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Legislative, Regulatory & Legal

  • Hispanic hate costs Sam’s Club $440,000

    The Equal Opportunity Employment Commission announced that Sam’s Club would pay a $440,000 fine to settle a harassment lawsuit involving Hispanics at a club in Fresno, Calif.

  • Sam’s Club to pay $440,000 to settle harassment lawsuit

    Washington, D.C. -- The U.S. Equal Employment Opportunity Commission disclosed Thursday that the Sam’s Club warehouse division of Wal-Mart Stores will pay $440,000 and other relief to settle a harassment lawsuit filed by the EEOC.
     
    The agency disclosed the settlement in a statement on its website.

  • Lease accounting changes will impact retail and restaurant industries

    By Dwayne Shackelford, [email protected]

    Proposed new lease accounting rule changes will have a significant impact on many retail and restaurant companies. The good news is that rent will no longer appear on the income statement; the bad news is that it will be replaced by amortization and interest charges, which will generally be larger in the first years of a lease and lower in the latter years.

  • Update on New Standards

  • Gap CEO pay package up 18% in 2010

    New York City -- A report by the Associated Press revealed that Gap CEO Glenn Murphy received compensation worth nearly $6 million in 2010, an 18% increase from the year before.

    Most of the increase came from a one-time bonus and stock awards. Murphy didn't receive any stock awards the year before.
     

  • Conference Board Survey: CEOs say business growth critical challenge

    New York City -- A report released Tuesday by The Conference Board found that the top concern facing CEOs across the globe is business growth.

    The Conference Board CEO Challenge 2011 polled more than 700 CEOs, presidents and chairmen from across geographies and industries regarding the most pressing issues they face in today’s business environment.

  • Limited Brands’ CEO pay package nearly doubles

    New York City -- Lexlie Wexner, 73, the CEO and founder of Limited Brands, received a 2010 pay package nearly double the year before, according to an analysis by The Associated Press. The increase came as business improved for the parent of Victoria's Secret and Bath and Body Works.

    Wexner's total compensation totaled $20.1 million, up from $10.4 million in 2009, because of a hefty increase in stock and option awards and a higher performance-based bonus.

  • Avoiding unique employment law challenges posed by the Generation Y work force

    By Lonnie Giamela, [email protected]

    Generation Y workers, defined as those individuals born between 1977 and 1995, are becoming an increasing part of our workforce.  These individuals occupy a wide variety of positions from cashiers at a retail store, to warehouse employees at a distribution center, to administrative employees at a corporate office.

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