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In the 1990’s, Waste Management was the largest garbage company in the world. What had begun as the dream of a Dutch immigrant had grown into a billion-dollar company over the course of a hundred years.
But Waste Management had a dirty secret. Its accounting was nastier than its landfills. Behind the scenes, auditors repeatedly tried to get Waste Management to clean up its act, even giving the company a to-do list for fixing its sketchy accounting.
But according to the SEC, the fraud only got worse. When Waste Management brought in a new CEO, he saw that the financials were a dumpster fire and ran for the hills. Things were about to get filthy.
By Michael McLaughlin5
3636 ratings
In the 1990’s, Waste Management was the largest garbage company in the world. What had begun as the dream of a Dutch immigrant had grown into a billion-dollar company over the course of a hundred years.
But Waste Management had a dirty secret. Its accounting was nastier than its landfills. Behind the scenes, auditors repeatedly tried to get Waste Management to clean up its act, even giving the company a to-do list for fixing its sketchy accounting.
But according to the SEC, the fraud only got worse. When Waste Management brought in a new CEO, he saw that the financials were a dumpster fire and ran for the hills. Things were about to get filthy.