Category: Corporate Greed

It is greed that has led Australian banks to steal from dead people | Richard Denniss | Opinion | The Guardian

Greed is good. Or so said Michael Douglas’ character Gordon Gekko in the 1980s hit film Wall Street. Gekko went further, stating “Greed, in all of its forms; greed for life, for money, for love, knowledge has marked the upward surge of mankind”.’

But greed also leads Australian banks to steal from dead people.

via It is greed that has led Australian banks to steal from dead people | Richard Denniss | Opinion | The Guardian

Research Exposes $16 Billion Bottled Water Industry’s Predatory Marketing Practices

Fake News this is Fake

The industry spends billions of dollars per year convincing Americans that bottled water is safer than tap—even though more than two-thirds of the product comes from municipal water sources

via Research Exposes $16 Billion Bottled Water Industry’s Predatory Marketing Practices

Property sellers pay mortgage brokers, financial planners and accountants for client referrals – Business – ABC News (Australian Broadcasting Corporation)

Apartments recently built and under construction in Sydney

via Property sellers pay mortgage brokers, financial planners and accountants for client referrals – Business – ABC News (Australian Broadcasting Corporation)

Puerto Rico Electric Power Authority Cancels Whitefish Energy Deal | HuffPost

There were other concerning details in the contract, like the high rates Whitefish was charging for labor. The company was paying $240 an hour for a general foreman and $227 for a lineman. For some context, the U.S. Bureau of Labor Statistics says first-line supervisors of construction sites make about $43 an hour and construction laborers make about $23 an hour.

Source: Puerto Rico Electric Power Authority Cancels Whitefish Energy Deal | HuffPost

Aveo: How elderly Australians are being ripped off in retirement villages

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Source: Aveo: How elderly Australians are being ripped off in retirement villages

Source: Aveo: The retirement villages that swallow vulnerable people’s money

Source: Bleed them dry until they die: the Aveo residents who suffer cruelty and neglect

The East India Company: The original corporate raiders | William Dalrymple | World news | The Guardian

The long read: For a century, the East India Company conquered, subjugated and plundered vast tracts of south Asia. The lessons of its brutal reign have never been more relevant

Source: The East India Company: The original corporate raiders | William Dalrymple | World news | The Guardian

EpiPen CEO hiked prices on two dozen products and got a 671% pay raise | Business | The Guardian

Heather Bresch, Mylan executive who came under public scrutiny this week for raising EpiPen prices, reportedly raised prices more than 20% on 24 products

Source: EpiPen CEO hiked prices on two dozen products and got a 671% pay raise | Business | The Guardian