Investor Kicked Out, WellPoint Refuses Further Disclosure of Toxic Political Spending

Investor Kicked Out, WellPoint Refuses Further Disclosure of Toxic Political Spending

May 16, 2012 Aaron Krager No Comments
WellPoint executives hemmed and hawed at questions pertaining to political spending at Wednesday’s annual shareholders’ meeting. Health plan members and union leaders, who represent members with WellPoint health insurance, wanted to ask CEO Angela Braly why the company spends money to influence policy that contradicts their business model. Outside a group of people wearing white jumpsuits labeled “WellPoint cleanup crew” took care of the toxic money coming from the company’s political spending. They were denied entry to the hotel and had to leave the toxic mess upstairs. “WellPoint and its subsidiaries give financial support to the anti-union governors of Indiana, Wisconsin and Ohio, who are trying to nullify the Affordable Care Act and roll back workers’ right to bargain for a better life,” said the organization Health Care for America Now. The Affordable Care Act, also called Obamacare, mandates individuals to purchase health insurance and thus providing millions of more...
BofA Dealt Punches from 99%, Shareholders Tell their Side

BofA Dealt Punches from 99%, Shareholders Tell their Side

May 10, 2012 Aaron Krager 1 Comment
“Bank of America, Bad for America” went the chant of protesters outside of the Charlotte headquarters with a large ball and chain marked with the word “DEBT” sitting it the background. Meanwhile shareholders piled into the annual meeting that serves as a formality of transparency for publicly traded companies . Unlike previous years, executives experienced something more than formality as people armed with shares of the big bank came to the mic demanding answers and accountability for Bank of America’s alleged fraudulent mortgage practices, funding in predatory payday loan stores, investing in dirty coal, and crashing the economy. The laundry list of wrongdoing by the bank cost millions of families their homes and their health. According to a Bloomberg report from the inside a shareholder complained of his stocks loss of value and called the bank a “felon.” CEO Brian Moynihan responded with a loaded defense saying, “We abide by...
Faith Leaders Criticize GE, Global 1% in Direct Action

Faith Leaders Criticize GE, Global 1% in Direct Action

A new front of activism seems to have taken hold in recent weeks. Grassroots organizations that traditionally advocate for legislative goals and hold newsworthy protests in front of tax dodging corporations. Lately, the organizations teamed up to confront the global one percent on their own turf: during the annual shareholder meetings. Faith leaders took the frontline at General Electric and a couple other meetings that I had the opportunity to witness. Pastor Kevin Johnson highlighted Detroit’s hypocrisy when it came to its decision to utilize the police force. “Because millionaires and billionaires come to town, look at the great show of police presence we have today,” said Pastor Kevin Johnson, who was escorted out of the meeting despite being a shareholder. “It’s not fair to the individuals that live in the city of Detroit.” One homeowner told me that the wealthy refuse to hear our cries. All the while they...

Apple’s China Problem is Our Problem

Jan 31, 2012 Aaron Krager 1 Comment

In a letter to Apple employees about the company’s supply chain, CEO Tim Cook opened up by saying:

As a company and as individuals, we are defined by our values. Unfortunately some people are questioning Apple’s values today, and I’d like to address this with you directly. We care about every worker in our worldwide supply chain. Any accident is deeply troubling, and any issue with working conditions is cause for concern. Any suggestion that we don’t care is patently false and offensive to us. As you know better than anyone, accusations like these are contrary to our values. It’s not who we are. For the many hundreds of you who are based at our suppliers’ manufacturing sites around the world, or spend long stretches working there away from your families, I know you are as outraged by this as I am. For the people who aren’t as close to the supply chain, you have a right to know the facts.

Unfortunately, the contract workers at Foxconn do not count as Apple employees and did not receive the email (if they even have access). I doubt the concerns raised in newspapers and blogs would be offensive. I would hope they would find it to be a voice for them as well as a call on big corporations to take into account the horrific working conditions.

If Apple cares about the people in their supply chain then there are things they can do about it. This is not to say consumers, like myself, bear no responsibility. Buyers of the iPhone or other tech products know where these things come from. I know my Apple products are manufactured in China and without doing some research knew they labored under inhumane conditions.

Sadly, consumers lack choices in purchasing fair trade products. The markets has yet to come around to this because they cost a little more and the economy crushed many of our pocketbooks.

Regardless, Apple, other tech companies, as well as other producers, can take steps to curb these human rights abuses. Mike Elgan at Culture of Mac simplified a few of the options:

1. Move manufacturing out of China.
2. Take a hands-off approach to worker welfare.
3. Aggressively chip away at the problems associated with contract manufacturing with a program of iterative improvement, higher standards, constant audits and growing transparency.
4. Initiate an aggressive program of paying component suppliers and contract manufacturers more in exchange for transparency, worker welfare and environmental safeguards.

One and two do not really work in the short-term nor the long-term. The second option would only further the problem currently facing Apple’s image and the world-wide practice we see at Foxconn. The first could be a winner for workers in the United States but the transition process would be costly and take years.

Elgan says Apple is currently doing number three but should also aggressively implement the fourth option. It would act as an incentive program for contracted factories and suppliers to do the right thing. Monetary incentives can work, but only if they come with oversight. Who is to say they will claim the better practices while pocketing the incentives?

So it comes down to oversight. This is where a fifth option exists.

If we made trade fair other countries would need to implement regulations on workers rights, environment, and more. Having these laws on the books provide must follow guidelines for companies. Workers would be guaranteed a certain wage, sustainable work hours, and proper protections against harmful chemicals.

But that is too logical. It takes into account fellow human beings while the bottom line for corporations is to make money for their shareholders. Countering this culture takes time and activism. The 99 percent movement highlights many of these problems and has pushed income inequality into the news cycle. The pressure need to continue on corporations and on elected officials.

But Apple has piled up billions of dollars on the backs of people that threaten to kill themselves over the torturous work.

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  • kcwest

    why just pick on Apple? All cell phones, pads of any kind, computers, clothes from China, etc. etc. are made under the same conditions or worse. ALL OF THEM.

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