Being the sole owner of Uptown Distributors LLC. Distributing company, my client would have incurred damages in the form of profit loss due to the intentional and accidental theft of merchandise not to mention the irreversible damages inflicted to the credibility of his business and distributor clientele relationship due to the theft. All charges made would be directed towards Pops, as referenced in the rule “An employer is to be held liable for any actions and or behavior of his or her employees.” The merchandise belonging to my client intended for another customer was consciously and intentionally stolen by employees of POP 'S Barbershop, of which Pops is the sole owner. As such, Although Pops was not directly involved
Alter ego is defined as, “Legal doctrine whereby the court finds a corporation lacks a separate identity from an individual or corporate shareholder, resulting in injustice to the corporation’s debtors. Finding alter ego gives the court cause to pierce the corporate veil and hold individual shareholders personally liable for debts of the corporation” (Alter Ego. LII / Legal Information Institute, n.d.). The case of GRUENDL v. OEWEL PARTNERSHIP INC. the overall partnership of the OPL is OPI and not a plaintiff exclusively, a circumstance of which the defendant was mindful. Thomas Paine, Ellman, Burke, Hoffman & Johnson, Timothy F. Perry, San Francisco, for defendants and plaintiffs.
Another option would be to take them to court claiming promissory estoppel. Furthermore, claim that due to a promise that the manager was depending on, that the defendant failed to keep, the company lost money and profits and should be held responsible even if the promisor claims that it should not be legal (“Promissory Estoppel,” 2010). Either one of these options the store would prevail on due to the nature of the contract and that it was for the transfer of good from Mr. Stevens to the
By referring to industrialists like Andrew Carnegie and John D. Rockefeller as robber barons, Zinn means they acquired their wealth through dishonest means. For example, Rockefeller removed a rival refinery with “a small explosion arranged by Standard Oil officials with the refinery’s chief mechanic”. In addition, Carnegie became a millionaire by selling bonds for people and charging them enormous commissions (Zinn 257). In contrast, Schweikart and Allen refer to Carnegie
Is capitalism morally justifiable? In a text called ' 'Why Doesn 't GM Sell Crack ' by Michael Moore, the author argues that corporate downzising should be as illegal as crack because downzising is hurting us as much as crack does and it destroys our community in the society. Moore is talking about big companies like GM, AT&T, and GE which fire people when the company is making records profits in the billions of dollars and how the excutives who do this aren 't look down on. According to Moore, the people in the business world like to say that ' 'profit is supreme ' ' and other thing they like to say is ' 'profit is king ' ' because for them, it 's all about making profit. Moore is using his own experience with a man who was sitting
The misconduct of code of ethics by the management level by Enron corporation has led to the another question – The ultimate responsibility of a corporation towards society ? The ultimate responsibility of a corporation is to gain profit or become a stable economic unit ? (Johnson , 2014 ) In this case , it shows that under normal circumstances the management level of a company or corporation will choose to hide the truth over honesty and integrity .In other way , profitability has override the important of ethics in the corporation .
The financial scandals in early 2000s caused the Sarbanes-Oxley Act of 2002 to be created. Enron, WorldCom and the accounting firm, Arthur Andersen, to intentionally mislead their shareholders by exaggerating their profits and understating their expenses. The scandals had raised the importance of internal control for enhancing corporate governance. Therefore, the government established the SOX to protect the interest of the investors and employees and to monitor the companies and auditors.
A) Introduction Unethical behaviors in business affect everyone since you either work in the field or are a consumer of its services. Unfortunately, almost every company usually has individuals who act unethically whether it is for their personal benefit or for the sake of the company they work for. Unethical behaviors in business might be as simple as using company property or funds for personal gain to inside trading and financial fraud. According to The Chartered Institute of Management Accountants, nearly one third of business professionals feel pressured to compromise their ethical standards and are increasingly pushed towards unethical behavior. Moreover, “misconduct is common and accepted by business services professionals, the integrity of entire economic systems is at risk”, states Jordan A. Thomas, partner and chair of the Whistleblower Representation Practice at Labaton Sucharow law firm.
Capitalism: A Ghost Story is a controversial book by Arundhati Roy that aims to expose the downside that capitalism has brought to the Indian society. Ms. Roy accuses private corporations of robbing the poor in their quest for wealth, and how the government turned a blind eye when this is going on, as well as their harsh stance on detractors and terrorists. The book is asking whether it is ethical for the government, in order to boost their countries economy, let these private corporations exploit the poor people and their resources. It gives readers an account on some of the activities the Indian government engaged in that are not reported in the mainstream media, particularly on violence by government-funded groups and media censorship,
I understand that although the companies could prove in court that they suffered substantial losses in sales and revenues from the news program, what is going to determinate the conclusion in this case is whether the employees’ disparaging statements to the TV news show are protected as concerted activity under the National Labor Relations Act or not. Moreover, the employees proved that they tried to resolve the issue with the company and that the company instead, promoted to "do whatever it takes" including lying to customer, in order to meet with their expectations. This evidence it would have been very damaging to the company