In a number of our posts this year, we have highlighted the trends and perils of mergers and acquisitions. Of course, not every acquisition turns out to be fruitful, and not every transaction occurs without disputes that turn into lawsuits.
With the start of October, the standard in the use of credit cards will be those with an EMV chip imbedded in the card. Credit and debit cards will still have a magnetic strip with them, but they will be used differently. Instead of swiping the cards, they will place the card in a reader that will identify the chip and approve the transaction after the customer enters a pin.
In a number of our posts, we have highlighted the importance of a company’s brand; or more importantly, how they must control how their brand (or brand name) is perceived in the marketplace. This is part of the reason why Subway recently suspended its relationship with its longtime pitchman Jared Fogle when federal agents raided his house last month; before he pled guilty to federal child pornography and teen sex charges.
Unexpected events can be very tough on a business. They can expose a business to sudden, major financial losses. Such losses can have the potential to impact a business on some pretty deep levels and, in some circumstances, could even put a business' entire future in danger.
What makes a start-up company unique is that it doesn’t have to adhere to traditional corporate rules in order to survive, or to thrive for that matter. Because of this, small companies can be swift and nimble enough to keep pace with technological changes and customer preferences and develop new ways of doing things to meet those changes.
With fuel prices down significantly over the past year, many consumers wonder why the prices of airline tickets haven’t come down as well. The federal government is also curious, and the U.S. Department of Justice has launched an investigation into possible collusion between the country’s major airlines.
In our last post, we highlighted the reasons that a business should have a litigation “war chest” in order to deal with the costs of dealing with a lawsuit. After all, the unfortunate part of litigation is that some companies will initiate lawsuits against companies that they know may not have the financial wherewithal to handle a large scale lawsuit.
In our last post, we discussed the questions a business should ask itself when confronted with a lawsuit. Specifically, whether the amount of damages sought is below or above the “nuisance number” a business owner should have in determining whether it would be more expensive to settle a matter or to litigate it to conclusion.
Litigation has been compared to war (on a certain level) because it is known as the means of last resort to solve a problem and at the end there are rarely any clear winners. This is largely because both parties end up spending a great deal of money, but they may not get exactly what they wanted in the end.
We'd like to begin today's post by asking our readers to consider this question: when was the last time you updated your company policies? If you're like a lot of business owners in California, and across the nation, you might only tweak your policies every few years or so. In some cases, an owner may never redraft their policies.