about whether or not CEOs deserve their multimillion dollar salaries. According to Kevin J Murphy (professor of finance and business economics)‚ CEO compensation is justified because CEOs increase stock prices which‚ in turn‚ increases shareholder wealth. In contrast‚ Lisa H Newton (professor of philosophy) argues that CEO compensation is not justified due to the large disparity between CEO salaries and the salary of an average worker. She also argues that high CEO salaries "bad stewardship of resources
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interfere in determining salaries of commercial banks’ Chief Executive Officers. Market forces such as demand and supply for banks’ CEOs should be allowed to determine banks’ CEOs’ salary. The issue of capping executives’ compensation emerged after the global financial crisis beginning mid-2008.Monetary Policy for the FY 2010-11 provided for making necessary arrangement by NRB to standardize and maintain transparency in respect of salary and benefits of Directors‚ CEO and top level executives
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Many people desire to have jobs with high salaries because people think that high salaries will result in happiness. However‚ being happy with a job is more important than having a high salary because pursuing only for money could bring some problems. People should be consider a lot more before they make decisions‚ because jobs are something that people have to do for all their lives. First of all‚ if people are satisfied with their own jobs‚ people will try to do better and
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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
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highly paid? Nowadays‚ many people criticise entertainers’ high salaries because they are giving less but gaining more. However‚ in my opinion‚ it is unreasonable to justify one’s income only by the amount of work they do. I strongly believe that stars are never overpaid but people in other area are actually underpaid. The majority of entertainers suffer from different types of pressure that ordinary people cannot bear. Thus a high salary should be paid to compensate for the stress. Firstly‚ for
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Do Footballers Deserve High Salaries ? Many people around the world think footballers are paid too much money for doing too little effort. However‚ this can be argued because they are people who have created their life around sport and therefore should be rewarded. So‚ do footballers deserve high salaries? There are some famous footballers who are paid a crazy amount of money every year‚ millions‚ and they put it to no use. If you think about the third world people who would be so grateful
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To begin with‚ those athletes with high salaries have some special talent which normal people cannot have in certain areas. Athletes are experts at some specific sports such as basketball‚ football‚ swimming and so on. It is hard for average people to reach that level‚ no matter how hard they try. People who watch the game can obtain happy experiences and enjoyments‚ which may enrich their lives and benefit their health. A number of common people become obsessed with sports and start playing basketball
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Justification of the huge salaries paid to some top athletes; an economic perspective. Over the last century there has been much research into the area of Labour Economics‚ and hence the determinants of supply‚ demand and wages for labour. In this essay‚ I will be looking at the unique example of the Sports Labour Market with specific focus on the European Football Market‚ and use various economic models to justify the huge salaries currently offered to top athletes within this field. The
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economy yet his salary still does not equate to that of any professional athlete. However‚ I’ve seen a few presidents on television and despite their powers‚ authority‚ and admiration‚ I wouldn’t pay to go see them make legislative decisions and pass papers around all day. On the contrary‚ I would pay to see LaBron James or Chris Paul put a move on a defender and finger roll or slam dunk it home- that’s enjoyment. Guo once stated in an editorial titled Professional Athletes’ Salaries‚ “Sports were
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It is a well known fact that many people holding high positions in companies make an exorbitant amount of money. Some‚ however‚ say that they do not deserve the amount that they are paid. They feel that for the amount of work that is done by these executives‚ their paycheck is simply too high. Also‚ they believe that these high paid workers often do a mediocre job‚ while still managing to reap the benefits of being an executive. While these are viable arguments against this issue‚ the other side
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