THIS IS A PAGE ABOUT LABOR & HUMAN RIGHTS
Some western companies have begun to recognize it might be in their interest to operate under enforceable standards that apply to all their competitors, rather than under voluntary ones that, for all practical purposes, apply only to prominent companies.
Mordechai Orian, president of Global Horizons, a Los Angeles-based labor recruiter, was indicted by the U.S. Department of Justice for "engaging in a conspiracy to commit forced labor and document servitude" of some 400 Thai citizens who were brought to work on farms in the U.S.
Despite Ikea's current claims, low prices always incur a high social cost. Between 1994 and 1997 three documentaries screened by German and Swedish television accused the firm of using child labor under degrading conditions in Pakistan, India, Vietnam and the Philippines
Wal-Mart Stores Inc. (WMT.N) could significantly increase employee wages and benefits without raising prices, and still earn a healthy -- albeit smaller -- profit, research released on Thursday concluded.
Workers from Bangladesh said they paid $1,000 to $3,000 to work in Jordan, but when they arrived, their passports were confiscated, restricting their ability to leave and tying them to jobs that often pay far less than promised and far less than the country's minimum wage.
UBS AG, the Swiss bank battered by massive write-downs and its role in a U.S. tax-evasion scheme, announced the surprise departure of chief executive Marcel Rohner. Mr. Rohner's sudden departure comes after UBS agreed earlier this month to a $780 million settlement with the U.S. Justice Department of a criminal inquiry into the bank's role in the tax evasion.
Nicaraguan banana workers have been struggling for compensation from Dole Fruit, Shell, and Dow Chemical for exposure to the pesticide DBCP. The obstacles to justice are many, including the US courts, powerful lobbies, and free trade agreements.
Former UnitedHealth Group Inc. Chief Executive William McGuire agreed to pay $30 million and forfeit 3.7 million stock options to settle shareholder claims related to options backdating, adding to what was already one of the largest executive-pay givebacks in history.
It has been a wrenching professional and personal reversal for Michael Kopper, who three years ago became the first Enron executive to plead guilty to criminal charges and cut a deal with the government. Mr. Kopper was also the first high-ranking Enron employee to publicly admit to lying and stealing - in his case, more than $16 million - from the company.