According to a recent report by Global Financial Integrity (GFI), a Washington-based group committed to exposing financial corruption, developing countries lost almost $1 trillion to crime, corruption and tax evasion in 2011. Between 2002 and 2011, developing countries lost a total of approximately $5.9 trillion, according to GFI.
A trade secret is any compilation of information that gives a business the opportunity to obtain an advantage over competitors who do not know the secret. You cannot protect a trade secret by registering it with a government agency as if it were a patent. Rather, organizations can keep trade secrets out of the hands of competitors only by — well, by keeping them secret.
Over the course of 19 days, beginning on the day before Thanksgiving, hackers obtained personally identifiable information, including credit card numbers and security codes, from 40 million shoppers at some 1,800 Target stores in the United States. It was one of the largest, speediest and most sophisticated retail-data thefts ever.
After deliberating for just a single day on December 18, a federal jury found Michael Steinberg, a former SAC Capital portfolio manager, guilty on one count of conspiracy and four counts of insider trading. This case marked another win for the U.S. attorney’s office in Manhattan, which has secured 77 convictions since 2009 without losing a single trial.
Employers who implement English-only rules often find themselves facing charges of national origin discrimination in violation of Title VII of the Civil Rights Act. English-only rules are discriminatory because they tend to allow American-born but often not foreign-born employees to communicate in their language of origin.
Five employees of Archie Comic Publications Inc. recently filed a sex discrimination lawsuit under Title VII of the Civil Rights Act against the company's co-CEO. The suit is unusual, among other reasons, because each of the plaintiffs is a white male, and the defendant is a woman.
Many employers see domestic violence as a private employee matter in which they should not meddle. In some circumstances, however, they have no choice but to address its ramifications for the workplace.
Business courtesies are an important way to cement good working relationships between those who do business together. Inappropriate gifts can have negative consequences for your organization and business partner relationships. Ensure that your employees follow smarter gift giving and receiving practices.
After Denise Royal complained that maintenance workers would come and "sniff over her all of the time," CCC&R Tres Arboles L.L.C. fired her from her job as an apartment complex leasing manager.
A federal court ordered Starwood Hotels & Resorts Worldwide to pay $25,000 to a former housekeeper fired for wearing her hair in cornrows. The court found that a Starwood hotel in Pennsylvania fired Carmelita Vazquez — who is black and Hispanic — under circumstances suggesting prohibited racial discrimination in violation of Title VII of the Civil Rights Act.