10 WORST Corporations of the year - unethical and harmful activities...

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CALL FOR Corporate Financial Scandals -
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In the past few months, this issue has amazingly sprung into the forefront of public consciousness through the revelations, one after another, of fraudulent or misleading accounting practices of such big-name companies.
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Making Big Corporations Accountable
THIS Should Be - "Top Priority"
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Captured public attention & interest like no other Show the behaviour of big companies and the need to make them more accountable.
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Citizen groups should make corporate accountability their prime concern. EMAIL SENATORS

A Summit to establish a global system to regulate the practices of corporations to prevent CORPORATIONS from further damaging the environment. Manipulating currencies, profits & markets; violating human rights of their workers or the local communities that suffer dislocation to make way for them.

It is now clear that several companies had been ‘dressing up’ their bottom lines to show healthy profits when in fact they were making losses. When the true situation was exposed, confidence not only in the specific companies but also in the stock markets generally plunged. Investors are doubting the accuracy of the corporations’ accounts, and this is undermining the basis of investing in stocks. Overnight, the stature of many corporate CEOs that once were icons and role leaders has now descended to record low levels. They are now seen as grossly overpaid, manipulative and even plain crooked. Thousands, even millions, of workers and investors have directly suffered the loss of large portions of their life savings as the value of stocks fell.

The implications are very significant for sustainable development. The most important corporate operating principle in many developed countries had been the maximization of short-term corporate profits.

The announcement of quarterly earnings by a company causes its stock price to rise or fall dramatically. To avoid being taken over, a company had to show high profits.

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Largest Seller of Annuity Plans...

A few Greedy Minds
Complete Failure in Leadership

Weigh In on the Financial Sector Crisis
AIG, Bear Stearns, Fannie Mae and Freddie Mac needed government bailouts or takeovers to survive. Lehman Brothers is in bankruptcy. Merrill Lynch has been sold. The shocking succession of corporate meltdowns signals a massive leadership failure across the financial services landscape, according to Wharton faculty. Executives at these troubled firms may have ignored or failed to see the level of risk their companies were taking on in a crusade to enhance results and their own compensation. When markets turned against them, their firms -- big as they were -- crumbled.

Wharton Business School Professors

Wharton management professor Peter Cappelli says this type of lapse in leadership dates to the 1980s when companies began to focus on aligning executive incentives with shareholder interests.

He believes an excessive focus on individual financial goals, at the expense of managing in the best interests of the company overall, is at the root of the leadership debacle that has rocked the financial services sector.

to report someone else's unethical activities should not be made lightly. ... It is not right, however, to just allow extremely harmful unethical behavior

http://www.ethicsworld.org/corporategovernance/viewsandanalysis.php#leadershipfa...

It's "Cheaper" to steel from the public and pay the fines from Government than to take out a loan?

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