Industrial GovernmentMacmillan, 1921 - 425 páginas |
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Términos y frases comunes
absentee adjustment agement agree agreement bargaining Board of Arbitration bonus Brewery capital cent chairman Chapter clothing collective bargaining Commission company union concern coöperation cost of living cutters decision demand Dennison discharge discipline dividends duction earnings effect efficiency elected employ employees employment executive fact factory Filene's firm force foremen grievances increase individual Industrial Democracy industrial government interest International Typographical Union Joint Council keep labor management labor policy lay-offs Leiserson Leitch machinery matter meeting ment method months open shop operation organized labor output pany piece-rate plant Plimpton Press ployees preferred stock present principles problem production profits question record representatives responsibility Schaffner & Marx scientific management secure share standard strike things tion tive Trade Board trade union turnover vote wages week White Motor White Motor Company workers
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Página 382 - A business corporation is organized and carried on primarily for the profit of the stockholders. The powers of the directors are to be employed for that end. The discretion of directors is to be exercised in the choice of means to attain that end, and does not extend to a change in the end itself, to the reduction of profits, or to the non-distribution of profits among stockholders in order to devote them to other purposes.
Página 381 - There should be no confusion (of which there is evidence) of the duties which Mr. Ford conceives that he and the stockholders owe to the general public and the duties which in law he and his co-directors owe to protesting, minority stockholders. A business corporation is organized and carried 3 See eg Kimball, Depreciation and Savings (1935) 10 Ace.
Página 238 - ... will cease; that good standards of workmanship and conduct will be maintained and a proper quantity, quality and cost of production will be assured; that cooperation and goodwill will be established between the parties thereto.
Página 237 - Boards; education of the foremen and people in courtesy, patience, mutual helpfulness and other peace-producing qualities; suggesting devices for the amelioration of hardships incidental to the industry and for the higher efficiency of operating. Industrial peace will never come so long as either employer or employee believe that they are deprived of rights honestly belonging to them.
Página 130 - WHEREAS, In view of the foregoing facts, it is evident that company unions are unqualified to represent the interests of the workers, and that they are a delusion and a snare set up by the companies for the express purpose of deluding the workers into the belief that they have some protection...
Página 382 - As we have pointed out, and the proposition does not require argument to sustain it, it is not within the lawful powers of a board of directors to shape and conduct the affairs of a corporation for the merely incidental benefit of shareholders, and for the primary purpose of benefiting others...
Página 206 - The full power of discharge and discipline remains with the company and its agents ; but it is understood that this power should be exercised with justice and with due regard to the reasonable rights of the employee, and if an employee feels that he has been unjustly discharged he may have appeal to the trade board, which shall have the power to review the case.
Página 211 - If in order to properly balance sections a reduction of force be required greater than can be secured by the laying off of a nonunion worker as provided for herein, then there may be laid off those who are members of the union in the order of their seniority who have been in the employ of the company for a period of six months or less, provided that any exceptionally efficient worker, or any especially valuable member of the union, may be exempted from the rule of seniority.
Página 239 - On the part of the employer it is the intention and expectation that this compact of peace will result in the establishment and maintenance of a high order of discipline and efficiency by the willing co-operation of union and workers rather than by the old method of surveillance and coercion; that by the exercise of this discipline all stoppages and interruptions of work, and all wilful violations of rules will cease; that good standards of workmanship and conduct will be maintained and a proper...
Página 143 - God's world will fall apart Because we tear a parchment more or less. Truth is eternal, but her effluence, With endless change, is fitted to the hour; Her mirror is turned forward to reflect The promise of the future, not the past.