It is important to remember that each corporation might have many divisions (gas stations). While divisional managers are autonomous, they report to the firm's CEO. You served on the remuneration committee, as discussed previously in Question 1-12, and your board was requested to set the remuneration for the three division managers. Now answer this question: Assuming your committee used the same criteria for setting CEO compensation as was previously mentioned, would you recommend using the same criteria for setting the compensation of the three team leaders? Tell me why you believe that. As a result, they said they were quite concerned about their retirement, and Bobby and Sally L. Rogan, inhabitants of Anchorage, Alaska, just let you know about it. While Bobby, a school teacher, wishes to retire at the age of 62 in order to travel and see relatives, his coworkers want to keep working. Although Sally, a self-employed tour operator, isn't confident that their present retirement plan will meet their objective, she also believes they can do better. Alaska's cost of living, in addition to their other expenditure, has put the family in a situation where they can no longer afford to live the way they used to. Although they had a decent income of much more than $100,000 a year, they started to preparing for retirement only after age 30, when they had only another 20 years until retirement. Despite having set aside a significant portion of his salary into his company's retirement plan, Bobby is investing just 6 percent of his total income, when he is permitted to invest 10 percent. Use what they informed you with the additional information below to assist them in preparing for a financially secure retirement. Is there anything more you can think of that may benefit Bobby and Sally? Is it correct? Which ones? How far will it be expanded? Bobby does not get a business match, therefore should he put the maximum amount in his Roth IRA each year or should he increase his investment in his 403(b) by the same amount? Explain and defend your answer. Let's assume that Bobby and Sally can save more and invest less, as is expected. How do their retirement savings limitations alter before and after age 50? Income replacement is 80% for their first year in retirement, and if inflation is assumed to be 3%, the future value income requirement for their first year in retirement is calculated. To find out how much money they may expect to make each year in retirement, take into consideration that their portfolio has a nominal rate of return, a retirement term, and no additional contributions. Let's take a look at how much income each will have after social security and investment income: as a result, how much will Bobby and Sally need to invest each year to cover their shortfall? Would you recommend that they put their money in which account(s)