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After becoming a public company in August 2005, it was revealed that Phillip R. Bennett, the company's CEO and chairman, had concealed $430m of bad debts. Its underwriters were Credit Suisse First Boston, Goldman Sachs, and Bank of America Corp. The company entered Chapter 11 and Bennett was sentenced to 16 years in prison. Bear Stearns: United ...
Goldman Sachs Tower at 30 Hudson Street in Jersey City.. Goldman Sachs, an investment bank, has been the subject of controversies.The company has been criticized for lack of ethical standards, [1] [2] working with dictatorial regimes, [3] close relationships with the U.S. federal government via a "revolving door" of former employees, [4] and driving up prices of commodities through futures ...
Concern about Nestlé's "aggressive marketing" of their breast milk substitutes, particularly in developing countries, first arose in the 1970s. [2] Critics have accused Nestlé of discouraging mothers from breastfeeding and suggesting that their baby formula is healthier than breastfeeding through marketing campaigns which suggested the formula was used by health professionals.
The Reputation Institute recently ranked companies according to the public's perception in seven key areas -- and one classic watch brand tops the list.
Former president’s company faces potential ban from doing business in Trump’s home state Trump Org at bottom of list of corporate reputations for second year in a row Skip to main content
Company comes up with a new name and branding.The artist formerly known as Facebook is just the latest in a grand tradition of companies that changed their name following a public.
The company has been the subject of numerous lawsuits, brought by several governments and by other companies, for unlawful monopolistic practices. In 2004, the European Union found Microsoft guilty in the Microsoft Corp. v. Commission case, and it received an 899 million euro fine.
After the company stopped accepting bitcoin for car payments, on May 12, 2021, Musk stated on Twitter that "Tesla will not be selling any Bitcoin", which was, at the end of 2021, worth nearly $2 billion. [434] [435] In July 2022, Tesla stated in regulatory filings that it sold approximately 75% of its bitcoin in the March–June 2022 quarter. [436]