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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 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 ...
Image credits: meghanomicon "Social media is another powerful tool; calling out misleading practices can create public pressure on brands to be more accountable.
The results measures taken to increase ethical performance are associated with positive benefits to shareholders. [ 8 ] A desire to look at industries that have "a heavy impact on culture and the way people think” inspired a collaboration in reporting by Covalence SA, Ethical Investment Research Service (EIRIS) and the WWF.
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 ...
Ecolab Named One of the World's Most Ethical Companies for Seventh Consecutive Year. Ethisphere recognizes Ecolab for ethical business practices and industry leadership. ST.
According to a report completed by Calvert Investments just a few months ago, most companies in the S&P 100 are improving their diversity initiatives and reporting, while a handful are falling far ...
A spokesperson for the Cargill Phosphate company called it one of the worst environmental disasters to strike Tampa Bay in years, a "10 on a scale of 10." [ 40 ] Eight years after the disaster at Cargill Phosphate Company—Mosaic's Riverview Chemical Plant—Mosaic undertook initial cleanup and restoration of the mangroves and wetlands that ...