Corporate law

There seems to be two main problems in this corporation: the first one being racial tension and the second being lack of communication. Addressing the first problem, the company has traditionally been known as a conservative company with the majority of its employees consist of white males in their 30s. Jeff Fairbanks has worked his way up the chain to become VP of Strategic HR, an African American at that, and seems to be hesitant to handle the situation. This move can somewhat be interpreted…

papers, the process server will generally leave them at their feet and leave the premises. In some states proper service has been perfected if the person admits to being the defendant and or they touch the papers. Please refer to the service of process laws in your state. Minnesota does not require the defendant to actually touch the documents. In many instances the papers are simply left in plain view. The process server may include the circumstances of a difficult or extraordinary service in…

In 2002 Congress passed the Sarbanes-Oxley Act due to issues related to company executives falsely reporting financial information and practicing poor business ethics. This was passed due to lack of confidence in corporate America, and the demand from people to hold executives accountable for their decisions (Ferrell, Fraedrich, Ferrell, 2015). HealthSouth, one of the largest rehabilitation healthcare providers, was the first company charged under the Sarbanes-Oxley Act. Richard Scrushy and…

There are many great aspects to the firm as well as aspects which need to be improved upon. CEO, Chris Pickering, currently has four decades of material and equipment in his possession. This shows he has experience and knowledge as well as an established set of resources. He also has multiple positions within the firm as well as being CEO including CFO, CIO and more. This can have negative effects such as each job not being fulfilled correctly or as efficiently as it could. THe CEO has a few…

In the case of Dick Smith, as the internal stakeholder, the senior management has the great impacts on the collapse of the company. Bill Wavish, as the board of Dick Smith, increases the inventory level to $200 million because he thinks that the inventory is very low when he joined the company in 2013 (Robertson, 2016). But it has been the great risk to the company though there is a great confidence to Dick Smith’s management, which has the plan and a better track record (Robertson, 2016). At…

On Tuesday, January 9th, I went to a Jo Daviess Country Board Meeting. This meeting was held at the Jo Daviess county courthouse in Galena Illinois. The meeting was called to order by R.J Winkelhake. The secretary called roll everyone was present except Rick Dittmar and like two more. The county board members are R.J Winklehake, Steve Allendorf, Brandon Behlke, Maryanne Bennett, William Bingham, Rick Dittmar, Robert Heuerman, Don Hill, Randy Jobgen, Steven McIntyre, John Shultz, Ron Smith, Scott…

Ronald Reagan and the Democratic Congress worked together in 1986 and reformed America’s tax code. The result of that effort led to America’s corporate income tax rate being slashed from fifty percent to thirty-five percent. Since then, attempts to continue lowering America’s corporate income tax rate have failed, leaving America with the fourth highest corporate income tax in the world. Recently, I introduced a bill in the House of Representatives, H.R. 2 Raising America’s Economic…

A situation akin to that of the Storm Financial scandal is that of the misconduct and inappropriate advice purported by wealth management giant AMP, and its advisory subsidiaries. Exposed by the Royal Commission into Banking, AMP admitted to non-compliance with their ‘best interest duty’ to clients, driven by ‘a culture that’s not as robust as it should be’ (“Reagan, 2018”). This included inappropriate advice regarding their Approved Products List (APL) and placing shareholders over customers.…

this week as the real search for culpability begins. Which group of people will ultimately be in the frame for the corporate trainwreck that's going to leave 3000 people without jobs, close 363 stores and obliterate a decades-old brand name? It is time for the corporate regulator to intervene and work through the chain of events that led to the demise of Dick Smith. This corporate collapse won't simply be chalked up to inept management. This business was sold to public investors a couple of…

Over the last five years, the company has gone from an environment of cultural and financial stability to one comprised of political infighting and repeatedly missed financial targets. Employees who once participated in regular profit-sharing and annual bonuses are now faced with reductions in pay and enterprise-wide layoffs. Unfortunately, the company has experienced a slow, downward spiral that can most directly be attributed to an ill-fated and ill-timed attempt by our president and CEO to…