Corporate Corruption News Articles

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Note: Explore our full index to revealing excerpts of key major media news articles on dozens of engaging topics. And read excerpts from 20 of the most revealing news articles ever published.

They wanted to kill landmark privacy regulations that would soon ban Internet providers, such as Comcast and AT&T, from storing and selling customers’ browsing histories without their express consent. While the nation was distracted by the House’s pending vote to repeal Obamacare, Senate Republicans would schedule a vote to wipe out the new privacy protections. On March 23, the measure passed on a straight party-line vote, 50 to 48. President Trump signed the bill in early April without ceremony or public comment. “While everyone was focused on the latest headline crisis coming out of the White House, Congress was able to roll back privacy,” said former Federal Communications Commission chairman Tom Wheeler, who worked for nearly two years to pass the rules. The process to eliminate them took only a matter of weeks. The Internet privacy rules were adopted ... after an intense battle that pitted large Internet service providers, the advertising industry and tech giants against consumer advocates and civil rights groups. The rules required Internet service providers to get explicit consent before they gather their customers’ data - their browsing histories, the locations of businesses they physically visit and the mobile applications they use - and sell it to third parties. The requirements were modeled after a law passed decades ago by Congress that prohibited telephone companies from collecting customers’ calling histories and selling the information to third parties.

Note: For more along these lines, see concise summaries of deeply revealing news articles about government corruption and the disappearance of privacy.

A shipment of 36 million pounds of soybeans sailed late last year from Ukraine to Turkey to California. Along the way, it underwent a remarkable transformation. The cargo began as ordinary soybeans. They were fumigated with a pesticide [and] priced like ordinary soybeans. But by the time the 600-foot cargo ship carrying them to Stockton, Calif., arrived in December, the soybeans had been labeled “organic,” according to receipts, invoices and other shipping records. That switch - the addition of the “USDA Organic” designation - boosted their value by approximately $4 million, creating a windfall for at least one company in the supply chain. About 21 million pounds of the soybeans have already been distributed to customers. The multimillion-dollar metamorphosis of the soybeans, as well as two other similar grain shipments in the past year examined by The Post, demonstrate weaknesses in the way that the United States ensures that what is sold as “USDA Organic” is really organic. The three shipments, each involving millions of pounds of “organic” corn or soybeans, were large enough to constitute a meaningful proportion of the U.S. supply of those commodities. All three were presented as organic, despite evidence to the contrary. USDA officials say that their system for guarding against fraud is robust. The system suffers from multiple weaknesses: Farmers hire their own inspection companies; most inspections ... lack the element of surprise; and testing for pesticides is the exception rather than the rule.

Note: Sign an online petition to stop an Oregon county from forcing a well-established organic farm to spray their gardens with Monsanto's poisonous Roundup. For more along these lines, see concise summaries of deeply revealing news articles on corruption in the food system and in the corporate world.

The High Plains dairy complex reflects the new scale of the U.S. organic industry: It is big. The complex is home to more than 15,000 cows, making it more than 100 times the size of a typical organic herd. It is the main facility of Aurora Organic Dairy, a company that produces enough milk to supply the house brands of Walmart, Costco and other major retailers. But a closer look at Aurora and other large operations highlights critical weaknesses in the unorthodox inspection system that the Agriculture Department uses to ensure that “organic” food is really organic. The critical issue is grazing. Organic dairies are required to allow the cows to graze daily throughout the growing season. The cows are supposed to be grass-fed, not confined to barns and feedlots. But during visits by The Washington Post to Aurora’s High Plains complex across eight days last year, signs of grazing were sparse, at best. During most Post visits the number of cows seen on pasture numbered only in the hundreds. The milk from Aurora also indicates that its cows may not graze as required by organic rules. Testing ... by Virginia Tech scientists shows that on a key indicator of grass-feeding, the Aurora milk matched conventional milk, not organic. The inspectors who visited Aurora’s High Plains dairy and certified it as “USDA Organic” ... conducted the annual audit well after grazing season, [and] would not have seen whether the cows were grazing as required, a breach of USDA inspection policy.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in the food system and in the corporate world.

Choate Rosemary Hall, the elite Connecticut boarding school, said on Thursday that at least 12 former teachers had sexually molested - and, in at least one case, raped - students in a pattern of abuse dating to the 1960s. A report prepared by an investigator for the board of trustees [said that] the parents of a Choate student complained to the school in the early 1980s after their daughter contracted herpes from an English teacher. And in another case, the report describes a student’s rape on a school trip to Costa Rica. None of the teachers’ actions were reported to the police. Choate ... is the latest in a string of prestigious private academies that have faced accusations of sexual abuse by faculty members, including St. George’s School, in Rhode Island, and Horace Mann and Poly Prep in New York City. In a letter to members of the school community that accompanied the report, Michael J. Carr, the chairman of the board of trustees, and Alex D. Curtis, the headmaster, apologized and thanked the victims who came forward. The report names 12 former faculty members who it says abused students, both male and female. In some cases, faculty members had sexual relationships with students for months. For years, the school kept allegations of sexual misconduct from getting out, according to the report. “Sexual misconduct matters were handled internally and quietly,” it said. “Faculty was ... was cautioned to say nothing about the situation if asked.”

Note: Watch an excellent segment by Australia's "60-Minutes" team "Spies, Lords and Predators" on a pedophile ring in the UK which leads directly to the highest levels of government. A second suppressed documentary, "Conspiracy of Silence," goes even deeper into this topic in the US. For more along these lines, see concise summaries of deeply revealing sexual abuse scandal news articles from reliable major media sources.

Emails released as part of a federal lawsuit against Monsanto suggest the agriculture supplier cozied up to an EPA regulator and sought to whitewash studies to ignore potential cancer-causing effects of an herbicide found in weed-killer. NPR reports the emails show the company asked scientists to co-sign safety studies on glyphosate, an active ingredient in Roundup, after the International Agency for Research on Cancer found glyphosate may cause cancer. The emails show company representative William Heydens suggesting the company "ghost-write" a finding. He wrote, according to NPR, "we would be keeping the cost down by us doing the writing and they would just edit & sign their names so to speak." The emails ... also show EPA regulator Jess Rowland boasting in a 2015 email to Monsanto that, "If I can kill this I should get a medal," referring to a Monsanto effort to stop a government investigation into glyphosate. CBS reported another email from a Monsanto employee to an EPA director said, "I doubt EPA and Jess can kill this, but it's good to know they are going to actually make the effort." The company defended the relationship in an interview with Bloomberg. Rowland ... has left the EPA's pesticide division and is involved in about two dozen lawsuits related to the company not disclosing potential cancer-causing hazards of glyphosate.

Note: The negative health impacts of Monsanto's Roundup are well known. Major lawsuits are beginning to unfold over Monsanto's lies to regulators and the public on the dangers of glyphosate. Yet the EPA continues to use industry studies to declare Roundup safe while ignoring independent scientists. For more along these lines, see concise summaries of deeply revealing news articles on food system corruption and health.

When Angus Crawford, a journalist at the British Broadcasting Corporation, started reporting on sexualized images of children on Facebook, he knew he had to proceed with caution. Mr. Crawford ... began investigating the presence of obscene images of children on Facebook last year, [and] found that pedophiles were using secret pages to share images of children. A subsequent police investigation led to one man being imprisoned. This year, [Mr. Crawford] followed up and found that there were still images on the website that appeared to break Facebook guidelines, which state that the social media company will remove any content that promotes sexual violence or exploitation. Mr. Crawford reported the images using Facebook’s internal system, but the company took down only 18 of the 100 that he flagged. He then contacted the social network directly ... and was asked to provide examples of images that he had reported. When he provided examples ... the company reported Mr. Crawford and the BBC to the police. The company filed its report with the Child Exploitation and Online Protection Center. Facebook has said it is improving its system for reporting offensive content, but the incident has raised questions about exactly how it polices its site. Mr. Crawford ... noted an apparent contradiction between the view of Facebook’s moderation system, which determined that the photos were not in breach of the social network’s guidelines, and the company’s decision to report the BBC to the police.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and sexual abuse scandals from reliable major media sources.

A doll called My Friend Cayla listens a little too well, according to German regulators who say the toy is essentially a stealthy espionage device that shares what it hears and is also vulnerable to takeover by third parties. "Cayla ist verboten in Deutschland," says Jochen Homann, the president of Germany's Federal Network Agency (the Bundessnetzagentur), announcing a ban on the doll in Germany on Friday. His agency oversees electronic privacy as part of its telecommunications mandate. Cayla looks like an everyday doll and gives no notice that it collects and transmits everything it hears - in this case, to [Nuance], a voice-recognition company in the U.S. whose other customers include intelligence agencies. The My Friend Cayla doll remains for sale in the U.S., including via Amazon. Much of what the German agency says echoes the concerns of privacy and consumer advocates in the U.S., who filed a complaint against Cayla during the recent Christmas shopping season. They criticized the scope of what the Internet-connected toy captures, as well as the vulnerabilities it poses for users who link the doll with their smartphones. Consumer groups have also criticized the doll for its habit of praising commercial products, in what's often seen as a stealth marketing campaign that targets children. "For example, Cayla will happily talk about how much she loves different Disney movies," Norway's Consumer Council says. "Meanwhile, the app-provider has a commercial relationship with Disney."

Note: The use of artificial intelligence in a new Barbie doll generated controversy in 2015, while a New York Times article from that same year called "smart objects" a "train wreck in privacy and security". For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and the disappearance of privacy.

Moving to address income inequality on a local level, the City Council in Portland, Ore., voted on Wednesday to impose a surtax on companies whose chief executives earn more than 100 times the median pay of their rank-and-file workers. The surcharge, which Portland officials said is the first in the nation linked to chief executives’ pay, would be added to the city’s business tax for those companies that exceed the pay threshold. Under the new rule, companies must pay an additional 10 percent in taxes if their chief executives receive compensation greater than 100 times the median pay of all their employees. Companies with pay ratios greater than 250 times the median will face a 25 percent surcharge. The tax will take effect next year, after the Securities and Exchange Commission begins to require public companies to calculate and disclose how their chief executives’ compensation compares with their workers’ median pay. The S.E.C. rule was required under the Dodd-Frank legislation enacted in 2010. Criticism of how much chief executives are paid has risen in recent years as their compensation has grown substantially. A 2014 study ... found that chief executive pay compared with the earnings of average workers had surged from a multiple of 20 in 1965 to almost 300 in 2013. “Income inequality is real, it is a national problem and the federal government isn’t doing anything about it,” [said Portland Mayor Charlie] Hales. “But local action replicated around the country can start to make a difference.”

Note: For more along these lines, see concise summaries of deeply revealing income inequality news articles from reliable major media sources.

Residues of many types of insecticides, fungicides and weed killing chemicals have been found in roughly 85 percent of thousands of foods tested. Data released ... by the U.S. Department of Agriculture shows varying levels of pesticide residues in everything from mushrooms to potatoes and grapes to green beans. One sample of strawberries contained residues of 20 pesticides. Notably, the agency said only 15 percent of the 10,187 samples tested were free from any detectable pesticide residues. That’s a marked difference from 2014, when the USDA found that over 41 percent of samples were “clean” or showed no detectable pesticide residues. Prior years also showed roughly 40-50 percent of samples as free of detectable residues. Absent from the USDA data was any information on glyphosate residues, even though glyphosate has long been the most widely used herbicide in the world. The Food and Drug Administration also annually samples foods for residues of pesticides. The most recent public residue report issued by the FDA shows that violation rates for pesticide residues have been climbing in recent years.

Note: For more, see this mercola.com article. For more along these lines, see concise summaries of deeply revealing news articles on food system corruption and health.

On its website, Kellogg touted a distinguished-sounding "Breakfast Council" of "independent experts" who helped guide its nutritional efforts. Nowhere did it say this: The maker of Froot Loops and Frosted Flakes paid the experts and fed them talking points. The company paid the experts an average of $13,000 a year, prohibited them from offering media services for products "competitive or negative to cereal" and required them to engage in "nutrition influencer outreach" on social media or with colleagues, and report back on their efforts. For Kellogg, the breakfast council - in existence between 2011 and this year - deftly blurred the lines between cereal promotion and impartial nutrition guidance. The company used the council to teach a continuing education class for dietitians, publish an academic paper on breakfast, and try to influence the government's dietary guidelines. One of the breakfast council's most notable achievements was publishing a paper defining a "quality breakfast" in a nutrition journal. Kellogg touted the paper in its newsletter as being written by "our independent nutrition experts." Dietitians could earn continuing education credits from the publisher for taking a quiz about the paper. Kellogg didn't describe its own role in overseeing editing and providing feedback, such as asking for the removal of a line saying a recommendation that added sugar be limited to 25 percent of calories might be "too high."

Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in science and in the food system.

Yahoo has been accused of secretly building a customised software programme to search all of its customers’ incoming emails for specific information provided by US intelligence officials. The company complied with a classified US government directive, scanning hundreds of millions of Yahoo Mail accounts at the behest of the National Security Agency or FBI. Reuters said that a number of surveillance experts said this represented the first case to surface of a US Internet company agreeing to a spy agency’s demand by searching all arriving messages, as opposed to examining stored messages or scanning a small number of accounts in real time. The agency also said it was unable to determine what data the company had handed over, and if the intelligence officials had approached other email providers besides Yahoo. US phone and Internet companies are known to have handed over bulk customer data to intelligence agencies. But some former government officials and private surveillance experts said they had not previously seen either such a broad directive for real-time Web collection or one that required the creation of a new computer program. “I’ve never seen that, a wiretap in real time on a ‘selector’,” said Albert Gidari, a lawyer who represented phone and Internet companies on surveillance. A selector refers to a type of search term used to zero in on specific information. He added: “It would be really difficult for a provider to do that.”

Note: For more along these lines, see concise summaries of deeply revealing news articles about corporate corruption and the disappearance of privacy.

New York state's attorney general on Tuesday opened an investigation into the pharmaceuticals giant [Mylan], focused on its contracts with local school systems to buy its lifesaving EpiPens. The skyrocketing price of those auto-injection devices, used to counteract potentially fatal allergic reactions, has drawn intense criticism. The office of Attorney General Eric Schneiderman said it launched its probe after a preliminary review revealed Mylan might have inserted anti-competitive terms into its deals to sell EpiPens. Schneiderman's move came within hours of U.S. Sens. Richard Blumenthal, D-Conn., and Amy Klobuchar, D-Minn., asking the Federal Trade Commission to investigate whether Mylan violated federal antitrust laws. "As the cost of EpiPens skyrocketed, schools seeking relief turned to Mylan's 'EpiPen4Schools' program," Blumenthal's office said. "Some of these schools were required to sign a contract agreeing not to purchase any products from Mylan's competitors for a period of 12 months - conduct that can violate the antitrust laws." Schneiderman's probe also comes on the heels of news that Minnesota's attorney general, Lori Swanson, has asked Mylan to provide documents that would justify the company having raised the retail price of EpiPens more than 400 percent. "No child's life should be put at risk because a parent, school, or health-care provider cannot afford a simple, lifesaving device because of a drug-maker's anti-competitive practices," Schneiderman said.

Note: For more along these lines, see concise summaries of deeply revealing pharmaceutical corruption news articles from reliable major media sources.

In 2014, a man testified that Penn State football coach Joe Paterno ignored his complaints of a sexual assault committed by assistant coach Jerry Sandusky in 1976 when the man was a 14-year-old boy, according to court documents unsealed Tuesday. Four other former assistant football coaches at the school also were aware of Sandusky acting inappropriately with boys before law enforcement was first notified in 1998, according to testimony contained in the documents. The allegations suggest that Paterno may have been made aware of Sandusky’s actions far earlier than has previously been reported, and that knowledge of Sandusky’s behavior may have been far more widespread among the Penn State football staff than previously known. The trove of documents unsealed Tuesday came from a legal dispute between the university and an insurance company over the responsibility for nearly $93 million the school paid in settlements with victims. Additionally, the Paterno family is suing the NCAA for defamation and commercial disparagement; the NCAA is considering using some of the information released Tuesday in its defense. In the Penn State community, an alumni group is pushing for a bronze statue of Paterno to be restored on campus, and for the university to repudiate a 2012 report by former FBI director Louis Freeh that blamed Paterno, other university leaders and a “culture of reverence for the football program” for Sandusky’s rampant sexual abuse.

Note: Read more about how senior Penn State officials covered up Sandusky's crimes due to fears of bad publicity. Watch an excellent segment by Australia's "60-Minutes" team "Spies, Lords and Predators" on a pedophile ring in the UK which leads directly to the highest levels of government. A second suppressed documentary, "Conspiracy of Silence," goes even deeper into this topic in the US. For more along these lines, see concise summaries of deeply revealing sexual abuse scandal news articles from reliable major media sources.

No red flags were apparent when the Maine Board of Licensure in Medicine checked Dr. Jaroslav “Jerry” Stulc’s background in 2007. But within months of joining a hospital staff, the surgeon was accused of sexual misconduct. The hospital ... suspended him with pay. Then, while he was out, the hospital and medical board learned that Stulc previously had been suspended by a Kentucky hospital following allegations of sexual misconduct. Skirting federal rules, the Kentucky hospital hadn’t reported his suspension or subsequent resignation to the nationwide database established for hospitals and medical boards to share information on physician misconduct. Instead, just before Stulc applied for his Maine license, he and the hospital had agreed that he would voluntarily resign. The hospital wouldn’t mention the suspension ... to anyone who inquired. Such private agreements, along with legal loopholes and outright flouting of the law, are among the reasons the nationwide repository - the National Practitioner Data Bank - can leave patients and medical staff vulnerable, an Atlanta Journal-Constitution investigation found. Even when hospitals and medical boards file reports, they may classify violations in a way that conceals the scope of physician sexual misconduct. Because of such gaps, the AJC - in reviewing board orders, court records and news reports - found about 70 percent more physicians accused of sexual misconduct than the 466 classified as such in the public version of the data bank from 2010 to 2014.

Note: For more along these lines, see concise summaries of deeply revealing news articles on sexual abuse scandals and health.

The fast rise of Sen. Elizabeth Warren within the Democratic Party has coincided with another phenomenon: the continual use by elite-media journalists of anonymous sources in articles that either criticize Warren directly or warn other politicians about the dangers of embracing ... the policies she advocates. That journalistic trend manifested itself most recently on Monday, in a piece by Ben White in Politico that quoted fully five anonymous sources - including “one top Democratic donor,” “one moderate Washington Democrat” and “one prominent hedge fund manager” - to the effect that Hillary Clinton would be making a major misstep by selecting Warren as her running mate. Warren is an expert in bankruptcy and predatory lending and a leading critic of the financial industry. Is the “top Democratic donor” Politico quoted a self-interested executive at Citigroup or Goldman Sachs fearful that Warren would influence policy decisions? We’ll never know. Journalists in this way let powerful individuals take potshots without any fear of accountability and without the reader being able to discern what conflicts of interest might be involved. And when it comes to Warren in particular, pretty much any “administration official” or “political strategist” interested in advancing a narrative gets the anonymous treatment. The Intercept in short order compiled a list of 15 other articles and political newsletters over the last few years of the anonymously sourced, anti-Warren genre.

Note: The complete list of examples of anti-Warren propaganda articles is available at the link above. For more along these lines, see concise summaries of deeply revealing media manipulation news articles.

In April, the email in-boxes of energy executives filled with alerts from the nation’s top corporate law firms. The subject: the multistate investigation into whether Exxon Mobil committed fraud by publicly discounting the impact of fossil fuels on climate change. The investigations into whether their industry suppressed findings and misled investors, policymakers and the public about global warming not only raise the prospects of criminal charges, but add momentum to a legal campaign [comparable] to the decades-long battle against Big Tobacco. In April, a federal judge in Oregon ruled that a case against the U.S. government for inaction on climate change could proceed, explaining that “the alleged valuing of short term economic interest despite the cost to human life” required examination by the courts. Environmental lawyers have argued for years that governments and companies are legally obligated to reduce greenhouse gas emissions. They had little success, with the U.S. Supreme Court ruling in 2011 that the federal government alone had the power to control carbon emissions. But the recent entry of state prosecutors into the legal battle opens up a new line of inquiry: Did fossil fuel companies mislead their investors and the public on their own views on climate change and the risk it posed to their business? The recent legal rush follows the revelation last year that Exxon had engaged in climate change research in the 1970s and ’80s, and was warned by its own scientists of the growing threat.

Note: Read about the recent New York Attorney General's investigation into Exxon's climate change lies. For more along these lines, see concise summaries of deeply revealing climate change news articles from reliable major media sources.

In August 2015, Turing Pharmaceuticals and its then-chief executive, Martin Shkreli, purchased a drug called Daraprim and immediately raised its price more than 5,000 percent. Within days, Turing contacted ... PSI, a charity that helps people meet the insurance copayments on costly drugs. Turing wanted PSI to create a fund for patients with toxoplasmosis, a parasitic infection that is most often treated with Daraprim. Having just made Daraprim much more costly, Turing was now offering to make it more affordable. But this is not a feel-good story. It’s a story about why expensive drugs keep getting more expensive, and how U.S. taxpayers support a billion-dollar system in which charitable giving is, in effect, a very profitable form of investing for drug companies - one that may also be tax-deductible. PSI, which runs similar programs for more than 20 diseases, jumped at Turing’s offer. PSI is a patient-assistance charitable organization, commonly known as a copay charity. It’s one of seven large charities ... offering assistance to some of the 40 million Americans covered through the government-funded Medicare drug program. A million-dollar contribution from a pharmaceutical company to a copay charity can keep hundreds of patients from abandoning a newly pricey drug. Fueled almost entirely by drugmakers’ contributions, the seven biggest copay charities, which cover scores of diseases, had combined contributions of $1.1 billion in 2014. For that $1 billion in aid, drug companies “get many billions back” from insurers.

Note: For more along these lines, see concise summaries of deeply revealing pharmaceutical industry corruption news articles from reliable major media sources.

Say the name Bernie Madoff, and chances are everyone will immediately remember the Ponzi scheme that bilked investors of $64 billion. What likely won’t spring to mind is JPMorgan Chase’s role in the more than decadelong fraud. And the link is all the more egregious, Helen Davis Chaitman, an attorney who represents 1,600 of Madoff’s victims, and Lance Gotthoffer write in “JPMadoff: The Unholy Alliance Between America’s Biggest Bank and America’s Biggest Crook,” because the federal government has failed to prosecute any of the bankers involved. Madoff trustee Irving Picard laid out JPMorgan’s involvement in a complaint, which was turned into a list of stipulations the government entered as part of a deferred prosecution agreement with JPMorgan. The stipulations outline two violations of the Bank Secrecy Act, under which banks are responsible for alerting authorities to suspected illegal activity by customers. JPMorgan, the world’s sixth-largest bank by total assets, pleaded ignorance of wrongdoing but accepted the stipulations and paid a $1.7 billion fine. [When] Madoff began kiting checks ... Bankers Trust Co. spotted the illegal activity and closed Madoff’s account. That’s when Madoff moved his business to JPMorgan, depositing $150 billion from 1986 through 2008. JPMorgan handled only Madoff’s illegal investment advisory business, not the successful stock trading business that employed 190 of Madoff’s 200 employees. And though the bank was prosecuted, none of the bankers involved with Madoff’s account were.

Note: JP Morgan Chase's role in the Madoff scandal is outrageous, but it is relatively minor in comparison to the massive securities fraud and cover-up perpetrated by this and other corrupt financial institutions.

The Panama Papers affair has widened, with a huge database of documents relating to more than 200,000 offshore accounts posted online. The papers belonged to Panama-based law firm Mossack Fonseca and were leaked by a source simply known as "John Doe". The documents have revealed the hidden assets of hundreds of politicians, officials, current and former national leaders, celebrities and sports stars. They list more than 200,000 shell companies, foundations and trusts set up ... around the world. Offshore companies are not illegal but their function is often to conceal both the origin and the owners of money, and to avoid tax payments. 11.5 million documents [were] originally given to the German newspaper, Sueddeutsche Zeitung. The paper allowed the ICIJ to have access. Hundreds of journalists ... then worked on the data. Their reporting was published last month. On Monday, 300 economists signed a letter urging world leaders to end tax havens, saying they only benefited rich individuals and multinational corporations, while boosting inequality. Last week, "John Doe" issued an 1,800-word statement, citing "income equality" as his motive [for leaking the documents]. He said: "Banks, financial regulators and tax authorities have failed. Decisions have been made that have spared the wealthy while focusing instead on reining in middle- and low-income citizens." He revealed he had never worked for a spy agency or a government and offered to help law authorities make prosecutions in return for immunity.

Note: Explore an excellent webpage on how to use this database of the Panama Papers. For more along these lines, see concise summaries of deeply revealing news articles about financial industry corruption and income inequality.

Bechtel - a behemoth among closely held companies - has been the world’s builder, benefiting from vast government contracts for engineering and infrastructure work in difficult places while it nurtured relationships with power brokers in Washington. In The Profiteers, journalist Sally Denton seeks to unravel the history of Bechtel. Her story is one of “how a dynastic line of rulers from the same American family conducts its business” and how its system of networking now pervades US capitalism. Anecdotes of Bohemian Grove, the secretive retreat that became an all-male “summer camp” for US corporate, political and military elites to toast marshmallows, skinny-dip in the river north of San Francisco and dress in drag for skits, elucidate the chummy nature of big business. As of 2014, [Bechtel's] reported revenue was $37bn, with projects and employees in 37 countries. The corporation’s embrace of Saudi Arabia as a lucrative client and its decades-long and contorted experience in Iraq also makes sense of some aspects of US foreign policy - as well as its intelligence-gathering operations. The life and times of John McCone, a former Bechtel executive who later served as CIA director in the US administrations of Presidents Kennedy and Johnson, is chronicled deftly here. It is worth noting: McCone was and is critical to Bechtel’s dominance today. He devised the idea of “cost-plus contracts” for the toughest jobs sought by government. Contractors are guaranteed a profit in such deals.

Note: Bechtel was at the center of a major Iraqi reconstruction scandal in 2007. More recently, major defense contractors have been publicly congratulating themselves for steering US policy towards militarism. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the corporate world.

Important Note: Explore our full index to revealing excerpts of key major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.