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bankruptcy and corporate ethics

Continental Airlines once filed for bankruptcy, at least in part, as a means of reducing labor costs. Whether this move was ethical or proper was hotly debated. Give both sides of the argument.

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This move is ethical due to the fact that the alternative to this would have been to shut down because they could not keep up with their expenses. This would have led to much more serious consequences such as ...

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Continental Airlines once filed for bankruptcy, at least in part, as a means of reducing labor costs. Whether this move was ethical or proper was hotly debated. Give both sides of the argument.

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