Comparison of Us Ceos and Ceos in Other Industrial Countries Essay Example for Free

Comparison of Us Ceos and Ceos in Other Industrial Countries Essay Nowadays, more and more people question whether US CEOs are overpaid compared to CEOs in other industrial countries or if they are paid fairly and deserve a larger share of the wealth they helped their companies earn. With the development of a global capitalist economy, laborers pay in the free market is increasing continuously. However, CEO pay increase is not in alignment with the average US worker’s pay increase, as Garofalo pointed out, â€Å"In 2011, US CEOs in the Fortune 500 made an average of $12 million, about 380 times what the average worker makes. This number increased from 343 times in 2010† (Garofalo, â€Å"Average Fortune†). When we compare the U.S CEO-to-worker ratio with other countries, the result is more shocking: In Japan, the CEO-to-worker ratio is 11:1; in Germany, 12:1; in Canada, 20:1, respectively. However, the U.S ratio approaches to 475:1 (Tampa bay Times). Are U.S CEOs really paid based on their actual performance? The answer is no. For example, from the article named â€Å"Introduction of GM†, the whole sale of GM decreased by 23% in 2008. However, GM’s CEO pay was as much as 200 times what a common worker would have; while at Toyota, it was only about a twentieth of what a worker earned (Yglesias, â€Å"Comparative CEO Salaries†). In 2008, GM’s CEO had $14.4 million in compensation, but the pay of Toyota’s CEO was under $1 million in the same period (Joules, â€Å"News vine†). Another example is William Weldon, the CEO of Johnson Johnson. In 2011, â€Å"JJ has been battered by 22 product recalls in 19 months because of the quality issues† (McIntyre, â€Å"American’s most overpaid†). The net earnings of JJ went down from 13.3 million in 2010 to 9.7 million in 2011. However, William Weldon still earned approximately 26 million in 2011, almost the same amount as his previous year (â€Å"JNJ| Income statement†). Some people believe that U.S CEOs are not overpaid, especially the good CEOs such as Steve Jobs. When Jobs returned to Apple as an interim CEO in 199 8, the stock price was only $2. However, because of his innovation, the products that he promoted such as iPhone and the whole i-series had brought Apple from near bankruptcy to extreme profitability. During the past 15 years, the growth rate of Apple’s stock price increased 235 times. Moreover, Apple’s annual revenue in 2012 reached $156.51 billion compared to $6.2 million in 2003 (Apple Inc.). Although Jobs only earned $1 annually, he held $5.43 million Apple shares worth $2.1 billion. Forbes estimated his net wealth at $8.3 billion in 2010 (â€Å"Steve Jobs†). Since Jobs had brought huge profits to Apple, he was considered worth the annual shares given to him by Apple as the company’s earnings were heavily based on his contribution and performance. To resolve the problem that US CEOs are overpaid, audit by independent board members is an important measure to ensure proper executive pay policies. Human Resource needs to play a key role in the distribution of fair wages. As author Crisp suggested, â€Å"When recruiting a CEO, HR can build a track record of taking action on the performance and contribution† (Crisp, â€Å"Is HR living up†). While setting up the salary of a CEO, HR can take the records of the CEO’s previous performance and pay as a reference. This also requires HR to do a solid research and then develop realistic compensation plans. Promoting this approach is a big challenge for an HR executive, yet it is a good opportunity to compensate fairly relative to earnings and in the long run, corporate survival may depend on it!

Influence of Russian Revolution on Western Civilization Essay -- essay

On the edge of XIX-XX centuries the capitalism of the free competition had turned into imperialism – monopolitical capitalism (Hobsbawm, 1995, p.). The growing social production and private capitalist appropriation of it, labour of ones and profit of others were the main processes owing to the aggravation of working class and bourgeoisie. The political parties of social army had started to form. In many countries of Western Europe, the socialist movements had appeared, where wide strata of working class participated in left-wing parties and trends (Hobsbawm, 1995, p.). The system of imperialism as a whole, had ripen for social revolutions of the new type – proletariat. As a result of unequal distribution of wealth and social cataclysms of post-war periods paved the way for breaking the chain of imperialism. Russia appeared to be that weak link in the chain of imperialism. The Russian Revolution influenced Western World to change, infecting working class to revolt global ly against imperialism, the crisis of colonialism had started. Russian Revolution of October 1917 was the child of the antagonism of classes in contradictory imperialism. It started in poorly ruled environment of Tsarism, prepared by previous revolutions of 1905-6 (Hobsbawm, 1995, p.30). â€Å"So ready was Russia for social revolution that masses treated the fall of Tsar as a proclamation of universal freedom, equality and direct democracy. The uncontrolled masses transformed into Bolshevik power† (Hobsbawm, 1995, p.36). Many political parties had arose, however, not many of them knew how to rule the huge country. As country mainly was agrarian with more than eighty per-cent of peasants, who were hungry, landless and tired of the endless wars, Bolsheviks who represente... ...cial governmental expenses increase, pension provision and illness insurance are present in today’s life and seem so obvious and obligatory mostly were influenced by the tensions of the working class in Europe and especially Russia in the XX century. In Russian revolution, communism appeared as â€Å"the constructed of a better alternative to capitalist society†, ironically in gave the roots to the socio-capitalistic structure of XXI century, which combines both ideologies of capitalism and socialism under one wing. History of the XX century cannot be understood without looking at Russian Revolution, whose influence brought important effects on present rights and freedoms of every individual in the social structure of today’s society (Hobsbawm, 1995, p.84). Reference Hobsbawm, E. (1995). Age of Extremes: The Short Twentieth Century, 1914-1991. Abacus, 1995. Influence of Russian Revolution on Western Civilization Essay -- essay On the edge of XIX-XX centuries the capitalism of the free competition had turned into imperialism – monopolitical capitalism (Hobsbawm, 1995, p.). The growing social production and private capitalist appropriation of it, labour of ones and profit of others were the main processes owing to the aggravation of working class and bourgeoisie. The political parties of social army had started to form. In many countries of Western Europe, the socialist movements had appeared, where wide strata of working class participated in left-wing parties and trends (Hobsbawm, 1995, p.). The system of imperialism as a whole, had ripen for social revolutions of the new type – proletariat. As a result of unequal distribution of wealth and social cataclysms of post-war periods paved the way for breaking the chain of imperialism. Russia appeared to be that weak link in the chain of imperialism. The Russian Revolution influenced Western World to change, infecting working class to revolt global ly against imperialism, the crisis of colonialism had started. Russian Revolution of October 1917 was the child of the antagonism of classes in contradictory imperialism. It started in poorly ruled environment of Tsarism, prepared by previous revolutions of 1905-6 (Hobsbawm, 1995, p.30). â€Å"So ready was Russia for social revolution that masses treated the fall of Tsar as a proclamation of universal freedom, equality and direct democracy. The uncontrolled masses transformed into Bolshevik power† (Hobsbawm, 1995, p.36). Many political parties had arose, however, not many of them knew how to rule the huge country. As country mainly was agrarian with more than eighty per-cent of peasants, who were hungry, landless and tired of the endless wars, Bolsheviks who represente... ...cial governmental expenses increase, pension provision and illness insurance are present in today’s life and seem so obvious and obligatory mostly were influenced by the tensions of the working class in Europe and especially Russia in the XX century. In Russian revolution, communism appeared as â€Å"the constructed of a better alternative to capitalist society†, ironically in gave the roots to the socio-capitalistic structure of XXI century, which combines both ideologies of capitalism and socialism under one wing. History of the XX century cannot be understood without looking at Russian Revolution, whose influence brought important effects on present rights and freedoms of every individual in the social structure of today’s society (Hobsbawm, 1995, p.84). Reference Hobsbawm, E. (1995). Age of Extremes: The Short Twentieth Century, 1914-1991. Abacus, 1995.

Microsoft Word

JP Morgan Chase, a financial holding company which merged with Bank One to expand its operations and market for financial products. Their experiences with outsourcing have been bitter and they are on the lookup for better strategies for managing their IT infrastructure. In addition to that, back sourcing did not do much good. It stirred dissatisfaction among employees and senior management. Both the decisions, namely outsourcing and back sourcing, were a drag in productivity and loss in morale for its employees. The above paragraph is drafted for explaining the following features. Thesaurus: This option is exercised to know the synonyms of a particular word and successfully replace a chosen word with a synonym. It is used to find substitutes for a given word. For example: A word namely â€Å"merged† can be replaced with compound, fused or others. Research: It is an option exercised to research the existing text in the document for its proof found at Microsoft Office Online (2007). It is used to review the comments or track changes. Can be cited as pseudo plagiarism software that checks equivalent sentences with others over the internet. Spell check: It is used to check the spelling mistakes in the drafted document and provides options for correcting them. It is a feature which displays several options for the correct spelling and one can either replace or ignore the suggested options. It is used for getting the words spelled correctly according to US English. For example: If the word â€Å"strategies† was written as â€Å"stratagies†, using the spell check it was possible to replace it with the correct word. Grammar check: A feature which evaluates the entire line or a part of the line and suggests the possible best sentence which is alphabetically correct. Ernst (2007) states that it is generally used to replace grammatically incorrect sentences or words with correct ones. For example, if the part of the sentence â€Å"Their experiences with outsourcing have been bitter and they are on the lookup for better strategies for managing† was written as â€Å"Their experiences with outsourcing have been bitter and they is on the lookup for better strategies for managing†, then using grammar check it can be corrected. References Ernst P. Mike (2007).Faculty Strategies for Promoting Student Learning. See:http://www.csudh.edu/titlev/mswordspellinggrammar.htm, accessed on 24th October 2007. Microsoft Office Online (2007), accessed 24th October 2007.            

Popular Music Essay - 2749 Words

Introduction Popular music is popular afresh, and it’s everywhere. Whether it’s the idols, the stars, the competitors or the academy, the burst music industry has not ever flaunted itself to such a large extent. But how can we mark burst music? Where is its place? Many would contend that it pertains sorely littered over the levels of teenager’s bedrooms worldwide. Others would state it is most at home recorded on the bank balance of a foremost multinational organisation. An allotment of persons would assert that burst music has no home, and is just a fad commended by the culturally inept, those who are only adept of enjoying a pre-formatted, formulaic merchandise of the ‘culture industry’. Or is it infects a varied and creative†¦show more content†¦Adorno’s ‘On Popular Music’ may recognise some intriguing points on the building and circulation of burst music as well as highlighting widespread traits of the ‘soundâ⠂¬â„¢ of burst music but ironically his idea is itself very rigid and has some foremost flaws. Adorno did not seem it essential to revise any of his ideas on burst music before he passed away in 1969 even after a time span which numerous would call the birth of ‘modern’ burst music (Clyne 2006).He does not unquestionably recognise the way in which subcultures and communal assemblies adopt popular music and how even a ‘preformatted’ part of music can be utilised to inspire political, communal and cultural reform. If Adorno was correct in conversing of popular music as a normalised and conformist pattern of amusement, we would only require mentioning succinctly a couple of demonstrations to completely discredit this. The Spice Girls and the new type of post-feminist rebellion renowned as ‘Girl Power’ they conveyed about. The early 90’s glimpsed the birth of Ecstasy, glorified by Happy Hardcore, Techno and now Dance music, while children we re vocalising along to ‘Ebenezer Goode’ (The Shamen 1992) the censors failed to choose up on the equitably conspicuous chorus of ‘E’s are good’. The ‘do-what-you-please’ mind-set presented byShow MoreRelatedRepresentation Of Women s Popular Music1340 Words   |  6 PagesRepresentation of Women in Popular music How we view gender images today come from many different factors. They comes from family beliefs, cultural norms, society, and last media. Although women have made great progress for acceptance, equality, and respect. I wonder with the process made, if women are being portrayed more positivity or are they portrayed still negativity. Music is taking a big role in how construct images of gender in todays society. In popular music like pop and rap, are sendingRead MorePopular Music And Its Influence On Music1293 Words   |  6 PagesLastly, I would like to address how popular music controls us to favor popular music. Rather than allowing us to listen to different types of music, such as country music or punk music, popular music conforms us to only listen to the music that is only composed by well-known artists. Popular music restricts us from listening to other songs that are not popular, thus determining what popular music is. First off, what makes popular music popular? The reason t o bring this question up is to remind allRead MorePopular Culture And Popular Music2034 Words   |  9 Pages‘Popular music has been called the soundtracks to our lives: we can hear it on the radio, through our computers, on our iPods or mobile phone, via a CD player or vinyl record deck, piped into shops, and during television adverts and programmes’ (Wall, 2013), music is all around it which makes it such a massive part of popular culture. This essay will explore the study of Popular Culture, in relation to popular music, how it’s changed and why it is so important. It plays a crucial role as it is aRead MoreMusic Is The Most Popular Music938 Words   |  4 PagesAccording to Oxford’s dictionary, music is â€Å"the vocal or instrumental sounds (or both) combined in such a way as to produce beauty of form harmony, and expression of emotion.† Music has been around for a very long time. Music has been an influenced since the beginning of time from the beats and rhythm to just make a nice flow of a song. Music history is sometimes a historical viewpoint in society. Besides, music is breaking down into five main categories: Jazz, Classical, Rhythm and Blues, Pop, RapRead MorePopular Music As Vehicle Of Popular Culture4053 Words   |  17 PagesPOPULAR MUSIC AS VEHICLE OF POPULAR CULTURE, WITH SPECIAL REFERENCE TO CONTEMPORARY MIZO CULTURE By Lalven Sanga INTRODUCTION The rapid growth of communication and development of media brought about changes to the human culture and societies. The study of culture is more complex than ever before. Richard H. Robbins says, â€Å"In cultural anthropology, as in every science, we strive to look beyond the world of everyday experiences to discover the patterns and meanings that lie behind that worldRead MorePsy s Wildly Popular Music885 Words   |  4 PagesRemember back in 2012 all the way through 2013, when all you heard everywhere was â€Å"Eh, sexy lady Op, op, op, op Oppa Gangnam Style† to Psy’s wildly popular song â€Å"Gangnam Style† which has garnered over 2 billion views and counting on YouTube. The genre of this ever so popular song is K-Pop or Korean Popular Music which was virtually unknown to most before the â€Å"Gangnam Style† boom. To some, such as myself, have been an avid K-Pop fan long before the release of â€Å"Gangnam Style.† I have been listeningRead MoreAnalysis of Popular Music Charts910 Words   |  4 Pagesa song is popular or not many people consult one of the various popular music charts. However, do these so called ‘popular music ch arts’ accurately depict what is considered to be popular? By thoroughly analyzing the methods of accessing the popularity of music, Billboard Magazine uses in their top 25 dance/electronic songs for November 30th – December 7th, 2013 this paper aims to discover whether or not popular music charts are the best implication of what is to be considered popular. The analysisRead MoreModern Music And Its Impact On Popular Music1388 Words   |  6 PagesPopular music is an example of what cultural industries produce and also what Theodor Adorno criticizes in his essay, On Popular Music. Theodor Adorno is a German philosopher, socialist, and also a composer. He analyzes popular music with the perspective not only from music, but also from the economic system based on Marx’s idea. This paper first discusses his theory about popular music, including three important key terms and then how he develops this theory based on Marxism. Further, this paperRead MoreMusic Is The M ost Popular Genres Of Music Essay1669 Words   |  7 PagesMusic has been found in every culture in present time, as well as in the past, dating back almost 55,000 years (citation), with roots in Africa. Music is one of the most basic art forms and is a way of life for many; a means of expression relative to emotions, culture, and one’s self. Music is all around us and it’s hard to imagine going one day without listening to some variety of music. Music has evolved tremendously from prehistoric times today, but one thing’s stayed the same – one culture’sRead MoreMusic : The Causes And Effects Of Modern Popular Music1259 Words   |  6 PagesMusic of this generation has been thought to be worse than other generations. There is always the argument that music has gotten worse, and both sides have equally strong evidence. Modern popular music has gotten worse, and that has always been the case, however there are a plethora of other genres and styles o f music that still carry that authenticity and creativeness that we’re missing. Most of the reason for lack of creativity in music is corporate greed. Large companies like to release less inspired