O QUESTION C: Executive Compensation (Ch 23, LO 1) Read the following: Chapter 23, pages...
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O QUESTION C: Executive Compensation (Ch 23, LO 1) Read the following: Chapter 23, pages 924-925 Link to: Canada's top CEOS saw average pay increase of almost $100k in 2020 | The Star Required: Answer the following questions: 1. Describe your initial reaction to learning that top paid CEOs in Canada make close to $11 million. (Do you think it's fair? Why or why not?) NOTE: there is not a 'right' or 'wrong' answer to this question. This is your opinion. 2. The article includes this illustration: How top CEOs get paid Unlike most people, top CEOS get almost 90% of their compensation from things that aren't their salary ][ Cash Bonus Stock Options Stocks Base Salary Pension Other Perks 0 $4,241,560 $2,455,233 $2,110,718 $1,253,559 $408,740 $347,683 1 Percentage(%) of compensation a. Assume that most cash bonuses are given based on achieving an acceptable return on investment i. Would you consider this to be deferred compensation? Why or why not? ii. How does a cash bonus based on ROI motivate a manager? b. How do stock options and stocks motivate a manager? c. What purpose does a base salary serve? (this isn't discussed specifically in the textbook. Do a quick google search to find an answer or come up with your own answer.) W
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