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123-496: Maple Leaf Foods Inc. is a Canadian multinational consumer-packaged meats and food production company. Its head office is in Mississauga , Ontario . Maple Leaf Foods is the result of the 1991 merger between Canada Packers and Maple Leaf Mills. Canada Packers was founded in 1927 as a merger of several major Toronto meat packers , most prominently William Davies Company and was immediately Canada's largest food processor ,

246-512: A prime minister cannot judge on this issue." On 11 January, Iran admitted it had shot down the Ukrainian jet by "accident", the result of human error. General Amir Ali Hajizadeh , the head of the IRGC's Aerospace Force , said his unit accepts "full responsibility" for the shootdown. In an address broadcast by state television, he said that when he learned about the downing of the airplane, "I wished I

369-515: A CFIA manager and an official from the union that represents the federal inspectors. At the Maple Leaf plant behind the Listeria outbreak, a single federal inspector was relegated to auditing company paperwork and had to deal with several other plants, the manager and the union official said, contradicting the impression that officials had left the week before that full-time watchdogs were on-site. Under

492-766: A basis in a national ethos , being ultimate without a specific nationhood, and that this lack of an ethos appears in their ways of operating as they enter into contracts with countries that have low human rights or environmental standards . In the world economy facilitated by multinational corporations, capital will increasingly be able to play workers, communities, and nations off against one another as they demand tax, regulation and wage concessions while threatening to move. In other words, increased mobility of multinational corporations benefits capital while workers and communities lose. Some negative outcomes generated by multinational corporations include increased inequality , unemployment , and wage stagnation . Raymond Vernon presents

615-439: A class-action bread price fixing lawsuit. In May 2022, Michael McCain announced that he would become executive chairman and hand over CEO responsibilities to Curtis Frank by the 2023 annual meeting. On 11 May 2023, Curtis Frank was appointed as CEO. Saskatoon , Saskatchewan , is the headquarters of Mitchell's Gourmet Foods, formerly known as Intercontinental Packers, which produces the "Olympic Fine Meats" line of products and

738-498: A corporation invests in a country in which it is not domiciled, it is called foreign direct investment (FDI). Countries may place restrictions on direct investment; for example, China has historically required partnerships with local firms or special approval for certain types of investments by foreigners, although some of these restrictions were eased in 2019. Similarly, the United States Committee on Foreign Investment in

861-429: A free market system where there is little government interference. As a result, international wealth is maximized with free exchange of goods and services. To many economic liberals, multinational corporations are the vanguard of the liberal order. They are the embodiment par excellence of the liberal ideal of an interdependent world economy. They have taken the integration of national economies beyond trade and money to

984-487: A million troops to help, and by February 1991, Iraqi forces were expelled from Kuwait. Due to the oil boycott from Kuwait and Iran, oil prices rose and quickly recovered. Saudi Arabia once again led OPEC, and thanks to assistance in defending Kuwait, new relations emerged between the USA and OPEC. Operation "Desert Storm" brought mutual dependence among the main oil producers. OPEC continued to influence global oil prices but recognized

1107-448: A phone call with Canadian foreign minister François-Philippe Champagne . On 20 July, the examination of the recorders started in Paris. On 8 January, Iran's Road and Transportation Ministry released a statement that the aircraft burst into flames after a fire started in one of its engines, causing the pilot to lose control and crash into the ground. The airline opined that pilot error

1230-486: A residential area in Parand, a suburb west of the airport. Bellingcat also examined photos from an unknown source and said these images of a missile nose cone had yet to be verified, despite claims from several sources. The Tor missile 's warhead is located in its midsection, meaning its nose may not be destroyed in an explosion. Similar photographs of fragments have been taken in eastern Ukraine, but none have been found to be

1353-424: A series of tweets from the company Twitter account. McCain, who has been noted by media as "a role model for crisis management" , was lauded by some, for his "humanity", and criticized by others, for supplanting shareholder primacy , as reactive calls for a boycott of the company impacted stock prices. In February 2021, the company admitted in a management report that it was target of an "ongoing investigation by

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1476-660: A shootdown was one of the "main working theories", while Iranian authorities denied this, stating that allegations of a missile hit were " psychological warfare ". British defence officials agreed with the American assessment of a shootdown. Prime Minister of Canada Justin Trudeau said evidence from multiple sources, including Canadian intelligence, suggested the aircraft was shot down by an Iranian missile. He added that "this may well have been unintentional". Iranian media described it as "an American lie", "a wrongful scenario by CIA and

1599-402: A single country. According to Ukrainian foreign minister Vadym Prystaiko and a flight manifest released by UIA, out of the 167 passengers, 82 were confirmed to be Iranian citizens, 63 were Canadian, 3 were British, 4 were Afghan, 10 were Swedish, and 3 were German. Eleven Ukrainians were also on board, nine of them crew members. The German Foreign Ministry denied any Germans were aboard;

1722-615: A special licence from the Treasury and the State Departments to travel there. On 9 January, media reports showed bulldozers being used to clear the crash site. Some aircraft investigation experts expressed concerns about disturbing and damaging the crash site before a thorough investigation could be conducted. Iran denied bulldozing the evidence. On 10 January, the Iranian government granted Ukrainian investigators permission to investigate

1845-533: A spokesman for Iran's Road and Transportation Ministry, said the pilot "lost control of the plane" after a fire broke out in one of its engines, denying the Ukrainian plane was hit by a missile. On 9 January, a video was posted on a public Telegram channel showing what was, according to Bellingcat , apparently a mid-air explosion. The New York Times contacted the person who filmed the video and confirmed its authenticity. An investigation team from Bellingcat carried out an analysis of this video and geolocated it to

1968-529: A statement of condolence to those affected by the outbreak. The public health agency also said a further 30 suspected cases remain under investigation. On 27 August 2008, The Globe and Mail reported a leaked Conservative cabinet document which outlined plans for the Canadian Food Inspection Agency to give the food industry a greater role in the inspection process. However, some of the plans had been in place since 31 March 2008 according to

2091-456: A title it would hold for the next sixty years. Already in the 1930s, it used the brand name Maple Leaf along with Klik and Kam for its pork products, its main business, with its massive operations for processing hogs for exporting to the United Kingdom helped Toronto earn its nickname "Hogtown". Moving into western Canada it became Canada's largest beef slaughterer. In 1944, it also entered

2214-507: Is also one of Canada's largest agribusinesses , owning poultry and hog farms across the country. The main slaughterhouse is located in Brandon, Manitoba . As the result of a series of divestitures culminating with the 2014 sale of the bakery division ( Canada Bread Company), Maple Leaf today now only produces and sells fresh and packaged meats, as well as plant-based protein products via its acquisition of Lightlife and Field Roast. In late 2018,

2337-410: Is often handled through international arbitration . The actions of multinational corporations are strongly supported by economic liberalism and free market system in a globalized international society. According to the economic realist view, individuals act in rational ways to maximize their self-interest and therefore, when individuals act rationally, markets are created and they function best in

2460-537: Is one of Canada's largest meat processors, employing more than 1,400 Saskatonians. Originally established in Saskatoon in 1940 by Fred Mendel as Intercontinental Packers, the business concentrated on canned meat products sold into the US and bacon for Britain during the war years. In 1998, the family-run business changed its name to Mitchell's Gourmet Foods. In 1999, an alliance was formed with Schneider Corporation, and eventually

2583-865: Is usually a large corporation incorporated in one country that produces or sells goods or services in various countries. Two common characteristics shared by MNCs are their large size and centrally controlled worldwide activities. MNCs may gain from their global presence in a variety of ways. First of all, MNCs can benefit from the economy of scale by spreading R&D expenditures and advertising costs over their global sales, pooling global purchasing power over suppliers, and utilizing their technological and managerial experience globally with minimal additional costs. Furthermore, MNCs can use their global presence to take advantage of underpriced labor services available in certain developing countries and gain access to special R&D capabilities residing in advanced foreign countries. The problem of moral and legal constraints upon

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2706-809: The Dutch East India Company (VOC) founded in 1602. In addition to carrying on trade between Great Britain and its colonies, the British East India Company became a quasi-government in its own right, with local government officials and its own army in India. Other examples include the Swedish Africa Company founded in 1649 and the Hudson's Bay Company founded in 1670. These early corporations engaged in international trade and exploration and set up trading posts. The Dutch government took over

2829-531: The Government of Iran admitted that the IRGC had targeted Flight 752 after mistakenly identifying it as an American cruise missile . The announcement triggered another wave of Iranian anti-government protests (part of the larger 2019–2020 Iranian protests ), calling for the removal of Supreme Leader Ali Khamenei . The disaster occurred amid a heightened political crisis in the Persian Gulf, four hours after

2952-646: The Islamic Revolutionary Guard Corps (IRGC) shortly after takeoff, killing all 176 occupants on board. Missiles were fired at the aircraft by the IRGC amidst heightened tensions between Iran and the United States . The incident occurred five days after the United States carried out the assassination of Qasem Soleimani and some hours after Iran retaliated with Operation Martyr Soleimani , in which

3075-635: The tanning industry with the acquisition of Beardmore & Co . Canada Packers diversified into other food products including ice cream, cheese, and canned and frozen fruits and vegetables, by 1950 marketed under the York brand. In 1975, it was listed as the 14th largest business in Canada. During the 1980s, Canada Packers began to suffer. It closed some facilities, including its tannery. It moved into other markets, acquiring well-known brands such as Squirrel peanut butter and Black Diamond cheese . Maple Leaf Mills

3198-650: The 19th century, such as the Rio Tinto company founded in 1873, which started with the purchase of sulfur and copper mines from the Spanish government. Rio Tinto, now based in London and Melbourne , Australia, has made many acquisitions and expanded globally to mine aluminum , iron ore , copper , uranium , and diamonds . European mines in South Africa began opening in the late 19th century, producing gold and other minerals for

3321-453: The 2008 recall of Maple Leaf Foods products due to listeriosis contamination, another recall was ordered on nine wiener products. Brands affected were Hygrade, Shopsy's and Maple Leaf at its plant in Hamilton, Ontario, due to the possibility that they may have contained traces of Listeria monocytogenes . No cases of listeriosis related to this recall were confirmed. In 1996, Maple Leaf Bakery UK

3444-582: The Boeing 737 Next Generation fleet, and the second deadliest of the entire Boeing 737 family behind Lion Air Flight 610 . There were 167 passengers and 9 crew members on the flight. According to Iranian officials, 146 passengers used Iranian passports to leave Iran, 10 used Afghan passports , 5 used Canadian ones , 4 used Swedish ones , and 2 used Ukrainian passports . There is some disagreement with other sources over this accounting of nationalities, possibly because some passengers were nationals of more than

3567-615: The British Hillsdown Holdings , which already owned Maple Leaf Mills, through a complex transaction in which Canada Packers purchased Maple Leaf Mills in exchange for its own shares. In 1991, the combined company was renamed Maple Leaf Foods . The firm thus included a large bread division, best known for the Dempster's brand. During restructuring efforts led by David Newton as CEO and Lewis Rose as CFO, it sold or closed most of its slaughterhouses . These measures were successful and

3690-642: The Competition Bureau into the Canadian bread industry, including alleged price fixing and related securities disclosure issues." The company also noted in the management report that "Unfavourable resolution of these or other legal matters could have a material adverse effect on the Company, its financial condition and its reputation". In 2021, the company was named, with former subsidiary Canada Bread and its current parent company, Grupo Bimbo, and others, as defendants in

3813-546: The English language. Senior officials, although mostly still Swedish, all learned English and all major internal documents were in English, the lingua franca of multinational corporations. After the war, the number of businesses having at least one foreign country operation rose drastically from a few thousand to 78,411 in 2007. Meanwhile, 74% of parent companies are located in economically advanced countries. Developing and former communist countries such as China, India, and Brazil are

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3936-685: The Harvestime Bakery. These three purchases were followed by the purchase of premium breads supplier La Fornaia in August 2007 and, three months later in November, Bernard Matthews bakery in Dunstable . The company's key products now include bagels, ciabatta , croissants , artisan breads, baguettes , soft pretzels , bialys and tear'n'share breads. In December 2008, after trying to take over north London based rival The Bagel Group, allegations were made by

4059-544: The IRGC fired dozens of ballistic missiles on American-led coalition forces; both the assassination and the missile strikes took place in Iraq . Iranian authorities initially denied having any responsibility for the aircraft's destruction, but investigations by various intelligence agencies from the Western world as well as by the Iranian public later revealed that it had been struck by two surface-to-air missiles . On 11 January 2020,

4182-557: The International Energy Agency (IEA), enabling states to coordinate policy, gather data, and monitor global oil reserves. In the 1970s, OPEC gradually nationalized the Seven Sisters. The Kingdom of Saudi Arabia, as the only largest world oil producer, could leverage this. However, Saudi Arabia opted for the correct approach and maintained consistent oil prices throughout the 1970s. In 1979, the "second oil shock" came from

4305-599: The Iranian military launched retaliatory ballistic missile strikes towards U.S. military airbases in Iraq in response to the assassination of Major General Qasem Soleimani by the U.S. The U.S. previously threatened Iran and was initially expected to retaliate for the Iranian attack. Iran was on the highest state of defensive alert and, according to Commander of the Aerospace Force of the IRGC Amir Ali Hajizadeh ,

4428-505: The Netherlands has become a popular choice, as its company laws have fewer requirements for meetings, compensation, and audit committees, and Great Britain had advantages due to laws on withholding dividends and a double-taxation treaty with the United States. Corporations can legally engage in tax avoidance through their choice of jurisdiction but must be careful to avoid illegal tax evasion . Corporations that are broadly active across

4551-545: The OLI framework. The other theoretical dimension of the role of multinational corporations concerns the relationship between the globalization of economic engagement and the culture of national and local responses. This has a history of self-conscious cultural management going back at least to the 60s. For example: Ernest Dichter, architect, of Exxon's international campaign, writing in the Harvard Business Review in 1963,

4674-663: The Pentagon ", and "an attempt to prevent Boeing stock from a free fall". On 11 January, the Armed Forces of the Islamic Republic of Iran admitted they had shot down the airplane, having erroneously identified it as a hostile target. According to an early IRGC statement, when the airplane seemed to head toward a "sensitive military centre" of the IRGC, controllers mistook it for a "hostile target" and shot it down. Iran's Civil Aviation Organization disputed this timeline, arguing that

4797-458: The Third World colonies. That changed dramatically after 1945 as investors turned to industrialized countries and invested in manufacturing (especially high-tech electronics, chemicals, drugs, and vehicles) as well as trade. Sweden's leading manufacturing concern was SKF , a leading maker of bearings for machinery. In order to expand its international business, it decided in 1966 it needed to use

4920-636: The U.S. applies its corporate taxation "extraterritorially", which has motivated tax inversions to change the home state. By 2019, most OECD nations, with the notable exception of the U.S., had moved to territorial tax in which only revenue inside the border was taxed; however, these nations typically scrutinize foreign income with controlled foreign corporation (CFC) rules to avoid base erosion and profit shifting . In practice, even under an extraterritorial system, taxes may be deferred until remittance, with possible repatriation tax holidays , and subject to foreign tax credits . Countries generally cannot tax

5043-506: The Ukrainian airliner with radar and fired two surface to air missiles that brought down the aircraft." Also on 9 January, at a news conference in Ottawa , Canadian Prime Minister Justin Trudeau said the airliner was likely brought down by an Iranian missile, citing intelligence from Canadian and other sources, and said the incident "may well have been unintentional". On 10 January, during an interview with Sky News , Iran's ambassador to

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5166-465: The United Kingdom, Hamid Baeidinejad , rejected video footage obtained by American media that showed bulldozers clearing the crash site as "absurd". Baeidinejad further denied that an Iranian missile had brought down the airplane, and said that "[p]lane accidents are a very technical issue, I cannot judge, you cannot judge, reporters on the ground cannot judge. Nobody can judge. A foreign minister or

5289-527: The United States sanctions against Iran ; European companies faced with the possibility of losing access to the U.S. market by trading with Iran. International investment agreements also facilitate direct investment between two countries, such as the North American Free Trade Agreement and most favored nation status. Raymond Vernon reported in 1977 that of the largest multinationals focused on manufacturing, 250 were headquartered in

5412-506: The United States scrutinizes foreign investments. In addition, corporations may be prohibited from various business transactions by international sanctions or domestic laws. For example, Chinese domestic corporations or citizens have limitations on their ability to make foreign investments outside China, in part to reduce capital outflow . Countries can impose extraterritorial sanctions on foreign corporations even for doing business with other foreign corporations, which occurred in 2019 with

5535-609: The United States as the largest consumer and guarantor of the existing oil security order. Since the Iraq War, OPEC has had only a minor influence on oil prices, but it has expanded to 11 members, accounting for about 40 percent of total global oil production, although this is a decline from nearly 50 percent in 1974. Oil has practically become a common commodity, leading to much more volatile prices. Most OPEC members are wealthy, and most remain dependent on oil revenues, which has serious consequences, such as when OPEC members were pressured by

5658-461: The United States from 2010. The USA became the leading oil producer, creating tension with OPEC. In 2014, Saudi Arabia increased production to push new American producers out of the market, leading to lower prices. OPEC then reduced production in 2016 to raise prices, further worsening relations with the United States. By 2012, only 7% of the world's known oil reserves were in countries that allowed private international companies free rein; 65% were in

5781-474: The United States to recover the data from the flight data recorder and cockpit voice recorder. On 5 February, Canada urged Iran to send the recorders to France. Iran denied the request. On 12 March, Iran agreed to hand over the recorders to Ukraine. However, the COVID-19 pandemic delayed this action. During this time, impatience began to mount from Ukraine, Canada, and ICAO. On 11 June, Iran announced that

5904-561: The United States, 115 in Western Europe, 70 in Japan, and 20 in the rest of the world. The multinationals in banking numbered 20 headquartered in the United States, 13 in Europe, nine in Japan and three in Canada. Today multinationals can select from a variety of jurisdictions for various subsidiaries, but the ultimate parent company can select a single legal domicile ; The Economist suggests that

6027-738: The VOC in 1799, and during the 19th century, other governments increasingly took over private companies, most notably in British India. During the process of decolonization , the European colonial charter companies were disbanded, with the final colonial corporation, the Mozambique Company , dissolving in 1972. Mining of gold, silver, copper, and oil was a major activity early on and remains so today. International mining companies became prominent in Britain in

6150-498: The West to the post-colonial South and invest either in foreign expenditures or ostentatious economic development projects. After 1974, most of the money from OPEC members ceased as payments for goods and services or investments in Western industry. In February 1974, the first Washington Energy Conference was convened. The most significant contribution of this conference was the establishment of

6273-489: The aircraft or by its crew. On 9 January, the Swedish Accident Investigation Authority and Transportation Safety Board of Canada (TSB) were officially invited by the investigation team to participate in the probe on the crash. The NTSB, Ukraine, and Boeing were also invited to participate in the investigation. Due to American economic sanctions placed on Iran , U.S. investigators would need

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6396-431: The aircraft was hit almost immediately after departure by the first of two short-range missiles (which knocked out its transponder) launched 30 seconds apart by the IRGC, and with the aircraft having maintained its track, by the second missile 23 seconds later, after which it veered right and could be seen on fire before disappearing from view. Ukrainian investigators believed the pilots were killed instantly by shrapnel from

6519-400: The aircraft was hit by a missile. Zelensky said there should not be any speculation about the cause of the crash. On 9 January, U.S. intelligence and defence officials said they believed the aircraft had been shot down by an Iranian Tor missile ( NATO reporting name SA-15 "Gauntlet"), based on evidence from reconnaissance satellite imagery and radar data. Ukrainian authorities said

6642-410: The aircraft's track was recorded by primary radar only. Its last seconds were captured in several video recordings. The aircraft crashed in a park and fields on the edge of the village of Khalajabad , 15 kilometres (9.3 mi; 8.1 nmi) north-west of the airport, and about 16 kilometres (10 mi) ENE of the last missile strike, about six minutes after takeoff. There were no casualties on

6765-578: The airliner. Under standard International Civil Aviation Organization (ICAO) rules, according to Annex 13 of the Chicago Convention , the United States National Transportation Safety Board (NTSB) would participate in the investigation, as they represented the state of the manufacturer of the aircraft. France's Bureau of Enquiry and Analysis for Civil Aviation Safety (BEA) would participate as representatives of

6888-563: The airplane was on the correct course all the time and there was no proven flight deviation. The CAOI's viewpoint was also supported by a Radio Canada International article that used public ADS-B flight tracking data. Iranian Brigadier general Amir Ali Hajizadeh of the IRGC Aerospace Defense said a missile operator in Bidganeh had acted independently, mistook the airplane for a U.S. cruise missile and shot it down. Hajizadeh also said

7011-527: The airplane was on-track and "made no mistake". Western experts had previously noted that Flight 752 was flying near several sensitive Iranian ballistic missile facilities, including the Shahid Modarres missile base at Bidganeh near Malard , which the Iranians could have believed would be targets of retaliation for their attack a few hours earlier. The flight had been delayed by more than an hour because

7134-462: The behavior of multinational corporations, given that they are effectively "stateless" actors, is one of several urgent global socioeconomic problems that has emerged during the late twentieth century. Potentially, the best concept for analyzing society's governance limitations over modern corporations is the concept of "stateless corporations". Coined at least as early as 1991 in Business Week ,

7257-488: The business was sold to Schneider on 12 November 2002. On 25 September 2003, Schneider was acquired by Maple Leaf Foods. Mitchell continues as an independent operating company of Schneider Foods. However, on 12 October 2006, Maple Leaf Foods, owners of Mitchell's, announced it would be closing down its major plant in Saskatoon over the next three years. A portion of the Circle Drive - 11th Street interchange now occupies part of

7380-558: The captain had decided to offload some luggage as the aircraft was over its certified takeoff weight . On 11 July 2020, the CAOI reported that Iran now blamed the missile strike that downed PS752 on "bad communication" and "poor alignment". According to the Iranians, the missile battery "had been relocated and was not properly reoriented" and the guilty parties did not include the higher-ranking chain of command officers. On 20 July, Canadian foreign minister François-Philippe Champagne rejected

7503-728: The collapse of the Shah's regime in Iran. Iran became a regional power due to oil money and American weapons. The Shah eventually abdicated and fled the country. This prompted a strike by thousands of Iranian oil workers, significantly reducing oil production in Iran. Saudi Arabia tried to cope with the crisis by increasing production, but oil prices still soared, leading to the "second oil shock." Saudi Arabia significantly reduced oil production, losing most of its revenues. In 1986, Riyadh changed course, and oil production in Saudi Arabia sharply increased, flooding

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7626-650: The companies. This occurred in 1960. Prior to the 1973 oil crisis , the Seven Sisters controlled around 85 percent of the world's petroleum reserves . In the 1970s, most countries with large reserves nationalized their reserves that had been owned by major oil companies. Since then, industry dominance has shifted to the OPEC cartel and state-owned oil and gas companies, such as Saudi Aramco , Gazprom (Russia), China National Petroleum Corporation , National Iranian Oil Company , PDVSA (Venezuela), Petrobras (Brazil), and Petronas (Malaysia). A unilateral increase in oil prices

7749-557: The company announced that the old plants in St. Marys, Brampton and Toronto, Ontario, Canada were scheduled to close in subsequent years but that a new poultry plant would be built in London . The cost of the 60,000 square meter facility was estimated at over $ 600 million partly funded by $ 34.5 million from the Ontario government and $ 28 million from the federal government. The closures were necessary because

7872-672: The company returned to profitability. After being successfully revived, Maple Leaf Foods was purchased by Wallace McCain , formerly co-CEO of McCain Foods , who had been ousted by his brother and co-owner Harrison McCain , in 1995 along with the Ontario Teachers' Pension Plan . In 2002, the company purchased San Francisco-based Grace Baking Company. In 2003, the company purchased rival meat packer Schneider Foods (founded by John Metz Schneider in 1890 in Berlin, now Kitchener, Ontario ). The company

7995-510: The conception was theoretically clarified in 1993: that an empirical strategy for defining a stateless corporation is with analytical tools at the intersection between demographic analysis and transportation research. This intersection is known as logistics management , and it describes the importance of rapidly increasing global mobility of resources. In a long history of analysis of multinational corporations, we are some quarter-century into an era of stateless corporations—corporations that meet

8118-411: The country's IRGC had fired two Russian-made Tor-M1 missiles at the aircraft. On 8 January 2021, the first anniversary of the shootdown, Ukraine and several other countries made a joint statement calling on Iran for a thorough investigation and reiterated for them to prosecute anyone involved, and provide full compensation. On 17 March 2021, CAOI released the final report on the crash, which states

8241-643: The creation of a "world customer". The idea of a global corporate village entailed the management and reconstitution of parochial attachments to one's nation. It involved not a denial of the naturalness of national attachments, but an internationalization of the way a nation defines itself. "Multinational enterprise" (MNE) is the term used by international economist and similarly defined with the multinational corporation (MNC) as an enterprise that controls and manages production establishments, known as plants located in at least two countries. The multinational enterprise (MNE) will engage in foreign direct investment (FDI) as

8364-476: The current largest and most influential companies are publicly traded multinational corporations, including Forbes Global 2000 companies. The history of multinational corporations began with the history of colonialism . The first multi-national corporations were founded to set up colonial "factories" or port cities. The two main examples were the British East India Company founded in 1600 and

8487-553: The debate from a neo-liberal perspective in Storm over the Multinationals (1977). Ukraine International Airlines Flight 752 Ukraine International Airlines Flight 752 ( PS752/AUI752 ) was a scheduled international passenger flight from Tehran to Kyiv , operated by Ukraine International Airlines . On 8   January 2020, the Boeing 737-800 flying the route was shot down by

8610-460: The downing of Malaysia Airlines Flight 17 in 2014. Several airlines, including Austrian Airlines , Singapore Airlines , KLM , Air France , Air India , SriLankan Airlines , Qantas and Vietnam Airlines began to reroute their flights. Other airlines, such as Lufthansa , Emirates , Flydubai , and Turkish Airlines cancelled some flights to airports in Iran and Iraq, making further operational changes as necessary. The aircraft

8733-486: The federal government was not doing enough. The Conservative government's changes were the subject of heated controversy as academics and the opposition express concerns over the few details that had emerged so far. The 2008 budget indicated the CFIA was asked to find savings to pay for new programs. The leaked document indicated savings would be found by transferring some meat-inspection duties to industry. Since 2008, there have been: On 4 August 2009, roughly one year after

8856-408: The finding by the CAOI that " human error " caused the launch of the missiles which destroyed the aircraft: "It cannot just be the result of a human error. There is no circumstance under (which) a civilian aircraft can be downed just by the result of human error in this day and age... All the facts and circumstances point to more than just a human error, so certainly we will continue to pursue vigorously

8979-481: The firm makes direct investments in host country plants for equity ownership and managerial control to avoid some transaction costs . Sanjaya Lall in 1974 proposed a spectrum of scholarly analysis of multinational corporations, from the political right to the left. He put the business school how-to-do-it writers at the extreme right, followed by the liberal laissez-faire economists, and the neoliberals (they remain right of center but do allow for occasional mistakes of

9102-525: The flight recorders and Ukrainian investigators visited the crash site, with plans to download the recorders in Tehran. On 14 January, the head of the TSB, Kathy Fox , said there were signs that Iran would allow the TSB to participate in the downloading and analysis of data from the airplane's flight data recorder and cockpit voice recorder. On 23 January, the TSB announced that they had been invited by Iran to help with

9225-501: The flight recorders would be sent directly to the Bureau of Enquiry and Analysis for Civil Aviation Safety (BEA) in France. Canadian officials urged Iran to complete this action "as soon as possible", citing the previous delays in handing over the recorders. This statement was further reinforced 11 days later, when Iranian foreign minister Mohammad Javad Zarif commented on this intention during

9348-454: The flight recorders. On 2 February, Ukrainian public TV aired a leaked recording of the information exchange between the Iranian pilot of an Aseman Airlines flight and an Iranian air traffic controller. The pilot stated in Persian that he saw "a series of flares like that of a missile" and later an explosion. Following the leak, Zelensky said the new evidence proved Iran was well aware from

9471-449: The following: The air defense's launching two surface-to-air missiles at the flight PS752, UR-PSR aircraft, the detonation of the first missile warhead in proximity of the aircraft caused damage to the aircraft systems, and the intensification of damage led the aircraft to crash into the ground and explode instantly. A contributing factor was: The mitigating measures and defense layers in risk management proved to be ineffective due to

9594-409: The fuselage and a wing section". On 9 January, US President Donald Trump said the airplane "was flying in a pretty rough neighbourhood, and somebody could have made a mistake." He said the U.S. had no involvement in the incident and that he did not believe a mechanical issue had anything to do with the crash. U.S. intelligence sources informed U.S. media outlets they were "confident that Iran painted

9717-407: The ground. Shortly after the crash, emergency responders arrived in 22 ambulances, 4 bus ambulances, and a helicopter, but intense fires prevented a rescue attempt. The wreckage was strewn over a wide area, with no survivors found at the crash site. The aircraft was completely destroyed on impact. All 176 passengers and crew were killed. It is the deadliest flight in terms of fatalities involving

9840-416: The hands of state-owned companies that operated in one country and sold oil to multinationals such as BP, Shell, ExxonMobil and Chevron. Down through the 1930s, about 80% of the international investments by multinational corporations were concentrated in the primary sector, especially mining (especially oil) and agriculture (rubber, tobacco, sugar, palm oil , coffee, cocoa, and tropical fruits). Most went to

9963-481: The incident that a team of investigators had been sent to the crash site. On the same day, the Ukrainian government said it would send experts to Tehran to assist with the investigation. President Volodymyr Zelensky instructed the Ukrainian General Prosecutor to open a criminal investigation into the crash. The Ukrainian government sent 45 investigators to assist with the inquiry into the shootdown of

10086-516: The international oil market. Iran was unable to sell any of its oil. In August 1953, the then-prime minister was overthrown by a pro-American dictatorship led by the Shah, and in October 1954, the Iranian industry was denationalized. Worldwide oil consumption increased rapidly between 1949 and 1970, a period known as the 'golden age of oil'. This increase in consumption was caused not only by the growth of production by multinational oil companies but also by

10209-415: The internationalization of production. For the first time in history, production, marketing, and investment are being organized on a global scale rather than in terms of isolated national economies. International business is also a specialist field of academic research. Economic theories of the multinational corporation include internalization theory and the eclectic paradigm . The latter is also known as

10332-450: The investigation." On 9 January, the Instagram account Rich Kids of Tehran published a video captioned: "The actual footage from the moment the #Ukrainian flight was shot down by a Russian-made Tor-M1 missile just moments after takeoff from #Tehran's Airport". The video was published at the same time the Iranian authorities were claiming technical problems for the crash. Qassem Biniaz,

10455-498: The land. On 1 March 2007, Maple Leaf Foods announced that it would cease operations of the cut/kill departments at their Saskatoon slaughterhouse. The last day of operation was 1 June 2009. In April 2019, the company announced their intent to expand products that are alternatives to meat. The plan included the purchase of a 230,000-sq.-ft.processing plant in Shelbyville, Indiana . When completed in late 2020, this facility would become

10578-641: The largest of its kind in North America, according to the company. Maple Leaf was already marketing meatless products such as burgers and sausages under its LightLife brand, designed to closely resemble meat in appearance and flavour. Plant-based products were being manufactured at its Greenleaf Foods SPC plant-based division in Chicago, at a LightLife plant in Massachusetts and at Field Roast’s in Seattle. The location of

10701-460: The largest recipients. However, 70% of foreign direct investment went into developed countries in the form of stocks and cash flows. The rise in the number of multinational companies could be due to a stable political environment that encourages cooperation, advances in technology that enable management of faraway regions, and favorable organizational development that encourages business expansion into other countries. A multinational corporation (MNC)

10824-474: The laws and regulations of both their domicile and the additional jurisdictions where they are engaged in business. In some cases, the jurisdiction can help to avoid burdensome laws, but regulatory statutes often target the "enterprise" with statutory language around "control". As of 1992 , the United States and most OECD countries have the donot legal authority to tax a domiciled parent corporation on its worldwide revenue, including subsidiaries. As of 2019 ,

10947-488: The market with cheap oil. This caused a worldwide drop in oil prices, hence the "third oil shock" or "counter-shock." However, this shock represented something much bigger—the end of OPEC's dominance and its control over oil prices. Iraqi President Saddam Hussein decided to attack Kuwait. The invasion sparked a crisis in the Middle East, prompting Saudi Arabia to request assistance from the United States. The United States sent

11070-531: The marketplace such as externalities). Moving to the left side of the line are nationalists, who prioritize national interests over corporate profits, then the "dependencia" school in Latin America that focuses on the evils of imperialism, and on the far left the Marxists. The range is so broad that scholarly consensus is hard to discern. Anti-corporate advocates criticize multinational corporations for being without

11193-428: The missile which exploded near the cockpit. However, an analysis of the cockpit voice recorder indicated that for at least 19 seconds after the first missile strike, all three cockpit crew members continued to attempt to fly the aircraft, and there was no indication of injury or adverse health effects during that time. The final ADS-B data received was at 06:14:57, less than three minutes after departure, after which

11316-655: The new plant was logical because "more than 95 per cent of the LightLife and Field Roast business is in the United States today", according to the company. Maple Leaf announced, in January 2021, that it would instead purchase an existing plant in Indianapolis. In August 2008, shortly after a plant closure, Maple Leaf Foods announced a recall for several products which was later expanded to products from Maple Leaf, Schneiders, McDonald's , and other products. While not immediately clear,

11439-428: The new system, federal inspectors do random product tests only three or four times a year at any given plant, and meat packers are required to test each type of product only once a month. Under the old system, inspectors had a more hands-on role on the plant floor, did more of the tests themselves and had more freedom to investigate, said former CFIA inspector. Prime Minister Stephen Harper rejected any suggestions that

11562-475: The occurrence of an unanticipated error in threat identifications, and ultimately failed to protect the flight safety against the threats caused by the alertness of defense forces. Ukraine's Minister of Foreign Affairs Dmytro Kuleba rejected the findings and criticized the report as "a collection of manipulations, the goal of which is not to establish the truth, but to whitewash the Islamic Republic of Iran." The Transportation Safety Board of Canada also criticized

11685-564: The outbreak of Listeriosis would kill 22 people and ail a further 35 more. According to the National Post , the recall took place on 24 August 2008 and included all cured meats manufactured from a contaminated Toronto plant. By 25 August, the outbreak had claimed as many as five lives and sickened dozens. The Canadian Food Inspection Agency issued a public warning against consuming several Maple Leaf products due to possible contamination with Listeria monocytogenes . CEO Michael McCain issued

11808-555: The owner of The Bagel Group via the tabloid Sunday Mirror newspaper to the Office of Fair Trading of price fixing, after Managing Director Peter Maycock was filmed in a Chinese restaurant. In February 2014, Canada Bread, in which Maple Leaf Foods previously had a 90% stake, was acquired by the multinational Grupo Bimbo for CAD $ 1.83 billion. The remaining Maple Leaf Foods is a protein-only company with approximately CAD$ 3 billion in revenue. Multinational corporation Most of

11931-560: The price collapse in 1998–1999. The United States still maintains close relations with Saudi Arabia. In 2003, U.S. forces invaded Iraq with the aim of removing the dictatorship and gaining access to Iraqi oil reserves, giving the United States greater strategic importance from 2000 to 2008. During this period, there was a constant shortage of oil, but its consumption continued to rise, maintaining high prices and leading to concerns about "peak oil". From 2005 to 2012, there were advances in oil and gas extraction, leading to increased production in

12054-595: The realities of the needs of source materials on a worldwide basis and to produce and customize products for individual countries. One of the first multinational business organizations, the East India Company , was established in 1601. After the East India Company came the Dutch East India Company , founded on March 20, 1603, which would become the largest company in the world for nearly 200 years. The main characteristics of multinational companies are: When

12177-447: The recorders would be sent so the data could be analyzed. The association said it would not hand over the black boxes to Boeing or to U.S. authorities. On 9   January, the black boxes were reported, by Iranian investigators, to have been damaged and that some parts of their memory may have been lost. Mary Schiavo , a former U.S. Department of Transportation inspector general, said no automated distress messages had been sent from

12300-607: The relevant plants were "50 to 60 years old and severely growth constrained because of location, footprint or infrastructure and nearing the end of their productive capacity", according to then-CEO Michael McCain. As of November 2018, the company employed over 11,000 people across Canada and was selling its products in over 20 global markets. In January 2020, CEO Michael McCain garnered media attention for criticizing "a narcissist in Washington" regarding events preceding Ukraine International Airlines Flight 752 being shot down by Iran , in

12423-456: The same as those attributed to the recent incident. USA Today reported that the firm IHS Markit reviewed photographs showing the guidance section of a missile and "assesses them to be credible". Aviation monitoring group Opsgroup said: "We would recommend the starting assumption to be that this was a shootdown event, similar to MH17 —until there is clear evidence to the contrary" asserting that photographs "show obvious projectile holes in

12546-405: The state of manufacture of the aircraft's engines (a U.S.–France joint venture) and Ukraine's Ministry of Infrastructure would participate as representatives of the state in which the aircraft was registered. Given that there were tensions between these nations and Iran as part of the 2019–2021 Persian Gulf crisis, it was not known how these investigative organizations would be involved, although it

12669-495: The strong influence of the United States on the global oil market. In 1959, companies lowered the price of oil due to a surplus in the market. This reduction dealt a significant blow to the finances of producers. Saudi oil minister Abdullah Tariki and Venezuela’s Juan Perez Alfonso entered into a secret agreement (the Mahdi Pact), promising that if the price of oil was lowered a second time, they would take collective action against

12792-452: The terrain around Parand and the crash site lies approximately 125 metres (410 ft) higher at 1,134 metres (3,720 ft). The flight was climbing at just under 15 metres per second (3,000 ft/min) when the flight data recorder abruptly ended over the open ground near the northern end of Enqelab Eslami Boulevard in Parand . Analysis of several videos by The New York Times showed that

12915-580: The three people in question were Afghan nationals who lived in Germany as asylum seekers . According to Iranian nationality law , the Iranian government considers dual citizens to be solely Iranian citizens. Of the 167 passengers, 138 were travelling to Canada via Ukraine. Many of the Iranian Canadians were affiliated with Canadian universities , as students or academics who had travelled to Iran during

13038-451: The very first moments that the Ukraine passenger airplane was brought down by a missile. The following day Iran ceased co-operation with Ukraine in its investigation into the disaster. Iran resumed co-operation on 15 February. In the final report about the crash, Iranian authorities gave a more complete transcript of the communication. On 20 January, Iran asked for assistance from France and

13161-702: The winter break. The crash was the largest loss of Canadian lives in aviation since the 1985 bombing of Air India Flight 182 . On 15 January 2020, Canadian Transport Minister Marc Garneau said 57 Canadians died in the crash. In addition to six flight attendants, the crew consisted of 50 year old Captain Volodymyr Gaponenko (11,600 hours on Boeing 737 aircraft, including 5,500 hours as captain), instructor pilot Oleksiy Naumkin (12,000 hours on Boeing 737s, including 6,600 as captain), and first officer Serhiy Khomenko (7,600 hours on Boeing 737). The Civil Aviation Organization of Iran (CAOI) reported shortly after

13284-484: The world market, jobs for locals, and business and profits for companies. Cecil Rhodes (1853–1902) was one of the few businessmen in the era who became Prime Minister (of South Africa 1890–1896). His mining enterprises included the British South Africa Company and De Beers . The latter company practically controlled the global diamond market from its base in southern Africa. In 1945, the United States

13407-573: The world without a concentration in one area have been called stateless or "transnational" (although "transnational corporation" is also used synonymously with "multinational corporation" ), but as of 1992, a corporation must be legally domiciled in a particular country and engage in other countries through foreign direct investment and the creation of foreign subsidiaries. Geographic diversification can be measured across various domains, including ownership and control, workforce, sales, and regulation and taxation. Multinational corporations may be subject to

13530-503: The worldwide revenue of a foreign subsidiary, and taxation is complicated by transfer pricing arrangements with parent corporations. For small corporations, registering a foreign subsidiary can be expensive and complex, involving fees, signatures, and forms; a professional employer organization (PEO) is sometimes advertised as a cheaper and simpler alternative, but not all jurisdictions have laws accepting these types of arrangements. Disputes between corporations in different nations

13653-535: Was "totally prepared for a full-fledged war". In response to the Iranian missile attack, the U.S. Federal Aviation Administration (FAA), in a notice to airmen ( NOTAM ), banned all American civil aircraft from flying over Iran, Iraq, the Gulf of Oman and the Persian Gulf. Although the FAA NOTAMs are not binding on non-U.S. airlines, many airlines take them into consideration when making safety decisions, especially after

13776-401: Was a Boeing 737-8KV , serial number 38124, registration UR-PSR. It was three-and-a-half years old when it was shot down, having first flown on 21 June 2016. It was delivered to UIA on 19 July 2016, the first 737 Next Generation aircraft purchased by the airline. The aircraft was well maintained, with the airline saying it had been inspected just two days before the crash. The flight

13899-607: Was created in 1961 through the amalgamation of the Maple Leaf Milling Company Limited, Toronto Elevators Limited and Purity Flour Mills Limited. Its origins can be traced back over 170 years to Grantham Mills, built in 1836 in St. Catharines , Ontario. In 1989, the McLean family that had dominated Canada Packers since its founding announced its intention to sell its stake in the company. The controlling interest passed in 1990 to

14022-570: Was dead." Hajizadeh said that, with his forces on high alert, an officer mistook it for a hostile missile and made a "bad decision". On 14 January, the Rich Kids of Tehran Instagram account published a new video, showing two missiles hitting the aircraft. The security camera footage, verified by The New York Times , shows two missiles, fired 30 seconds apart. On 20 January, the Civil Aviation Organization of Iran also admitted that

14145-438: Was enabled by multinational corporations known as the 'Seven Sisters'. The "Seven Sisters" was a common term for the seven multinational companies that dominated the global petroleum industry from the mid-1940s to the mid-1970s. The nationalization of the Iranian oil industry in 1951 by Iranian Prime Minister Mohammad Mosaddegh and the subsequent boycott of Iranian oil by all companies had dramatic consequences for Iran and

14268-691: Was established in Rotherham as a speciality bakery subsidiary of Canada Bread which in turn is 89.8% owned by Maple Leaf Foods. It operates from a total of six sites in the UK and employs around 1,200 employees. It owns the New York Bagel brand and currently makes over 90% of the 200 million bagels supplied to the UK retail and wholesale market. In recent years, Maple Leaf has diversified from its traditional bagel market into new areas of speciality bakery business. In 2006, it acquired The French Croissant Company, Avance and

14391-501: Was expected to land in Kyiv at 08:00 local time ( UTC+2:00 ). Between 06:14:17 and 06:14:45 the airplane turned from the take-off heading of 289° to heading 313°, following its regular route. According to the data, the last recorded altitude of the aircraft was 2,416 metres (7,925 ft) above mean sea level with a ground speed of 275 knots (509 km/h; 316 mph). The airport is 1,007 metres (3,305 ft) above mean sea level and

14514-448: Was fully aware that the means to overcoming cultural resistance depended on an "understanding" of the countries in which a corporation operated. He observed that companies with "foresight to capitalize on international opportunities" must recognize that " cultural anthropology will be an important tool for competitive marketing". However, the projected outcome of this was not the assimilation of international firms into national cultures, but

14637-414: Was impossible to be cited as the cause of the crash as the pilots had exclusively been trained for the Tehran flights for years, noting that Tehran Airport was "not a simple airport". Iranian and Ukrainian government sources initially blamed mechanical issues aboard the aircraft for its crash. The Ukrainian government later retracted its statement and said anything was possible, refusing to rule out that

14760-546: Was labeled as "the largest nonviolent transfer of wealth in human history." The OPEC sought immediate discussions regarding participation in national oil industries. Companies were not inclined to object as the price hike benefited both them and OPEC members. In 1980, the Seven Sisters were entirely displaced and replaced by national oil companies (NOCs). The rise in oil prices burdened developing countries with balance of payments deficits, leading to an energy crisis. OPEC members had to abandon their plan of redistributing wealth from

14883-441: Was operated by Ukraine International Airlines, flag carrier and largest airline of Ukraine, on a scheduled flight from Iranian capital Tehran 's Imam Khomeini International Airport to Boryspil International Airport in the Ukrainian capital, Kyiv . The aircraft was carrying 176 people, including 9 crew members and 15 children. Flight 752 took off from Runway 29R an hour behind schedule, at 06:12:08 local time ( UTC+3:30 ), and

15006-418: Was reported that Iran had said American, French and Ukrainian authorities would be involved. The head of the commission for accidents in the CAOI said they received no emergency message from the aircraft before the crash. It was reported that the aircraft's black boxes (the cockpit voice recorder (CVR) and flight data recorder (FDR)) had been recovered, but the CAOI said it was not clear to which country

15129-448: Was the world's largest oil producer. However, their reserves were declining due to high demand. Therefore, the United States turned to foreign oil sources, which had a significant impact on the recovery of the West after World War II. Most of the world's oil was found in Latin America and the Middle East, particularly in the Arab states of the Persian Gulf. This increase in non-American production

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