“We live not just in a global economy but in a global supply chain,” says international labor expert Richard Locke. “The most important thing is to educate consumers, especially in large markets, so they understand that the choices they make have implications for issues of living standards, working conditions and justice in the factories that produce most of the things we buy every day.”Full Story»
In a major departure from industry practice, GlaxoSmithKline, the sixth-largest global drug maker, announced that it will no longer hire doctors to promote its drugs. The company also will stop tying compensation for sales representatives to the number of prescriptions written for drugs they market. The changes will be made worldwide over the next two years.
With greater gender diversity on a corporate board, comes better performance. Opinions differ as to why, but myriad research studies from leading academic institutions and the private sector all make a compelling case for more balanced gender representation on boards. The debate should be long over, yet women’s presence on U.S. corporate boards remains frustratingly, persistently low.
As of last year, nearly 7 million Americans worked in the fast-food industry, with an average pre-tax yearly income of about $18,770, or just over $9 an hour. For a family of three, that’s well below the federal poverty line of $19,530. Families of fast-food workers are twice as likely to use public programs, according to a recent study, because of “the industry’s low wages, low work hours and low benefits.”
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