JPMorgan fined $1.7 billion

Posted by & filed under Conflict, Control, Ethics, Human Resource Management, Social Responsibility, Video Report.

Description: The U.S. government seems to be coming hard on Wall Street. In a recent judgment, the U.S. justice fined JPMorgan $1.7 billion for failing to inform the authorities over Bernard Madoff’s Ponzi scheme.                                 Source: CBC Date: Jan 10, 2014 Video Link: http://www.cbc.ca/player/News/Business/ID/2429428298/ Questions for Discussion: Should JPMorgan be held responsible and fined… Read more »

Swiss to vote on CEO pay

Posted by & filed under Compensation & Benefits, Ethics, Leadership, Social Responsibility, Video Report.

Description: Switzerland goes to vote on capping CEO pay to 12 times the pay received by the lowest paid employee in the company. The reasoning behind this referendum is to maintain some level of parity among the highest and the lowest earners in the country. Source: CBC Date: Nov. 21, 2013 Video Link:  http://www.cbc.ca/player/News/Business/ID/2419872290/ Questions… Read more »

Emissions from Canadian oilsands

Posted by & filed under Environment, Social Responsibility, Video Report.

Description: A recent report by IHS global finds that total greenhouse emissions from oilsands have increased by 21% since 2008, although the emissions per barrel have come down. Also, emissions from oilsands are at least 12% higher than emissions from the average crude oil processed in the U.S. Source: CBC Date: November 13 2013 Video… Read more »

Public cost of low wages

Posted by & filed under Compensation & Benefits, Social Responsibility, Video Report.

Description: Sylvia Allegretto, Labour Economist at University of California, Berkley, discusses the high public costs of paying low wage to fast food employees: it costs U.S. public $7 billion dollars to compensate these employees. More than half of fast food employees are enrolled in U.S. public programs. Source: CBC Date: Oct 18 2013 Video link:… Read more »

Female representation on corporate boards

Posted by & filed under Change, Diversity, Human Resource Management, Leadership, Social Responsibility, Video Report.

Description: Maureen Jensen, executive director of Ontario Security Commission (OSC) , discusses new provisions to increase female representation on corporate boards. Presently, corporate boards across Canada include only 14% females. The OSC is bringing in measures to increase gender diversity. Source: CBC Date: July 30 2013 Video Link: http://www.cbc.ca/player/News/Business/ID/2398849816/?page=2 Questions for Discussion: What are some of… Read more »

Small businesses upset with credit card ruling

Posted by & filed under Entrepreneurship, Social Responsibility, Video Report.

Description: Canada’s competition tribunal rules that the fess which Visa and MasterCard charge retailers will remain and retailers do not have a choice to pick which cards they take. Source: CBC Date: July 23 2013 Video Link:  http://www.cbc.ca/player/News/Business/ID/2397869057/?page=2 Questions for Discussion: Should Visa and MasterCard be allowed to charge fees from retailers? Should retailers have… Read more »

Detroit files for bankruptcy

Posted by & filed under Environment, Management, Social Responsibility.

Description: Detroit, once famous for housing one of the largest industrial clusters in the world, became the biggest U.S. city to file for bankruptcy. The filing could mean that municipal employees will be laid off, assets will be sold off and basic services will be scaled back. Source: Financial Post Date: July 18 2013 Link:… Read more »

Major North American Retailers Refuse to Sign Bangladesh Safety Accord

Posted by & filed under Ethics, Global Management, Social Responsibility.

Description: In the wake of the recent tragedy at a factory in Bangladesh that killed more than 1000 workers, a new Bangladesh safety accord was set-up. While a large number of European retailers signed the accord, several large North American retailers, such as Wal-Mart and Gap Inc., abstained from signing the accord. Source: The Huffington… Read more »

Canadian CEOs among top bank earners

Posted by & filed under Compensation & Benefits, Ethics, Social Responsibility, Video Report.

Description: The top earning banker earns nearly $26 million. CEOs of several Canadian banks are ranked among the top bank earners in North America with salaries ranging between $7 million to $15 million. Source: CBC Date: May 29 2013 Video link: http://www.cbc.ca/player/News/Business/ID/2388467779/ Questions for Discussion: Do you agree that no one except shareholders have a… Read more »

Barrick Gold Corp’s continuing problems with their Chile project

Posted by & filed under Conflict, Environment, Ethics, Global Management, Operations Management, Social Responsibility, Strategy.

Description: Chile files serious violations against Toronto-based Barrick Gold Corporation (world’s largest gold miner) dealing a blow to their Pascua-Lama mine project. The Pascua-Lama mine is believed to house nearly 18 million ounces of gold reserves. Source: The Globe and Mail Date: May 24 2013 Text link:  http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/chile-freezes-barricks-pascua-lama-orders-urgent-measures/article12129034/ Questions for Discussion: What are some of… Read more »