Corporate Scandal

A corporate scandal refers to a significant incident involving unethical, illegal, or dishonest behavior by a corporation or its representatives that causes public outrage or damage to the company’s reputation. Such scandals often involve fraudulent financial practices, corruption, embezzlement, insider trading, or violations of laws and regulations. The fallout from corporate scandals typically includes legal consequences for individuals or the organization, loss of consumer trust, declines in stock prices, and increased scrutiny from regulators and the media. These events can significantly impact stakeholders, including employees, investors, customers, and the broader community.