Turner Construction Company Profile and Controversies

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Credit: pexels.com, Steel Beams of Construction

Turner Construction is one of the largest construction companies in the US, with a history dating back to 1902.

The company has completed over 10,000 projects worldwide, including iconic buildings like the White House and the Empire State Building.

Turner Construction has 21 offices and 7,000 employees across the US.

The company's headquarters is located in New York City, and it has a significant presence in major cities across the country.

Turner Construction has been involved in several high-profile projects, including the construction of sports stadiums and hospitals.

One of the company's notable achievements is its work on the construction of the National Museum of African American History and Culture in Washington D.C.

However, Turner Construction has also been involved in several controversies, including a 2019 lawsuit alleging that the company had knowingly hired undocumented workers.

The lawsuit was eventually settled out of court for an undisclosed amount.

1990-Present

In the 1990s, Turner Construction continued to expand its operations, growing from a regional player to a national one. This decade saw the company complete several high-profile projects, including the construction of the Seattle Art Museum in 1991.

Credit: youtube.com, Turner Construction "What Sets Us Apart" | Branded Content

Turner Construction's expertise in building complex and large-scale projects was on full display with the completion of the 1993 World Trade Center in New York City. The building's 110-story tower was a marvel of engineering and a testament to the company's capabilities.

The company's commitment to innovation and sustainability was evident in its 1996 completion of the headquarters for the American Express company in New York City, which earned a LEED Silver certification. This marked one of the first times a major corporate headquarters had achieved such a high level of sustainability.

Turner Construction continued to push the boundaries of what was possible with the completion of the 1999 Walt Disney Concert Hall in Los Angeles, a project that showcased the company's expertise in building complex and curved structures.

In the 2000s, Turner Construction continued to grow and expand its operations, completing projects such as the 2001 redevelopment of the historic Penn Station in New York City.

Controversies

Credit: youtube.com, Turner halts $250M development amid racist incidents: ‘We want to change the industry’

Turner Construction has been involved in a significant controversy surrounding a bid rigging scheme that took place between 2010 and 2017.

A multi-year bribery and bid rigging scheme was uncovered involving Turner Construction and Bloomberg LP, where employees and subcontractors were involved in conspiracy, bribery, and kickbacks.

Ronald Olson, a former Turner vice president, pleaded guilty to bribery in July 2020 for receiving bribes from subcontractors in exchange for awarding them contracts for Bloomberg L.P. projects.

Olson also pleaded guilty to tax evasion for US$1.5 million he received in connection with Bloomberg jobs while he was working for Turner.

The scandal involved 14 individuals facing charges, and it's a reminder of the importance of ethics and transparency in business dealings.

Turner Construction is a company based in New York City, established in 1902, and is a construction and civil engineering company of the United States.

Here are some key facts about the companies involved in the scandal:

  • Companies based in New York City
  • Construction and civil engineering companies established in 1902
  • Construction and civil engineering companies of the United States
  • 1902 establishments in New York City

Frequently Asked Questions

Is Turner the biggest construction company?

Turner Construction Company is one of the largest construction companies in the US, with over $17 billion in revenue in 2023. Its massive revenue and new contract values exceeding $20 billion solidify its position as a major player in the industry.

Is Turner Construction a good company?

Turner Construction has a strong reputation with an overall rating of 4.2 out of 5 from over 2,500 employee reviews, indicating a positive work environment and outlook. With 84% of employees recommending the company to friends, it suggests a good company culture.

Who is the CEO of Turner Construction?

The CEO of Turner Construction is Peter Davoren, who also serves as the company's Chairman. He leads the largest builder in the United States.

Alan Donnelly

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Alan Donnelly is a seasoned writer with a unique voice and perspective. With a keen interest in finance and economics, Alan has established himself as a go-to expert in the field of derivatives, particularly in the realm of interest rate derivatives. Through his in-depth research and analysis, Alan has crafted engaging articles that break down complex financial concepts into accessible and informative content.

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