Discussion What is the worst company, in your opinion, and why?

[ThatStateOfMind]

There are many companies that could fit this description, and I feel this question could vary depending on your concerns.

My pick is ExxonMobile. They're a huge contributor to climate change and carbon emissions, and they've been linked to massive oil spills as well as environmental disasters. It's worse because they KNOW the consequences of what they do and continue to do it. Documents revealed decades ago that the company did research on fossil fuels, knew they were bad, and downplayed it and actively lobbied against climate change.

The reason I think this is the worst is because the effects of climate change aren't localized: extreme weather, sea level rising, etc., affect millions worldwide.

This was a hard question for me, as I was choosing between things like Equifax and it's huge data leaks, Meta for privacy concerns, and others, so I'm interested to see the answers.

 

[whywere]

To me, it is not any certain company/firm.

It is the fundamental idea with some that they "should" have "executive compensation" while the rest hardly get by.

Be it whatever company/firm, in my almost 50 years in the business world, I have seen it way too many times of someone "stealing" in my point of view, way too much money and the rest of the employees and/or the firm gets zero.

Seen "executives" get hired, run a company into the ground, get fired and have a diamond studded parachute package while others either get laid off or get salary reductions.

It will not be in my lifetime, but I hope that someday money goes away and we can work towards bettering each other instead of time and energy in the pursuit of riches.

Walter

 

[owo]

palantir and blackrock i think no explanation required

 

[Mr.Tristesse]

United Health Services operates a huge chain of for-profit psychiatric hospitals. Unethical pieces of sauropod crap

 

[BrokenByTheSystem]

For me, the worst part are the people and the government (well the government are the people in most countries) that allow and consent with all of this.

They consent when they accept a job in those companies just because of money, they don't need that much money to live but they need to keep their luxury lifestyle.

People will accept a reasonable good materialist life in exchange of helping the companies ruining the life of billions of others.

There's no excuse for that, they all are corrupted and selfish people.

 

[Forever Sleep]

I'm not massively knowledgable to compare but, Dupont springs to mind.

Maybe it's the regulatory bodies that are supposed to be overseeing these companies though. It sounded like the EPA and FAA both relied on Dupont and Boeing respectively to self regulate. When it should be obvious that companies often put profits over safety. What are these regulatory boards there for if they simply trust the companies they are supposed to be keeping in check?

 

[itsgone2]

It is the fundamental idea with some that they "should" have "executive compensation" while the rest hardly get by.

This is the essence of private equity. Rape a company of all profits. Increase prices to gouge the consumer. Layoffs. Ruining lives of whole families.

Company fails? Fine. Sell the physical assets. Pure evil. I don't think anything else comes close.

 

[ThatStateOfMind]

palantir and blackrock i think no explanation required

Yeah, those sort of speak for themselves.

United Health Services operates a huge chain of for-profit psychiatric hospitals. Unethical pieces of sauropod crap

I actually don't think I've heard of this one before. Is this the same as UnitedHeathCare, where that CEO was assassinated?

I'm not massively knowledgable to compare but, Dupont springs to mind.

Maybe it's the regulatory bodies that are supposed to be overseeing these companies though. It sounded like the EPA and FAA both relied on Dupont and Boeing respectively to self regulate. When it should be obvious that companies often put profits over safety. What are these regulatory boards there for if they simply trust the companies they are supposed to be keeping in check?

Yeah I can definitely see this. No corporation should be allowed to self-regulate because profits will come first and foremost always. I have yet to read much about DuPont but I have read about Boeing.

This is the essence of private equity. Rape a company of all profits. Increase prices to gouge the consumer. Layoffs. Ruining lives of whole families.

Company fails? Fine. Sell the physical assets. Pure evil. I don't think anything else comes close.

Yeah I agree with you and Walter on this. It's insane that these large companies lay off thousands at a time and people barely bat an eye. I often wonder where these thousands who are laid off even go. And, of course, as you mentioned, if the company goes under, the executives can sell the company and some are given cushy severance packages if they're laid off.

 

[Seneca65AD]

All of the above and more; United Health Group (burn in hell Brian Thompson), Blue Shield, Aetna, Centene, Elevance, etc. I've sued them all and they are all horrible. The medicine for profit model is a failed experiment. Canada is not much better but it is better. One can get immediate surgeries when needed (cardiac, neurological, etc). Knees and hips do take a long time to get scheduled. Obviously there are situations where the Canadian medical system fails its patients, but the rates are much lower than in the US. Of course, none of the above matters if you are one of the poor bastards who is harmed by the "system".

 

[Life's not a comedy]

I thought you meant what types of people and had a different answer.

 

[Celerity]

palantir and blackrock i think no explanation required

For anybody who doubts the sadism of Palantir's executives:



My first pick would probably be an insurance company, but Palantir is a good choice as well.

All of the above and more; United Health Group (burn in hell Brian Thompson), Blue Shield, Aetna, Centene, Elevance, etc. I've sued them all and they are all horrible. The medicine for profit model is a failed experiment. Canada is not much better but it is better. One can get immediate surgeries when needed (cardiac, neurological, etc). Knees and hips do take a long time to get scheduled. Obviously there are situations where the Canadian medical system fails its patients, but the rates are much lower than in the US. Of course, none of the above matters if you are one of the poor bastards who is harmed by the "system".

The entire system is rotten here in the US. I have seen some ugly shit in the hospital as a worker and now nursing student. The insurers, the hospital systems, the pharmaceutical companies, the medical device companies, many doctors….they all have to get their fucking cut.

To make matters worse, this psychopathic greed just inflames conspiracy theories about medical science. People assume from the jump that you just want to take their money, their health be damned, and they will fight you every step of the way in their care when you are just trying to save their life.

Our society is toast. I'll be damned if the US is still united 50 years from now. If it is, those poor bastards……

If I can't get the hell out of this shithole on a plane, I will in a casket.

 

[BradGuy123]

I would say all companies are bad. Executives do mass layoffs, outsourcing, and automation. They ruin careers and lives by doing this - cause people to lose their homes and their livelihoods. What do they get for doing all this? Huge bonuses. They get rich by stepping on people and screwing them over. They are sociopaths and it should be illegal. I think this kind of thing should be criminal punishable by prison time.

 

[U. A.]

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[FoxSauce]

Autism speaks- heard bad thing from that charity

 

[fadedghost]

Verizon is horrible, but I'd probably go with United Health Care based on their using AI to deny claims, and tweaking the AIs to increase profit margins by telling the AIs to reject more claims, leading to some claims to just randomly be rejected by AIs for no reason to comply with the instruction set.

 

[insectontrial]

The NHS. Every time I've tried to use them for physical health issues, I've been accused of having psychosomatic issues or anxiety linked to my autism (I'm diagnosed with autism, but not anxiety). It is only when I push for scans or go elsewhere (private providers, or, on one occasion, SpecSavers when the NHS didn't believe I had a genuine eye injury, which the opticians picked up on instantly) that I get answers.

 

[hurts2b]

Nestle for all the baby murder they did back in the day and for the child slavery they may or may not still be doing.