Successful CEOs Deserve their Huge Salaries
Are America's CEOs paid more than they deserve? Many people's answer is a vehement: Yes. That view is reinforced anew every spring, when companies file their financial statements and we learn how much CEOs were paid last year.
In 2003 the average pay for CEOs at 200 of the largest U.S. companies was $11.3 million--but there are a good number whose compensation packages approach the $100 million mark. Faced with these figures, Americans from all walks of life--who revile CEOs as greedy fat cats--are overcome with bewilderment and indignation. Astonished to learn that what an average worker earns in a year, some CEOs earn in less than a week--people ask themselves: "How can the work of a corporate paper-pusher be worth so many millions of dollars?"
The answer is that successful CEOs are indispensable to their companies. They earn their rewards.
How big an influence can one man have on the fortunes of the entire corporation? Consider the impact of Jack Welch on General Electric. Before his tenure as CEO, the company was a bloated giant, floundering under its own weight. Splintered into dozens of distinct and inefficient business units, GE was scarcely making a profit. Welch turned it around. He streamlined and reorganized the company's operations and implemented a sound business strategy yielding more than $400 billion worth of shareholder wealth.
In business, success requires long-range thinking. But CEOs must project a strategic game plan in terms not merely of a month or two, but of years and decades. A biotechnology company, for example, may spend 15 years and billions of dollars developing a new cancer-fighting medicine. Success is impossible without the business ...
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... received stock valued at $75 million. As is the case with athletes and other individuals whose talents are rare and much prized, the CEO's pay package is calculated with an eye on the competition. Companies pay millions of dollars to a valuable CEO, one who they judge will produce wealth for the shareholders, in part so he will not be hired away by a competitor.
On the gridiron, the baseball diamond and the basketball court, we see and admire the physical prowess of a superlative athlete--one who earns the title of MVP--and we understand that it is morally proper to reward him accordingly. Though the efforts of CEOs are not televised on Monday Night Football, their achievements are real and have a profound benefit to all our lives. It is time that we learned to appreciate the work of successful CEOs and recognize that they deserve every penny of their salaries.
The authoritarian regimes of the Middles cycled through a pattern of anti-western policy until the globalization effects of economics and information demanded reform. As conservative Arab states try to maintain the autocracy they relied on after gaining independence, their citizens, affected by information and education expansion, challenge their resistant governments as typified by Syria’s unwillingness to capitulate. The proliferation of information and education underscored the protest movements of the Arab Spring because citizens’ contempt for their obstinate governments grew to large under economic pressures, as the current situation in Syria demonstrates.
Upon reading “Prompt and Utter Destruction: Truman and the Use of Atomic Bombs Against Japan” by J. Samuel Walker, a reader will have a clear understanding of both sides of the controversy surrounding Truman’s decision to drop atomic bombs on the cities of Hiroshima and Nagasaki during World War II. The controversy remains of whether or not atomic bombs should have been used during the war. After studying this text, it is clear that the first atomic bomb, which was dropped on the city of Hiroshima, was a necessary military tactic on ending the war. The second bomb, which was dropped on Nagasaki, however, was an unnecessary measure in ensuring a surrender from the Japanese, and was only used to seek revenge.
Although WW II ended over 50 years ago there is still much discussion as to the events which ended the War in the Pacific. The primary event which historians attribute to this end are the use of atomic bombs on the cities of Hiroshima and Nagasaki. Although the bombing of these cities did force the Japanese to surrender, many people today ask “Was the use of the atomic bomb necessary to end the war?” and more importantly “Why was the decision to use the bomb made?” Ronald Takaki examines these questions in his book Hiroshima.
Time and time again we hear politicians and office holders preach the need for a powerful middle-class. You may then be surprised to hear that “about 82% of America’s net worth belongs to the top 20%, the next 80% of people only own about 18% of America’s wealth” (UCSC). Some may argue that this disproportion is the beauty of capitalism, the chance to create an empire. I argue that the proportions are simply unfair. Why is it that “ the average CEO makes 350X as much as his/her employee” (UCSC)?
Prior and during the war, the Japanese were known for their citizens’ extreme loyalty and commitment to their nation, but after the dropping of the atomic bomb on the cities of Hiroshima and Nagasaki, some of these feelings diminished within the Japanese nation. Prior to the dropping of the atomic bomb, Over 70% of people in Japan believed that their nation could come out on top in the war even after more than a decade of constant fighting and the Japanese being on the defensive for over three years since the Battle of Midway. Directly after the use of the atomic bomb on the Japanese cities of Hiroshima and Nagasaki, the percentage of Japanese people that believed that defeat was inevitable rose to over 50%. Many people in the two cities that were bombed by the United States were affected more so than the rest of the Japanese population. For example, a 25% increase in suicidal thoughts was reported in the two cities struck by America’s new deadly weapon. This sharp decrease in morale amongst the Japanese people after the dropping of the atomic bomb coincided with an increase in Japanese fear of American and Allied power in future battles. For example, according to survivors of the bombing, whenever a lone American plane was seen over a Japanese city, people would “rush into their shelters,” and “They went in and out so much that they did not have time to eat. They were so nervous they could not work.” Prior to the bombing of Hiroshima and Nagasaki most Japanese were only scared of American aircrafts if there was a large group, but after the dropping of the atomic bomb any individual plane could wreak havoc on Japanese cities, as Elona Gay did to Hiroshima on August 6th, 1945. The use of the atomic bomb was able to spread fear amongst the Japanese people so
Do athletes get overpaid? Is it fair that the average NFL player gets paid 1.9 million dollars a year while the average heart surgeon gets paid 533 thousand dollars annually? I think that professional athletes don’t get paid too much. There are multiple reasons that proves that their pay is not excessive. Their careers are short, they risk their body for our entertainment, and they motivate children.
America’s role in the establishing of Israel marked the beginning of resentment among many Arabs and Muslims communities (Evara, Stratmann & Natta 2007). With this political stand, the US was forced to adopt policies that conflicted with major political movements in the region, namely secular pan-Arabism and Islamic fundamentalism. Egypt was on the forefront pushing for the first movement; it described its position on the Middle East and the rest of the world. Both the movements called for unity among the Muslim and Arabic community. Consequently they alienated the western countries, to an extent of advocating for violence. In 1991 the relationship was complicated further when the US led the gulf war against Iraq. However the more recent September 11, 2001 terrorist attack on America soil hig...
“Remember Pearl Harbor—Keep ‘em Dying,” were words spat from soldiers’ mouths in the United States military during World War II. Anger filled millions of citizens in the United States after Japan bombed Pearl Harbor. Were these unresolved feelings between Japan and the United States the cause of the bombings of Hiroshima and Nagasaki? Did the United States have a concealed passion to show their strength and scientific advancement? Was the United States terrified of another invasion taking place on their soil? Why were the atomic bombs created and used in the first place? The actions of the United States were derived from the initial attack by Japan, which was due to Japan’s unwillingness to surrender. The atomic bombs were initially created because Germany was believed to be in the process of creating their own nuclear weapons. Many people in the world today believe the bombings of Japan were not necessary; that the bombings were the United States’ way of depleting the Japanese culture. These theories are completely incorrect. The truth behind this unresolved conflict is the bombing of Hiroshima was necessary, where as the bombing of Nagasaki was unnecessary. These actions all occurred because of Japan’s refusal to surrender, the United States’ want to save American lives, and the Allies’ want for the war to finish.
The controversy of athletes being overpaid dates back to 1922, when well-known baseball player George “Babe” Ruth received $50,000 within the first year of his career. Ruth’s extensive wealth was bolstered by dozens of endorsements (Saperecom). As it is shown in figure 1, in the Fortunate 50 Tiger Woods takes the number one spot for highest paid athlete. Tiger’s salary for 2011 is $2,294,116 and like Babe Ruth, his endorsements exceed his salary earning $60,000,000 making his total $62,294,116 (Freedman). It’s crazy to think that 89 years ago professional athletes scarcely made more than the average person today. This is of course not counting the inflation that has occurred since the years which Babe Ruth played baseball.
Sumo, V., & Weitzman, H. (2013). Are CEOs overpaid? The case against. Retrieved from Capital Ideas: http://www.chicagobooth.edu
In that time, and this time, we regard the bombing of Hiroshima with stark simplicity: one bomb, one city, and punishment to the Japanese for attacking Pearl Harbor. But, of course, the atomic bombing of Hiroshima was not so simple. There was much conflict and this discussion is charged with emotion. Americans both felt deep satisfaction and anxiety and these feelings have co-existed ever since. Part of us wishes to believe that we had done the correct ...
The average MLB player makes $1.5 millions per year (Bliss). There are a lot of opinions on whether athletes and actors are overpaid. Many feel they don’t deserve what they make and others feel they are well worth the millions they get. On average the better players of the MLB get between $two million and $twenty million a year (DeBlieux). Are they really worth that much? Many people think actors and athletes deserve their pay that they get because they entertain people and bring more money into the economy; however, there are other jobs that are way underpaid, police and firefighters, who risk their own lives for complete strangers and make very little when compared to an athlete or an actor.
Drivers who use their phone while driving create too many distractions for themselves and others,
The purpose of writing this essay is to give an idea how these two respected CEOs of multinational companies has changed the world. Technology is booming nowadays, even the minor things that we can do manually are done using technology. Steve Jobs, the co-founder of Apple computer and Bill Gates, the co-founder of Microsoft, has changed the world. These two leaders are best known for their innovations which has taken our world to the next level. Steve and Bill has got something in common. Surprisingly, both of these CEO had never graduated from college, but they are known to be the world most successful leaders and they both work in the same kind of company (Lashinsky, 2013). Nevertheless, their leadership styles differs (Peralta,2011). The way they treat the employees at the workplace is in contrast.
...estimated fifteen billion dollars. So for him to be given eighty million, I think is a reasonable amount, considering that the total profit was so much.