ARTICLE IN PRESS Journal of Financial Economics 88 (2008) 1–25 www.elsevier.com/locate/jfec The power of the pen and executive compensation$ John E. Corea‚ Wayne Guaya‚Â David F. Larckerb a The Wharton School‚ University of Pennsylvania‚ Philadelphia‚ PA 19104‚ USA b Graduate School of Business‚ Stanford University‚ Stanford‚ CA 94305‚ USA Received 28 October 2005; received in revised form 20 March 2007; accepted 4 May 2007 Available online 5 December 2007 Abstract We examine
Premium Mass media Salary Corporate governance
RINGO RAG COMPANY I. Situation Summary The Ringo Rag Company ( Ringo ) purchases rags from multiple sources and recycles them into smaller clean handy rags in a continuous process. Ringo s obtains its raw materials from three suppliers: junk dealers‚ textile convertors‚ and laundries. Ringo uses a standardized manufacturing process for the old rags that includes washing and drying‚ inspecting and grading‚ cutting‚ and packaging. Although Ringo uses a standardized manufacturing process‚ rags
Premium Inventory Cost accounting Grade
change and behaviour infront of priorities 2. Inbound Immigration Migratory movements to cities Unpopulated areas 3. Life expectancy 82‚3 years. Spain is the European country with a higher life expectancy‚ according to WHO. Economic 1. Low salaries Spain Wage Index Wages in Spain decreased to 90.83 Index Points in September of 2013 from 90.90 Index Points in August of 2013. Wages in Spain is reported by the Ministry of the Economy and Finance‚ Spain. Spain Wage Index averaged 73.11 Index
Premium Gender Demography Life expectancy
considerable leeway in administering their own affairs. Bridgeman has right to make market strategy in time. During slack periods‚ company has a policy of employing excess labor on various make-work projects rather than laying the men off. At that time‚ the salary is at about 70% of regular wages. Low labor cost will decrease the cost of production. There are a lot of steel rings on hand and can’t be sold. The total book value of these inventories exceeded $93‚000. Large inventory means less liquid cash. Maybe
Premium Marketing Supply and demand Wage
courses will be offered during work hours. * Employees will be paid for the time they spend in class. * Book will be provided. * Process in these courses will be one of the factors for evaluating employees’ quarterly performance and annual salary. Courses are provided by the local universities Beside these basic course‚ employees are encouraged to take courses at local universities will have the following advantages: * Using the company’s tuition reimbursement program. * Increasing
Free English-language films The Normal Salary
discrimination with regard to wages is an acknowledged fact in India. The details by NSSO reflect this favourtism clearly where‚ on an average‚ a woman’s daily wage is Rs.20 less than that of a man‚ though both work equal hours. In the case of daily salary‚ the difference is of Rs.50. Children are even more exploited‚ especially the girl child. This biasness overlooks the fact of equal number of hours worked‚ skill and labour invested by the female section also the practice is directly contrary to the
Free Gender Discrimination Salary
and stock) system? On what principles is it based? VDS has compensation guides that are based on philosophy that pay is to be in line with output rather than position or seniority. Thus‚ everyone within a job type earned almost the same base salary. Consequently‚ compensations such as commissions and bonus would vary fairly. Commissions which account for 50% and 30% of their income for sales representatives and application engineers each are paid on the basis of output. When it comes to stock
Premium Management Incentive Business
executive pay serves as strong incentives‚ and conceivably‚ it could be stronger with a larger sum of money (Jenson‚ M and Murphy‚ K). Derived from the previous viewpoints and experiences alike‚ the current executive compensation usually comprises base salary‚ performance-based bonus and long-term incentives. The system is supposed to furnish executives not only with a large amount of money‚ but also some equity-based compensation such as stock options and restricted shares (Bebchuk‚ L. A. and Fried‚ J
Premium Board of directors Corporate governance Salary
pupil and tries to understand him and what ne needs to teach him. Right away Pemberton seems to connect to Morgan and Morgan to Pemberton and this is evident especially when Mrs. Morgan gets up to leave and Pemberton takes the job without a definite salary. Morgan Moreen is “the Pupil” the story is written about. He is an eleven year old boy from a amiable American family‚ who is sent to Pemberton for tutoring. The author uses Pemberton’s observations to describe the little boy as weak‚ big eared
Premium Wage Henry James Salary
Pay is one of the most important elements of any organization. It is what compensates‚ drives‚ motivates‚ and rewards employees for the work they do. Or it does the opposite of these things. What is a strategic compensation strategy? Simply stated‚ it is the compensation of employees in ways that enhance motivation and growth‚ while at the same time aligning their efforts with the objectives‚ philosophies‚ and culture of the organization (Bohlander &Snell‚ 2010. Compensation includes all forms
Premium Employment compensation Salary Employment