Starkist’s practices risk shareholder investment
by James Mitchell
Fishermen know that in order to have fish for the future, they need to let small fish to grow into bigger ones. Similarly, the CEOs of a fishing companies should know that in order to have the business survive in the long run, they must ensure that their fleets are fishing within a sustainable limit. But for Starkist, and its parent company Dongwon Industries, that important lesson has been elusive. Dongwon has been,
- Linked to illegal fishing;
- Brought to court for allegations of defrauding the U.S. government;
- The wrongful death of a member of a fishing crew;
- Crew abuse at sea, and;
- Charges of serious pollution at sea.