Preview

Current Event Paper

Good Essays
Open Document
Open Document
493 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Current Event Paper
Event Article 1
Chief Executive Officer
I have always wanted to be the CEO of a large company. A chief executive officer is the highest ranked officer of the business. The only person he or she has to report to is the board of directors. The CEO has to be a great communicator and has to be an awesome people person. Everything he or she does is on the higher level of the business world. After reading this article, my mind has been changed a little because of what people think about the CEO of a company.
CEO’s are the highest paid workers of the company. This article is a complaint about how high the CEO’s salaries can get up to. The main lady in this article says, “the gap is too big between the worker and the CEO” They conduct a survey every year on the pay gap between CEO and common worker. The incentive for them to work hard is rewarded by earning shares in the company they helped build. They state that “if the pay for an average production worker had increased at the same rate as the CEO pay during the 1990s, the average worker would make $110,399 and the minimum wage would be $22.08.” This would make the world a little bit different place today. The CEO Pay Targeted article was a very good and truthful article.
Martin Olav Slavo has tried to narrow the income gap for years. I would have to say I disagree with the pay. I think it is a little on the high side, but since I’ve never been a CEO, I don’t really know the stress level of the job. One of my favorite Bible verses explains how leaders are supposed to be. "A bishop then must be blameless, the husband of one wife, vigilant, sober, of good behavior, given to hospitality, apt to teach. Let the deacons be the husbands of one wife, ruling their children and their own houses well."(1 Timothy 3:2) This verse really explains how a CEO or a leader of a company should do his job. I agree with the article because CEO’s get paid too much for the little work that they do. God will provide in some form, way, or



Cited: Page for Current Event Paper # 1 * "CEO Pay Targeted (sidebar)." Issues & Controversies On File: n. pag. Issues & Controversies. Facts On File News Services, 17 Dec. 1999. Web. 23 Aug. 2012. <http://www.2facts.com/article/ib402870>. * "A bishop then must be blameless, the husband of one wife, vigilant, sober, of good behaviour, given to hospitality, apt to teach. . . . Let the deacons be the husbands of one wife, ruling their children and their own houses well." (1 Timothy 3:2, NIV)

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Jenn Is the Best

    • 363 Words
    • 2 Pages

    CEO’o o o s get paid a lot of money, just like many athletes and movie stars. There is no difference between a CEO and athlete and therefore CEO’s should not be singled out for high pay when no one really complains about athlete and movie star salaries.…

    • 363 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    MGT230 wk 2 Xerox

    • 429 Words
    • 2 Pages

    After watching the Xerox video and thinking about the characteristics for managerial decisions, made me have no envy for the CEO’s position. The typical characteristics of managerial decisions are lack of structure, uncertainty of risk, as well as conflict. In fact, the way the CEO obtained her position was full of uncertainty and I am sure there was conflict as well. The way the former CEO was forced out of office seemed to show a lack of structure with no contingency plan. There was a past scare of bankruptcy that may have future investors and employees questioning the structure of the company. The new CEO has made several positive moves for the company but is still forced to eliminate jobs to reduce costs.…

    • 429 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Current Event Paper

    • 815 Words
    • 4 Pages

    A Pakistani girl was released from a Birmingham, England hospital recently after recovering from two gunshot wounds. Malala Yousufzai, only 15 years old, was shot twice by the Taliban back in October. Malala is an advocate for girls to be educated in Pakistan, after the terrorists banned all girls from schools in her town of Swat, back in 2009. The Taliban do not tolerate people like Malala, so when she was located, she was shot. The gunshot wounds caused swelling in Malala’s skull and she became deaf when her middle ear was damaged. Doctors had to remove part of her skull so the swelling in her brain wouldn’t cause severe brain damage. Months later, when the swelling was down, doctors operated again replacing the part of her skull that was removed and adding titanium, as her head and bone fragments have changed. A cochlear device was implanted in her left ear to restore her hearing. Malala hopes to be fully recovered in a month. This terrible incident is not stopping Malala from promoting her cause. She stated, “God has given me this new life and I want to serve and I want every girl, every child to be educated.” Malala will continue rehabilitation in Birmingham, where her family is temporarily living.…

    • 815 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Because much of this gross compensation is tied to the performance of the company and the company’s stock, the CEOs’ chase after the rainbow brings benefits that spillover to many. And while CEO compensation can often seem obscene, at least there is tangible productivity, in contrast to the spoiled celebrity or government-lobbying lawyer or the regulation-skirting financier. Regardless, the essential question is what has each of us done with the talents and resources God has entrusted to us?” (Stapleford, 2009, p. 136).…

    • 1653 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Week 5

    • 419 Words
    • 2 Pages

    I chose to talk about the growing compensation inequity between executive management and the average employee threatens to destabilize organizational and morale and societal justice.…

    • 419 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Are Ceos Overpaid?

    • 793 Words
    • 4 Pages

    In the business world of today, one's pay should reflect the amount of work he or she has done. This rule should apply to all individuals in the workforce including CEOs. However, it is well recognized that there have been doubts on whether some high placed CEOs are being overpaid. A Chief Executive Officer is not supposed to obtain an unusually high salary if his or her company were to file for bankruptcy. According to an online article written by Michael Winter, the Financial Times newspaper stated that CEOs themselves claim that they are being overpaid. He also states that, "The issue is particularly sensitive because the gap between rich and poor in America has reached its widest point in more than 60 years." These results came from a survey that was conducted on the major U.S. business leaders. There has to be a boundary because it is morally and financially incorrect for any corporation or company to continue to operate in such a fashion. These unfair procedures sometimes lead to economic instability or employee strikes.…

    • 793 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    Since the time of FDR the press, the general public, politicians, and academics have questioned the validity of high CEO pay. Following World War II, executive compensation was growing, but at a relatively slow rate of 0.08%, this was up until the mid 1970’s. Then for some reason the growth rate accelerated, increasing by an astounding average of 212% (Frydman and Jenter, 2010). This rapid growth can be traced back to Milton Rock and Edward Hay who brought about “peer groups” as a means of evaluating executive compensation. These peer groups essentially rigged the compensation system where all CEO’s are seen to be above the median, therefor their pay increases continuously (Elson and Ferrere, 2013). Attacks on this excessive executive pay…

    • 1607 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Ceo Overpaid

    • 650 Words
    • 3 Pages

    Furthermore, turning to relationship between pay and perfomance Mr Kaplan argues that CEOs are clearly paid for improving the performance of their company’s stock. Firms with CEOs in the highest 20% of realised pay generated stock returns 60% greater than those of other firms in their industries over the previous three years. Firms with CEOs in the bottom 20% underperform their industries by almost 20%. CEOs are also kicked out if they fail to perform well.…

    • 650 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Executive Compensation

    • 15228 Words
    • 61 Pages

    The economic downturn in late 2008 brought forth the resurgence of an interesting topic - executive compensation. This topic was bound to bring much controversy as a result of the dramatic increase in executive compensation over the last decade[2] and the recent massive failure of many large companies.[3]…

    • 15228 Words
    • 61 Pages
    Powerful Essays
  • Good Essays

    Executive Pay Case Study

    • 596 Words
    • 3 Pages

    Average pay for top American CEOs and board chairmen has soared from $479,000 to $8.1 million in the last quarter century, as measured in annual surveys by Business Week magazine, the only source that goes back that far. The pay of average (non-management) workers over that time, as measured by the U.S. Bureau of Labor Statistics, hasn't even kept up with inflation. If average worker pay, which is now $26,899, had risen like CEO pay, it would exceed $184,000. If the minimum wage had risen at the same rate, it would now be almost $45 an hour. In just one generation, the United States has gone through a virtual revolution in what is considered fair pay for top executives…

    • 596 Words
    • 3 Pages
    Good Essays
  • Good Essays

    High CEO Pay

    • 1345 Words
    • 6 Pages

    In this essay, I will attempt to reason why in my understanding high CEO pay are unjustified given the rising economic inequality. I will use references from many different philosophical papers concordant to my interpretation of the pivotal concepts depicted in them to support my statements. Before I set out to argue why high executive compensations are not justified given the rising economic inequality, the first part of this essay will explore why I believe the current level of CEO compensations are excessive and unjust in itself and in the second part of the essay I will try to show the implications of higher CEO pay and its role in increasing the economic inequality which makes it unjustified.…

    • 1345 Words
    • 6 Pages
    Good Essays
  • Best Essays

    Executive Collaboration

    • 2602 Words
    • 11 Pages

    Due to recent debate on executive remuneration, companies have been placed under mounting pressure to disclose their executive compensation practices. It has become a quintessential corporate governance issue about which there are many different views and opinions. The debate on executive remuneration can be approached from various angles some argue that aligning pay with performance is the optimal pay structure in order to reduce agency costs; others view it as a regulatory issue with the objective of remedying any system flaws; while some say it is a public policy concern. The following is an attempt to critically analyze the process in which companies determine the reward packages of their most senior executives.…

    • 2602 Words
    • 11 Pages
    Best Essays
  • Good Essays

    Tournament Theory

    • 284 Words
    • 1 Page

    In Corporations the primary reason for the high pay given to the CEO may be to give those lower in the hierarchy an incentive to work hard, not to give the CEO himself the incentive to perform well. The fact that my bosses are overpaid, according to the article, is for my benefit, not for theirs. Our bosses are not being paid for the work they do but rather to inspire the other workers. The tournament theory is basically saying that we all work our butts off in underpaying jobs in the hope that one day we’ll win the race to become one of those overpaid bosses.…

    • 284 Words
    • 1 Page
    Good Essays
  • Powerful Essays

    A bishop then must be blameless, the husband of one wife, vigilant, sober, of good behaviour, given to hospitality, apt to teach; (1 Timothy 3:2 )…

    • 8861 Words
    • 36 Pages
    Powerful Essays
  • Powerful Essays

    Establishing Pay Plans

    • 4423 Words
    • 18 Pages

    |Equity and Its Impact on Pay Rates |compensation, pricing managerial and professional jobs, | |…

    • 4423 Words
    • 18 Pages
    Powerful Essays