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39 Cards in this Set
- Front
- Back
Pullman Strike
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workers went on strike in sympathy of american railway workers; US put mail on railway cars
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Homestead Steel Strike
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pinkerton gaurds ended up killing workers; workers wen back to work
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Haymarket Riots
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Illinois; workers went on strike; police brought; bomb was thrown killing 9
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International Workers of World
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"wabbies" wanted social unionism; widespread in EU; wanted in US but failed miserably (business union)
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Presidential Veto
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Truman vetoed Taft-Harley Act (Labor-Management Relations Act); veto overridden by congress; Truman was fan of labor side
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Immigration Act of 1924
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restricted immigration; passed for American to be favored for job; led towards labor unions being allowed
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ILA vs. Jackson Bulk
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defined what is and what is not a labor dispute; a ship refused
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Magna Carta of Labor
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Wagner Act (NLRA)
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National Peril
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in areas of nation peril, president has right to intervene; Taft-Harley Act
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NLRB vs. Babcock
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non-employees allowed on site to draw up union membership; cannot be disruptive to productivity
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Cooling off period
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Taft-Harley; 60 days + 20 = 80 days
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Slave Labor Act
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Nickname for Taft-Harley (NLRA)
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Wildcat Strike
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certain members of the union go against actual union or majority; violation of Taft-Harley
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Micheal Milken
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"king of the junk bonds"; violated rule 10b (insider trading) after being ratted out; owed 1.1 billion dollars = 9.1 in restitution and 200 million in fines; junk bond= high risk
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10k Report
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a filed report that has everything about the company; filed annually; actual perspective
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10 Q Report
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filed every 3 months or 90 days; profits and losses during that quarter; 3 filed per year; 4th is filed as addendum to 10k report
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8k Report
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any time within 72 hours; high fluctuations; loss of key customers; important and bad fluctuations
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Blue Sky Laws
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another name for security laws; originated talking about the bumper crops of wheat
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White Knight Defense
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finding another party to take over, rather than acquiring party (********); sell 100% of business
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Pac Man Defense
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reverse hostile takeover; try to take over acquiring company
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Scortched Earth Defense
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getting rid of valuable pieces of your business so acquiring company is no longer attracted
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Poison Pill Defense
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Anything that makes it financially harder for acquiring company to buy target company
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Red Herring
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red inks the fishiness; disclosure of pre SEC approved (not made a decision preliminary); red ink the risk of pre SEC security
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Regulation SK
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right of someone to ask for and seek audited financial records of publicly traded corporations through the SEC
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Texas Gulf Sulfur Case
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major investors found out there was no oil; got geologists to lie to investors while they got their money out
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Tyco Scandal
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lavish gifts and vacations were given to upper management; "6000 dollar shower curtain"
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Adelphia Scandal
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private company that went public; practices they did while private were illegal under corporation
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World Com Scandal
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giving low interest or no interest loans that were not paid back to head of company
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Ivan Bosky and Peabody Corp
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committed insider trading; when caught ratted out Micheal Milken for a better deal
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Tombstone Ads
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advertising of securities using the basic facts associated to it; security information that is advertised with basic facts of security
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Proxy Solicitation
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the granting of voting rights incurred with the ownership of stock to someone else to vote in a manner which the owner generally agrees with
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Shareholder Derivative Suit
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lawsuit brought by owner of corporate stock on behalf of the corporation against someone or business that hurts the corporation when the corporation is unwilling to take the action themselves; damages awarded will go to the corporation and not the owner that sues
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Corporate Governance
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how and why the corporate process works including its mission and the scope of the business and how it will interact with other groups when doing business
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Tender Offer
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way of purchasing a company at likely more than face-value of stock because control a demand premium; friendly= BOD and officers agree to takeover; unfriendly= BOD and officers do not want to be taken over
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Business Judgement Rule
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falls under the duty of care doctorine for "officers and directors"'; protects from shareholder derivative suits when BAD decision is made; 3 criteria:
1. rational decision was made 2. informed decision was made 3. no conflict of interest by decision maker schelensky vs. ridley case |
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Corporate Opportunity Rule
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officers and directors protection; deals with duty of loyalty; if officer or director discovers a good situation must give first crack to the corporation
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Self Dealing
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if deal is fair to corporation is will be allowed
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Insider Trading
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falls under rule 10b-5 of SEA of 1934; involves misuse for profit of information not available to general public by anyone; applies to tippers and tippees as well; Dirks vs. SEC
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Short Swing Trading
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similar to insider trading; assumes information is "inside"; only applies to directors, officers, and 10%+ shareholder who buy/sell stock within 6 month period for profit; violation of SEA of 1934
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