Work, Economy and Organizations Commons^™

Corporate Power In The Public Eye: Reassessing The Implications Of Berle’S Public Consensus Theory, Marc T. Moore, Antoine Rebérioux

Seattle University Law Review

We analyze Berle’s overall corporate governance project in accordance with what we see as its four core sub-themes: (A) the limitations of external market forces as a constraint on managerial decision-making power; (B) the desirability of internal (corporate) over external (market) actors in allocating corporate capital; (C) civil society and the public consensus as a continuous informal check on managerial decision-making power; and (D) shareholder democracy (as opposed to shareholder primacy or shareholder wealth maximization) as a socially instrumental institution. We seek to debunk the popular misconception that Berle’s early work was a defense of the orthodox shareholder primacy paradigm …

Tracking Berle’S Footsteps: The Trail Of The Modern Corporation’S Last Chapter, William W. Bratton, Michael L. Wachter

Seattle University Law Review

Readers game enough to work through all three hundred pages of The Modern Corporation and Private Property looking for insights on corporate law today encounter two, apparently contradictory, lines of thought. One line, set out in Books II and III, resonates comfortably with today’s shareholder-centered corporate legal theory. Here the book teaches that even as ownership and control have separated, managers should function as trustees for the shareholders and so should exercise their wide-ranging powers for the shareholders’ benefit. The other line of thought emerges in Books I and IV, where The Modern Corporation encases this shareholder trust model in …

Rethinking The Separation Of Ownership From Management In American History, Kenneth Lipartito, Yumiko Morii

Seattle University Law Review

In <em>The Modern Corporation and Private Property</em>, Adolf Berle and Gardiner Means would use AT&T as a prime example of what they saw as a dangerous new trend, the replacement of ownership-based capitalism with giant corporations controlled by a small group of propertyless managers. Indeed, AT&T became Berle and Means’ favorite example. . . . As we shall see, however, the claim that AT&T was a leading example of the separation of ownership from management is incomplete. More importantly, the common interpretation of Berle and Means’ work is mistaken, placing the emphasis incorrectly on the number of shareholders and reading …

Berle’S Vision Beyond Shareholder Interests: Why Investment Bankers Should Have (Some) Personal Liability, Claire Hill, Richard Painter

Seattle University Law Review

This essay, published in a symposium on the work of Adolf Berle, approaches the Berle-Dodd debate from the perspective that corporate managers have responsibilities beyond pursuing the interests of shareholders. Stock based executive compensation, designed to align managers’ interests with those of shareholders, has, in the investment banking industry in particular, failed to avert, and may have caused, managers (in this case, bankers) to take excessive risks that in the present financial crisis inflicted great damage on creditors and on society as a whole. We describe here the broad outlines of a proposal that we will discuss in future publications …

Enumerating Old Themes? Berle’S Concept Of Ownership And The Historical Development Of English Company Law In Context, Lorraine E. Talbot

Seattle University Law Review

This paper offers some tentative suggestions as to why Berle’s work has been read and interpreted so selectively in the United Kingdom. I suggest that this must be partly attributable to the historical developments in English company law that entrenched the notion of shareholder ownership claims. Specifically, unincorporated associations’ normative values—that members are owners and there is no distinction between small organizations with no share dispersal and large organizations with wide share dispersal—have a continuing influence on this entrenched notion of shareholder ownership claims. First, I provide an overview of the origins of English company law. Next, I address how …

Mountain Monitor-3rd Quarter 2009, Brookings Mountain West

Mountain Monitor Quarterly

Nationwide, the recession is technically over. Or at least that is the view of most economists. They note that real U.S. gross domestic product (GDP) finally expanded in the third quarter of 2009, growing at a 2.8 percent annual rate after four consecutive quarters of contraction. They point to a significant slowing of job losses in November, rising housing prices, and a slight downtick in unemployment as other positive signs. Their conclusion: Economic recovery is at last underway. And yet, the pace of renewal seems tentative and its geography patchy. Most notably, the aggregate national story of recovery and expansion …

Conflicting Loyalties: Changing Roles And Relations Of Labor Unions In Vietnam, Jan Slezak

Independent Study Project (ISP) Collection

As labor unions in Vietnam become further divided from the political ideologies they arose from, it is important to examine how workers can become accurately represented in a system of changing markets, government and an economic movement towards the free-market system. As the role of the labor union changes and attempts to adapt into contemporary times, this study discusses and analyzes the opinions and actions of Vietnam’s citizens; from the worker’s most affected by the oncoming changes to those who take part it crafting and enforcing legislation on the issue. This study arrives at its answer by combining interviews, social …

The Impact Of Terrorism On Business, Michael D. Larobina, Richard L. Pate

WCBT Faculty Publications

Terrorism has in one form or another been a part of society throughout history. Since the September 11, 2001 attacks in New York, the world community has been more focused on terrorism than ever before in most recent modern history. Terrorism has impacted multiple levels of society across the world community. One of those levels is the business environment. A specific aim of terrorism is to disrupt and destroy ongoing businesses. Therefore, the ability of governments to disrupt and destroy terrorism is essential to the continued growth and expansion of the world economy. Terrorism will directly impact a country's ability …

Where Do Latinos Work? Occupational Structure And Mobility Within New York City’S Latino Population, 1990 - 2006, Laura Limonic

Center for Latin American, Caribbean, and Latino Studies

Introduction: This report examines the difference in occupational changes across racial and ethnic groups in New York City as well as across Latino origin groups from 1990 to 2006.

Methods: Data on Latinos and other racial/ethnic groups were obtained from the U.S. Census Bureau American Community Survey, reorganized for public use by the Minnesota Population Center, University of Minnesota, IPUMSusa. Cases in the dataset were weighted and analyzed to produce population estimates. All figures pertain to individuals 16 years of age or older.

Results: While there has been an overall increase in employment gains in the management sector, which includes …

Chinese Loyalty To Supervisor Questionnaire Development, Ding-Yu Jiang, Bor-Shuian Cheng, Chi-Ying Cheng, Li-Fang Chou

Research Collection School of Social Sciences

Loyalty to supervisor is a prevalent but under-investigated phenomenon in Chinese organizations. One plausible reason for this is the lack of a reliable and valid measure of loyalty in the Chinese context. This study aims to develop a valid measure of Chinese loyalty to supervisor. In Study 1, we identify a four-dimension construct of loyalty to supervisor that consists of 11 sub-dimensions (factors) on the basis of loyalty literature. The four dimensions are: identification with supervisor, task assistance, obedience, and sacrifice for supervisor. In Study 2, a 40-item Chinese loyalty to supervisor scale was developed and examined by three independent …

Child Labour And Microfinance In Morocco: Using Microfinance To Reduce Child Labour And The Case Of The Al Amana Microfinance Institution, Kristyn Schomp

Independent Study Project (ISP) Collection

Approximately 218 million children are child laborers worldwide. These children work as agricultural workers, prostitutes, handicraft producers, and in virtually in every other form of employment imaginable. But although the problem of child labour has been one of recent international focus, there are still 126 million children involved in some form of hazardous work each year.

The existence of such statistics can be attributed in part to the complex and multi-faceted nature of child labour. Similarly, the reasons for child labour can range from economic and political instability, migration, lack of work, and/or poor school systems. Therefore, the reduction of …

Connected Lives And Embeddedness: Reading Zelizer With Granovetter – A Review And Critique, Deirdre Caputo-Levine, Alwyn Lim, Celine. Wills

Research Collection School of Social Sciences

Our concern is to read Viviana Zelizer’s Purchase of Intimacy inrelation to Mark Granovetter’s embeddedness framework. We compare Zelizer’s connected-lives approach to the embeddedness literature in orderto tease out the similarities, differences, and improvements in the wayseconomic sociologists examine the intertwining of economic and socialbehavior. We argue that although Zelizer and Granovetter both focus onthis intermeshing of socioeconomic action, their perspectives reflect theirdiffering starting points: economic transactions or intimate relationships.We believe Zelizer’s connected-lives approach gives fresh insight to thenew economic sociology but we have some reservations regarding hertreatment of reciprocity and power in intimate relationships.

The Institutional Entrepreneur As Modern Prince: The Strategic Face Of Power In Contested Fields, David Levy, Maureen A. Scully

Management and Marketing Faculty Publication Series

This paper develops a theoretical framework that situates institutional entrepreneurship by drawing from Gramsci’s concept of hegemony to understand the contingent stabilization of organizational fields, and by employing his discussion of the Modern Prince as the collective agent who organizes and strategizes counter-hegemonic challenges. Our framework makes three contributions. First, we characterize the interlaced material, discursive, and organizational dimensions of field structure. Second, we argue that strategy must be examined more rigorously as the mode of action by which institutional entrepreneurs engage with field structures. Third, we argue that institutional entrepreneurship, in challenging the position of incumbent actors and stable …

Factors Affecting Income Among Men And Women Psychologists, John Christian

All-Inclusive List of Electronic Theses and Dissertations

Income differences between men and women psychologists in independent practice have long been noted. Some have suggested that the differences result from the traditional gender roles in household responsibilities and/or gender differences in career decisions have resulted in men and women pursuing different career paths and making different practice decisions that lead to differing incomes. Others explanations regarding income differences suggest that men work more, charge more, and adapt more efficient practice models that reduce overhead. However, no studies have investigated these hypotheses in relation to the practice patterns of independent practitioners. The current study investigated several hypotheses about factors …

Labor Struggles, New Social Movements, And America's Favorite Pastime: New York Workers Take On New Era Cap Company, Victoria Carty

Sociology Faculty Articles and Research

Contemporary economic globalization, which is driven and regulated primarily by multinational corporations, has a direct impact on workers' lives. Trade agreements such as the North American Free Trade Agreement (NAFTA) tend to be controlled by corporate interests in the wealthy, industrialized nations. Those countries set the agenda to protect the interests of foreign investors and facilitate the mobility of capital, but they do little to protect the interests of labor. In response, workers in both the global North and South have been forced to rely on their own individual efforts to protect themselves against unfair labor practices. This article presents …

Gap Analysis Of The Current Financial Services Network In Calhoun County, George A. Erickcek, Bridget Timmeney, Brad R. Watts

Reports

No abstract provided.

Organizing In The Garment Industry In Mexico: Implications For New Social Movement Theory, Victoria Carty

Sociology Faculty Articles and Research

This paper examines attempts to improve workers' rights in the Maquila Industry in Mexico by using two case studies. It analyzes the struggles that recently occurred at the Kukdong and Duro plants. The underlying question of the research is how to balance the co-existence of market economies with effective means to ensure adequate conditions for workers, and most importantly, ensuring their right to freedom of association. Under recent forms of global economic restructuring, the state is often unwilling or unable to uphold workers' rights. To combat the present form of corporate-driven global capitalism, workers in the South, in solidarity with …

Globalization, Unemployment, And Excess Capacity : A Model And A Conjecture, Lok Sang Ho

Centre for Public Policy Studies : CPPS Working Paper Series

Using a theoretical model with an industrial world trading with a developing world and assuming no impediment to capital flows, it is shown that an abundant supply of unskilled labor will render real wages for the unskilled close to the subsistence level and will result in excess capacity. The rate of return for traditional manufacturing investment at the margin will decline so funds will seek to invest in financial assets and real property, boosting their prices. Under reasonable assumptions about the income elasticity and the price elasticity of demand for manufacturing products in rich and poor countries, it is shown …

Transnational Labor Mobilizing In Two Mexican Maquiladoras: The Struggle For Democratic Globalization, Victoria Carty

Sociology Faculty Articles and Research

The struggle to improve workers' rights in Mexican maquiladoras and export processing zones elsewhere in the world is central to the politics of global economic integration. State-centered development is increasingly compromised by supranational institutions and trade agreements. Meanwhile, multinational corporations are relocating at an unprecedented rate to overseas locations. Export processing zones are notorious for poor working conditions and result in a "race to the bottom." The maquila sector in Mexico is a prime example of this phenomenon. This article uses two case studies to examine ways in which grassroots organizing has successfully resisted low wages and poor working conditions …

Exploring Children’S Rights In The World Of Work, Jean N. Scandlyn

Human Rights & Human Welfare

A review of:

Children of Other Worlds: Exploitation in the Global Market by Jeremy Seabrook. London: Pluto, 2001. 166pp.

Social Security's Earnings Test Penalty And The Employment Rates Of Elderly Men Aged 65 To 69, Stephen Rubb

WCBT Faculty Publications

Social Security provides retirement income to eligible elderly individuals who reach age 62 and apply for benefits. Beyond this age, some recipients continue to work on a full- or part-time basis. The Social Security Administration reduces the annual level of benefits for those recipients who have earnings above a specified amount known as the earnings test threshold. Effective in 1990, the earnings test penalty for a person aged 65 to 69 was reduced from 50 cents to 33 cents for every dollar earned in excess of the annually adjusted threshold. The labor supply response to the 1990 reduction in the …

Emancipating The Slaves To Neoclassical Economics, Karl Schoenberger

Human Rights & Human Welfare

This short article responds in part to George DeMartino's Enslaved to Fashion: Corporations, Consumers, and the Campaign for Worker Rights in the Global Economy (HRHW, Volume 1, Issue 2), which reviewed Schoenberger's Levi's Children: Coming to Terms with Human Rights in Global Marketplace.

This article originally appeared in the SAIS Review 22:1 (2002): 81-85, © The Johns Hopkins University Press. Reproduced with permission of The Johns Hopkins University Press.

New Social Movements And The Struggle For Worker’S Rights In The Maquila Industry, Victoria Carty

Sociology Faculty Articles and Research

"Campaigns to improve worker’s rights in export processing zones (EPZs), also referred to the maquila industry in Latin America, is an important topic analytically and politically. On theoretical and practical levels, the co-existence of market economies with effective means to ensure adequate working conditions for workers is a critical question. Underlying the issue is a vigorous debate regarding how the global economy should be governed; who or what should govern it, and whose interest is should serve (Faux, 2002)."

Employee Perception On The Implementation Of The Performance Appraisal System At The University Of Malaya, Sazali Kamaruddin

Student Works (2000-2009)

The purpose of this study is to investigate and identify issues pertaining to the implementation of the current performance appraisal system, the New Remuneration System (NRS) with specific reference to the University of Malaya, Kuala Lumpur, Malaysia. This research also tries to examine the effectiveness of the NRS as one of the management tools for the determination of salary increment, promotion, bonuses and other employee benefits. Specifically the study aims to identify employee perception of the current performance appraisal system; whether it is a just and accurate system for the employees of the University of Malaya or otherwise. The result …

The Development Of Boston's Seaport District: Employment Opportunities And Community Strategies, O. Steven Quimby

Gastón Institute Publications

The development of Boston's Seaport District will create thousands of full-time employment opportunities over the next decade. To ensure equitable access to these opportunities for Boston's communities of color, it is imperative that organizations offering employment-training programs begin to take these opportunities into account now in their training efforts. The Center for Community Economic Development (CCED) at the University of Massachusetts Boston has prepared this report, The Development of Boston's Seaport District: Employment Opportunities and Community Strategies, as a step in becoming informed about these opportunities.

This study examines employment opportunities to be created in three industries projected to be …

Youth Livelihood Opportunities In Egypt, Safaa El-Kogali, Nagah Hassan Al Bassusi

Poverty, Gender, and Youth

This report presents results from a quantitative and qualitative study on youth livelihood opportunities in Egypt. The study was motivated by growing evidence of increasing unemployment among the young at a time when new entrants into the labor force are also increasing at unprecedented rates. Egypt has a youth population of over 13 million aged 15–24—over a fifth of the total population. They constitute the largest segment of the economically active population. Whether this bulge of young workers entering the labor force is a “demographic gift” or a “demographic burden” depends in large measure on the policies that are in …

The Application Of Attitude Functions To The Study Of Job Attitudes, Alistair Macdonald

Graduate Theses

The current research applied the study of attitude functions to the domain of job attitudes. This study hypothesized that the psychological needs behind attitudes towards the organization would moderate the relationships between job attitudes. Forty-eight surveys were used from a sample of 81 faculty members. No significant moderating effects were found. However, a regression analysis found direct relationships between attitude functions and job attitudes. The social-adjustive (SA) function demonstrated a positive significant relationship with affective commitment and normative commitment. The self-esteem-maintenance function (S-E-M) demonstrated a negative significant relationship with affective commitment, normative commitment, and job satisfaction, and a significant positive …

Older Workers: An Essential Resource For Massachusetts, Peter B. Doeringer, Andrew Sum, David Terkla, Commonwealth Of Massachusetts, Blue Ribbon Commission On Older Workers

Gerontology Institute Publications

The Massachusetts Jobs Council, the Governor’s principal advisory board on workforce development, established the Blue Ribbon Commission on Older Workers in 1997 to analyze the labor market for older workers in the Commonwealth and to recommend policies to improve the economic status of the older labor force. The Commission held numerous hearings, town meetings, and focus groups to solicit the views of older workers, employers, labor organizations, and training professionals, and it reviewed the findings of extensive research on older workers in Massachusetts.

Comparative Study Of Economic Adjustment And Housing Quality Of Migrants And Natives In The State Of Virginia, Bayram Unal

Sociology & Criminal Justice Theses & Dissertations

This research has directed attention towards comparing and understanding the characteristics of both native and migrant populations and both recent and long-term migrant populations in the state of Virginia. The research question is: how does migrant population differ from native population? And how do recent migrants differ from long-term migrants in terms of their employment status, occupation, income, home ownership, quality of housing and amount of rent. This study utilizes data from the 5 percent sample of the U.S. 1990 Census. Cross tabulation and analysis of variance are used to compare migrant with native population and recent migrants with long-term …

Contested Workplace: The Case Of The Strike Of The United Food And Commercial Workers Union Versus Meijer, Barbara Thomas Coventry, Marietta Morrissey

The Journal of Sociology & Social Welfare

This paper examines the struggle between labor and management at four, newly-opened supermarket/discount stores, culminating in a strike. It considers workplace control as an issue in the strike and its resolution. Edwards' typology of workplace control is reviewed, along with other indirect forms of control explored in recent literature. Workers complained most stridently about direct control mechanisms. Workers' objections to technical and bureaucratic control played only a minor part in workers' decision to strike and the work stoppage's outcome. Indirect controls, including customer and gender-specific control mechanisms, were seldom questioned or acknowledged by workers. On the other hand, both the …