2007-01-26 18:05:45 · 5 answers · asked by we_are_chicago 1 in Business & Finance ➔ Corporations
The worship of money and as you read there are people here that are denying or are in denial. Corporations have so many legal ways that it would take an encyclopedia.
2007-01-26 19:06:51 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I don't believe they are. There is just a difference in perception between the share holders and the consumers with the management caught in the middle.
In big business, the shareholders put tons of pressure on the management to make as much money as possible for them. If the company misses its earnings estimates but just a tiny bit, heads will roll. This gives management big motivation to make the books look as favorable as possible.
On the other hand, the consumers demand cheap prices. If the company lowers prices to keep them happy, their earnings go down and the shareholders are upset.
At the same time, the employees are demanding expensive health care plans at very little cost to themselves, raises beyond what the job is actually worth, and all sorts of other benefits. This drives up expenses which cuts into earnings.
Trying to walk the balance between those parties is where companies can fall. Good management can negotiate these issues. Bad management turns to cooking the books.
2007-01-27 08:12:38 · answer #2 · answered by TaxGurl 6 · 0⤊ 1⤋
I don't agree that all of the corporations in America are corrupt, but the ones that are, are that way do to being lead by greedy people.
2007-01-27 02:24:25 · answer #3 · answered by Mariposa 7 · 0⤊ 1⤋
That is not a correct statement. And it is America.
2007-01-27 02:14:36 · answer #4 · answered by Anonymous · 0⤊ 1⤋
It is not...
2007-01-27 02:13:25 · answer #5 · answered by Anonymous · 0⤊ 1⤋