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Oregon reaches settlement with defunct Typhoon restaurants

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Friday, August 10, 2012

State labor regulators reached a $100,000 settlement with defunct restaurant chain Typhoon.

Oregon Labor Commissioner Brad Avakian signed the agreement in mid-June. His Bureau of Labor and Industries postponed formally announcing the deal while it received payment from Typhoon's insurer, First Mercury Insurance, and developed a process for handling claims, spokesman Bob Estabrook said.

The settlement amount is a far cry from the more than $2 million in damages that Avakian's bureau indicated it would seek in December when it formally charged the chain following its 8-month investigation.

Read more at OregonLive.com.

{biztweet}oregon typhoon{/biztweet}

 

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There’s a fascinating article in the December issue of the Harvard Business Review about a profound power shift taking place in business and society. It’s a long read, but the gist revolves around the tension between “old power” and “new power” as a driver of transformation. Here’s an excerpt:

Old power works like a currency. It is held by few. Once gained, it is jealously guarded, and the powerful have a substantial store of it to spend. It is closed, inaccessible, and leader-driven. It downloads, and it captures.

New power operates differently, like a current. It is made by many. It is open, participatory, and peer-driven. It uploads, and it distributes. Like water or electricity, it’s most forceful when it surges. The goal with new power is not to hoard it but to channel it.

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