Large German labor union IG Metall has partnered with the United Auto Workers to launch the Transnational Partnership Initiative, a program that calls for better pay and working conditions at the U.S. plants of German car makers, which employ some 100,000 people. The unions say the industry's shift toward the South has come with a deterioration in the quality of life for many of its workers.
The push for a German-style works council at the VW factory in Chattanooga, Tenn., has been the UAW’s highest profile effort to organize workers at a foreign-owned plant in the southern U.S. recently.
The effort has drawn the UAW to the powerful IG Metall trade union, whose former boss Berthold Huber was named interim chairman of VW AG’s supervisory board following the resignation of Ferdinand Piech last spring. Huber has been a vocal proponent of the UAW’s organizing drive at the VW’s Tennesee factory, urging workers in a 2013 letter to join the union, Reuters reported at the time.
Looking to keep your German sharp? Here's IG Metall's release on the topic.
As was the case three years ago, Sardar Biglari isn't the only Cracker Barrel shareholder who doesn't like Cracker Barrel Old Country Store's shareholder rights plan, more commonly known as a poison pill. But, as was also the case in 2012, the restaurant and retail company's plan passed very comfortably last week, garnering 11.8 million 'for' share votes versus 6.2 million shares opposed. That means investors controlling almost 1.5 million shares — some 6 percent of Cracker Barrel's total stock outstanding — aren't thrilled with the outcome.
Vanderbilt University's Owen Graduate School of Management will next summer launch a master's degree in marketing. The 10-month program will feature classes on statistics and pricing strategies, among others, and will be directed by professor Stephen Posavac, who is pictured here.
Modern marketing skills, including digital marketing tools such as social media and web-based marketing, are in high demand in the workforce. Master of Marketing students will take courses in marketing analytics, statistics, digital marketing, communications, new product development, consumer insights, brand management and more. Two immersion-based independent studies enable students to customize the program to fit specific industries, desired roles or other career goals.
Shareholders of Cracker Barrel Old Country Store have voted to extend the poison pill adopted by the company's board this spring all the way to 2018. The mechanism is designed to deter activist Sardar Biglari, who in turn says he's not interested in growing his stake in the company.
The company is promising exact vote numbers soon but it's likely the decision was pretty clear: Biglari's initiatives have been losing support in recent years.
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