
March 21st / 23rd, 2008
"Hanesbrands CEO has Millions of Dollars, Zero Ethics"
Last week Hanesbrands reported that CEO Richard Noll received over $8.5
million dollars in salary and other compensation for 2007. That included a $1.2
million bonus for a job well done. Speaking unofficially for the nearly
14,000 American families devastated by Noll, let me congratulate the CEO for his
unprecedented greed and lack of ethics.
As if news of Noll’s exorbitant earnings wasn’t enough to make a decent
person bristle up, company executives also patted themselves on the back for
announcing that Hanesbrands will build a $75 million dollar plant in China,
employing 1,000 people. Hey, that’s about the same number of people as Noll laid
off in Winston-Salem last year. No wonder he deserved a million dollar
bonus. But wait, there’s more terrific news. Noll is proud of the fact that
his company won’t just operate the Chinese plant, but that Hanesbrands will
actually own it. Why is that significant for Mr. Millionaire? According to
one of Noll’s flunkies, Matt Hall, ownership of the Chinese plant will, “make
it easier for us to operate our ethical labor standards.”
Excuse me? Ethical labor standards?
You mean like moving nearly 80% of your U.S. workforce to Mexico, Central
America, the Carribean, and Asia?
You mean like eliminating subsidized medical benefits for retirees right at
Christmas time?
You mean like promising that Hanesbrands would remain a dominant force in
Winston-Salem, then shutting down several plants and putting thousands of
people out of work?
You mean like laying off nearly 14,000 Americans in the first year of
Hanesbrands spin-off from Sara Lee?
You mean like asking taxpayers to pay for up to two years worth of
re-training and other compensation for the thousands of people Hanesbrands laid off?
Noll doesn’t seem to know the meaning of the phrase “ethical labor standards
”. What he does know is how to ruin families, hoodwink local officials, and
get a free ride from the media. For example, the Winston-Salem Journal has
been diligent in writing about Hanesbrands’ financial reports, but has yet to
call for the Chamber of Commerce or City Council to formally censure Noll
for his deeds against local workers.
And why hasn’t the government launched an investigation of how Hanesbrands
has abused the spirit (if not the actual letter of the law) of the Federal
Trade Adjustment Assistance Act? Why is it that Congress can spend time
quizzing baseball players about steroids, but can’t call a hearing to look into
corporate abuses of NAFTA and its associated programs?
Two weeks ago, Congress put sub prime lenders on the hot seat and accused
them of profiting on the backs of unsuspecting homeowners. So why not call
Richard Noll and other corporate pirates up to D.C. for a serious sit-down?
The reason is that the foreclosure crisis is the flavor of the month. It is
widespread and serious, and should be investigated. But abuses of the
American work force by CEOs like Noll have helped trigger the economic conditions
which led many people to seek more affordable loans in the first place.
Noll is smart enough to realize that lawmakers are apathetic to wheels that
don’t squeak, and so long as he uses the right buzz words (such as “ethical
labor standards”) he can fly in under Congressional radar. And if Noll’s
phrase “ethical labor standards” sounds familiar, it should. They are the
exact words used by Hillary Clinton and Barack Obama in describing how NAFTA
should be reformed. But that doubletalk just means that the next President
(whoever he or she may be), plans to do nothing to punish companies who keep
draining jobs out of America, so long as they provide clean working conditions
for slave laborers in other countries. And that brings us to the Fair Labor
Association.
The F.L.A., headquartered in Washington, D.C., is an organization dedicated
to protecting the rights of workers and improving working conditions in
plants around the world. Right now, for example, the F.L.A. is on a crusade
against Hermosa Manufactruring of El Salvador for closing a plant and laying off
workers.
It’s a crusade with merit, and I applaud the F.L.A. for its dedication to
disenfranchised employees who are treated unfairly. But the Fair Labor
Association should be more careful about who it admits to its organization.
Last week, Noll announced that Hanesbrands had recently joined the F.L.A.
Is that because such membership serves as yet another way to deflect
attention away from worker abuses here at home? Or, was it because Noll believed
that the F.L.A. would never investigate unfair treatment of workers by a new
F.L.A. member company? I emailed the President of F.L.A. to express my
concern over admission of Hanesbrands to his esteemed organization, but, I have yet
to receive a reply.
And so, how much longer will Congress turn a blind eye to possible abuses of
the Federal Trade Adjustment Assistance Act? How much longer will the Triad
media and local officials keep sucking up to Hanesbrands as if nothing has
happened? I’m sorry, but what Richard Noll has done over the past 18
months is not a victimless crime. He has profited from the misery of others in a
way that makes sub prime predators look like saints.
If Congress wants to know how to help people who face losing their homes, it
should turn its attention to CEOs who boost our unemployment lines just so
they can earn higher profits and bigger bonuses.
And, I don’t care how many fair labor associations Richard Noll joins, he is
still a robber baron of the worst kind.
So here’s to you Mr. Noll. Congratulations on your new Asian plant, and
your $8.5 million dollar salary, and to your ethical labor standards at
Hanesbrands.
Just remember what Confuscious say: “Man who sends his panties to China,
exposes backside as true self here at home.”
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