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La banalité du mal de corporation
Dimanche 15 février 2009
Par , PCA a été construit par Parnell ? père de s, Hugh Parnell, comme conséquence de ses affaires de sandwich à crême glacée. The company later got caught up in the takeover wave that swept through the small world of peanut processing. The Journal-Constitution reports that PCA was sold in 1995 to Morven Partners, the vehicle set up by billionaire investor John Kluge to take over various nut companies such as Jimbo?s Jumbos. Jimbo?s, by the way, was mentioned in one of the e-mails released this week by the House. In it Parnell said: ?We need to find out somehow what our competition (JIMBOS) is doing [about salmonella] and at the very least mimic their policy.? Stewart Parnell and his brother Hugh Brian Parnell, the Journal-Constitution goes on to report, became management consultants for Morven until the late 1990s, when Stewart repurchased PCA. Hugh Brian Parnell told reporters that work and family occupy his brother Stewart?s time. ?He doesn?t drink, smoke or socialize,? Huge was quoted as saying. ?He?s a family man. You never see him without a grandchild around.? The Associated Press quotes a neighbor of Stewart?s as saying: ?He?s always been an upstanding, generous person and a pillar of the community.? Parnell and PCA didn?t have a much of a presence in the business community in Lynchburg, where the company has its modest headquarters. ?This episode is the first time I?ve heard of them,? the president of the city?s chamber of commerce was quoted as saying. Even less is known about Parnell?s associate David Royster III, who reportedly financed the acquisitions that allowed PCA to reach its current size. Royster is one of the younger members of a family that operates a variety of apparently respectable businesses in Shelby, North Carolina. The apparent fact that supposed pillars of the community can engage in outrageously reckless business practices shows that there is sometimes a fine line between the aggressive pursuit of profit and behavior that can legitimately be called evil. Those who would venerate entrepreneurship should keep in mind that it can also have a dark side. Have Your Say: The Banality of Corporate Evil Please read our posting guidelines before posting. Alternatively you can discuss this report here. Related News
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