Marketplace Morning Report for Monday August 18, 2014
The California legislature is debating a bill that would make it harder for franchise companies to cancel contracts with their franchisees. The idea of strengthening individual franchise holders is supported by labor, which thinks it will empower franchise holders to make their own improvements to pay scales. Plus, when the Clippers deal is done, what has been accomplished? The NBA has a $2 billion valuation for a franchise, it has another billionaire owner, the Sterlings each take away $1 billion.