Can you Trust big business? January review 2013
Here is a list of of the items I noted in the month of Jan 2013.
Ask yourself how ethical or trustworthy is business today.
(1)The Irish Times – Wednesday, January 2, 2013
Steel plant pollution and bribery scandal engulfs Italians
The basic accusation levelled at the Riva family is that, over a 17-year period, pollution from its Taranto plant has poisoned not only Ilva workers and local people but also the entire eco-system of the surrounding region. The company is also accused of bribing local officials
Guardian.co.uk, Sunday 6 January 2013 14.09 GMT
France shaken by fresh scandal over weight-loss drug linked to deaths
Drug company boss faces manslaughter investigation as victims complain of delays in compensation
Telegraph Mon 7th Jan
Rolls in China bribery allegations
Aerospace engine maker Rolls Royce is facing allegations it bribed a Chinese airline executive to secure deals worth a total of $2bn (£1.24bn), according to reports.
Telegraph 7th jan
Rothschild demands action from Bumi director
Financier Nat Rothschild has told Bumi’s senior independent director Sir Julian Horn-Smith he must take action over the alleged financial misdemeanours at the coal miner or consider quitting the board.
(5) Telegraph 9th Jan
UBS fires eighteen over Libor-rigging scandal
Just eighteen UBS staff were sacked over the Libor-rigging scandal that saw the bank hand over $1.5bn (£940m) to regulators, the second-largest fine ever paid by a bank.
(6) Telegraph 9th of Jan
Foxconn reviews China deals as it probes bribe claims
Apple’s technology provider Foxconn has revealed it could pull acquisitions in China over allegations its managers in the country solicited bribes from local suppliers.
As well as suffering from a string of suicides Foxconn was also exposed last year as employing children as young as 14 on its assembly lines.
Wednesday 09 January 2013 Daily Telegraph
Former HBOS managers charged in £35m fraud investigation
Two former senior managers at HBOS were among eight people charged on Tuesday night in connection with an alleged £35m fraud.
(8) The Telegraph 9th Jan
US Interior Department launches probe into Shell’s Arctic oil drilling
The US Interior Department has launched a “high-level” review of Shell’s mishap-hit 2012 Arctic drilling campaign, throwing the company’s plans to explore for oil in the region further into doubt.
Daily Mail-20 th Jan
Exposed: The regime of fear inside Barclay s – and how the boss lied and shredded the evidence
British executive at £184bn broking arm hid damning report on bullying
Intimidated staff forced to flout rules in pursuit of ‘revenue at all costs’
Huge blow to Barclay’s reputation as new CEO struggles to relaunch bank
(10) The Independent
The Swiss food giant Nestlé was ordered to pay SFr 27,000 (£18,700) compensation after being found liable in a civil case over the secret infiltration of an activist group that had campaigned against it.
A court ruled last week in favour of anti-globalisation group Attac, following revelations that Nestlé had hired the Swiss security company Securitas AG to infiltrate its meetings.
A spokesman for Nestlé noted the judge’s decision “with disappointment” and reiterated “that incitement to infiltration is against Nestlé’s corporate business principles”.
Tomorrow: Can you Trust big business? Walmart And Company Bribing Their Way Through Latin America –
Posted on February 10, 2013, in buisiness, China, Communist, Crime, Government, International affairs and tagged Banks, business corruption, China, corruption, Foxconn, HBOS, Irish Times, Julian Horn-Smith, Nestlé, Political corruption, Securitas AG, UBS. Bookmark the permalink. Leave a comment.