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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 Society for Human Resource Management reports that one in five American employees left their jobs in the past five years due to a bad company culture. The turnover due to negative work ...
Toxic workplaces are created by the actions of toxic employers or employees; that is, individuals who are motivated by personal gain, whether driven by power, money, fame, or special status, utilize unethical means or behaviors to psychologically manipulate, belittle, or frustrate those around them, or divert attention away from their personal inadequate performance or misdeeds.
The incident is seen an example of cancel culture and consumer backlash. The Harvard Business Review cited the incident as an example of an attempt to "resonate with younger, more socially-conscious audiences", but that it "generated downstream adjustments from retailers and distributors" that negatively hurt the product's performance. It ...
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The Great Resignation and the stresses of the pandemic have highlighted the importance of a healthy work culture, but one business school dean says poor leadership can create "rifts" in organizations.
They accused the company of facilitating a culture of rampant sexual harassment. According to their filings and subsequent interviews, [ 361 ] the women were consistently subjected to catcalling, unwanted advances, unwanted touching, and discrimination while at work.
Fixing a toxic or negative company culture is possible, according to the study, but requires great communication and listening. Employees that are well-informed and updated on recent company news ...