Despite the expenditure of $2 billion that 
Exxon made after the most infamous 1989 oil spill, off the Alaskan coast (perhaps the biggest environmental disaster at sea, which is considered by the US government as the largest spill in US history), the company’s stock met only minor hiccups – and that too because of the unforeseen expenditure rather than because of the disaster caused – before recovering. Similarly, when the US oil giant Texaco pulled out of Ecuador in 1992, it had contaminated close to 18.5 billion gallons of groundwater and had poisoned rivers and streams on which the indigenous population depended. Stock price effects? Belligerently positive!
For Complete IIPM Article, Click on IIPM Article
Exxon made after the most infamous 1989 oil spill, off the Alaskan coast (perhaps the biggest environmental disaster at sea, which is considered by the US government as the largest spill in US history), the company’s stock met only minor hiccups – and that too because of the unforeseen expenditure rather than because of the disaster caused – before recovering. Similarly, when the US oil giant Texaco pulled out of Ecuador in 1992, it had contaminated close to 18.5 billion gallons of groundwater and had poisoned rivers and streams on which the indigenous population depended. Stock price effects? Belligerently positive!For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
is getting attractive with every passing day. Reliance Industries is planning to launch its home solutions retail venture by end 2007. The Rs30 billion venture will have a chain of 100 standalone specialised home solution outlets. To be rolled out by Reliance Retail (the retail arm of Reliance) these outlets will have a space of 40,000- 60,000 sq ft . Though the name is yet to be decided, the format of these outlets would be shops in shops within Reliance’s hypermarkets. The first hypermarket to be opened in August would be at Ahmedabad while the second would come up two months later in Jamnagar. The next big activity in the retail space is the predicted acquisition of Piramyd Retail by the Aditya Birla Group. The Group had already acquired Trinethra Retail, in beginning this year. Piramyd Retail has seven Piramyd lifestyle outlets and around fourteen Trumart grocery shops around the country.
