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Question - List some of the "indulgences" other than golden parachutes and poison pills (which are given to managers by the BOD) some managers have...
Question - List some of the "indulgences" other than golden parachutes and poison pills (which are given to managers by the BOD) some managers have given to themselves.Answer - I have heard a lot of rumors about people high up the ladder who give themselves plenty of rewards—a lot of the time on our tax dollars. Many executives even get rewards by sleeping in their own home (Exec Perks, n.d.). I sleep in my bed every night, and I get paid only if I go to work the next day, leaving my nice warm bed. Apparently, $4,000 per month paid to CEO Richard Parsons of Time Warner is cheaper than a few nights in a hotel room (Exec Perks, n.d.). Some people might even see this super treatment as being unethical, because in some cases people involved aren’t aware, and in some areas what we may consider to be a bribe is considered “normal business practice” to others (Wheelen & Hunger, 2012, p. 79). In other examples, fleets of planes were leased for the lump sum of approximately $3.24 million dollars for Semitool (Superperks sweeten executives’ pay, n.d.). Course Hero Question –Provide a meaningful response to the answer above.Course Hero Criteria – No word limit and no page requirement; cite any source(s) used; your response need to be substantial, meaning they should contribute some further thoughts to the conversation. Responses saying only "I agree," or "Good Job" are empty posts and not counted towards your post total. Response must add to and advances the discussion; be thoughtful, introspective, and relevant to topic.References - Exec perks: an ugly picture emerges. (n.d.). CNN. Retrieved from http://money.netscape.cnn.com/package.jsp?name=pf/pm/mo_feat_news_ceoperks&floc=floc=mo-main-01-l1Superperks sweeten executives’ pay. (n.d.). MSN. Retrieved from http://articles.moneycentral.msn.com/Investing/CompanyFocus/SuperperksSweetenExecutivesPay.aspx Wheelen, T. L. & Hunger, J.D. (2012). Strategic management and business policy toward global sustainability. New Jersey: Pearson.
