Word: consented
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...latest case, the Department of Labor accused a California Standard subsidiary, Western Operations, Inc., of discharging the 160 employees solely because of their ages during a three-year period that ended Dec. 31, 1973. Company officials contended that they had done nothing wrong but chose to sign a consent order rather than fight. Labor Secretary Peter Brennan, 56, hailed the scope of the settlement, which covers workers in eight Western states whose former jobs ranged from assistant service-station manager to executives; some earned about $40,000 a year. Individual awards to the employees will run from just under...
...Make more information available to buyers of commercial paper (short-term corporate lOUs). Goldman Sachs insists that it did nothing wrong in marketing $83 million of commercial paper for Penn Central in the six months before the bankruptcy. But it signed a consent decree under which it promised that it will investigate companies for which it sells commercial paper and tell would-be buyers what it finds...
...seeking only civil penalties-injunctions or consent decrees barring the defendants from committing the same acts again. But a federal grand jury in Philadelphia is investigating the possibility that some former Penn Central officers broke criminal laws and thus may be liable to jail sentences...
...fund, means that the workers are actually getting a 7-per-cent wage increase in each of the next two years. The strikers have a different viewpoint. The plan under which Harvard and the employees gave matching payments into a fund was taken away from the workers without their consent. The printers will receive neither the funds that Harvard paid into that plan in their name nor the interest on the funds which they deposited with the University. A printer's only reward for giving the University more money to extend its investments is a dollar-for-dollar repayment upon...
Corporation members say that the Board of Overseers has the real authority, since all Corporation decisions must receive Overseer consent. But the unwieldy size of that board and the infrequency of its meetings--generally only seven times a year compared to the twice-monthly Corporation meetings--make it more of an alumni check on the system and a vehicle for communicating their sentiments than a real determinant of University policy...