This case concerns MMC’s problems in three of its main business areas, which emerged in 2003 and 2004 in rapid succession. The primary focus is on the company’s reputational risks and how shareholder value can be destroyed if such risks occur. In two of the three cases, market capitalization losses dwarf accounting losses from fines, penalties, refunds, reorganizations, and so on. related to the facts.
December 01, 2005
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