General Question

NerdyKeith's avatar

What are some of the more notable cases of corporate corruption amongst big industries?

Asked by NerdyKeith (5489points) October 13th, 2016
Observing members: 0 Composing members: 0

10 Answers

2davidc8's avatar

The Wells Fargo fiasco comes immediately to mind.

ARE_you_kidding_me's avatar

Mylan, Kalobios, Enron and Goldman-Sachs are my first thoughts

Call_Me_Jay's avatar

Operation Berkshire is the name of a program initiated in 1976 by seven of the world’s major tobacco companies aimed at promoting “controversy” over smoking and disease.’

Zaku's avatar

This list is endless…

Volkswagen programming its cars to cheat on emissions tests.

Various accounting scandals listed here .

The collapse of US banking in 2008 because of ridiculous sub-prime housing loans etc, which should have led to the failure of many banks, but which the US government bailed out, leading to massive profits at the massive expense of the people and massive impact on the US economy.

All cases where corporations destroy people’s lives and the environment and get away with as little reparations as possible.

Executives who tank their companies and receive massive profits from it (e.g.former presidential candidate Mitt Romney).

Examples of government corruption by corporations:

Monsanto writing the Monsanto Protection Act.

The farm industry writing a law prohibiting publicizing information about factory farm practices.

Many other laws written by corporations.

The revolving doors between corporate figures and governmental offices and lobbyists.

Espiritus_Corvus's avatar

Yes. The sub-prime thing. Sonsofbitches really fucked things up for a lot of people world-wide. I keep watching the film The Big Short over and over again to try to understand it. What a bunch of greed-obsessed bastards.

cinnamonk's avatar

Those bastards at Enron come to mind.

Espiritus_Corvus's avatar

How about the fact that billions of US tax dollars are spent every month in food stamps and other relief programs to feed, house, clothe and provide county healthcare to millions of underpaid workers. We unnecessarily subsidize corporate work forces when all that is needed is a decent minimum wage. Then we subsidize those and other profitable corporations with tax breaks and infusions of billions in their own welfare programs. It’s a helluva scam and a helluva national embarrassment.

Judi's avatar

Halliburton and Monsanto are the first two that came to my mind

Strauss's avatar

Companies like Wal-Mart come to mind when I read the Crow’s post above.

The fact that these companies spend so much on lobbyists so they don’t have to spend so much on wages really irks me.

Espiritus_Corvus's avatar

^^A sleeping bulldog with a party hat? Strauss, you are hilarious.

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