News Coverage of Business Crises During 2002
- Topics:
- Crisis Communication
- Tags:
- Crisis,
- Industry,
- Management,
- Strategy
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Overview: Enron, Worldcom, Arthur Anderson, Tyco, Martha Stewart, ImClone, Merrill Lynch -- familiar names that became more familiar in 2002. Companies that had been the darlings of investors, almost overnight became symbols of greed, mismanagement, fraud and white-collar crime. 2001 was the most crises filled year. The downturn in the economy, the collapse of the dot.com industry, contaminated foods, tires, defects and recalls in aircraft, car/truck manufacturing and pharmaceuticals, and securities industries all contributed to an increase in the number of crises in 2001. Almost all the scandals that beset the most crisis prone industries were the result of insiders – mostly top executives and upper-level managers. But the damage went far beyond the reputation and careers of those executives.
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Format: HTML | Date: May 2003 | Pages: 1
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