Significance
The Vivien decision provided the legal framework for many similar suits filed by employees of companies such as AOL Time Warner, Reliant Energy, Cardinal Health, Tyco International, Merck, and Dell. In the wake of these suits, many major companies have begun to restructure their 401(k) plans, eliminating the requirement to own company stock.
Read more about this topic: Vivien V. Worldcom
Famous quotes containing the word significance:
“History is the interpretation of the significance that the past has for us.”
—Johan Huizinga (1872–1945)
“I am not afraid that I shall exaggerate the value and significance of life, but that I shall not be up to the occasion which it is.”
—Henry David Thoreau (1817–1862)
“For a parent, it’s hard to recognize the significance of your work when you’re immersed in the mundane details. Few of us, as we run the bath water or spread the peanut butter on the bread, proclaim proudly, “I’m making my contribution to the future of the planet.” But with the exception of global hunger, few jobs in the world of paychecks and promotions compare in significance to the job of parent.”
—Joyce Maynard (20th century)