imo, the most vivid eg of corporate malfeasance has been the intentionally frauds committed by Enron senior management, mssrs Ken Lay / Jeffrey Skilling / Andrew Fastow, and its outside auditors, Arthur Andersen. Enron borrowed a lot of money, incurred a lot of bad debt and used "mark-to-market" accounting practices to hide the financial problems, which helped to artificially inflate the company's stock price. yet, its outside auditor, Arthur Andersen, continued to give its financial statements a clean bill of health, Lay / Skilling / Fastow shed hundreds of millions of their own company's stock before the share price could fall. Perhaps worst of all, Skilling and Lay encouraged investors and employees to continue pumping money into the company even as they knew about the company's imminent demise; more investment only helped the share price they sold their stock for. In all, Enron stockholders lost about $25 billion, in my books, after Enron, these are other egs that come to mind Pharmaceutical Maker Roche: "Saving lives is not our business" Halliburton's Spoiled Food for Soldiers United Fruit (Chiquita Banana) 's Overthrow of the Guatemalan Government WellPoint's Breast Cancer Algorithm Visits from Ford Motor Company's Sociological and Service Departments Goldman Sachs Sells Investors its Doomed-to-Fail Fund complex mortgage-backed investments (CDOs) Yaguarete Pora S.A. Bulldozing Protected Amazon Tribe's Land Wal-Mart Janitor Lock-ins Union Carbide's Bhopal Disaster IBM's Tech Support for the Holocaust
