{"id":7863,"date":"2015-05-06T05:41:44","date_gmt":"2015-05-06T10:41:44","guid":{"rendered":"http:\/\/olduvai.ca\/?p=7863"},"modified":"2015-05-06T05:41:44","modified_gmt":"2015-05-06T10:41:44","slug":"no-wrongdoing-here-just-6300-corporate-fines-and-settlements","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=7863","title":{"rendered":"No Wrongdoing Here, Just 6,300 Corporate Fines and Settlements"},"content":{"rendered":"

No Wrongdoing Here, Just 6,300 Corporate Fines and Settlements<\/a><\/b><\/i><\/span><\/h3>\n

Despite the PR about how corporate profits benefit widows and orphans, this vast wealth is concentrated in the top 1% and the top 5%.<\/i><\/span><\/p>\n

I am honored to share a remarkable data base of\u00a0Corporate Fines and Settlements<\/a>from the early 1990s to the present compiled by Jon Morse.<\/b>\u00a0Here is Jon’s description of his project to assemble a comprehensive list of all corporate fines and settlements that can be verified by media reports:<\/p>\n

 <\/p>\n

What struck me was the sheer number of corporate violations of laws and regulations<\/b>–thousands upon thousands, the vast majority of which occurred since corporate profits began their incredible ascent in the early 2000s–and the list of those paying hundreds of millions of dollars in fines and settlements,\u00a0which reads like a who’s who of Corporate America and Top 100 Global Corporations.<\/b>“This spreadsheet is all the corporate fines\/settlements I\u2019ve been able to find sourced articles about, mostly in the period from the 1990\u2019s up to today (with a few 80\u2019s and 70\u2019s). This is by far the most comprehensive list of such things online. At least that I could find, because the lack of any decent list is what made me start compiling this list in the first place.”<\/i><\/p>\n

I encourage you to open one of the three alphabetical tabs at the bottom of\u00a0the spreadsheet on Google Docs<\/a>\u00a0and scroll down to find your favorite super-profitable corporation.<\/p>\n

Many have a long list of fines and settlements, and many of the fines are in excess of $100 million. Many are for blatant cartel price-fixing, not disclosing the dangers of the company’s heavily promoted medications, destroying documents to thwart an investigation of wrong-doing, etc.<\/p>\n

In other words, these were not wrist-slaps for minor oversights of complex regulations<\/b>— these are blatant violations of core laws of the land.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

No Wrongdoing Here, Just 6,300 Corporate Fines and Settlements Despite the PR about how corporate profits benefit widows and orphans, this vast wealth is concentrated in the top 1% and the top 5%. I am honored to share a remarkable data base of\u00a0Corporate Fines and Settlementsfrom the early 1990s to the present compiled by Jon […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[2269,171,3669,3745,5198,5197,2530,5196],"class_list":["post-7863","post","type-post","status-publish","format-standard","hentry","category-economics","tag-cartel","tag-corporations","tag-fines","tag-law","tag-legal-violations","tag-price-fixing","tag-regulations","tag-settlements"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/7863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7863"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/7863\/revisions"}],"predecessor-version":[{"id":7864,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/7863\/revisions\/7864"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}