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The company's finance directors concealed large debts. MG Rover Group: United Kingdom: 15 April 2005: Automobiles: After diminishing demand, and getting a £6.5m loan from the UK government in April 2005, the company went into administration. After the loss of 30,000 jobs, Nanjing Automobile Group bought the company's assets. Bayou Hedge Fund Group
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 ...
How one analyst saw red flags at Teva long before the recent headlines … and helped subscribers bank 100%+ returns from itLies … greed … collusion …Today's ...
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The Boeing Company, pleaded guilty to one count of conspiracy to defraud the United States. This charge is directly related to the company’s role in the 737-max crashes that killed 346 individuals. This charge is directly related to the company’s role in the 737-max crashes that killed 346 individuals.
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.
Companies like Exxon Mobil, Shell, and Kraft Heinz enjoyed bumper profits as consumers struggled with historic inflation.
The term "greedflation" was a candidate for word of the year for the Collins English Dictionary in 2023, [3] [4] and was added to Dictionary.com in 2024. [5] [6] Collins Dictionary defines it as either "the use of inflation as an excuse to raise prices to artificially high levels in order to increase corporate profits" or "an increase in the price of goods and services caused by businesses ...