All articles tagged with #business ethics
Originally Published 4 months ago — by Financial Times
Some Korean companies have admitted to cutting corners on US visa processes due to limited options, highlighting challenges in international business practices and immigration procedures.
Originally Published 1 year ago — by Business Insider
A viral trend on TikTok has brought attention to the cold and heartless nature of many companies' termination processes, highlighting the need for more compassionate and respectful approaches to layoffs. While layoffs may sometimes be necessary, companies should exhaust all other cost-cutting measures before resorting to job cuts. If layoffs are unavoidable, employers should handle them with empathy, transparency, and support for the affected employees, as demonstrated by positive examples from companies like Stripe and Nokia. Treating employees with dignity during layoffs not only benefits the individuals involved but also contributes to maintaining employee engagement and overall business success.
Originally Published 1 year ago — by Reuters
Reuters staff has been awarded the George Polk Award for their investigative reporting on Elon Musk's business empire, including SpaceX, Tesla, and Neuralink. The coverage revealed worker injuries and mistreatment of animals at Musk's companies, as well as dangerous defects in Tesla cars and invasion of drivers' privacy. The reports led to investigations, calls for action from lawmakers, and class-action lawsuits, with federal prosecutors launching a probe into Tesla's driving-range estimates.
Originally Published 1 year ago — by CNN
Donald Trump's devastating loss in a New York fraud case offers a character study of his behavior, beliefs, and worldview, revealing his refusal to abide by rules, conjure new realities, always fight, and see justice as persecution. The trial left Trump facing a half-billion-dollar hole in his finances and imposed severe financial and personal strain, potentially threatening his political brand and self-identity. The legal defeat suggests that the shield of impunity that has allowed his rampaging political and business career is fraying, and his strategy of portraying himself as a victim of persecution may not hold up in court.
Originally Published 1 year ago — by Raw Story
The attorney for Eric and Donald Trump Jr. expressed outrage at the New York Attorney General's attempt to compare their case to that of Martin Shkreli, citing it as a reckless use of power in her pursuit to ban the Trump sons from the real estate business for five years. The attorney accused the Attorney General of interfering in free markets for political gain, placing every New York business transaction at risk.
Originally Published 2 years ago — by The Associated Press
Bernie Moreno, a Trump-backed candidate for Ohio’s U.S. Senate seat, faced multiple discrimination lawsuits against his business, including allegations of gender, age, and race discrimination. The lawsuits were settled out of court, and terms were kept private. Moreno's endorsements include former President Donald Trump, U.S. Rep. Jim Jordan, and former Ohio Secretary of State Ken Blackwell. The winner of the GOP primary will face Democratic U.S. Sen. Sherrod Brown. Moreno's campaign spokesman emphasized his commitment to equal opportunities for all workers, while a business law professor noted that multiple lawsuits don't necessarily indicate systemic issues. In response to the AP's reporting, the Moreno campaign produced an open letter signed by former female employees vouching for his fair and respectful treatment.
Originally Published 2 years ago — by The Guardian
Starbucks is being sued by a US consumer group for allegedly misleading the public about labor and human rights violations in the making of its products, despite its commitment to "100% ethical" sourcing. The lawsuit claims that the coffee giant has procured materials from farms and cooperatives involved in various violations against workers, including instances of slavery, child labor, and sexual abuse. Starbucks has strongly denied the allegations, stating that its sourcing practices are "best in class."
Originally Published 2 years ago — by The Washington Post
Starbucks is being sued by a U.S. consumer advocacy group for allegedly misleading customers with claims of "100% ethical" sourcing for its coffee and tea products, despite procuring from farms and cooperatives with documented human rights and labor abuses. The company plans to defend itself against the allegations, citing its ethical sourcing program as "best-in-class." This lawsuit is part of a growing trend of scrutiny over potentially misleading claims on food packaging, and follows previous legal action against Starbucks for similar issues.
Originally Published 2 years ago — by NBC News
A consumer advocacy group is suing Starbucks for allegedly misleading the public by marketing its coffee and tea products as "100% ethical" while knowingly sourcing from farms with documented human rights and labor abuses in Guatemala, Kenya, and Brazil. The lawsuit aims to prevent Starbucks from making such claims unless it improves labor practices within its supply chain. While Starbucks uses third-party certification programs to oversee its coffee sourcing, experts argue that these mechanisms are flawed and not effectively addressing issues like forced labor and child labor.
Originally Published 2 years ago — by Fox Business
Stuart Varney of "Varney & Co." reacts to accusations of illegal drug use against Elon Musk, expressing concern over the potential impact on Musk's leadership of six corporations with trillions in assets, including government contracts with SpaceX. Varney questions the board of directors' fiduciary responsibility to shareholders and suggests that while Musk's clout as an innovator may currently shield him, any destructive consequences of his alleged drug use could quickly change the situation.
Originally Published 2 years ago — by Axios
Several business leaders faced backlash after their attempts at encouragement were received by employees as vitriolic and tone-deaf. The challenging economic times have presented an opportunity for CEOs to unite and motivate their employee base, but many are cracking under the pressure. In recent years, business leaders have touted employees as their greatest asset and most critical audience, but their communications say otherwise. Employees are disengaging or quitting en-masse, which can directly impact a company's bottom line.