'immorally-managed' is a compound word formed from 'immorally' and 'managed.' 'Immorally' comes from the prefix 'im-' meaning 'not' and 'moral,' and 'managed' is the past participle of 'manage.'

'Immorally' comes from Latin 'immoralis' (not moral), and 'manage' comes from Old French 'maneggier' (to handle), which itself comes from Italian 'maneggiare' (to handle, especially horses), from 'mano' (hand). The compound 'immorally-managed' is a modern English formation.

Initially, the parts meant 'not morally' and 'handled,' and together now mean 'handled in an immoral way.'