Here is the synopsis of our sample research paper on EXECUTIVES AND PERKS IN FINANCIALLY TROUBLED COMPANIES: AN EXAMINATION. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 12-page paper examines the fairness and equity of CEOs and CFOs and other executive staff that receives perks when a company is experiencing financial trouble. Bibliography lists 4 sources.
Page Count:
12 pages (~225 words per page)
File: D0_MTcorpperk.rtf
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Unformatted sample text from the term paper:
always be those in the world who have more wealth and more ability to attain that wealth than others. This is the issue in most mammalian hierarchies, and humankind isnt
much different. What humans have, however, is the ability to reason. And what tends to escape most people is why, in a
time of a recession, when companies consistently re-engineer workforces and lay off workers, that executives continue to receive executive compensation and corporate perks.
In 2003, Texas-based American Airlines was on the brink of bankruptcy. The international company was seeing its competition heading into serious financial trouble in the wake of 9/11. As
revenues declined and costs continued going up, American turned frantically to its unions, asking its members to do what they could to help save the carrier from an almost certain
bankruptcy. The unions cooperated, agreeing to ratify six-year concession contracts that would cut back on union concessions. But imagine the absolute fury
of these workers, as word leaked out just a few weeks later that American still planned to compensate its top executives, including retention bonuses. Realizing the huge blunder, American Airlines
then CEO Don Carty apologized to the unions, explaining he had erred in not telling unions about the executive compensation packages before union members voted on concessions. The scandal ultimately
forced Cartys resignation, though Gerald Arpey, Cartys successor, has had similar problems. While the American Airlines example is an extreme one --
very few corporations are going to be so stupid as to beg for concessions from workers on one end, then blithely go ahead and reward higher-ups with executive compensation on
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