Word: settlements
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...burdened with technicalities was Microsoft's Friday proposal to settle the government's case against it that a hoped-for weekend settlement was rendered all but impossible. Still, government lawyers, sifting through the complicated details, found several concessions that might allow CEO Steve Ballmer and Joel Klein, the government's chief antitrust officer, to meet and possibly put the matter to rest this week - before U.S. District Judge Thomas Penfield Jackson rules in a case that was tried last year...
...Voice of America. And in light of recent events, it's not hard to understand why. Wednesday, the federal government agreed to pay $508 million to 1,100 women who charged the venerable, pro-democracy public radio service with gender discrimination back in 1977. The gigantic cash settlement represents by far the largest disbursement in any discrimination suit in the public or private sector. Each of the plaintiffs claims she was denied job opportunities or promotions within the radio service on the basis of her gender. Some women even recounted verbatim exchanges in which they were told...
...agreeing to a settlement, even one as colossal as this, the Voice of America neatly sidesteps any acknowledgment of legal culpability. But that doesn't mean they weren't scared senseless by the evidence piling up against them, says TIME legal reporter Alain Sanders. "The government wouldn't have offered half a billion dollars if they didn't see a good case," he says. Now that it's finally over, the Justice Department may wish the case hadn't dragged on quite so long; according to the 1964 Civil Rights Act, all legal fees from the case...
...union officials said, "Let there be flight!" One of the longest and largest white-collar strikes in American history came to an end Friday when members of the Society of Professional Engineering Employees in Aerospace reached a tentative agreement with aerospace giant Boeing over wages and benefits. The settlement, described by analysts as "generous" to the union, highlights both increasing competition for Boeing from the European aircraft consortium, Airbus, and a general corporate love affair with stock prices that appears to have pushed the issue of corporate costs into the background...
...disappear in a maze of Russian corporate shenanigans. In a complex scheme with a brutishly simple result, Sidanko's most prodigious subsidiary was declared bankrupt and sold for a song to a rival, the Tyumen Oil Co. (TNK). BP Amoco vehemently objected and in late December reached a tentative settlement with TNK. But the Sidanko affair is still cited in expatriate business circles as a symbol of the hurdles foreigners face in Russia...