LTV, manufacturer of aircraft and aircraft-related electronic devices, has at times borrowed heavily to finance operations. Often ITV is able to earn operating income much higher than its interest expense and is therefore quite profitable. However, when the business cycle turns down, LTV's debt burden has pushed the company to the brink of bankruptcy. Operating income is sometimes less than interest expense. Required Is it unethical for managers to saddle a company with a high level of debt? Or is it just risky? Who can get hurt when a company takes on too much debt? Discuss.