Moral Capitalism in the NFL lockout When it comes to fights over money, neither pro-football players nor owners are easy to root for. The owners are rich enough to begin with, and the players, though they take part in a violent game that risks their long-term health, are compensated handsomely. To further complicate the legal struggles of billionaires vs. millionaires; both players and owners are competing for human capital by trying to capture the loyalty of the fans. They do this fully aware
Words: 2428 - Pages: 10
Funding Allocation and Accountability Rena Godfrey Capella University ED7822 Funding of Educational Institutions Quarter & Year: Winter 2013 Email: renag1934@gmail.com Instructor: Lee Moore, Ed.D. Funding Education and Accountability Financial reporting ensures that school district budgetary and financial information are available, comparable and audited, and that school districts are meeting their legislated and government policy based financial responsibilities. Background of
Words: 3049 - Pages: 13
2. Corporate Nature and Classification. It is decided that the organizational form for this firm should provide limited liability for the owners. The owners will include John, Mary, Paul, and some members of their respective families. One of the features of the corporate form is limited liability. Ordinarily, however, corporate income is taxed at both the corporate level and the shareholder level. Which corporate form could the firm use to avoid this double taxation? An organization like
Words: 896 - Pages: 4
Fact of the Case This suit regarding damages for breach of fiduciary duty where plaintiff claimed against the first defendant and 3 others who holding director position in Kesang Corporation Bhd ('KCB') for transfering a property owned by him to a third party without his concern. The property is an apartment in Tanjung Tuan Port Dickson which was bought from a company known as Tanjung Tuan Resort Development Sdn Bhd which then transferred to KCB and then to third parties. The plaintiff's claims
Words: 3577 - Pages: 15
answering the following questions: What role do external social pressures have in influencing organizational ethics? Most of us live by the golden rule of, “do unto others as you would have them to do for you.” The Real Estate Agent has a fiduciary duty to their client but this duty is often breached. Taking a listing knowing nothing about the area or taking an over priced listing just to have a listing can be
Words: 1041 - Pages: 5
Current Internal Revenue Code,SEC. 267. LOSSES, EXPENSES, AND INTEREST WITH RESPECT TO TRANSACTIONS BETWEEN RELATED TAXPAYERS. 267(a) In General.— 267(a)(1) Deduction for losses disallowed.— No deduction shall be allowed in respect of any loss from the sale or exchange of property, directly or indirectly, between persons specified in any of the paragraphs of subsection (b). The preceding sentence shall not apply to any loss of the distributing corporation (or the distributee) in the case
Words: 2728 - Pages: 11
information from Young so they could settle the other case and secure the $2.9 million fee and cost reimbursement in that case. The jury returned a verdict for Young of $394,000 in compensatory damages as a result of Becker & Poliakoff’s breach of fiduciary duty. The total compensatory damages consisted of $144,000 in past lost wages and $250,000 in damages for “pain and suffering, mental anguish, or loss of dignity.” However, the court reduced the punitive damages to $2 million,
Words: 1058 - Pages: 5
Insider Trading – Breach of Corporate Fiduciary During Mergers and Acquisition Scenario - A Leadership and Corporate Accountability Study EPGPKC/02/047 EPGPKC/02/063 EPGPKC/02/064 EPGPKC/02/068 EPGPKC/02/070 EPGPKC/02/076 Bijith P. B. Madhu Chandran Mahashook Ebrahim Nikhil Hari Kesavan Paul Cherusseril Mohan Rakesh Krishnan Sudheer Insider: Corporate insider has privy to information of the company (sales and profit figures, future growth indicators, management strategies
Words: 2517 - Pages: 11
will try their best to keep the company develop and they can do a good job without Jobs. 2. Apple was extremely secretive about its succession plan. What were the benefits of this approach? Was the lack of transparency a breach of the board’s fiduciary responsibility to shareholders? * The benefits of this approach is “to ensure that its future was not as directly linked with Jobs playing such an active role in the company as he had in the past” (Case 30). This approach will benefit Apple’s
Words: 323 - Pages: 2
arise. Duty of care is the principle that directors and officers of a corporation have in making all decisions in their capacities as corporate fiduciaries, who must act in the same manner as a reasonably prudent person in their position would (Cornell, 2015). Duty of care is considered a business judgment rule which is met as long as the fiduciary executed a reasonably informed, rational judgment in good faith, that didn’t occur with a conflict of interest. A court needs to be able to agree
Words: 1576 - Pages: 7
