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Had the airline been more precise with its employees and stated that it regarded the stock option as a different form of paycheck, perhaps my friend wouldn’t feel so resentful. The airline overstated the scope of the partnership and inflated employees’ expectations. A similar proposal may backfire in the future. The next time the labor [...]

Fund flows measure the amount of money that comes into or leaves the open-ended mutual funds during a given period. Coupon payments are not included. The flows of pension funds, hedge funds and insurance companies are not tracked in this number. Nevertheless, there is a high correlation between high-yield market total returns and mutual fund [...]