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Would you rather be a front-desk clerk or "Director of First Impressions"? A barber or a "Grooming Manager"? How you answer could mean a significant difference in annual earnings. That's because companies routinely inflate workers' titles to avoid paying them in full for overtime work, according to researchers from the University of Texas and Harvard Business School. It's no secret companies go to great lengths to keep their labor costs down. What the new working paper reveals is that firms save a total of $4 billion in overtime payments a year simply by getting creative with titles. For employees, however,...

(NEXSTAR) – One less day of work, not a dollar less in pay – for an employee, what’s not to love? But even employers like the idea, a recent trial of about 30 companies shows. Thirty-three companies employing about 1,000 people in the U.S., Ireland and Australia decided to test out a four-day, 32-hour workweek as part of a six-month pilot designed by the nonprofit 4 Day Week Global and professors at Boston College. The trial instructed “employees to work 80% of their regularly scheduled hours in return for 100% of their pay and a pledge to deliver 100% of...

German producers are halting manufacturing in response to the surge in power costs brought on by Russia’s squeeze on gasoline provides, a development the federal government has described as “alarming”.Robert Habeck, financial system minister, mentioned business had labored laborious to scale back its gasoline consumption in current months, partly by switching to various fuels like oil, making its processes extra environment friendly and decreasing output.“It’s not good news,” he mentioned, “because it can mean that the industries in question aren’t just being restructured but are experiencing a rupture"Habeck mentioned rising gasoline costs have been affecting everybody from large industrial firms...

Kum & Go CEO Tanner Krause took to Twitter to express his disappointment over the overturning of Roe v. Wade. “Women’s rights >>> State’s Rights and any other rationale for overturning Roe. This court has set women’s rights and healthcare back 50+ years,” Krause wrote. “I’m sorry to my mother, my wife, my daughter and all the females out there who lost autonomy over their bodies. I will continue to be your ally for equal rights,” he finished. WOMEN’S RIGHTS >>> STATE’S RIGHTS AND ANY OTHER RATIONALE FOR OVERTURNING ROE.THIS COURT HAS SET WOMEN’S RIGHTS & HEALTHCARE BACK 50+ YEARS.—...

After the Supreme Court ruled on Friday to overturn Roe v. Wade, corporate giants from a range of industries pledged to provide support and financial assistance for employees - and, in some cases, their dependents - seeking abortions in states that outlaw the procedure. The court's decision to roll back the nearly 50-year-old landmark ruling, which protected the federal, constitutional right to an abortion, is expected to transform the landscape of reproductive health in America, leaving abortion policy up to individual states and paving the way for numerous states to pass new abortion restrictions. As of Friday afternoon, state officials...

In an indication that corporate progressivism may be reaching its high-water mark, CEOs for the first time are pushing back against activist employees, in some cases going so far as to fire them rather than steer their companies into the mire of “woke” politics. Last week, Kraken CEO Jesse Powell became the latest executive to say he has had enough. He invited employees who felt “triggered” by controversial ideas to accept a severance package and leave the company. The cryptocurrency technology company’s new mission statement says that it “will never ask that our employees adopt any specific political ideology as...

Five Senate Democrats called on the pension fund managers of 25 major companies to explain the lack diversity in the asset management industry. “Women and people of color are dramatically underrepresented in the field of asset management,” wrote Sens. Bob Menéndez (N.J.), Elizabeth Warren (Mass.), Alex Padilla (Calif.), Tim Kaine (Va.) and John Hickenlooper (Colo.). “Less than 1% of the $70 trillion in global financial assets under management are managed by woman or minority-owned firms. Women and people of color are also extremely underrepresented at the board and senior management levels at asset management firms,” the senators wrote.

With these results, there is not anything to suggest a business will benefit from woke activism.In the press industry it is not just accepted but now expected that a corporation will engage in social activism. A new poll is out that shows how foolish the practice is, prompting not just a tendency of consumers to resist this activity by a company but outright resistance — and a resulting probable financial backlash. The decision of a company to go public with a position on a social or political topic is not just risky, but outright foolish, the poll shows.Journalists, meanwhile, will...

House Democrats will hold hearings blaming oil and natural gas companies for the soaring gas prices under President Joe Biden. The House Energy Commerce Committee will hold a hearing, “Gouged at the Gas Station: Big Oil and America’s Pain at the Pump,” on April 6 that will include the CEOs of Chevron, Devon, Exxon Mobil, Pioneer Natural Resources, and the presidents of Shell USA and BP America.

On Wednesday’s broadcast of CNN’s “New Day,” Rep. Adam Smith (D-WA) stated that he would be surprised if oil companies weren’t engaging in profiteering on gas prices and Congress needs to “keep an eye on that and try to make sure that the oil companies don’t take advantage of the situation.” Co-host Brianna Keilar asked, “Oil prices, as you know, are falling. Gas prices, they’re not following yet, but they are expected too. And one of your colleagues, Alexandria Ocasio-Cortez, says that there is profiteering that is happening by oil companies. Do you agree with that?”

Since Putin's devastating invasion of Ukraine began, 300 companies have announced their withdrawal from Russia in protest.Nevertheless, some western companies have continued to operate in Russia undeterred; we identify several dozen companies with particularly significant exposure to Russian markets. In the days since we initially published our list, many of the "remain" companies have responded to public backlash and decided to withdraw, and we are continuously revising our list to reflect these decisions as they are made. The full, current list of companies that have curtailed operations in Russia as well as those that remain, as of March 8, can...

On Tuesday’s broadcast of MSNBC’s “Andrea Mitchell Reports,” Sen. Elizabeth Warren (D-MA) reacted to President Joe Biden’s ban on U.S. imports of Russian oil and gas by stating that Congress should monitor the profits of oil companies and “profit margins should not go up. That’s just oil companies gouging when they do that. So, we’re going to be on them on this.”

Thursday, Rep. Sheila Jackson Lee (D-TX) told MSNBC host Joy Reid there were options for the federal government to prevent what Reid deemed to be “further price-gouging” by oil companies, which she suggested was really to blame for rising gas prices, not inflation. Jackson Lee urged Biden to use the “his bully pulpit” but also said legislation was an option to “penalize” oil companies for alleged price-gouging.

In this installment of our weekly Sunday Six conversation, PF Whalen and Parker Beauregard of The Blue State Conservative name six companies that continue to mandate COVID vaccines for employees despite the Supreme Court ruling on January 13th which put a commonsensical ending to the Biden Administration’s ridiculous policy. #6: United Airlines Parker: You and I each write about a major airline that is mandating the jab for its employees. Indeed, many adopted some of the earliest requirements of any large industry. Despite the Supreme Court ruling, United Airlines insists on maintaining its vaccine mandate policy because, as its CEO...

Companies are reviewing their vaccination requirements after the U.S. Supreme Court (SCOTUS) ruling, with some dropping them, some sticking with them, and some reinstating them.A General Electric Co. spokesperson said on Friday that it will stop requiring the U.S. employees to be vaccinated with COVID-19 vaccines, the Wall Street Journal reported.The Epoch Times reached out to General Electric for comment.COVID-19 is the disease caused by CCP (Chinese Communist Party) virus, which started in Wuhan, China, and spread to the world. The pandemic has cost over 5.5 million lives and infected over 300 million people globally.General Electric is a Boston-based maker...

Thanks to the United States Supreme Court’s epic hit, Dementia Joe’s OSHA vaccine mandate has been struck down. But even as far back as December, the handwriting was on the wall. After the 5th Circuit Court of Appeals issued the preliminary injunction on the OSHA mandate back in November, companies like General Electric and Union Pacific decided to put a pause on their push to force-vaccinate employees. Others have since followed suit.From NBC News:A growing number of health care systems and other companies, including Amtrak and General Electric, are suspending mandates that require employees to be vaccinated against Covid-19.The move...

The Labor Department said on Saturday that it would delay until Feb. 9 the deadline for full enforcement of its rule requiring large companies to have their workers get coronavirus vaccines or be tested weekly, after weeks of legal battles created uncertainty and confusion for employers. The department’s move came a day after a federal appeals panel reinstated the Biden administration's rule requiring that companies with at least 100 employees mandate their workers be vaccinated against the coronavirus or face weekly testing by Jan. 4. The rule had also mandated that those employers require masks for unvaccinated workers by Dec....

Three companies and Missouri’s attorney general are asking the U.S. Supreme Court (SCOTUS) to stay the Biden administration’s vaccine mandates for private businesses with 100 or more employees.Three companies—Phillips Manufacturing & Tower Company, Sixarp LLC, and Oberg Industries LLC—filed an emergency application (pdf) for an injunction on Friday, saying the Biden administration is pursuing unlimited federal executive power in the vaccine mandate for private businesses.“There is no dispute among the parties about the common desire to end the scourge of the COVID-19 pandemic,” reads the application. “The arguments advanced by the Executive Branch admit to no cognizable limits on federal...

The industry leaders asked for an immediate lifting of the cultivation tax placed on growers, a three-year holiday from the excise tax and an expansion of retail shops throughout much of the state. It’s estimated that about two-thirds of California cities remain without dispensaries, since it’s up to local governments to authorize sales and production. Companies, executives and groups signing the letter included the California Cannabis Industry Association, the California arm of the National Organization for the Reform of Marijuana Laws, the Los Angeles-based United Cannabis Business Association, Flow Kana Inc., Harborside Inc., and CannaCraft. In a conference call with...

Foreign firms doing business in China should be aware of the costs of transacting with a totalitarian regime that controls everything in society and can easily bend any company to its will.Heads of U.S. corporations don’t dare to criticize the Chinese Communist Party (CCP) even in private settings. They know Big Brother is always watching them.JPMorgan boss Jamie Dimon’s quick apology over a joke he made recently about the country’s communist regime provides a good example of how business leaders fear retribution from Beijing.Clyde Prestowitz, author and strategist on Asia and globalization, explains the true cost of doing business in...