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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 ...
Research sponsored by the Journal of Business Ethics states there is an equity valuation effect of press releases of upgrades or downgrades reflected in the CEQ . The research encompasses a joint test of the value relevance of the index and the impact of ethical reputation on a firm's value.
Reputational damage can result from an adverse or potentially criminal event, regardless of whether the company is directly responsible for said event (as was the case of the Chicago Tylenol murders in 1982). [3] Extreme cases may lead to large financial losses [4] or bankruptcy, as per the case of Arthur Andersen. [5]
The Reputation Institute recently ranked companies according to the public's perception in seven key areas -- and one classic watch brand tops the list.
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.
In July 2015, IKEA and the U.S. Consumer Product Safety Commission, through the company's Safer Homes Together advertising campaign, issued a warning in the United States, the United Kingdom, and Ireland to customers to secure the Malm chests of drawers and wardrobes firmly to the wall using free kits distributed by the company, after the ...
Not being paid well enough, followed by little opportunity for a raise or promotion. 24/7 Wall St. looked at publicly traded companies with over 300 reviews on Glassdoor, and found the lowest of ...
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 ...