LEADERSHIP & STRATEGY
companies are voluntarily cutting executive pay as a gesture rather than for anything permanent , “ countries have adopted policies of late to ‘ flatten the curve ’ with respect to COVID-19 . It may be that when the COVID-19 nightmare is over , these same countries may take the concept of ‘ flattening the curve ’ on board and apply it to executive pay .”
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RECOVERY
What is a U-shaped recovery ? A U-shaped recovery is defined as a type of economic recession and recovery that forms a U shape when charted . The shape is said to occur when “ the economy experiences a sharp decline in these metrics without a clearly defined trough but instead a period of stagnation followed by a relatively healthy rise back to its previous peak .”
What is a V-shaped recovery ? A V-shaped recovery is also defined as a type of economic recession and recovery however , this type resembles a V shape when charted . “ A V-shaped recovery involves a sharp rise back to a previous peak after a sharp decline in these metrics .”
What is a L-shaped recovery ? An L-shaped recovery is defined as a type of “ slow rate of recovery , with persistent unemployment and stagnant economic growth . L-shaped recoveries occur following an economic recession ,” but without a corresponding steep recovery , depicting an L shape when charted .
FEBRUARY 2021