Walmart’s Court-ing Big Problems; What’s in a Name? Ask Chrysler, If You Can Still Call It That; Stuyvesant High Schooler Fails in Lying;

 Hitting a Wal…mart…

Image courtesy of nirots/FreeDigitalPhotos.net

Image courtesy of nirots/FreeDigitalPhotos.net

Walmart’s lawyers have been especially busy this year. But not to Walmart’s advantage, it would seem. The retailer just got word that a Pennsylvania supreme court upheld a lower court’s ruling from 2007 that it has to pay over $150 million to approximately 187,000 employees who sued the the company in a class action suit. According to the lawsuit, Walmart stiffed employees by not compensating them for rest/meal breaks, or actually making them work through those breaks and then not paying the unrested, hungry employees for that time. Of course, Walmart is considering appealing the ruling, whose amount is sure to put a major dent in its quarterly earnings. I’m guessing you’re not as choked about that as Walmart execs are. Then there was last weeks’ decision by a National Labor Relations Board administrative law judge who found that the US’s largest employer also threatened employees in California because they tried to organize. Back to today, the lawyers and family of John Crawford, who was shot inside a Beavercreek, Ohio Walmart , named the corporation in a lawsuit. The lawsuit alleges that Walmart did not provide a “reasonable place to shop” because a bb gun involved in the shooting was left unpackaged in the store for two days.

What’s your name again?

Image courtesy of olovedog/FreeDigitalPhotos.net

Image courtesy of olovedog/FreeDigitalPhotos.net

Chrysler Group LLC it isn’t. Well, it was. Up until Tuesday morning when the automobile manufacturer announced it was changing its name  to “FCA US LLC.” Got that? Neither did I. But apparently this name fits in better, globally, anyway, with its parent company Fiat Chrysler Automobile NV. But it’s okay if you forget and call a Chrysler a Chrysler, because those cars will still be made and be called Chryslers, along with Jeeps, Dodge and Fiats, who are all also keeping their names. The company – and name – which originated in 1925, with some vision and assistance from the very industrious Walter P. Chrysler, employs 77,000 people all over the world and has 36 manufacturing facilities, with 23 in the United States alone.

He lied! He lied!

Image courtesy of africa/FreeDigitalPhotos.net

Image courtesy of africa/FreeDigitalPhotos.net

Looks like Mohammed “Mo” Islam is not such a whiz kid after all. After a story appeared in New York magazine about a 17 year old Stuyvesant High Schooler who was rumored to have pocketed $72 million in the stock market, it turns out none of it was true.  The story was picked up by just about everybody, including this blog, and the young man and a friend were even scheduled to do an interview on CNBC to discuss their non-existent success.  However, New York Observer’s Ken Kurson, and a team of media and legal professionals uncovered the hoax, after noticing how so many many people questioned the story, which first picked up steam inside the hallowed halls of Stuyvesant High. Apparently the only trades Mohammed ever made were simulated ones and his fortune is more akin to the fake kind you might find in a board game. New York magazine did issue an official apology, but it seems that it’s the wrath and disappointment of Mohammed’s parents who will make Mohammed come to rue his dubious actions. According to Mohammed, his dad, “wanted to disown me. My mom basically said she’d never talk to me.” And who can blame them.

 

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A Vrooming Good Time in November; #GivingTuesday – Think Black Friday for a Cause; The CEO’s Knows

No-vroooomber!!!!!

Image courtesy of renjith krishnan/FreeDigitalPhotos.net

Image courtesy of renjith krishnan/FreeDigitalPhotos.net

The automotive industry had a great November, especially toward the end with all those Black Friday and other holiday promotions. Companies posted some very merry sales. Well most of them, anyway. Chrysler Group rocked the month of November with a 20% jump thanks in big part to its ever-lovable, perennial fave Jeep Brand which had a record month and a 27% increase in sales of its Jeep brand cars. GM took in a very hearty 6.5% sales increase – a particularly impressive feat since its Cadillac brand took a huuuuge 18.7% plunge. But man oh man –  knocking 20% of sticker prices on Buick and GMC Brands certainly helped GM sell over 225,800 cars. Ford, however, told a very different tale as its sales took a 1.8% beat down. Apparently drivers are eagerly waiting for the newly redesigned 2015 F-150’s and Mustangs. After analysts finish adding up their numbers, it’s expected that 1.27 million vehicles will have been sold this November.

Give it up for Tuesday…

Image courtesy of Stuart Miles/FreeDigitalPhotos.net

Image courtesy of Stuart Miles/FreeDigitalPhotos.net

As we bid adieu to the Blackest of Fridays and the Cyber-est of Mondays, let us usher in #GivingTuesday. Conceived in 2011 by a group of folks from the 92nd Street Y in New York City, the group started out with about 2,500 non-profit organizations participating in 2012. Today, over 20,000 non-profit partners are getting in on the action with thousands more worldwide asking you to give back with money, clothing, food, or volunteering that most precious of all things – your time.  Give a donation, and in plenty of instances, your donation will be matched. Tons of other organizations will even double or triple your donation. Don’t believe me? Go see – and give – for yourself. #GivingTuesday

Well if a CEO said it…

Image courtesy of cooldesign/FreeDigitalPhotos.net

Image courtesy of cooldesign/FreeDigitalPhotos.net

What happens when you survey 129 CEO’s to talk about the economy? Well for one, they don’t always agree with economists. Hmm. Case in point, the top CEO’s in the country, surveyed by an association called the Business Roundtable, feel the economy will grow by 2.4%. Economists beg to differ (okay, so maybe there was no begging) that the economy will grow at a higher rate of 3%. Potatos. Puh-tatoes. So who’s your money on? The Business Roundatble (BRT), by the way, “is an association of chief executive officers of leading U.S. companies working to promote sound public policy and a thriving U.S. economy,” according to its highly  informative website. Other insights from the CEO’s: 74% of them expect their companies’ sales to go up. They also expect a nice little rise in their employment within the next six months. All good things, of course.