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Begin New Search Topic Multinational Corporations Author Christopher McKenna

1. Gossip, Corporate Reputation, and the 1905 Life Insurance Scandal in New York

Author:
Oenone Kubie, Rebecca Orr, Mara Keire, and Christopher McKenna
Publication Date:
12-2019
Content Type:
Case Study
Institution:
Oxford Centre for Global History
Abstract:
On the evening of 31 January 1905, six hundred of the richest and most powerful members of New York society descended on Sherry’s Hotel dressed in extravagant costumes designed to resemble the court of the French King, Louis XV. The wealth on display was astounding. Pearls, emeralds, turquoise, and diamonds abounded. Mrs Potter Palmer, the queen of Chicago society, appeared dressed in a diamond tiara, diamond choker, and diamond breastplates. Mrs Clarence Mackay, wife of the chairman of the Postal Telegraph Company and a suffragist, wore a gold and turquoise crown and the train of her dress was so long, that despite the help of her two pages, she was forced to sit out the dancing.
Topic:
International Trade and Finance, History, Capitalism, and Multinational Corporations
Political Geography:
United States, New York, France, and Global Focus

2. Nestlé’s Corporate Reputation and the Long History of Infant Formula

Author:
Lola Wilhelm, Oenone Kubie, and Christopher McKenna
Publication Date:
11-2019
Content Type:
Case Study
Institution:
Oxford Centre for Global History
Abstract:
The demand for infant formula in Australia is insatiable. Bare shelves have led supermarkets and chemists to ration sales, limiting the quantity customers can buy in a single transaction. But it’s not Australian parents fuelling the formula shortages. A high proportion, between fifty and ninety percent, of all Australian infant formula is exported to China. The situation has created tensions between the two countries. Australian shoppers complain of Chinese daigou (personal shoppers) buying formula before it is even stacked on shelves and stripping supermarkets in teams of people. In April 2019, eight people were arrested in Australia for stealing over a million dollars of infant formula in Sydney to sell in China. Two months later, Chinese military personnel were photographed loading boxes of formula onto a Chinese warship before departing Sydney Harbour.
Topic:
Economics, Globalization, International Trade and Finance, History, Capitalism, and Multinational Corporations
Political Geography:
China, Australia, and Global Focus

3. Union Cold Storage and the Birth of Multinational Tax Planning, 1897-1922

Author:
James Hollis and Christopher McKenna
Publication Date:
01-2019
Content Type:
Case Study
Institution:
Oxford Centre for Global History
Abstract:
Today’s corporate managers know that while tax planning may improve the bottom line, it also carries a downside in terms of reputational risk. The past decade has seen the rise of a phenomenon dubbed “tax shaming,” with legislators, activists and the popular press condemning multinationals for participating in “aggressive” or “unethical” tax avoidance. This campaign has occasionally been associated with dramatic changes in corporate policy. In 2012, for example, the global coffee chain Starbucks announced that it was voluntarily increasing its tax payments in the United Kingdom. And the following year, one of Britain’s leading banks, Barclays, closed down its profitable tax structuring division, citing the hostile political climate. Advocates of corporate social responsibility (CSR) promote the idea of a moral dimension to tax compliance, although it remains to be seen whether firms that consciously adopt an ethical approach to tax obligations will outperform their rivals. Some skeptics dismiss the CSR agenda as a public relations exercise; others regard it as a potential threat to legal certainty or economic competitiveness. A few practitioners even claim that “tax shaming” is a dangerous step towards “taxation by mob rule.”
Topic:
History, Capitalism, Ethics, Business, Multinational Corporations, and Risk
Political Geography:
Global Focus