Research executive compensation packages. Do you believe these compensation packages are excessive? Explain.
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- In what way can Compensation and bonus policies significantly impact an Investment Advisor's ethical decision-making?.What are some of the pros and cons of using stockoptions to compensate managers?Explain and give an example as to how a manager can manipulate the return on investment figure in the short run. Why are these manipulations bad for the company in the long run? Suggest some alternative performance evaluation and compensation schemes.
- Which one of the projects should Ms. Balsam recommend to the CFO based on your results in section (a). You need to justify your recommendation and also to explain why some or all of the measures (i.e., NPV, IRR & Payback) are inappropriate.What is the uses and fucntions of Executive Performance Measures and Compensation?What effect did the change in the bonus plan have on each manager’s behavior? Did the new bonus plan achieve what Mendez wanted? What changes, if any, would you make to the new bonus plan?
- Consider variance analysis in a service industry. Is it a good thing to use or a bad thing to use? Why? What good behaviors could it encourage? What bad behaviors might it encourage? Consider a service industry you are familiar with or something like a call center or tax practice in your discussion.Why might a manager exhibit a behavioral tendency to inappropriately consider sunk costs in making a decision?Why is the contribution margin an important concept forincremental decision making?
- Why do you think CFOs tend to look at strategic concerns before they look at the NPV of a project? If value creation means choosing projects with a positive NPV, what does strategic analysis achieve?If you wanted to introduce a new program into your institution utilizing a financial case to support it, which option would you choose, increased revenue ,or reduced cost? Why?Would you prefer the use of bottom-up or top-down budgeting for project cost control? What are the advantages and disadvantages associated with each approach?
