Top bosses are again being criticised for earning huge salaries even during the current economic crisis. Also, the gap between the tap of top bosses and workers continues to rise. For example:a) The highest-paid boss on the London FTSE in 2008 was Bart Becht. He received the same pay as 1,374 average workers at his business (Reckitt Benckiser). Becht received about £37m last year.
b) Vladimir Kim, chairman of Kazakhmys, the FTSE 100 mining and metals conglomerate, is paid 183 times the average salary of his workforce, who face what the company admits is a 'higher than usual' fatality rate.
c) The boss at UK supermarket giant Tesco - Sir Terry Leahy - was paid more than 900 times as much as Tesco's average worker,
Instructions
Is this fair? As you listen to this link,
a) write dwn as many internal and external stakeholders as you can
b) Now use Johnson and Scholes stakeolder mapping model to map these stakeholders
c) ) Does your mapping model explain how executives can get their pay increases aproved by company shareholders?
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