Word: nader
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...Nader...
...that Ralph Nader...
...Nader called last week's activities merely the beginning of a long drive to get Congress to pass the Corporate Democracy Act. Aimed at the U.S.'s 800 largest firms, the proposed bill would require a majority of independent directors on corporate boards, extensive public disclosure by companies of pollutant emissions and on-the-job injuries, and a two-year notice for plant closings...
...Shapiro called Big Business Day "an ideological Woodstock." Mobil Vice President Herb Schmertz said it was "demonstration by press release." The U.S. Chamber of Commerce covered the front of its Washington office with gigantic American flags and probusiness signs. "This is obviously a self-serving day by Ralph Nader and some labor leaders," said President Richard Lesher. The conservative Heritage Foundation declared April 17 "Growth...
Name-calling aside, businessmen consider the Nader-backed bill dangerous and unworkable. The two-year notification on plant closings, for example, is unfeasible because any talented employees and much business would be lost between announcement and shutdown. Alexander Trowbridge, president of the National Association of Manufacturers, calls the bill "a mixed bag of well-intentioned motives, faulty law and a flawed understanding of how our economic system actually works." Tibor R. Machan, professor of Marxist economics and business ethics at the University of California in Santa Barbara, charged: "This proposed piece of legislation is the abandonment of due process when...