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While called bonds, these obligations to protect an employer from employee-dishonesty losses are really insurance policies. These insurance policies protect from losses of company monies, securities , and other property from employees who have a manifest intent to i) cause the company to sustain a loss and ii) obtain an improper financial ...
Integrity testing for employment selection became popular during the 1980s. [2] Human Resources personnel found integrity tests were an improvement over polygraph tests. Polygraph tests were no longer able to be used for screening of most future employees in the United States due to the Employee Polygraph Protection Act of 1988 (EPPA). [2]
The landmark case Toshniwal Brothers (Pvt.) Ltd. vs Eswarprasad, E. and Others, decided in 1996, describes the legality of employment bonds in India.It holds that under the Indian Contract Act, 1872, contracts requiring an employee to pay a bond if they prematurely resign their employment are legal and enforceable, at least in cases where employers pay expenses like training for the employee. [2]
Macy's said Wednesday that it has tightened internal financial accounting measures after completing a probe of a rogue employee who hid $151 million in delivery expenses over a span of nearly ...
The scandal proved politically damaging to Governor Holden and North Carolina Republicans. [7] The state's railroad development from the bonds issued stagnated until the year 1880. [1] In 1870 the state government purchased the Western North Carolina Railroad and subsequently leased it to other companies. [4]
A man accused of attacking a Colorado reporter after questioning whether he was a citizen and saying “This is Trump’s America now” has had mental health issues for years, his lawyer said.
The best things to do in High Point, North Carolina. Sports. Sports. USA TODAY Sports. NFL Black Monday live updates: Latest rumors, news, analysis on coach firings. Sports. USA TODAY Sports.
The buyout was backed by Freeman, Spogli & Co., a private equity firm that controlled approximately two-thirds of the company, and management and employees owning the remaining third of the company's equity. The transaction was highly leveraged, financed with 79% bank borrowings and 15% coupon high-yield bonds. [8]
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