Tort Law

Essay by henslknUniversity, Master'sA+, May 2006

download word file, 1 pages 0.0

Company A's biggest criminal liability is their employees using corporate funds for private use. I think this is one aspect of Company A that is extremely under supervised. Employees at all levels of the organization have the authority to purchase goods and services. Approximately 35% of the people at our plant have a corporate credit card, which they use for travel and entertainment (T&E). Some employees have what is known as an LVP card. This card is used to purchase goods and services not covered by T&E. This freedom can be easily abused because the purchases are not accounted for at the end of every month. The charges on the card are just automatically paid.

Another liability for Company A is, which is currently being investigated, is monopolizing the aluminum industry. Company A has been buying extrusion plants for the last 10 years. At this point it is believed that they own 95% of this particular industry world wide.

To get to this point Company A has been accused of buying specific plants, in order to close them and lower the amount of competition in the extrusion industry.

Company A could also be in violation of influencing government officials. On Oct. 19, 2004-"-President George W. Bush signed historic land exchange legislation yesterday that allows relicensing of four Company A Inc. (NYSE:AA) hydroelectric dams in Tennessee and North Carolina and enables the preservation of more than 10,000 acres of land in the Great Smoky Mountains National Park as called for in an agreement submitted to the Federal Energy Regulatory Commission (FERC)."(Company According to Kevin Anton, President of Company A Materials Management "The signed legislation is another step resulting from seven years of discussions with federal and state agencies, surrounding communities and environmental organizations. Company A Power...