Book Image

And People? Why Are Managers’ Cars the Most Important Asset in Every Organization?

By : Ivica Vrančić
Book Image

And People? Why Are Managers’ Cars the Most Important Asset in Every Organization?

By: Ivica Vrančić

Overview of this book

For any business to become successful, it is necessary to understand that people are the greatest asset; they are the most important resource. And People sheds light on how to integrate this valuable resource into your business model. And People captures the difference between managers and leaders in very pragmatic and useful ways. It offers metaphors and examples of how leadership and management skills are both needed to build a successful business. You'll then read about the two primary focal points for leaders and managers: individual and organization. As you progress through the chapters, you will learn about different human resource tools that help you to source and develop people. These tools enable managers and leaders to ensure a stable flow of people and create the right culture. By the end of the book, you would have learned a number of useful insights to ensure business success.
Table of Contents (11 chapters)
Free Chapter
1
Acknowledgements
2
Foreword by Dave Ulrich
3
Introduction
9
Six: To Manage People by Mind and to Lead them by Emotion
10
References
11
Index

CEO and “typical” worker compensation in the organization

Longer-term trends in CEO compensation:

  • From 1978 to 2013, CEO compensation, inflation adjusted, increased 937 percent, a rise more than double stock market growth and substantially greater than the painfully slow 10.2 percent growth in a typical worker’s compensation over the same period.
  • The CEO-to-worker compensation ratio was 20-to-1 in 1965 and 29.9-to-1 in 1978, grew to 122.6-to-1 in 1995, peaked at 383.4-to-1 in 2000, and was 295.9-to-1 in 2013, far higher than it was in the 1960s, 1970s, 1980s, or 1990s.

  • If Facebook, which we exclude from our data due to its outlier high compensation numbers, were included in the sample, average CEO pay was $24.8 million in 2013, and the CEO-to-worker compensation ratio was 510.7-to-1.

Source: Mishel, Lawrence and Davis, Alyssa, “CEO Pay Continues To Rise As Typical Workers Are Paid Less,” EPI (Economic Policy Institute...