Wednesday, September 21, 2016

The Triple-A Championship is Named After Underpants

The Triple-A National Championship our boys won last night is actually The Gildan Triple-A National Championship, its naming rights held by a Canadian manufacturer of boxer shorts you have to dry clean made by starving Haitians under "some of the harshest working conditions anywhere in the global apparel industry." Their workers in Honduras and the Dominican Republic endure similar treatment.

Predictably, the company thinks as little of the tax collector as of the seamstress. According to the Toronto Star:
[Gildan] has declared more than $1.3 billion (U.S.) in income over the last five years but has paid only $37.9 million in tax, according to its corporate annual reports. That is the equivalent of a 2.8 per cent annual tax rate.
Glenn Chamandy, president and CEO, told the Globe and Mail he long ago adopted his grandfather's motto: “In business, you don’t make money, you save it.” 

Funnily enough, Gildan has been ranked by Maclean's Magazine as one of their Top 50 Socially Responsible Corporations as recently as 2014. 

Our congratulations go out once again to the RailRiders, the Yankees and Minor League Baseball!

1 comment:

John M said...

It's nice to know that Canadians can be just as greedy, venal and amoral as American businesspeople.

Good neighbors.