Role Of A Chief Executive Officer Essay - 1806 Words

Introduction During the recent, very serious economic recession, the financial media focused a lot of attention on the compensation paid to top business executives (Ford Zhao, 2009, p. 13). Executive compensation plays a fundamental role in attracting and retaining quality managers and provides motivation for executives to perform their duties in shareholders’ best interests (Anderson Bizjak, 2003, p. 1324). Compensation paid to top executives of publicly traded corporations is a politically sensitive area, with critics claiming that amounts paid to executives are too high, and corporations arguing they need to pay to attract (Balsam, 2014, p. 3). Research has shown that when a corporation is performing poorly, shareholder proposals on executive compensation are likely to be made, and more recently shareholder proposals have sought to tie executive pay to performance (Balsam, 2014, p. 4). With this in mind, this essay is constructed to evaluate the role of a chief executive officer (CEO) and argue whether or not they are being overpaid, when looking in terms of company performance. Role of a Chief Executive Officer In order to truly understand whether a CEO is overpaid or not we need to first analyze the role in which a CEO has on the performance of a company. With an increasingly uncertain and turbulent environment, coupled with growing organisational complexity, suggests a greater centrality of the role of the CEO (Zuckerman, 1989, p. 25). According toShow MoreRelatedThe Role Of A Chief Executive Officer3092 Words   |  13 PagesIntroduction The Road to Becoming an Executive At some point in life, people dream of being the boss in the work place. Whether it is owning a business, being a supervisor, or being an executive, at some point being in charge seems like the place to be. However, it takes a lot to be a leader and not everyone is cut out for the leadership role. 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