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The corporation's CEO has asked the budget committee to consider five new spending items which would account for 40% of the new $100,000,000 that is
The corporation's CEO has asked the budget committee to consider five new spending items which would account for 40% of the "new" $100,000,000 that is available this year.She proposes to spend a total of $40,000,000 on five specific things.Here are the five proposed items which the committee will have to approve or reject:
- Fund a 6% raise for all employees in the firm. Cost:$12,500,000.
- Fund an additional 6% raise (for a total of 12%) for "key employees" who have driven profits in defined ways. These workers are mostly executives, scientists, and top salespeople.Cost:$2,500,000.
- Fund a modernization of your factories that will reduce emissions. The changes would go beyond what is required by environmental laws.Cost:$20,000,000.
- Expand funding for a "community support fund" that the company has used for many years to benefit local charities in the cities in which it operates.Cost:$2,500,000.
- Increase the company's donation to a national social justice organization that the company has supported at a lower level for the past two years. Cost:$2,500,000.
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