The high salaries paid to CEOs are not justified. To what extent do Essay

The high salaries paid to CEOs are not justified. To what extent do you agree with this statement - Essay Example The high compensations are in the forms of high salary, bonuses or stock plans. The performance of the CEO has no quantifiable effect on corporations’ performances as the remuneration has little or no effect on the performance of the CEO (Lys, Rusticus and Sletten, 2007). As mentioned above, the only quantifiable effect is the widening gap between them and the other management people on whom the CEOs depend to produce positive performance of the company. In an article in Business Week, during the 1980s the average pay of a CEO was 42 times more than the hourly wage paid to a worker (Finch and Bowers, 2009). As the business entered the 1990 era, this multiplication grew to 85 times more than average hourly pay of a worker which reached the astonishing height of 531 times in 2000 (Finch and Bowers, 2009). What caused this hike in the salary of the CEOs and was this hike justifiable? This question remains unanswered to this day although many studies have been carried out on a lin k between CEO performance, company performance and the pay scale. Researchers such as Daines, Nair and Kornhauser (2005) tried to define measurements for CEO skill. They wanted to isolate the specific factor for CEO competence that can be used to justify the compensation and company performance. According to Daines, Nair, and Kornhauser (2005), the performance of any corporation does not depend only on the CEO skills or performance but also depends on other factors such as the economy, regulations, and conditions of the industry and so on. They hypothesized that a company managed by a skilled CEO should be performing better than the competitors in its industry. This hypothesis is based on the belief that if a company is managed by a poor CEO, the company’s performance will be poor and vice versa. The results of this research were informative. The economic performance and CEO salaries for the years 1990-2002 were studied which showed that small business

Female Circumcision Assignment Example | Topics and Well Written Essays - 250 words

Female Circumcision - Assignment Example Female circumcision is abusive and has a detrimental effect on the attitude and self-esteem for the females who practice it. 3. Patriarchy is a process or a system through which the males dominate and are in charge of social welfare of people within the society. For this reason, they are able to control the resources and set rules, norms and regulations that define a community. Patriarchy has played a big role in female circumcision especially through the ritual norms that must be performed in order to assume acceptance as a member of a certain society or community. This is because the institutions of males have dominance over the privileges of the female hence insubordination. 4. A lot of non-governmental organizations have teamed up to fight this practice. Groups like Maendeleo Ya Wanawake in Kenya have formed female groups which fight against this ritual. Most of the governments in Africa and Kenya to be precise have set rules that ban the practice terming it as child abuse. Most of the governments in Africa have also set tight penalties for societies or communities that engage in this old ritual. It is indeed right for us Westerners to meddle in traditions and practices that have no positive effect on the lives of Africans. Female circumcision is an abusive act that dehumanizes the female gender and must be fought by all members of the world and not westerners only. 5. In my opinion there has never been and there will never be any good reason to perform female genital mutilation to the female gender because it does not add any value but instead only ruins the self-esteem and leads to a lot of side effects like hemorrhage and conception difficulties and even death resulting from over bleeding during the process (Francis