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10 Worst Corporations

Top 10 List of World’s Worst Corporation in 2010 according to their impact on the environment and people

1. World Govt., Inc. (It encompasses the U.S. Administration, Israel, Japan, Germany, France, UK, Australia, New Zealand and all other OECD countries, as well as the puppet regimes in Saudi Arabia, Jordan, Egypt … Dishonorable Mention: China)

2. Tokyo Electric Power Company (TEPCO), BP Plc.

3. The Internet Mafia, Inc. Headed by Google [including all other Internet porn, online gambling, advertising and corporate news media]

4.  Goldman Sachs and all other major investment firms and banks.

5. Haliburton, Transocean and other companies involved in the Gulf of Mexico Oil Disaster/All other multinational oil companies.

6. Arms Manufacturers, Monsanto.

7. Toyota Motor Company, GM and all other multinational car manufacturers. There are an estimated 1 billion cars, light trucks and other types of road vehicles polluting the world. Between them, Toyota and GM put an additional 16.81 million cars on the global traffic maze in the past 12 months [to Dec 2010]. It’s NO consolation that most of their cars will turn up to be defective, as recent history suggests.  [Lead by Toyota and others, major Japanese corporations seem to be “down-sizing” their quality control for established brand names to boost their profit margins.]

8. The Airlines.

9. Companies mentioned in The Suckers List of ‘Ethical Companies’ as well as Dell (the company from Hell), and Apple.

10. ALL other multinationals that have not been mentioned above.

Dishonorable Mention:

Category: Destroying Small Businesses in the U.S. and elsewhere. [sent by a contributor in Japan]

I. Amazon, DHL Freight and Yamato Express (a Japan-based freight company also operating from California).

Category: World’s most hygienically challenged chain of fast-food joints [sent by a contributor in Japan]

II. Sukiya. A ‘fat-food’ chain operating in Japan, with branches in China [unsurprisingly] and Brazil, Sukiya is the least hygienically-aware chain of fast food joints in the world. To send comments/compliments to the owners go to company website at Zensho, Co., Ltd.

Readers’ entries are invited…

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13 Responses to “10 Worst Corporations”

  1. Nick W. said

    Who’s screwing the U.S. taxpayers?

    • Over five years, the 288 companies in our survey reported total pretax U.S. profits of more than $2.3 trillion.

    • Twenty-six of the Fortune 500 firms paid no federal income tax over 5 years, from 2008 to 2012.

    • As a group, 288 corporations paid an effective federal income tax rate of just 19.4 percent over the five-year period — far less than the statutory 35 percent tax rate.

    • Twenty-six of the corporations, including Boeing, General Electric, and Verizon, paid no federal income tax at all over the five year period.

    • A third of the corporations (93) paid an effective tax rate of less than ten percent over that period.

    • Of those corporations in our sample with significant offshore profits, two thirds paid higher corporate tax rates to foreign governments where they operate than they paid in the U.S. on their U.S. profits.

    One hundred and eleven of the 288 companies (39 percent of them) paid zero or less in federal income taxes in at least one year from 2008 to 2012.

    • The sectors with the lowest effective corporate tax rates over the five-year period were utilities (2.9 percent), industrial machinery (4.3 percent), telecommunications (9.8 percent), oil, gas and pipelines (14.4 percent), transportation (16.4 percent), aerospace and defense (16.7 percent) and financial (18.8 percent).

    • The tax breaks claimed by these companies are highly concentrated in the hands of a few very large corporations. Just 25 companies claimed $174 billion in tax breaks over the five years between 2008 and 2012. That’s almost half the $364 billion in tax subsidies claimed by all of the 288 companies in our sample.

    • Five companies — Wells Fargo, AT&T, IBM, General Electric, and Verizon — enjoyed over $77 billion in tax breaks during this five-year period.

    • Tax subsidies for the 288 companies over the five years totaled a staggering $364 billion, including $56 billion in 2008, $70 billion in 2009, $80 billion in 2010, $87 billion in 2011, and $70 billion in 2012. These amounts are the difference between what the companies would have paid if their tax bills equaled 35 percent of their profits and what they actually paid.

    • Almost half of the total tax-subsidy dollars over the five years — $173.7 billion — went to just 25 companies, each with more than $3.7 billion in tax subsidies.

    • Wells Fargo topped the list of corporate tax-subsidy recipients, with nearly $21.6 billion in tax subsidies over the five years.

    • Other top tax subsidy recipients included AT&T ($19.2 billion), IBM ($13.2 billion), General Electric ($12.7 billion), Verizon ($11.1 billion), Exxon Mobil ($8.7 billion), and Boeing ($7.4 billion)

  2. revpinkney said

    Whirlpool Corporation is the worst company in the whole United States. Whirlpool Corporation is destroying the city of Benton Harbor, Michigan.
    Whirlpool have destroyed cities all across the country. Putting chemicals in the rivers, which include the drinking water. Every place Whirlpool has a plant, cancer is close by…….We must stop Whirlpool. We must shut it down………. Whirlpool pay no taxes in this country……..

  3. Clive said

    Japan is a greedy country. Virtually every retailer here is involved in some kind of price-fixing conspiracy. [The biggest conspirators are the government, of course.]
    I’ve been living in Japan for nearly three years and buy most everything on line from the U.S.
    Even with the shipping cost and extortionate import duties added, I usually pay 20 – 30 percent less than if I bought the same item in Japan. Goods manufactured in Japan and sold in the U.S. have even higher saving margins.

  4. Dave in Tokyo said

    Japan caught cheating–again?
    (Reuters) – Nine companies based in Japan and two executives have agreed to plead guilty and to pay almost $745 million in fines for their roles in long-running conspiracies to fix the prices of auto parts sold to U.S. car manufacturers, the Department of Justice said on Thursday.

    (Reuters) – Nine companies based in Japan and two executives have agreed to plead guilty and to pay almost $745 million in fines for their roles in long-running conspiracies to fix the prices of auto parts sold to U.S. car manufacturers, the Department of Justice said on Thursday.

    The settlements are the latest in an ongoing probe into price fixing of a broad range of car parts that has now ensnared 20 companies and 21 executives. The companies have agreed to pay $1.6 billion in fines overall.

    The department said Thursday that price-fixed automobile parts were sold to Fiat SpA affiliate Chrysler Group LLC, Ford Motor Co and General Motors Co, as well as to the U.S. subsidiaries of Honda Motor Co Ltd, Mazda Motor Corp, Mitsubishi Motors Corp, Nissan Motor Co Ltd, Toyota Motor Corp and Fuji Heavy Industries Ltd’s Subaru.

    In some cases the activity, which involved separate conspiracies to fix prices of more than 30 different products, lasted for a decade or longer, said Scott Hammond of the department’s antitrust division’s criminal enforcement program.

    “Every time we discover a conspiracy involving the automotive industry, we seem to find another one,” said Hammond.

    Antitrust enforcers around the world were involved in the probe, and Hammond credited Japan’s competition agency with first turning up some of the wrongdoing that was part of Thursday’s settlement.

    Among the parts affected by the conspiracies were seat belts, radiators, windshield wipers, air-conditioning systems, power window motors and power steering components.

    Justice Department officials declined to estimate how much the collusion inflated the price of the parts, sold to automakers for an estimated $5 billion. “More than 25 million cars purchased by American consumers were affected by the illegal conduct,” said Attorney General Eric Holder.

    Each of the companies and executives in the plea deal announced on Thursday has agreed to cooperate with the department’s ongoing antitrust investigation, the Justice Department said.

    “We will continue to check under every hood and kick every tire to make sure we put an end to this illegal and destructive conduct,” Holder said.

    Holder said that parts company executives typically met face to face or talked via telephone to reach collusive agreements. “In order to keep their illegal conduct secret, they used code names and met in remote locations,” he added.

    The agreed-upon fines and sentences announced on Thursday included:

    -Hitachi Automotive Systems Ltd to pay a $195 million criminal fine;

    -Jtekt Corp to pay a $103.27 million criminal fine;

    -Mitsuba Corp to pay a $135 million criminal fine;

    -Mitsubishi Electric Corp (MELCO) to pay a $190 million criminal fine;

    -Mitsubishi Heavy Industries Ltd to pay a $14.5 million criminal fine;

    -NSK Ltd to pay a $68.2 million criminal fine;

    -T.RAD Co Ltd to pay a $13.75 million criminal fine;

    -Valeo Japan Co Ltd to pay a $13.6 million criminal fine;

    -Yamashita Rubber Ltd to pay an $11 million criminal fine;

    -Tetsuya Kunida, a Japanese citizen and former executive of a U.S. subsidiary of a Japan-based automotive anti-vibration rubber products supplier, to serve 12 months and one day in a U.S. prison, and to pay a $20,000 criminal fine; and

    -Gary Walker, a U.S. citizen and former executive of a U.S. subsidiary of a Japan-based automotive products supplier, to serve 14 months in a U.S. prison, and to pay a $20,000 criminal fine.

    There was no immediate comment from eight of the companies.

    Mitsubishi Electric, however, noted that it had cooperated fully with the Justice Department. “We accept the terms of the plea agreement and are now focused on moving forward,” said spokeswoman Cayce Blandard in an emailed statement.

    Hammond said car makers had been concerned about the price fixing. “We’re talking about an industry with very tight margins. And when you have in a car fixed prices on automotive parts that result in higher manufacturing costs, you don’t have any problems getting the attention of the victims,” he said.

    GM was one of several car makers that said it was watching the probe closely.

    “We are greatly concerned by the large number of suppliers in the automotive supplier sector who have pled guilty to serious criminal price fixing charges,” said GM spokesman Tom Henderson. “This evidences a culture of anti-competitive activity among a cross section of suppliers in the automotive sector … This is unacceptable.”

    Among the companies that the Justice Department’s Antitrust Division settled with previously were Autoliv Inc, Tokai Rika Co Ltd, TRW Deutschland Holding GmbH, Nippon Seiki Co Ltd, Furukawa Electric Co Ltd and Fujikura Ltd.

    (Reporting by Diane Bartz and David Ingram, additional reporting by Bernie Woodall in Detroit; Editing by Ros Krasny and Steve Orlofsky)

  5. Gsr said

    • feww said

      People are buried up to their eyeballs in disinformation and pseudoscience. We know for a fact what you are saying is UNTRUE.

      If there was a significant relation between Earth’s reflectivity (planetary albedo) and the cosmic ray flux, any warming that would occur as a result of decreasing reflectivity would necessarily require a corresponding drop in the flux.

      Although the cosmic ray flux oscillates during the 11-year solar cycle, there hasn’t been any net change in the flux over the past 60 or so years.

  6. science-guy said

    What is it with the incompetent Japanese scientific community?
    Japanese Satellite Declared Dead in Orbit!!!

  7. Alex said

    Japan has some serious issues!

    • feww said

      Japan’s biggest problem is that of living way beyond her means [look up her energy and food dependency figures on the Net–the figures closer to 94 percent for energy and 63 percent for food dependency are about right.] In an “ever-shrinking” world, she would pay a high price for her potentially deadly “dependency habits.”

  8. Bill M. said

    Japan’s Akatsuki probe, hit by TOYOTA SYNDROME, fails to enter Venus orbit

    Incompetence by Japanese scientists caused their module to fail its mission.

    Their previous interplanetary probe, which was launched in 1998 to orbit Mars, was also a complete failure.

    • feww said

      It must have set back the Japanese taxpayers a cool 100-200 billion yen!

      Such willful and wanton waste of public funds is criminal, especially in a country where many newly-delivered mothers are forced to flee the antenatal clinics in the middle of the night because they can’t afford to pay the bills…

  9. Zzozze said

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