Corporate Kleptocracy

Corporate Kleptocracy

A slang term for greed among executives that harms shareholders or the general public. An example was Enron's use of aggressive accounting techniques to artificially inflate stock prices, which ultimately destroyed employees' retirement plans and the value for shareholders. The term is highly derogatory.
References in periodicals archive ?
Even more, we must recognize that we cannot survive under a system of corporate kleptocracy that has hijacked our potential for peace and prosperity.
I live in the mountains of Northeastern California, where many people are struggling in our corporate kleptocracy.
The committee's report, delivered in August 2004, was entitled "A Corporate Kleptocracy," and said that Hollinger was "an entity In which ethical corruption was a defining characteristic.
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