Karma

Is 2010 the Year of Karma for Corporations?

by Minority Fortune

We’re just at the beginning of the year, and we’ve already heard news of big corporations being dealt big blows in terms of revenue. It’s about time that these mega corporations start feeling the burn that has already affected the majority of its consumers. It goes to show what goes around, truly comes around.

Chrysler’s Low Sales

Automakers have been running a tight ship for some time now. They’ve had to resort to closing down factories, laying off workers, and outsourcing tasks. These kinds of dire conditions would force any executive in their right mind to fly to DC in their corporate jets and ask for money, right? Well, it seemed to work, and they were granted their saving grace moolah. However, they have a daunting task ahead of them with proving that they provide value to their customers and can save the company.

For Chrysler at the moment, things aren’t looking so hot. They’ve experienced a big drop in sales for the year. Car Advice reports on the situation:

Posting its worst sales figures in 47 years, the iconic US brand has seen sales of less than one million units (931,000) in 2009, a number last seen in 1962. The figure represents a 36 per cent year-on-year fall.

A year later, with all of their bailout money, the ball continues to drop. Yes, we understand that change takes time, but unless Chrysler delivers cutting edge vehicles at competitive prices, it’ll be game-over for them. We just don’t like to see companies use their employees up and dispose of them when money sales dip while retained executives rake in big compensation packages and fly around the world in gas guzzling private jets.

Monsanto’s Big Loss


Monsanto has experienced a 36% dip in herbicide sales for the year. This is sweet music to our ears. The Wall Street Journal reports the good news:

Monsanto’s $19 million for the quarter ended Nov. 30 amounted to three cents a share. It compares with a profit of $556 million, or $1 a share, a year earlier. The company last month forecast a loss of as much as five cents a share.

Revenue fell 36% to $1.7 billion. Analysts polled by Thomson Reuters had forecast $1.98 billion.

This biochemical company represents the apex of corporate evil, greed, and a monopoly, as they dominate 90% of the seed industry in the US. They’ve been linked to monopolistic practices, deregulating the agricultural industry, getting their employees in office in Congress, robbing the livelihood of farmers around the world, and even responsible for the massive suicides of an estimated 1200+ in India.

So please believe it when we say we hope this trend continues for this company.

Conclusion:

Consumers are waking up. They’re opting to pay themselves first and only purchase things that add value to their lives. They’re beginning to see beyond the shiny packaging and false promises these companies are making. May 2010 be the Year of Awakening for consumers and the Year of Karma for Big corporations and Banking Institutions. Attention big banks, we hope you’re next.

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