Fall 2012 jim love adms 1010 22 eatons responds 1934

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Unformatted text preview: nce prac=ces that destroyed the small retailer and made for subsistence wages for factory workers •  “Rarely had the gap between have and have- nots been more no=ceable.” Fall 2012 Jim Love ADMS 1010 19 In the US •  One thousand separate bills imposing penal=es on chain stores were introduced in state legislatures between 1925 and 1948 •  Robinson- Patman Act (the “An=- Chain Store Act”) of 1936 – forbids “any person or firm engaged in interstate commerce to discriminate in price to different purchasers of the same commodity when the effect would be to lessen compe88on or to create a monopoly” Fall 2012 Jim Love ADMS 1010 20 Economy Lab Income inequality rising quickly in Canada Tavia Grant Globe and Mail Blog Posted on Tuesday, September 13, 2011 10:21AM EDT That’s the conclusion of a Conference Board of Canada study Tuesday, which says income inequality has been rising more rapidly in Canada than in the U.S. since the mid-1990s. Of total world income, 42 per cent goes to those who make up the richest 10 per cent of the world’s population, while 1 per cent goes to those who comprise the poorest 10 per cent, it says. Fall 2012 Jim Love ADMS 1010 21 At this rate of reward, “by about 2:30 on Jan. 3, the average of the 100 best-paid public company CEOs in Canada already pocketed what it would take a Canadian working full-time, all year to earn,” said the study’s author and CCPA research associate Hugh Mackenzie. Fall 2012 Jim Love ADMS 1010 22 Eaton’s Responds 1934 •  R.Y. Eaton Press Release : The retail buyers, when purchasing goods in great quan77es, some7mes ask manufacturers to quote on the basis of quan777es, much in the same way that Governmental purchasers as for tenders on supply. This is considered to be the most equitable way of doing business. Fall 2012 Jim Love ADMS 1010 23 Las=ng Impact “R. Y. Eaton .. viewed the inquiry as a warning that profits must be considered “sinful” and felt that ‘never again must there be the flimsiest excuse for an inves=ga=on.’ “Even more than 20 years aoer the inquiry, the company’s senior management was cri=cal o...
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