01/03/2014
Executives of Parrot Cellular, a Central Valley and Bay Area cellphone retailer, have agreed to pay just under $4.2 million to the company’s employee stock ownership plan (ESOP) following a probe by the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA). Investigators found that company owners had the plan buy company stock at highly overvalued rates.
01/03/2014
State Rep. Seth Grove has proposed legislation law that would prohibit local municipalities from enacting mandatory leave requirements for employers. Grove’s move comes after Philadelphia’s City Council approved a paid leave ordinance, only to have Mayor Michael Nutter veto it.