Keeping an eye out on corporations
Filed in archive CSR on May 30, 2007
There's a lot to watch out for when you're checking out a corporation. It's not just their green practices, budgeting, or volunteer work. Remember Enron? Tyson? MCI? Martha Stewart? Yeah, you see where I'm going with this.
Apple has been under a microscope lately because one former attorney is charged with stock fraud. Or at least, under my microscope. Now my Scam-Dar is starting to go a little bonkers with these new reports.
The company believed to be the main manufacturer for the iPhone, Hon Hai Precision Industry Co., was investigated by Apple pursuant to reports that they were running a slave shop. Long story short, they were only operating slightly sub-par, and have been asked to increase certain standards.
Now Quanta's stocks are soaring through speculation, because of rumors they may get the iPhone contract, or at least some of it. It just smells fishy to me.
I'm concerned that Apple's good name may be ruined soon enough. The worst part is, at this point it's hard to tell if it is Apple undoing itself, or just the companies it associates with - and just how far they will drag Apple down with them. After all, it was Anderson that tarnished Enron's name.
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Tags: Apple CSR stocks enron tyson mci martha stewart quanta social social+enterprise
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