Gaining real-world experience and specialized training

Assignment Help Management Theories

Reference no: EM133694005

Question: From the Compensation Management perspective of trying to rationalize CEO pay compared to the average yearly regular worker salary, justify why the CEO's pay is appropriate. Support your response with specifics. Use the below information for context: The chief executive officer (CEO) is the highest-ranking officer in a corporation. The CEO executes the strategic business plan approved by the board and helps shape that corporate vision. Ultimately, the CEO is responsible for creating value for the corporation's owners: the shareholders. Factors for executive pay: (Supply and Demand for Talent, Experience and Training, Competition, Value, Compensation for Performance). Executives have college degrees from respected universities and Master of Business Administration (MBAs). In addition, executives typically have worked within an industry for decades, gaining real-world experience and specialized training.

Reference no: EM133694005

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