...a unionized company. A brief background will be given as well as legal issues and obstacles they may encounter, how the federal, state, and local laws could be breached because of the legal issues and why, and recommendations how to mitigate the possible litigation. As a part of the analysis the subsequent questions will be answered what are the benefits of UPS joining the union, what is the unionization process, how do they bargain, and what effects does the bargaining have on the organization. UPS started out as a messenger company in 1907 and has grown into a multibillion dollar corporation (UPS, 2011). Ups is the world largest package delivery company and leading global provider of specialized transportation and logistics services (UPS, 2001).UPS has 185,000 union members and 75,000 non union members. The majority of the UPS union members are a part of the International Brotherhood of Teamsters (IBT) which are a part of the (AFO-CIO) (Proyect, 2012). UPS operates under the National Labor Relations Act (NLRA), commonly known as the Wagner act (Thomas, 2001). Some of the legal issues include the legality of the proposals by UPS to change benefit packages, 2006 legal issue concerning the IBT’s right to designate a representative on a safety committee established by its collective bargaining agreement with UPS, and “The employee Free Choice Act” know as the Card Check bill. UPS has proposed a new UPS pension plan which would pull 44,000 full timers out of the central...
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...consisting of background information, legal issues and obstacles they may encounter, how the federal, state, and local laws could be breached because of the legal issues and why, and recommendations how to mitigate the possible litigation. As a part of the analysis the subsequent questions will be answered what are the benefits of UPS joining the union, what is the unionization process, how do they bargain, and what effects does the bargaining have on the organization. UPS started out as a messenger company in 1907 and has grown into a multibillion dollar corporation ("About Ups Highlights (company History) ", 1994-2012). Ups is the world largest package delivery company and leading global provider of specialized transportation and logistics services ("Company History (timeline)", 1994-2012).UPS has 185,000 union members and 75,000 non union members (). The majority of the UPS union members are a part of the international brotherhood of teamsters (IBT) which are a part of the (AFO-CIO) (Proyect, 2012). UPS operates under the National Labor Relations Act (NLRA, commonly known as the Wagner act.) (Thomas, 2001). Some of the legal issues include the legality of the proposals by UPS to change benefit packages, 2006 legal issue concerning the IBT’s right to designate a representative on a safety committee established by its collective bargaining agreement with UPS, and “The employee Free Choice Act” know as the Card Check bill. One of the proposals in recent years UPS has proposed a...
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...LEADERSHIP AND ETHICAL DECISIONS PERFORMED BY KENNETH LEWIS AND THE FED DURRING THE FINANCIAL CRISIS OF 2007-2008 November 29, 2010 Introduction The robust leadership decisions of both the Fed and Kenneth Lewis, CEO of Bank of America (B of A), were not only ethical and accurate, but could have simply saved our financial system as we know it. During the weekend of September 13-14, 2008 Kenneth Lewis met with CEO of Merrill Lynch (Merrill), John Thain, in order to try and rescue Merrill from a hasty bankruptcy that lurked around the corner. Lewis was thinking that it was the perfect opportunity to add the only thing that B of A lacked after recent acquisitions, a “Wall Street investment bank that underwrote and sold securities” (Pozen and Beresford, 2010). On December 5, 2008 B of A’s shareholders voted to approve the merger between the two (Pozen and Beresford, 2010). It wasn’t until days later that Lewis became progressively more concerned about the growing fourth quarter losses on Merrill’s books, from $5.38 billion on November 12 to $12 billion on December 14, one month later. By mid December Lewis began looking for a way out of the deal before the scheduled closing date in late January. Both the Fed and the U.S. Treasury Secretary, resisting that Lewis walk away, threatened to fire Lewis and replace the board at B of A if the merger didn’t take place. Lewis, afraid of legalities from not disclosing the losses to their shareholders before the vote, and the drop in...
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...laws revolving around gambling, it makes such site extremely hard to regulate and maintain. Even more so is the ethical issues with such services, and if they cause more harm than good. This is what I hope to discuss in this paper, and give my personal opinion on the matter. I would like to quickly cover the legality of online gambling, because it helps applies a truer understanding of the ethical dilemmas surrounding the issue. To the federal government, anything you can do in a casino is fair game for any website, but because each state also has its own gambling regulations, the final decision is down to them. To date, only several states have created legislation involving gambling over the internet, some allowing it, while some completely prohibit the activity. There are also so complicated, outdated law that applies to all gambling activates, such as the 1961 Wire Act that prohibits gambling on sporting events. These are all issues to consider when looking at the ethicality of online gambling. I would like to look at the issue with an Act Utilitarianism perspective, and try to figure out if the good outweighs the bad, or vice versa. Casinos bring in massive amounts of income for states through taxes and tourism. Last year, New Jersey made $2.87 billion dollars from casino revenue, with $8.4 million being made in a five week period from online gambling [1]. This is money that allows the state to invest into their citizens, with free schooling and cheaper healthcare options...
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...with more than $50 billion in assets to undergo to ensure they can endure shocks like those that upended the banking system and led to big government bailouts in the 2008 financial crisis. Lenders announced more than $60 billion of dividends and stock buybacks after the Fed approved capital plans for 25 of the 30 banks in its annual exam. In the extreme scenario, the Fed test assumed a rise in the 6.7% unemployment rate to 11.2%, a 50% drop in stock prices and a decline in home prices to 2001 levels (Citi…). Citigroup shares dropped 5.4% Thursday to close at $47.45 a share after the Federal Reserve rejected the plans of Citigroup and four other banks to raise dividend payments and increase stock buybacks. Twenty-five other banks that took part in the "stress test" received a green light for their planned dividend payouts and share repurchases. Citigroup was the biggest recipient of federal bailout money during the crisis, getting $45 billion in cash infusions and many billions more in guarantees. The Fed said its rejection of Citigroup's plans "reflects significantly heightened supervisory expectations for the largest and most complex" bank holding companies. The results show lenders may still face obstacles to boosting dividends and buybacks even as regulators say the firms have doubled their capital since the first public stress test in 2009 (Citi…Boos). The Fed is increasing scrutiny of the industry’s controls and planning processes as concerns about capital levels wane...
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...influence to help save the nation from disaster during several economic crises. In 1895, Morgan assisted in rescuing America’s gold standard when he headed a banking syndicate that loaned the federal government more than $60 million. In another instance, the financial panic of 1907, Morgan held a meeting of the country’s top financiers at his New York City home and convinced them to bail out various faltering financial institutions in order to stabilize the markets. Morgan initially was widely commended for leading Wall Street out of the 1907 financial crisis; however, in the ensuing years the portly banker with the handlebar mustache and gruff manner faced increasing criticism from muckraking journalists, progressive politicians and others that he had too much power and could manipulate the financial system for his own gain. In 1912, Morgan was called to testify before a congressional committee chaired by U.S. Representative Arsene Pujo (1861-1939) of Louisiana that was investigating the existence of a “money trust,” a small cabal of elite Wall Street financiers, including Morgan, who allegedly colluded to control American banking and industry. The Pujo Committee hearings helped bring about the creation of the Federal Reserve System in December 1913 and spurred passage of the Clayton Antitrust Act of 1914. J.P. MORGAN: ART COLLECTION AND FINAL YEARS The famous financier died at age 75 on March 31, 1913, in Rome, Italy. On April 14, the day of his funeral, the New York Stock Exchange...
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...Ms. Silver-Greenberg, in her article entitled “As Foreclosure Problems Persist, Fed Seeks More Fines”, noted three key points, 1) the Federal Reserve is interceding with regards to the foreclosure dilemma, 2) there are flaws in the foreclosure process and 3) consumer’s may quality to request an “Independent Foreclosure Review”. Ms. Silver-Greenberg states the Fed is interceding in the foreclosure dilemma. After an extensive investigation, extending over 2 years according to Silver-Greenberg, by the Federal Reserve resulted in a report entitled “ Interagency Review of Foreclosure Policies and Practices” (2011). The Fed’s have imposed a guideline for the mortgage institutions to follow and if they choose not to, there are talks of imposing stiff fines. The actions of these lenders have affected not only the borrowers, but also the mortgage industry, investors, and the economy itself. I feel that it is a shame lenders were able to get away with their procedural defects as long as they were. This resulted in more consumers being affected and as an end result exacerbated the decline in the economy. According to not only Ms. Silver-Greenberg, but also the report submitted by the Federal Reserve, (2011), there are flaws in the foreclosure process. These flaws are not only inappropriate signatures of bank officials, but also issues with organization of paperwork, customer service, lack of quality control, just to name a few. After reviewing this report, which until now...
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...complete your one time project at a much lower cost than if you got someone from the United States with the same skill level. ODesk created its online marketplace in 2005 for smaller businesses to be able to see the individual ratings and portfolio of foreign workers willing to do a project for a small amount of money. http://www.nytimes.com/2014/02/16/business/small-business-joining-a-parade-of-outsourcing.html?_r=0 Summary of Article 2: “Food, housing costs rise sharply in March; overall inflation low”April 15, 2014|By Ricardo Lopez - Although during march, food and house costs rise, inflation remains at an average low. The Federal consumers price index rose by 0.2% while the past 12 months, overall inflation rose by 1.7%. Because of extreme weather behavior during march, the price of beef rose to an all time high rising up by 0.4% according to the Federal consumers price index. After the extreme weather behavior the index for meats, eggs, and poultry increased along with the rental index. http://articles.latimes.com/2014/apr/15/business/la-fi-mo-consumer-price-index-20140415 Summary of Article 3: “The New American Dilemma” By Mortimer B. Zuckerman July 23, 2014 - During the month of june it was believed that close to 300,000 jobs had been created, but that was far from true since in fact over half a million jobs had plunged. As a result of the half a million full time jobs that had plunged, around 800,000 part time jobs rose because of Americans resulting to part time...
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...transport and the shape of the ladder was the exact same to the Lindbergh baby kidnapping. The comparison between these two ladders were very credible and Hauptmann claimed it was because of his profession of a carpenter. Nonetheless, the police were able to prove that the ladders from both occasions were about one and the same. The tests from both were very compatible and eventually, both ladders were used as evidence against him in the trial. Although he had a strong criminal background, the police needed to find motives as to why Hauptmann would want to commit such a travesty in the first place. The police were able to find two possible motives, money and a feeling of superiority. Although there are more reasons behind committing this immoral act, superiority and money are the two most important motivating factors. Hauptmann fully believed that he was superior to Charles, but was not appreciated in the way that he should have been. Hauptmann thought that the Lindbergh’s had everything that he did not, including a child (“Hauptmann’s motive”). Hauptmann felt so much anger towards the Lindbergh’s and their successes that Hauptmann felt he needed to take the most important thing from the Lindbergh’s to make them feel less than of themselves thereby making Hauptmann feel like he is superior to the Lindberghs. When the case began to be strung out over the course of a couple years, Hauptmann viewed the kidnapping and ransom against the Lindbergh as further proof of his superiority (“Hauptmann’s...
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...Image having someone close taken away, imagine how much pain and anguish one would feel. Well, this is how the Lindbergh’s felt when their son was snatched from their arms. The Lindbergh baby kidnapping resulted in the passage of the Lindbergh kidnapping law and the prohibition of courtroom photography. No one knew hat the night of March 1, 1932 was going to be the worst night for the Lindbergh’s on that evening Anne and the Nursemaid, Betty, put baby Charles to sleep. A while later Charles Lindbergh arrived at the house and ate dinner with Ann, after having dinner he went to his study while Anne got ready for bed; meanwhile Betty went to check on the baby, and she walked into the room, she didn’t hear anything, so she ventured closer to the crib, and when she got close enough to see, she realized the baby was gone. She raced to the study to see if the baby was with his father, but when she saw that he wasn’t their, she went to see if he was with his mother, but he wasn’t with her either. Charles Lindbergh couldn’t believe what was going he first said “Anne they have stolen our baby”(Beverly 15). After searching he found a ransom note but he did not touch it in case of finger prints, and then immediately he called the police saying “[T]his is Charles Lindbergh, my son has just been kidnapped” (Greg n.p.). In minutes the police arrived and Lindbergh told them everything, they took the note and immediately checked for prints, then they gave it to Charles to open. The note stated...
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...Trustworthy Politicians Kaplan University CM220-19 Prof. John Gunter The political campaign system is a system in which misconception and deceit have become status quo. The principal of politics is based on the pretense that these individuals are being fair, honest and have everyone's best interests' in mind. But not only do we not know the intention, but one can be sure that they aren’t just using the system for personal gain. The potential presidential seat is full of responsibilities and decisions to be made with high ethical decision making. Implementing a new set of guidelines using polygraph tests, having the tests televised and a creating a detailed career outline report in the campaign process would help to ensure the validity of the politicians’ statements and past history. Webster's defines ethics as the discipline dealing with what is good and bad and with moral duty and obligation (Ethic, 2012). In politics, ethics plays a major role not only in day to day proceedings, but on the campaign trail as well. The voice of these future leaders is heard very carefully and used as the framework for the voter’s decisions. A lack in ethical responsibility can result in catastrophic repercussions. The position of the President is a real powerful seat to be in. Wars and conflicts can be started or ended from that seat. Big decisions on healthcare, foreign matters, infrastructures and poverty, are matters that affect...
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...in 1. Psychological processes 2. Honesty 3. Physiological processes 4. Environment 1. The use of polygraphs is argued to allow business to abolish the use of 1. Audits 2. Salary decreases 3. Random firing 4. Nepotism 1. Lynn March holds that polygraphs are accurate 1. 33% of the time 2. 45% of the time 3. 78% of the time 4. 90% of the time 1. David T. Lykken holds that polygraphs have, at most, been measured as being accurate 1. 27% of the time 2. 63% of the time 3. 74% of the time 4. 90% of the time 1. Polygraphs infringe on 1. Autonomy 2. Liberty 3. Privacy 4. Property 1. Christopher Pyle holds that polygraphs infringe on 1. Autonomy 2. Liberty 3. Privacy 4. Property 1. The Employee Polygraph Protection Act was passed in 1. 1976 2. 1984 3. 1988 4. 1996 1. How many of the Fortune 100 companies use the Myers-Brigg Type Indicator?...
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...the five key regulatory areas Cost Club must adhere to. Following is a list of those areas: Employee Privacy, Employee Unions, Occupational Safety and Health Administration (OSHA), Employee Retirement Income Security Act (ERISA), and Fair Labor Standards Act (FLSA). Employee Privacy Federal Law – General Privacy Laws * Driver’s Privacy Protection Act of 1994 – 18 U.S. Code 2721. This law limits disclosures of personal information maintained by the Department of Motor Vehicles. * Electronic Communications Privacy Act of 1986 – 18 U.S. Code sections 2510-2522, 2701-2711, 3121, 1367. This law amends the federal wiretap law to cover different types of electronic communications i.e. e-mail, radio-paging devices, cell phones, private communications carriers, and computer transmissions and extends ban on interception to the communications of wire or electronic communication services and restricts access to stored wired and electronic communication/transaction records. * Family Education Rights and Privacy Act of 1974 (FERPA) – 20 U.S. Code section 1232g. This law restricts the disclosure of educational records. * Fair Credit Reporting Act (FCRA) – 15 U.S. Code sections 1681-1681u. This law promotes accuracy, fairness, and privacy of information gathered by credit bureaus and sold to creditors, employers, and other businesses. * Fair Debt Collection Practices Act – 15 U.S. Code sections 1692-1692p. This is to eliminate abusive debt collection practices by...
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...EFCA Employee Free Choice Act Relissa Watson Business 405 November 29, 2009 “The EFCA is a bill presently being considered in the United States Congress.” http://en.wikipedia.org/wiki/Employeefreechoiceact The EFCA’S main focus is the amendment to the NLRA (National Labor Relations Act). The amendment will allow employees the choice of forming, joining, assisting labor organizations, and it will provide injunctions for unfair labor practices. The present labor law uses a process called check card. The process starts with employees receiving blank cards from their current union, and getting signatures on the cards from their colleagues. At least 30% of the workers must sign these cards in order for the employer to ask the NLRB to hold a secret ballot election, to decide if the employees want to be in a union. Check Card results are not revealed to the employer until at least 50 to 60% of the employees have signed the cards. If the EFCA comes to pass it will change the present procedure and require the NLRB to certify the unions as bargaining representatives. This process will change the process that is currently in place and it will change the secret ballot process employees of a bargaining unit are currently using. The new process will allow employees to use secret ballot elections when the majority has decided to join the union through the check-card process. The NLRA established in 1935 made it legal to form unions once the majority has signed bargaining cards. Bargaining...
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...HR and Business Acronyms AA 1.) Affirmative Action 2.) Adverse Action AACU American Association of Colleges and Universities AAO Affirmative Action Office AAP Affirmative Action Plan AAR Average Annual Return AARP American Association of Retired Persons ABF Asset Based Financing ABM Activity Based Management ABMS Activities Based Management System ABS Asset Backed Security ACH Automated Clearing House AD & D Accidental Death and Dismemberment ADA Americans with Disabilities Act ADEA Age Discrimination and Employment Act ADL Activities of Daily Living ADP Automatic Data Processing ADR Alternative Dispute Resolution AE Account Executive AED United Arab Emirates AFL-CIO American Federation of Labor and Congress of Industrial Organizations AFSCME American Federation of State, County and Municipal Employers AJB Americas Job Bank ALC Alien Labor Certification ALEX Automated Labor Exchange ALJ Administrative Law Judge ALM Asset Liability Management AM Asset Management AMA 1.) American Management Association 2.) American Medical Association AMPS Auction Market Preferred Stock ANSI American National Standards Institute AP Accounts Payable AR Accounts Receivable APB Accounting Principles Board APR Annual Percentage Rate APV Adjusted Present Value APY Annual Percentage Yield ASAE American Society of Association Executives ASB Accounting Standards Board ASHHRA American Society for Healthcare Human Resources Administration ...
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