Conquer Club

Scandals suggest standards have slipped in corporate America

Boeing faces claims that it sold 737 max planes with dangerous software. It says it is “taking actions to fully ensure the safety of the 737 max”. Criminal charges have been filed against Goldman Sachs in Malaysia for its role in arranging $6.5bn of debt for a state-run fund that engaged in fraud. Goldman says it is co-operating with investigators. A jury in California has just found that Monsanto failed to warn a customer that its weedkiller could, allegedly, cause cancer. Bayer, a German firm which bought Monsanto in June, says it will appeal the verdict.

Wells Fargo, one of America’s biggest banks, has admitted creating 3.5m unauthorised bank accounts. It says it is working to “rebuild trust with our stakeholders”. Facebook is ensnared in scandals; its data practices have come under scrutiny in several countries. The firm says “we need a more active role for governments and regulators”. Some 146m customers of Equifax, a credit-scoring firm, had their personal details stolen in 2017. It is being sued for negligence, according to its annual report. A recent document for its investors says protecting information is “our highest priority”.

Then there is the opioid epidemic, which involves not only Purdue Pharma, the maker of OxyContin, but also, according to a lawsuit by New York’s attorney-general, other firms including McKesson and Johnson & Johnson. Purdue says it is “deeply concerned” about opioid addiction. Last year McKesson also said it is “deeply concerned” by the epidemic and that its board has “enhanced oversight procedures related to opioid distribution”. Johnson & Johnson says it is “committed to ensuring its medicines are used correctly".

ad nauseum

mrswdk wrote:

Scandals suggest standards have slipped in corporate America

Boeing faces claims that it sold 737 max planes with dangerous software. It says it is “taking actions to fully ensure the safety of the 737 max”. Criminal charges have been filed against Goldman Sachs in Malaysia for its role in arranging $6.5bn of debt for a state-run fund that engaged in fraud. Goldman says it is co-operating with investigators. A jury in California has just found that Monsanto failed to warn a customer that its weedkiller could, allegedly, cause cancer. Bayer, a German firm which bought Monsanto in June, says it will appeal the verdict.

Wells Fargo, one of America’s biggest banks, has admitted creating 3.5m unauthorised bank accounts. It says it is working to “rebuild trust with our stakeholders”. Facebook is ensnared in scandals; its data practices have come under scrutiny in several countries. The firm says “we need a more active role for governments and regulators”. Some 146m customers of Equifax, a credit-scoring firm, had their personal details stolen in 2017. It is being sued for negligence, according to its annual report. A recent document for its investors says protecting information is “our highest priority”.

Then there is the opioid epidemic, which involves not only Purdue Pharma, the maker of OxyContin, but also, according to a lawsuit by New York’s attorney-general, other firms including McKesson and Johnson & Johnson. Purdue says it is “deeply concerned” about opioid addiction. Last year McKesson also said it is “deeply concerned” by the epidemic and that its board has “enhanced oversight procedures related to opioid distribution”. Johnson & Johnson says it is “committed to ensuring its medicines are used correctly".

ad nauseum

https://www.economist.com/business/2019 ... te-america

The list goes on. If you want quantity and your child to get arsenic poisoning, buy Made in America. If you want *stolen IP*, buy Huawei.

2dimes wrote:corporations are not as wholesome as they tended to be in the past

armati wrote:Fixed? "If you want *stolen IP*, buy Huawei."
Somebody doesnt know that facebook,google record and store all info about their users.

the americans on the other hand continue to bully, attack and threaten the planet with nuclear war.

jusplay4fun wrote:American actions since World War II have kept the world, as a whole, out of World War III. It is called Pax Americana. This has allowed most of the world to THRIVE and increase the standard of living for most citizens of the world, except where despots and madmen rule or where anarchy or war prevails.

"Global poverty has fallen to a record low. The World Bank says 10 percent of the world's population lived on less than $1.90 a day in 2015, down from 11.2 percent in 2013. That means 735.9 million people lived below the poverty threshold in 2015, down from 804.2 million."

the americans on the other hand continue to bully, attack and threaten the planet with nuclear war.

mookiemcgee wrote:

jusplay4fun wrote:American actions since World War II have kept the world, as a whole, out of World War III. It is called Pax Americana. This has allowed most of the world to THRIVE and increase the standard of living for most citizens of the world, except where despots and madmen rule or where anarchy or war prevails.

"Global poverty has fallen to a record low. The World Bank says 10 percent of the world's population lived on less than $1.90 a day in 2015, down from 11.2 percent in 2013. That means 735.9 million people lived below the poverty threshold in 2015, down from 804.2 million."

the americans on the other hand continue to bully, attack and threaten the planet with nuclear war.

Good luck trying to get the "world is actually better off now" argument across to armani. His only arguments consist of "Gold, Zionists, Russia is great country, and America Bad", he's quite the broken record here on CC. Oh that and he can't figure out how to link correctly to youtube, so be prepared for some broken links to Antisemitic websites Jusplay

armati wrote:Pax Americana? What a pile of horsesh#t.

A 'relative peace' for the truly brainwashed to believe in I suppose.

Guatemala 1951
Cuba 1961 was real special, nearly killed us all.
Brazil 1964
Chile 1973
Argentina 1976
Grenada 1979
Nicaragua 1985 sold missiles to big bad evil Iran to pay for the Contras.
Panama 1990

Today Venezuela

Pax Americana? peace? maybe think for yourself?

Peace to these people is simply eliminate anyone they dont control
allowing the total rape of nations and fuk their environment.

As for the world raised from poverty, yupper, the american companies moved to China,India,Pakistan and anywhere else they could lower wages, not giving a sh$t about the jobs lost or living standards in N America, it was done to increase share prices, bonuses,profits and dividends, far from the goodness of their hearts or any intention of lifting people from poverty.
(if you didnt own shares in these companies you benefited diddly)

China took full advantage of american corporate greed and now becomes the largest most influential economy on the planet.
Kudos to them.

Pax Americana

armati wrote:Pax Americana? What a pile of horsesh#t.

A 'relative peace' for the truly brainwashed to believe in I suppose.

Guatemala 1951
Cuba 1961 was real special, nearly killed us all.
Brazil 1964
Chile 1973
Argentina 1976
Grenada 1979
Nicaragua 1985 sold missiles to big bad evil Iran to pay for the Contras.
Panama 1990

Today Venezuela

Pax Americana? peace? maybe think for yourself?

Peace to these people is simply eliminate anyone they dont control
allowing the total rape of nations and fuk their environment.

As for the world raised from poverty, yupper, the american companies moved to China,India,Pakistan and anywhere else they could lower wages, not giving a sh$t about the jobs lost or living standards in N America, it was done to increase share prices, bonuses,profits and dividends, far from the goodness of their hearts or any intention of lifting people from poverty.
(if you didnt own shares in these companies you benefited diddly)

China took full advantage of american corporate greed and now becomes the largest most influential economy on the planet.
Kudos to them.

Pax Americana

mrswdk wrote:No majors wars, leaving aside the 11-12 million deaths America caused by intervening in Korea, Vietnam, Afghanistan, Iraq, Libya and Syria, plus the various proxy wars it fought in Africa and South America during the Cold War. You're right though that there were no major wars in Europe, so it's all good.

mrswdk wrote:What system and what stability are you talking about? Even during WWII the global society and economy didn't collapse. Economies in the Americas and Africa grew pretty rapidly between 1939 and 1945, for example, as did Australia's.

mrswdk wrote:IOW 'yes the Americas, Africa and Australia grew, but Europe had a tough time therefore this was a global calamity'