Discussion What is the worst company, in your opinion, and why?

[ThatStateOfMind]

There are many companies that could fit this description, and I feel this question could vary depending on your concerns.

My pick is ExxonMobile. They're a huge contributor to climate change and carbon emissions, and they've been linked to massive oil spills as well as environmental disasters. It's worse because they KNOW the consequences of what they do and continue to do it. Documents revealed decades ago that the company did research on fossil fuels, knew they were bad, and downplayed it and actively lobbied against climate change.

The reason I think this is the worst is because the effects of climate change aren't localized: extreme weather, sea level rising, etc., affect millions worldwide.

This was a hard question for me, as I was choosing between things like Equifax and it's huge data leaks, Meta for privacy concerns, and others, so I'm interested to see the answers.

 

[whywere]

To me, it is not any certain company/firm.

It is the fundamental idea with some that they "should" have "executive compensation" while the rest hardly get by.

Be it whatever company/firm, in my almost 50 years in the business world, I have seen it way too many times of someone "stealing" in my point of view, way too much money and the rest of the employees and/or the firm gets zero.

Seen "executives" get hired, run a company into the ground, get fired and have a diamond studded parachute package while others either get laid off or get salary reductions.

It will not be in my lifetime, but I hope that someday money goes away and we can work towards bettering each other instead of time and energy in the pursuit of riches.

Walter

 

[owo]

palantir and blackrock i think no explanation required

 

[Mr.Tristesse]

United Health Services operates a huge chain of for-profit psychiatric hospitals. Unethical pieces of sauropod crap

 

[BrokenByTheSystem]

For me, the worst part are the people and the government (well the government are the people in most countries) that allow and consent with all of this.

They consent when they accept a job in those companies just because of money, they don't need that much money to live but they need to keep their luxury lifestyle.

People will accept a reasonable good materialist life in exchange of helping the companies ruining the life of billions of others.

There's no excuse for that, they all are corrupted and selfish people.

 

[Forever Sleep]

I'm not massively knowledgable to compare but, Dupont springs to mind.

Maybe it's the regulatory bodies that are supposed to be overseeing these companies though. It sounded like the EPA and FAA both relied on Dupont and Boeing respectively to self regulate. When it should be obvious that companies often put profits over safety. What are these regulatory boards there for if they simply trust the companies they are supposed to be keeping in check?

 

[itsgone2]

It is the fundamental idea with some that they "should" have "executive compensation" while the rest hardly get by.

This is the essence of private equity. Rape a company of all profits. Increase prices to gouge the consumer. Layoffs. Ruining lives of whole families.

Company fails? Fine. Sell the physical assets. Pure evil. I don't think anything else comes close.