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Familybusiness

In: Business and Management

Submitted By mehawtwheelz
Words 520
Pages 3
Unit 2 Assignment
Mary Washington

The stakeholders are Brad, Eddie, Jane (whoever she takes care of), other employees and Greg. Brad is the owner so his interest is a profit and that his business is ran efficiently. Eddie is the general manger his interest is to one keep his job and to help his brother. Greg is the one receiving the extra money so that’s basically his interest. Jane is the one who can lose her job which means she can’t take care of herself and her family.
Employment-at-will is a legal rule that developed in the nineteenth century, giving employer’s unfettered power to “dismiss their employees at will for good cause, for no cause, or even for cause morally wrong, without being thereby guilty of a legal wrong.”1 The economic philosophy of laissez-faire provided theoretical support for employment-at-will. Its legal underpinnings consisted mainly of “freedom of contract,” the idea that individuals are free to choose how to dispose of what they own, including their labor, as they see fit, and that the voluntary contractual promises they make are legitimately enforceable. (Halbert & Ingulli, 2015) federal civil rights laws created remedies against employers who fire workers because of their race, national origin, color, religion, sex, age, or disability.4 In the 1970s and 1980s, federal and state statutes included protection from retaliation for employees who report violations of environmental or workplace safety laws, for example. (Halbert & Ingulli, 2015) Whistleblower Protection Enhancement Act (WPEA), passed in a rare bipartisan way in 2012. The WPEA strengthens the 1989 Whistleblower Protection Act (WPA), covering federal employees who report waste, fraud, and abuse, but which had been interpreted narrowly over the years by judges who were clearly hostile to it. (Halbert & Ingulli, 2015)
The Equal Employee Opportunity Commission…...

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...out regularly and explained in such a way that all shareholders understand it. Without this education, there will be no sense of justice. But don’t get me wrong; we love each other a lot. We have grown in family unity. My mother is a very strong woman and a very steadying influence. Isabel expressed her own expectations of the meeting this way: In the interests of the family and the business, everything has to come out well defined and organized. Things have to be clear for everybody, after some discussion and reflection, so that there is no second-guessing later. The meeting started with the setting of meeting goals and behavioral norms for constructive problem solving and conflict resolution. Feedback from the conversations with the familybusiness consultant was provided for family members to discuss, clarify, and then use to build an agenda that responded to the identified needs, problems, and opportunities. Selected as the two Copyright 2013. Family Business, 4 edition. Do not reproduce. th 4 top-priority items on the agenda were: (1) the lack of clarity and organization in the ownership structure, estate plan, and financial reporting mechanisms for shareholders, and (2) the lack of a well-organized family forum and board of directors. Board meetings existed only on paper, and only family members were on the board. Although a mini–family-business presentation made by the consultant early in the meeting may have influenced the selection of topics, both Tere and......

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