Jefferies CEO Claims First Brands Defrauded Bank Amid Stock Drop
Jefferies' CEO claims the company was defrauded by First Brands, highlighting a significant corporate misconduct issue.
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Corporate Scandal
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Suntory CEO Resigns Amid Drug Investigation
Takeshi Niinami has resigned as chairman of Suntory Holdings amid a police probe into his alleged purchase of a potentially illegal supplement, highlighting a significant corporate scandal in Japan.
Jollibee Blames Fraudsters for Raffle Controversy and Disqualifies Winners
Jollibee, a major Filipino fast-food chain, blamed fraudsters for rigging its online raffle results, leading to a government investigation and corrective measures, including disqualifying invalid winners and suspending future draws. The incident raised concerns over fairness and authenticity, with some winners' names appearing fictitious or AI-generated, prompting the company to ensure transparency and compliance with authorities.
Astronomer CEO Resigns After Viral Coldplay Kiss-Cam Incident
Astronomer CEO Andy Byron resigned after a viral video of him at a Coldplay concert with a woman, widely believed to be his HR chief, sparked controversy and led to a company investigation, emphasizing the company's commitment to its values and culture.
German Authorities Raid Adidas HQ in Ongoing Tax Probe
Adidas' headquarters in Germany was raided as part of a tax investigation concerning customs and tax regulations for imported products over the past five years. The company has cooperated with authorities by providing necessary documents and does not anticipate significant financial repercussions. This investigation follows Adidas' recent controversies, including its split with rapper Ye. Despite the raid, Adidas shares saw a slight increase in extended trading.
Ubisoft Execs Arrested in Year-Long Sexual Harassment Probe
Five former Ubisoft executives, including former chief creative officer Serge Hascoët and former VP of editorial and creative services Tommy François, have reportedly been arrested following a year-long sexual assault and harassment investigation within the company. The case is being handled by the public prosecutor's office in Paris after complaints were made by a union and two victims. Ubisoft, which faced multiple allegations in 2020, stated that it has no knowledge of the recent developments. The company had previously committed to making significant changes to improve its corporate culture and workplace environment.