ARTICLE IN PRESS Journal of Financial Economics 80 (2006) 511–529 www.elsevier.com/locate/jfec CEO incentives and earnings management$ Daniel Bergstressera‚Â Thomas Philipponb a Harvard Business School‚ Boston MA 02163‚USA NYU Stern School of Business‚ New York‚ NY 10012‚USA b Received 25 September 2003; accepted 13 October 2004 Available online 22 December 2005 Abtract We provide evidence that the use of discretionary accruals to manipulate reported earnings is more pronounced
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debate is 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
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TOMORROW’S CEO: GREGORY BRENNEMAN Statement of the Problem What particular qualities does Brenneman have that make him a good manager? Case Background Greg Brenneman‚ an analytical whiz and people person is the man behind the turnaround of Continental Airlines. In 1994‚ he came on board and became the COO and applied those skills. By the following year Continental stocks began to soar and turned its only profit in 15 years. Reviving a company like Continental takes incredible
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Bus 109 CEO Project Group Members: John Kim Jane Fong Frank Lee Christian Heredra Duc Phan Kung-Yen Lin Yu-Ju Chien Peter Huang Here’s some articles I found that could start us off: Sample Strategic Analysis Presentation: http://www.slideshare.net/MaxJallifier/final-presentation-16443977 http://seekingalpha.com/article/1262831-amazon-to-face-major-challenges-over-its-business-complexity-and-rising-costs http://www.fool.com/investing/general/2012/12/19/3-challenges-for-amazoncom-in
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The Day I lost Him Do you ever look at your boyfriend/girlfriend‚ best friend‚ brother/sister‚ or anyone you love and wonder what would life be like without them? Or do you ever imagine that they would just be gone one day? I never think that way. I think that everyone is invincible and everyone is going to live forever. That is how it seems at least. That is definitely not the case. I guess you could call me an idealist‚ but in reality people that you see everyday could be gone tomorrow. That
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book‚ “ What Was Asked of Us” as it tells the accounts and stories of American men and women who fought in the Iraq war. Enlisting in a nation’s military brings a strong sense of camaraderie to the soldiers as they go through training together and eventually fighting on the front
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The Correct Methodology of Selecting CEOs Abstract Selecting the correct methodology for recruiting your next chief executive officer is undoubtedly one of the most difficult decisions that a board of directors will ever have to make. Horse races‚ promotion contests‚ and the extensive use of executive search firms have proven to be the most common forms of selecting company’s top executives. The fight to hold to the title of CEO between internal and external candidates is cut-throat and in most
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for short term signage‚ such as point of sale displays. Blackboard Pty Ltd (Blackboard) is one of a small number of suppliers in Australia of vinyl film. In June 2012‚ Blackboard entered into a contract with PostersPLUS Pty Ltd (PostersPLUS) to supply PostersPLUS with cast vinyl film over a 12 month period. Between November 2012 and September 2013‚ Blackboard supplied PostersPLUS with film to the value of the $200‚000 pursuant to the contract. PostersPLUS used the cast vinyl film to manufacture
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INTEGRATING THE SUPPLY CHAIN Case Study - Friedland Timbers co. Johann Klassen is the Managing Director of Friedland Timbers co. which makes specialised wood products for the construction industry. He has recently been worried by late deliveries to some important customers. The industry is very competitive‚ and Johann knows that customers will go to other suppliers if he cannot guarantee deliveries. The marketing manager is particularly upset because he has worked with these customers for a
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During the early 1890’s‚ in the state of Massachusetts‚ there was a steel factory. Over the years a great deal of material changed how the steel factory ran and also how the workers were working. The movement started and affected everything from industrial manufacturing processes to the daily life of the average working citizen. Industrialization is the procedure which a state goes from an agriculture based economy to an economy based in industrial developments‚ such as textile‚ mining‚ iron‚
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