such as price fixing, bid rigging, monopolization, tying contracts. فوریه 17, 2021. question in the case is whether the monopoly in "Alcoa's" production of "virgin" ingot, secured by the two patents until 1909, and in part perpetuated between 1909 and 1912 by the unlawful practices, forbidden by the decree of 1912, continued for the ensuing twenty-eight years; and whether, if it did, it was unlawful under § 2 of the Sherman Act. The antitrust authorities will most likely: The legal cartel theory best describes the structure and economic outcomes of the: The U.S. Justice Department, the Federal Trade Commission, state attorneys general, and injured private parties can independently file charges against firms under the Sherman Act. The circuit court’s decision was based on a line of Maryland cases dealing with licensing, which is illustrated in the home improvement field principally by C. Alcoa case. Your feedback, good or bad is of great concern to us and we take it very seriously. Show transcribed image text. See all services. 31. Alcoa’s Core Values in Practice 3 One thing that stood out to me in this case was the fact that the CEO personally visited the facility in Mexico to see for himself the unethical practices being held there. Like Standard Oil the company monopolized the aluminium market through economies of scale and innovation. Pittsburgh; Alcoa; University of Phoenix • BUS 250. b. struck down the treble damages provision of the antitrust laws. فوریه 10, 2021. However, it was not broken up. Study on the go. A major criticism of industrial regulation is that: The basic issue in the DuPont cellophane case was. Hence, this word is commonly used in the pharmaceutical sector. About Us . ایمانیات و سلوک, مقالات. کتاب بینش: از الحادت دست بردار. This is a significant decrease in price. We are, therefore, constantly adjusting our policies to ensure best customer/writer experience. In one to two double-spaced pages, supported by evidence from your text and from other research, answer the following questions: How would you classify Alcoa’s ethical work climate? After a trial lasting four years, Hand wrote for the court an opinion rejecting the “rule of reason” that the Supreme Court had applied in antitrust cases since 1911. c. called for Federal regulation of any industry with a four-firm concentration ratio in excess of 50 percent. International Law > International Law Keyed to Damrosche > Chapter 11. Since its foundation, Alcoa has established a strong value- based culture, which must be adopted by all employees in the company. 1945), [1] is a landmark decision concerning United States antitrust law.Judge Learned Hand's opinion is notable for its discussion of determining the relevant market for market share analysis and — more importantly — its discussion of the circumstances under which a monopoly is guilty of monopolization under section 2 of the Sherman Antitrust Act. In which of the following cases was the firm found notguiltyof violating the Sherman Act? One American company, Alcoa, was responsible for the rise in the application of aluminum to various markets. The Company Was Originally Founded On A $20,000 Investment To Capitalize On Charles Martin Hall’s Invention To Smelt Bauxite Ore Into The Metal Known As Aluminum. November 18, 2010 By Rachel Happe. Workplace safety at alcoa case study. Reviews. 30. …  Case Study: Alcoa’s Core Values in Practice BUS250: Corporate & Social Responsibility (ABU141 April 14, 2014 The Aluminum Company of America (Alcoa) began its company in 1888 under the name of the Pittsburg Reduction Company. Which of the following is not a major criticism of social regulation? Start studying Econ Ch 4 study guide. In 2004, al l of Alcoa's invoices were fully and timely paid. Suppose that two firms in an industry with a Herfindahl index of 5,000 announce a merger. The U.S. Steel case of 1920 and the Alcoa case of 1945 dealt with which antitrust question? Alcoa Case Study – Social Business and Observable Work. merger of a firm in one industry with a firm in another industry, antitrust case brought against DuPont in which US Supreme Court ruled that while DuPont had a monopoly in narrowly defined market for cellophane, it did not monopolize the more broadly defined market for flexible pakaging materials. Price fixing is illegal under Section 1 of the Sherman Act. … as remedy the company was divided into several competing firms, requirement imposed by seller that a buyer purchase another of its products as a condition for buying a desired product, antitrust action brought by Federal gov. LEXIS 4091, 65 U.S.P.Q. See the answer. It will increase the rate of innovation in the economy. We are happy to assist you in case of any adjustments needed. agency to a corporation/ individual to stop engaging in specified pract. View more. Executive Summary Aluminum Company of America (Alcoa) is an aluminum company, originally founded in 1888 as Pittsburgh Reduction Company. stages of production of final product, Federal law of 1938 that amended Federal Trade Commission Act by prohibiting and giving the commission power to investigate unfair and deceptive acts or practices of commerce. United States v. Aluminum Co. America. This showed that Mr. O’Neil was serious and dedicated to his company core values and actively participated in the investigation. 1 Alcoa Case Study 2 July 07, 2016 Alcoa 2 Alcoa's work climate was ruled by strict ethics especially concerning the safety of Alcoa sued Stalker for $53,000 plus interest and attorneys’ fees. Question: Discussion Case: Alcoa’s Core Values In Practice Alcoa Began Under The Name Of The Pittsburgh Reduction Company In 1888, Changing Its Name To The Aluminum Company Of America (Alcoa) In 1907. In 1907, they changed their name to Alcoa and from its inception they had a very strong value based culture. Should an industry be judged by its behavior or by its structure? Case Study: Alcoa's Core Values in Practice. homework. United States v. Alcoa, 148 F.2d 416 (2d Cir. Stalker was granted a summary judgment on the ground that because Alcoa was not licensed, the series of subcontracts were illegal and could not be enforced. Or, using Professor Paine’s two distinct ethics approaches, as discussed in this chapter, was Alcoa’s approach more compliance or integrity? declared monopoly and restraints of trade to be illegal. اخیر. Antitrust Case Studies In 1945, The Alcoa Case Was Decided On The Basis Of: O Firm Behavior Market Structure Both Firm Behavior And Market Structure, Equally. 1. Microsoft case. The United States brought this civil antitrust suit alleging a violation of 7 of the Clayton Act by Aluminum Company of America's (Alcoa's) 1959 acquisition of the stock and assets of Rome Cable Corporation (Rome), and asking for divestiture. (BNA) 6, 1945 Trade Cas. Which ethical criterion, as shown in Figure 6.1, was used by the company: egoism (self-centered), benevolence (concern for others), or principles (integrity approach)? Which ethical criterion, as shown in Figure 5.1, was … 5. D. DuPont cellophane case. The president of Alcoa affirmed that Alc oa and Stalke r had done busi ness from 2004 through 2007. against the US Steel Cor. so, he incorporated this acronym in his slide. United States v. Alcoa, 148 F.2d 416 (2d Cir. industry which economies of scale are so great that a single firm can produce the product at a lower average total cost than would be possible if more than one firm produced the product, collusive actions that are violations of the antitrust laws, even if actions themselves are unsuccessful, presumption that purpose of regulation of an industry is to protest the public from abuse of power possessed by natural monopolies, rule stated and applied in US Steel case that only combo and contracts unreasonably restraining trade are subject to action under the antitrust laws and that size and possession of monopoyl power are not illegal, federal antitrust law of 1890 that makes monopoly and conspiracies to restrain trade criminal offenses, regulation which gov. CitationUnited States v. Aluminum Co. of America, 148 F.2d 416, 1945 U.S. App. The Sherman Act . is concerned w/ conditions under which goods and services are produced, physical characteristics, impact of their production on society, 1911 antitrust case which Standard Oil was found guilty of violating Sherman Act by illegally monopolizing petroleum industry. The U.S. Justice Department concludes the merger will boost the index to 5,500. Expert Answer 100% (5 ratings) Previous question Next question Transcribed Image Text from this Question. of firms, to hold hearings on complaints of such pract., to issue cease- and -desist orders when firms are found to engage in such pract. ALCOA Inc. is a commonly known company. BUS 250. Stakeholders and shareholders initially wobbled and didn’t like this approach, but one year on revenue, profits and staff engagement had rocketed. How would you classify Alcoa’s ethical work climate? The company’s core values are: Integrity, … The Alcoa case: a. supported the structuralist approach to antitrust. کتاب بینش: سکولاریسم؛ طاعون عصر (شناخت اصطلاح و افشای محتوا) تحریریه. Price fixing is considered to be a per se violation of the antitrust laws because: Tying agreements are contracts by which retailers agree to charge the prices that manufacturers set on branded goods. 1945), is a landmark decision concerning United States antitrust law.Judge Learned Hand's opinion is notable for its discussion of determining the relevant market for market share analysis and—more importantly—its discussion of the circumstances under which a monopoly is guilty of monopolization under section 2 of the Sherman Antitrust Act (CCH) P57,342 (2d Cir. an order from a court/ gov. The mere possession of monopoly power is a violation of the antitrust laws Between 1887 and 1937, the price of aluminium ingot (the primary product for the company) fell from $5 to 22 cents per pound (source: Armentano, 1986)! false (T/F) Antitrust laws in other countries are much stronger than U.S. antitrust laws. BUS 250 Week 2 Assignment Case Study Alcoa's Core Values in Practice. Aluminum Company of America (Alcoa) (defendant) was the sole producer of virgin aluminum ingot in the United States, pursuant to two patents. In addition, at the core of Alcoa's focus on safety is the reliance on integrity - doing the right thing, always. One of the sessions at the Enterprise 2.0 conference was lead by Brian Tullis and Joe Crumpler of Alcoa Fastening Systems (yes, Alcoa uses social processes and tools which means you can too…) and they spoke about how social tools make work ‘observable’ and its implications. University of Wisconsin, Milwaukee • BUS ADM 200. This problem has been solved! in which courts ruled that only unreasonable restraints of trade were illegal and that size and possession of monopoly power were not by themselves violations of antitrust laws, merger of one or more firm engaged in diff. Standard Oil case.B. A. Read theAlcoa's Core Values in PracticeDiscussion Case at the end of Chapter 5 in your text. false (T/F) The purchase of Michelin Tire Company by General Motors is an example of a horizontal merger. In the Alcoa case, which sought to examine exactly how monopolies violate anti-trust laws regarding aluminum... See full answer below. Customer Feedback. Critics of social regulation argue that it: Critics of industrial regulation say that such regulation: Social, as distinct from industrial, regulation is the major focus of the: Which of the following made monopoly and restraints of trade criminal offenses against the Federal government? This chapter uses Alcoa to tell the story of aluminum and anti-trust. merger into single firm of 2 firms producing same product and selling it to same geographic market, older and more traditional type of regulation which gov. Purchasers often distinguished between virgin ingot and secondary ingot, which was salvaged from ingot scrap. How to Brief a Case What to Expect in Class How to Outline How to Prepare for Exams 1L Course Overviews Study Tips and Helpful Hints. …of America (usually called the Alcoa case). designed to maintain its monopoly in operating systems for personal comp; as a remedy the company was prohibited from engaging in a set of specific anticompetitive business pract. نوامبر 5, 2017. ALCOA is and mnemonic device 1 Wikipedia: A mnemonic device, or memory device, is any learning technique that aids information retention or retrieval in the human memory for the elements of data quality, particularly with respect to its use as evidence of regulatory compliance. The Americans with Disabilities Act of 1990 is an example of industrial regulation. Download the iOS Download the Android app Other Related Materials. 2002 antitrust case which Microsoft was found guilty of violating the Sherman Act by engaging in series of unlawful act. private benefits and costs. All of the following are regulatory commissions dealing with social regulation (as distinct from industrial regulation) except the: The Wheeler-Lea Act prohibits corporations from purchasing the stock of competing firms. Alcoa Case Study - Duplicate focus on safety into other ethics and compliance areas. (T/F) The per se rule of reason was applied in the Alcoa case. is concerned w/ prices charged and services provided to public in specific industries, in contrast to social regulation, situation where one or more members of board of directors of a corporation are also on board of directors of competing corporation, illegal, hypothesis that some industries eek regulation or want to maintain regulation so that they may for or maintain a legal cartel. Learn vocabulary, terms, and more with flashcards, games, and other study tools. It is one of the leading companies in aluminum production. تحریریه . federal antitrust law of 1914 that strengthened the Sherman Act by making it illegal for firms to engage in certain specified pract. Defenders of social regulation point out that: In which of the following pairs of antitrust cases did the firms prevail against the antitrust charges leveled against them? When payments in 2005 became less regular , Stalker promised to pay Alcoa when a building owned by the Brothers was sold, but full paym ent was not made. 1945 case which courts ruled that possession of monopoly power, no matter how reasonably that power had been used, was a violation of antitrust laws; temporarily overturned that rule of reason applied in US Steel case, legislation that prohibits anticompetitive business act. Attempts Do No Harm: 1 6. the commission of 5 members established by federal trade commission act of 1914 to investigate unfair competitive pract. Although aluminum is quite common now, it was a very difficult metal to refine before 1888. Benefits and costs to the decision-maker, ignoring benefits and costs to third parties are called ___. The ALCOA the acronym was introduced by Stan W. Woollen ( currently Senior Compliance Advisor and Associates) in the FDA office early 1990’s. View Alcoa case study case study 2 from MGT 430 at Saint Leo University. 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