employee

ESOP Managers Have Duty to Employees, High Court Says

Posted on 06/26/2014 by |Legal Grounds | Comments

Bulletin Today | WorkThe Supreme Court is looking out for Americans with employee stock ownership plans (ESOPs), a form of retirement plan. That’s what the justices essentially said in their unanimous June 25 decision in Fifth Third v. Dudenhoeffer, in which employees sued because their ESOP administrators invested in a way that caused them to lose money. In this case, the administrators, or “fiduciaries,” had invested the employees’ money in the employer’s own stock even though they knew (according to the plaintiffs) that …

IBM Halts Practice of Disclosing Ages of Fired Workers

Posted on 05/12/2014 by |Money and Work | Comments

Bulletin Today | WorkAt IBM, older workers who believe they were fired because of their age may have a harder time proving their claim under a new company policy, Bloomberg News reports. The New York-based tech company is no longer providing fired workers over age 40 with the ages and job titles of other older workers dismissed in a group layoff, the report said. That disclosure is important because it helps fired employees assess whether IBM has potentially demonstrated a pattern of age discrimination …