Corporate Collapse and Scandal Quiz

A corporate collapse typically involves the insolvency or bankruptcy of a major business enterprise, while a corporate scandal involves alleged or actual unethical behavior by people acting within or on behalf of a corporation.

Many recent corporate collapses and scandals have involved false or inappropriate accounting of some sort (see list at accounting scandals).

The following list of corporations involved major collapses, through the risk of job losses or size of the business, and meant entering into insolvency or bankruptcy, or being nationalized or requiring a non-market loan by a government.

<p>Australia &amp; New Zealand Banking Group scandal involving misleading file notes in the Financial Ombudsman Service (Australia) presented to the Supreme Court of Victoria. Australia &amp; New Zealand Banking Group allegations of racial bigotry toward billionaire businessman Pankaj Oswal and his wife. Court was presented with emails where an ANZ staff member comments to ANZ CEO Mike Smith: 'We are dealing with Indians with no moral compass and an Indian woman as every bit as devious as PO (Mr Oswal).' Australia &amp; New Zealand Banking Group toxic culture. Court case where allegations were made by ex-employees that the bank's senior management tolerated drugs and strip clubs. Australia &amp; New Zealand Banking Group alleged manipulation of the Australian benchmark interest rates.</p> Signup and view all the answers

<p>Allegations against Australia &amp; New Zealand Banking Group include racial bigotry, toxic culture, and manipulation of the Australian benchmark interest rates.</p> Signup and view all the answers

<p>Enron, Worldcom, Lehman Brothers, and Parmalat are examples of major corporate collapses.</p> Signup and view all the answers

<p>False or inappropriate accounting, unethical behavior by people acting within or on behalf of a corporation, and entering into insolvency or bankruptcy are common factors in recent corporate collapses and scandals.</p> Signup and view all the answers

<p>The allegations against Australia &amp; New Zealand Banking Group involve misleading file notes, racial bigotry, toxic culture, and alleged manipulation of the Australian benchmark interest rates.</p> Signup and view all the answers

<p>A corporate collapse typically involves the insolvency or bankruptcy of a major business enterprise, while a corporate scandal involves alleged or actual unethical behavior by people acting within or on behalf of a corporation.</p> Signup and view all the answers

<p>Scandals involving Australia &amp; New Zealand Banking Group include misleading file notes, racial bigotry, toxic culture, and alleged manipulation of the Australian benchmark interest rates.</p> Signup and view all the answers