corporate scandal

Definition

Set of questionable, unethical, and/or illegal actions that a person or persons within a corporation engage in. This often becomes a wide public incident. Typically there are questions about the corporation's actions, which are either allegedly illegal or actually proven to be illegal. Corporate scandals are therefore brought about from allegations about ethical practices or behaviors, by legal action or decisions, or a combination of the two. They may also be due to persons within a corporation acting on his or her own behalf with or without regard for the company.