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Mega-mergers is a combination of two are more major companies joining together according to Eitzen (365) in 2006 Mergers and acquisitions in the united states alone were worth 1.45 trillion. There are thousands of mergers each year that makes giant corporation become more bigger. For example Time, Inc., and AOL joining with Warner Communications, Texaco buying out Getty Oil, and other mergers that combined with foreign firms like British Petroleum with Amoco and Daimler with Chrysler. There are nsix negative consequences of mega mergers are: (1) It increases the centralization of capital, which causes a reduction competition also raises prices for consumers; (2) It increases the power of huge corporations over its workers, unions, and its governments; (3) The benefits of local communities are diminished; (4) It reduces the number of jobs; (5) It increases corporate debt; and (6) It is non-productive. Corporation rather create profits for their lawyers, accountants, brokers, bankers and big investors than to create and help communities bloom by building new plants or facilities, products or most importantly new jobs. Interlocking directorates is the linkage between corporation that results when an individual serves on the board of directors of two companies (a direct interlock) or when two companies each have a director on the board of a third company (an indirect interlock) (Eitzen 365) Interlocking directorates lowers competition by the sharing of information and the coordination of their policies. The Clayton Act was passed in 1914 which made it illegal for one individual to be part of the corporate board of two companies that were in direct competition to one each other. Transnational Corporation is any corporation that operates in more than one country, which provides the larger
companies with enormous economic and political power according to Eitzen (366)
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Most business and corporation are shifting overseas is for profit, profits higher overseas and manufactures and production are cheaper as well.
Work is a universal activity (Eitzen, 368) The system organize work in order to produce good and other types of services for the people like foods, clothing, shelters, education and ETC, the work force gives individuals a social identity, economic resource and a social location. Although the system organize unsafe working environment for its workers in some cases where some worker feel alienated, exploit and often dehumanized. Workers start to feel bored with the job because of the everyday task, doing the same thing over and over again.
The term, work can have several meanings and interpretations. Some people view work as a necessity and a social norm, others might view it with a negative perspective, giving how people are so dependent on it. Benjamin Franklin, Henry David Thoreau, and Walt Whitman all have a similar interpretation of work. Your encounters with society affects your actions, yielding a specific outcome. They all acted accordingly to what they observed around them, and the actions hey took was to yield a result of change.
Work is a word that one hears on a daily basis on multiple different levels; work out, work at school, go to work, work at home, work for change. Society today is made of people that work hard every moment of their day from sunrise to twilight, these workers work for food, housing, family, education, and transportation. Essentially in today’s world if one wants something they must work for it, gone are the days where handouts are common and charity is given freely. The question then arises, who speaks for these voiceless workers that are often working so hard they have no time to voice an opposition? The authors Levine and Baca speak very well for these workers and for society in general, their narrators speak of not only work but of the world
Currently, human beings are thinking more on the line of they need work in order to make a living. For that reason, work has become meaningless, disagreeable, and unnatural. Many view work as a way to obtain money and not a meaningful human activity that one does for themselves. The author states that there are two reactions of the alienated and profoundly unsatisfactory character of the modern industrial work. One being the ideal of complete laziness and the other, hostility towards work. Fromm believes the reason why people have animosity regarding work is due to their unconscious mind. Subconsciously, a person has “a deep-seated, hostility towards work and all that is connected to it” says Fromm. I believe what Fromm is saying to be true, after all I witness it everyday. Millions of people each day goes to a work which they are dissatisfied with and that can negatively impact their attitude
People work for three major reasons: their ambition, basic needs and passion. Without jobs, individuals cannot reach their goals when they are ambitious to do, or solve problems of their basic needs, nor have so much passion on educating people and assisting the society to progress. Florence Nightingale, the undocumented workers, Miss Bessie and me all have experiences to realize, understand and proof the importance of jobs. In a word, people need jobs because they are vital for individuals no matter what they have any troubles, dreams and enthusiasm.
The unjust of the working conditions caused many problems that can cause a danger to people lives. Observing the working conditions,
This does not seem to be the case when so many companies actually leave their U.S. home factories and build new ones in third world countries. (The Big One. Michael Moore. 1998). Why would any company prefer to stay in America when they could ...
The term “work” is something that a person does in his or her life. They are processes that may or may not usually be counted as work. For example, we had to choose three types of work that our classmates wrote about in an essay. The three I chose were: 1) “Being a student at a university is not cheap and it is difficult to work full time as well as being a full time student.” This is a prime example of how an institution organizes or coordinates the way this person lives their life. In order for this person to pay the high cost of tuition they must work full time. But, it is hard for him/her to balance work and school work. Therefore, they need to pick one before their grades start to slip or they become stressed
When two companies decide to combine forces and become one bigger, richer mega company, it is called merging. This process forms a new company, combining the money and ideas of what used to be two different entities into one. This, however, is not the only thing that results from merging two different companies, and since we will be discussing the merging of two companies in the pharmaceutical industry, the impact will be incredible. Of course, the merging of two companies will not only have positive impacts but it will have many negative side effects as well. Furthermore, depending on the size of the merging companies and the goals of the people leading these companies there will always be contradictions according to the long-term goals or short-term goals depending on what both parties’ interests are. Our company, Verduga Inc. is contemplating to merge with Coronado-Salinas Inc., so before we rush into such a merger we must contemplate the positive and negative aspects of such a move. When it comes to mergers there are always many possible positive and negative impacts due to the effects of merging; these effects more widely impact the fields on research and development, on employment and management, stocks and shareholders, monopolization, and ingenuity.
Mergers and acquisitions immediately impact organizations with changes in ownership, in ideology, and eventually, in practice. There are multiple reasons, motives, economic forces and institutional factors that can, taken together or in isolation, influence corporate decisions to engage in mergers or acquisitions. The financial risks of merging with or acquiring an organization in another country and how those risks can be mitigated are important issues for corporations to conduct research on. This paper will examine the sensible and dubious reasons for mergers and acquisitions and the benefits and costs of the cash and stock transactions.
the industry as a whole is moving there factories to the far east such as China.
Which means we become disconnected from who we are in the jobs we do. Doing the jobs that people do to support whatever is going on in their life makes them “depressed spiritually and physically to the condition of a machine.” Karl Marx says; that in itself is an enemy against Karl Marx question “what is it to be free?” because if we are slaves to our job then are we really free? We become detached from ourselves which doesn’t allow workers to express themselves in their nature which leads to emotionally issues due to lack of emotionally expression. To make the best out of physically and emotionally suppressing jobs individuals do, Karl Marx says to “see themselves in the objects they created” which means use the objects as a positive outlet like creativity or artistic ability because it reminds us who we are at the end of the day and we share our personal qualities in the things we produce.
Labor laws, wage disparities, intense competition and fluctuating currency values are the challenges that are making organizations worldwide to compete in marketplace with products requiring a great deal of labor, and it is now getting harder for some of these organizations to maintain employees abroad. As Mello (p. 610) mentioned that a greater percentage of United States workforces are moving their operations abroad to developing nations like China and leaving an increasing number of United States domestic workers without employment. The foreign markets for the products and services are not the only things enticing these organizations to enter these global marketplaces. There are other reasons these companies are joining the global market arenas. For example, the foreign labor markets, this has attracted interest in many organizations to expand globally (Gersten, 1991). The labor force growth rates in developing nations alone will continue expanding by approximately 700 million people by the year 2010, while the United States labor force will continue to grow by only 25 million. This shows that United States’ growth rate will drop and the opportunities for productivity growth rate will increase in developing countries.
Workaholics – people, who have a compulsive and unrelenting need to work (www.dictionary.com) – appear more and more among the working people of United States and other developed countries. At first glance, workaholics do not seem to be such a problem for industry and society as a whole. But in spite of all devotion to their work the workaholic will not be as valuable as a normal worker. Workaholics do not think about anything else except work that can cause severe health problems and can cause problems on their work. All that causes a reduction of economic profit for the company.
...iences hardships in their life and it is only with the support of other, stronger people that they can overcome those hardships in order to become stronger, more productive than they were before. The more productive, strong workers there are, the better society will be.
Mergers mean two or more companies combining together to form one business or firm. There are six different types of mergers: Horizontal, Vertical, Conglomerate, Market extension, Product Extension and Diversified activity.