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Be careful by choosing some EU-companies (feddit.org)

submitted 1 month ago by [email protected] to c/[email protected]

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Avoiding American companies to express disapproval of US policy is great. However, this could give some European companies a reprieve, whose products you should not buy despite everything, because they have an inhumane corporate policy. My favorite example is Nestle. For them, access to drinking water is not a human right and that's how they act.

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[–] [email protected] 1 points 1 month ago (3 children)

Isn't Nestle owned by Phillip Morris, an 'Mercan company?

[–] [email protected] 14 points 1 month ago (2 children)

No, it isn't. But Nestlé is the perfect example of a global company which shows why "BuyfromEU" might be problematic. It is based in Europe. But it also sells globally, has offices everywhere and it is owned by people in different countries. So is Nestlé a european company with this shareholder structure?

https://en.wikipedia.org/wiki/Nestl%C3%A9

[–] [email protected] 4 points 1 month ago

Are we saying EU as in EUrope or European Union? They are not the same.

[–] [email protected] 1 points 1 month ago* (last edited 1 month ago)

Yes, I was completely wrong. I worked in Zug at the not-America PM treasury in the 90s. There was loads of Nestle chocolate available, and other PM products, for everyone so I have a false memory.

[–] [email protected] 5 points 1 month ago* (last edited 1 month ago) (1 children)

It still seems to be a primarily Schweitzer AG in free float. Who owns Nestle (german)

[–] [email protected] 2 points 1 month ago

That's mad. I was sure it had been owned but I'm completely wrong. The PM office in Zug where I used to spend time was filled with Nestle so I thought ..

Thank-you for that. It's never been owned by PM.

[–] [email protected] 2 points 1 month ago