..."What pay for performance looks like: the case of Michael Eisner" By Stephen F. O’Byrne, Stern Stewart & Co. Journal of Applied Corporate Finance 5 (summer 1992), pp. 135-136 It’s easy to think of Disney CEO Michael Eisner as a classic case of executive pay run amok. His total compensation in his first six years on the job exceeded $250 million. In reality, he is a classic example of what “pay for performance” looks like. When Eisner was hired in late 1984, he took over a troubled company. Disney had just been through a bitter takeover battle, theme park attendance was declining, and return on equity had fallen below 8%. When he joined Disney, Eisner agreed to a six-year employment contract with three main compensation provisions: a base salary fixed at $750,000, an annual bonus equal to 2% of Disney’s net income in excess of 9% of stockholders’ equity, and a ten-year option on two million shares exercisable at Disney’s current market price of $14. While Eisner’s contract provided for guaranteed payments with a present value of only $3.9 million, its expected value was, of course, much greater. The expected value of his options, based on the Black-Scholes option pricing model, was $16 million. I also estimate that the expected value of his total contract, including bonus and pension rights, was $22 million. The Disney directors were presumably willing to enter into a contract worth $22...
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...What Does Religion Look Like Course Title: World Religions In this paper I will discuss the criteria that I would employ to determine if people on earth can be spotted out by a religion. Religion is a collection of cultural systems, belief systems, and worldviews that institutes symbols that narrates humanity to spirituality and, sometimes, to moral values. Many religions have chronicles, symbols, traditions and scared histories that are intended to give a formation to life or to clarify the origin of life or the universe. On planet earth religion is something that is very noticeable beginning with the Amish and Muslims. You will be able to tell rather a person is religion by looking at there attire. A female Muslim would be dress with a hijab, which is a head covering. The hijab that the Muslim is covered with is a meaning of her appearance not being judged by men but are forced to assess there personality, character, and morals. (IslamiCity, 2012) The attire for a women is an entitlement that is given to them and not a obligation. So me coming from an unknown planet to visit earth, I would think they are quite different in some way. Not appearing to look like the other humans that are present on earth. Amish are a Protestant anti-modernist religious group that was founded in the 1690s. The Amish was created by a Mennonite preacher who criticized other Mennonites for their failure to adhere to traditional standards. Mennonite is a person...
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...WHAT DOES AN EFFICIENT FIRE DOOR LOOK LIKE? In a nutshell, fire doors save lives! These specialist doors are rigorously tested and purpose-built to withstand fire and to inhibit smoke for as long as possible and they really do make the difference between life and death. But what exactly does a fire door look like? In fact, the way they actually look, in an aesthetic sense, is pretty irrelevant because they come in many forms; some are merely functional and some are functional and also look attractive! However, what it actually boils down to is the build and safety features because they are the reason why fire doors actually work. This is actually what a fire door should have, irrespective of what it looks like: • The door should be of solid...
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...Case Study: Showing Your Team What Urgent Looks 1. What issues got addressed in the key steps? The first issue was the adhering to the schedule. The team had a review and analysis session and came to the conclusion that deadlines and deliverables weren’t viewed with a sense of urgency and triggered a delayed chain of action. They also analyzed the impact this had on sales. The next issue the team noticed was management’s testing was out-of-date and undisciplined. Consulting seasoned employees, the team created a new comprehensive template for a weekly schedule that listed test cases and documented completion criteria. The “we’ll just finished tomorrow” attitude changed to “no one goes home until we’re finished”. Another issue was lack of leadership or a specific person who made sure that anything and everything was done or in place to keep on schedule. Our text asserts that a schedule “enables a project manager to monitor and control progress as work proceeds (p.14).” However, a project needs to be monitored on all levels. There was no such appointed person, someone was accountable and made sure that anything and everything was done or in place to keep on schedule. This project used a tip our text refers to a in its list of elements of a realistic schedule as “Provide clear visibility of the projects key deliverables (p. 24).” The team had a quite literal take and created a 4 x 8 whiteboard that to create a clear and very noticeable schedule to be reviewed weekly...
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..."What pay for performance looks like: the case of Michael Eisner" By Stephen F. O’Byrne, Stern Stewart & Co. Journal of Applied Corporate Finance 5 (summer 1992), pp. 135-136 It’s easy to think of Disney CEO Michael Eisner as a classic case of executive pay run amok. His total compensation in his first six years on the job exceeded $250 million. In reality, he is a classic example of what “pay for performance” looks like. When Eisner was hired in late 1984, he took over a troubled company. Disney had just been through a bitter takeover battle, theme park attendance was declining, and return on equity had fallen below 8%. When he joined Disney, Eisner agreed to a six-year employment contract with three main compensation provisions: a base salary fixed at $750,000, an annual bonus equal to 2% of Disney’s net income in excess of 9% of stockholders’ equity, and a tenyear option on two million shares exercisable at Disney’s current market price of $14. While Eisner’s contract provided for guaranteed payments with a present value of only $3.9 million, its expected value was, of course, much greater. The expected value of his options, based on the Black-Scholes option pricing model, was $16 million. I also estimate that the expected value of his total contract, including bonus and pension rights, was $22 million. The Disney directors were presumably willing to enter into a contract worth $22 million because it provided a tremendous performance incentive that could provide great benefits...
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...percent—almost the lowest among large emerging market economies. The 2008–09 recession made the situation much worse, with some 1 million jobs eliminated and a sizable group of discouraged workers leaving the labor force, further reducing the absorption rate to 40½ percent in 2009 (Figure 1). Recognizing the gravity of the situation, the authorities made job creation the top priority in the 2010 and 2011 budgets. The New Growth Brazil Chile China Colombia India Indonesia Israel Korea Malaysia Mexico Peru Philippines Poland Russia Thailand Ukraine 70 70 90 90 2009 Argentina Hungary South Africa Turkey 30 30 50 50 2000 Figure 1. Employment (Percent of working age population)WHAT DO FAST JOB CREATORS LOOK LIKE? WHAT DO FAST JOB CREATORS LOOK LIKE? SOME STYLIZED FACTS AND PERSPECTIVES ON SOUTH AFRICA SOME STYLIZED FACTS AND PERSPECTIVES ON SOUTH AFRICA 2 Path (NGP) set an ambitious target of creating 5 million more jobs in the next decade, so as to reduce the unemployment rate by 10 percentage points. Against this backdrop, this Departmental Paper examines the job creation performance in a group of large emerging market economies, including South Africa, and highlights some common economic characteristics that are likely associated with fast job creation. This Departmental Paper is structured as follows. The next section highlights some factors identifi ed by the existing literature that are related to job creation. Section III...
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...cleaner-spotters can be ... What would a Hotel Paris help wanted ad look like?Given the hotel's stated employee preferences, what recruitment sources would you suggest they use and ... What would a Hotel Paris help wanted ad look like?Given the hotel's stated employee preferences, what recruitment sources would you suggest they use and ... What would a Hotel Paris help wanted ad look like?Given the hotel's stated employee preferences, what recruitment sources would you suggest they use and ... What would a Hotel Paris help wanted ad look like?Given the hotel's stated employee preferences, what recruitment sources would you suggest they use and ... What would a Hotel Paris help wanted ad look like?Given the hotel's stated employee preferences, what recruitment sources would you suggest they use and ... What would a Hotel Paris help wanted ad look like?Given the hotel's stated employee preferences, what recruitment sources would you suggest they use and ... What would a Hotel Paris help wanted ad look like?Given the hotel's stated employee preferences, what recruitment sources would you suggest they use and ... What would a Hotel Paris help wanted ad look like?Given the hotel's stated employee preferences, what recruitment sources would you suggest they use and ... What would a Hotel Paris help wanted ad look like?Given the hotel's stated employee preferences, what recruitment sources would you suggest they use and ... What would a Hotel Paris help wanted ad look like?vGiven the hotel's...
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...What is Walt Disney Company’s corporate strategy?2.What is your assessment of the long-termattractiveness of the industries represented in WaltDisney Company’s business portfolio?3.What is your assessment of the competitivestrength of Walt Disney Company’s differentbusiness units?4.What does a 9-cell industry attractiveness/businessstrength matrix displaying Walt Disney Company’s business units look like? 4 What is Walt Disney Company’s corporate strategy?2.What is your assessment of the long-termattractiveness of the industries represented in WaltDisney Company’s business portfolio?3.What is your assessment of the competitivestrength of Walt Disney Company’s differentbusiness units?4.What does a 9-cell industry attractiveness/businessstrength matrix displaying Walt Disney Company’s business units look like? 4 What is Walt Disney Company’s corporate strategy?2.What is your assessment of the long-termattractiveness of the industries represented in WaltDisney Company’s business portfolio?3.What is your assessment of the competitivestrength of Walt Disney Company’s differentbusiness units?4.What does a 9-cell industry attractiveness/businessstrength matrix displaying Walt Disney Company’s business units look like? 4 What is Walt Disney Company’s corporate strategy?2.What is your assessment of the long-termattractiveness of the industries represented in WaltDisney Company’s business portfolio?3.What is your assessment of the competitivestrength...
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...pregnant- what may occur.. what does it look like.. enlargment of what.. headachs occur beacue of.. preeclampsia syndrome is.. what increases.. this can .. lymphatics- are.. provides.. by producing.. picks up what.. Lymph nodes- should be- if they are this may be .. * * * * * * * * * enlargment of lymph nodes is called.. PIH-headaches- mostly due to = * -evertyhing is= -pain is= -ocurrs with= * -lasts= -by= -causes= -pain is= -located= * -lasts= -pain is= -there is no= -located= bloody nose Bruit= sound like -due to= -which will= =and will= -use what part to listen= Crepitation/ TMJ syndrome= may indcate= TMJ= Causes of tracheal shift=it is maybe to due to * * * * * -is a = -what happens with the trachea= Hyperthyroidism= is the gland is= person is= weight= bowel movement= dieases= eyes= hair= feels= hypothyroidism= is lowers the- loss of- deficiency of- mostly in- person is- weight- feels- dieases- temperal artery should feel= should not be- can lead to if it is- thyroid gland is the must be- palpating for- if there is may indicate- enlargment of the thyroid will appear when.. neck ROM should not - if there is- carotid artery should not.. listen for.. look for.. may indicate.. hydrocephalus is caused by- acromegaly is due to bells palsy is affecting the parkinsons disease is decreses in it is a cushing syndrome is looks like brain attack...
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...Culture Myths Women always want to look and feel beautiful all the time no matter what. Imperfections and flaws are irritation to anyone, especially women. They bring out a lot of self confidence issues, come out at the wrong time, and women just want to hide all of those in make-up. By putting make-up on the imperfections and flaws seem to disappear and women feel on top and beautiful again. Make-up should not determine weather you are beautiful or not. Sometimes women look like two completely different people with and with out their make-up on like an alter ego of what they want to be. Everyone has imperfections and covering them up is not going to make them go away. The Revlon commercial makes it seem like anything but perfect skin is not acceptable. They made a formula that bends and reflects light to help diffuse flaws. This helps spread out the imperfections and flaws but do not make the flaws go away. Many products look better in a commercial or in a picture. After receiving the product it does not look or work like what the commercial has stated. Even by adding make up imperfections and flaws can still be noticeable. The people acting in the commercial usually already have clear skin, or they shoot the commercial and Photoshop their skin to make their product more believable. In that same commercial they say that the make-up will make you look better in any kind of light. They also use different lightings to make it seem more real. While they are using different...
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...1. What feeling do you get as you look at this image? 2. Based on this portrait what assumptions can you make about his character? Mood? Personality? 3. Does he seem appealing? Interesting? 4. What is the context or time period of this image? 5. How do you make these assumptions/decisions? This image makes me feel blue. This image makes me want to go back in time and see what the past is like. This man is obviously a cowboy. He looks like he’s really in his thoughts. He looks like a man with a strong character and serious personality. He looks like a very intereting man, he seems to look like he’s a very insightful man. The date of the magazine informs me that the time period is the late 1940’s. These assumptions are made by carefully analyzing the image and having to use some imagination. 1. What feeling do you get as you look at this image? 2. Based on this portrait what assumptions can you make about her character? Mood? Personality? 3. Does she seem appealing? Interesting? 4. What is the context or time period of this image? 5. How do you make these assumptions/decisions? 6. What do the images tell us? 7. What about the words? I feel pity and sadness looking at the image. The young girl looks concerned and a bit frightened. She seems likes she’s been through a lot. This image looks modern and pretty recent. The look in her face says is all, the way her eyes just pop out...
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...to target younger generations through social sites and television, much of what you see now targets certain demographics. These demographics are women of all ages. They are using sex, the historical ideas of women, and Wall Street to abuse the images of women. Companies use the looks of women to sell their products and it is harming the lives of everyone in today’s society. We are so influenced today by the thought of what people think that we will listen to anyone and anything telling us what to do and how to look, no matter what the cost is. The media uses women in order to sell objects because they can attract both men and women by portraying a woman a certain way. They use women as sex objects in more than one way because “sex sells”. The way they attract men is by making a woman look sexually appealing. Ad companies throughout all of the media do this because they believe that all men will be drawn to an ad with a sexual woman on it. The way they pose her and the clothes she wears are all strategic moves for the companies; it helps them sell. However, this method is creating a negative view of all women in society. They draw in women the same way they capture a man’s attention. They use the same women with perfect bodies to attract females because they know that women all want to look good and what better way to get them to buy a product than to make them think they can look sexy if they buy what they are selling. But this is all false; they are causing problems among all...
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...Fuck I Look Like Kai Davis Fuck I look like? No really, fuck I look like? I look like you got me fucked up is what I look like. You looking at me like I’m not supposed to be standing here next to you. Like, we in the same class but your idea of advance is too advanced And my mind can’t match you. I think it’s my vernacular, How I got half the consonants and twice the apostrophes So my philosophy can’t be valid. Like I speak slave and you speak slave master This isn’t a plantation, it’s a classroom. White people think they run shit because they got money to buy a thesaurus You say, "gargantuan", I say, "big as shit" -----------pause------------ Still, big as shit, it don’t really matter I guess AP stands for "asshole pretentiousness" And if you don’t know what that means, look it up, find a synonym You like doing that shit. You also seem to like judging a book by the color of its author Because apparently Maya Angelou is inferior due to her grammatical errors, But white man Mark Twain can write a whole novel in nothing but grammatical errors And that shit is a literate masterpiece! Well, I can’t help but to pardon my people’s slang because real niggas ain’t real niggas If they don’t got a twang, I won’t apologize. I won’t apologize for mean muggin' from the back of the classroom. Talking about existentialism like a motherfucking boss! It’s not your fault you can't vibe with me! Niggas ---Pause---- can’t vibe with me Either because as soon as I raise...
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...birthmark on her left cheek that looked like a small handprint. After being married Aylmer for some time he did not like the birthmark that was on her cheek and asked if she ever wanted it removed. She too decided that since her husband did not like the birthmark and she did not want to be a disgrace to her husband that she would have the birthmark removed. He then took her to his lab and he got to work on something that was going to get the birthmark to go away. Georgiana said over and over that if he could not get rid of it then she did not want to live. He finally came in with a cure. He tested it on the plant that had blotches on its leaves. The flower began to grow and the blotches disappeared. Georgiana then decided to take the potion. She fell asleep and her husband sat by waiting. After a while the birthmark then disappeared and with his excitement he woke his wife. They were both excited that the birthmark had disappeared but shortly after Georgiana had passed away. Knowing that he husband did not like her with her birthmark and her feeling like a disgrace to her husband she agreed to allow her husband to get rid of the birthmark, before she had no issue with her birthmark. Her husband was only worried about what was on the inside, and by getting rid of the birthmark he was messing with God’s design especially when she trusted him so much that she took the potion and later on died. There are some people in society that will only look at a person on the outside and only...
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...Am Not Fat! Magazines at the grocery store, commercials on TV and movies playing at local theaters, all of these forms of entertainment seem to be harmless outlets of creativity. Yet these very forms of media affect women all over the world and tell them what they should physically look like to be deemed as beautiful in society. One may not believe that the media is up to such a terrible act, but subconsciously women believe what the media portrays as beautiful. Today’s pop culture demonstrates the impact of self-image and the effect it has on society and the way the society should look. Ads and pop culture enforce a negative outlook on the body image, which affects young women throughout the society. There are many aspects of today’s society that effect women within this pop culture and the way they have started to look at their bodies and see themselves as below average because they are not measuring up to the standards of society. In all reality, media and advertisement must know the effects it has on the young women and their body image in the world, but choose to ignore the fact because of the success that has sky rocketed in the past years. Not many people can ignore the media and find themselves beautiful no matter what features they have, but the ones who do such things are confident and strong while growing up in this tough and harsh world. Ads within television, magazines, newspapers, etc. all have some direct correlation to the media having an effect on the body image...
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