Posts Tagged: employees

Virgin Orbit Files for Bankruptcy

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According to the New York Times, the satellite launch company, founded by Richard Branson, announced sweeping cuts last week as it struggled to recover from a high-profile rocket failure in January. Questions: Source: Granville, K. (2023) Virgin Orbit Files for Bankruptcy After Failed Launch and Lack of Funding. The New York Times, April 4 (Retrievable… Read more »

Easing Mandate

Posted by & filed under Accounting Information Systems, Accounting Principles, All Articles, Behavioral and Social Issues Related to Accounting, Ethical Dilemma, Managerial Accounting, Uncategorized.

According to the Washington Post, Walmart will no longer require fully vaccinated workers to wear masks while working in stores unless required under local or state rules, the company said in a memo to its U.S. employees. Questions: How many employees does this change affect? Will all vaccinated Walmart employees be allowed to drop the… Read more »

Location-based Salaries and Pay Equity

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According to Babak Varjavandi, companies embracing location-based compensation send an unspoken message that people who live in more affluent areas are worth more to the company. Questions: What are the positive effects of avoiding location-based pay cuts? How does Babak recommend that companies set up fair compensation plans in a remote work environments? What is… Read more »

Diversity Disclosures

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On this MLK day, we take a look at diversity disclosures and the S&P as detailed by Richard Binder at BenefitsPro.com. Questions: According to McKinsey & Company, how long will it take for Black workers to reach talent parity across all levels in the private sector? However, if promotion, attrition, and external hiring rates were… Read more »

CEO with the “Crass”mas Spirit

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Last Wednesday, the CEO of Better.com, Vishal Garg, fired 900 employees during a 3-minute holiday Zoom presentation. Questions: Where did CEO Garg “bad-mouth” the laid off employees, accusing them of stealing time from the company? What percent of Better.com’s workforce is this? What industry is Better.com in? Explain all the factors that are wrong with… Read more »

Striketober

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According to the Washington Post, Striketober is upon us, with factory workers, nurses and school bus drivers among the thousands of Americans who walked off jobs in October. Questions: According to the article, what are some of the reasons for so much striking? Is there any linkage between the “Great Resignation” and the increased striking?… Read more »

What would you do with: Two First-Class Plane Tickets and $10,000?

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The chief executive and founder of the shapewear company Spanx surprised employees with two first-class plane tickets and $10,000 each. Questions: How much did Sara Blakely spend to start her company in 2000 and what did she pledge it would be worth when people laughed 21 years ago? What fact points to why Blakely is… Read more »

Sad Times for a Retail Icon!

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This week, J.C. Penney filed for bankruptcy protection after a prolonged decline over the past 20 years, becoming the latest and largest retailer to fall during the coronavirus pandemic, which has devastated the industry. Questions: How many employees does this affect? When and where did the company start? How many stores does the company have… Read more »

Money for Climate Change

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Jeff Bezos announced on Instagram today that he is giving about 7.7% of his $130 billion net worth to launch the Bezos Earth Fund. Questions: According to the article, what role did Amazon employees have in this move? How much in total dollars is he committing? By 2040, what is Amazon’s pledge? Source: Harrington, R…. Read more »

The $3 idea goes away

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The San Francisco-based company that sold most private-label essentials without branding is closing. Questions: Why did they decide to close? Based on the article, how many people were employed at Brandless? How much did SoftBank invest in this company’s concept? When did Brandless start selling its products in major retailers’ physical stores instead of online-only?… Read more »