Question

In: Accounting

Sam worked for a major bank for nearly four decades. Though a number of co-workers were...

Sam worked for a major bank for nearly four decades. Though a number of co-workers were over 40, Sam was the oldest and most productive member of his department, earning the highest salary. When the bank engaged in a reduction in force (RIF), Sam was only one terminated from his department. If Sam sued for ADEA violations what would be the likely outcome?

Solutions

Expert Solution

If Sam sues his employer for ADEA violations (discrimination resulting to termination of Sam because of his age of 40 years),he has to file a charge of discrimination at Equal Employment Opportunity Commission, or federal agency or state agency reponsible for enforcing the laws which prohibit age discrimination.The agency will try to settle down your claim or ask the employee to file a suit against his employer.

If on filing a suit court finds that yes the employer has terminated Sam because of age discrimination the court will order the employer to do:

1.Sam will get all his salary,benefits and other compensation which he failed to recieve because of termination.

2.Employer will again bring Sam back to his services.

3.In case regaining services is practically not possible then the court can order employer to pay Sam a sum equivalent to future compensation he will loose in future.

4.Employer will also pay fines and penalties for violating the act.

5.Employer will bear all the court fees,attorney fees and other charges in respect of filing of law suit.

But yes the loss on account of pain,demmotiavation,disrespect is not available under ADEA Act.


Related Solutions

What were the major achievements and failures of the first four decades of the Indian Economy...
What were the major achievements and failures of the first four decades of the Indian Economy since independence(1950-1991)?
What were the major achievements and failures of the first four decades of the Indian Economy...
What were the major achievements and failures of the first four decades of the Indian Economy since independence(1950-1991)? ANSWER IN MORE THAN 1500 WORDS
May 13, 1988 a Friday that will be remembered by a major Chicago bank. Embezzlers nearly...
May 13, 1988 a Friday that will be remembered by a major Chicago bank. Embezzlers nearly escaped with $69 million! Arnand Moore, who was released after serving four years of his 11 year sentence for a $180,000 fraud decided it was time to put his fingers in something a little bigger and better. He instigated a $68.7 million fraud plan. Naming himself as "Chairman," he assembled Herschel Bailey, Otis Wilson, Neal Jackson, Leonard Strickland, and Ronald Carson to complete the...
On may 13,1988 a Friday incidentally, will be remembered by a major Chicago bank. Embezzlers nearly...
On may 13,1988 a Friday incidentally, will be remembered by a major Chicago bank. Embezzlers nearly escaped with $69 million! Arnand Moore, who was released after serving four years of his 11 year sentencd for a $180,000 fraud decided it was time to put his fingers in something a little bigger and better. He instigated a $68.7 million fraud plan. Naming himself as "Chairman," he assembled Herschel Bailey, Otis Wilson,Neal Jackson,Leonard Strickland, and Ronald Carson to complete the formation of...
2. A sample of 636 male workers were asked how many hours they worked in the...
2. A sample of 636 male workers were asked how many hours they worked in the previous week, the mean was 45.5 with a standard deviation of 15.16. Does this suggest that the population mean work week for men exceeds 40 hours? To answer: a. State the assumptions in this question b. State the null and alternative hypotheses. c. Calculate the t-statistic and also report the p-value d. Make a conclusion based on a significance level of 0.05.
When the 636 male workers in the 2008 GSS were asked how many hours they worked...
When the 636 male workers in the 2008 GSS were asked how many hours they worked in the previous. week, the mean was 45.5 with a standard deviation of 15.16. Does this suggest that population mean work week for men exceeds 40 hours? (hint: 1 tailed or 2 tailed) Given your conclusion, are you at risk of making a Type1 or Type II error? Provide your answer in the context of the problem. Report the 95% confidence region for ยต...
During the early 1930s, there were a number of bank failures. To combat these bank failures...
During the early 1930s, there were a number of bank failures. To combat these bank failures central banks implemented depositor insurance. Assess the effectiveness of this policy including any issues that may arise with such a policy.
In this chapter the four major financial statements were presented. If you were thinking of investing...
In this chapter the four major financial statements were presented. If you were thinking of investing in a company, which financial statement would you be most interested in reviewing (because it presented the most/best information for you to assess the company's current financial health)? Required: Name the financial statement, identify the data shown on the statement and describe the financial statement's purpose. (There is no 'right' answer.) For the financial statement you choose, support your choice.
Wayne Schuller managed a warehouse in Minnetonka, Minnesota. His major concern was the number of workers...
Wayne Schuller managed a warehouse in Minnetonka, Minnesota. His major concern was the number of workers to assign to his single unloading dock. After he began contracting with motor carriers for deliveries, he found that they were assessing him stiff penalties if their trucks had to wait to be unloaded. Wayne started adding larger crews at the unloading dock, but often they seemed idle because there were no trucks to unload. Wayne recalled from college that queueing theory might be...
Mr. and Mrs. Dursley of number four, Privet Drive, were proud to say that they were...
Mr. and Mrs. Dursley of number four, Privet Drive, were proud to say that they were perfectly normal, thank you very much. Unfortunately, someone, or something, had left 13very large, very deep, boot-shaped depressions in their front yard. Each depression has a volume of 1 ft3(for a total volume to be filled with 13ft3). The Dursleys plan to angrily purchase 22 kg (total weight) bags of topsoil from a local store to fill the holes. Each bag of topsoil has...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT