What is the name of your organization? Name of my organization is TD Bank, America 's Most Convenient Bank. TD Bank, America’s Most Convenient Bank, is one of the 10 largest banks in the U.S., with over 25,000 Employees and deep roots in the community dating back more than 150 years. What are your organization’s primary products and/or services? TD Bank offers a broad array of retail, small business and commercial banking products through our 1,300 retail Stores throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida.
They discovered that government officials were bribing businesses. They have caught politicians and congressmen on camera taking illegal payoffs. Although American Hustle is based on a true historic event, many critics and movie watchers have point out that there are
U.S. Grant 1869-1877 Credit Mobilier, Whiskey Ring-1872/1875. 7. In the Credit Mobilier affair, members of the Credit Mobilier construction company gave stock and cash bribes to congressmen to avoid the discovery of immense profits from transcontinental railroad subsidies. In the Whiskey Ring, federal revenue agents and whiskey producers plotted to divert millions in government tax revenues. These instances showed the corruption of alliances between big business and government and made Americans distrustful of politicians’ motives.
CVS Health is one of the many competitors in the pharmacy retail industry with a focus on retail stores and health clinics within their stores. Currently ranked #10 on the Fortune 500 list (Fortune), CVS Health has over 7,800 retail drugstores throughout the states and Puerto Rico as well as in Brazil, 1000 Minute Clinics, and over 1.7 billion prescriptions filled/managed annually with over 217,000 employees (CVS Health). CVS Health has one of the most successful loyalty programs in all of the U.S. The ExtraCare loyalty program has over 70 million card members. The loyalty program is so effective in the sense that it is tailored to the individuals based on their purchase history.
As of January 30, 2016, the end of its fiscal 2015 year, Ulta Beauty operated 847 retail stores across the US, and has already continued its rapid expansion since then (Ulta Beauty, 2016.) Mary Dillon has served as CEO since 2013, beginning her journey with Ulta Beauty at the start of the company’s aggressive expansion (Holmes, 2016). She has helped the company transition very well from its previous leadership and has also done her part to ensure Ulta’s continued progress and success. According to Walter Loeb in an article on Forbes.com (2016), Dillon was recognized as a Power Player by the National Retail Federation Foundation in January 2016, and is “committed to strengthening Ulta’s brand awareness by utilizing digital, social and broad scale advertising to drive brand
The Wells Fargo Fake Account made national headlines in mid-2016 different from other historical scandals such as Enron and Volkswagen engineers and their emissions “workaround.” The Wells Fargo scandal did not include a few wrongdoers within the organization, instead the unethical behaviors was widespread at the bank with thousands of employees being involved. According to a lawsuit filed by the state of California against Wells Fargo in May 2015, it claims employees engaged in “unlawful and fraudulent conduct, including opening customer accounts and issuing credit cards without authorization” and the bank “has known about and encouraged these practices for years.” The suit also cites “the results is that Wells Fargo has engineered a virtual fee-generating machine, through which its customers are harmed, its employees take the blame, and Wells Fargo reaps the profits.” The shocking scandal of 2016 is employees of Well Fargo secretly created over 2 million new bank and credit card accounts for over 15,000 customers without their knowledge, resulting in overdraft and other fees. This ethical dilemma also resulting in 5,300 Wells Fargo employees’ termination, and copious amounts of fines and monies reimbursements to be paid to consumers and the government.
Thus, Wells Fargo applies the corporate strategy as the company has focused its operations in the banking industry. Wells Fargo tends to be the market leader in providing financial services (Touryalai, 2013). It is available in almost all industries including energy, government, technology, education, agribusiness and many others. They offer mortgage, banking, insurance, investment, and commercial finance (Wells Fargo
Below is a chart of known investigations against companies by industry and against individuals (Miller & Chevalier, 2015).The key FCPA legislation dictates any U.S. company that uses travel, gifts and entertainment to market its offerings to potential customers internationally must obey and understand the accounting and anti-bribery points of the act. Specifically, the act concentrates on illegal interstate business that offers bribery to any foreign entity to gain improper advantage (Boedecker, 2011)
Wall Street, in collusion with Washington by means of campaign financing and political donations, has been deregulating financial markets since the 80s in order to benefit themselves. Profiting from riskier and more corrupt behaviour, the relationship between Wall Street and Washington became cosier in the belief what was good for Wall Street was good for Main Street (Giltin, 2011 p.7, 10, 11). The American public began to exert their feelings of frustration with the occurrence of The Global Financial Crisis (GFC). Pointing the finger largely at Wall Street, Americans blamed the greed and corruption of financial institutions for inciting the crisis. The feelings of distain were only further enhanced when tax payer bailouts saved Wall Street from a problem that was essentially self-created.
Organizational Structure Bank of America is an American financial services corporation and is the second largest bank holding organization by assets, in the United States. The headquarter of the financial organization is situated in Charlotte, North Carolina. The bank has approximately 5,700 retail banking offices and 17,250 ATMs in the United States. The online banking system of the bank has more than 30 million active users. In this particular article, we will discuss about the Bank of America corporate hierarchy that is one of the most important factors responsible for the phenomenal growth and prosperity of the organization.
Many officeholders, legislators, and members of Academia argue that the supreme court decision Citizens United v. Federal Election Commission has single-handedly destroyed American democracy as we know it. This case is one of many that, in essence, allows legalized bribery to occur within the American political system, with most large money contributions to politicians coming from sizably influential corporations. Although many elected officials believe corporate money in politics strengthens democracy, it contrarily damages democracy and is the reason campaign finance reform is the greatest issue facing American politics. Since 1976, the US Supreme Court has ruled in favor of cases like Buckley v. Valeo and First National Bank of Boston v. Bellotti, which claims corporations are considered people; and based on First Amendment rights, people are allowed to spend their money within the political arena. Citizens United v. FEC is the supreme court decision that has led to further corruption within the American campaign finance system, while halting efforts to minimize money in politics.