Corporations

Who Really Benefits from Voluntary Corporate Codes of Conduct?

PinnochioA recent investigation by BBC Television showed British American Tobacco (BAT) violating its own voluntary marketing and advertising codes in Malawi, Mauritius and Nigeria. Contrary to BAT's public pronouncements that it doesn't want children to smoke, the company was caught using marketing tactics in these countries that are known to appeal to young people, like advertising and selling single cigarettes, and sponsoring non-age-restricted, product branded musical entertainment.

As trading has become more global and corporations have become more multinational, countries started discovering that they have little recourse to rein in the harmful behavior of corporations. As public clamor to regulate multinationals has grown, companies have increasingly responded by adopting "voluntary codes of conduct." But what are the real purposes for these codes? Are they just window dressing, or worse?

Meet the Nuclear Power Lobby

The following article appeared in the June 2008 issue of The Progressive magazine.

nuclear power plantThe nuclear power industry is seeing its fortunes rise. "Seventeen entities developing license applications for up to thirty-one new [nuclear] reactors did not just happen," boasted Frank "Skip" Bowman. "It has been carefully planned."

Bowman heads the Nuclear Energy Institute (NEI), the main lobbying group for the industry. His remarks (PDF), at a February gathering of more than 100 Wall Street analysts, were part of a presentation on "reasoned expectations for new nuclear plant construction."

Bowman knew it was important to impress his audience of wary potential investors. "We are where we are today because this industry started many years ago on a systematic program to identify what went wrong the last time," he said, "and develop ways to eliminate or manage those risks."

Nevada Wary of Nuclear Industry Executives Bearing Gifts

Aerial view of Yucca Mountain"The State of Nevada faces almost a billion dollar budget shortfall," reports Edward Lawrence. "The Nuclear Energy Institute says there is a solution ... but it comes with one very large string attached" -- that the state end opposition to the proposed nuclear waste repository at Yucca Mountain.

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PR Firms Holding Their Own, for Now

U.S. PR firms seem to be doing well despite uncertain economic times, at least for now. The annual Best Practices Benchmarking Survey by StevensGouldPincus showed that while the industry didn't match its 22% growth of 2006, in 2007 they still managed a 19.7% average profit.The survey found "a remarkable average of $221,388 per professional in annual billings and a huge jump in average monthly fee minimums to $14,000 from $10,000 one year earlier.

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The Hidden War: Big Tobacco and the GOP Team up Against Southern Democrats

When the major American tobacco companies signed the 1998 Master Settlement Agreement with the 46 states who sued to recover the costs of treating sick smokers, the companies agreed to nominal advertising restrictions and massive yearly payouts to the states.

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Nestle and Namco Thirst for Absolution and Market Share

To promote its bottled water for children, Nestle has "signed on as a strategic partner" for the launch of "Active Life: Outdoor Challenge," a Namco video game for the Nintendo Wii that will be released in September.

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Rejuvenating Public Sector Science

How politicians view scienceDo federal scientists fear for their jobs for speaking the truth? What about corporate-funded science? Increasingly, powerful institutions have tried to curb scientific independence and integrity regarding issues as wide-ranging as public health, the environment, the economy, and government energy policy.

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The Secret of Marlboro's Success: Freebase Nicotine

Cigarettes tied together with stringMost American cigarette makers, including Philip Morris (PM), have used ammonia in their manufacturing processes for decades, to "puff up" tobacco to increase its volume, highlight certain flavors, help hold together reconstituted tobacco sheet and reduce the amount of

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