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green industry > factfile > corporate horror awards

Corporate horror awards

Posted: 24 Jan 2006

Multinational Monitor�s annual nomination of the Ten Multinational Monitor�s annual nomination of the Ten Worst Corpoartions for 2004 is as follows in alphabetical order:

Abbot Laboratories for raising by 400 per cent the US price of its anti-AIDS drug Norvir (generic name ritanovir), in spite of the fact that the drug was invented with grant funding from the US federal government.

AIG the world�s largest insurer, for violating federal securities laws and engaging in fraudulent transactions, while evading criminal charges through a non-prosecution agreement.

Coca-Cola for complicity in violence against unionized employees in Columbia and its refusal to take responsibility for human rights issues.

Dow Chemical for its continuing refusal to be held accountable for the ongoing health and environmental effects of the 1984 Bhopal disaster. Dow owns Union Carbide, the former parent company of the Bhopal plant, which has been charged with manslaughter by the Indian courts for deaths at Bhopal.

GlaxoSmithKline for suppressing evidence that the antidepressant drug Paxil, a selective serotonin reuptake inhibitor (SSRIs), has harmful long term side effects for children.

Hardee�s for promoting health-damaging food in the form of its Monster Thickburger, a 1,420-calorie sandwich.

Merck for failing to communicate and act upon the unacceptable cardiovascular side-effects of its arthritis drug, Vioxx.

McWane a sewer and water pipe manufacturer from Alabama, for workplace health and safety negligence and persistent environmental violations.

Riggs Bank for money laundering violations involving the government of Equatorial Guinea and deposed Chilean dictator, Augusto Pinochet.

Wal-Mart the largest US employer, for alleged employment discrimination against women workers.

Source: Multinational Monitor

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