by Rob Kellogg on February 17, 2009
The resource extraction industry poses a set of unique challenges unlike other industries. The nature of the business is highly complex and risky. It involves tremendous initial capital investment. It requires management teams to be able to manage diverse and vulnerable populations. And it involves setting up operations in geopolitical “hot spots” rich in raw materials. So even for the best intentioned company, the promise of running a responsible corporate enterprise in this industry is a daunting task. [click to continue...]
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by Erika Yost on January 3, 2009
As reported in previous Global Investment Watch posts, the name Bernie Madoff has become synonymous with the word greed. One angle on the Madoff mess that is particularly distressing to us is that a number of organizations that we rely on for our research at JMR Portfolio Intelligence have been harmed. In the last few days I have received appeals from the Business & Human Rights Resource Centre and from Eli Pariser at MoveOn.org asking for money on behalf of the following organizations: The Brennan Center for Justice, Human Rights Watch, the Advancement Project, and the Center for Constitutional Rights. These organizations rely on support from foundations that trusted Madoff with managing their funds.
As far as bailouts go, I certainly don’t mind chipping in to help these organizations continue their good work, but what a sad scenario. It reminds me of the question asked in the brilliant 2001 animated film Waking Life: “Which is the most universal human characteristic: fear, or laziness?” I love the question, but I have often thought that greed should be one of the choices.
Here’s to a new year with a little less greed, fear and laziness. Cheers!
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by Rob Kellogg on November 12, 2008
Rob Kellogg of Global Investment Watch reviews the current problems at Adidas, the second largest apparel manufacturer in the world next to Nike, along with Westpac, Australia’s fourth largest bank. GIW’s parent company – JMR Portfolio Intelligence Inc. – has recently given Adidas a “non-compliant” investment rating.
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