Unilever and Procter & Gamble in price fixing fine

Unilever and Procter & Gamble in price fixing fine

www.bbc.co.uk

The consumer products giants Unilever and Procter & Gamble (P&G) have been fined 315m euros (£280m, $456m) for fixing washing powder prices in eight European countries.

It follows a three-year investigation by the European Commission following a tip-off by the German company, Henkel.

Unilever sells Omo and Surf, P&G makes Tide, and Henkel sells Persil in certain European countries.

The fines were discounted by 10% after the two admitted running a cartel

(visit the link for the full news article)

Like i did a while back about the AMD and intel conspiracy...Price fixing the price of computer components

A Real conspiracy! ATI (AMD) and NVIDIA Fix Prices in the US, Class Action Slapped Against them

Here is another REAL conspiracy..

For 8 years these guys have ran a cartel, fixing the prices on something everyone needs everyday.
Everyone preaches honesty and straight dealings in a fair and open market LMAO as if.
Power corupts , money corupts , it all boils down to greed again.
and we will read this , nod knowingly, then go about our buisness as if nothing happens.

The fine a drop in the washing machine to these people...

And tomorrow they will pump out more chemicals and we will happily buy them.

If people knew the real truth behind countries and buisness i do not think their would be a government left standing anywhere in the world..

www.bbc.co.uk
(visit the link for the full news article)

You think that's bad?

They don't.

It is a standard cartel practice which is accepted and allowed globally. When the consumers catch them they pay fines equivalent to .001% of their overall profit - for show... because it sounds like such a big number to us "little people."

Ever see Pepsi and Coke on sale at the same time? Mostly, you won't. And that's not even considering that you folks won't have a clue what I pay for the same products, since we live continents apart....

S & F !!!!!!!!

I suspected companies have been doing this for awhile now. they brainwash us into believing competition breeds value to the consumer, but they are all really in non-compete type of deals.

I goto the store one day and pepsi is on sale while coke is through the roof, the next week it is otherway around. I never ONCE seen them side by side with actual competitive prices at the same time. same goes for miller and busch beers.

not to mention just about every other product known to man gets jacked when the news reports we're in for some sort of inflation, but eventually the prices will get slashed across the board, it's all BS to see how far they can push the limit on us.

heres an example you wouldn't find anyone ever mentioning, the las vegas gaming control board. for years this tax-payer funded outfit's main goal was to monitor casino's for fairness, even having strict payout minimums to follow. now those lines have been blurred.

you see before with the payout rules most casinos just had to meet those minimums, but larger casinos could payout more if they could afford it, thus hurting the small guy and/or the more crooked casinos. fast forward to today and thats all been abolished. the board now oversees the payout rate on every machine in the state. logic being that if all the machines are turned off at once, everybody wins. and it has been working. I now regulate most of my gaming to the sports book, but when I used to cash my checks and play videopoker alot, I bitched to the slot manager about the machines being too tight, he laughed and said "so, everyone elses are too".

only difference in all this is other countries might still be able to fight this, but in america and canada the politicians are all in bed with the lobbyist.

EDIT:maxmars beat me to the coke/pepsi example