Texaco is said to set payment over sex bias
Article Abstract:
In a settlement by Texaco Inc. to pay 186 female workers $3.1 million, the company states that it is not admitting guilt. The Labor Department found that mid-level female employees were routinely paid less than male counterparts. The settlement will pay the women between $1,500 and $51,000 depending on their salaries between 1993 and 1996, length of employment and other factors.
Comment:
Company will settle affirmative action suit with $3.1 million payment
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1999
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Radio giant cancels deal for Lin TV; Chancellor chief out; bid upset stockholders
Article Abstract:
Radio giant and outdoor-ad company Chancellor Media Corp. has cancelled its $900 million acquisition deal for Lin Television. In a restructuring of its business emphasis, CEO Jeffrey Marcus will be replaced by Thomas O. Hicks and much, if not all, of its acquisitions and mergers staff will depart. A Gulfstream jet will be sold as an additional step in cost-cutting.
Comment:
Company cancelled its plan to buy Lin TV
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1999
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Comment about this article or add new information about this topic:
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