The following is a list of major company shutdowns due to inappropriate behaviour and questionable actions. Raise your hand if you recognize one or two.
1. British Satellite Broadcasting
BSB (NOT the Backstreet Boys) was a British television program that provided broadcast satellite services in the United Kingdom. It was established in 1986, and by 1990, was broadcast on television. Its five channels were:
• The Movie Channel
• The Sports Channel
• Galaxy
• The Power Station
• Now
But BSB were facing some troubles as competition was high, and prices grew dramatically for film rights. Sometime after its debut, BSB, along with another satellite company called Sky, was struggling while facing great deals of losses. In November 1990, it was announced that Sky and BSB would join forces to become one company. They would change their name to British Sky Broadcasting (BSkyB), but marketed as Sky. With the new set, more channels for viewers were established, but the new implementation did not seem to help at all as now there is no such company as British Satellite Broadcasting.
2. Drexel Burnham Lambert
DBL was a Wall Street Investment firm which made its debut in 1933. It was considered to be the most successful firm of its time, being the fifth largest investment bank in the United States. However, things changed when DBL went bankrupt. Not only that, but a former DBL executive, Dan Stone, had stated that the bank’s aggressive culture created much dismay employees’ behavior, leading them to make unethical and illegal decisions and put them into action. For two years, DBL denied any wrongdoing, but by 1990, the bank was no longer. Instead, a new investment company called New Street Capital, has taken into place. It is a small investment group that holds 20 employees, founded in 1992.
3. Café Feugo
Café Feugo was a Cuban restaurant established by the then boyfriend of Oscar Winning actress, Halle Berry, in 2006. His name is Gabriel Aubry,. Aubry opened the restaurant out of love for Cuban food, and got his ideas for the food to provide in the restaurant from making research from all around the world. Of the environment of the restaurant, Aubry said that it is has a cozy and inviting ambience. Café Feugo got rave reviews from customers, but closed only two years after its debut.
4. Aloha Airlines
Aloha Airlines was a well established company that opened its run in 1946. It took passengers through the Hawaiian Islands, and was known as “The People Airline.” Unfortunately, the big success of Aloha Airlines was cut short due to bankruptcy. Rising costs and economic retractions in Japan, as well as the emergence of go! Airlines, proved to be difficult for Aloha. Their last flight took place on March 31, 2008. Those who were recurring customers of Aloha were sad and angry of the move. One passenger said: “[Aloha's closing] is really sad for me. I always fly Aloha…it sounds a little strange, but I feel like they’re part of my family and now they’re gone just like that.”
5. Music Zone
Music Zone was a music retailer company in the United Kingdom, formed in 1984 by Russ Grainger. It was one of the most successful music companies, being the third largest ever. But 2007 proved to be a difficult year for Music Zone. Being the most successful does not mean the company will survive. Despite the much hard work and initiative from business management, Accountancy firm Deloitte was appointed administrator after the firm failed to find a new buyer. Music Zone saw a layoff of 1,100 employees when it shut down.





















Core Management Consultants is a company based and run from the United Arab Emirates. Its core function is to organize and manage corporate management audit, business reorganization, business planning, measurement of performance and preparing organizations operations manual.



1. WalMart Stores, Inc.
2. Sinopec
3. PetroChina
4. Carrefour SA
5. IBM Corporation
6. Siemens AG
7. Tata Group
8. Target Corporation
9. Hewlett-Packard
10. Home Depot Inc.
Infosys Technologies an information technology services company headquartered in Bangalore, India. Infosys is one of the largest IT companies in India with 122,468 employees (including subsidiaries) as of 2010. It has offices in 33 countries and development centres in India, China, Australia, UK, Canada and Japan. Infosys Technologies is the number one IT Company in India. This company is rated as the best company continuously for 5 years. The infrastructure is beautiful beyond belief and the work environment is brilliant as well. Every year Infosys hires largest number of people and is every job seekers delight. Listed in the BSE (Bombay Stock Exchange), NSE (National Stock Exchange) and the NYSE (New York Stock Exchange), Infosys holds a market value of INR1.81T.
ONGC is a state-owned oil and gas company in India. It is a Fortune Global 500 company ranked 413 and contributes 77% of India’s crude oil production and 81% of India’s natural gas production. It is the second highest profit making corporation in India. ONGC is Asia’s largest and most active company involved in exploration and production of oil. ONGC has made major investments in Vietnam, Sakhalin and Sudan and earned its first hydrocarbon revenue from its investment in Vietnam. ONGC is a huge company and is listed in BSE with a market capitalization value of INR 2.43T.
Wipro Technologies is one of the largest Information Technology services company in India. WT is headquartered in Bangalore, India and is one of the biggest competitors to Infosys Technologies. It is 9th most valuable brand in India according to an annual survey conducted by Brand Finance and The Economic Times in 2010. Wipro is listed in BSE and the NYSE and has a market capitalization value of INR1.07T. Wipro Technologies is again a job seekers delight as it provides a great work environment and world class infrastructure.
TCS is one of the oldest software services consulting company headquartered in Mumbai, India. TCS is the largest provider of information technology and business process outsourcing services in Asia. TCS has offices in 42 countries with more than 142 branches across the globe. The company is listed on the National Stock Exchange and Bombay Stock Exchange of India. TCS is a Tata Group conglomerate and is one of the highest growth company in India. TCS has employee strength of over 186,914 individuals and is a delightful company to work with. It has been showing continuous growth and is definitely one of the most sought after company. TCS holds a market capitalization value of INR 2.31T.
Bharti Airtel Limited, mostly referred to simply as “Airtel”, is an Indian telecommunications company. It has its operations in 19 countries across South Asia, Africa and the Channel Islands. It operates GSM network in all countries, providing 2G or 3G services depending upon the availability in the country of operation. Airtel is the fifth largest telecom operator in the world with over 200 million subscribers as of October 2010. It is the largest cellular service provider in India, with over 143 million subscribers as of September 30, 2010. Bharti Airtel Limited is a giant in telecom industries and is one of the biggest employers in India.
Adobe Systems is world renowned company dealing in software. Its code of ethics is published every year. The company has appointed a compliance officer to ensure compliance of pre-determined company business practices. If there is any issue which may affect the interests of the company the same is immediately notified to the said officer. Adobe Systems has made it mandatory for all its senior executives to foresee compliance of all rules and regulations connected with government dealings. In addition they are also required to submit important papers on time and with honesty.
The Campbell Soup Company has its own code of ethics. Any wrong committed within the perimeters of the company’s jurisdiction are immediately corrected and for this employees are asked to be on the look out for any discrepancy. They are encouraged to report about it so that the same can be rectified. The code of According to Campbell Soup Company, as of 2004, the company encourages staff to speak up whenever they spot anything wrong, in order to correct it. The code of Campbell Soup Company also mentions clearly about advertisements made by the company and respective cells which can be approached by employees to seek help.
The code of ethics of Ford Motor Company clearly defines that any action on the part of company directors, any personal benefit derived by an employee or his/her family which can be termed as wrong and third party dealings that can tarnish the image of the company will be considered as against the interests of the company. Under no circumstances senior executives like directors can use personally assets of the company nor can they accept gifts.
The cosmetic giant L’Oreal SA has its won unique code of ethics through which it encourages its employees to come up with any issue voluntarily. It is very particular about child labour and has its own set of tools to analyse risk and in addition has policy papers on the subject which are applied to guide the management. Employees are trained up about company code of ethics and they can freely discuss about what kind of environment they expect to discharge their duties efficiently and honestly.
Wegmans works actively towards community development. It believes in giving back to the society and for this purpose it donates substantially to food banks. All donations are entertained through the company website. Moreover, every week it provides a public bus service for senior citizens in Syracuse and Rochester to enable them to purchase grocery.
www.7th-media.com
www.itwconsulting.com
www.imageworksstudio.com
www.bluefountainmedia.com
www.deepblue.com
This brand is valued at about 66 billion dollars and is undoubtedly the most powerful brand in the world. This search engine was started by Sergey Brin and Larry Page in 1996. Google is known for its unique innovations and mind-boggling growth rate. Google has become so big that the term is now in the dictionary.
General Electric has been valued at about 61 billion dollars which makes it the second most powerful in the world. GE looks into a number of spheres including industrial technology, information technology, financial services, oil, films and much more. GE is very popular in India as well.
Microsoft Corporation earns about 44 billion dollars on a yearly basis and its brand value is about 54 billion dollars. Bill Gates owns the brand and founded it in 1975. Microsoft provides employments to over 75,000 people across the globe and Gates is both feared and admired by competitors.
This brand has been valued at approximately 44.134 billion dollars which makes it the fourth most powerful in the world. The company was incorporated in 1892 by Asa Griggs Candler. It was later bought by Woodruff and Bradley. While it may not be the most powerful in the world, it is definitely the most well-known.
The brand has been valued at about 41 billion dollars and is the country’s largest mobile operator. It has over 290 million subscribers and its turnover is almost as much as Vodafone year after year. China Mobile is extremely popular in Hong Kong and is the largest there.