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...Dodgers don't have to pay Ramirez during his suspension, which will cost him some $8 million in salary. But they were never permitted to add a contract clause giving the team the right to void the deal if, say, Ramirez used performance-enhancing drugs. Section 8.L of Major League Baseball's Joint Drug Agreement, a testing and penalty program collectively bargained between the players and owners, states: "All authority to discipline Players for violations of the Program shall repose with the Commissioner's office. No Club may take any disciplinary or adverse action against a Player (including...
...other words, the penalty for a first-time drug cheat is clearly stated out in the agreement: 50 games. The Dodgers cannot go out and fire Ramirez on top of that. "This is all prearranged by Major League Baseball and the Players' Association," says Roger I. Abrams, a sports law expert at Northeastern University...
...Tata officials say they expect demand to be strong, even though India's once-booming real estate market has been deflated by a slowing economy and the global credit crunch. India has a shortage of 24.7 million dwellings in its major cities, according to a recent joint study by McKinsey and the Federation of Indian Chambers of Commerce. Housing shortfalls are exacerbated by migrant workers streaming into many cities who are forced to live in slums made up of shanties lacking basic amenities like sanitation and running water. Roughly 70% of India's 1.2 billion people live on less than...
...campaign plays off the McCafé name. In one spot, for example, a chore - ironing one's shirt - becomes a much more pleasurable "choré" with McCafé coffee in your hand. That's kind of cute, but why don't the ads highlight the company's one major advantage over coffee competitors: price? With consumer spending still weak, shouldn't McDonald's be explicitly broadcasting its bargains? "Here's what everyone implicitly understands," Thompson says. "With our supply chain and the leverage we have, the products are going to be more affordable than other coffee offerings out there. What...
...tension of big companies pitted against big government. Rich and famous bankers have been ridiculed in public. Some have lost their jobs. Hank Paulson, a well-built former Dartmouth football player and former head of Goldman Sachs and mild-mannered Ben Bernanke have been accused of manipulating a major decision by a public company, Bank of America's (BAC) decision about whether it should by Merrill Lynch, overriding the normal and legal corporate governance system. Put more simply, they broke a law in the name of saving the national financial system...