingly poisoning its workers at the Knolls Atomic Power Laboratory in Schenectady, New York with radiation and asbestos. This information is part of the public record and should be known to all–especially the Harvard graduates of the Obama Administration.
The company has been involved in countless scandals, but strangely enough, they don’t seem to affect General Electric’s ability to win government contracts – but then, this is typical of all military contractors. According to a survey by the Center for Public Integrity, from 1990-2002, 30 of the US government’s top contractors were found guilty of fraud in 400 cases, leading to settlements and fines amounting to at least $3.4 billion. General Electric paid $982.9 million for 63 cases in this period.