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Executive Compensation Plans

Executive Compensation Plans

The challenge of coming up with the best executive compensation today stems from two factors. The first one has to do with the difficulties involved in scouting for capable senior executives, who can be able to motivate people and communicate the company’s vision clearly to other employees. The second factor has to do with the fact that most investors are closely concerned with the company’s performance and thus give a high priority to retention of highly qualified executives once they have brought them into their fold. Any other company desiring to hire such executives will have to face up to the challenge of coming up with an executive plan with terms that surpass the one the employee enjoys in the current company. However, it is a generally observed trend in today’s business world that most executives have a preference for opportunities that are challenging and unique more than the compensation package (Schleifer, 2006). Therefore companies with unique ideas and better products are more attractive to executives at all levels.

The importance of compensation should however not be overlooked in today’s job market. Flexibility is a major issue when drawing up a compensation plan at an executive level. One way of achieving this is by making a comparison with what is being offered by the competition. Extra incentives also play a significant role in attracting highly effective executives to a company. There are several alternative compensations that have become a standard in negotiations with senior-level executives.

Equity has emerged as one of the most common alternative compensation many executives ask for instead of cash. It should be noted that the stock options offered to senior-level employees largely depends on the industry and value of the stock. It is still advisable to compare the company’s stock option offers to what other companies in the same league are offering. Other considerations include flexible work schedules, performance incentives, and other allowances like a company car, signing bonuses, life insurance, access to company-owned vacation premises and health club memberships among others (Allbusiness.com, 2010).

An analysis of what executives earn on average today would require an examination of a proxy statement which contains details on the conditions under which managers are paid. An analysis of any proxy statement must examine several factors. The first one is base pay which consists of the base salary for senior-level management. These are executives like the CEOs, Chief Financial Officers, directors and other divisional heads. Proxy statements on executive compensations in most industries can be accessed at places like the Standard & Poor’s 500 Index an at other company profiles in the same industry. Sites like HYPERLINK “http://www.sec.gov” www.sec.gov also provide proxy statements for the past years.

Besides base salaries, stock options which are used to motivate or inspire management can provide an insight into the amount of compensation earned by most executives. However, this form of payment depends on the way the company is performing in the stock market. Curtis (2010) gives an example of two Chief Financial Officers working for two companies; Tome at HD and Hull at Lowe. In the example Tome hardly gets any incentive at HD whose stock opened at $42.17 in 2005 and closed at $40 yet Hull does better at Lowe which opened at above $58 and ended the year at $63 (Curtis, 2010). There are also other perks like the $100,000 raked in by Wal-Mart’s Lee Scott in 2005 for personal expenses (Curtis, 2010).

The proxy statement of a company will also involve length of service contracts and golden parachutes which are severance packages worth millions of dollars. An example is Michael Ovitz who was once a president of Walt Disney Company before he left with a severance pay of $140 million, roughly 10% of Walt Disney’s annual income (Curtis, 2010). With such huge payments, investors need to be aware of how company money is being spent and examine if the management is working for the company’s benefit or their own.

References

Allbusiness.com. (2010). Executive Compensation and Benefits. Retrieved December 5, 2010,from http://www.allbusiness.com/human-resources/compensation/1386-1.html

Curtis, G. (2010). Executive Compensation: How Much Is Too Much? Retrieved December 5,2010, from http://www.investopedia.com/articles/fundamental-analysis/08/executivecompensation.asp

Schleifer, J. (November 2, 2006). 10 Steps to an Executive Compensation Plan That Works.Retrieved December 5, 2010, fromhttp://hrdailyadvisor.blr.com/archive/2006/11/02/Executive_compensation_pay_benefitsperks.aspx.

Dorothea Lange The Person And The Artist

Dorothea Lange: The Person And The Artist

When Dorothea Lange was born in 1895 Hoboken, New Jersey there was no way of knowing that she would one day become one of the great American photographers. She was born to second generation German immigrant parents, the first child of Henry and Joanna Nutzhorn.# Her father was a lawyer, her mother a gentle, beautiful women who sang amateur recitals. Two tragedies tested and helped to shape her in her childhood. The first was when she was seven years old and was stricken with polio. Her right leg from the knee down was impaired and as such she was called “ limpy” by the other children and would for the remainder of her life be lame. #This handicap haunted her; she accepted but hated it to the end of her life. At sixty-five she described its significance:

“ No one who hasn’t lived a life of a semi-cripple knows how much that means. I think it was perhaps the most important thing that happened to me. It formed me, guided me. instructed me, helped me. and humiliated me. All those at once. I’ve never gotten over it and I am aware of the force and the power of it.”#

In Dorothea from childhood and through life, there was a constant effort to make a statement to herself and to others that an impaired gait insistently does not mean a lagging, curbed life.#

When Dorothea was twelve a second tragedy occurred in her life: the departure of her father, who walked out, never to return. She never understood why, and could never talk about what happened. It was her independent nature to close doors of past events and deny the influence of certain events and individuals. After the divorce both herself and her mother adopted her mothers maiden name, Lange. # Dorothea kept this secret so well that it was not until after her death that her own husband and children learned her birth name was Nutzhorn. Dorothea’s mother was left with no money and two small children. She set up housekeeping with her mother. She took a job in New York, as a librarian and enrolled her daughter in a nearby public school.# Dorothea and her mother took the ferry everyday into a neighborhood packed with poor people, newly arrived in America. Suddenly Dorothea was exposed to likes of Hester Street, the most densely inhabited few blocks in America, crowded with scenes and endless visual excitement. She became less interested in school and more interested in the city’s ethnic and cultural life. #She started ditching and took to roaming through galleries and museums. She absorbed the sights, sounds and smells of lower-class life in turn-of-the-century New York . And in doing so acquired by instinct the craft of being the observer unobserved. And before she was full-grown she had established the distinct elements of her later working style, an eye that looked hard and remembered. #After graduating despite what amounted to an aversion from classroom, for any formal learning situation, Dorothea enrolled in the New York Training School for Teachers on 119th street. Her attendance was a concession to conformity, to her mother’s and grandmother’s desire for respectability. She was already certain that her life would be spent with a camera. “My mind made itself up,” she later recalled, and could add no more other explanation for the decision than: “It came to me that photography would be a good thing for me to do.” #She was not yet twenty, and she had never owned a camera.

Lange might have shunned the classroom but when she wanted to learn something she was tenacious, aggressive, and persuasive. She talked her way into a series of apprentices, perhaps the most important with Arnold Genthe. Among her other teachers were a succession of “loveable old hacks”, including one wandering tramp who knocked on families doors showing his wares and offering to take the families picture. Only once did she take an academic class at Colombia University. All her various apprentices completed to her satisfaction, Dorothea prepared for the most defiant act of independence of her life. She announced that she intended to travel the world, paying her way as a photographer. #

Dorothea Lange started out as an independent portrait photographer in San Francisco. Bored with studio work, she turned her lens to the breadlines and waterfront strikes on the city’s streets as the Great Depression took hold in the 1930s. Shocked by the number of homeless people in search of work during the Great Depression, she decided to take pictures of people in the street to draw attention to their plight. #

In 1935, Lange joined the Farm Security Administration, where she caught on film the hardships of migrant farm families escaping the dust bowl. #Images such as “Migrant Mother, California,” a portrait of a young widow with her children at a pea-pickers’ camp in Nipomo, managed to capture not only their subject’s despair, but their dignity as well. Migrant Mother the portrait of a Californian migrant worker with her three children. The face of the young woman is marked by wrinkles, the gaze full of worry directed in the distance. To the right and left the two older children, seeking protection, lean against her shoulders, hiding their faces from the camera, while the small baby has fallen asleep on its mother’s lap. This highly concentrated, tightly composed image has made Dorothea Lange an icon of socially committed photography. Combined with the essays of her husband, labor economist Paul Schuster Taylor, Lange’s photographs offered a persuasive argument for government assis!

During World War II, Lange worked first for the U.S. War Relocation Authority, then the Office of War Information. Her photographs of the forced relocation of Japanese Americans to internment camps raised civil rights issues about their treatment and in some cases were censored.# After the war, Lange’s efforts included work as a staff photographer with Life magazine; photo essays on Ireland, Asia, South America and the Middle East; and participation in seminars and conferences. After her death from cancer in 1965, Lange’s husband donated an archive of some 25,000 negatives and 6,000 vintage prints to the Oakland Museum of California.#

Another photograph by Dorothea Lange is White Angel Breadline. Dorothea Lange’s 1932 White Angel Breadline is one of the great photographs in this world. In the midst of the Depression, 14 million people were unemployed. Near Lange’s studio in San Francisco was a breadline set up by a wealthy woman known as the “White Angel.” Looking at this photograph we cannot help but compare 1932 with what is happening now throughout America. Dorothea Lange brings us closer to the feelings of millions of people. As an artist she gave beautiful form to her anger about what people were forced to endure. The situation is painful and cruel: these men are without work and without food. Yet, what they are deprived of by an unjust economic system, Dorothea restores to them: their existence has “an unbounded significance”, a meaning for all time. Dorothea Lange had a great emotion, and her technique is as careful as her emotion is large. The solitary figure in the foreground is clasping his hands, almost as if he were praying, and by those hands is an empty cup. His back is to the other men, yet we feel intensely the particular existence of this man alone with his thoughts, as we are aware that he stands for all those behind him, and so many more. Dorothea Lange carefully isolated the man against a dark background with a warm light on his hands, the simple cup, and his hat. Dorothea Lange shows that respecting every detail makes for great wonder. The folds and creases of their garments have us feel there are real bodies inside them, while we don’t know who these people are. This is very kind. It is a kindness that comes from a beautiful anger — an anger with the coldness and selfishness that make breadlines necessary at all.

Dorothea Lange: the person and the artistpage 3-7

Bibliography:

Coles, Robert. Dorothea Lange: Photographs of a Lifetime. Oakland: Aperture Foundation Inc.,1982

Meltzer, Milto. Dorothea Lange: Life through the Camera. New York; Puffin Books, 1985

Partridge, Elizabeth. Restless Spirit: The life and Works of Dorothea Lange. New York: Viking, 1998

Faculty-groups-are-divided-by-core-competencies-that-the-university-offers

ERM and Database Management

Your Name/Your University

In the ERM diagram, every relationship is shown correctly with the accurate Primary keys and Foreign keys identified and described their relationship.

According to above relationship diagram following are the assumption or limitations:

There may be many colleges or campus under one university.

Colleges have different school, and schools may have different courses.

Courses will be linked with student, and student can have more than one course enrolled.

Student will have one grade for one course.

Student will be enrolled with one College.

So, from the above points we have identified the number of limitation which needs to be considered while preparing the ERM diagram or database for the university.

(S Sumathi, 2006)

Create the primary key and foreign keys using a UML Class diagram for each table.

The above class diagram represents the database structure and its primary and foreign key requirements.

A Key will be primary key if that particular key is in its parent table, and if the key is used in any other table it will be acting as a foreign key, so you can easily see from the above class tables, there are primary keys mentioned

Primary keys are represented by l1, l2 and l3, and primary keys will be represented by PK.

Suggest at least four (4) types of business intelligence reports that could help the university in course management, student enrollment, or historical tracking. Support your answer by providing specific business functions that these reports could assist executives of the university.

There are many business functions which should be addressed with the help of University database, and this can easily help university, college and school to perform and create awareness among students to perform well.

There should be following business reports:

University Courses in Colleges – This is a very important reports, which will be helpful for students while selecting the college of their choice and accordingly they can apply for selection of seats in those colleges, if student has the courses list available with respect to university and colleges, it would help student in selecting their college and courses accordingly.

Student Enrollment with College and Courses – This report would be helpful for student, colleges and even universities, to track how much number of students is currently enrolled in different courses across different colleges and universities. This will enable them to quickly take a decision and create a long vision with good growth opportunities for school and track the student activities among joining different courses. (Cramerz, 2010)

Student Grading – This report will be helpful to identify the best students among the list of students enrolled in university colleges, and it will tell the result of students after the exam.

Student Courses List – This will be useful to generate the reports based on student interest in different courses, this will also help in identifying which course would be more attractive among students and it will create a large impact in providing good opportunities in even lower or large attractive courses.

As an alternative for development of the database, you are considering outsourcing the functions above. Research the Internet and other media sources for vendors who develop registrar and school management database systems.

There are many companies providing database systems and it would not be very easy to select one of them, to take a decision it would take a large effort and which will be concluded only when you are sure what you are spending and whether you are getting what is required from that particular organization. (Cramerz, 2010)

Following are the organization that can help you provide the database management for Universities:

ATSI – This is an organization providing student and university support system software’s, his software range will vary from just reports to large data storage systems. (Atsi)

Microsoft – This provides database systems such as MsAccess and Sql Server, which will be very helpful for university to start development of school management software inhouse.

Oracle – Oracle 11g is very popular now days and this involves less efforts to develop a new heavy storage system for universities.

I will definitely go with Oracle 11g, as this software will help University in long terms, as the student and college data grows it will be easy for them to handle the length of data and create big data house.

References

S Sumathi, 2006, Fundamentals of Relational Database Management Systems

Cramerz, 2010, http://www.cramerz.com/database_concepts/database_erm_and_erdhttp://www.atsi.in/