[DOWNLOAD] "Metlox Manufacturing Company v. National" by United States Court of Appeals for the Ninth Circuit # eBook PDF Kindle ePub Free
eBook details
- Title: Metlox Manufacturing Company v. National
- Author : United States Court of Appeals for the Ninth Circuit
- Release Date : January 06, 1967
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 66 KB
Description
WASHINGTON, Senior C. J.: The Company in this case claimed that it could not give a wage increase or grant other economic benefits to its employees because of financial inability on its part. The Union suggested that the inability to pay might be due to inefficient management, to excessive executive salaries, or to a bleeding of the assets by controlling stockholders. The Company's reply offered to allow the Union to choose a Certified Public Accountant, subject to the Company's approval, and to permit him to make an unlimited examination of the Company's books. The examination was to be made in the Company's office, with the cost borne by the Union. However, the details of the Company's financial records were -- said the Company -- not to be disclosed to the Union or to any third parties. The C.P.A. could only advise the Union whether or not the Company's profit and loss statements ""were true"" and perhaps, although the offer was found by the Board not to be clear on this point, whether or not the statements constituted fair representations of the Company's actual financial position.