Exxon Shame Pole

Exxon Shame Pole

The Native American “Shame Pole” is a totem pole erected to embarrass people for non-payment of debts or to ridicule misdeeds. In 2007 one such pole was erected in Alaska depicting the CEO of Exxon to highlight an unpaid debt of $5 million owed from the Exxon Valdez oil spill. This was after Exxon's punitive damages for the Exxon Valdez oil spill were reduced from $5 billion to $507.5 million.

Previous Fact Next Fact
Categories: CorporationDisaster

Latest FactRepublic Video

15 Most Controversial & Costly Blunders in History

Sponsored Links