Puerto Rico legal system

If you are a boss that relies on disciplinary memos to improve employees’ attitudes or performance you should know by now, it rarely works.  Written warnings are often crafted too late when the supervisor no longer wants to deal with the employee.  Fearing legal issues, you begin crafting memos to reprimand the employee on every possible violation. You go from no confrontation to major confrontation.  At this point the corrective nature of the memo is…

If the purchase of Twitter is completed, market mechanisms will have disposed of their top managers and members of the corporate board. Otherwise, they would still be directing the firm.  Without getting into the debate of whether these executives were steering the company to the right direction, it is important to realize how many of these public company managers lead their business with little or no accountability. You may ask, if shareholders can benefit from…

Companies are legally created entities treated as a natural person with separate personality solely responsible for its liabilities independent of their creators and owners.[1] As an individual the company can by itself own property, hire workers even if there is only one being the owner,[2] sue, and be sued and conduct its business continuously and indefinitely despite changes in share ownership.  Personal liability of owners is limited to the portion invested while holding a proportionate…

This article evaluates Hobby Lobby Stores, the US Supreme Court case that addresses among other things the debate  of social justice in corporate law. It raises the question of whether current law should require and or expect for-profit corporations to pursue profit at the expense of everything else.1 We explore the existence and extent of for-profit corporations pursuing more than profits and how they have developed and legislated. In  Hobby Lobby  the Supreme Court argues…