Thursday, May 2, 2013

Powerful Twitter Message

Coupled with the content of the link this Twitter message is the most bitterly ironic few words I have read in days. 

"Less than 1 percent of the factories used by Disney’s contractors are in Bangladesh, according to the official, who spoke on the condition of anonymity. The company’s efforts had accelerated because of the November fire at a factory that labor advocates asserted had made Disney apparel. The Disney ban also extends to other countries, including Pakistan, where a fire last September killed 262 garment workers.

Disney’s move reflects the difficult calculus that companies with operations in countries like Bangladesh are facing as they balance profit and reputation against the backdrop of a wrenching human disaster.

Bangladesh has some of the lowest wages in the world, its government is eager to lure Western companies and their jobs, and  many labor groups want those big corporations to stay to improve conditions, not cut their losses and run.

But as the recent string of disasters has shown, there are great perils to operating there."


==►Perils indeed, but only to corporate profits. 
Share-holders, customers or anyone officially on the Disney payroll have nothing to fear other than a few more pennies added to the retail price of products they sell. 
I learned years ago that blood does not show on a balance sheet. And the closest a corporation comes to a conscience is a journal entry (a business expense, of course) to improve or repair public relations. 

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