Well no surprise that the spinmeisters at America’s third-most-hated company, Monsanto, chose Bloomberg Businessweek to depict them as unjustly and unreasonably reviled, but nonetheless it’s interesting to review their take on just why we shouldn’t hate the corporate bad guys du jour:
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…In a Harris Poll this year measuring the “reputation quotient” of major companies, Monsanto ranked third-lowest, above BP and Bank of America and just behind Halliburton. For much of its history it was a chemical company, producing compounds used in electrical equipment, adhesives, plastics, and paint. Some of those chemicals—DDT, Agent Orange, polychlorinated biphenyls (PCBs)—have had long and controversial afterlifes. The company is best known, however, as the face of genetically modified organisms, or GMOs.
On May 24, cities worldwide saw the second annual “March Against Monsanto.” In New York City, a couple thousand protesters gathered in Union Square, next to a farmers’ market, to hear speakers charge that the company was fighting efforts in states all over the country to mandate the labeling of GM foods; that organic crops were being polluted by GM pollen blown in on the wind, only for Monsanto to sue the organic farmers for intellectual-property theft; that Monsanto had developed a “Terminator” gene that made crops sterile.