about the compensation of executive officers and other top executives of American public companies have reached fever pitch since the financial crisis and economic meltdown recently. Some observers blame the recent recession in part on the unsound compensation arrangements for the top management of major financial institutions. For almost 20 years, a growing reprise of voices—including some shareholders, the business media, policymakers, and academics—have been criticizing the way top managers are paid
been used by economists to explain executive pay. Both executives and shareholders may have divergent interests and risk profiles under agency theory. For instance, executives view their interest in profits as a bonus in contrast to shareholders that consider their interest to be dividends and capital gains. With divergent interests, executives may prefer to avoid risking company assets or resources to protect their jobs. That is, a risk that fails can put executives out of a job while shareholders
Sales Manager: Will be responsible for planning, developing, implementing, and evaluating advertising, merchandising, and trade show promotion programs; developing field sales action plans, and creating and maintaining online presence, including social media action plan, website and e-commerce capabilities. Will develop and evaluate retail sales opportunities in natural food stores, coffee house partners, boutique retailers, day spas and hotels. Works closely with CEO and Operations Manager to make
Abstract The primary focus of this paper is to determine what factors play a role in defining compensations for the highest position in Fortune 100 companies, the chief executive officer (CEO). This paper perceives the hypothesis that women CEOs have a lower compensation than men. This study expands research by integrating variables that had not been brought to light in prior literature as well as renewing the findings of Jordan, Clark, and Waldron (2007). This paper uses cross-section data from
Introduction It is a well-known fact that huge sums of money is made by many executives holding high positions in companies. In the United States, it has become a debatable issue as many CEOs are making abnormally more than other employees in the same firm. Some say that they do not deserve the amount of money that they are paid. The people arguing this way feel that for the amount of work that is done by these executives, their compensation is simply too high. They also believe that these overpaid CEOs often
closely linked which is known as “Integrative Linkage”. Figure 3: Linkages of Strategic Planning and HRM Source: Adapted from Noe et al. 2015 In integrative linkage, mostly the HRM executive will be part of strategic planning. This is dynamic and continuous interaction instead of sequential. The HRM executive will be giving human resource capabilities to the strategic planner. As discussed earlier, Mobileum is currently following administrative linkage which is the lowest level of linkage between
Imagine being in a world where people are paid in cash bonuses, stock options, or generous severance pay when fired from their job due to a company merger, are asked to leave, or choose to retire. This happens to be a reality for many CEO’s and top executives of companies. We live in an economy where mergers and take over’s have become common, and to allow this option for the highest paid employees of a company is arguably unfair. While researching golden parachutes, I formed questions due to the
In the midst of the current economic downturn, dubbed the “Great Recession”, it is natural to look for one, singular entity or person to blame. Managers of large banks, professional investors and federal regulators have all been named as potential creators of the recession, with varying degrees of guilt. No matter who is to blame, the fallout from the mistakes that were made that led to the current crisis is clear. According to the Bureau of Labor Statistics, the current unemployment rate is 9
information and supported us. Executive Summary We know that there are four basic management functions- planning, organizing, leading and controlling. If a company wants to run their business well than the manager should perform certain activities or duties as they efficiently and effectively coordinate the work of others. To do this a manager should obey the basic management functions. Here we do a research in Eastern Bank about
THE RELATIONSHIP BETWEEN EXECUTIVE COMPENSATION AND FIRM PERFORMANCE IN KENYAN BANKING INDUSTRY Dr. Josiah Aduda, jaduda@uonbi.ac.ke, Lecturer and chairman, department of Finance and Accounting, School of Business, University of Nairobi, Kenya and Leonard Musyoka, University of Nairobi Abstract Economic theory of executive pay has focused on the design of optimal compensation schemes to align the interests of hired managers and shareholders. Agency theory has identified