Word: conglomeratesã
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...mind when you hear the word “Hollywood”? Whether the first image is a struggling actor with three day jobs or Lindsay Lohan with three DUIs, Harvard probably doesn’t enter the picture. Although Harvard grads run four of the five biggest media conglomerates??Sony (Michael M. Lynton ’82), Viacom (Sumner M. Redstone ’44), Warner Brothers (Harvard Business School graduate Alan F. Horn), and NBC Universal (Jeff A. Zucker ’86)—the movie capital of the West Coast and the academic...
...complains of the “big conglomerates?? that have taken over the Square in recent years. But nevertheless these chains have established themselves as well-known businesses in the area...
Though I like to point fingers at large Western corporations whenever possible, the recent plight of 25 million starving coffee farmers is not the conglomerates?? fault. The crisis is the result of the end of the International Coffee Agreements, which allotted each country a maximum quota of coffee production. When these rules went by the wayside in a 1989 gale of post-Communist love, world coffee production went haywire. Brazil and Vietnam began producing madly, flooding the market with excess coffee. Prices worldwide plummeted, creating the current scenario, where coffee farmers are paid significantly less than the cost...
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