Word: naderized
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Dates: during 1980-1989
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...organizers were remarkably heterogeneous: Ralph Nader and his allies among union leaders, politicians and economists, but also Actor Ed Asner and Historian Arthur Schlesinger Jr. The cause: taking a poke at U.S. corporations on April 17, "Big Business Day." The place: demonstrations at 150 cities around the country. The charges: from the predictable (pollution, consumer gouging, union busting, governmental corruption) to the obscure (opposing the Equal Rights Amendment, causing high taxes and spoiling New York City's subway system). The reaction: a fairly large yawn...
Most of Big Business Day was more predictable. Nader denounced U.S. corporations as "legal Frankensteins" that usurp human rights; a local labor leader declared a union war on business. In the National Visitor Center Gallery at Union Station, a "Corporate Hall of Shame" was erected for eleven companies, including Exxon, Citicorp and Du Pont...
...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...
Should companies add more "public" directors, as demanded by powerful leaders, from Ralph Nader to Chairman Harold Williams of the Securities and Exchange Commission? Yes, if these outside directors add a new dimension of thinking, expertness and dedication to the corporation; but no, if they are merely tokens or single-issue obstructionists who would block rather than promote corporate initiatives and company welfare...