...1) Background and Issues Is Chevron guilty? This memo outlines the issues Chevron is facing through the Amazon lawsuit in Ecuador and identifies how the management can handle this squint situation. The Amazon lawsuit is a very big threat to the company’s profit, since the penalty payments will cover over 50% of the company’s current profit. To understand the situation of Chevron today we need to take a closer look at the background story. The Story goes back to the 1960’ies when Texaco, an acquisition of Chevron, was involved in the oil drilling in Ecuador. Back then Texaco had a Joint venture with Petro Ecuador which was mainly owned by the Ecuadorian government and had a share of 62.5 percent. This Joint venture named Texpet drilled 1.7 billion barrel oil from government properties until the end of contract in 1984. After finishing the work Texpet was suit by the Ecuadorian government, because of violation of environmental laws. These violations included the direct release of toxic wastewater into rivers instead of filtering and dumping in isolated areas and unclosed pipelines that additionally caused the pollution of soil, groundwater and plants. Back then Texpet paid a 40 million Dollar penalty and from 1995 to 1998 Texaco undertook a remediation of 161 out of 430 pits to clean their share of agreements according to the governments criteria. The Story of Texaco in Ecuador seemed to be terminated, but the appearances were deceptive. A cancer study by the Harvard medical...
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...to 1878, in the Santa Elena Peninsula. In Ecuador, minerals are owned by the government and developed through government entities. In 1964, Petro Ecuador, which is Ecuador's state oil company and Texaco Petroleum, created a business partnership called a consortium, to produce oil in the Orient region of the Amazon. Texaco Petroleum's was under a 28-year concession agreement with the government. During this time period plaintiffs believe, the company is responsible for billions of gallons of oil dumped in the region. Also, that this pollution has caused the loss of livelihood, and the widespread health problems including 1,400 related deaths. When Chevron took over Texaco in 2001, they acquired this lawsuit. Today, Chevron is not involved in producing oil in Ecuador. A. One of the issues following Chevron is whether or not Chevron had the proper jurisdiction as a corporation to operate outside our national borders, in Ecuador. As a corporation the first step in moving operation into other countries, is first receiving approval form the share holds. Corporations must seek proper approval from there shareholders before seeking many changes. Corporations often engage in an acquisition of other corporation by a friendly merger. A merger happens when two corporation come together. One corporation is absorbed into the other corporation. However the merged corporation ceases to exist, leaving the surviving corporation. The surviving corporation automatically gains all the rights...
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...Positioning * Marketing Program – Pages 18-21 a. Product Strategy b. Price Strategy c. Promotion Strategy d. Place Strategy * Financial Data and Projection – Page 21 a. Past Sales Revenues b. Five Year Projection * Organizational Structure – Pages 22-24 * Implementation – Page 24 * Evaluation and Control – Pages 24-25 * Bibliography – Page 26 Executive Summary Chevron Corporation’s (CVX) core business provides their customers with fully supportive administrative and financial management dealing with the integrated petroleum, chemicals, and coal mining segment of the Integrated Oil sector. Despite volatility in commodity prices, depressed financial and debt markets, and political uncertainties, Chevron has been able to grow the business at a healthy rate. The demands for the corporation’s products are largely a function of global economic activity, weather patterns and governmental stability. The development of projects is very crucial for a business within the energy sector in order to maintain market share and bottom line growth. Chevron Corporation’s (CVX) has many...
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...contaminating the rainforest for around three decades, poisoning the water, air and land. The pollution has created a ‘death zone’ that has been increasing the rates of cancer, leukemia, birth defects, and several other health illnesses. This ‘David and Goliath’ story brings up an array of topics: human rights, the power of the media, global politics, multinational corporate power, and celebrity activism. The film was shot in different countries and in multiple languages. Berlinger presented the situation and issue from all viewpoints, capturing the drama and events as they slowly unfolded. There were many people involved, but their main focus was to advocate and fight against the environmental and human suffering in the Amazon. The lawsuit against Chevron, the 5th largest corporation in the world, has been going on for 16 years already. They’re hoping that Amazon will run out of funds to fight against the company. In the beginning, there were only a few people supporting and helping the Amazon. But through interviews like Vanity Fair, it allowed the families and parents living in Amazon to tell their heartbreaking stories. Many of them have lost their children from birth defects, cancer, and died from poison because they drank from the streams. The Vanity Fair gained a lot of global recognition and soon, the President of Ecuador and the wife of the lead singer of ‘The Police’ were both trying to use their social and political status to advocate Chevron’s destruction and contamination...
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...Challenges While embracing an effective and productive global business environment, there are often ongoing matters such as unethical business challenges, failure to embrace technology advancement, and stiff competition among businesses (Chevron, 2012). It is the responsibility of each individual global company to ensure that proper strategies and policies are utilized to address these challenges. This paper will analyze the Code of Conduct of Chevron Corporation, as it relates to other companies in the industry, while simultaneously determining the key issues impacting the company and how technological advancements may face challenges in the global society. Chevron is a company that has an extensive strong history, which began when a group of explorers and merchants established the Pacific Coast Oil Company on September 10, 1879, in San Francisco. The company has changed its name more than once, but claims to have always retained their founders’ spirit of grit, innovation, and perseverance (Chevron 2013). They have transformed into what is now Chevron Corporation, recently ranked 9th among the world’s top oil companies by Petroleum Intelligence Weekly in 2013, second among US oil companies behind ExxonMobil (Chevron 2013). Chevron has partnered with other companies, each with their own unique history, strengths, and character. Essentially, they have grown from a San Francisco based company with a five state market in the Western United States, to a major corporation whose...
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...Environment Bus 457 11/25/2014 Chevron Chevron, one of the oldest energy companies in United States, was first founded as Pacific Coast Oil Company in 1879 and was named as Chevron Corporation in 1984. Several companies were established after Standard Oil’s split during 1980s’ and Chevron Corporation was among those big energy corporations who merged with those companies. The company is publicly traded on NYSE, Dow Jones Industrial Average and S&P 500. Chevron is involved in petroleum and natural gas industry. It does almost anything related to the industry from exploring to generating power. With over 60,000 employees Chevron operates business in 84 countries; Angola, Australia, Gulf of Mexico, Kazakhstan, Nigeria and United States are regions where the cooperation mainly operates primary exploration and production. Other than oil and natural gas, Chevron is engaged to biofuel, geothermal, hydrogen, solar and wind energy production. According to the official website for businesses Chevron offers following goods and services: * Additives * Aviation Oils * Base Oils * Chemicals * Fuels * Lubricants * Marine * MSDS * Specialty Products * Technology And for consumers it offers goods and services listed below: * Fuels and Stations * Gift and Credit Cards * Pay Bill * Motor Oils and Fuel Additives Code of Ethical Conduct Chevron relies on values such as integrity, trust...
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... anonym2@mail.au Company: Chevron Corporation Title: Corporate Social Responsibility: An Analysis of Chevron Other Details: Semester 1 2014, Bentley Campus (Word Count: 1568) Introduction Multinational Energy Companies, like Chevron Corporation, have a broad and significant social, economic and environmental impact on the globe and as such are in a position to influence the lives of many people. Chevron is involved in many different facets of the energy business, including exploration, refining, production and transportation. The company employs approximately 60 000 people in the oil and natural gas industry, with interest in 180 countries (Chevron Corporation SWAT, 2009). With the rise in global communication associated with the information age, companies like Chevron have to establish symbiotic relationships, focused on sustainable development, with society in order to satisfy increasingly environmentally conscious stakeholders. In this context a symbiotic relationship refers to one that is cooperative and mutually beneficial (Langella et al. 2012, 51). At the foundation of such a relationship is respect for health and wellbeing of communities that interact with the company and its operations. Chevron has displayed care and respect for the local communities and their welfare on a number...
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...A sports bar named Reed Pierce’s bar in Jackson Mississippi had a case of pregnancy discrimination when they fired a waitress unfairly. Melody McKinley was four month pregnant when she was simply taken off the schedule. She was also told “the baby is taking its toll on you” ("U.s. Equal Employment Opportunity Commission", 2013). She had never asked to cutback on shifts and was also not under any medical restrictions while pregnant. The settlement was a two-year decree that required the bar to implement policies and training to prevent pregnancy discrimination and monetary relief for $20,000 for McKinley. Intesa Sanpaolo is a bank that operates in New York. Giuseppe had gone on FMLA leave do to many health issues including depression. After being on leave he for five months Intesa sent Giuseppe a letter asking if he was going to return to work or if he was going to abandon his position at the bank. The back received a letter from Giuseppe’s attorney stating that “has not at any time evinced or expressed an intention to 'abandon his position.' Rather, he has been sick and unable to work, with an uncertain prognosis and a return to work date that is indeterminate at this time” (Nowak, 2013). The bank then terminated Giuseppe’s employment. He later sued the bank and their response was that he requested an indefinite leave. They expressed that this was an accommodation, which was not required by the employer since it was an unreasonable request. Even though the New York law mentioned...
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...➢ Style of Case and Citation: Wal-Mart Stores Vs. Johnson 106 S.W.3d 718 (Tx.2003) ➢ Court Rendering Final Decision: Trial Court ➢ Identification of Parties and Procedural Details: The plaintiff is Monroe Johnson. The defendant is Wal-Mart. Monroe Johnson is suing Wal-Mart based on injuries he sustained during an incident at Wal-Mart where a store employee dropped many reindeer on him. ➢ Discussion of the Facts: An employee of Wal-Mart dropped reindeer on Monroe Jackson. He sustained a cut on his arm and the employee bandaged him up. He may no threats of suing and stated he was fine. Hours later he was uncomfortable in his neck and his arm and could not sleep. He saw his physician the next day and was prescribed painkillers. Six months later still in pain he sued Wal-Mart. 17 months after the initial incident he finally had a surgery that fixed his neck. ➢ Statement and Discussion of the Legal Issues in Dispute: . The statements are that Monroe Jackson was injured at Wal-Mart. The manager took statements and photos; however, did not retain the reindeer that landed on the consumer. When the court was presented with the case there were two very different accounts of how large the reindeers were and it could not be accounted for. The court ruled in favor of Mr. Johnson on the basis that Wal-Mart did not retain the reindeer because it would have been detrimental to their case therefore causing fault against Wal-Mart. ➢ Subject...
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...by the BP oil spill, including legal options for businesses and individuals looking to get back on their financial feet after the oil spill. (For in-depth information on filing a claim with BP's $20 billion compensation fund, see Nolo's article BP Oil Spill: Filing a Claim With BP's Compensation Fund.) The BP Oil Spill: Types of Lawsuits The BP oil spill has already prompted the filing of thousands of lawsuits. Businesses and workers have seen their livelihoods suffer or even disappear in Louisiana, Mississippi, Alabama, Florida, and Texas. Families and individuals in the Gulf region worry about the health hazards posed by the chemicals used to disperse and clean up the oil. And, with its dubious distinction as the largest environmental disaster in U.S. history, the BP oil spill has inflicted immeasurable devastation on the Gulf's coastline, wetlands, wildlife, and ecosystems. Here's a look at the different kinds of lawsuits being filed over the BP oil spill (with links to more information from Nolo where relevant). * Lost business profits and individual income losses. Thousands of businesses and workers in the Gulf region have filed lawsuits against BP, seeking repayment for profits and income that were lost because of the oil spill. These plaintiffs include companies and employees in the commercial...
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...Interactions Josh Herricks LAW/421 June-6-2013 Luke Martin Legal and Ethical Issues in Resolving International Interactions When an individual or a company is going to involve themselves in international transactions and or resolve a problem he or she should be educated with the laws and understand the foreign culture that he or she is doing business with. Without knowledge of the laws and the customs of a country it could mean that the business transaction will end before it started. It does not matter how small the international transaction, how good the partnership is, and if he or she thinks that nothing will ever happen during international transaction it is him or hers responsibility to make sure they are protected from any lawsuits and any litigations occurring. Businesses that take part in international transaction need to remember the transaction can be challenging. Both parties of an international transaction should come to an agreement on what is the choice of law and what forum selection will be used. The choice of law is to help eliminate confusion and helps coming to an understanding. The forum selection is a decision on how the conflict will be resolved such as arbitration, litigation, jurisdiction of the courts, and procedures. More issues are the culture will be different in a foreign country and if there are any religious views that he or she follows. In the United States men and women are treated equally. Men and woman have the choice on what they want...
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...as maintain order when it has gotten out of order (Llewellyn, 213),” they are also be used to punish the most minor crimes and torts. Each year, about 18 million to 30 million civil cases are considered in both federal and state courts (Pflepsen). Moreover, the United States of America has more than 70 percent of the lawyers in the entire world with half of them doing what non-lawyers do in the other parts of this world (Pflepsen). Yet, the mere fact that the United States has more than a third of the entire world’s lawyers shows that there is a high demand for litigation services, as demonstrated by the number of civil cases that are brought to federal and state courts. Some people have different views toward this previously mentioned lawsuit numbers. Given that there are different varieties of crimes that people can be punished in courts for, such as assault and battery, false imprisonment,...
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...Question 1: What financial impact do you think the lawsuit could potentially have on Wal-Mart? If the law suit was successful the company would have to pay all the compensation amount which was around 86 million dollars to its entire 1.6 million female employees .Which in short would be a big blow to the company’s financials, and also with the deteriorating image caused by the issue they might possibly lose out on an considerable amount of customers leading to further financial implications. It would also result in higher prices in the store because the company would try to make up for all the loss incurred cause of the particular suit. Question 2: What are the major moral complaints of the females suing Wal-Mart? Do you believe these moral complaints are justified? Why? The major complaints launched by the women were that the company (wal-mart) discriminated against female employees in promotions pay, management training and job assignments. The women stated that promotions in wal-mart were biased towards men, where men were promoted much faster and at a much frequent rate then women. They also stated that there was a pay gap between men and women where two people of different gender on the same positions were paid differently and women were often paid fairly lower than the men. I think feel the complaints are valid. If you are in a job and you see other coworkers getting hired whom are less qualified than you are then I think that the complaints are valid. If more than...
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...and government to pay closer attention to food labels, especially dietary supplements. The food industry is highly competitive and the high regulations could cause severe profit margin decreased in companies who do not legally represent themselves appropriately. Claims against companies in the food industry There are several areas where companies need to watch out for. The world is changing into this environmental friendly monster, which is outstanding, and it is affecting the food industry in the claims companies have to deal with. State consumer protection acts are other avenues where lawsuits can develop. “Food and beverage companies often face litigation in more than one jurisdiction, with more than one plaintiff, represented by separate sets of plaintiffs’ counsel” (http://www.sidley.com/productsliabilitylitigationfoodindustry/). In some cases, settling these lawsuits out of court is the best approach because of the negative publicity it could cause, but it’s just another example if the importance in having proper legal representation in the food industry. Food industry litigation example Companies in the food industry are spending thousands of dollars annually in order to keep the price down with litigation...
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...Importance of Training for Employees Anonymous HRM 326 Importance of Training for Employees The effectiveness of an organization greatly depends on how resourceful are its employees and how well prepared they are to meet challenges at work. Many organizations request the services of outside consultants to identity and implement trainings to improve the performance of its’ employees. Nowadays, the diversity of cultures in the United States, the complexity of the law system, and the challenges employees face regularly in their work places, are forcing organizations to train their employees to overcome these challenges. Trainings in legal requirements, diversity, and employee’s growth have become necessary for organizations to maintain the effectiveness of the employees. The main focus of this paper is to discuss how important are these subject areas to the development of employees professional and personal needs. Also the paper will focus on what benefits organizations acquire by implementing these types of employee trainings. Employees’ Legal Requirements During Training There are many potential situations during training that can adversely affect the reputation of an organization and can make employees vulnerable to legal actions (Noe, Chapter 10, 2008). Some of these adverse situations that can occur during training are employees getting injured during training events, not including all genders and races in the training, providing...
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