Economics and Controversy over Executive Compensation Free Essay Example, 1500 words

The author accentuates that since the CEOs were entrusted so many key responsibilities, it would be unfair to criticize them when they received a bonus or high salary, more so when the company was doing very well. Money was the greatest factor in driving CEOs to attain higher levels of productivity. According to an HR analyst, "the performance of the US economy during the 1990s proved the fact that higher compensation motivated higher productivity, which in turn led to the all-round development of the economy" (Jensen, 1976, p. 26)Companies argued that high CEO compensation was also dependent on the market conditions of a particular industry. Several companies were willing to pay large compensation packages to attract the best CEOs in the industry. According to a study conducted by a research organization called Venture One, the competition for tapping the right executive talent had increased tremendously over the recent years. High compensation for CEOs was justified if they perfor med well and enabled the company to grow in spite of an economic downturn. Though the high compensation package for CEOs was justified by some companies and corporate board members, it was not welcomed by public investors and other stakeholders. We will write a custom essay sample on Economics and Controversy over Executive Compensation or any topic specifically for you Only $17.96 $11.86/pageorder now Some of them felt that such high compensation packages added to the company's burgeoning costs. They argued that these packages did not ensure loyalty or minimize the turnover of CEOs and top management. Highly-paid CEOs might as well quit the job as low paid CEOs would. They also felt that high compensation to CEOs need not necessarily lead to improved performance or ensure a steady increase in stock prices. In fact, it only served to increase the inequalities of income between the top executives and other employees of the organization. Critics of high CEO compensation argued that stock options were not effective in attracting the best of management talent or arresting the high CEO and top executives' turnover. They said, when a company was not performing well, the CEO's compensation should not be hiked.

Critique Of A Research Study - 2122 Words

Critique of a Research Study Stacy Shaffer PSY326 Instructor Nowlin April 27, 2015 Critique of a Research Study I. Introduction The purpose of this article is to critique the article â€Å"Factors Involved in Recovery from Schizophrenia: A Qualitative Study of Thai Mental Health Nurses†, (Kaewprom, Curtis Deane, 2011). Through qualitative research, the authors of this article aimed to answer the question of what factors are present in the recovery from schizophrenia. In recent years, Thailand has come a long way in how it views mental illnesses. And because of this, the country has taken remarkable steps to provide care for those suffering from mental illness such as schizophrenia To gain a better understanding of what exactly the researchers were trying to answer, research was done on schizophrenia. Schizophrenia impairs a person’s emotional and cognitive abilities to interact with other people. Should these impairments not be assessed and treated affectively, it could delay recovery (Martin, Becker, Cicero Kerns, 2013). After careful review of this article, I came to the conclusion that the authors did present a very well-balanced summary based on the current knowledge about schizophrenia. It did not appear that there were any hidden issues, ethical or not, and it did not appear that there was any bias in the article. II. Methods After reviewing the article, â€Å"Factors Involved in Recovery from Schizophrenia: A Qualitative Study of Thai Mental Health Nurses†,Show MoreRelatedCritique of Research Study1431 Words   |  6 Pagesreview and critique Hesss quantitative study of vascular access improvement in pediatric population by using a vein viewing device. The author utilized a prospective, non-randomized study at a tertiary care center. The sample of the study included 150 procedures in the control group and 91 procedures in the experimental group from the ages 0 to 17 years. The primary aim of the study was to increase the first-attempt success rate of venipuncture and decrease procedure time for the study populationRead MoreCritique Of A Research Study1803 Words   |  8 PagesExcelsior College M7A1: Critique of a Research Study This paper critiques â€Å"Patient Education in Rural Community Hospitals: Registered Nurses Attitudes and Degrees of Comfort† (Jones, 2010). The study’s purpose, the author stated, was to look at how certain variables affected registered nurses’ attitudes toward and comfort with educating their patients (p. 43). Jones also said that one aspect of the research’s purpose was to check how attitudes affected how information was transmitted toRead MoreA Critique On Research : A Nurse Led Intervention Study2067 Words   |  9 Pages A CRITIQUE ON RESEARCH: A NURSE-LED INTERVENTION STUDY: PROMOTING COMPLIANCE WITH DISKUS INHALER USE IN ASTHMA PATIENTS. PRATIKSHA SHRESTHA U1068356 RESEARCH METHODS OF NURSING NUR2300 DATE SUBMITTED: 03/06/2016 SUBMITTED TO DR LISA BECCARIA MR JOHAN WIESNER AND PROFESSOR DIANE DUFF INTRODUCTION Throughout the 21st century, the role of the nurse has evolved drastically. While nurses have different roles and responsibility the primary goal is to provide the quality care for theRead More Research Critique of Study on Newborn Temperature Regulation1453 Words   |  6 Pagesnbsp;nbsp;nbsp;nbsp;nbsp;The authors (Chiu, Anderson, amp; Burkhammer, 2005) of the article present all the essential components of the research study. There will be a decrease in temperature in the newborn if having difficulties breastfeeding while having skin-to-skin contact with the mother. That was the inferred hypothesis. The method used to gather the information was a pretest-test-posttest study design and the sample consisted of 48 full-term infants. The key findings showed most infants reached and maintainedRead MoreResearch Critique Part 2 Quantitative Study845 Words   |  4 PagesAnalysis of a Quantitative Study Introduction Research analyzing is a process in which a research undergoes a careful examination for its strength and weakness. Analyzing a research gives the nurse a chance to know the credibility of the study, its findings to see the evidence base for practice or utilization or application of the findings into the care practice. This paper is about analysis of a research conducted in relation to wound care in primary health care. This research took place in StockholmRead MoreNur518 R7 Quantitative Article Analysis Worksheet Nc Essay1065 Words   |  5 Pagesï » ¿University of Phoenix Material Quantitative Article Analysis Worksheet Analyze and critique a quantitative nursing research article from a nursing research journal published within the past five years. Include 3 scholarly references—the article, the text, and one outside source. Use the Guidelines for Quantitative Nursing Research Critique to complete the following steps: 1. State the purpose of the study and identify the problem. Patients in the intensive care unit (ICU) often require enteralRead MoreNrs-433v Week 4 Benchmark - Research Critique Part 2709 Words   |  3 PagesNRS-433V Week 4 Benchmark - Research Critique Part 2 To purchase this tutorial visit here: http://mindsblow.us/question_des/NRS-433VWeek4Benchmark-ResearchCritiquePart2/2855 contact us at: help@mindblows.us NRS-433V Week 4 Benchmark - Research Critique Part 2 Prepare a critical analysis of a quantitative study focusing on protection of human participants, data collection, data management and analysis, problem statement, and interpretation of findings. The quantitative research article can be from yourRead MoreCritical Analysis of the Article Transforming Workplace Relationships1134 Words   |  5 PagesAnalyze Critique State the purpose of the study and identify the problem. In the article, Macphee (2010) is studying the impact that leadership is having on a health care environment. This is designed to identify the best practices and help nurses to implement these concepts. The problem that is being studied is: how most facilities have their own policies and procedures (which will have an impact on quality). To determine the best practices, actuaries are focusing on what attributes can improveRead MoreQuantitative Critique Essay1200 Words   |  5 PagesRunning head: QUANTITATIVE RESEARCH CRITIQUE 1 Quantitative Research Critique By Elisabeth Bryant A Paper Submitted in partial fulfillment of the requirements for NU 533 Advanced Nursing Research University of South Alabama College of Nursing Spring 2011 QUANTITATIVE CRITIQUE 2 Quantitative Research Critique This is a critique of the quantitative research article titled Influence of Obesity and Type 2 Diabetes on Gluconeogenesis and Glucose Output in Humans studied by Amelia GastaldelliRead MoreCritique Steps (Understanding Quantitative Research)1258 Words   |  6 PagesOUTLINE OF BASIC CRITIQUE STEPS (understanding quantitative research): Brink and Wood (1994), and Burnes and Groves (1997), similarly describe the steps for quantitative nursing research process and methods. The authors include not only the basic steps to conduct nursing studies, but also translating the studies into articles for publication. According to Burnes Groves (1997), and Hamric and Spross (1992), the quantitative research method is used to describe or gain more information, test relationships

British and American Press Free Essays

5. British and American Press Nearly 80% of all households in Britain buy a copy of one of the main national papers every day – the British are the third biggest newspaper readers. Newspaper publications are dominated by the national press. We will write a custom essay sample on British and American Press or any similar topic only for you Order Now Non-national, local and regional papers, with significant circulations are published mostly in the evenings, when they don’t compete with national ones. â€Å"The Sunday papers† are mostly national, they sell slightly more copies and thicker. British â€Å"paper round† is organized to provide people with their morning papers delivered to their door by a teenager who gets up at around half-past five every day in order to earn a it of extra pocket money. There are 2 types of national papers: â€Å"broadsheets† or â€Å"quality papers† cater for the better educated readers, and â€Å"tabloids† sell to a much larger readership with more pictures than print. Broadsheets devote much space to politics and â€Å"serious topics†, they are twice as large as tabloids which concentrate on â€Å"human interest stories† like sex and scandal and cover it in a simpler style of English. None of the big national newspaper â€Å"belongs† to a political party. However each paper has an idea of what kind of reader it is appealing and has a fairly predictable political outlook. If you go into any well-stocked newsagent’s in Britain, you will find rows and rows of magazines catering for almost every imaginable taste and specializing in almost every imaginable pastime. Among these publications there are a few weeklies dealing with news and current affairs, and they manage to achieve a circulation of more than a hundred thousand. The most influential British daily paper is THE TIMES. It was founded by John Walter in 1785 as THE DAILY UNIVERSAL REGISTER, then renamed THE TIMES in 1788. Was also called as THUDERER for its formidable editorials (was the 1st paper to employ foreign correspondents). Its prestige raised due to marketing slogan TOP PEOPLE READ THE TIMES. Now is owned by the international press magnate Rupert Murdoch. Its published in London with a circulation of almost 450  000. American Press. Newspapers have declined in their influence and penetration into American households over the years. The U. S. does not have a national paper. Although the Times’ primary audience has always been the people of New York City, the New York Times has gradually become the dominant national â€Å"newspaper of record. † With very few exceptions, all the newspapers in the U. S. are privately owned, either by large chains such as  Gannett  or  McClatchy, which own dozens or even hundreds of newspapers; by small chains that own a handful of papers; or in a situation that is increasingly rare, by individuals or families. Most general-purpose newspapers are either being printed one time a week, usually on Thursday or Friday, or are printed daily. Weekly newspapers tend to have much smaller circulation and are more prevalent in rural communities or small towns. Major cities often have â€Å"alternative weeklies† to complement the mainstream daily paper(s), for example, New York City’s  Village Voice  or Los Angeles’  L. A. Weekly, to name two of the best-known. Major cities may also support a local business journal, trade papers relating to local industries, and papers for local ethnic and social groups. Probably due to competition from other media, the number of daily newspapers in the U. S. has declined over the past half-centuryIn particular, the number of evening newspapers has fallen by almost one-half since 1970, while the number of morning editions and Sunday editions has grown. How to cite British and American Press, Papers

The Legal Position Of Qantas Airlines Ltd â€Myassignmenthelp.Com

Question: Discuss About The Legal Position Of Qantas Airlines Ltd? Answer: Introducation It is essential to have a legitimate offer and the acceptance of the parties involved in order to make a binding agreement, as in the case of Wakeling v Ripley.[1] It is needed of the parties involved to agree on the contractual terms in a similar way as with the other parties, as seen in the case of Riches v Hogben.[2] It is to be noted that once the contract papers and its terms are signed by the parties, the contract is legally bound, not changing when the said parties were unaware of the terms and conditions written on it, as noticed as stated in LEstrange v Graucob [3] case. A party in the contract has the power to limit, meaning that its Contractual Liabilities can be included in the Exclusion Clause. The same cannot be said the the case of Legal Liabilities though, lawed by Chapelton v Barry Urban District Council. It is not need that a binding contract to always be signed expressly, its validity is totally up to the agreement of the said contract in the first place.[4] Thats what proves it valid, legally. It is necessary that any new contractual term that has never been used before by the parties be notified to the other parties immediately and brought into their attention in order for it to be legal, as shown in the case of Causer v Browne.[5] When a term of contract is not given into the awareness of the detriment party, then that contract is branded as legally invalid, as stated in the case of Thornton v Shoe Lane Parking Ltd.[6] A contract when formed always stays the same. The contracted when formulated and signed cannot be changed or modified in any way, as given in the case of Interphoto Picture Library v Stiletto Visual Programmes Ltd.[7] If any breach of the contractual terms and conditions are broken, the parties can go for repudiation of the said contract and claim any damages that were resulted by the breach in any possible way A Warranty is a word that too belongs in the terminology, used to signify those contractual terms that do not, in any way authorize the releasing an aggrieved party from the liabilities of a contract by itself. They are said to be of less significance in a contract as they play no important part in the formation of its subject matter. Even if the warranties of a contract do not comply with the situation of the suffering party, the compensation for damage can be claimed nevertheless in case if there is a breach. The principals of Damage, contract law empower the court of justice to bestow damages in compensations to the suffering party. It is expected of the court to pass absolute justice and rightful decisions, such that the compensation is enough for the aggrieved party to restore its former position if a violation or a breach in terms are noticed. The compensation is inclusive of any loss that the party might have suffered due to the unforeseen damages caused by the breach in contract whether Warranty or Conditional, as provided by by Tabcorp Holdings Ltd v Bowen Investments Pty Ltd.[8] Application To determine the contractual situation of Qantas and Airbus, it is necessary for to see whether valid offer and mutual acceptance was undertaken between the above parties in the first place. It is seen that it was rightfully decided by the two parties to agree on 545 clauses incorporated in the agreement in order to fulfill the contract, this further proves the point that the parties must have had made a valid offer and mutual acceptance. This would mean that the parties decided to agree on all the said terms and conditions by their own free will and in the same way as the other. Hence, a contract binding both parties is formed. But, it is further seen that Airbus sent a number documents to Quantas, which was inclusive of the said contract, colour scheme along with certain limitations of the liability clause that were not in the contract to begin, after the signing of the legal binding was done. It was provided on the Liability clause that the liabilities in the company are to be restricted to $300000. As said previously, it can be concluded that a party involved in a contract is given the ability to precede an exclusion clause to reduce its liabilities. But, as stated in the Causer case, it was necessary for Airbus to notify Qantas of any such new exclusion clauses and bring them to their knowledge. Hence, the newly formed exclusion clauses can in no way be a part of the contract what so ever as provided in the Thorton case, since, the knowledge of it was not expressly revealed by Airbus to Qantas. The consent of both the parties are required of a new term is to be incorporated in the the said contract, hence, Airbuss attempt to slander the terms of contract by not bring the exclusion clause in notice was legally invalid and unacceptable. It was so stated in the contracted that Airbus will provide Qantas with a plane of fine quality, fully equipped with video entertainment accessories providing a range of 36 channels. Due to certain technical failures, it was then noticed that Airbus could only provide them with 34 channels in all. Referring to the matter of the subject, it can clearly be considered as a breach in contract, entitling Qantas to a compensation and repudiation of the contract. As stated in the said principles of damage in the the contract, Airbus is liable for breaching which resulted in damage, entitling Qantas to a compensation. When the losses amount more than $300000, Airbus has to remit the amount as the exclusion clause will be left invalid. There are clear differences between misrepresentation and Puffery. Puffery is a process of exaggerating multiple facts in order to advertise oneself or an organisation. Such actions attract no legal liability, as provided in Dimmock v Hallett.[10] Misrepresentation is seen when a party establishes false statements and comments on in order to attract another party as to bind a legal contract. An example of such uncanny reliance is stated in the case of Hill v Rose.[11] As seen in the Lockhart v Osman case, a suit of misrepresentation can only be filed when the suffering party was not aware of its existence and the lies involved in it at all, whatsoever.[12] Which means the party has no true sense of judgment over the act. Thus, it is clearly seen that misrepresentation has to have the ability to forcefully induce and persuade an individual to enter a legal contract. Silence cannot be taken as a part of misrepresentation, all facts provided must be true and justified in every way possible. For example, if seller were to tell a consumer that a certain product was tested but intentionally avoids discussing the outcome of it, can be considered as misrepresentation. In Fraudulent Misrepresentation, it was then ruled by the judges that if an action takes place with the person stating facts knowing it full well that the facts stated are false, it can be termed as fraudulent misrepresentation, in the case of Derry v Peek.[13] The parties affected by it are subjected to compensation and rescission. As provided in the leading case of Pioneer Mortgage Services Pty Ltd v Columbus Capital Pty Ltd, the principal responsible for the conduct that his agents carry out. Such rules are only applicable if the said person has the rightful claim and has implied, apparent or an authority that is expressly provided. In the case of Cropper v Cook, 1867, the court opined that if the given concerned authority was not granted by the principle to the agent and another party believes that there should be an authority in an implied sense, then the principle must act according to the agents demands. It was ruled by the court of law, in the Watteau v Fenwick case, that if no authority has been provided by the principle to the agent, then their relationship ceases to exist.[14] The principle is bound to set a contract with a third party who is not aware of such termination of authority. In the above case, it is given that Gemma has appointed Frank for a sales job in her appliance shop. It is given that a second hand dishwasher was on display for sale for $350. A customer, Tom, told Gemma that he was interested purchasing it for the given price. Gemma knew that Frances was in need of a dishwasher and promised her that he would urge Frank so that he sells it to her for $300. So, to induce frank into selling the product to France, she lied to him that the particular dishwasher would never procure $350 if sold. Frank, being a hired salesperson, was easily convinced by Gemma and sells the product to Frances for $300. It was later found out that Frank was ready to pay $350, in the first place. It was seen that Gemma filled Frank with wrong information knowing it full well that the facts she stated were based lies and thus induced him on selling it below its original rate to Frances. Gemma had committed an act of Fraudulent Misrepresentation and has to compensate Fanks with an amount of $50 which can be taken as the cost of damage. Bob was also a salesperson who worked for Frank. He was responsible for inducing Angela in respect of sales of Washing Machine. In his case, it was seen that he was always late for work and remained drunk for most of the time. Due to this, he was laid off by Frank and was requested to leave. Bob, then draws up a contract involving Angela, who had no knowledge of his previous tussle with Frank. It was decided that Bob would sell ten washing machines worth $1000 each, and deposited $1000 in Bobs private account to settle her part of the contract. But, instead of doing his job, Bob withdraws the money thereof, from his Home Appliance Specialist account in the bank and flies overseas. Since Angela was ignorant of the connection between Bob and Frank, it falls under frank to compensate 10 machines for her. Frank though, can redeem his damage from Bob. Conclusion It can be safely concluded that Gemma induced Frank into a false sales by virtue of fraudulent misrepresentation. Frank suffered from the liability inflicted on him by Bobs misrepresentation and has to supply the machines to Angela who had no knowledge of it. Bob, on the other hand has to compensate Frank for the damages caused by him on the account of his Fraudulent Misrepresentation. References Causer v Browne (1952) VLR 1 Chapelton v Barry Urban District Council (1940) KB 532 Derry v. Peek (1889) 14 App Cas 33 Dimmock v Hallett (1866) LR 2 Edgington v Fitzmaurice (1885) 29 Ch D 459. Hill v Rose [1990] VR 129 Interphoto Picture Library v Stiletto Visual Programmes Ltd (1988) 2 WLR 615 LEstange v Graucob (1923) 2KB 394 Lockhart v Osman [1981] VR 57 Riches v Hogben [1986] 1 Qd R 315 Tabcorp Holdings Ltd v Bowen Investments Pty Ltd [2009] HCA 8 Thornton v Shoe Lane Parking Ltd (1971) 2 QB 163 Wakeling v Ripley (1951) 51 SR (NSW) 183 Watteau v Fenwick [1983] 1 QB 346 [1] (1951) 51 SR (NSW) 183 [2] [1986] 1 Qd R 315 [3] (1923) 2KB 394 [4] (1940) KB 532 [5] (1952) VLR 1 [6] (1971) 2 QB 163 [7] (1988) 2 WLR 615 [8] [2009] HCA 8 [9] (1885) 29 Ch D 459. [10] (1866) LR 2 [11] [1990] VR 129 [12] [1981] VR 57 [13] (1889) 14 App Cas 33 [14] [1983] 1 QB 346