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After struggling to maintain business levels at its brand names Karstadt and KaDeWe, Arcandor sought help from the German government, and then filed for insolvency. Hypo Real Estate: Germany: 5 October 2009: Banking: Depfa, one of the companies subsidiaries ran into liquidity problems in 2008 as a result of the financial crisis.
While companies attempt to put on a friendly face to entice customers, things are often different behind the scenes as evidenced by 11 companies that caught lying to the public or deceived customers.
Business ethics operates on the premise, for example, that the ethical operation of a private business is possible—those who dispute that premise, such as libertarian socialists (who contend that "business ethics" is an oxymoron) do so by definition outside of the domain of business ethics proper. [citation needed]
Opportunities: Although the financial statements of all companies are potentially subject to manipulation, the risk is greater for companies in industries where significant judgments and accounting estimates are involved. Turnover in accounting personnel or other deficiencies in accounting and information processes can create an opportunity for ...
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Big banks and bank stocks, like Citigroup, don't always conjure up the most warn-and-fuzzy feelings for investors, but does that mean people shouldn't own them? In this segment of The Motley Fool ...
Wells Fargo's sales culture and cross-selling strategy, and their impact on customers, were documented by the Wall Street Journal as early as 2011. [5] In 2013, a Los Angeles Times investigation revealed intense pressure on bank managers and individual bankers to produce sales against extremely aggressive and even mathematically impossible [7] quotas. [8]
The bank's board of directors is examining what action it should take against company executives, Stumpf told the Senate Banking Committee. Wells Fargo CEO accepts responsibility for 'unethical ...