Donald Carty, the prior CEO of American Airlines, wrestled approximately $1 billion in concessions from the labor union to keep American Airlines from going bankrupt.Unfortunately, Carty had to resign due to his inappropriate use of power reflected by:
A) taking more than $240 million, which he spent on art, houses, and yachts
B) expanding into a variety of other businesses that were not profitable
C) using company funds for a $2 million party for his wife
D) providing special pension trust funding and huge retention bonuses for executives
Correct Answer:
Verified
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