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10 Most Unethical Business Actions

By SiliconIndia  |   Monday, 23 July 2012, 02:37 Hrs   |    3 Comments
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Bangalore: Many of you might be working in private enterprises but have you ever heard of companies committing homicide for profits; ever neglecting the employee safety; usurping others ideas and properties; enslaving people? Here are the answers to all these questions.



History has ever been shocking; whether it is about success or failure. We have heard how some people got the throne and others were put behind by unethical means. It is the same with certain companies. Many of the well-known enterprises have dark seamy sides that are covered up with polished brand images.



Have a look at the following companies and their unethical moves.



 



#10 Wal-Mart: The Inhumane



Wal-Mart has always been hailed as the ‘company No. 1’ in the world with $421 billion yearly turnover. But the stories happen off-stage are truly awful. The following story is such a one, which is the most apt example for the unethical and uncompassionate treatment the employees have to receive from big bugs.



In 2000, a collision with a semi-trailer left the 52-year-old Deborah Shank with permanent brain damage. She remains in a wheelchair ever since. Her family was fortunate enough to have an accident settlement of $700,000 from the company. But they were unaware of the tricky clauses included in their agreement with the company.



After meeting the legal costs and other expenses, they could put the remaining $417,000 in a special trust to care for Mrs. Shank. Six years later, it thus happened that the providers of Mrs. Shank’s health plan sued the Shanks for the $470,000 it had spent on her medical care.



Mrs. Shank’s employment contract proved that money won in damages after an accident belonged to Wal-Mart. So the money they got had to be given to the company. The court was forced to rule in favor of Wal-Mart. Then the Shanks had to rely on Medicaid and social-security payments for her health care. Wal-Mart may rethink about their inhumane move considering the public outcry, hopefully!



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Reader's comments(3)
1: I can't get more than 2 of 10 to show. The next button shows only two pages.
Posted by:Sunny - 02 Jan, 2013
2: Good summary on the ugly side of greedy Capitalism. What bothers me more is that most of these companies still existing and flourishing. Some of these companies are entered into India also, but we are blind to see their abominable side as they are providing jobs in this country. More horrible things will happen in near future in India also in the name of "DEVELOPMENT".
Posted by:Jose - 07 Aug, 2012
3: OMG!! It is indeed so cruel. and the last one disturbs me more. i have heard of such cruel stories how African slaves were treated. And i am feeling lucky to take birth in this century that too in India. But in India or any other part of the world, the same kind of stories repeat. but they are seldom reported.
Posted by:Anamika Agarwal - 23 Jul, 2012
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