(1)Lyone, Inc. is a non-union manufacturer of consumer household goods. Their industry is largely union, yet they have remained without a union because employees have always felt that they could work well with management and that management protected the employees and treated them fairly. Recently, the employees have sought a pay increase after accepting a wage freeze last year. The economy has improved, production is at an all-time high, and employees want to be rewarded for their efforts and loyalty.
Constance Bagley stated, “A myopic focus on shareholder value can not only result in the unfair treatment of non-shareholder constituencies but can even end up hurting the shareholders in the long run.”
Write a 100-word short essay responding to the topic given. Take time to review the responses of your classmates and provide your feedback. CPE Inc has an overview article of the Sarbanes-Oxley Act that was passed by the federal Congress in 2002 after several high profile corporate fraud case