The Corporation

:52:01

As far as Wal-Mart
goes and Kathy Lee

:52:04

pretty much everything returned
to sweatshop conditions

:52:06

but because this was fought out
on television for weeks

:52:10

this incident with Kathy Lee
Gifford actually

:52:12

took the sweatshop issue

:52:13

took every single part
of the country.

:52:15

And so frankly
after that

:52:17

there’s hardly a single
person in this country

:52:18

who doesn’t know
about child labour

:52:19

or sweatshops or
starvation wages.

:52:41

So what wanted to do is
to look at the very roots

:52:46

of the legal form that
created this beast

:52:51

and wanted to think who
can hold them accountable.

:52:55

They’re not
graven in stone.

:52:57

They can be dismantled.

:52:58

And in fact most
states have laws

:53:01

which require that
they be dismantled.

:53:06

For too long now

:53:07

giant corporations
have been allowed

:53:09

to undermine democracy here
in the United States

:53:12

and all over the world.

:53:14

But today the lnn National
Lawyer's Guild

:53:15

and 29 other groups
and individuals

:53:17

are fighting back.

:53:19

We are calling upon State
Attorney General Dan Lungren

:53:22

to comply
with California law

:53:25

and to revoke
the corporate charter

:53:27

of the Union Oil
Company of California

:53:30

for its repeated
and grievous offences.

:53:33

This is the statute
that is well-known.

:53:35

It has been used.

:53:36

It can be used.

:53:37

What this will mean
is the dissolution

:53:40

of the Union Oil Company
of California

:53:43

the sale of its assets
under careful court orders

:53:46

to others who will carry
on in the public interest.

:53:51

This is nothing more
than a smear campaign.

:53:53

This company has been part
of California’s economy

:53:57

for over 100years
thousands of jobs.

:53:59

Doesn’t mean it's never
made any mistakes