“Nestle may pay high PR price for principle,” by Mark Borkowski, from the UK

“The boycott’s been going on for years, but it’s not biting deep enough for Nestle’s tastes. They’ve initiated a major drive to persuade lots more people not to buy the company’s products. How else to explain its demand for $6m from the Ethiopian government as compensation for the nationalisation in 1975 of a subsidiary company of a German parent operation that Nestle subsequently purchased in 1986? (Yes, hard to follow, but if you concentrate it makes sense). A company that made $5.5bn profit last year is trying to force the government of one of the poorest nations on earth to cough up $6m, and is refusing to accept a $1.5m compromise settlement that the cash-strapped regime has offered.”

Posted December 27, 2002

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