FloraCraft owner Lee Schoenherr told his 200 plus employees in 2018 that he was giving each full-time

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FloraCraft owner Lee Schoenherr told his 200 plus employees in 2018 that he was giving each full-time worker an average bonus of about $20,000 (nearly $4 million in total) to thank them for their work. FloraCraft is a family-owned maker of foam products for the craft and floral industries. Founded in 1946 and headquartered in Michigan, Floracraft has never laid off an employee.


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United States Senator Elizabeth Warren (D - MA), in 2018, introduced the Accountable Capitalism Act, which would require corporate directors to consider all stakeholders, not just shareholders, in making decisions. Warren argued that corporations historically had considered their obligations to workers, community, and others, but recently she thinks they have come to focus exclusively on shareholders. Would you support Warren’s bill? Explain.

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Law Business And Society

ISBN: 9781260247794

13th Edition

Authors: Tony McAdams, Kiren Dosanjh Zucker, Kristofer Neslund, Kari Smoker

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