Foundations of Business (MindTap Course List)
Foundations of Business (MindTap Course List)
6th Edition
ISBN: 9781337386920
Author: William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher: Cengage Learning
Question
Book Icon
Chapter 16, Problem 1DQ
Summary Introduction

To determine: Whether many financial managers and corporate officers are often criticized for poor decisions, lack of ethical behaviour, larger salaries, lucrative severance packages worth million dollars and extravagant lifestyles.

Introduction: A financial manger who deals with all the vital budgetary elements of a business. The individual in control ought to keep up a distant sightedness so as to guarantee that the funds are used in the most effective way.

Expert Solution & Answer
Check Mark

Explanation of Solution

The reasons on whether many financial managers and corporate officers are often criticized for poor decisions, lack of ethical behaviour, larger salaries, lucrative severance packages worth million dollars and extravagant lifestyles are as follows:

Evidently, the criticism is legitimized in certain cases.. Poor organization decisions were made by administrators at the DT auto organizations, AIG, LB, and WM and many. In the monetary zone, loans were given to individuals who could not bear the cost of them. Bad mortgages were attached to securities that were introduced as great ventures to investors yet were imperfect.

Executive salaries and severance packages in the US are significantly higher than different nations, and the differential is difficult to legitimize by performance.

It is essential, in any case, to comprehend that these issues are not regular over all U.S. or other international organizations. In spite of these issues, every single financial managers and corporate executives should not to be highlighted by a similar brush. Generally U.S. organizations are well kept running by capable and moral officials.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
I need typing clear urjent no chatgpt used i will give 5 upvotes pls full explain with diagram
In a table format, using the seven (7) different themes, summarise the difference betweenmodernism and post modernism.
a. Using the famous economist Ronald Coase theory, describe what is meant by Reductionof Buyers Transaction costsb.  By way of giving examples, the meaning of Commoditization and efficient markets.
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning