Median pay reached $13.4 million for chief executives of the biggest U.S. companies in 2020, setting a fifth straight annual record in a year when businesses and their leaders battled a global pandemic. Most S&P 500 CEOs got raises of about 5% or more as their companies recorded annual shareholder returns of about 8%, according to a Wall Street Journal analysis of data from MyLogIQ. HIGHEST-GROSSING FIGURES Most of the companies led by this year’s top earners aren’t typically in the pay stratosphere. Several reflect the winners of the pandemic and its economic turmoil, including video game maker Activision Blizzard...
Ethical Organizational Culture – a lesson from Enron
The business world has witnessed a lot of success, failures, and stories. But at the turn of the 21st century, the Enron scandal, now considered the biggest scandal in history, truly rocked the financial industry and changed the business world forever. The scandal remained to be a great lesson for businesses all over the world in management, accounting, and especially ethical organizational culture. A giant of innovation Once considered a Wall Street Darling, Enron was an American energy company founded by Kenneth Lay in 1985 after the merger of Houston Natural Gas and InterNorth. Enron had maintained a good reputation...
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Do You Have Traits of A Good Leader?
The life-long question that one was asked at all different stages of their lives — when you begin school, when you enter the workforce, when you try to get promoted, when you are already a boss. Many carried the age-old belief that you only need to have traits of a good leader when you are in a management position only. However, being a good leader is action that needs to be taken anywhere and anytime, from classrooms to work meetings, from school projects to global campaigns, from a cubical to an office. Having traits of a good leader is important and necessary...
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How Is AI Recruiting Technology Changing The Future of HR?
As the world is closing down this chapter of Covid-19, the future of businesses, specifically the Human Resources industry, are relying on AI recruiting technology more than ever before. But what exactly is AI recruiting technology? It is the technology that applies artificial intelligence to the talent recruitment process by shortlisting your ideal candidate and automating manual tasks. AI hiring tools include recruiter chatbots, digitized interviews, intelligent screening software, etc. AI recruiting technology helps streamline repetitive and high-volume tasks. As businesses become more virtual and high-tech, many companies have successfully reaped the benefits that the AI recruiting technology is bringing...
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How to keep a motivational manager driven?
One of the most important characteristics of a good leader is to be a motivational manager. Motivational managers have the ability to inspire their employees to be the best they can, to help their employees advance their performance, to encourage hard work and passionate contribution, and more importantly, to lead as a prime example of motivation. Motivation for bosses can come from all different sources — their dedication to the company, the rewarding recognition, the huge dollar bill they receive, etc. Many people may say that it is easier for managers to be motivated than for the employees. However, like the saying...
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What Is Informal Communication In Business Organizations?
Communication plays an important role in every single part of our lives, whether it be personal or professional — from the relationships with your partners, your family members, to the relationships with your colleagues and employers. It is found that informal communication helps to keep these relationships stable and healthy — which is, after all, what we all hope for. A business organization is like a human body, and it can only function with utmost efficiency and productivity when all body parts work well together. Therefore, business organizations cannot function properly without internal communication — the nervous system of a company that makes sure managers (the...
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