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Leak of hundreds of thousands of confidential documents pertaining to the bank accounts and companies held by politicians, High-net-worth individuals and other people, some in off-shore tax havens. [35] The focus was Panama law firm Mossack Fonseca. Paradise Papers leak; Peregrine Systems [8] [10] corporate executives convicted of accounting fraud
Now one of the best-known examples of corporate fraud, greed and corruption, Enron lost its shareholders their retirement accounts, their jobs and $74 billion. %VIRTUAL-article-sponsoredlinks% 7 ...
Inflation had many causes, but corporate greed was not a primary factor. And the war on inflation has largely been won already. Profits are up, but they’ve been higher in recent years
Some progressives have frequently blamed corporate greed for fueling the high cost of living that Americans are fed up with. Yet new research from the Federal Reserve Bank of San Francisco casts ...
Enron was a breeding ground for some of the worst excesses the business world has seen. It wasn't uncommon for the company's directors to send corporate jets to pick up homesick daughters in Paris, or fly themselves to major sporting events. One Enron division even spent $4 million a year on flowers, alone.
Pfizer, pleaded guilty to a felony violation of the Food, Drug and Cosmetic Act for misbranding Bextra with the intent to defraud or mislead. [5] PG&E [6] Samsung, pleaded guilty to price-fixing. [7] Sears, Roebuck & Company, pleaded guilty to 1 count of fraud. [8]
Companies like Exxon Mobil, Shell, and Kraft Heinz enjoyed bumper profits as consumers struggled with historic inflation.
In a recent Yahoo Finance-Ipsos survey, 26% of respondents said “corporate greed” was the biggest cause of inflation. That was the second-most common response, after “current government ...