Asked by WORST NIGHTMARE on May 12, 2024
Verified
(Last Word) In 2005,chief executive officers' (CEOs') pay at U.S.firms with around $500 million in annual sales averaged:
A) $600 thousand.
B) $1.2 million.
C) $2.2 million.
D) $4.5 million.
CEO's Pay
The compensation package, including salary, bonuses, and benefits, provided to the Chief Executive Officer of a company.
- Gain insight into the factors influencing CEO pay and the controversies that arise from them.
Verified Answer
NG
Nishad GeorgeMay 18, 2024
Final Answer :
C
Explanation :
In 2005, CEOs of U.S. firms with approximately $500 million in annual sales had an average pay of $2.2 million. This reflects the compensation trends of the time, where executive pay was often in the multimillion-dollar range, even for companies that were not among the largest in terms of revenue.
Learning Objectives
- Gain insight into the factors influencing CEO pay and the controversies that arise from them.
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