The Open Ethics Journal

2009, 3 : 71-75
Published online 2009 August 06. DOI: 10.2174/1874761200903010071
Publisher ID: TOJ-3-71

The Economic Crisis, Employees, and Executives: Who Wins? Who Loses?

William J. Heisler
Sorrell College of Business, Troy University, USA

ABSTRACT

This article explores the effects of the current economic crisis from the perspective of who wins and who loses among employees and executives. While both executives and employees have suffered financially from this recession, employee losses are disproportionately more profound and are likely to have more lasting impact than losses experienced by executives. In a number of instances, executive losses may be more apparent than real.

Keywords:

Executive compensation, pay equity, economic crisis.