Economic opinion Essay Example | Topics and Well Written Essays - 750 words

Economic opinion - Essay Example In the book it is concluded that owners of private equity reduce more jobs than the other firms, however, the net impact is minimal and following a private company taking over a firm, it their people who take over as directors who fare bad in terms of retention of jobs. Also according to the book, research shows that wages decrease in a span of two years following the private-equity buyouts even though there is an increase in productivity. This proposes that financial profits from high output are being changed into returns for owners instead of salary hits for the workers. Also, whereas some private-equity companies market themselves to be union friendly, some are unfriendly and still others are opposed (Weber 1). According to the authors of the book cited in the article, there are a number of things that distinguish the private-equity companies from those that are traded publicly. One is that such companies have great amounts of debts. Approximately, privately equity companies run with approximately 70 percent debt and 30 percent equity. This ratio is basically reversed by the public firms which has approximately 30 percent of to their capital from bonds, as well as other liabilities (Weber 1). The article also states that whereas the inventors in the public companies are mostly distinct from those who manage the company, the private-equity owners are the ones who manage the companies despite being the investors. This builds incentives for the owners manage the operational decisions for the short-term profits to the owners. Partly owing to this, the private-equity companies are most expected to file for liquidation as compared to the public companies, which result to notable loss of jobs at the individual firms (Weber 1). Private equity as a type of organization has its basis in venture capital. The type that is most common is the leveraged buyout (LBO) and this is the one that is under challenge. The

Family Relationships Essay Example | Topics and Well Written Essays - 750 words

Family Relationships - Essay Example Willy the protagonist is discussed to depict how his self deception and disillusionment have affected his family. He represents the dysfunctional family. Miller has designed a family, which is stretched to breaking point by pressures of a speedily varying environment. The way they relate among themselves determines their identity, what they aspire to be and their inability to reconcile the two. Strangely, his fixation with the exterior traits of charm and likeability is at probability with a grittier, more gratifying considerate of the American dream which recognizes the hard work without complaint as the key to success (1.243). The Loman family is based on false values that distort the American dream and Lead to an existence of a dysfunctional family. Willy’s life is symbolic of many family relationships. Miller depicts him as a salesperson but does not specify which products Willy deals with. This is so because Willy is nobody in particular but a representative of everyone i n society. Relationship between Willy and Linda The relationship of Willy and his wife Linda is not the most ideal of relationships. Linda seems to be more sensitive than her husband in viewing life challenges. Linda is loyal and devoted to her husband, but Willy succumbs to temptations and cheats on her. She tries hard to protect her husband but ends up causing him more harm than Help. It is because of her ineffective attempt to protect Willy that she allows his death. She neglects Willy as seen when he brags about the grosshe had in Boston and providence. As Linda calculates his commission but she does not confront him (2.188). Relationship between Willy and His Children Willy enjoyed a health and exciting relationship in the past with his sons but later on, the relationship deteriorates tremendously because of his lies and neglect of family. The father and child affiliation between Willy and his son Biff is edgy.this starts from an incident that happened years ago, when Biff disc overed him in a hotel room with a woman, which made Biff lose respect for his father. Biff and his father collide when biff seeks assistance from his father. Wily appears have been in an affair in a hotel room. When Biff shows up to see if his father will help him and finds another woman in his father’s room, his world is crashed, he feels destroyed and betrayed’ Biff is hurt and disappointed in his father’s infidelity that he chooses to leave schooling without graduating from college. In the incident, Willy becomes defensive and tries to convince Biff in vain that, nothing happened but it makes nothing better. In some way, Willy’s lies destroys Biffs’ future, as from then on Biff always changes jobs, but finds no success in any. Linda and Happy are not aware, and they do not understand the rift between them. This causes a further wedge in the family relationships. Another rift that strains the affiliation amid Biff and his father occurs because bi ff blames his father for the superiority complex he instilled in them while they were young. He tells his father that because he made him full of himself, it became had for him to take orders from others. Conversely, the rapport between Happy and father is neither badly off nor much better. In Willy’s life Happy has always been second in his affection. He constantly praises Biff before Happy and this seriously Affects Happy life and his family