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Al Sharpton on Corporations

Reverend; Civil Rights Activist; Democratic Candidate for President


Corporate misdeeds came from runaway deregulation

Q: Letís talk about corporate responsibility.

SHARPTON: Anytime youíve seen, from Enron where thousands of peopleís life earnings gone, to now in the midst of record unemployment, the vulgarity of what happened here on Wall Street with $130 million salaries, that that is something the American people need to understand came from deregulation. It came from a social policy set in Washington.

When you have no-bid contractors rebuilding Iraq, if any Democrat holding office in this country had given away those no-bid contracts, they would be in front of a grand jury, probably in court as a defendant. If any Democrat holding office in this country had given away those no-bid contracts, they would be in front of a grand jury, probably in court as a defendant.

This is an absolute issue that should be raised before the American people. Greed and runaway deregulation I think has added to the deficit.

Source: Debate at Pace University in Lower Manhattan Sep 25, 2003

Favors fines when companies export jobs

Q: Youíve talked about punishing companies that move overseas to dodge American taxes. Isnít that a message that builds walls between the US and the rest of the world economy?

SHARPTON: No. When I say that we should punish companies that go and have offshore corporations to duck taxes, that doesnít affect our standing with any other country. That affects people like Enron, that had 3,000 offshore companies deduct taxes. That doesnít hurt other countries, in terms of our enforcement.

Source: Debate at Pace University in Lower Manhattan Sep 25, 2003

People are told to serve country-companies should do same

We have a responsibility to [poor] citizens and we need to make that responsibility our priority before we try and help to accommodate companies that donít want to stand up for their responsibilities. Weíre told the responsible thing to do is serve the country. But if youíre a multi-billionaire, the responsible thing to do is to duck taxes and to try to down-size employment. Thatís ridiculous.
Source: Debate at Pace University in Lower Manhattan Sep 25, 2003

Other candidates on Corporations: Al Sharpton on other issues:
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Page last updated: Feb 08, 2010