Employers have stakes in the nature of the employee that they hire and their relevance in the attainment of the overall goals of the organization. Employers focus on the employees that have the most desirable aspects and the ones that will lead to the attainment of the highest level of benefits to the company (Holland & Burnett, 2007).
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The Case between SEC v. Bank of America rose out of the allegation made by the SEC against Bank of America in regards to the acquisition of Merill Lynch & Co. The SEC alleged that the Bank of America had illegally filed proxy statements that were misleading.