Ralph Nader is a consumer advocate as well as a civil rights attorney. Nader has campaigned against corporate injustices from the early 1960’s thru present day. In his capacity as a consumer advocate Mr. Nader was in continual conflict with both corporate businesses and the federal government. Nader’s legacy has recently been diminished in the eyes of many who once supported him. He’s been described as a spoiler, due to his recent symbolic and substantial campaigning in Presidential politics, in particular the election of 2000.
Current Ethical Issue in Business Learning Danielle Christine University of Phoenix Ethics in Management PHL 323 Laila Dabbagh Lambdin February 23, 2009 Current Ethical Issue in Business Learning Identify the ground rules manifested in the situation as well as which ethics theories apply. Circuit City is the nations 2nd largest retailer of consumer electronics, entertainment software and personal computers. On November 3, 2008, Circuit City announced that they would layoff and close 17% of it’s workforce by the end of the year. Due primarily to weakened economic environment and its potential impact on the timing of the overall sales of the companies inventory, cost and expenses. As a result of the companies deteriorating
With the presence of economy’s downturn, Ford Motor Company faced with record losses and many union employees were forced to compromise with some cases and in some areas that they may have not before. Such deals were made in effort to keep Ford from globally outsourcing jobs. “The UAW began negotiations in 2007 with the Ford Motor Company and the two other automobile manufacturers to reverse the negative impact the economy would have on profits. “ (Lucas & Furdek, 2010). The guidelines and provisions set within the Ford Motor Company’s agreement with the UAW would bind them legally to fulfilling their obligations.
In deciding how to account for an unusual or unique transaction for financial reporting purposes, should one consider the tax treatment applied to the transaction? 3. Did Peat Marwick have a right to change its position on the proper accounting treatment for the stock redemptions? What factor or factors may have been responsible for Peat Marwick’s decision to change its position regarding these transactions? Facts In 1983, GEICO announced plans to purchase several million shares of its outstanding common stock for $60 per share.
A recent economic downturn has seriously affected the auto industry and your company, as well. Your company has merged with two other brake component companies in an effort to gain production efficiencies and lower unit costs. You are the lead HR person for the new entity. Based on your analysis of the three previous executive compensation approaches, you have decided with board approval to redesign the executive compensation for the new combined organization. Describe the components of an executive compensation plan.
No Title In the article “Just Say No” by Bill O’Reilly, he writes about the bailout, or loan, that the major American motor companies Ford, GM, and Chrysler are requesting. He discusses the problem and states that the Federal government should not bail out the auto industry until the unions work out a deal that will benefit the companies, unions, and the American economy. He covers the economy and how it has suffered over the decades because of the business-people being irresponsible and running these large companies poorly, not just the auto industry. From the beginning to the end of the essay, one can tell that Mr. O’Reilly is against the bailout. He starts off reminding the reader about Nancy Reagan, the former first lady, and how she rose up against drug abuse in the late 80’s with the term “Just Say No”.
Credit crunch and recession are great examples of external factors influencing the business. If the people are suffering from recession, they will not have money to spend money and this is how it affects the businesses. The current instability in Iraq is a good example of what may happen to businesses. In business it’s very important to understand, monitor and adapt to the political environment, because it crucially affects every business. Some of the very important factors are: Government stability effects businesses in a great range by competing with businesses to lower their costs, transparency is another important factor where anything the business does is revealed to the government and the government know exactly what they are up to.
Our irresponsible behavior is also obvious when it comes to oil consumption. There are so many of us that are using inefficient transportation vehicles that create increasingly growing demand for oil. Our taste for big and low fuel efficient cars had proven itself to be very expensive one. The cars produced by Ford, GM and Chrysler are famous for being huge, powerful but very environment unfriendly. The problem became serious one when a huge number of Californians decided to purchase those vehicles and began carelessly driving around the state without the worry how they will affect the environment or the demand for oil.
This adjustment makes a shoplifter's job that much easier. However, shoplifters should also know that they continue to hurt the economy every time they leave a store with merchandise that does not belong to them. Retailers are fighting back Higher prices hurt the economy. However, retailers are forced to raise the cost of merchandise to recover some of the profits they lose to shoplifting. When retail theft escalates, the cost of doing business will also increase, and this leaves the paying customers to pick up the multi-billion-dollar annual tab left by
For example the automotive manufacturer General Motors (GM), in 2008 and 2009, received approximately $13.4 billion in bailout money from the Troubled Asset Relief Program (Tarp, 2012). The money from this program was paid for by U.S. taxpayers and was intended to help the automotive industry through some tough financial times while restructuring occurred. Eventually some automotive manufacturers went through bankruptcy to survive (PolitiFact, 2012). This affected the global economy by showing instability within the automotive industry and resulted in the loss of clients throughout the