Top 10 Ceo in the World

b) We have just found the average measurements of the desks of the governors and CEOs in major US corporations. We also found the spread of the data.

The other top 5 paid officers excluding the CEO are the; Chief Financial Officer (CFO), Chief Operating Officer (COO), Chief Customer Officer

In “The Overpaid CEO” Susan Homberg and Mark Schmitt bring to attention how CEO pay in America is ridiculous in numbers as opposed to other parts of the world. Looking back, in the nineteen hundreds CEO pay was relativity average. As businesses and companies began to expand there was a demand for higher pay. Between 1978-2012 CEO pay increased by 875%! Many rules and regulations were put in to place to limit the pay of a CEO, such as the Securities Exchange Act that I will explain later on, regardless CEO pay kept getting higher and higher as many loopholes were found. Bonuses pay a large part in the salaries of CEOS’, as an effect CEOS’ tend to partake in risky behavior in order to score those big paychecks.

A way to counteract the Principal Agent problem would be to increase the liability that the CEO has in the company. If the CEO were not strictly paid on a salary but rather by the performance of the company then the CEO would be better benefited by the success of the company. There are many companies that have realized that and have implemented it into their CEO compensation packages. In an article by Tim Worstall he explains that Apple has taken measures to counteract any possibilities for the CEO to act his/her own personal interest and not of the shareholders or companies interests. Instead of the CEO being compensated for successfully reaching a target set by the Board of Directors, Apple makes the CEO substantially invested in the company, executive officers must own three times their base salary in Apple’s stock (2013). This means that the CEO is now heavily invested in the company and a shareholder, so

a. Support: At forbes.com last accessed in September 2013, states that Bill Gates is the wealthiest man in America and his current net worth is 72 billion and is considered to be number 6 of the most powerful people.

Apple is a company that everyone in the world knows about today, and most people own at least one Apple product, but Apple did not start out as a huge company. It started out with Steve Jobs and Steve Wozniak working on computers in the garage of Steve Jobs. Jobs and Wozniak

Executive Compensation. I’m in agreement with Thomas Piketty that the one cause of rising inequality in the United States “the rise of supersalaries” for top executives (Piketty & Goldhammer, 2014, p. 298). The average American estimates CEO to worker pay ratio at about 30-to-1, which is more than 4 times what they believe to be ideal. The career review site Glassdoor reported from 2014 data that the average pay ratio of CEO to median worker was 204-to-1 and that at the top of the list, four CEOs earn more than 1,000 times the salary of their median worker with the very top pay ratio of 1,951-to-1. In some cases a CEO makes in one-hour what it takes the average employee six-months to earn. In comparison, the Washington Post reported for the

Born and raised from a humble background, Anthony Petrello has risen to become one of the best paid CEOs in America. Unlike others who have been brought up in well-established families, Tony has fought his way up to success since he was born in Newark, New Jersey. When he worked with natural gas and drilling company, Nabors Industries Ltd in 2014, Tony was the best paid CEO in the United States earning $62 million during his tenure. His humbleness and hard work helped him achieve the earnings. He first joined the Board of Directors and the executive at Nabors in 1991.Between 1991 and October 2011, he served as the Chief Operating Officer at Nabors. In October 2011, he became the CEO of Nabors Industries.

I chose three jobs of COO (Chief Operating Officer), HRIS (Human Resource Information Systems) Manager, and Customer Service Representative, and I studied these three jobs’ salary in Boston MA. COO is paid the highest, its median annual salary is $455,864. Then is HRIS Manager with a median annual salary of $113,583. Customer Service Representative gets the lowest payment, $35,250 as a median annual salary. This rank is exact what I expected, because COO requires much higher educational level and years of experience than the other two, and Customer Service Representative is only an entry level job.

Based on the data available between 2006 and 2013, the CEO’s annual salary is around $5.8 million compared to $42,000 to the average employee.

Number Ten: The company pays its workers pretty well. The average hourly rate was at $18 in 2013, while the mean annual wage was set at $40,000. The executives’ pay is capped at 19 times the average worker’s pay. This means that they cannot earn more than 19 times the average

Take severance packages for example. When the average employee in no longer benefitting the company, chances are they will be let go. Besides a final paycheck for hours worked and the possibility of unemployment collection, they do not receive anything else from the company. When a CEO is no longer performing up to standards, they are forced to resign but walk away with much more than a final paycheck. Chuck Prince of Citigroup was shown the door after the company lost $64 billion in market value, yet he left with $68 million and a cash bonus of $12.5 million (Nickels, McHugh & McHugh, 2010). Not only are CEOs paid a substantial amount more for their work, they are paid a substantial amount more to leave the company all together. In 2009, President Obama and Congress put limits on executive compensation of firms receiving money under the federal government bailout programs. The payout to CEOs leaving their companies was limited to $500,000 but it wasn’t for all companies across the board. This new limit only applied to companies who had borrowed money from the government during periods of economic downfall and hadn’t yet paid it back. Despite the decrease in monetary payout, CEOs were still allowed a decent portion of restricted stock which amounted for a fairly large payout when the stock could be sold a few years down the line.

In Peter Eavis’ article “Executive Pay: The Invasion of Supersalaries” the conflict of CEOs and top executives outrageous pay grade is discussed. Even though the “compensation machine” of Corporate America is running smoothly, there are multiple negative and dark undertones. In fact, many people believe that these shocking salaries are the roots of inequality within America. Currently, some CEOs are being compensated millions and millions of dollars as their normal annual salary. Even though the current executive compensation system focuses on performance and can “theoretically constrain pay,” there is nothing stopping the companies from giving their CEOs more. According to the Equilar 100 C.E.O Pay Study, “the median compensation of a

This report explores the issue of the pay that top executives make, and the reasons why they do. It also suggests improvements that can be made to make the system better. High Pay Seems Small When Compared To Company Profits Many companies pull in profits that are extremely high. When an employee of such a companies salary is compared to the amount of profit that the company earns, it starts to seem reasonable. It only makes sense that if the employee is directly responsible for the success of their company, then they deserve to get their payback. It seems ironic, but many salaries even look small once compared with a companies profits. Top Executives Are Under A Lot Of Pressure Being the CEO of a

Given the effect a CEO can have on a company's success, we can understand why their compensation packages