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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Ann Corrigan who wrote (43143)12/12/2003 8:47:07 PM
From: Raymond Duray  Read Replies (1) of 74559
 
Hi Ann,

I commend you for acting on principle. And I find myself disappointed that Amazon is on the list of scoundrels.

My particular passion is about Nike. A company that is completely berzerk about compensation. I haven't checked the figures lately, but their pay to celebrity endorsers is outrageous vis a vis what the subcontract assemblers of their products get. For example, Tiger Woods is to receive $20 Million per annum for the next few years as a poser and clothes model:

news.bbc.co.uk

Meanwhile, the folks who actually make the Nike product are forced to work in sweatshops for below living wage levels in such Third World countries as Viet Nam. Attempts to organize these workers are met with the harshest of reprisals. Here's an outrageous letter containing quotes from a Nike V.P. decrying the values of American democracy:

saigon.com

In this letter addressed to Phil Knight, workers' rights activist accuse Nike of outright anti-Americanism:

Dear Mr. Knight:

We have followed the deeply disturbing reports of the January 11, 1999, letter from Nike Vice President Joseph M. Ha to Mr. Cu Thi Hau, President of the Vietnam General Confederation of Labor. This letter alleges that "a few U.S. human rights groups, as well as a Vietnamese refugee who is engaged in human rights activities, are not friends of Vietnam" and further, that their criticism of labor practices in Nike's factories is "the first step for their political goal which is to create a so-called 'democratic' society, modeled after the U.S."

More on Nike: saigon.com
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