Category : Search result: corporate collapse


ANZ Bank fined £375k for major governance failures

Australia's ANZ Bank has been slapped with a hefty A$750,000 fine for 'widespread' corporate misconduct and failing to maintain proper share dealing policies for its directors, following a landmark Federal Court ruling.

Perth Property Giant Collapses Owing Millions

Perth-based construction firm Tingey Development Group has entered administration, collapsing with massive debts. The shock failure leaves a trail of creditors and unfinished projects across the city.

Corporate Ayahuasca Empire Collapses in Spiritual Fraud Scandal

An explosive investigation into the spectacular rise and catastrophic fall of the world's first corporate ayahuasca venture. Discover how desperate individuals paid a fortune for fabricated healing ceremonies, leading to a global scandal that shook the we

Nestlé CEO fired after secret affair with marketing VP

Nestlé CEO Mark Schneider has been abruptly fired after a secret romantic relationship with a marketing executive he promoted to Vice President of Americas Marketing just 18 months after meeting her, in a dramatic corporate governance scandal.

Nestlé UK CEO sacked over undisclosed relationship

Nestlé's UK & Ireland boss, Stefano Agostini, has been abruptly dismissed after nearly four decades with the company for failing to disclose a personal relationship with a colleague, breaching strict corporate governance rules.

Cracker Barrel's 'Woke' Rebrand Sparks Fury and Sales Crash

Iconic US restaurant chain Cracker Barrel faces a fierce customer backlash and plummeting sales after a drastic 'woke' rebrand alienates its conservative core base. The brand's attempt to modernise its values has been met with accusations of betrayal and

Evergrande Delisted from Hong Kong Stock Exchange

China Evergrande Group, the embattled property developer at the heart of the nation's real estate crisis, has been formally delisted from the Hong Kong Stock Exchange. This marks a dramatic endpoint for a firm whose staggering $300bn debt sent shockwaves

Sacked exec's hotel nightmare after company card axed

A high-flying banker was sacked via email and then faced a luxury hotel bill nightmare after his corporate card was instantly cancelled. This is the story of his desperate night in a Mayfair penthouse.

AI Expense Scandal: Workers Forge Receipts with ChatGPT

Exclusive investigation reveals a surge in employees using artificial intelligence to fabricate expense claims, costing British firms millions. Experts warn of a 'new frontier' in corporate fraud as AI tools become sophisticated enough to generate convinc

CBS exec demoted in diversity policy shake-up

CBS executive Katherine Merrill has been demoted from her role as Senior Vice President of Communications, sparking debate over Diversity, Equity, and Inclusion policies in corporate America.

UK CEOs get third year of record pay rises

Top executives in the UK have enjoyed another year of soaring salaries, with pay packages hitting record highs as the gap between corporate leaders and average workers widens.

Tech CEO earns £94M - 1,300x worker pay

A little-known tech company has come under fire after appointing a new CEO with a staggering £94 million salary package, dwarfing the average employee wage by 1,300 times.

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