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31,300. It's estimated that between two million and ten million died: a salutary lesson in the dangers of unchecked corporate power. (British Empire & India & Corporation) Dan Snow, The Birth of Empire: The East India Company I, BBC 2014
31,309. The East India Company made some devastating mistakes. (British Empire & India & Corporation) Dan Snow, The Birth of Empire: The East India Company II
101,961. Years earlier an auto executive turned defense secretary Charles Wilson said, What’s good for General Motors is good for America. He saw no distinction between an elected government and an unelected corporation. (Wall Street & Rule & Military Industrial Complex & Elite & United States of America & Corporation) Who Rules America? III, 1987
101,962. ‘We’ve undergone coup d’etat. We live in a corporate state.’ (Wall Street & Rule & Military Industrial Complex & Elite & United States of America & Corporation) ibid. Chris Hedges
125,075. 22 July 2014: Bill Ackman, CEO Pershing Square Capital Management: ‘This will be the most important presentation that I have made in my career … You’re going to learn why Herbalife is going to collapse … This is the largest fraud.’ (Corporation & Bet & Capitalism & Fraud) Betting on Zero, Netflix 2016
125,076. This is about Bill Ackman’s business model; this is about blatant market manipulation. (Corporation & Bet & Capitalism & Fraud) ibid. CEO Herbalife
125,077. An organisation is deemed to be a pyramid scheme if the participants obtain their monetary benefits primarily from recruitment rather than the sale of goods and services to consumers. (Corporation & Bet & Capitalism & Fraud) ibid. Peter Vander Nat, senior economist Federal Trade Commission
125,078. For two years hedge fund CEO Bill Ackman has been managing a massiv
e short position in Herbalife, betting the company will fail. (Corporation & Bet & Capitalism & Fraud) ibid.
125,079. You pay $55/100 to get a starter kit. (Corporation & Bet & Capitalism & Fraud) ibid. Ackman
125,080. This is an ingenious fraud. (Corporation & Bet & Capitalism & Fraud) ibid.
133,347. Amazon has propelled Jeff Bezos from bookseller to Tech Titan. He’s now the richest man on the planet. Former high-level Amazon insiders reveal how he did it. It’s about knowing us, the customer, in minute detail. As Amazon extends ever deeper into our lives, what does its spectacular rise mean for us? (Corporation & Data & Surveillance) Panorama: Amazon: What They Know About Us, BBC 2020
133,348. Not only is she [Alexa] listening to us, humans are too. (Corporation & Data & Surveillance) ibid.
133,349. Amazon has the technology to know a lot about us. (Corporation & Data & Surveillance) ibid.
134,171. Earlier this morning in Birmingham Alabama an indictment was unsealed charging Richard Schrushy, the former CEO of HealthSouth Corporation, with fraud, money laundering and other offences. (Fraud & Alabama & Corporation) Trial by Media s1e4: King Richard, prosecutor
134,172. … Has gone from CEO to religious talk show host with his wife by his side … (Fraud & Alabama & Corporation) ibid. news
134,173. It was just this mindset of we have to hit the numbers. (Fraud & Alabama & Corporation) ibid. insider
134,174. Months after the conclusion of the Healthsouth trial, Richard Scrushy was indicted for bribing the former government of Alabama, Don Spiegelman. (Fraud & Alabama & Corporation) ibid. caption
138,186. Jeff Bezos’ resignation is a distraction – there is a bigger Amazon story we need to talk about: The Founder of Amazon stepped down yesterday, shortly before the United States Federal Trade Commission announced that it was fining his company $61.7m:
When a magician performs a trick, audiences rarely look where they need to. Sleight of hand and charming patter is used to divert our attention away from what is actually happening. Misdirection comes in many forms. Yesterday, it involved one of the richest men in the world. Jeff Bezos the founder of Amazon, stepped down from his CEO position, shortly before the United States Federal Trade Commission announced that it was fining Amazon $61.7m, so the shopping giant could settle charges that it withheld delivery drivers’ tips paid by customers.
Jeff Bezos accumulated more than $215m a day in 2019. As you are reading this article, his wealth has likely increased nearly four times the amount of the fine his company was issued for withholding payments from its employees.
The full announcement from the FTC is astounding. It states that Amazon regularly advertised that drivers participating in the Flex program would be paid between $18 and $25 per hour, and that drivers would receive all of their tips. That is not what happened.
Instead, the FTC alleges that Amazon put its workers on a lower rate and used customer tips to make up the difference. Amazon allegedly took steps to mislead drivers about this, made the change, and then lied about it.
‘Rather than passing along 100 per cent of customers’ tips to drivers, as it had promised to do, Amazon used the money itself,’ said Daniel Kaufman, acting director of the FTC’s Bureau of Consumer Protection.
The FTC also alleges that Amazon only stopped its behaviour, which happened over a two and a half year period, when it became aware of the regulator’s investigation. (Corporation & Wages) The Independent online article 3 February 2021 Adam Smith
123,903. The moment that defined the chaos of the 21st century: a financial atomic bomb exploded in the heart of the world’s banking system, sucking up the lifeblood of the global economy. (Capitalism & Finance & Banking & Wall Street & Treason) The Treason Trilogy I: Casino Capitalism, Terror and Doom, 2011
123,904. Banks too big to go bust held nations to ransom. Trillions of dollars cascaded into bankers’ vaults. (Capitalism & Finance & Banking & Wall Street & Treason) ibid.
123,905. Sub-prime mortgages blighted whole neighbourhoods, boarded up houses were vandalised, driving down the value of next-door properties. (Capitalism & Finance & Banking & Wall Street & Property & Mortgage & Treason) ibid.
123,906. The way we abuse each other in the scramble to monopolise the riches of Earth. (Capitalism & Finance & Banking & Wall Street & Resources & Treason) ibid.
123,907. But we won’t be able to reform the laws if we allow corporations to compromise the democratic process by buying the privileges that put their profits above the interests of everyone else. (Capitalism & Finance & Banking & Wall Street & Treason) ibid.
123,908. The world is out of control: a legacy of the West’s dirty secret. (Capitalism & Finance & Banking & Wall Street & West & Treason) ibid.
123,909. Lives are shattered when people speculate in property. (Capitalism & Finance & Banking & Wall Street & Mortgage & Property & Treason) ibid.
123,910. And that charge of treason can be levelled against many governments in the twenty-first century. (Capitalism & Finance & Banking & Wall Street & Treason) ibid.
123,911. In an act of sacrilege Henry [VIII] incubated a new kind of greed which knew no limits and which eventually infected the rest of the world … Henry invented a new kind of statecraft based on greed. (Capitalism & Henry VIII) The Treason Trilogy II: The Crucible of Terror
123,912. Their leaders are worshippers in the Temple of Doom. The Treason Trilogy III: The Temple of Doom
105,642. ‘I was shocked at the arrogance of the court; I was shocked at the fact that they thought corporations were people. (Democracy & Elite & Wealth & Politics & Election & Corporation) Citizen Koch, 2013, Bob Edgar
105,643. Money also pours into state and local elections after 22 states lifts their corporate spending bans. (Democracy & Elite & Wealth & Politics & Election & Corporation) ibid.