Taxpayer Watchdog Names Boeing 'Corporate Turkey of the Year'

SPACEMART

what a waste

Washington - Nov 24, 2003
Citizens Against Government Waste (CAGW) presented the Boeing Corporation Thursday with its first annual "Corporate Turkey of the Year Award" in recognition of a year of unparalleled corporate scandal, waste, and abuse. The award is given to corporations that receive government bailouts, abuse federal contracts, and risk taxpayer dollars.

"Boeing had a banner year for scandal and ethical abuse," CAGW President Tom Schatz said. "Since the federal government rewarded Boeing's misconduct with additional federal contracts, CAGW felt it was appropriate to reward them too."

Boeing started the year with a textbook example of misconduct when the General Accounting Office revealed in January that the company improperly obtained Raytheon's proprietary information while competing with that company for a multi-billion dollar rocket contract with the federal government.

Following up on that scandal, Boeing refused to rest on its misconduct. Later in July, the Air Force found that Boeing improperly obtained more than 38,000 proprietary documents while competing with Lockheed Martin for a $2.8 billion dollar satellite contract and suspended a division of Boeing for 90 days.

Boeing earned bonus points in the scandal rankings when the Department of Justice brought criminal charges against Boeing employees in connection with the matter.

Finally, Boeing secured its position as the number one corporate turkey when it was subject to another federal investigation in August by the U.S. Air Force's Inspector General (IG).

The IG received information that Boeing improperly obtained internal Pentagon information while negotiating the proposed tanker-lease deal. Incredibly, Boeing still won the $20 billion contract despite the ongoing investigation.

"Boeing won more than $22 billion in government contracts despite an amazing display of corporate misconduct, ethical improprieties and irresponsibility," Schatz continued.

"After improperly obtaining proprietary information from numerous competitors and even the Pentagon, Boeing continued to win sweetheart deals from the government and rip off taxpayers."

"With MCI and other corporate criminals in the running, the competition was tough," Schatz concluded. "At the end of the day, no one could match Boeing's persistent and single-minded dedication to low ethical standards and financial harm to taxpayers."

Source: Citizens Against Government Waste is the nation's largest nonpartisan, nonprofit organization dedicated to eliminating waste, fraud, abuse, and mismanagement in government.

SPACEMART

XM Radio Introduces XM Direct

Washington - Nov 18, 2003
XM Satellite Radio, America's #1 satellite radio service, today formally introduced XM Direct, an ultra-compact XM tuner module for car stereos.

Thanks for being here; We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain. With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords. Our news coverage takes time and effort to publish 365 days a year. If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor $5 Billed Once credit card or paypal		SpaceDaily Monthly Supporter $5 Billed Monthly paypal only

The content herein, unless otherwise known to be public domain, are Copyright 1995-2016 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.