Word: profiteered
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...financial results of 7,500 publicly traded companies and shared his findings exclusively with TIME. Root analyzed firms from Australia, France, Germany, Italy, Japan, the U.K. and the U.S. that had revenue of more than $500 million. First, he weeded out those that didn't grow total revenue and profit at least 8% annually (slightly above an average combined rate of inflation and economic growth). Then he eliminated firms that didn't report the same 8% growth in foreign revenue and operating profit (which includes exports sold through foreign entities). Conclusion: only about 1 company in 6 grew its foreign...
...profit is not the only motivating factor behind the movies that get played at Loews...
...companies best known for their unfair labor practices, including Nike, Reebok and Liz Claiborne, Harvard helped form the Fair Labor Association (FLA), a group that ostensibly monitors the working conditions in factories. Yet this corporate-dominated organization does nothing to ensure fair labor practices. It relies heavily on for-profit monitoring and has no requirement for the inclusion of workers or worker-allied organizations in the monitoring process. Most importantly, its governing board is dominated by the companies who have it in their best interest to continue to use sweatshop labor. Indeed, the 175 member colleges and universities share...
...other hand, the Workers Rights Consortium (WRC) is a non-profit group that actually monitors factories to ensure fair pay and decent working conditions. Investigations are done by trained representatives from human rights organizations, and all results are fully disclosed. It is also the only monitoring organization endorsed by local unions and worker advocacy groups, those who actually have workers’ interests at heart. Already the WRC has made significant gains, for example at the Kukdong factory in Puebla, Mexico; the WRC there gained recognition from Nike for an independent worker-organized union, the first of its kind...
...Eleanor G. Brennan ’02-’03. If she’s lucky, she’ll end up teaching there or another public high school in the Mississippi Delta, New Orleans or New Mexico, among other places, through Teach For America (TFA), a non-profit organization that places recent grads in teaching positions in some of the country’s most underachieving, understaffed schools. Last year, TFA saw its applicant pool triple from the usual 5,000 to a whopping 14,000, all vying for only 2,000 positions. The sudden increase...