Corporate Corruption: The Abuse of Power

Corporate Corruption: The Abuse of Power

Corporate Corruption: The Abuse of Power

Corporate Corruption: The Abuse of Power

Synopsis

This insightful book is a comprehensive examination of corporate misbehavior and abuses. Turning a harsh spotlight on America's prestigious Fortune 500, Clinard reveals that despite their massive production powers, far too many of American's proudest industrial giants have abused the public trust, the people who consume their products, their stockholders, the environment, and even the Third World that they profess to help. Clinard identifies the auto, oil, pharmaceutical, and defense industries as the major offenders. He devotes a chapter to each of them, as well as chapters on corporate violence and bribery, and a final discussion of how to correct these widespread abuses. While avoiding the undignified zealotry of tabloid muckraking, this volume examines the disparity between the facts of corporate misconduct and the glowing image that advertising and other media portray of these corporations.

Excerpt

Ethics, like cholesterol, has increasingly become a major concern of the American people. This does not mean that the public has not long suspected, and often known, that conduct in high places has failed to conform to the credos of the Boy Scouts. Within recent years, however, there appears to have been a veritable explosion of exposures of ethical decline. Illegal dealings uncovered in security transactions, including widespread insider trading, have involved losses of hundreds of millions of dollars and, in some cases, have implicated the nation's largest brokerage firms. The banking and savings and loan institutions have been rocked with scandals. The sexual escapades and financial shenanigans of several prominent television evangelists have shocked even their own followers. Sordid reports of wrongdoing at the highest levels of our Congress and governmental administration have appeared, reminiscent of the Richard Nixon years that many believed had become history. Almost each day brings to light a new major ethical scandal.

Here we turn the spotlight on the conduct of America's giant industrial corporations, the prestigious Fortune 500, and their executives, to find out how they fare ethically. These corporations represent the industrial heart of our nation, the basic economic force that drives it. Their massive production capacities and their innovative powers have contributed immeasurably to the high standard of living that Americans now enjoy. However, far too many of them have abused the public trust, the people who consume their products, their own workers, their stockholders, the environment, and the Third World, which they often profess to help. They have abused and exploited the democratic process for their own ends, and in so doing have endangered the very democracy that permits . . .

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.