Lecture 13

Lecture 13 - 1. Looking ahead 2. Exercise 3. The manager...

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1. Looking ahead 2. Exercise 3. The manager and M&A 4. Forms of doing business What is it like to be a manager? Will there be jobs Conflict of Board of Directors Position of acquiring We have a system called “At will” employment; either party can walk away from a party for any reason whatsoever. We downsize in the US, with very few problems and trepidation. If you have a contract, and it was broken, and you were fired, you can sue for damages. You need to mitigate (find a new job), if the money is less, you get the difference from the court. • Employment lawyers will tell you to get a severance package (not limited by responsibility to mitigate) Compensations timing: the law is pro-employer So you might get that bonus. Violation of an employer’s obligation of good faith. If you are a salesperson and there is a clear idea of what you need to do to get compensated, you will win in court, if your boss calls you after a time t before compensation. 1.
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This note was uploaded on 04/04/2012 for the course FIN 400 taught by Professor Kedia during the Spring '12 term at Rutgers.

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Lecture 13 - 1. Looking ahead 2. Exercise 3. The manager...

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