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Spin of the Day: June 24, 2002June 24, 2002Canada's Propaganda War for Engineered FoodsTopics: biotechnology | corporations | food safety | front groups
The Canadian government, working closely with the biotech industry, is spending millions getting Canadians to accept genetically modified foods. Lyle Stewart describes the "spider's web of influence" that brings together the biotech and agri-food industries, large grocery distributors, the Hill & Knowlton PR firm, and industry-created front groups such as the Food Biotechnology Communications Network, and co-opted NGOs including the Consumers' Association of Canada.
System Failure: Ethical Meltdown Burns Wall StreetTopics: corporations | crisis management | ethics
"Phony earnings, inflated revenues, conflicted Wall Street analysts, directors asleep at the switch--this isn't just a few bad apples we're talking about here," writes Fortune magazine. "This, my friends, is a systemic breakdown. Nearly every known check on corporate behavior--moral, regulatory, you name it--fell by the wayside, replaced by the stupendous greed that marked the end of the bubble. And that has created a crisis of investor confidence the likes of which hasn't been seen since--well, since the Great Depression." And the crisis hasn't even peaked yet. According to the June 24 Holmes Report, a PR industry newsletter, "A majority of top corporate ethics officers predict at least a half dozen more major business ethics scandals will break during the next 12 months, and some of these executives expect more than 20 such cases."
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