3. What is antitrust? 2 Sections of Definition Section 1: Every contract, combination, or conspiracy that restricts free trade is illegal
4. What does this mean? Everyone likes choices Nobody wants to be forced to only have to deal with one company or brand
5. Antitrust continued Section 2: Every person who monopolizes, attempts to monopolize, combines, or conspires with any other person to monopolize any part of interstate or foreign commerce is guilty of a felony =
6. In Other words… It’s ok to be a large corporation and offer a lot of products, but the large company can’t keep buying up smaller companies Large companies can’t just join forces – they have to go through court to make sure it is not a monopoly
7. Why is antitrust important? Choices With choices comes different prices, designs, etc. Helps restrict forcing consumers into something they don’t want
9. What are they? Contracts that results from collective bargaining negotiations in which employees through their union and employers through a management negotiating team negotiate over mandatory subjects of bargaining
10. What does that mean? Collective Bargaining Agreements are contracts which represent one round of bargaining negotiations between employer (management) & employees (union) The two sides work together and compromise and negotiate these contracts that include the mandatory subjects
11. Mandatory subjects of collective bargaining Items that are “plainly germane to the ‘working environment’ and not those ‘managerial decisions which lie at the core of entrepreneurial control” – (Ford Motor Co. v. NLRB at 498, 1979)
13. Hours The Mandatory Subject of Hours includes: Any time spent at work In Professional Sport: Training Camp Practices Season Schedule Number of Games
14. Wages The Mandatory Subject of Wagesincludes: Salaries Bonuses Severance Termination Pay Fringe benefits: life or disability insurance, health coverage, and practically anything else with monetary value
15. Terms & Conditions of employment The Mandatory Subject of Terms & Conditions includes: Remaining provisions in an employer’s work life Seniority Medical Issues Grievance arbitration provisions Drug-Testing Provisions Safety Concerns
16. Provisions that affect more than one mandatory subject The Draft: Affects mandatory subject of wages – what team the player is drafted to and how vital to the team they are affects salary Affects terms & conditions – the geographical location of the team and playing time
Notas del editor
We have choices we can go wherever we want..butSprint, AT&T, Verizon all got together..can’t shop anywhere else..may have different names but in background it’s all same company..different prices, designs,
Can’t buy up smaller companies…can offer a lot of products and be a big corporation…NBC/Comcast had to go to court..had to see if what was happening was considered a monopoly..people can’t just agree to join forces, has to go through court to make sure it’s not turning something into a monopoly