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Tuesday, February 8, 2011

Corporate crime in the news

Toyota is planning on releasing its final report about the crimes it perpetrated against consumers, its own customers.

Expect them to admit guilt, turn themselves in to authorities, and willingly submit to long prison terms.

Wait.

What was I saying?

I think I was talking in a dream, sorry about that.

Expect the report today.

http://www.npr.org/2011/02/08/133586576/u-s-to-release-final-report-on-toyota-recalls-today?ft=1&f=1001

5 comments:

  1. It' about time that Toyota releases a report. And the only reason they are now is because they can actually say they have been testing out theories and really trying to find out what is wrong with these cars. This corporation needs to better their PR so they are still able to have loyal consumers or really any consumers at all. I'm sure they received a great deal of flak for this problem. My grandma was actually in an accident due to this issue but fortunately she is ok. I really hope Toyota gets it together.

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  2. I completely agree with the above statement. The media has no interest in informing us about these kinds of corporate crimes unless the corporation itself admits they were in the wrong (which rarely happens). As katefrance said, the only reason Toyota is coming out with this is because they are saying they have now fixed the problem. Nevertheless, I think anyone with common sense knows that other corporations are not going to admit fault, because they are not willing to change and stop committing these corporate crimes. This is the kind of stuff we NEED to know about. Lives are in danger and the media turns a blind eye to it.

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  3. Toyota put a lot of peopole who invested money in their company in danger... the least they owe these people is a report on what happened. It is rediculous that this is pretty much the only thing that these people will get!

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  4. It is interesting to see an article reporting on corporate crime because usually corporate crime is ignored by the media. Unfortunately, they waited till at least five people were killed and millions of vehicles were recalled before reporting on the issue. Toyota should have made the public aware of the safety concerns with their vehicles before now. Just another example of large corporations wanting to make a profit rather than exhibiting concern for their customers and other innocent bystanders on the road.

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  5. The media hardly informs Americans of corporate acts of deviance that constantly take place. In fact with corporate crime rates being higher that violent crime rates, you would think the media would inform the viewer of there chances of being swindle by a corporation. However, of course the media does not. They want to protect the corporate image.
    In this case, Toyota should come forward in the media about the mistakes they made. Just like with the Ford Pinto, Ford admitted to there mistakes and was able to make a great comeback. They know what they did was wrong so why try to cover it up.

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