Corruption

Fannie Mae

apocalypticbeef — Fri, 11 Jul 2008 18:58:30 -0400

Company Snapshot:

The Federal National Mortgage Association (AKA Fannie Mae) is a public company operating under federal charter and is the US's primary source for mortgage funding, financing one of every five home loans. Fannie Mae buys mortgages from lenders and resells them, transferring risk from lenders and allowing them to offer mortgages to those who may not otherwise qualify. The company was hit hard by the subprime mortgage crisis of 2007 and had to be rescued by the Federal Reserve.

Burger King

liamk — Thu, 15 May 2008 12:07:29 -0400

Review:

Burger King had hired Diplomatic Tactical Services to spy on the groups. After the story was picked up by Florida newspapers, the New York Times, and The Nation, Burger King released a statement saying it had fired vice president Steven Grover and spokesman Keva Silversmith for comments they had made about the activists online. They also claimed to have stopped using DTS because of violations to the Burger King Code of Conduct.

Atlas Group

minhaaj — Mon, 05 May 2008 05:55:05 -0400

Company Snapshot:

The Atlas Group established Atlas Investment Bank in 1990 as a joint venture between Atlas Group and the Bank of Tokyo-Mitsubishi, Japan. With an associated company, Atlas Lease Limited formed in 1989 as a joint venture between the Atlas Group, the Bank of Tokyo-Mitsubishi, Japan and the National Investment Trust, Pakistan was merged into the Bank in February, 2002. After the merger, the shares of the joint venture partners were taken over by the Group. The head office of the Bank is situated in Karachi with branch offices in Lahore, Islamabad and Faisalabad.

Alstom Corporation

minhaaj — Sat, 12 Apr 2008 16:37:21 -0400

Company Snapshot:

The company is the world leader in integrated power plant, in power production services and air quality control systems. Alstom works with all energy forms (coal, gas, nuclear, fuel-oil, hydropower, wind). Alstom will provide the conventional island for the future EPR nuclear power plant in France. The Group is also developing CO2 capture processes that could lead to commercial scale in the medium term.

Barrick Gold

sakura — Tue, 18 Mar 2008 20:34:53 -0400

Company Snapshot:

Barrick Gold Corporation is the largest pure gold mining company in the world, with its headquarters in Toronto, Ontario, Canada; and four regional business units (RBU's) located in Australia, Africa, North America and South America. Barrick is currently undertaking mining and exploration projects in Papua New Guinea, the United States, Canada, Australia, Peru, Chile, Russia, South Africa, Argentina and Tanzania. On January 20, 2006, Barrick acquired a majority share of Placer Dome.

BAE Systems

crocodyl — Wed, 23 Jan 2008 14:54:59 -0500

Company Snapshot:

Formerly known as British Aerospace, BAE Systems has grown into one of the world’s largest aviation and weapons companies, with major operations not only in the United Kingdom but also in Australia, South Africa, Sweden, Saudi Arabia and the United States, where it is now one of the Pentagon’s largest contractors. BAE is one of the top producers of armored combat vehicles such as the Bradley Fighting Vehicle (widely used by the U.S. military in Iraq), but the company also produces fighter planes, missiles, nuclear submarines, military electronics and other tools of war.

Lockheed Martin

Pratap Chatterjee — Tue, 22 Jan 2008 18:41:40 -0500

Company Snapshot:

Lockheed Martin’s slogan is “we never forget who we’re working for.” That’s not difficult, given that the company receives some 84 percent of its revenue from the U.S. government, mostly the Pentagon. It is the largest federal contractor and the largest weapons producer in the world. It trails Boeing, United Technologies and EADS in total revenues, but those companies, unlike Lockheed Martin, have substantial revenue from civilian products. Most of the 16 percent of Lockheed’s revenues that doesn’t come from Uncle Sam comes from foreign governments.

Prudential Financial

Bodhi Harnish — Fri, 21 Dec 2007 00:17:27 -0500

Company Snapshot:

Prudential Financial, Inc. is a financial services company. As of February, 2008, the Company had approximately $784 billion of assets under management. Through its subsidiaries and affiliates, the Company offers an array of financial products and services, including life insurance, mutual funds, annuities, pension and retirement-related services and administration, asset management, banking and trust services, real estate brokerage and relocation services, and, through a joint venture, retail securities brokerage services.

EADS

Ian Elwood — Thu, 20 Dec 2007 15:30:23 -0500

Company Snapshot:

Until recently, the European Aerospace, Defense and Space Company (EADS) was known mainly as the parent of the multinational aircraft company Airbus. When the U.S. Air Force announced in February 2008 that it would give a massive contract for new refueling tanker planes to a joint venture of Northrop Grumman and EADS, the European connection helped spark an uproar over the award, which many thought should have gone to the incumbent supplier, Boeing, which has made perennial complaints about the subsidies given to EADS and Airbus by European governments.

Statoil Hydro

Bodhi Harnish — Thu, 20 Dec 2007 13:19:49 -0500

Company Snapshot:

StatoilHydro is the leading integrated energy company of Norway and the largest off shore oil and gas corporation in the world. It has operations in nearly 40 countries worldwide and was the result of a recent merger between Statoil and the oil and gas division of Norsk Hydro. StatoilHydro has been cited on a number of cases regarding environmental issues and corruption.