Skip to comments.Outrage over SEC terrorism ‘blacklist’
Posted on 06/29/2007 6:22:16 AM PDT by DeaconBenjamin2
Some of the worlds biggest companies are outraged by a website link launched by US regulators aimed at exposing which of them could be indirectly subsidising a terrorist state.
The Securities and Exchange Commission this week linked to a list of five countries Cuba, Iran, North Korea, Sudan and Syria designated by the State Department as sponsors of terrorism.
By clicking on each country, investors see a list of companies that mention that country in their latest annual reports. The companies are mostly non-US and include Unilever, Cadbury, HSBC, Nokia, Siemens and Total.
Christopher Cox, SEC chairman, described the site as falling under the commissions investor-protection mission. No investor should ever have to wonder whether his or her investments or retirement savings are indirectly subsidising a terrorist haven or genocidal state.
But the companies are objecting because the list does not make clear the extent of a companys business in such states or whether they still have ties.
(Excerpt) Read more at ft.com ...
Good, make ‘em uncomfortable
Hey, I didn’t know the Financial Times had a Sports section..
Screw NASCAR! Let them get an AMERICAN sponsor.
Don’t need no Euroweinies tellin us how to race!
I would assume Cadbury buys lots of high quality sugar, a lot of which would come from Cuba.