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03

Saddling High Levels of Debt

   
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Title: Saddling High Levels of Debt
 
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Subject: Miscellaneous
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Date: January 2, 2003
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Length: 2 / 515
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It is unethical for the managers to take so much risk when they know that the chance of them losing their jobs or being affected in any form is very low. In conclusion, even though taking a lot of debt means more money is spent on research and development, and hence better products for the consumers in the long run (provided that the economy will be stable for a long period of time), I do not approve of what the managers of Ling-Temco-Vought, Inc are doing...
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Once the economy slows down, the managers themselves are highly unlikely to be affected, people at the lower end of the scale are the ones greatly affected?there is a high chance that many of them they will lose their jobs. Also many investors and financial institutions that invested in the company are going to lose a lot of money...
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