It wys to be the CEO I Over the past 20 years, the payp e s of the USA's CEOs have gone that the roof E CEOs are fired, they may walk away with millions of dollars. The has led to a healed debate in the business world. Just how much does one person deserve to cart To be fair, CEO's job is far from easy. As a firm's top cutive, he or she has a lot of 1 posibility. The CEO represents a company, shapes its direction, and makes decisions that Afflect thousands of workers in good times and had the CEO stands as the thee of the company taking the credit or blame for its performance A CHO' y package include payments such as a salary, wlock options, and bonuses. In 2005, the average pe package for a CEO of a top US company was $15 million. That was 262 times what the verge worker camed. In contrast, in 1965, the average CEOearned 24 times what the w verage worker brought home, Supporters of today's big payplans say they're necessary to attract top talent. Critics y many people in a company contribute to its not just the top e y Eyeshem a company is bough, sol, or morda CEOs cial situation can improve Their contractica pode parachutes in case the company changes ownership. When Gillette was bought by Procter & Gamble, Gillettes CEO received a package worth $165 million After Toys 'R' Us wit sold in 2005, the CEO walked away with S61 million even t though the company faced problems CHOs can also have big pay days when they retire or are fired. ExxonMobil's CEO, upon retiring, left with an exit package worth $400 million. The Home Depot's CEO received $209 million when he left the company in 2007. And that was from a company whese stock price had sharply fallen. The list poes on, including some very good, and We very bad CEO The CEO pay situation has made people furious. Shareholders are calling for pay packages to be tied to a company's performance. They also want to see an end to golden parachutes. Indeed, some companies, like Microsoft and Google, do not offer exit packages to executives, Still, by and large, CHO of a large US company can expect to live very comfortably. That sually holds true even if the firm's stock value is weak or if the company is bought, sold, of merged pagh very furious and people elaut t It Pays to Be the CEO Questions 1. What does the article suggest about CEOS? 1. They make for less money than they wned to b. CEOs have jobs which are very difficult. c. They enjoy taking credit but avoid taking blame d. Most earn more than $15 million yearly ing blame 2. Which of the following is NOT common in a CEO's pay package? indd un pesposten L stock options peypiskey c. profit sharing d salary 3. What is a golden parachute bonus based on a company's profits b. a pay package given to all CEO a payment made if a fim gets a new owner d. a special contracted only by CEO 4. What was shocking about the exit package of The Home Depot's CEO? 1 It was huge even though the firm's stock was doing poorly b. It was paid a few months before the company merged c. It was the largest CEO exit package incorporate history d. It didn't reach the total expected by the company's workers 5. What does the phone calling for in the last paragraph mean? wishing a demanding c. requiring d shouting about