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Book on DemandKartoniert, Paperback
84 Seiten
Englisch
High Quality Content by WIKIPEDIA articles! Mr Phillips had owned a company called Pectel Ltd. It specialised in stripping asbestos from buildings. Mr O'Neill started to work for the company in 1983. In 1985, Phillips was so impressed with O'Neill's work that he made him a director and gave him 25% of the shares. They had an informal chat in May, and Mr Phillips said that one day, he hoped Mr O'Neill could take over the whole management, and would then be allowed to draw 50% of the company's profits. This happened, Phillips retired and O'Neill ran the show. There were further talks about increasing O'Neill's actual sharedholding to 50%, but this was not to happen. After five year the construction industry went into decline, and so did the company. Phillips came back in and took business control. He demoted O'Neill to be a branch manager of the German operations and withdrew O'Neill's share of the profits. O'Neill was miffed. He started up his own competing company in Germany in 1990 and then he filed a petition for unfairly prejudicial conduct against Phillips, firstly, for the termination of equal profit-sharing and, secondly, for repudiating the alleged agreement for the allotment of more shares.mehr

Produkt

KlappentextHigh Quality Content by WIKIPEDIA articles! Mr Phillips had owned a company called Pectel Ltd. It specialised in stripping asbestos from buildings. Mr O'Neill started to work for the company in 1983. In 1985, Phillips was so impressed with O'Neill's work that he made him a director and gave him 25% of the shares. They had an informal chat in May, and Mr Phillips said that one day, he hoped Mr O'Neill could take over the whole management, and would then be allowed to draw 50% of the company's profits. This happened, Phillips retired and O'Neill ran the show. There were further talks about increasing O'Neill's actual sharedholding to 50%, but this was not to happen. After five year the construction industry went into decline, and so did the company. Phillips came back in and took business control. He demoted O'Neill to be a branch manager of the German operations and withdrew O'Neill's share of the profits. O'Neill was miffed. He started up his own competing company in Germany in 1990 and then he filed a petition for unfairly prejudicial conduct against Phillips, firstly, for the termination of equal profit-sharing and, secondly, for repudiating the alleged agreement for the allotment of more shares.
Details
ISBN/GTIN978-613-0-39916-0
ProduktartBook on Demand
EinbandartKartoniert, Paperback
Erscheinungsjahr2010
Seiten84 Seiten
SpracheEnglisch
Artikel-Nr.11825033
Rubriken
GenreRecht