Wal-Mart, ExxonMobil and Halliburton Inducted into Corporate Hall of Shame
By Kari Livingston, published Jun 27, 2007
Published Content: 333 Total Views: 357,766 Favorited By: 11 CPs
Half of all voters cast ballots for ExxonMobil and Halliburton, while fellow nominee Kimberly-Clark went toe to toe with Wal-Mart for the third slot for the dubious distinction. Just 60 votes separated the thrid and fourth place finishers. Other nominees for induction into the Hall of Shame were Coke, Ford, Merck and Nestle. In addition to voting for the eight candidates, voters were allowed to write in their own candidates. Of the 300 write-in votes, McDonalds, Lockheed Martin and Monsanto were named most often.
Nominees for the Corporate Hall of Shame were bestowed on companies that have a history of political influence and interference, public deception and documented abuses that harm people or the environment.
"The Hall of Shame demonstrates that thousands of people are fed up with irresponsible corporations," said Kelle Louaillier, Executive Director of Corporate Accountability International
With rising gas prices and global warming being major election year issues, ExxonMobil's place at the top of the list was guaranteed by record profits and their repudiation of global warming. ExxonMobil receives billions of dollars each year in tax breaks and royalty relief for oil taken from public lands, but has still managed to avoid paying the stiff $4.5 billion penalty from the 1989 Exxon Valdez oil spill. The oil giant has managed to find $16 million to fund groups to delay action on global warming.
Wal-Mart, ExxonMobil and Halliburton Inducted into Corporate Hall of Shame
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Takeaways
- Wal-Mart has fought PR battles over low pay and poor working conditions.
- ExxonMobile receives billion of dollars in public subsidies, in spite of record profits.
- Halliburton has been accused to providing contamintaed water to troops.
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