Senior Executive Compensation

Essay specific features

 

Issue:

Business

 

Written by:

Jose B

 

Date added:

February 5, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

7 / 1736

 

Was viewed:

6224 times

 

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Essay content:

The Board of Directors needs to govern executive pay to ensure performance and compensation are fairly matched and that market trends are not the basis for decisions. METHODS The compensation of many executives encompasses a combination of a base salary, bonuses, long-term incentives, benefits, and perquisites, all of which the Board of Directors determines...
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The size of the company (measured by revenue) is also another factor in the formation of an executive pay structure. According to Forbes Magazine, the highest paid CEO in North America is currently Mark Reuben, the CEO of Colgate-Palmolive, taking in approximately $148 million last year. The secret to the company's success has been that only 4% of his compensation has come from salary and bonuses, while stock gains account for the rest...
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