Review the "Last Word: Are Chief Executive Officers (CEOs) Overpaid?" (See attachment). Discuss your thoughts on whether CEOs' exceptionally high pay is economically justified. Explain your rationale. Additional references can be used, aside from the attachment.
McConnell, C. R., Brue, S. L., & Flynn, S. M. (2012). Economics (19th ed.). New York, NY: McGraw-Hill.
In corporate America, the CEO represents the company and is the most important figure in the hierarchy. If business was a professional sports team, the CEO would be the companies Tom Brady or Peyton Manning or the Michael Jordon who is expected to outplay his teammates and his opponents and win championships. In the corporate world, those championships are not trophies; those championships represent increased stock prices worth billions of dollars.
The article represents two schools of thought on CEO pay; the affirmative thinker who believes that CEO pay is accurate for the requirements of the position and the critic who sees CEO pay as being an unbalanced system that unfairly rewards one team member much more handsomely than all the other members who contributed to the successes (McConnell, et al., 2012).
The other interesting factor in this article is that the author's tone is neutral and remains somewhat vague on the underlying factors for why people agree or disagree with CEO compensation ranges. This article simply gets the conversation started but adds not finality to the situation. So, as a reader, one has to use other resources ...
... The executive team instead wanted to provide a fair ... This is a discussion of Human Resources Management concepts including compensation and motivation ...
... to Mr. Petrie, both "were positive there was no discussion about a GM ... or committee as designated by the Board of Directors or Executive Compensation Committee. ...
... a very good job at bringing executive compensation to the forefront, and provides intriguing insight into much of the debate and discussion surrounding this ...
... Refresh your memory on key issues by re-reading the discussion on 'Bonus ... a) What has been the compensation of CEOs relative to their 'line ... Why? Ceo's pay has... ...
... Best wishes! A discussion of the role of government in determining executive compensation in private business. CHAPTER 3. Corporate Governance. ...
... in the industry (Compensation and Management Development Committee Report on Executive Compensation, 2007). //In the next section of the discussion paper, the ...
... _ An annual discussion of performance that occurs between the ... incumbents' pay and other causes of wage compression ... beginning at the top, with the CEO, owner or ...
... The next section of the discussion is including ... The company's balanced approach towards the executive. ... judged from its steps like increasing the salary of its ...
... on the Compensation Committee's processes and procedures for consideration of executive compensation are addressed in the Compensation Discussion and Analysis ...
