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The paper explores the arguments for and against high executive compensation. The paper then suggests possible solutions that may be implemented to curb excessively high executive compensation. The paper does not favor one specific option, but strongly pushes for an effective system to determine executive compensation so as to restore a sense of fairness and trust in the corporate system.
From the Paper:"Imagine what you could do if you won a million dollars; images of fancy cars and nice vacations will run through your mind. The average salaries of the CEO's in the US according to The American Federation of Labor and Congress of Industrial Organizations website is $14.2M. So for them it's like winning a lottery every year, in fact it's like winning several lotteries every single year supposedly at the expense of the shareholders. So is that a fair comparison? After all, they are under the pressure of running billion dollar companies, while turning in profits and keeping all stake holders from the shareholders, to the creditors and the employees happy at the same time. So if they don't deserve $14M salaries... then who does?"
Sample of Sources Used:
- Frank, Robert H. "Why Big Paydays Aren't All Bad.(executive wages and salaries)." Newsweek 153.13 (March 30, 2009): 27. Academic OneFile. Gale. University of Minnesota Duluth. 31 Mar. 2009 <http://find.galegroup.com/itx/start.do?prodId=AONE>.
- Icahn, Carl. "END THE REIGN OF ERROR." Forbes 183.5 (16 Mar. 2009): 29-29. Academic Search Premier. EBSCO. [Library name], [City], [State abbreviation]. 31 Mar. 2009 <https://login.libpdb.d.umn.edu:2443/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=aph&AN=36792856&site=ehost-live>.
- Hall, Steven, and Pearl Meyer.. "Executive Pay Caps: Proceed with Caution." Business Week Online (23 Feb. 2009): 11-11. Academic Search Premier. EBSCO. [Library name], [City], [State abbreviation]. 31 Mar. 2009 <https://login.libpdb.d.umn.edu:2443/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=aph&AN=36806075&site=ehost-live>.
- Mishel, Bernstein, and Allegretto, The State of the Working American 2006/07. Economic Policy Institute. www.epi.org. 25 March 2009
- 2008 Executive PayWatch, The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO). http://www.aflcio.org/corporatewatch/paywatch/. 25 March 2009
Cite this Analytical Essay:
Executive Compensation (2010, October 13) Retrieved September 22, 2019, from https://www.academon.com/analytical-essay/executive-compensation-144868/
"Executive Compensation" 13 October 2010. Web. 22 September. 2019. <https://www.academon.com/analytical-essay/executive-compensation-144868/>