DuPont (E.I. du Pont de Nemours and Company)
- Homepage: http://www.dupont.com/
October 2007: "DuPont is a science company, delivering science-based solutions in markets such as food and nutrition, health care, apparel, home and construction, electronics and transportation.
Two hundred years ago, DuPont was primarily an explosives company. One hundred years ago, our focus turned to global chemicals, materials and energy. Today, entering our third century, we deliver science-based solutions that make real differences in real lives. Look closely at the things around your home and, chances are, you'll find a DuPont imprint.
Our ability to adapt to change and our foundation of unending scientific inquiry enabled this two-century journey to becoming one of the world's most innovative companies. But, in the face of constant change, innovation and discovery, our core values have remained constant: commitment to safety, health and the environment; integrity and high ethical standards; and treating people with fairness and respect.
What has this commitment allowed us to accomplish? Take a look:
2001 revenues: $24.7 billion
Net income of $4.3 billion.
Employees: 79,000. Approximately half work outside the United States.
Global: Operating in 70 countries worldwide. 135 manufacturing and processing facilities.
R&D: More than 40 research and development and customer service labs in the United States, and more than 35 labs in 11 other countries"
August 2002: "DuPont is a science company, delivering science-based solutions in markets such as food and nutrition, health care, apparel, home and construction, electronics and transportation....2001 revenues: $24.7 billion. Employees: 79,000. Approximately half work outside the United States."http://www.dupont.com/corp/overview/glance/index.html
October 2007: "A divided federal appeals court ruled yesterday that a human rights lawsuit filed against 50 major corporations that did business in South Africa under apartheid should be revived and reconsidered by the lower court that dismissed it.... The plaintiffs sued the corporations — among them Citigroup, General Electric, E. I. DuPont de Nemours, I.B.M., General Motors, Shell Oil and ExxonMobil — under the Alien Tort Claims Act..."http://www.nytimes.com/2007/10/13/us/13apartheid.html
May 2007: But the inquiry, still in the informal stage, may also look at a deal that the company actually pursued. Last fall, Dow made an overture to acquire DuPont in a deal worth more than $40 billion, according to people involved in the talks. If the approach had ultimately led to a deal, it would have combined the largest and third-largest chemical companies in the United States. ExxonMobil is No. 2.http://www.nytimes.com/2007/05/25/business/25dow.html
December 2006: DuPont produces HFC-23 as part of its output of Teflon, but has routinely burned the colorless, odorless waste gas without compensation for many years, even though it is not required by law to do so, a DuPont spokeswoman said.http://www.nytimes.com/2006/12/21/business/21pollute.html
December 2005: The Environmental Protection Agency reached a $16.5 million settlement with the DuPont Co. yesterday over the company's failure to report possible health risks associated with perfluorooctanoic acid, a chemical compound used to make Teflon. The fine, the largest civil administrative penalty the agency has ever obtained, includes a $10.25 million penalty and a pledge by DuPont to spend an additional $6.25 million on environmental projects.http://www.washingtonpost.com/wp-dyn/content/article/2005/12/14/AR2005121402275.html
Role Name Type Last Updated Owner of (partial or full, past or present) Pioneer Hi-Bred International Organization Jan 14, 2004 Director/Trustee/Overseer (past or present) Alain J. P. Belda Person May 25, 2007 Opponent (past or present) Kenneth "Ken" A. Cook MS Person Jan 25, 2008 Director/Trustee/Overseer (past or present) William K. Reilly Person May 23, 2010
Articles and Resources
Date Fairness.com Resource Read it at: Jun 12, 2008 Chemical Law Has Global Impact: E.U.'s New Rules Forcing Changes By U.S. Firms
QUOTE: Europe this month rolled out new restrictions on makers of chemicals linked to cancer and other health problems, changes that are forcing U.S. industries to find new ways to produce a wide range of everyday products.
Washington Post Oct 13, 2007 Rights Case Against 50 Companies Is Reinstated
QUOTE: A divided federal appeals court ruled yesterday that a human rights lawsuit filed against 50 major corporations that did business in South Africa under apartheid should be revived and reconsidered by the lower court that dismissed it.
New York Times May 25, 2007 Investigation Is Said to Open on Dow Chemical
QUOTE: The Securities and Exchange Commission has begun an inquiry into whether two senior executives at Dow Chemical secretly tried to put the company into play as well as into the unusual trading in its stock that may have resulted...
New York Times Dec 21, 2006 Outsize Profits, and Questions, in Effort to Cut Warming Gases
QUOTE: Cleaning up this factory will require an incinerator that costs $5 million... Yet the foreign companies will pay roughly $500 million for the incinerator....With so much money flowing to a few particularly lucrative cleanup deals, the danger is that they will distract attention from the broader effort to curb global warming gases, and that the lure of quick profit will encourage short-term fixes at the expense of fundamental, long-run solutions...
New York Times Sep 02, 2006 Five Days: It's Their Holiday, but Wage Earners Aren't Happy
QUOTE: In the first admission of criminal acts in the mutual fund market-timing scandal, Prudential Financial agreed to pay $600 million to settle charges with federal and state regulators that one of its units engaged in more than $2.5 billion worth of inappropriate trades.
New York Times Sep 01, 2006 California Plan to Cut Gases Splits Industry
QUOTE: While high-technology companies have lined up behind the move, arguing that it will put California at the forefront of alternative energy development, most of those representing basic industries contend that it will retard the economy, force energy-intensive businesses out of state and increase costs for all Californians.
New York Times Jul 21, 2006 Pushed by Clients, Law Firms Step Up Diversity Efforts
QUOTE: The nation’s largest law firms, long dominated by white men, have struggled to attract, keep and promote minority and women lawyers...Now these firms have a powerful incentive to do better: Some of their biggest corporate clients are demanding that they increase the number of minority and women associates and partners.
New York Times Dec 15, 2005 DuPont, EPA Settle Chemical Complaint: Firm Didn't Report Risks, Agency Says
QUOTE: The Environmental Protection Agency reached a $16.5 million settlement with the DuPont Co. yesterday over the company's failure to report possible health risks associated with perfluorooctanoic acid, a chemical compound used to make Teflon.
Washington Post Nov 17, 2005 Ex-Employee Calls DuPont Negligent
QUOTE: A former DuPont Co. engineer charged yesterday that the chemical giant deliberately ignored evidence that its grease-resistant coating on paper products may have been entering consumers' blood at levels that exceeded the federal health standard.
Washington Post Jul 24, 2005 Will Environmental Fear Stick to DuPont's Teflon?
QUOTE: ...a group of scientists... determined earlier this month that the ingredient, perfluorooctanoic acid, also known as PFOA or C8, was a "likely carcinogen," or cancer-causing agent... It could also complicate DuPont's position in two matters: a criminal investigation into whether it hid tests showing a public health threat, and a class-action suit filed last week on behalf of people who bought Teflon-coated cookware.
New York Times Nov 03, 2003 As Uses Grow, Tiny Materials' Safety Is Hard to Pin Down
QUOTE: Nanoscale materials are already embedded in hundreds of products that we use daily but are they safe? Recent experiments raise troubling issues.
New York Times Oct 13, 2003 I.B.M. Toxic-Chemical Suit Heads to Court
QUOTE: "This is the farthest that anyone has come to making the connection between the chemicals used in the manufacture of electronics and cancer..."
New York Times Aug 18, 2002 As the Earth Warms, Will Companies Pay?
QUOTE: With their confidence shaken in corporate bookkeeping and the market's omniscience, investors are starting to look for other possible "off balance sheet" land mines, including the hidden risks that could be associated with global climate change.
New York Times May 01, 1991 Who owns Exxon? We do.
QUOTE: Like many of the corporate reform efforts of the past few years, the Valdez Principles will require an immense amount of data-gathering about companies. Indeed, CERES' people (while they've released their first questionnaire for corporations, in a booklet resembling an SAT exam) are still deciding what sorts of disclosure they should require from companies....no less a luminary than Peter Drucker is writing that systematic audits can be conducted -- indeed, must be conducted -- before the problems in pension-fund socialism can be resolved.
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