Worker Adjustment and Retraining Notification (WARN) Act Issues and Concepts
The WARN Act states that when a company, that has more than 50 employees, goes bankrupt, they are to provide at least a 60-day written notice of closure to provide the employees ample time to look for another job. (Leonhardt, 2012) Peter Kohlstadt and Dan Braun filed a class action lawsuit against Solyndra because they were not given any warning at all about the company going into bankruptcy and laying off all 1100 employees. They were told not to come in the next day because the company was closing and they no longer had a job. (Sequence Media Group, 2011) The settlement was for $3.5 million to be paid by Solyndra. This would be considered a wrongful discharge because …show more content…
They started out wanting to break into a new technology of the alternative energy sector. Although, their intentions were good, after only a year or so, the business needed more money to continue and deceiving the U.S. Government seemed like the best way to do it.
Rep. Fred Upton spoke with Lou Dobbs on Fox News about the fact that the Energy & Commerce Committee had to subpoena the White House for internal documents concerning the Solyndra scandal after months of requesting the information makes it seem as though White House officials had something to hide. (energyandcommerce, 2011b) At an Oversight and Investigations Subcommittee hearing on September 23, 2011, Solyndra CEO Brian Harrison and CFO W.G. Stover chose to invoke their Fifth Amendment rights against self-incrimination and refused to answer any questions. (energyandcommerce, 2011c) While it is legal to invoke the fifth amendment, it also lent the government and the taxpayers to believe that they were hiding crucial information from the investigation. In January 2012, Solyndra was caught by a local CBS affiliate in Fremont, CA, of destroying its own assets. Assets that, if sold, could have been given the proceeds back to the American taxpayers. (oakwoodNS, 2012) This shows what little regard Solyndra, the Department of Energy, and the White House has for the American …show more content…
Friedman was trying to say. Sure, every company wants to increase its profits but Solyndra decided to fund the company by committing accounting fraud and deceiving the government into giving them over a half a billion dollars. Milton Friedman also believes that the government should not intervene in a company’s fortune whether monetarily, legislatively, or otherwise. (LibertyPen, n.d.) This again is the complete opposite of what Solyndra did. In fact, George Kaiser, one of the largest shareholders of Solyndra and a major fundraiser for President Obama, went to the White House several times during the loan application period. Perhaps Mr. Kaiser did not speak with White House officials about the Solyndra deal but something made the White House forgo all the necessary protocols for processing this application favorably. Basically, Mr, Friedman is saying if the government had not intervened, then this would have never
The WARN Act states that when a company, that has more than 50 employees, goes bankrupt, they are to provide at least a 60-day written notice of closure to provide the employees ample time to look for another job. (Leonhardt, 2012) Peter Kohlstadt and Dan Braun filed a class action lawsuit against Solyndra because they were not given any warning at all about the company going into bankruptcy and laying off all 1100 employees. They were told not to come in the next day because the company was closing and they no longer had a job. (Sequence Media Group, 2011) The settlement was for $3.5 million to be paid by Solyndra. This would be considered a wrongful discharge because …show more content…
They started out wanting to break into a new technology of the alternative energy sector. Although, their intentions were good, after only a year or so, the business needed more money to continue and deceiving the U.S. Government seemed like the best way to do it.
Rep. Fred Upton spoke with Lou Dobbs on Fox News about the fact that the Energy & Commerce Committee had to subpoena the White House for internal documents concerning the Solyndra scandal after months of requesting the information makes it seem as though White House officials had something to hide. (energyandcommerce, 2011b) At an Oversight and Investigations Subcommittee hearing on September 23, 2011, Solyndra CEO Brian Harrison and CFO W.G. Stover chose to invoke their Fifth Amendment rights against self-incrimination and refused to answer any questions. (energyandcommerce, 2011c) While it is legal to invoke the fifth amendment, it also lent the government and the taxpayers to believe that they were hiding crucial information from the investigation. In January 2012, Solyndra was caught by a local CBS affiliate in Fremont, CA, of destroying its own assets. Assets that, if sold, could have been given the proceeds back to the American taxpayers. (oakwoodNS, 2012) This shows what little regard Solyndra, the Department of Energy, and the White House has for the American …show more content…
Friedman was trying to say. Sure, every company wants to increase its profits but Solyndra decided to fund the company by committing accounting fraud and deceiving the government into giving them over a half a billion dollars. Milton Friedman also believes that the government should not intervene in a company’s fortune whether monetarily, legislatively, or otherwise. (LibertyPen, n.d.) This again is the complete opposite of what Solyndra did. In fact, George Kaiser, one of the largest shareholders of Solyndra and a major fundraiser for President Obama, went to the White House several times during the loan application period. Perhaps Mr. Kaiser did not speak with White House officials about the Solyndra deal but something made the White House forgo all the necessary protocols for processing this application favorably. Basically, Mr, Friedman is saying if the government had not intervened, then this would have never