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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 ...
In a recent 10,000-comment thread, Redditors shared a list of the country's most unethical companies that somehow fly under the radar.
People have always been eager to know the 10 most hated companies in America in 2020. The reason is simple: if it is ever possible to dislike or hate some people for real or imagined reasons, then ...
The company's name translates to Brazilian Petroleum Corporation – Petrobras. The company was ranked No. 58 in the 2016 Fortune Global 500 list. [ 74 ] From 2014 to 2021, an investigation known as Operation Car Wash examined allegations of corporate and political collusion and corruption by Petrobras.
Starbucks' footprint in the United States, showing saturation of metropolitan areas. Some of the methods Starbucks has used to expand and maintain their dominant market position, including buying out competitors' leases, intentionally operating at a loss, and clustering several locations in a small geographical area (i.e., saturating the market), have been labeled anti-competitive by critics. [14]
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Electronic Arts's logo since 2020. Since the 2010s and before, the video game company Electronic Arts has been at the center of numerous controversies involving acquisitions of companies and anti-consumer practices in their individual games, as well as lawsuits alleging anti-competitive practices on EA's part when signing sports-related contracts.
For example, the kitchenettes have free beverages and many buildings include exercise rooms and showers. However, the company has been accused of attempting to keep employees at the company for exceptionally long hours. This is detailed in several books about Microsoft, including Hard Drive: Bill Gates and the Making of the Microsoft Empire.