What companies have had ethical scandals?

What companies have had ethical scandals?

What are Examples of Business Scandals?

  • United Airlines. It’s hard to forget the scandal United Airlines faced after security officers forcefully dragged a passenger off an overbooked flight.
  • Equifax. Equifax faced a large ethical scandal when hackers stole data from more than 148 million consumers.
  • Enron.
  • Google.

What happened with Wells Fargo in 2016?

In 2016, a scandal involving Wells Fargo creating fake accounts—which may have harmed more than 2 million consumers—increased scrutiny of the bank by Congress, financial regulators, and the public.

What led up to the Wells Fargo scandal?

In 2013, the Los Angeles Times broke a blockbuster story about how a “pressure-cooker” internal sales culture centered on meeting unrealistic quotas had led Wells Fargo employees to sign what turned out to be millions of customers up for accounts and credit cards they didn’t want, didn’t need, and often didn’t even …

What is corporate governance scandals?

A corporate scandal involves alleged or actual unethical behavior by people acting within or on behalf of a corporation. Many recent corporate collapses and scandals have involved false or inappropriate accounting of some sort (see list at accounting scandals).

What do you mean by corporate scandals explain any 2 corporate scandals?

What happened to Toshiba scandal?

The chairman of scandal-hit Japanese conglomerate Toshiba has been voted out after a shareholder revolt. Osamu Nagayama’s ousting comes after the company was found to have colluded with the government to suppress the interests of foreign investors.

What happened to HSBC in 2016?

HSBC at a glance Fact: Reported profit before tax in 2016 is 7.1 billion US dollars. Reported profit before tax in 2015 is 18.9 billion US dollars. Fact: Adjusted profit before tax in 2016 is 19.3 billion US dollars. Adjusted profit before tax in 2015 is 19.5 billion US dollars.