Week 4: Journal, Annual Report, Abstract
Journals
Go to the back page of the journal writings
There should be a list:
Wk 2 - points
Wk 3 - points
Wk 4 – points
Then a total of your points/15 possible points
If you missed something there should be a 0 – then a statement about what was missed from the three weeks.
Any questions – come and see me.
Wal-Mart’s 2005 Annual Report
What did you note that was interesting in looking through the annual report & proxy?
You all did a great job at commenting about what you thought.
Legal Issues – p. 45 Annual Report
“…number of legal proceedings, which include consumer, employment, tort and other litigation.”
Class Action Lawsuits –
1. FLSA – Fair Labor Standards Act
Working off the clock, fail to provide work breaks
2. Putative (meaning commonly accepted or supposed - Webster’s 9th Edition) class action about bonus plans & payment
3. Exempt status of employees
4. Dukes v. Wal-Mart Stores – class action – past & present female employees – has 1.6 million in the class
5. COLI – Corporate-Owned Life Insurance – Wal-Mart took out insurance on employees – and the plaintiffs are saying that the company didn’t have an “insurable interest” – suing under unjust enrichment & constructive trust – settlement signed – not material impact
6. Mauldin w. Wal-Mart – class action – female participants in Health & Welfare Plan – using prescription contraceptives – Health Plan maybe violating Title VII gender discrimination – didn’t cover prescription contraceptives.
7. EEOC v. Wal-Mart – females applying for warehouse jobs in Kentucky
Shareholder Proposals – starting on p. 31 of Proxy Statement
Shareholder/Proposal/Topic
4. Sheet Metal Workers’ National Pension Fund/Executive Compensation/Shareholders should vote
5. General Board of Pension & Health Benefits of the United Methodist Church/Sustainability Report/about protecting human rights, worker rights, land and the environment
6. NorthStar Asset Management, Inc. /Equity Compensation /Report on equity compensation by race & gender for stock options and restricted stock awards
7. International Brotherhood of Teamsters/Political Contributions/Political contributions made with corporate funds
8. Sisters of Charity of Saint Elizabeth/EEO Report
Eees by sex & race/ affirmative action/ Glass Ceiling information
9. United Brotherhood of Carpenters & Joiners/Director Election Majority Vote/Directors elected by majority of votes cast annually
10. Amalgamated Bank, Long View Investment Fund/Board Independence/Independent directors for 2/3 of the Board
11. AFL-CIO Reserve Fund/Performance- vesting shares/Future stock to executives require achievement of performance goals
Student Scholarship and Creative Achievement Conference
Wednesday 4/12 - the day you will give your presentations
Website - http://www.bemidjistate.edu/scholar/
Note instructions – 2/24 is the deadline for abstract proposals.
You will need to submit both an electronic proposal form & a hard copy – to Louise & me – then we send them to the Chair & Dean – all by Friday 2/24.
So –
1. First – it is just an abstract – not your whole paper
See previous SS&CA Conference booklets for samples of abstracts
2. For next week – 2/15 – write-up & make a copy of your abstract – BRING THE ABSTRACT TO CLASS
3. The following week – 2/22 – expectation that you have submitted the approved abstract – and bring a copy of the proposal to class so we can sign off and submit them to the Dean – so we all meet the deadline of 2/24
Go to the back page of the journal writings
There should be a list:
Wk 2 - points
Wk 3 - points
Wk 4 – points
Then a total of your points/15 possible points
If you missed something there should be a 0 – then a statement about what was missed from the three weeks.
Any questions – come and see me.
Wal-Mart’s 2005 Annual Report
What did you note that was interesting in looking through the annual report & proxy?
You all did a great job at commenting about what you thought.
Legal Issues – p. 45 Annual Report
“…number of legal proceedings, which include consumer, employment, tort and other litigation.”
Class Action Lawsuits –
1. FLSA – Fair Labor Standards Act
Working off the clock, fail to provide work breaks
2. Putative (meaning commonly accepted or supposed - Webster’s 9th Edition) class action about bonus plans & payment
3. Exempt status of employees
4. Dukes v. Wal-Mart Stores – class action – past & present female employees – has 1.6 million in the class
5. COLI – Corporate-Owned Life Insurance – Wal-Mart took out insurance on employees – and the plaintiffs are saying that the company didn’t have an “insurable interest” – suing under unjust enrichment & constructive trust – settlement signed – not material impact
6. Mauldin w. Wal-Mart – class action – female participants in Health & Welfare Plan – using prescription contraceptives – Health Plan maybe violating Title VII gender discrimination – didn’t cover prescription contraceptives.
7. EEOC v. Wal-Mart – females applying for warehouse jobs in Kentucky
Shareholder Proposals – starting on p. 31 of Proxy Statement
Shareholder/Proposal/Topic
4. Sheet Metal Workers’ National Pension Fund/Executive Compensation/Shareholders should vote
5. General Board of Pension & Health Benefits of the United Methodist Church/Sustainability Report/about protecting human rights, worker rights, land and the environment
6. NorthStar Asset Management, Inc. /Equity Compensation /Report on equity compensation by race & gender for stock options and restricted stock awards
7. International Brotherhood of Teamsters/Political Contributions/Political contributions made with corporate funds
8. Sisters of Charity of Saint Elizabeth/EEO Report
Eees by sex & race/ affirmative action/ Glass Ceiling information
9. United Brotherhood of Carpenters & Joiners/Director Election Majority Vote/Directors elected by majority of votes cast annually
10. Amalgamated Bank, Long View Investment Fund/Board Independence/Independent directors for 2/3 of the Board
11. AFL-CIO Reserve Fund/Performance- vesting shares/Future stock to executives require achievement of performance goals
Student Scholarship and Creative Achievement Conference
Wednesday 4/12 - the day you will give your presentations
Website - http://www.bemidjistate.edu/scholar/
Note instructions – 2/24 is the deadline for abstract proposals.
You will need to submit both an electronic proposal form & a hard copy – to Louise & me – then we send them to the Chair & Dean – all by Friday 2/24.
So –
1. First – it is just an abstract – not your whole paper
See previous SS&CA Conference booklets for samples of abstracts
2. For next week – 2/15 – write-up & make a copy of your abstract – BRING THE ABSTRACT TO CLASS
3. The following week – 2/22 – expectation that you have submitted the approved abstract – and bring a copy of the proposal to class so we can sign off and submit them to the Dean – so we all meet the deadline of 2/24
posted by Louise Mengelkoch at
7:22 AM
