Pros: revised the statues can help to reduce the power of CEO and give the large shareholders more power to make the decision and changes for the company. In the case we can see there has a problem that independence of the board of directors at Friendly, as they were unable to control the activities of CEO and chairman. So If the CEO doesn’t want to change behavior, shareholder can give rights to make decision instead of let CEO make own opinion making decision to avoid the mismanagement. Cons: It is unsure that is good to give the shareholders big rights to make the decision for the company because not all shareholders have the intention to help and improve the company. Like board of directors in Friendly did not have unity among each other’s, so the company should to balance the power of each participant.
"We are not in business to make maximum profit for our shareholders. We are in business...to serve society. Profit is our reward for doing it well. If business does not serve society, society will not long tolerate our profits or even our existence." Kenneth Dayton, former Chairman of the Dayton-Hudson Corporation 1.
As a country, by making a considerable investment in corporate philanthropy which goes beyond the original gifts of private donors easily. Therefore, despite the social impact of the corporations are disproportionate to their spending, it is still in an understandable level. If corporations just simply serve as passive means for giving, they therefore not only fail to achieve their potential but also fail to attain the important societal obligation (Porter & Harris, 1999). Although a lot of corporations are talking about the so called "strategic" giving in recent days, much current practices do not match with the strategy. Among the common problems, corporations disperse their funding in a broadly way, and thus, they overlook the value-creating potential of longer and closer working relationships with grantees; also they do not pay enough attention to the ultimate results of the work that they have funded.
Anthony Mendoza Nagle English II CP September 14, 2015 Summer Assignment Over the summer, I choose to read Fast Food Nation. This book was really an eye opener to me towards fast food chains. The main idea of the book Fast Food Nation is to show the dark side of the fast food industry. The author supports this throughout the book by talking about the workers of the food industry, quality of meat served and advertisement aimed towards children. These are all examples of how bad the industry truly is.
In his book Fast Food Nation, Schlosser explains and clarifies the dark side of Fast Food in America and the world. Schlosser starts off the book by telling the story of Carl Karcher, who bought a hot dog cart while working his own job and with the advances in automobile industry he eventually opened a Drive-In Barbeque restaurant. Schlosser explains how the economy after world war 2 helped get Carl a lot of customers. In addition, Schlosser also mentions the story of the McDonald brothers, opening the first Speedee Serive System restaurant and how other restaurants adopted the idea. Schlosser mentions advertising Fast Food for kids and how that increases customers coming in.
In addition, the fair and square strategy as noted by pricing consultant Rafi Mohammed does not allow JCP to respond to their competitors when they reduce their prices. Whether Johnson had unveil, the “Fair and Square” slowly or in a different time sequence the result would be the same because it was the wrong strategy for that type of industry and the product it offered in the long run the result would have been the
Had they utilized this theory, they may have considered that although their irresponsible actions were building the appearance of economic success, they were putting the livelihoods of their employees and shareholders at risk. There are many ethical theories, but knowingly misleading and lying is not part of
In the case we can see there has a problem that independence of the board of directors at Friendly, as they were unable to control the activities of CEO and chairman. So If the CEO doesn’t want to change behavior, shareholder can give rights to make decision instead of let CEO make own opinion making decision to avoid the mismanagement. Cons: It is unsure that is good to give the shareholders big rights to make the decision for the company because not all shareholders have the intention to help and improve the company. In Friendly, board of directors did not have unity among each other’s, so the company should to balance the power of each
And one of the most worth to speak of is their front line staffs’ service attitude, which can be described as three words “feel like home”. Now, they have nearly 400 branches in many countries including the US, China, Japan and France. In a word, Pret a Manger has a large amount of loyal fellows and wins a high reputation among manga areas. 2. Background on the company, industry and competitors (250 words) As a fast food, how to stand out in such a competitive fast food market becomes a big challenge.
Al-Harkan (2005) reports that the importance of separating the responsibilities of the chairman and the CEO will help companies achieve an effective corporate governance system. A number of barriers affect the effectiveness of the Board of Directors, some of which are the lack of rotation plans, committee structure not functioning properly, lack of strategic plans, and the failure to take unproductive members off the