John Mackey, CEO of Whole Foods, keeps his pay low to keep staff morale high and donates
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John Mackey, CEO of Whole Foods, keeps his pay low to keep staff morale high and donates half of his pay to charity. Most of his pay is based on Whole Foods’ performance. Mackey has blogged that stratospheric CEO pay is bad for business because it creates employee dissatisfaction, reduces employee loyalty, and induces the most talented employees to leave. Do you agree with Mackey’s outlook? Do you think more CEOs should follow his example? Explain.
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Related Book For
Managing Human Resources
ISBN: 9780135196007
9th Edition
Authors: Luis Gomez-Mejia, David Balkin, Kenneth Carson
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