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Business - Hall of Shame

In the past months and years, there have been several notorious incidents of corporate leaders being revealed as corporate criminals. Unfortunately, this is not a new dynamic in the business world. The article: "Top 100 Corporate Criminals of the Decade" from the Corporate Crime Reporter provides a summary of the criminal charges brought against companies for a wide variety of unacceptable and illegal behaviors. Individuals are not generally named (most are identified by the company name only), but there is enough information given so you could easily find the personal names in other sources. Fortune also published an article: "Schemers and Scams A Brief History of Bad Business." A more recent adventures in notoriety: Enron Corp and WorldCom. There is much published generally on corruption in business and white collar crime. Stanford maintains a Securities Class Action Clearinghouse providing detailed information relating to the prosecution, defense, and settlement of federal class action securities fraud litigation.

Linked here is information about corporate raiders and other scoundrels. Some of these persons have been charged with criminal offenses and some have served jail time, but not all. A few have partially redeemed themselves by subsequent actions. This is by no means a comprehensive list, nor do the links provide a comprehensive analysis of the events. You will need to follow-up with your own research.

Paul Bilzerian (corporate raider)

Ivan Boesky (insider trading)

Robert Campeau

Crazy Eddie (fraud and racketeering)

John DeLorean

Al Dunlap ("Chainsaw Al")

Sir James Goldsmith

Leona Helmsley ("Queen of Mean", tax evasion)

Charles Hurwitz (raiding pension funds, etc.)

Carl Icahn (TWA)

Charles Keating (Lincoln Savings)

Dennis Kozwolski (Tyco)

Dennis Levine (insider trading)

Michael Milken (junk bonds)

Victor Posner (corporate raider)

John Rigas and family (Adelphia Communications financial fraud)

Martha Stewart (obstruction of justice regarding stock sales)

Samuel Waksal (insider trading at IMClone)

 

Content maintained by Susan Jackson, Business Librarian