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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 ...
The company responds by claiming that it follows industry-best practice and sources locally where it can to meet customer demand. In March 2005, the Office of Fair Trading published an audit of the workings of its code of practice on relationships between supermarkets and their suppliers.
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.
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.
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 ...
The company has denied any wrongdoing and said that low prices are the result of efficiency. [ 6 ] [ 7 ] [ 8 ] In 2005, labor unions created new organizations and websites to criticize the company, including Wake Up Walmart ( United Food and Commercial Workers ) and Walmart Watch ( Service Employees International Union ).
Companies that suffered significant declines in the reputation rankings include Best Buy , Honda , Kraft Foods , Microsoft , and J.C. Penney . Photo Credit: Getty Images Show comments