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December 13, 2005

Excerpts: The Battle For The Soul of Capitalism - Part XIX

By: 800-CEO-READ @ 7:56 PM – Filed under: Management & Workplace Culture

Box 1.3 Bad Apples or Bad Barrel? Phase I


Corporate America Restates Its Earnings

While the miscreants of corporate America are often dismissed as a few “bad apples,” the abuses of the barrel of capitalism have been pervasive. The corporations listed below, many with market capitalizations of $100 billion or more, have restated earnings or been involved in settlements with the Securities and Exchange Commission (without admitting or denying guilt). Their aggregate market value, measured at their individual highs, totaled some $3 trillion, an enormous part of the giant barrel of corporate capitalism.

Adelphia
American International Group
Avon
Boeing
Bristol-Myers Squibb
Cendant
Ceridian
Citibank
Coca-Cola
Computer Associates
Conseco
Critical Path
Dynegy
Enron
Fannie Mae
Fleming Companies
Freddie Mac
Gateway
GemStar—TV Guide
International
General Electric
Global Crossing
Halliburton
Hanover Compressor
HBO McKesson Robbins
HealthSouth
Homestore
Household International
Informix
Interpublic
Kimberly Clark
Kmart
Kodak
Krispy Kreme
Legato Systems
Lernout & Hauspie
Lucent Technologies
Marsh McClennan
MBIA
Merrill Lynch
MGIC
Micro Strategy
Microsoft
Network Associates
Oxford Health Plans
Peregrine Systems
PNC Financial Services
Qwest Communications
Raytheon Corporation
Reliant Resources/Energy
Rite Aid
Royal Dutch/Shell
Safety Kleen Corp
Silicon Graphics
Spiegel
Sunbeam
Symbol Technologies
The Shell Transport Co.
Time Warner
Trump Hotels & Casino Resorts
Tyco
Warnaco Group
Waste Management
WorldCom


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