Are you interested in learning about some popular, successful entrepreneurs stories? You might be surprised that many of them from the 1900s are built around controversies. Here are some examples:
This company is often included in successful entrepreneurs stories, but it’s also been involved in various controversies over the years. It’s one of the biggest oil companies in the world and has operations in more than 80 countries.
The company has been accused several times of doing business with countries that the US government prohibits trading.
The company is also facing several lawsuits. The issues involved endangering employees, oil spills due to careless/dangerous practices, and so on. It’s made headline new many times for these issues even though the company is one of the wealthiest US companies.
This is another company often included in successful entrepreneurs stories that have been involved in several controversies during the 1900s. One of the first issues was Wal-Mart locations. It was argued that they were putting Mom & Pop stores out of business because the latter was unable to compete with Wal-Mart’s low prices.
Another big controversy involving the retail chain was that it was unfairly beating out competitors by super-low prices. In fact, the company has been sued for something called “predatory pricing.” The company won one of the cases but lost two others.
Another controversy involving Wal-Mart has been its treatment of employees. This was due to various issues such as low wages, which caused some employees to live on welfare and food stamps. There are other issues including reduced working hours, working conditions, and other matters.
This is one of the most famous successful entrepreneurs stories of the 1900s. Safety is one of the biggest issues regarding the auto industry. However, Toyota had a major issue in 2010. The automaker was confronted about safety issues in 2009 involving pedals and brakes. The company was ordered to appear before the US Congress and explain their handling of the situation. However, Toyota did not seem to take the situation seriously.
Toyota claimed that it was doing a better job to win back its customers’ confidence. That announcement was made by a senior Toyota executive. However, many industry experts argued that it seemed the company was only disappointed that it was caught. The problem is that things didn’t improve an, in fact, they got worse during the next few years.
- Phillip Morris
Here’s another company that’s often mentioned in successful entrepreneurs stories. The company has been accused of very unethical practices. That includes the company seemingly making advertising geared towards kids.
Today tobacco advertising is regulated much better. However, the company is still criticized for advertising in various places such as convenience stores, magazines, etc. not only that, but the ads also include various characters that are “cool’ because they smoke. The company has been accused of using its advertising to target teens.
The company has made anti-smoking ads. They’ve been accused blaming smoking teens instead of tobacco companies.
These are some of the biggest controversies of the 1900s involving successful entrepreneurs stories.