RUNNING HEAD: chief operating officer requital: Is it to a fault a lot? chief executive officer Salary: Is it too more than(prenominal)? ECO 308: Economics for f atomic number 18rs Prof. Robert Watson CEO Salary: Is it too much? Executive salary has surface under dismission in light of the massive incorporated bailout. While galore(postnominal) people knew that executives received higher than modal(a) salaries, they had no idea how much there compensation packages in truth were. This brings up an provoke debate of whether or not CEOs are all over paid in the States? Comparing and contrasting the positive(p) and negative effects of extortionate CEO salary a better determination ro office be made regarding whether or not CEOs are really over paid in America. It is true that corporate greed origin in 2001 with Enron has not moreover brought about changes but has likewise left an awful savouring in the mouths of the regular American. disdain the public fall of Enron and Bernie Madoff, consequently General electric auto CEO, Jack Welch, disclosed during his divorce minutes that his retirement package included a Manhattan apartment and use of the corporate jet, a packaged that was apprised at 2.5 one million million dollars and a retirement salary of 8 million. Did such a prissy pension equal the honor added to General voltaic during his tenure? During Mr.
Welchs tenure at General Electric lineage in 1981 the club had a market value of $14 billion and at the end of 2004, when Jack retired, the company was worth more than $410 billion. mess magazine name him the Man age of the Century. Fortune Magazine (199! 9) points out that Mr. Welch, in addition to his version of GE, he has made himself far and away the most authoritative autobus of his generation. As the most widely admired, studied, and imitated CEO of his time, Welch has enriched not tho GEs shareholders but also the shareholders of companies around the globe. His total frugal touch on is impossible to calculate but must be nearly staggering multiple of GE performance (p. 9). With this much value added and turning...If you want to get a full essay, revisal it on our website: BestEssayCheap.com
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