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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 ...
Starbucks was sued for marketing its commitment to “100% ethical” sourcing while using some suppliers with “documented, severe human rights and labor abuses.” ... in spite of the ...
Taxi companies sued Uber in numerous American cities, alleging that Uber's policy of violating taxi regulations was a form of unfair competition or a violation of antitrust law. [7] Although some courts did find that Uber intentionally violated the taxi rules, Uber prevailed in every case, including the only case to proceed to trial. [ 8 ]
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 ...
These issues involve low wages, poor working conditions, inadequate health care, as well as issues involving the company's strong anti-union policies. In November 2013, the National Labor Relations Board (NLRB) announced that it had found that in 13 U.S. states Walmart had pressured employees not to engage in strikes on Black Friday, and had ...
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While we've taken many steps towards this objective already, today, we are taking even more". [63] In a statement in October 2021, the company stated that more than 20 employees, including developers and managers, had "exited" the company as a part of their internal evaluation, and more than another 20 employees were reprimanded for their actions.
Business ethics operates on the premise, for example, that the ethical operation of a private business is possible—those who dispute that premise, such as libertarian socialists (who contend that "business ethics" is an oxymoron) do so by definition outside of the domain of business ethics proper. [citation needed]