Description: A recent study finds that fellow CEOs may boost CEO pay. Some boards include CEOs of other firms, who might also benefit from voting for a raise in a CEO pay. Source: CBC Date: April 09, 2015 Video Link: http://www.cbc.ca/player/News/Business/ID/2663187109/ Questions for Discussion: What does the study reveal about CEO pay? Do you feel… Read more »
Posts Categorized: Human Resource Management
McDonald’s will increase employee pay and offer vacation benefits
Description: McDonald’s plans to increase employee’s pay by $1 from the minimum local wage; this will apply only to McDonald’s operated locations and not to those run by franchisees—franchisees account for 90% of all McDonald’s locations. Source: Business News Network Date: April 02, 2015 Link: http://www.bnn.ca/News/2015/4/2/McDonalds-will-raise-worker-pay-by-more-than-10-Journal-says.aspx Questions for Discussion: Why has McDonald’s decided to increase… Read more »
Canada’s MBA problems
Description: It seems Canadians are rejecting the MBA program. Applications from Canadian students to MBA programs have declined considerably. With over 100 schools offering MBA programs, this raises a unique challenge for business schools across North America. Source: The Globe and Mail Date: April 03, 2015 Link: http://www.theglobeandmail.com/report-on-business/video/video-mba/article23767894/ Questions for Discussion: Why are Canadian students… Read more »
Wal-Mart spending $1 billion for pay increase
Description: With support from CEO Doug McMillon, Wal-Mart has initiated a pay increase for its employees. Wal-Mart intends to spend $1 billion to support this pay increase, which will include increasing hourly pay to at least $9 by April and $10 by next February. Source: Business News Network Date: February 20, 2015 Link: http://www.bnn.ca/News/2015/2/20/How-Wal-Marts-CEO-came-to-support-a-1-Billion-pay-increase.aspx Questions… Read more »
Despite similar degree and experience, women still earn less in finance
Description: The wage gap is still large for women employees in the finance sector. According to data collected by Bloomberg Business last year, women who graduated from business schools earned an average of US$21,872 less than male MBAs. Source: Financial Post Date: January 30, 2015 Link: http://business.financialpost.com/2015/01/30/same-job-same-performance-same-experience-same-degree-women-still-make-less-in-finance/ Questions for Discussion: Why is there still a… Read more »
CEOs make big bucks on corporate mergers and acquisitions
Description: Although studies have increasingly found that big mergers and acquisitions do not necessarily create wealth for shareholders, however, these big takeovers create tremendous payouts for CEOs who are selling their companies. CEOs of top 10 U.S. companies that were recently sold made an estimated $430 million. Source: CBC Date: November 21, 2014 Link: http://www.cbc.ca/news/business/big-takeovers-mean-big-bucks-for-bosses-report-finds-1.2844440… Read more »
Scotiabank to cut 1,500 jobs and close 120 branches worldwide
Description: Scotiabank CEO, Brian Porter, announced several important changes to its operations. These changes include cutting 1,500 jobs (two-thirds of these in Canada) and closing 120 branches in foreign markets. Source: Business News Network Date: November 04, 2014 Video Link: http://www.bnn.ca/News/2014/11/4/Scotiabank-to-cut-1500-jobs-close-about-120-branches-amid-writedown-.aspx Questions for Discussion: Analyze the reasons that led Brian Porter to make these changes…. Read more »
Bank CEO’s are paid too much: TD Bank CEO admits
Description: Toronto-Dominion’s outgoing CEO, Ed Clark, admits that bank chief executives are paid too much. There is a growing spread between average incomes and what senior executives are paid at the bank. Source: CBC Date: October , 2014 Video Link: http://www.cbc.ca/news/business/td-ceo-ed-clark-i-m-paid-too-much-so-i-give-back-1.2818836 Questions for Discussion: Do bank chief executives deserve such high salaries? Why or Why… Read more »
Sears Canada looking for its fourth CEO in three years
Description: Sears Canada CEO, Douglas Campbell, resigned after only spending one year at the top position. He cited family reasons for his resignation. This aggravates the already precarious situation Sears finds itself in – for the last eight years, its sales have continued to decline. Source: Financial Post Date: September 25, 2014 Link: http://business.financialpost.com/2014/09/25/sears-canada-ceo-douglas-campbell-resigns-after-one-year-in-the-job/ Questions… Read more »
Union challenges Air Canada’s move to reduce flight attendants on its flights
Description: Air Canada, in line with other airlines such as WestJet, are going ahead with a policy of one flight attendant per 50 passengers. The Canadian Union of Public Employees, with more than 7,000 Air Canada flight attendants, has challenged this decision at the Federal court. Source: BNN Date: August 08, 2014 Link:http://www.bnn.ca/News/2014/8/8/Union-challenges-Air-Canadas-move-to-fewer-flight-attendants.aspx Questions for Discussion:… Read more »
