Here is the synopsis of our sample research paper on Are Senior Executive Pay Levels In the US and UK Socially and Economically Damaging?. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 7 page paper considers the level of executive pay in the US and the UK and assesses whether or not the higher levels seen here, compared to countries such as Germany and Japan have a social and economic damaging impact. The bibliography cites 10 sources.
Page Count:
7 pages (~225 words per page)
File: TS14_TEexsaldam.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
the UK with other nations such as Germany and Japan, the US CEO salaries can be as much twice the level salaries in Germany and France and four times those
found in Japan (Hunt, 2007). This issue is not only with how much is paid, but also with the way that it is paid, with US senior executives, often
benefiting from large stock options and most controversially are the level of golden parachutes, for example, Robert Nardelli , CEO of Home Base was fired and walked away with a
package worth $210 million and Henry McKinnell of Pfizer walked away with a package worth $180 million when he was fired (Hunt, 2007). With salaries of this level it is
unsurprising that they have been seen as controversial, attracting criticism, especially with research increasingly demonstrating that there does not appear to be a direct correlation between the level of the
salaries and the performance of the firm, however there is some correlation with the firm size and the average size of firms in that economy (Beamish and Bass, 2009; Murphy,
1998). It has been argued that salaries of this level are harmful in economic and social terms. If they are not providing value, or causing costs then this is
an argument that can be sustained. To assess this the reasons for the high levels of pay andt he potential cots need to be considered. The trend of very
high pay packages has been in place quiet a while. Back in 1994 the highest paid executive in Washington earned $11.2 million (Smith, 1995). It can be argued that
no matter how clever and innovative as well as successful an executive is a salary of this level cannot be justified when so many workers are reliant on a welfare
...