Read the Leadership Challenge: How Much is Enough. Answer the following in a nar

Question

Read the Leadership Challenge: How Much is Enough. Answer the following in a narrative format.

Leadership Challenge: How Much Is Enough Business executives, particularly in the United States, commandeer incredibly high salaries and compensa- tion packages. The numbers are approaching and surpassing the $100 million mark without includ- ing many other perks and bonuses, in some cases in companies that are performing poorly. A number of arguments explain the rise in compensation pack- ages, including market forces and competition for the few talented executives. Where do you draw the line? If you were offered an outrageous compensa- tion package to join a company that is laying off employees, declaring bankruptcy, and performing poorly overall, would you take it?

What factors contribute to high compensation packages?

What are the personal and organizational implications of your decision?

What are the factors that contribute to abuse, corruption, and destructive leadership?

What can be done to prevent or eliminate abuse of power and corruption?

Please help.

Explanation / Answer

The factors that contribute to high compensation for CEO are as follows:

These types of decisions of excessive pay are bad for business, bad for our economy and bad for society which increases cost on business and pay inequality demotivates other employees. The success of a company should be due to everyone's contribution and not just the performance of the chief executive officer. And paying excessive salary to CEO make thyme feel that they received neither recognition nor any bonus-sharing.it does not promote the idea of team effort.

The factors which promote abuse, corruption, and destructive leadership are the expectation that leaders can behave outside the norm, they can disregard some rules, and they can take advantage for personal gain and can indulge in corruption

To prevent or eliminate abuse of power and corruption there should be proper training for leaders in this regard, there should be open communication thus reducing uncertainty and promoting clear message. All should be held accountable for their deeds.

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