Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

reply Some CEOs started their company individually from scratch and some who had gained their title from family business or succession. CEOs who I believe

reply Some CEOs started their company individually from scratch and some who had gained their title from family business or succession. CEOs who I believe earned their way or deserve the amount of compensation are self-made. One of the first example is Howard Putman, the former CEO of Southwest Airlines. He started as a baggage handler at the age of 17 and became CEO of Southwest Airlines from 1978 to 1981. He had earned his way by gaining experience throughout the different levels/positions he had worked. There will always be a conflict about CEO compensation and how they influence an organization. My conflict amongst all is CEOs who earn their titles without any knowledge, or experience, but rather as a family delegation, and this is where the strength and opportunity as a CEO comes in. As the main owner and CEO, they have the power to delegate whomever they want as a replacement, whether they are qualified or not. In summary, to minimize the controversy regarding CEO compensation, there should be at least criteria and requirements that must be met before taking the role

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Risk Management And Insurance

Authors: George E. Rejda

10th Edition

0321414934, 9780321414939

Students also viewed these General Management questions

Question

How have psychologists and others confounded sex and gender?

Answered: 1 week ago