As a Japanese expatriate in charge of US operations of Yamakawa Corporation, you scratch your head when confronting a difficult decision: Cut salaries across the board or cut jobs when dealing with the horrific post$-$COVID economic downturn with major losses? Headquarters in Osaka has advised that earnings at home are bad and that you cannot expect headquarters to bail out your operations. Too bad US government bailouts are only good for US$-$owned firms and are thus irrelevant for your unit, what is $100\%$ owned by the Japanese parent company?