Multinational Monitor

This magazine tracks and analyzes corporate activity, especially in the Third World and publishes articles on labor issues, such as worker health and safety, union issues, privatization and more.

Articles from July-August

28 Words to Redfine Corporate Duties: The Proposal for a Code for Corporate Citizenship. (Corporate Reform after Enron)
OVER THE PAST 120 YEARS, state and federal governments have enacted volumes of laws and regulations to curb the problem of corporate abuse of the public interest. Examples include legislation to protect the environment, eliminate child labor, create...
A Cartel for Every Product. (Names in the News)
THE EUROPEAN COMMISSION HAS FINED Degussa AG $118 million and Nippon Soda Company Ltd $9 million for participating in a price-fixing cartel in methionine together with Aventis SA. Aventis (formerly Rhone-Poulenc) was granted full immunity from fines...
An Answer to Marketization: Decommodification and the Assertion of Rights to Essential Services. (Corporate Reform after Enron)
JOHANNESBURG -- A post-apartheid upsurge of protest against worsening class and gender inequality in South Africa is beginning to shape a new strategy to limit the corporate drive to marketize essential services. From the townships of Soweto and...
Commons Sense: Community Ownership and the Displacement of Corporate Control. (Corporate Reform after Enron)
SOMETHING CURIOUS IS HAPPENING to the near-religious faith that private property and markets are the only serious tools for improving people's lives. Slowly and unpredictably, like irrepressible plant life pushing its way through crumbling pavement,...
Corporate Codes of Conduct: Regulation, Self-Regulation and the Lessons from the Baby Food Case. (Interview)
An Interview with Judith Richter JUDITH RICHTER is a long-time consumer and public health activist, who has written extensively about corporate power. Her most recent book is Holding Corporations Accountable: Corporate Conduct, International Codes...
Fish and Empire. (the Front)
FOR AGES FISHERFOLK HAVE CAST their nets into the waters of the Atlantic coast, stretching for 2,000 kilometers from Morocco to Guinea-Bissau, one of the world's last remaining great fisheries. Their catches have been abundant, but the increasing presence...
It's Worse Than You Think. (Editorial)
HERE IS ONE OF THE MOST REMARKABLE aspects of the still-unfolding financial scandals swirling around WorldCom, Xerox, Global Crossing, Enron, Arthur Andersen, Tyco and a growing number of other companies: The fraud occurred in the most heavily regulated...
Overturning the Economic Aristocracy: Toward New Models of Corporate Control. (Interview)
An Interview with Marjorie Kelly MARJORIE KELLY IS the co-founder and publisher of Business Ethics, a Minneapolis-based publication on corporate social responsibility. Kelly is the author of The Divine Right of Capital: Dethroning the Corporate...
Ownership and Sustainability: The Case for Shareholder Activism to Promote Corporate Responsibility. (Interview)
An Interview with Robert Monks ROBERT MONKS is the world's highest profile shareholder activist. He founded Lens, an institutional shareholder activist fund, and Institutional Shareholder Services, now the leading provider of proxy voting and corporate...
The Corporate Crime Scorecard
The Corporate Crime Scorecard Corporation Scandal in short Adelphia Com- Under investigations by the SEC and two munication federal grand juries for multibillion dollar, off-balance-sheet loans to its ...
The Corporate Reform Moment. (Corporate Reform after Enron)
EVEN GEORGE BUSH NOW AGREES that it is important to promote "corporate responsibility." The Enron, WorldCom and related corporate scandals have created a unique opportunity to talk and think about corporate power, corporate form and the rules governing...
The Dormant Power of the Purse: The Failure of the Government to Use Its Purchasing Power to Promote Corporate Compliance with the Law. (Corporate Reform after Enron)
THE U.S. GOVERNMENT IS THE WORLD'S LARGEST consumer. It spends more than $200 billion annually on goods and services, for everything from jet fighters to food services. The Federal Acquisition Regulation (FAR) prescribes that these taxpayer dollars...
The Great Hormone Hoax. (the Front)
THE WOMEN'S HEALTH INITIATIVE study on the benefits and risks of hormone replacement therapy (HRT) in July drove a stake into the drug treatment taken by millions of women in the United States. The Women's Health Initiative, a clinical trial to...
The Senate's Nuclear Waste. (Behind the Lines)
ACCEDING TO THE DEMANDS of the aggressive nuclear lobby, the U.S. Senate voted 60-39 in July to authorize the opening of a permanent high-level nuclear waste dump at Yucca Mountain in Nevada. The vote overrode a veto by Nevada, which does not want...
The Sunshine Standards: The Powerful Potential of Corporate Disclosure Requirements. (Corporate Reform after Enron)
LARGE CORPORATE ENTERPRISES are not supported by stockholders alone. They depend on efforts, investments and contributions by all their stakeholders, including workers, consumers and neighboring communities. Effective management and evaluation of...
Two Deaths, $91,000 Fine. (Names in the News)
THE DEATHS OF TWO WORKERS from exposure to high concentrations of hydrogen sulfide gas at a Pennington, Alabama paper mill has resulted in citations against Fort James Operating Company, a Georgia-Pacific subsidiary, by the Occupational Safety and...