Question
According to the proxy statement of fiscal year 2022 (or the latest) from Nike Inc and answer the following questions: 1. What are the firm's
According to the proxy statement of fiscal year 2022 (or the latest) from Nike Inc and answer the following questions:
1. What are the firm's performance evaluation components used in computing executive pay? How does the firm evaluate CEO's annual performance?
2. Evaluate the performance criteria and evaluation method used in CEO annual incentive contracts. Is it aligned with the company's strategy? What are the potential problems you identify?
3. Briefly summarize the impact of COVID-19 on this firm and come out with realistic recommendations of annual incentive compensation contract design for the CEO. E.g. will you adjust performance measures, target setting and evaluation mechanisms of the annual incentives for the CEO? How?
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Managerial Accounting Tools for business decision making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th edition
470506954, 471345881, 978-0470506950, 9780471345886, 978-0470477144
