Three owners fire 25% owner for cause - but they won't pay the price

Article Abstract:

A case study involving the firing of a 25% stockholder in a valve manufacturing industry due to irresponsibility on the part of the said owner was assessed due to the complications which arose from the buy-sell agreement and contract. A buy-out of the fired owner was made at a value more than double of the specified price in the buy-sell agreement due to an alleged violation of the employment contract. The aggravating circumstances could have been prevented if the owners had sought the advise of a legal counsel on how to best deal with the problem stockholder.

Stockholder Relations, Analysis, Human resource management, Machinery industry, Stockholders, Management buyouts, Investor relations

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A guide to a successful future

Article Abstract:

President Bill Clinton and Congress should embrace the recommendations for revitalizing the nation's economy that are set forth in the US Chamber of Commerce's 1993-94 National Business Agenda, which is entitled 'Renewing American Enterprise.'

Editorial, Economic policy, Chamber of Commerce of the United States

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