Now keep reading about the most ruthless companies in business today. Insider Monkey has recently published an interesting article about it. The corporate world is a cruel and ruthless place, where, despite the scrutiny from the government and public eye, bad things happen very frequently. Shareholders push companies to cut costs and increase profits, which often lead to reductions in employees and hundreds of people out of work, among other things. Companies lobby the government to pass laws that can be harmful to people and even deadly if we look at the gun laws. Drug makers set exorbitant prices on drugs and fewer people can afford them, which can also lead to death. The list of ruthless practices that companies employ can go on and on.
Now without a further ado let’s see what Insider Monkey has investigated for us. We have picked three of the most ruthless companies in business today from their list.
The first company should be DowDuPont Inc (NYSE:DWDP). DowDuPont Inc (NYSE:DWDP) is another company on the list, as it replaced Dow Chemical, which was in fact the company that Americans rated last year (DowDuPont Inc (NYSE:DWDP) has been formed earlier this year). Being a chemical company, it’s not surprising that DowDuPont Inc (NYSE:DWDP) is among the most ruthless companies, as its record has many questionable practices. Just earlier this year, the company tried to push the White House administration to ignore the evidence that a family of widely used pesticide is harmful to about 1,800 endangered species. The company also successfully fought a ban on chlorpyfiros despite the fact that studies showed that its harmful to people. The second company on our list is Morgan Stanley (NYSE:MS). As the memory of the Great Recession is still fresh, it’s not surprising that Americans are not very fond of banks, as they named several of them among the most ruthless companies in business today. Morgan Stanley (NYSE:MS) got off easy, so to say, as it’s only on the eighth spot in the list. Last year, Morgan Stanley (NYSE:MS) agreed to pay $3.2 billion for its role in the subprime mortgage housing crisis that led to the recession. At last, but not least er are mentioning Verizon Communications Inc. (NYSE:VZ) that is another telecom company that landed on the list. Both AT&T Inc (NYSE:T), which was mentioned previously, and Verizon Communications Inc. (NYSE:VZ) have the largest market shares in the telecom market, so they formed a sort-of oligopoly on the US market.