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A New Corporate America A Family PortraitCasey Hayden, Tom Hayden, Jane Fonda and Ted Turner

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PBS news stories on AOL Time Warner, 2000-2004. Forbes Magazine 'Corporate Scandal Sheet' ... 'Coordinated' Halliburton Deal' Headline, May 31, 2004. A ' ... – PowerPoint PPT presentation

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Title: A New Corporate America A Family PortraitCasey Hayden, Tom Hayden, Jane Fonda and Ted Turner


1
A New Corporate America / A Family
PortraitCasey Hayden, Tom Hayden, Jane Fonda
and Ted Turner
  • History 203
  • June 4, 2007

2
Announcements
  • The final exam questions and instructions are now
    on line at www.uoregon.edu/dapope/203final--sp07.
    htm. This contains instructions for both
    optionstake-home and in-class. Ill have hard
    copies available on Wednesday.
  • For the assignment on Hard Line, the book about
    the US-Mexican border, see notes here. The book
    is required reading, except for chapters 2, 7 and
    pp.179-196 of chapter 9, which are optional but
    recommended. You will be tested on the book on
    the final exam.
  • Discussion sections today and Wednesday will be
    devoted to final exam review and student course
    evaluations.
  • Oil crisis papers will be returned in lecture
    class on Wednesday.

3
Some Websites of Interest
  • PBS news stories on AOL Time Warner, 2000-2004
  • Forbes Magazine Corporate Scandal Sheet
  • Los Angeles Times prize-winning articles on
    Wal-Mart.
  • www.walmartstores.com
  • www.enron.com
  • www.tedturner.com

4
From Reaganomics to Extreme Capitalism
  • The Deregulation Drive
  • My goal is to cut government in half in
    twenty-five years, to get it down to the size
    where we can drown it in the bathtub.Grover
    Norquist, head of Americans for Tax Reform
  • The End of the Invisible Handshake
  • Workers as Free Agents
  • Search for Low-Cost Labor
  • Unions under Siege
  • The Fraying of the New Deal Safety Net
  • Ending Welfare as We Know ItBill Clinton and
    Welfare to Work
  • Toward Social Insecurity?
  • Paradoxes of American health care

5
Wealth and Income Trends
  • Average net worth of Forbes 400 richest
    families
  • 1982 396 million
  • 2006 3000 million (3 billion)
  • Top 1 share of total U.S. Corporate Wealth
  • 1991 38.7 1997 57.5
  • Ratio of income of top fifth/bottom fifth
  • Japan 4.3
  • Germany 5.8
  • Canada 7.1
  • USA 11.0
  • In 2006 the 25 top managers of investment hedge
    funds earned a total of 14 billion. Each man
    (they were all men) earned at least 240 million.
  • In 2005, the top 300,000 income earners made as
    much the bottom 150,000,000 Americans.

6
Wealth and Corporate Power
  • Corporate Mobility in a Globalized World
  • Money and Politics
  • The Governmental Revolving Door
  • Privatization
  • Media Concentration

7
A Revolving Door Example
  • J. Steven Griles worked in the Department of the
    Interior as a regulator of coal mining in the
    1980s
  • In the 1990s, he was a lobbyist for large coal,
    oil and electric utility corporations
  • In 2001 he returned to the Bush administration as
    the Deputy Secretary of the Interior under an
    arrangement where he received over 250,000 a
    year from his lobbying firm.
  • He resigned in 2004. Convicted lobbyist Jack
    Abramoff had offered him another lobbyist
    position in exchange for help for Abramoffs
    clients. This spring, Griles pled guilty to
    perjury charges and will be sentenced later this
    month.

8
Wal-Mart and the American Dream
  • Sam Waltons Dream
  • "We're all working together that's the secret.
    And we'll lower the cost of living for everyone,
    not just in America, but we'll give the world an
    opportunity to see what it's like to save and
    have a better lifestyle, a better life for all.
    We're proud of what we've accomplished we've
    just begun."
  • - Sam Walton (1918-1992)
  • From Bentonville, Arkansas to Global Giant
  • Low Prices Every Day
  • Sam Walton and the Ten-Foot Attitude
  • Wal-Mart Today
  • 4022 Stores in the U.S.A.
  • 2760 Stores Internationally
  • 1.8 million employees (associates) worldwide
  • 345 billion sales in latest fiscal year

9
Left Wal-Mart Distribution Center, Bentonville,
Arkansas Top Right Sam Walton, 1986 Bottom
Right His First Store, now a Wal-Mart Visitors
Center
10
Wal-Marts Dimensions
  • Some Numbers
  • Visits to Wal-Marts in a Week 176 million
  • Largest Wal-Mart Store 260,514 square feet (
    almost five football fields)
  • Bentonville Distribution Center 1,200,000 square
    feet ( 7 major league baseball stadiums)
  • In last six years, Wal-Mart has created one out
    of every eight new jobs in Mexico

11
Wal-Mart Issues
  • Wal-Mart and Communities
  • Sprawl Controversies
  • Impact on Other Retailers
  • Wal-Mart and Labor
  • Staying Non-Union
  • Workers as Associates
  • Wal-Mart and Other Workers
  • Wal-Mart and Globalization
  • Wal-Mart is already the largest retailer in
    Canada and Mexico.
  • Wal-Mart sales are larger than the Gross Domestic
    Product of Belgium and of Bangladesh.
  • From Buy American to Global Importing
  • Sam Walton 1984 Our Wal-Mart Company is firmly
    committed to the philosophy of buying everything
    possible from suppliers who manufacture their
    products in the United States.
  • Suppliers in 70 countries around the world
  • Some nations have sent ambassadors to Wal-Mart
    headquarters in Arkansas.

12
A Short, Confusing History of Enron
  • Feb. 2001 Fortune Magazine names Enron most
    innovative company in Americafor the sixth
    straight year
  • Energy Politics/Energy Economics/Energy Crimes
  • From Gas Pipelines to Accounting Mirages
  • Deregulation and Energy Trading
  • California 2001 Energy Crisis Manufacturing
    Shortages
  • WASHINGTON Enron Corp. employees spoke of
    "stealing" up to 2 million a day from California
    during the 2000-01 energy crisis.Los Angeles
    Times, May 18, 2004

George W. Bush and Ken (Kenny Boy) Lay
13
Enron and Beyond
  • The Significance of Enron
  • Conflicts of Interest
  • Accountants as Consultants
  • Executives and Private Partnerships
  • The Spread of Scandal
  • The Business/Politics Connection

Top Former Enron CEO Jeffrey Skilling Bottom
Former Enron Chief Financial Officer Andrew Fastow
14
Corporate Scandals and Corporate Accountability
Cheney Office 'Coordinated' Halliburton Deal
Headline, May 31, 2004
15
A Family Portrait
  • Casey Hayden (Sandra Cason) in 1961 marries
  • Tom Hayden, who in 1973 marries
  • Jane Fonda, who in 1991 marries
  • Ted Turner (divorced 2001)

16
Left Tom Haydens memoir of the 60s top right,
Hayden and Fonda at protest rally Lower right
Fonda and Turner. (No photo of Casey Hayden was
available.)
17
  • Sandra Cason
  • Grassroots activismU. Texas and SNCC
  • A life of political and cultural radicalism
  • Tom Hayden
  • Students for a Democratic SocietyPort Huron
    Statement (1962)
  • From the streets to the California state
    legislature

18
Hayden Reflects on the Sixties in 200240 Years
after the Port Huron Statement
  • Perhaps the most important legacy of the Port
    Huron Statement is thefact that it introduced
    the concept of participatory democracy topopular
    discourse and practice It proved to be a
    contagious idea,spreading from its academic
    origins to the very process of movement
    decision-making, to the subsequent call for
    women's liberation. These participatory
    practices, which had their roots in the town
    hall, Quaker meetings, anarchist collectives and
    even sensitivity training, are carried on today
    in grassroots movements such as the one against
    corporate globalization. The strength of
    organizations like the early SDS or SNCC, or
    today's Seattle-style direct-action networks, or
    ACT UP, is catalytic, not bureaucratic
  • Perhaps the two strands--the grassroots radical
    democratic thrust and the need for an
    organization with a program--can never be fused,
    but neither can one live without the other.

19
Jane Fonda
  • From sex symbol to radical activist
  • From Hanoi Jane back to Lady Jane

20
Fake picture circulating on the internet,
2004 The picture was created by merging two
different photographs taken at two completely
different times and places.
21
Ted Turner
  • Captain Outrageous
  • I was into cable when cable wasnt cool.
  • Superstations
  • CNN
  • Global Media/Global Philanthropy
  • One Billion Dollar Donation to U.N., 1997

22
A Corporate Family Portrait
  • 1976 Ted Turner puts his Atlanta TV station
    signal on a satellite for national cable
    distribution
  • 1980 Turner launches CNN
  • 1989 Steve Case begins America On Line
  • Time Inc. and Warner Communications (movies,
    music) merge
  • 1996 Time Warner and Turner Broadcasting merge
  • 1999 AOL acquires Netscape (first successful web
    browser)
  • 2001 AOL and Time Warner Merge--111 billion
    deal is largest corporate merger in history at
    the time
  • Jan. 2003 AOL Time Warner announces a 45
    billion loss in previous quarter. Ted Turner
    resigns as Vice Chairman. Company changes its
    name to Time Warner Inc.

23
Richard Parsons CEO of AOL Time Warner
24
Some themes in the family portrait
  • Politics, Entertainment and Business
  • Entertainment as Politics
  • From grass-roots activism to global media
  • Celebrity in Contemporary America
  • The celebrity is a person who is known for his
    well-knownness.Daniel Boorstin, historian
  • The Myth of the Liberal Media and the Growth of
    Media Concentration
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