Is corporate America more ‘scandal-prone’ than Europe? An interesting piece by the Economist suggests this is the case, and thus far the ‘financial cost’ to the companies involved has been limited.
“The total market value of American firms involved in big incidents that have become public since 2016 is $1.54trn. At least 200m consumers have been affected. The figures are only $600bn and under 30m for European firms, including carmakers that faked emissions tests and Nordic banks involved in money-laundering.”