The News Review:
- FRNTLINE: a dangerous business revisited: the mcwane prosecutions |…
- A Dangerous Business
- Bloomberg.com: Investment Tools
FRNTLINE: a dangerous business revisited: the mcwane prosecutions |…
pbs.org – Feb 5, 2008
The government accused McWane and these employees of conspiracy making false statements to investigators and violations of the Clean Water Act. A jury convicted McWane and three of the individuals on 48 counts. ne defendant plant engineer Donald Bills was acquitted of the single charge against him. At the sentencing hearing McWane’s chairman Phillip McWane who was not charged in the case… Kennedy Valve was fined $300000 the maximum allowed under state law and McWane was ordered to pay $1. 5 million to implement a community project to reduce exposure to lead. A plant engineer Ronald Wagner also pleaded guilty to a related crime. Debarment of McWane Inc. In February 2006 the EPA recommended McWane be “debarred” prohibiting the company from doing business with the federal government. In its recommendation the EPA said McWane had a “dreadful history of environmental and worker safety crimes” and that “no taxpayer dollars should be spent at a company with a history as scandalous as that of McWane. After examining evidence the company presented of its improved operations the EPA agreed to a “voluntary exclusion agreement” meaning McWane along with several plants and employees was forbidden from doing business with the federal government for a specific period of time.
A Dangerous Business
pbs.org – Feb 5, 2008
RBERT RESTER Former McWane Plant Manager: The working conditions is probably the worst that you can imagine even worse than underground in a coal mine. ANNUNCER: McWane an iron pipe company where workers risked their lives. JHN HENSHAW Assistant Secretary of Labor SHA: Fatalities injuries and illnesses and amputations are not accepted practice. ANNUNCER: After our original broadcast the Justice Department investigated. DAVID UHLMANN Chief Env… Here in Tyler Texas “disciplined management practices” meant reducing the workforce by nearly two thirds of the people working there. MARCS LPEZ: There were a lot of changes and it changed for the worse for every employee. RN HWELL Former Design Engineer Tyler Pipe: I’m embarrassed for people to even know that I have been employed by those people. NARRATR: Ron Howell worked at Tyler Pipe for 42 years as a design engineer. Now retired he blames McWane for increasing profits at enormous human cost. RN HWELL: A human being can only hit so many buttons on the machine. If he’s operating a machine they put another machine behind him.
Bloomberg.com: Investment Tools
Bloomberg – Feb 5, 2008
Toyo Engineering Corp. (6330 JT): The plant engineeringcompany said nine-month net income climbed 58 percent to 4. 45billion yen on a 57 percent jump in sales. The stock rallied 25yen or 5 percent to 530. (7203 JT): The world's second-largestcarmaker reported the smallest profit gain in a year and saidearnings may fall this quarter as the yen strengthens and U.