What are some of the most scandalous business events of 2013
Class action suit targets 13 stock exchanges for high-frequency trading. From the NSA leaks to the horse meat in Ikea meatballs, 2013 was an eventful one on the scandal front.
Edward Snowden and the NSA leaks
The scandal of the year: The U.S. government does not know the extent of the secrets Edward Snowden took with him when he left the country with last June. Issues; security clearance, sensitive data. The scandal, of course, is still unfolding.
The disastrous debut of Healthcare.gov
The glitches were website crashes, low enrollment numbers. During the first month, the site was offline more than it was online.
JP Morgan, scandal machine
USA's biggest bank is often in the news past the credit crisis that it avoided. There are fresh investigation into the bank's questionable recruiting practices in China, other scandals related to Bernie Madoff, mortgage-backed securities, manipulation of electricity markets, and the London Whale. Not a great year.
GlaxoSmithKline bribery scandal
Chinese officials detained employees of the British pharmaceutical company last summer for allegedly using travel agents to bribe doctors, hospitals, and government officials to sell more expensive drugs in the country. GSK is cooperating with the investigation, but sales still fell 60% in the third quarter. Other multinational drug companies in China, believed to fall under similar suspicion, have changed their marketing practices.
European horse meat scandal
The European Union's heavily regulated food and drug industries could not keep horse meat, secretly substituted for beef, out of a number of foodstuffs, from lasagna to beef burgers to Ikea's meatballs. The cases of "food fraud" first detected in Ireland last January were later discovered, to much dismay, in countries across the continent. Organized crime groups are suspected to have been the fraudsters.
The poop cruise
Four thousand cruise-goers aboard the Carnival Triumph were stranded at sea for four days in February without power or working toilets, due to a fire in one of the ship's generators. Lawsuits are pending.
Lance Armstrong
After years of denials and deflective finger-pointing, Lance Armstrong, cancer survivor and cycling champion, came clean in January.The cyclist lost all of his major sponsors and cut his ties to the Livestrong foundation.
Hear it from the horse's mouth: Some of the 28 experts/speakers are: Stine Bosse (Chairman and board member of several global companies) Torben Nielsen (Ex-Governor Danish national Bank) Stig Nielsen (FSA) Finanstilsynet, Kim Aarenstrup Director of The Danish Cyber Crime Center and an experienced team of experienced GRC and IT officers from Maersk, Microsoft, Novozymes. Danske Bank, Nets, Grundfos, Lego, Volvo, Coloplast, Microsoft, Damco, Vestas, VP Securities etc. Academics from the universities of Copenhagen, Aarhus and CBS will present their research
