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We show that the relative seniority of debt and managerial compensation has important implications for the design of remuneration contracts.
For pilots, relative seniority is paramount in mergers, and it appears Delta pilots may be only slightly junior, on average, to United's pilots.
They were ranked in a definite genealogical order according to their relative seniority, and, in the course of filling the highest posts in his army and administration, the tsar had to consider not so much the candidate's personal merits as his genealogical seniority as defined by earlier precedents.
In addition to other factors, such as economic status and position in a business hierarchy, age and marital status are among the determinants of relative seniority, and there is some expectation that even between social acquaintances these factors especially age will influence relations.
His relative seniority, and Pierce's election, increased his influence.
Because of some sensitivities concerning the relative seniority of Berryman and Major General George Alan Vasey, Blamey placed Vasey's 7th Division directly under Morshead's command.
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In other words, the relative degree of seniority of managers' claims and creditors' claims in case a bankruptcy procedure starts is crucial to determine the optimal incentive contract ex-ante.
Sometimes the risk might be that you stay within the same company and relative level of seniority, but move to a different function or discipline.
His relative lack of seniority did not afford him much influence.
His relative lack of seniority has left Cattabiani a possible target of the impending staff cuts, leaving him sleepless some nights and his wife occasionally in tears.
The full questionnaire consisted of four demographic questions (sex, familiarity with game theory, career stage and perceived relative position in the group seniority hierarchy) and fourteen network questions.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com