18May
2017
Good PR Can Help Your Company Avoid Litigation

As you already know, public relations professionals can help your company get publicity about the products or services you provide. But a good public relations program can also help your company avoid litigation. Here are four ways that first-rate PR can provide protection: 1. PR can help manage media relations during a crisis situation. Let’s say your company is responsible for an accident that pollutes the environment. Now imagine that you’re in the middle of negotiating a major deal when the news hits. The accident can hurt your company and put the deal in jeopardy. What can you do? A…

18May
2017
Executive Terminations: Sever Ties Carefully

Firing someone in a big corporation is hard enough. In a smaller company, it can be a very personal issue. And if you do a bad job handling the firing of an executive in a close-knit company, the results can be disastrous. It’s difficult to get rid of a longtime — but no longer effective — person because they probably have many connections in the firm. There is likely to be a sense of betrayal among your staff even if that feeling is not justified. If you’re up against this problem, here are some recommendations on how to proceed. Don’t…

18May
2017
Daughters Step Up in Family Businesses

The American family business landscape has long been dotted with companies ending in the phrase “& Sons.” Not long ago, women might have taken support jobs within family businesses as bookkeepers or secretaries. But these days, many women are increasingly stepping into leadership roles — in all kinds of companies, including family businesses. According to one study by MassMutual Financial Group and Babson College, the percentage of women-owned family companies across the U.S. increased 37 percent in a recent five-year period. The study examined how men and women compare as leaders and found some interesting comparisons. Although women-owned businesses were…

04May
2017
What’s Your Investment IQ?

Investing in the financial markets is now part of everyday life. Yet, many Americans remain in the dark about investment products and how they work. Interested in testing your knowledge? 1. When a company goes bankrupt, who gets paid first?¹,² a. Preferred stockholders b. Bond owners c. Secured creditors d. Suppliers and contractors 2. Which of the below is one difference between an open-ended mutual fund and an ETF?³ a. Active management b. Pools many investors’ savings c. Portfolios hold many individual securities d. Shares trades throughout the day Mutual funds and exchange-traded funds are sold only by prospectus. Please…

04May
2017
In the Event of a Hostile Visit

In a dramatic pre-dawn raid, federal agents arrested illegal immigrant janitors at Wal-Mart stores across the country. That same morning in 2003, they also obtained a search warrant and seized several boxes of documents from the corporation’s headquarters in Bentonville, Arkansas. Although Wal-Mart officials announced they had no knowledge that the janitors working for a third-party contractor were in the country illegally and the corporation eventually settled the case, federal agents were reportedly searching for documents to prove the retailer was aware of the workers’ immigration status. Could law enforcement officials conduct such a search-and-seizure operation at your corporation? Do…

04May
2017
Do You Have Will Power?

Only about 34% of adults in America  have a will, which may not be entirely surprising.1 No one wants to be reminded of his or her own mortality or spend too much time thinking about what might happen once they’re gone. Tip: Let Them Know Your will may be a good place to outline your funeral wishes. Although heirs are not legally bound to follow your directions, they may be glad to know your preferences. But a will is an instrument of power. Creating one gives you control over the distribution of your assets. If you die without one, the…