October 15, 2012 |
Billionaire industrialists Charles and David Koch, often under intense scrutiny for their prodigious political contributions and prominent advocacy for various conservative causes, are back in the spotlight over a “voter information packet.” Distributed to 45,000 employees of Koch Industries-owned Georgia-Pacific, the packet, obtained by the political magazine In These Times , includes lists of candidates supported by the company stretching from...
July 5, 2013 |
Fast-food and other employees across the country have been striking and protesting for higher wages, arguing that they can't live on the minimum wage. Their protests have drawn attention in an economic recovery where data show that the gap between the rich and the poor is growing. Friday's jobs numbers show that the pay gap is continuing throughout industries. The Bureau of Labor Statistics tracks wages of all private-sector employees, but also breaks down wages of production and non-supervisory employees, which are “employees who are not owners or who are not primarily employed to direct, supervise, or plan the work of others.” Those workers make up 80% of the workforce, but their wages are growing more sluggishly than the wages of the whole workforce, which also includes supervisors and owners, data show.
October 21, 2011 |
Wedbush Securities Inc. sued two former employees and trading platform Liquidnet Holdings Inc., accusing them of taking customer lists, documents and disclosures from the firm. The suit accuses New York-based Liquidnet, used by institutional investors to buy and sell large blocks of shares, and the former employees, Louis Kerner and Michael Silverstein, of working together to take proprietary information from Wedbush to start the same business at Liquidnet. Liquidnet said Monday that it had hired Kerner to run a new group focused on private companies.
August 13, 2012 |
ATLANTA — Many American companies that had adopted a much-vaunted employee evaluation system have lately been turning away from it. Known as "stacked ranking" or "forced ranking," the process made famous by General Electric Co. is really just a version of what teachers call grading on the curve: a few people at the top, a few at the bottom and the rest clumped in the middle. The practice leaped into the spotlight — at least for people who study how companies perform — when Vanity Fair published in its August issue a profile of technology icon Microsoft Corp.
CALIFORNIA | LOCAL
October 10, 2013 |
A construction contractor has been indicted on fraud charges after allegedly taking $81,000 in wages from his employees for work done on a state developmental hospital in Costa Mesa. Sourin Babayan, 64, of Glendale, was indicted last week on 14 felony counts of taking and receiving a portion of a worker's wage on a public works project, 19 felony counts related to forgery and fraud, the Daily Pilot reported. He also faces two felony counts alleging attempted fraud and seven felony counts of dissuading a potential prosecution witness, with sentencing enhancements for property damage or loss exceeding $65,000, according to the Orange County district attorney's office and the state Department of Industrial Relations.
June 9, 1994 |
The IRS is cracking down on businesses that it says wrongly classify employees as independent contractors. Here are some guidelines from the tax agency and private attorneys who advise companies on how to determine classifications. An employee . . .