Corporate socail responsiblity Essay Example | Topics and Well Written Essays - 750 words

Corporate socail responsiblity - Essay Example This paper will discuss the nature of capitalism, the nature of the corporation and the function of the CEO in order to determine if the compensation for the position is legitimate. Within the capitalist framework, individuals are compensated proportionally to their contribution to society at large. This means that the level at which individuals are able to contribute to the expansion of the GDP for the nation at large determines how much they will be compensated (Feltus, 2009). This is empirically proven true through the fact that business owners, inventors, and shareholders typically make the most amount of money within the economy. This is because their service expands the total amount of currency that is exchanged within the boarders. The relation that this has to CEO compensation is the type of work that individuals complete. Employers are typically part of a machine that produces and/or disseminates products and services, while individuals who are a part of upper management typ ically perform task that involve the structuring of the organization (Feltus, 2009). Capitalism forces individuals to become either suppliers or consumers. This is evident within the theory that drives the economy; the law of supply and demand. This laws makes is abundantly clear that individuals will not be able to break away from the cycle of consumerism and supply. This same law can be applied to the position of the CEO. There is an extremely short supply of individuals who are capable of performing the task that are delegated to the CEO because of the massive knowledge requirements and experience needed for it to function (Shleifer, 1997). Therefore when the supply his low, individuals who take those positions are able to demand more pay and salary. In terms of the employee, there is a much larger supply of individuals who are capable of completing entry and middle level task (Shleifer, 1997). Therefore they are less capable of demanding as much for their work. In terms of the c orporate structure itself, publicly traded companies have a disconnect between the owners and the operatives. Shareholders specifically vote on the board of directors who are responsible for determining who will be CEO. The corporate structure then plays a role in why the CEO is gets such a large salary, because he is the chief officer who reports directly to the shareholders. Since shareholders attempt to maximize profit at all cost, the reason why they are willing to pay the CEO so much is because they want to create incentives for loyalty and responsibility (Clarke, 2004). CEOs exist to help maximize profit for the shareholders and determine what strategies are most and least effective in terms of the companies operations. While large compensation for the CEO is one means of achieving such ends, John Mackie claims that â€Å"Whole Foods has not lost employees it wanted to keep because of higher salaries elsewhere. He believes that once basic financial needs are met, ‘deepe r purpose, personal growth, self-actualization, and caring relationships provide very powerful motivations and are more important than financial compensation for creating both loyalty and a high performing organization (O’Brien, 2010).’† This means that the company can also benefit from paying employees even more which increases the return on investment for human capital. The function of the CEO is another overly important reason for the increased compensation that must be

Inheriting My Culture Essay Example | Topics and Well Written Essays - 1000 words

Inheriting My Culture - Essay Example I remember very well it was on the 24th of August 2009, a Thursday afternoon when I received a call from my mother. Little did I know that this would be the call that would change my attitude towards the culture of my people. I was with my friends shooting pool at the campus lounge. She told me that my grandfather who we nicknamed â€Å"Pa† had asked for me to go visit him in hospital. At the time he was eighty years old and had been diagnosed earlier in the year with throat cancer. By the time the cancer was caught it had grown so much that the doctors said he had a maximum of eight months to leave. So after being given the news by my mother I left my friends and decided to go see him. On reaching the hospital I found my mum and my extended family waiting in the hall way with most of them soaked in tears. Instantly I assumed the inevitable had happened and I also broke down into tears. When my mother saw me she told me that my grandfather was still alive but the doctors had informed them that he only had a few hours of life. I went to the cancer ward and entered his room. When he heard the door he immediately asked;† Chang is that you?† and I answered while crying; â€Å"yes grandfather†. He turned his head with a lot of effort after noticing I was crying and stretched out his hand towards me and told me that there was no need for crying because he was going to a better place. I went closer to him and held his hand. He told me that there was not much time left and that he had something to important to tell me. He pointed at the closet and told me to go pick a brown leather bag. I did as he instructed and brought it to him. He asked me to open th e bag and after opening the bag I saw two sets of painting brushes and some ink. This is where he informed me that we come from a family of brush painters and that the art was handed down from father to son for hundreds of years. He then told me that since my father was not alive and I was the oldest male child in our family that it was my turn to continue the family culture and that I should also hand it down to my siblings in future. He started coughing heavily and managed to utter â€Å"do not forget your roots Chang† before the doctors and nurses came in and asked me to go outside. I went to the hall way and five minutes later the doctor came to where we had sat in the waiting hall while nodding his head. Everyone broke into tears as we found out â€Å"Pa â€Å"had passed on. According to our culture, if an elderly person dies, a wake should be held for at least three days then the body is cremated. Due to financial constraints, the family decided to hold a wake for my grandfather one week after we had raised money to clear the enormous hospital bill. I decided to research on the tools my grandfather left me in order for me to paint a picture within that one week for it to be displayed during the wake in memory of my late grandfather. After doing a lot of research in the library about the painting brushes my grandfather left me I discovered that I come from a generation of remarkable painters. I discovered that our family was specifically renowned for a type of painting known as Chinese brush painting. This is a type of art painting in China where once a paint brush strokes the Painting paper with painting ink, it is neither corrected nor is it improved (Cherrett, 2). No sketch or model whatsoever is used in the course of brush painting. From the