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What are fiascos?

What are fiascos? Here are some definitions.

Noun
  1. plural of fiasco
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Examples
Still, Stanley is small fry in the realm of corporate governance and executive compensation fiascos.
Yet many of these cathedrals looked grander than they were, and design faults, or perhaps jerry-building, caused a number of fiascos.
The commissioners looked at the electoral mess, and concluded that strong steps should be taken to avoid further fiascos.
Ironically, his own troubles have coincided with New Labour's public relations fiascos of the past fortnight.
At the start of the new millennium, the corporate world witnessed major fiascos and ethical blunders.
For all the fiascos revealed, however, those are in some ways the easy questions.

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