This contact is not binding on the Oxy Corporation because the contract was not approved with the consent of the minority stockholder. Based on these terms and agreements Wick should have not took an active part as a board member in the vote for his company to obtain the construction contract for the Oxy Corporation because of conflict of interest with his own company. The contract was approved on a three-to-two vote with Wick voting with the majority and Wick did inform two of the other directors of his interest in the construction company. As a board member, his responsibility should be to exercise the power for a proper purpose and not look to divert an investment opportunity to his own company. Thus, his actions along with the non-minority
As the brand manager for Allround cold medicine, there were many decisions regarding product formulation, strategy, line extensions and product launches over the company’s last 10 periods. The brand was focused on remaining a profitable, mature product family within the cold medicine category, but also maintaining a premium brand image.
Under the mathematical exhibits Table 4 shows the differences between the old gross margin and the new gross margin. Therefore, this method should look more attractive to the company as well as providing more of an accurate gross margin for them. This showed that the valves and pumps are more useful and profitable than they previously thought whenever they were using the old traditional method instead of the activity based cost method. But, looking at the similarities of them both the pumps is still below the planned gross margin of 35%. The Wilkerson Company wants their gross margin to be above 35% but even using the activity cost based method it is only at 33.1%. A difference was that the old method had flow controllers being the most profitable
From year-end 2004 through the first-quarter 2008, defendant Brian Fox misled the investing public by fraudulently inflating the revenue and assets and fraudulently omitting major liabilities, of Powder River Petroleum International, Inc. (“Powder River” or the “company”) in the company’s Commission filings, and by making other false and misleading public disclosures. From year-end 2004, Powder River conveyed working interests in oil and gas leases to investors in Asia for over $43 million. Because Powder River promised full repayment of the working interest
It is clear from the case study that Alistair knows the contract is unorthodox. The problem he faces is whether he should overlook the bribe or report it to the board. The board of directors expects Alistair to tell the truth and report the bribe because of: his position as Chief Legal Officer, the board has a very strong ethics policy and they are wary of unethical activities.
This review will address several issues associated with the legal, business, and ethics related with the case. First, it will address the legality of the case by reviewing the difference between a written and oral contract, and the results of recovering fees. Next, this review will analyze the business effect of the case as it relates to the monetary bottom line and Chuckrow’s attempt to protect his profits. Subsequently, it will highlight the unethical behavior of Chuckrow and its potential effects on future subcontractors’ trust in
Rossi Inc. is a diversified manufacturer of industrial products. In 2008, Rossi updated its asbestos litigation liability, including the costs of settlement payments and defense costs relating to currently pending claims and future claims projected to be filed against the Company through 2017 for losses incurred to date. Before 2008, the Company’s previous estimate was for claims projected to be filed through 2011. As part of the 2008 update to the asbestos litigation liability, Rossi engaged Thompson and Associates, a consulting firm, to serve as an external specialist to estimate the claims liability for December 31, 2008. As a result of the 2008 update and the external specialist claims estimate, the Company significantly
NCB is a manufacturer and distributer of a wide range of office products. In Canada, NCB uses several distributers in different regions. One of the major distributers is Harrison Stationary and Office Supply LTD. Harrison had distributed NCB’S products for over 50 years and NCB was the largest supplier of Harrison. In January 2003 Harrison was acquired by the president of the company and four senior officers. Most of the acquisition cost was financed by bank loans. Since the acquisition, Harrison had difficulties to pay NCB for the goods and the account receivable reached to unacceptable level. In September 2005 the Harrison account was 156 days old and amounted to $ 4.4 million. In
Second, Pfizer may be able to argue that it has better records than Rector. Courts have not consistently dealt with records as evidence of product identification. Courts are currently divided about whether plaintiffs must provide records to satisfy their product identification burden. Many courts have implied that a plaintiff must provide more than just their testimony to establish product identification. Mississippi Valley Silica Co. v. Reeves, 141 So. 3d 377, 383 (Miss. 2014); Osorio v. Baxter Int'l, Inc., 2011 U.S. Dist. LEXIS 48820, *2 (N.D. Ohio May 6, 2011). For example, in Reeves, the Court found that the plaintiff did not meet his burden on product identification because there were no records that the plaintiff ever interacted
Since the evidences are clearly shown, Mebel, Doran & Company has many options to solve this problem. Firstly, Company should fire the person or people involved in this issue to show client company and public that company is not collaborated with them. Secondly, Company might have to pay some compensation for partial loss on Knox corporation deal in order to maintain relationship and close this acquisition deal. Thirdly, Company can notify the U.S. Securities and Exchange Commission or SEC to investigate this matter. Each option has its own advantages and disadvantages.
After seen the expanding over Europe and Canada, in order to keep having opportunistic purchases to supply all the demand of The TJX Companies’ selling the number of Associates of TJX will be no less than 1000 to ensure that the company will cover enough all the expanding growing period. Also TJX will invest more capital in studies of trends and fashion to minimize the risk of the investment and make sure that people is going to buy the merchandise. And finally they will invest too in more security in the data system because people wants to be safe buying and confidence that nothing is going to happen as incidents like the information
CEO John McDonough decided on making acquisition of Calphalon and Rubbermaid, which influent shareholders’ confidence.
As long-term valuation is assumed, risk free rate is set as 30-year treasury rate, 5.73%. Cost of debt is 6.72% reflecting Amoco’s credit level. Cost of equity is calculated as 10.63%, leading to final WACC at 8.85% (Chart 1).
: And as a result, even in the worst case scenario in which she did not want to donate her organs after death, the OPO representative is able to recognize and respect Erin’s former autonomy while simultaneously recognizing the existence of an overriding moral obligation and seeing to it that Erin’s organs are donated.
Pharmed First Inc. is a widely successful chain pharmaceutical company with 85 drugstores located in Canada’s Atlantic provinces. George Brenner is one of the 6 regional managers and Angela MacFee is a store manager in a mall located in Dartmouth. One of MacFee’s loyal customers have purchased 9 packages of Diet Magic on September 2011 however wanted to return them on May 2012. Subsequently, MacFee reacted hastily and defensively, arguing with Johnston in spite of Pharmed First Inc. return policy (Figure 1). As a result, Johnston wrote a letter to Frank Chen, the president of Pharmed First Inc. and told Brenner to deal with it. He proposed that the company gives Johnston a $500 voucher and that MacFee apologizes. However, MacFee remained inflexible as she also challenged Brenner’s authority.
Next, you find that all of the salespeople are paid a straight salary, and all receive exactly the