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At the UN meeting, the leaders of corporations well known for running sweatshops, engendering environmental disaster and colluding in human rights violations sat at the table with Mr. Annan. They agreed to adhere to and publicly promote the Global Compact's nine core principles of universally accepted labor, environmental and human rights values.
Monsanto, the largest seed corporation in the world, has long dealt out severe legal sanctions against farmers it suspects of "pirating" its seed. Now farmers in Brazil have turned the tables on the company which may have to pay out $7.5 billion.
Nestlé, the world's largest food company, has been found guilty of spying on Swiss activists in 2003 with the help of Securitas, a private security company. Jean-Luc Genillard, president of the Lausanne civil court, told the two companies to pay $3,267.55 to each of nine victims.
The stormy battle over globalization that brought protests to the streets of Seattle and Washington moves this week to the heart of the world's only truly global organization, the United Nations.
As the World Social Forum opens in Mumbai, India, the spotlight has been turned on Coca-Cola and Pepsi, whose products have been found to be laden with pesticides and insecticides.