Business Attire

About twelve thousand high school students from different schools in the United States gathered at Louisville for the 64th annual career conference organized by the Distributive Education Clubs of America (DECA). DECA is an organization that promotes marketing, entrepreneurship and business management for aspiring students.

The participants brought with them their visual presentations and written reports and were wearing their business attire to get a feel of how their future is going to be where they will tackle issues such as business profits and stock market.

The male students wore new ties and freshly ironed polos and tuxedo while the female students wore blouses and business skirts. They have been instructed beforehand to abide with the dress code or they’ll be sent back to their hotels to change.

The event was a huge success which started on Saturday at the Kentucky Fair and Exposition Center.

The chief executive of business clothing giant Abercrombie & Fitch received $ 4.2 million to reduce his personal use of the company’s jet.

The company changed the contract of CEO Mike Jeffries in order for him to limit the use of the jet to $200,000 worth of travels per year. If he goes beyond the amount, he would need to reimburse the company.

The move was made in order to reduce executive perks.

In 2008, Jeffries accounted more than a million dollars worth for the use of the company jet. At that time, he had unlimited use of the plane. The average annual cost of his travel using the plan ran at $850,000.

Jeffries said that he will repay part of the $4 million should he leave the company before February 1, 2014.