Globalization Of Exorbitant Ceos Pay Is The Epitome Of...

Clearly, the implication of previous paragraphs is that the phenomenon of exorbitant CEOs’ pay is the epitome of capitalism at play. In a world of capitalism, in which market force dominates, it is certain that the capable people should always be rewarded substantially. The argument of capitalism for CEOs’ excessive pay may be shrewd, but it faces a torrent of questions and criticism. Admittedly, American public well tolerate the enormous money and wealth the rich and powerful amass as long as they play fairly. However, American public right now is very furious when knowing that the wealthy and powerful CEOs have manipulated the system and raked in money way out of all proportion. There are a number of sound reasons why the excessive CEOs pay angers American public. First of all, American public is very reluctant to accept the assertion that CEO pay is fair as it is largely determined by the free market for talent. When CEOs claim that they receive their fair share of benefits in a system of fair play, people are ready to express their deep dismay at the way of how the companies and CEOs distribute the profits and benefits to their workers unfairly. In her article, â€Å"These Companies Have the Biggest CEO-Worker Pay Gaps†, Dr. Michal Addady, a well-known reporter at Fortune Magazine, reveals that in 2014 â€Å"the average CEO earns around 204 times what the company’s median worker receives†¦ The highest CEO-worker pay ratio was found at Discovery Communications DISCA, whereShow MoreRelatedMarketing Mistakes and Successes175322 Words   |  702 PagesPepsi. But Coca-Cola is trying hard to recover. Dell long dominated the PC market with lowest-prices, direct-to-consumer marketing. Hewlett-Packard, the world’s second biggest computer maker, chose Carly Fiorina, a charismatic visionary, to be its CEO, and she engineered a merger with Compaq. But growth in profitability did not follow, and early in 2005, the board fired Fiorina. Mark Hurd, an operational person, replaced her, and brought the company to PC dominance. But Michael Dell is fighting