The Golden Parachute Option for CEOs - 1806 Words

Imagine being in a world where people are paid in cash bonuses, stock options, or generous severance pay when fired from their job due to a company merger, are asked to leave, or choose to retire. This happens to be a reality for many CEO’s and top executives of companies. We live in an economy where mergers and take over’s have become common, and to allow this option for the highest paid employees of a company is arguably unfair. While researching golden parachutes, I formed questions due to the circumstances surrounding this executive option. For example, why should CEO’s, who live very comfortably, be given a compensation package for losing their position due to a company merger or retirement when employee and shareholder’s futures are†¦show more content†¦Once executives were getting these highly substantial payments, shareholders quickly questioned executives for their integrity and motive due to this high increase in payment amounts. There h ave been many debated reasons in support of and against golden parachutes on account of the increase in payment amounts and how the terms of their severance package were written out. It interests me how easy someone can be opposed to golden parachutes from a middle class citizen’s view, where we all want to be paid the same dollar figures as top executives. It’s strongly argued golden parachutes give the feeling that CEO’s and top executives are solely looking out for themselves, not considering how investors and employees will be impacted by mergers. As I stated in my opening paragraph, â€Å"Why should CEO’s be given a compensation package for losing their job due to a company merger or retirement when employee and shareholder’s futures are at stake?† Andrew Ross Sorkin supported this notion in his article Executive Pay: A Special Report; Those Sweet Trips to the Merger Mall in which he stated, â€Å"Mergers and acquisitions can be get-rich-quick paths for top corporate managers, providing a personal incentive to get the deal done, no matter what happens to shareholders. And they are no longer just for chief executives who sell their companiesShow MoreRelatedCorporate Ceos Of Low Wage Employees1049 Words   |  5 Pagesextremely high, production and nonsupervisory workers took home only $35,000 on average in 2013, and a full-time worker making the federal minimum wage earned only $15,080. One of the famous terms being used in correlation to fired CEO s is â€Å"golden parachutes†. This is where CEO s are being paid when they leave the company they are working for and they receive a compensation that is far greater than the salary that they take home. In other words, you get paid more to be fired, than you do if youRead MoreUs Auto Industry Back on Top1658 Words   |  7 Pagesand scrutinized by the general public, the topic warrants much debate. In the 1990’s, total executive compensation increased substantially as companies began offering stock option programs; CEO’s of Samp;P 500 saw an average increase of 150%. While many top U.S. executives continued to receive enormous compensation options throughout the economic downturns of 2001 and 2008, none was more apparent than those in the automotive industry. While the big three, comprising of General Motors, Ford andRead MoreEnormouse Wealth of CEOs1194 Words   |  5 PagesOthers may think it is the amount of petroleum being drilled for. I am sure none of you would have guessed it was the amount of money Mark Zuckerburg, the creator of Facebook, made in one year. Executive compensation is bonuses and benefits given to CEO’s of companies on top of the base salary they are receiving. The amount, as you see, can be astronomical which will lead one to question the ethics of employee compensation programs. While it may motivate some people to perform better so they may increaseRead MoreWhy Do Executives Receive Such High Compensation And How It Affects Our Democracy?1982 Words   |  8 Pagesdiscredited by the Golden Parachute, Silver Para chute, or even Golden Boot.(â€Å"Golden Parachute†). The three methods take away the initial fear of job loss and give them a cushion upon termination that most employees could only dream of having. CEOs are guaranteed money that is promised to the executives granted mergers, takeovers, or any circumstance that would affect the employment status of an executive. The three payment methods also come with bonuses that give stock options or cash bonuses. AccordingRead MoreThe Ethics Behind A Ceo Making 600 Times More Than An Average Worker1440 Words   |  6 PagesObama. Section 953 specifically states companies must disclose information surrounding pay-for-performance and the difference between the CEO’s salary and median salary for all other employees (Dodd Frank, 2010). While a previous source stated the pay ratio falls to below 4:1, this statistic doesn’t include any type of equity-compensation including stock options and â€Å"off-the-grid† bonuses. After the financial crisis, when many Americans were laid off, the average compensation of CEOs actually roseRead MoreEthics Essay2054 Words   |  9 Pagesthose roads were not traveled. Many argue that government intervention could have prevented the backlash and whitewater effect of Nortel’s bankruptcy, but due to corporate ties within the government and the Securities and Exchange Commission the many CEO’s continued to elude the government auditors and the stakeholders. From an ethical perspective, there were several factors that contributed to the rise and fall of Nortel. The initial CEO and founder of Nortel, John Roth, demonstrated altruistic behaviorRead MoreEssay about Critical Theory of Communication in Organizations1644 Words   |  7 Pagescan become more productive and democratic through communication reforms. Humanists feel that meanings are in people not words. Deetz accepts this but goes another step and wants to know whose meanings are in people. The companies meanings, the CEO’s meanings, the perception the companies give as their meanings, this is what Deetz is looking for. When people use slang in big business, they begin to put corporate values in to play. According to EM Griffin, this theory is critical in that he wantsRead MoreExecutive Compensation2125 Words   |  9 Pagesboards. Measures needed to be taken to form regulations to provide stronger accountability, to prevent these types of scandals from happening and to rebuild the confidence of investors. Corporate governance of publicly traded companies was no longer an option, it became a must. The public and the media demanded laws to protect future investors and shareholders (Colley, Jr, Doyle, Logan, amp; Stettinius, 2005). With most of the world’s financial markets in crisis and recession, the public has becomeRead MoreFlinder Valves and Controls Inc3251 Words   |  14 Pagessince German CEOs usually cannot gain the huge benefit of ‘Golden Parachutes’, a contract provides benefits to a top executive in the event that a takeover of the company resulted in his losing his job with a package of severance pay, stock options or a bonus, as many of their US and UK peers do, the CEO of Mannesmann, Esser, was not motivated to accept the acquisition proposal, since the offer would actually made him ‘flying without no parachute’. Staff in Mannesmann would also oppose to the acquisitionRead MoreFlinder Valves and Controls Inc3267 Words   |  14 Pagessince German CEOs usually cannot gain the huge benefit of ‘Golden Parachutes’, a contract provides benefits to a top executive in the event that a takeover of the company resulted in his losing his job with a package of severance pay, stock options or a bonus, as many of their US and UK peers do, the CEO of Mannesmann, Esser, was not motivated to accept the acquisition proposal, since the offer would actually made him ‘flying without no parachute’. Staff in Mannesmann would also oppose to the acquisition

The Discovery Of Alfred Wegener - 1075 Words

Did you ever wonder who discovered that the continents used to fit together as a super continent, known as Pangea? His name was Alfred Wegener. His discovery made him famous in the science world. Alfred Wegener was born on November 1, 1880. When he was young, he was believed to be very smart. Wegener received conventional education, which led him to attend grammar school in Berlin. There’s not that much known about his childhood, just that he was born and raised in Berlin, Germany. At 18, in 1899, he attended the University of Berlin. At the University he took many science classes before specializing in physics, meteorology, and astronomy. In 1902, he started to work for his P.H.D in Astronomy. Trying to work for his p.h.d, he spent†¦show more content†¦His father ran an orphanage, where he had many jobs. Alfred’s father was a classical language teacher and a pastor.His mother was a simple housewife. His older brother,Kurt wegner, was a meteorologist and a g erman polar researcher. Alfred worked with his brother kurt in the same place for some time. They both accomplished a lot. Even with the weather balloon that would of set a world record. Alfred Wegener was the youngest out of 5 kids. Their mom was Anna wegner and their was Richard Wegner and lived in Berlin ,Germany’s capital . In 1910, he was looking at a world when he noticed that the coastlines of South America and Western Africa looked like they use to fit together. After he did further research in 1911,he learned that fossils of the same type were found Brazil and Western Africa,and also after he was trying to connect the continents like a puzzle that South America and Africa had once been connected together to form 1 big continent.Alfred found evidence of a fossil that is throughout 4 continents. One of the fossil that was found four continents wide was called the fernShow MoreRelatedPlate Tectonics: Theoretical Aspects and the Geological History of North America860 Words   |  3 Pagesgeological history of North America, in order to illustrate how the discoveries regarding the movement of plate tectonics have led to new ways of thinking about the formation of continents and about the Earths surface, the development of mountains, oceans and valleys. In relation to this chapter, it is interesting to know how the discussion about plate tectonics emerged. Initially, scientists adhered to the fixed Earth model. Alfred Wegener was the first scientist who attempted to shake this belief andRead MoreThe Current Shape Of Earths Landmasses Was First Proposed By Abraham Ortelius1699 Words   |  7 Pagespossibility of continental drift several decades before Alfred Wegener in his publication The Creation and its Mysteries Unveiled. He came to this conclusion by identifying similar plant fossils that were found in America and Europe. He also believed that the cause of the fragmentation of the supercontinent was due to the Great Flood of the Bible. Eduard Suess was another who proposed the idea of a supercontinent much earlier than did Wegener. In 1885 he claimed that there was a supercontinent namedRead MoreEssay about Alfred Wegener and the Continental Drift698 Words   |  3 PagesAlfred Wegener was a meteorologist and astronomer. He was the first scientist to introduce the theory of the continental drift. Wegener theorized that at one time the continents were one large landmass or Pangaea that had drifted apart. His ideas were initially rejected by other scientists. It was not until long after Wegener’s death that proof was obtained and his theory verified. The Life of Alfred Wegener Alfred was born in Germany in 1880 and led a very busy life. He received a PhD in astronomyRead MoreLab Lesson 2 Essay942 Words   |  4 Pages22 4.0/ 4.0 Points Who proposed that all of the present continents were once joined together in a single supercontinent called Pangaea? A.Alfred Wegener B.Charles Darwin C.Arthur Holmes D. Harry Hess Answer Key: A Question 2 of 22 4.0/ 4.0 Points The scientific community rejected the theory of plate tectonics because Alfred Wegener could NOT A.identify a mechanism to move the continents. B.disprove competing theories that were not accepted by scientists. C.find geologicRead MoreScience Is All About Discovery, And Learning Why Things Happen Essay1583 Words   |  7 Pagesabout discovery, and learning why things happen. The world is full of mysteries and it takes a special person to desire to discover the answer to the world’s biggest mysteries. Scientists everywhere devote their time and energy to discovering information that will change how people view the Earth. One of the most important discoveries is how our continents were once together and how they divided. One of the earliest theories of how our continents were divided came from scientist Alfred Wegener in 1915Read Moreâ€Å"Volcanic and Seismic Events Are Major Pieces of Evidence Towards Proving That Plate Tectonics Theory Is Valid’ Discuss the Extent to Which You Agree with This Statement603 Words   |  3 Pagesâ€Å"Volcanic and seismic events are major pieces of evidence towards proving that plate tectonics theory is valid’ Discuss the extent to which you agree with this statement (40 marks) The plate tectonics theory was made by a German named Alfred Wegener. He stated that a single continent existed about 300 million years ago named Pangaea and that it split into two continents of Laurasia in the north and Gondwanaland in the south. Today’s continents were formed by further splitting of the two massesRead MoreEarth Science Essay884 Words   |  4 Pages1. Summarize advances over time in determining the age of the Earth, including the importance of the discovery or radioactivity. Herodotus counted layers of earth near the Nile River in 450 B.C.E. The Bible was used in the Middle Ages to compute the age of the Earth. The 18th and 19th centuries brought a more scientific look into determining the age of the Earth by studying the salinities of the oceans, the rates of sedimentation, and models of cooling of different materials in order to calculateRead MoreChapter 2968 Words   |  4 Pagessupercontinent named by Alfred Wegener, is thought to have begun to break apart about 200 million years ago. 4. Describe the four kinds of evidence that Wegener and his supporters gathered to substantiate the continental drift hypothesis? Wegener and his associates found that the fit of the continents, fossil evidence, paleoclimatic evidence, and similarities in rock type and structural features all seemed to bridge together the now-separated continental landmasses. 5. Explain why the discovery of the fossilRead MoreThe Types Of Tectonic Plate Interactions1523 Words   |  7 Pagesrift formation, streams and rivers flow into the low valleys and long, narrow lakes can be created. 2. Explain the Theory of Plate Tectonics in your own words. The Theory of Plate Tectonics (originally called the Continental Drift theory by Alfred Wegener) is the scientific theory that the Earth s outer shell (lithosphere) is divided into several plates that glide/move over the mantle, which is the rocky inner layer above the Earth’s core. This theory was formulated in the 1960s and 1970s as newRead MorePlate Tectonics Theories Analysis Essay852 Words   |  4 Pagesinto the seven continents we have today. The first comprehensive theory of continental drift was suggested by the German meteorologist Alfred Wegener in 1912. The hypothesis asserts that the continents consist of lighter rocks that rest on heavier crustal material, similar to the manner in which icebergs float on water. Wegener contended that the relative positions of the continents are not rigidly fixed but are slowly moving at a rate of about one yard

Odysseus Traits Essay free essay sample

Mcmahon The Odyssey is an epic poem by Homer. The epic is about a king, Odysseus who rules Ithica, located in Greece. Odysseus is sent to the Trojan war. Odysseus and his men make many attempts to make their way home. Over a course of 10 years, Odysseus and his men make many dangerous, yet exciting journeys across the Mediterranean Sea. A good leader should have self-control, physical strength and a lot of perseverance. I think Odysseus shows those characteristics plenty of time throughout the epic. Odysseus shows self-control when he resists stabbing the Cyclops in the eye with the sharpened tree trunk. He must be intelligent to come up with such a well thought out plan, by getting the Cyclops drunk and waiting for the Cyclops to pass out before stabbing him. If Odysseus would have rushed the plan wouldn’t have worked because, there was a huge boulder in front of the exit to the cave that only the Cyclops could’ve moved. We will write a custom essay sample on Odysseus Traits Essay or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The plan was just brilliant. He must also care about his men because, every time the Cyclops ate one of his men, Odysseus got emotional and upset. Another example of how Odysseus shows self-control is when him and his crew encounter the lotus eaters. The lotus was an addictive plant like drug, when you first eat the lotus you never want to stop eating it. When Odysseus and his men first arrived on the land Odysseus made a precautionary decision to send two of his men to go and investigate the land. When Odysseus notices that his crew has been gone for some time, Odysseus decides to go look for them. When Odysseus finds his two crew members, he discovers that they are eating the lotus. The lotus eaters offer Odysseus the lotus but he turns it down. That is how Odysseus shows self-control in that example. Instead of leaving his men, Odysseus grabs them and brings them back to the ship like a good leader should. That’s a good leader, no one is left behind. Odysseus shows his second good leader trait, physical-strength in many examples. One example of showing Odysseus’ physical-strength is when he pierces the Cyclops eye with his men using the sharpened tree trunk. This shows that Odysseus must be in pretty good shape and is pretty strong. He must be if he is able to carry out a task of that sort. Another example of Odysseus being physically- trong is when Odysseus and his men are trying to escape the Cyclops’ cave and Odysseus has to tie his men to the sheep leaving himself without restraints. He had to hold on with his bare physical strength for dear life with no brakes in between. That also must’ve taken a lot of endurance to hold on for that long. The third characteristic of a good leader is perseve rance. Odysseus shows this characteristic the whole epic poem. Odysseus still keeps try to get home after 10 years of suffering the war and 10 years of trying to get home. He has a lot of courage and more endurance to keep trying to get home also. Odysseus must have missed his home a great deal to go through all of that trouble to get home. Its incredible that he still had hope of getting home after all of those years of suffering. The second example of Odysseus showing perseverance is how he kept his cool when him and his men were captured by the Cyclops. He never gave up on his men or his will to get home. He kept on fighting. That’s my opinion on how Odysseus, the king of Ithica in Homer’s epic poem is an outstanding leader. He shows self-control, physical-strength and perseverance and 100 other traits that make Odysseus a good leader.

2Pac Shakur Essay Example For Students

2Pac Shakur Essay Tupac (Two-pahk) Amur Shakur, commonly known as 2pac, led a violent life. He died on September 13, 1996. He was a gangsta rapper/Aspiring actor. Tupac was a big figure in the rap community, always doing what he wanted and not caring what others thought of him. His life symbolized what a lot of people have gone through, through his music and movies he showed us how hard life can be. Tupac was born in Brooklyn, NY in 1971. His family and he moved to Baltimore, Maryland early in his life. He took Performing Arts classes at his chool; his teachers said he looked promising. He never finished school. He dropped out and moved to a small town outside Oakland, CA (Associated), however he did go to college and finish his high school credits. All his life he was raised by his mom, with his sister. He always led a violent life; April 5, 1993, he assaulted a fellow rapper with a baseball bat. October 31, 1993, he was charged with shooting two off duty police officers. The charges were later dropped. November 19, 1993, he was convicted of sexual assault (Death). In November 1994, Tupac himself was shot during an attempted robbery outside a music studio in New York. Tupac did, however, mention this; Thug life to me is dead. If its real, let somebody else represent it because Im tired of it. Shakur told Vibe Magazine. I represented it too much. I was Thug Life( Associated). Tupac had a very promising career. His first album 2pacallyps Now was very successful. Not too late after that his movie Juice was released in 1992. He released two more albums titled Strictly for my Niggaz and Me against the orld and two more movies Poetic Justice (1993) and Above the Rim(1994). His last album, All Eyes on Me sold over 6 million copies and was the first double CD for rap music. (Thuglife)(Associated) 4:03 p. m. PDT, Friday, September 13, Tupac died of respiratory failure and cardio-pulmonary arrest at University Medical Center, Las Vegas(Payne). He died of bullet wounds to the abdomen and chest at the young age of 25 (Unofficial). Shakur was shot four times in the chest and abdomen. Police believe he was the target. He lingered in a coma before he died. So far police have no suspects. All they are saying is that the people were in a white cadillac, not from Las Vegas where he was shot (Associated). I believe that Tupac although he lived a violent life, mostly tried to keep others away from the life he had lived. He died after going farther than a lot of people would have gotten in their entire life. Some believe that Tupacs death was faked but I do not know which to believe. This man was great at what he did, rap, and movies and that is what I admire him for.