In the consumeristic vortex of modern life, it’s important to constantly remind ourselves that, despite the encouragement of blinking advertisements and slick marketing specialists, for-profit business is rarely erected out of the kindness of the CEO’s heart—and some will do anything to stuff their pockets with your dollars. For whatever inconceivable reason, many corporations’ marketing efforts are still granted the latitude to make wild, falsified claims about products that have the potential to hurt customers, or at least, push useless crap on them in exchange for their hard earned savings. Granted, to some extent it is the customers’ fault if they legitimately think those ridiculous Sketchers “toning shoes” will give them the body of Serena Williams just by walking around and going about their daily business. We should all be very aware at this point that you can’t get something from nothing, and if it sounds too good to be true, then it is. However, some of the shit that these companies pull off is just plain shameful.
Original title: The 10 times big companies have lied to us
Things move fast in the corporate world. Since we published our VW Emissions Scandal and 11 other times big companies have lied to us article (here) last week, oil giant BP has agreed to pay $20bn (£13.2bn) to settle claims in the USA following the disastrous Deepwater Horizon oil spill in 2010. The spill took 87 days to cap, and affected five US states, including, Texas, Louisiana, Mississippi, Alabama and Florida. The end result crippled ecosystems and local economies.
Meanwhile VW, following the emissions scandal in September, are preparing to recall almost 500,000 cars in the US alone from January 2016, and have set aside €6.5bn (£4.7bn) to cover costs. Rather than shouldering the costs themselves, VW which made $8.1 BILLION in profit last year is preparing to cut costs and model development according to new VW boss Matthias Müller.
Speaking at the company’s Wolfsburg HQ, Müller told workers “We will review all planned investments, and what isn’t absolutely vital will be cancelled or delayed. I will be completely clear: this won’t be painless.” Certainly not for the workers, all of them blameless, that’s for sure. Well done VW, you totally stink. This is just another example of how huge money making giants, and their greedy shareholders, are happy to share the pain but not the profits.
Now don’t get us started on FIFA…
Infographic courtesy of: wholesaleclearance.co.uk
Originally posted 2016-02-01 04:06:39.