Description: Hilcorp Energy Co., a Houston based private oil exploration company, is awarding nearly 1,400 of its employees a bonus of $100,000 after it met its five-year goals. Source: Financial Post Date: December 10, 2015 Text Link: http://business.financialpost.com/executive/careers/this-houston-energy-company-is-giving-every-one-of-its-1400-employees-a-us100000-bonus Questions for Discussion: Is the bonus too extravagant? Would you prefer to work in a similar company where… Read more »
Posts Tagged: Compensation (pp310-312)
Lavish executive pay on the rise
Description: With increasing shareholder discontent towards lavish executive pay, one would assume that high executive pay will be curbed. However, the opposite seems true. In the U.S. C.E.O. pay has risen on average 12 percent annually. Source: New York Times Date: May 16, 2015 Video Link: http://www.nytimes.com/2015/05/17/business/shareholders-votes-have-done-little-to-curb-lavish-executive-pay.html?ref=business&_r=0 Questions for Discussion: Why has executive pay… Read more »
CEO pay boosted by fellow CEOs
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 »
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 »
Senior Target managers get large cash payout but no such payouts for front-line workers
Description: Target, which recently decided to close all its stores in Canada, will give out a large cash payout to its senior managers, however, there’s no such payout for its 17,000 front-line workers. Source: CBC Date: January 24, 2015 Link: http://www.cbc.ca/news/business/top-target-canada-managers-get-big-cash-payouts-as-stores-close-1.2930064 Questions for Discussion: Provide a rationale for why Target is giving a large cash… 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 »
Joe Oliver Cuts Employment Insurance Premiums to Spur Job Growth
Description: In an effort to spur small businesses to increase hiring, Finance Minister, Joe Oliver, announced a cut in employment insurance premiums for small businesses. It is expected that this will reduce small businesses’ EI costs by 15 per cent. Source: CBC Date: September 11, 2014 Video Link: http://www.cbc.ca/player/News/Business/ID/2514908320/ Questions for Discussion: Will this cut… Read more »
Ontario minimum wage increases to $11.
Description: The minimum wage in Ontario is increased to $11 per hour. This means that Ontario along with Nunavut have the highest minimum wages in Canada. Source: CBC Date: Jan 30, 2014 Link: http://www.cbc.ca/player/News/Business/ID/2433960206/ Questions for Discussion: What are the different views from the workers and the employers? What are the benefits and drawback of… Read more »
New Work Contracts
The economic recession is forcing companies to reduce costs in order to remain viable. Labor costs, both pay and benefits, represent one of the biggest cost items for companies. As a result, health insurance and pensions are increasingly scrutinized. Many employers are transferring responsibility for managing benefits to workers. This means that workers are expected… Read more »
