June 3, 2008
Terminating Employees - Lehman mulls capital raising as one option (Reuters)
Reuters - Lehman Brothers Holdings Inc has no need to raise capital and would only do so if the right market opportunity presented itself or if the firm thought it would help investor perceptions, a source familiar with the situation said on Tuesday.
Ex-NYSE chief's pay battle goes back to court (Reuters)
Reuters - The future of the long-running legal battle over former New York Stock Exchange chairman Richard Grasso's $187.5 million compensation package will be weighed by the state's highest court on Tuesday.
2) You have discussed your circumstance with your attorney-at-law and have gotten his opinion. For example, if an employee punches you in the face, you might assume this is a clear case of gross misbehavior. In many ways, you want to treat this like a dismissal with a severance agreement and a release of claims. ANSWER TO PART A: "Yes." You have a legal action coming for several reasons: 1) You're sacking the 2 workers because they're women and this is wrongful. I know this may go against your principles, but it's a reasonable firm decision when the troublemaker is costing the company lost time, lower morale, lost productivity, regulatory fines and legal hassles.
If you're a small company owner, dimissing a high level worker may also be emotionally challenging because you have probably formed a close relationship with that person. And, he never has to explain why you fired him. As a result, you won't have just one problem employee - you'll have an entire business filled with them. Therefore job termination for alcohol abuse is discrimination, and you will find yourself at the losing end of a court case if you're not careful. Another point that may assist you is paperwork showing any extra training or counseling needed to upgrade their job productivity. Exploring the Connection Between Disobedience and Firing. * How can we move this employee out without harming other workforce' group spirit and efficiency? After you have finished the lay off, gather the remaining employees for a meeting. And you risk having the business shut down for good or dealing with the guilt (and perhaps legal effects) of making your customers ill. If the situation does not resolve itself, termination is sometimes the only solution.