Roghost Enterprises
From Wikipedia, the free encyclopedia
This article about an American company is a stub. You can help Wikipedia by adding missing information.
Roghost Enterprises (doing business as Roghost) is a multinational conglomerate holding company headquartered in California, United States. It is engaged in a wide variety of business sectors through its subsidiaries, including investment, information technology, online advertising, transportation, artificial intelligence, aerospace, defense, engineering, data integration and analytics, pharmaceuticals, biotechnology, textiles, insurance, factory farming, and the retailing of college textbooks. Roghost has been characterized by media outlets and various world governments as a megacorporation.
Roghost is also known as the largest family business in the world, with every President & CEO since the company’s establishment in the late 1910s having been a member of the Roghost family (traditionally, the eldest son of the prior chief executive officer).
History
Early years
Founded on September 4, 1918, by entrepreneur and thought leader Mikelai Roghost in Butte, Montana as Roghost Silver Mining Company, the business found quick success—attributed by journalist Stewart Sweepson at The Butte Herald in 1921 to Mikelai’s “...deep pockets and cutthroat business practices.” Mikelai is known for his development and practice of maximization management (sometimes referred to as Roghostism), a theory of management centered around the objective of achieving absolute profit maximization, a theoretical state in which a business seizes the full economic production potential of the global economy, or becomes a perfect monopoly. In the late 1920s, Mikelai would exit the mining business and expand Roghost’s reach into other developing industries (notably, transportation), a practice of seizing new business opportunities that would continue to define the company throughout the 20th century. The same year, the company would be renamed to Roghost Enterprises and relocate to the coast.
1995-2005
By 1995, Roghost had become a prospering business enterprise (ranking #2 in Fortune’s 1995 Global 500 List), having expanded its reach into a wide variety of established and developing industries under the leadership of then-President & CEO Mickey “Mick” Roghost. However, over the next four years, the organization heavily invested in Internet-based start-ups, positioning Roghost to be catastrophically impacted by the dot-com crash of the early 2000s, leaving the company in a state of near-bankruptcy by 2002. Roghost maintained this financial condition into 2005, when Mick passed away of a pulmonary embolism.
2006 onwards
In March 2006, after intense internal deliberations, Michael Roghost (son to Mickey) was appointed President & CEO. This decision would prove extremely contentious among Roghost executives due to Michael’s age at only eighteen, resulting in an exodus of senior leadership from the company. Despite this backlash, Interim President & CEO Robert Pampkins remained firm in his decision, affirming in a public statement, “Roghost has always been a family company, and there’s nobody more equipped to bring it into the future than Michael.”
In the years onward, Roghost Enterprises reestablished itself as a global business leader, and underwent a period of rapid growth characterized as “extraordinary and unparalleled” by Forbes’ Magazine in a 2008 article entitled Michael Roghost: Corporate America’s Rookie Phenomenon. Roghost quickly seized vast market share across global industries, and adopted a business strategy centered on absorption and consolidation. This unprecedented expansion enabled Michael to quickly establish himself as a prominent business leader (or celebrity CEO) within media circles, notably appearing on The Tonight Show with Conan O’Brien in 2009, and penning a piece for Bloomberg in 2011.
As of 2012, Roghost is considered by market analysts to be the largest business conglomerate of all time, and speculated to be the highest-profiting business globally.
Acquisitions and mergers
This section needs expansion. You can help by adding missing information.
Structure
This section needs expansion. You can help by adding missing information.
Corporate identity
Financials
This section needs expansion. You can help by adding missing information.
To be added.
Criticism and controversies
Roghost Enterprises has been subject to intense criticism over a wide variety of issues including but not limited to aggressive tax avoidance, privacy violations, illegal data collection, workers rights violations, union-busting, child labour, infant labour, censorship, and toxic internal culture. General criticisms include the company’s large size and wide-reaching business portfolio, which may be considered monopolistic and has been called “obscene” by United States regulatory officials.
Extortion of United States government
In September of 2009, Roghost was accused by Vice President Dick Cheney of impeding the sale of antiviral medicines to hospitals throughout the continental U.S. during an H1N1 Virus (Swine Flu) outbreak in an attempt to extort the government into retracting an antitrust lawsuit levied against the company. Company representatives would deny any such actions, and Cheney would withdraw his statements at a later press conference.
Assassination of Dirk Slasstavan
In October of 2011, an anonymous whistleblower claiming to work in Government Relations for Roghost accused the company of ordering the assassination of Grand President of Galbrodia, Dirk Slasstavan, due to his declination of the company’s proposal to build a manufacturing center in the nation’s capitol city of Porto Lina. These accusations were denied by a Roghost representative, and international authorities found no evidence strong enough to tie the organization to Slasstavan’s death. The Porto Lina manufacturing facility began construction in February 2011 and is yet to be completed as of 2012.
Misconduct by Michael Roghost
Numerous accusations of misconduct have been levied against Michael Roghost himself, including allegations of verbal abuse of employees, wage theft, and other exploitative management practices. In April 2010, Roghost announced an internal investigation into Michael’s conduct in response to a joint public statement of condemnation by ex-subordinates. This investigation would find him clear of wrongdoing by June of that year. Michael has never publicly commented on any of these assertions.