works for me,

perl -we "system('dir','/b/s','/o:-d',shift)" "Program Files"
C:\Program Files\Internet Explorer
C:\Program Files\Microsoft Office
C:\Program Files\Syncplicity
C:\Program Files\McAfee
C:\Program Files\WinDjView
C:\Program Files\Synaptics
C:\Program Files\Realtek
C:\Program Files\Microsoft Silverlight
C:\Program Files\Windows Journal
C:\Program Files\Java
C:\Program Files\Microsoft Policy Platform
C:\Program Files\Common Files
C:\Program Files\Lenovo
C:\Program Files\Courion Corporation
C:\Program Files\Windows Defender
...
[download]

indeed, there was dir.exe in cygwin in my setup that I needed to expunge before running the one-liner