Laura Erickson's For the Birds

Friday, April 30, 2010

No one should profit from BP's horrible practices

Until we know exactly how long oil is going to be gushing in the Gulf of Mexico and what it's going to take to clean up the mess, every penny of BP's assets should be confiscated and held in escrow. Also, everyone making money from BP's negligent practices in recent years--including the shareholders--should get an actual financial penalty. Companies are ALWAYS going to try to get away with whatever they can to make a profit. And shareholders are always going to pressure companies to do whatever they can to make a profit. They should lose BIG here, just as they've made others lose big. If corporations are, indeed, "persons" as the Supreme Court now believes, they should be subject to their own wages being garnisheed, right?

2 comments :

  1. Something that disturbs me deeply is BP's effort to offer $5000 to all affected individuals, in exchange for their giving up all rights to litigation. In the scheme of all things, this is certainly not the epitome of corporate greed, but it is deeply cynical and I am profoundly repulsed by it.

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  2. I share your anger and despair at this catastrophe. It is was predictable and avoidable.

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