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Wednesday, October 24, 2012

Wal-Mart

Wal-Mart denied that this was business policy, and instead maintained that person managers have been producing these decisions with out corporate knowledge and were subject to discipline (Pepitone, 2008).

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Disney's Robert Iger received compensation totaling $51.1 million in fiscal 2008, including $2 million in salary, a performance related bonus of $13.9 million, stock options, and miscellaneous compensation of $773,090 that included use with the corporate jet, security services, and also a health club membership. Stock alternatives had been also a part of Iger's compensation package, but because the alternatives have been issued at more than $29 per share as well as the stock was trading at $21 per share at the time from the company's annual meeting, these have much less value than said from the compensation disclosure (Nakashima, 2009).

Disney's sales force consists largely of hourly workers at theme parks. Its contingent workers are seasonal workers who perform in parades and operate attractions at the theme parks. Thos who jobs more than 30 hours per week have traditionally been eligible for health insurance as well as other employee benefits, but the business considered changing that policy in late 2008.

The Fair Labor Standards Act (FLSA) sets the federal minimum wage, record keeping requirements, overtime pay, along with other standards with regards to all nonexempt (hourly) employees. Numerous states and some localities have their unique minimum wage standards; the higher wage is what needs to be paid after nation and federal minimum wages differ ("Compliance Assistance," 2009). Wal-Mart ran afoul of the FLSA after it had employees jobs "off the clock" and once it failed to give required breaks to employees.

 

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