CEOs with the highest pay
Excerpt from full text:
“…But does excessive pay CEO really matter? Yes, for several reasons. It’s often a red flag that board members are mere CEO lapdogs — not great news for investors who need boards to nudge top managers to perform for them. Second, excessive CEO pay can signal that a company has an “imperial CEO” and that it’s doing too little to groom its next leader, which makes for poor succession planning.
Big picture, there’s also the issue of whether widening pay gaps and the increasingly stratified class structure in the United States is eroding the historically egalitarian underpinnings of U.S. capitalism — and thus demoralizing the workforce.”
Should companies care about the health and wellness of their employees?
Alere Wellbeing recently presented a webinar hosted by Dr. Ron Goetzel of Emory University and Thomson Reuters, discussing the cost of health and productivity-related expenditures that employers face, the role obesity plays in creating or exacerbating these conditions, and how employers can support obese and overweight employees.
Here are a few highlights:
U.S. Health Expenditure as a Percentage of GDP:
Projected annual growth for healthcare expense is 5.8% until 2020
*Keehan et al. Health Affairs. 30:8. August 2011
According to Ken Thorpe, while approximately 37% of the rise in annual healthcare expense can be attributed to innovation and advances in technology, 63% is attributed to increased disease prevalence. An estimated 27% of these costs are associated with obesity.
If you improve the health and well being of your employees:
Quality of life improves
Health care utilization is reduced
Disability is controlled
Productivity is enhanced through both attendance as well as presenteeism
In short, healthy people get more done. Without even factoring in reduced medical expense to the firm, employee morale, productivity, presenteeism, attendance and in turn, organizational effectiveness, all increase. It pays to care about the health of your employees.
Does your company invest in your health/well-being? If so, how?
Why Well-Paid Employees Are Good for Business
“We know it’s a lot more profitable in the long term to minimize employee turnover and maximize employee productivity, commitment and loyalty.”
-Costco CEO Craig Jelinek
‘Pay for Performance’ No Longer a Punchline
Company directors say they pay CEOs based on performance. Now the numbers show
they mean it.
More than half of the compensation awarded to 51 CEOs last year was tied to
their companies’ financial or stock-market performance, according to a
preliminary review of proxy statements by consulting firm Hay Group and The Wall
Street Journal. In most cases, the companies must hit specified targets for the
CEO to receive the promised money or equity.
Paul Krugman: Raising The Minimum Wage Is ‘Good Policy’
The federal minimum wage hasn’t increased since 2009. According to a 2012 study from the Center for Economic and Policy Research, the minimum wage would actually be $21.72 an hour if it kept pace with increases in worker productivity.