BBG 101 Lecture Notes - Lecture 31: Restricted Stock
2 Nov 2020
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Lockout an attempt by management to put pressure on workers by closing the business, thus cutting off worker"s pay. Injunction a court order directing someone to do something or refrain from doing something. Strikebreakers workers hired to do the work of striking workers until the labor dispute is resolved; called scabs by unions. The number of union workers is falling. Many workers (like airline employees) have agree to givebacks gains from labor negotiations are given back to management to help save jobs. Union membership will include more white-collar, female and foreign-born workers than in the past. Unions will take on a greater role in training workers, redesigning jobs and assimilating the changing workforce. Unions will seek more job security, profit sharing, and increased wages. Ceo compensation used to be determined by a firm"s profitability or increase in stock price. Now, executives receive stock options and restricted stock that"s awarded even if the company performs poorly.
