Severance package

the Business Judgment Rule shielded the Board, which the Court found to have exercised bad business judgment, since it essentially complied with the Van Gorkom procedural requirement of informing themselves via an expert before approving the severance package. And so the rule seems to safeguard even abhorrent business decisions from judicial review. The other side of that argument is that stakeholders are free to sell their stocks in the open market at any given moment. Given, some poor business…

Mandatory Retirement The debate surrounding mandatory retirement in Canada has been a public concern for over four decades. Proponents of mandatory retirement will point to issues that predominantly affect blue collar workers in physically demanding industries. In 1985 two law professors wrote an article for the Globe and Mail that accurately summarizes some of the benefits of mandatory retirement, such as leaving the workplace without any worry of social stigma, an out for unsatisfying jobs,…

Before I give my thoughts on how this could be improved, I will say that many of our employees come from larger companies whose packages reflected the money they made. Our company is not on that level, but I feel that we could do more. I understand that benefits are one of the most costly elements in a company, but overall it is needed for the satisfaction of employees. It shows…

workweeks and performance reviews from people 20 years our junior. Hell, no. We need flexibility, autonomy, and plenty of time to [insert passions here]. Fortunately, as the working-age population shrinks, the world is going to need us. Bye-bye, severance packages. Hello, retention bonuses. Lots of people aren’t as lucky as we are, of course. Some keep working because they have to. Some can’t work, and eventually most of us really will get too old. But a world in which more people keep working…

Wealth Management Industry White Paper A lengthy career in the Wealth Management Industry has taught me the importance of proper planning. Too often, I have met clients who lost their jobs unexpectedly, and then do not know how to continue to manage their investments. Many employees do not understand what their options are, and lose out on the investments and retirement benefits they worked so hard for. If you are in this situation, or believe you may soon be, please speak to a Wealth…

The grandson of immigrants who were coal miners, and is a prodigy politician who talked his way into a meeting with President Nixon at only eighteen years old, John Kasich is the emblem for a true American president. He has spent over two decades in congress writing bills that helped Ohio have a balanced budget, which hadn’t happened since 1997. Through his sheer dedication of being a better man, he also wrote two best seller novels and lived an adventurous life when he was kicked out of a…

3.0 QUESTION 1 What financial impact do you think the lawsuit could potentially have on Wal-Mart? Do you think the women deserve to win their lawsuit? What is the outcome of the case cost Wal-Mart so much it had to lay off thousands of its workers and close stores? Answer: The first financial impact is Wal-Mart need to pay back and compensate for all female employees against whom Wal-Mart discriminated. This would cost the company a fortune because these female workers were entitled to…

Prior to outsourcing any component or aspect of your business to a third-party vendor, for any company it is essential to understand the advantages and disadvantages of outsourcing. This creates a “make or buy” decision for organisations. Although outsourcing presents a variety of benefits to your organization, it could also pose difficulties if not outsourced to the right service provider. (Flatworldsolutions.com, 2016) The Main advantages of outsourcing include: Cost Reduction: Primarily…

Ethics plays a role in every aspect of business life and is essential to operating a successful operation. Unethical financial reporting, workplace harassment, employee working conditions, workplace diversity and equal pay for work performed are the major ethical issues that if left unaddressed will lead to major problems within an organization. The results of these ethical issues are as numerous as the issues themselves but can be highlighted by businesses losing productivity, employees…

The Industrial Revolution of the 18th century brought a rapid expansion of industrial society to Europe, and specifically Britain. Industrialization lead to a large increase in the work force, as people moved from rural areas to urban city centers. As businesses rushed to capitalize on the market they hired workers without any systematic hiring scheme or contract. To maximize profit on the part of the owners, employees would be forced to work long shifts for very low pay. Working conditions in…