Cerberus Capital: Literally Blood-Sucking the Poor to Make Their Billions | Corporate Accountability and WorkPlace | AlterNet

Normally when people moan about blood-sucking corporations it's not as literal as this story. Cerberus Capital, one of Wall Street’s most notoriously ruthless leveraged-buyout firms made a $1.8 billion profit from buying, and the later selling, the company named Talecris. Talecris engages in buying blood plasma from plasma donors, then producing and selling products from that plasma.

Theoretically buying and selling companies is part of the free market, right? Wall Street financiers should be just as free as anybody else to buy any company they like, make corporate changes to refurbish the company, and then sell the company. It's just like when the car addict down the street continually buys and resells cars, but in the case of financiers buying and selling companies there are peoples lives at stake along with the products and services operated by those companies.

Cerberus Capital paid $82.5 million for Talecris and later sold the company for $1.8 billion. Quite a profit, eh? They must be real smart. Or extremely ruthless. According to the alternet article: "They did it by the most savage, heartless means possible: by paying peanuts to their impoverished human plasma donors, who increasingly come from Mexican border towns to blood-pumping stations set up on the American side, jacking up the price of plasma by restricting supply , and then selling the refined products to the most desperately ill, patients suffering from hemophilia, severe burns, multiple sclerosis, and autoimmune deficiencies."

Cerberus Capital has a long and shady record. For example they bought Chrysler and GMAC, drove both companies into the ground, arranged for tens of billions in government bailout funds, bleah. The corporate management is a who's who of "free market" leaning Republican insiders such as former Treasury Secretary John Snow and former Vice President Dan Quayle.

Sometimes I think the "free market" people simply want less government regulation so they can have more freedom to screw everybody. That's what has happened in this case.

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Cerberus Capital: Literally Blood-Sucking the Poor to Make Their Billions | Corporate Accountability and WorkPlace | AlterNet

CNN.com - McDonald's sued over fries ingredients - Feb 19, 2006

Seems that McDonalds just doesn't get any respect. People complain about them, how their food is causing an epidemic of fatty Americans, the amount of waste products that come from McDonalds, etc. And, now, it's the ingredients of their french fries.

Well, if McDonalds were a responsible corporation they might not be so badly beat up over what they do.

Now, about the french fries. They've quietly begun adding both wheat and milk products to the fries. And now they're getting sued.

Wheat is a problem for someone who has Celiac disease. Celiac disease is an intolerance to gluten, gluten being a protein contained in wheat and some other grains. Celiac disease can be life threatening.

Milk products are a problem for vegans (vegitarians who also avoid dairy products) and for people with lactose intolerance.

McDonalds admits it adds wheat and milk products to its french fries. And has a notice about this on their web site.

Where? On their web site??? So, let's see, you're in a McDonalds somewhere looking at the menu. Hmm, french fries aren't supposed to contain wheat, nor are they likely to contain animal products ... so you can easily see how celiacs or vegans would buy french fries only to be surprised later. And where is their warning? On a web site? yeesh

There's a principle being violated here. That is the "principle of least surprise". Least surprise means that when you're looking at some object, that it should do/be pretty much what it looks like it does.

An example might be a plastic lapel flower, that looks real. Your friend might lean over to sniff the flower, and then be surprised when you squeeze the hidden water bulb that squirts them in the face.

While the principle of least surprise can be a great joke, it can also be life threatening. For example what if someone were to rig their stove so it turns on the gas when you flip a light switch on the wall. Someone else could innocently look at the light switch, want some light, flip the switch, and curse when the light doesn't come on and start hunting for a new light bulb. In the meantime the kitchen is filling with gas, which could lead to a deadly explosion.

The same kind of surprise is here with these french fries. And it's not just french fries, but all sorts of food items have surprising ingredients. I have a mild gluten intolerance and in my hunt for gluten free foods I longingly look at the corn bread mixes in the store. But often as not, the ingredients list for corn bread has wheat as the first ingredient. Corn bread containing wheat???

At least in this case the principle of least surprise is easily alleviated because of the ingredients list on the box. In the case of the McDonalds french fries the ingredients list is inconveniently on a web site, far away from the person in line getting ready to make their order.

Source: McDonald's sued over fries ingredients