Effectiveness of Executive Compensation Scheme Assignment

Effectiveness of Executive Compensation Scheme - Assignment Example The Tournament theory suggested that a small and a minute difference in ability basically leads towards high compensation. In simple terms, this definition basically fails to consider the main and the important significance of the executive compensation scheme or ECS in the overall governance of the organizations, for instance how and why these kinds of different bonuses are basically awarded and what actual benchmark is used.   ECS have basically four main and important components which are:- The base fixed salary.- The stock options.- The long term incentive plans.- The annual bonuses which are usually being monetary or shares.All the stock options are normally based on the company's overall performance. Although the presentation and the features of the stock option are usually vivid and clear, the exact amount of the compensation can also be unclear as the amount could have been set many years ago and the share prices may also have changed. Furthermore, the executives may circum vent this in order to improve their performance with the help of accounting decisions in the earlier years before the turnover, which basically increases the reported results, or with the help of income-smoothing practice, which basically borrows the income from the future.   Bonuses are basically shown separately to the share options in the company proxy statements. Although the cash compensation and all the other types of the compensation are disclosed separately in different other places like footnotes it is therefore termed as the complexity of the separation that can usually cause the reports to be more unclear for all the shareholders long term interest.   This basically suggests that the executives wield at least some kind of pressure on both the level and also on the structure of their compensation.   For instance, most large US firms have a well-organized remuneration committee which basically consists of two or more two outside directors.   Although all the major d ecisions which are related to the top-level compensation are passed through this organized committee, the committee then rarely conducts the market studies of the competitive compensation levels or the initiates or they propose new ECS or the executive compensation schemes.

Mass Relationships in Chemical Reactions Essay Example for Free

Mass Relationships in Chemical Reactions Essay Aim The aim of this experiment is to show that a reaction doesnt have always 100% yield by reacting NaHCO3 and HCl and determining the amount of the products to calculate actual yield. Introduction A chemical reaction will be quantitative if one of the reactants is completely consumed. In this experiment sodium bicarbonate and hydrochloric acid start a reaction. The formula of this reaction is below. NaHCO3 + HCl NaCl + H2O + CO2 Observations In this experiment, sodium bicarbonate is put in an evaporating dish and some amount of HCl is added in the dish and the reaction started. Bubbles are formed and CO2 gas is produced and the reaction started to make sound. There was also water vapor formed. White NaHCO3 started to turn into a colorless liquid after adding HCl. As the reaction takes place water is started to form. NaCl was dissolved in water, so salty water is heated to obtain NaCl. As the liquid is heated it turned into a yellowish color for a few seconds. Then it started bubbling and water vapor is formed. Raw Data: Trial # Mass of Dish+NaHCO3+Lid +- 0.1 (g) Mass of NaCl+Water+Dish+Lid +- 0.1 (g) Mass of NaCl+Dish+Lid +- 0.1 (g) 1 64.14 g. 72.16 g. 63.28 g. 2 65.14 g. 72.95 g. 63.91g. Mass of Evaporating Dish + Lid: 62.14 +-0.1 g Processed Data: Trial #1 64.14 62.14 = 2 g NaHCO3 72.16 62.14 = 10.02 g NaCl + H2O 63.28 62.14 = 1.14 g NaCl Trial # 2 65.14 62.14 = 3 g NaHCO3 72.95 62.14 = 10.81 g NaCl + H2O 63.91 62.14 = 2.07 g NaCl Trial # Mass of NaHCO3 (g) Mass of NaCl + H2O (g) Mass of NaCl (g) 1 2 g 10.02 g 1.14 g 2 3 g 10.81 g 1.77g Calculations Na: 14.01 g/mol, H: 1.01 g/mol, Cl: 35.45 g/mol, O: 16 g/mol, C: 12.01 g/mol NaCl= 49.46 g/mol H2O= 18.02 g/mol NaHCO3: 75.03 g/mol Mole number of NaHCO3 = mole number of NaCl Trial #1 2 / 73.03 = 0.0274 mol NaHCO3 1.14 / 49.46 = 0.0230 mol NaCl Theoretical Yield: 0.0274 mol NaCl Percent Yield: 0.0230 / 0.0274 = 0.8394 x 100 = 83.94% Trial #2 3 / 73.03 = 0.0411 mol NaHCO3 1.77 / 49.46 = 0.0358 mol NaCl Theoretical Yield: 0.0411 mol NaCl Percent Yield: 0.0358 / 0.0411 = 0.8710 x 100 = 87.10% Conclusion The results are 83.94% for trial #1 and 87.10% for trial #2. Trial #2 is more accurate. The accepted value is 100%. The percentage errors are 16.06% for trial #1 and 12.90% for trial #2. The uncertainties are too small to calculate on the results. Random errors presented in this experiment. All the errors were done by human beings. There werent any errors due to a flaw of a machine or the procedure. Evaluation When salty water is heated on the first trial, the substance started to spill around, because the substance is heated with high amount of heat and faster than it should be. As a result, some of the NaCl which stuck on the lid and spilled around was lost, so the result of the first experiment is not accurate. Other reasons that changed the results may be all NaHCO3 may not be dissolved. Too much HCl may be added on the dish. There may be still water molecules left on the salt after heating. To get more accurate results, the experiment should be done more slowly than this experiment. Especially the heating process should be done slowly, so the evaporation can be observed more carefully.

The Popularity Of Air Travel Tourism Essay

The Popularity Of Air Travel Tourism Essay The Wright brothers penned their names down in history when they built the first airplane which flew for 12 seconds. Thirteen years later, in 1936; the first passenger aircraft was produced with a capacity of 21 passengers. Since then, commercial flying has become a reality. However, it was a harsh reality because only an elite group of rich people had access to this luxurious life. In 1971, the first low budget airline, American company Southwest was launched. With the introduction of budget airlines into the market, flying became available to people of every class in society. The demand for air travel skyrocketed and the industry flourished. Thus, it is safe to say that rather than causing harm to the environment by contributing to global warming, the industry brings huge benefits in economical and social aspects and its presence is very much needed and welcomed in the travel sector. Throughout this essay, the term airline industry will be more commonly used than the term budget airlines as low cost airlines only represent a small fraction of the airline industry, not the whole industry. By looking at the bigger picture of the entire aviation industry, the impacts of the industry can be evaluated at a larger scale. Therefore, the overall impact of airlines on the environment and its benefits will be discussed rather than the effects of budget airlines alone. This essay will also focus on the airborne environment which comes more in contact with airline industry. Beginning with the industrial revolution, air transport has gained popularity because it saves international travel time as transportation becomes a basic necessity. As a result, environmentalists argue that the airline industry no doubt highly contributes to carbon dioxide emission into the atmosphere as one of the fastest-growing sectors given the extra boost from budget airlines. The Environmental Protection Agency shows that in 1997, the U.S. aviation emitted carbon dioxide which was roughly comparable to the carbon emissions of certain industrialised countries (General Accounting Office 2000). Carbon dioxide gas is emitted as a by product of the burning of aviation fuel. As the main greenhouse gas, excessive amount of emissions cause global warming to rise at an alarming state. The Intergovernmental Panel on Climate Change (IPCC) predicts the worldwide temperature to increase from 34.7 to 40.1 degrees between 1990 and 2100 (Bowe, Hartley OConnor 2004). The increase in Earths te mperature brings about a chain of events, such as ice sheets and glaciers thawing, sparking a rise in sea levels and successive coastal flooding. In addition, the occurrence of tropical infectious diseases might increase in moderate climates. On the other hand, it is affirmed by the International Air Transport Association (IATA) that the carbon dioxide vented by aircrafts actually only rationalise for a small 3.5 percent of the worldwide emission, even less by the budget carriers. This contrasts with 41 percent for other industrial sources and 23 percent for other transportation sources (General Accounting Office 2000). Moreover, aircraft experts are taking on the responsibility to minimise the negative impacts of aeroplanes. Giovanni Bisignani, director general of the IATA, claims commercial air travel has made much bigger steps in its environmental impact reduction than any other form of transport (Wastnage,J 2007), by using cleaner aircrafts, new fuels and introducing more sustai nable technologies. Thus, the industry cannot be solely accountable for global warming. On the contrary, airlines pose huge positive implications on the travel industry and economy as a whole. Low cost carriers pilot the industry to act as a catalyst for employment in other sectors such as tourism. A total of 7.7 million direct occupations in global tourism and 6.0 million indirect professions in sectors providing to tourism are estimated to be sustained by the spending of international tourists reaching by air, amounting to about USD 90 billion a year to global Gross Domestic Product (GDP) based on the Air Transport Action Groups (ATAG) report in 2008. Just as air travel is a vital component of tourism, tourism is in turn essential for economic growth. For example, in Africa, 25% of all tourism careers, an estimated 1.5 million occupations are supported by overseas visitors arriving via air (ATAG 2008). Giovanni Bisignani states in 2005 that tourism directly accounts for up to 50% of GDP in Pacific Air Travel Association (PATA) countries, and in Maldives, the sector ac counts for 80% of the economy. Hence, the sector holds a vital role in facilitating the growth of travel and tourism which are key factors in the increasingly globalised world economy. From a different perspective, this essay also takes into consideration a key group of stakeholder in the travel industry, the tourists themselves. Based on ATAGs 2008 report, travel and tourism provide substantial consumer welfare and social benefits. The existence of the air transport industry itself is a manifestation of consumer welfare where the demand to travel globally using a safe and fast mode of transportation is met. Looking beyond that, with budget airlines leading the way in making international travel readily accessible via cheaper tickets, a broader choice of holiday destinations are made available. As local standards of living improve, international air travel from India, China and other surfacing markets is raising swiftly (ATAG 2008). This means that tourists are no longer limited to regional holiday destinations. Travelling halfway around the globe becomes more common now than ever before. This provides freedom to travel and it facilitates the exchange of cultural a nd learning experiences. By being exposed to different cultures while abroad, many experiences are broadened while the understanding of other cultures increases. Both of these result in the improvement of quality of life and aid in better international integration. Moreover, the expansion of multicultural societies is supported when airlines, especially budget airlines provide an affordable mean for immigrants to visit their friends and family back home and vice versa. For that reason, inexpensive flights would ensure a raise in the quality of life. As a whole, while budget airlines and airlines do contribute to many environmental issues, the percentage to involvement is relatively small and according to Philip Murray Condit, former CEO of Boeing, it is the most environmentally friendly way to travel. Comparatively, the airline sector provides jobs for millions resulting in the rise of global economy. Socially, airlines induce the popularity of international travel and enhance cultural knowledge in order to foster better intergovernmental ties. Overall, budget airlines as part of the industry plays an active role in the society, generating profitable gains for everyone while planning ahead to reduce its negative impacts. Bottom line, the airline industry, not forgetting the budget airlines are meant to stay for years to come. (1111 words)

Views on the Topic of Reeds Book Forest Dweller, Forest Protectors Ess

Views on the Topic of Reed's Book Forest Dweller, Forest Protectors Many of the countries of South America have experienced severe balance of payments deficits. In order to encourage development and solve these problems, the governments have engaged in misguided and largely unsuccessful development projects in the rain forests. Ranchers have cleared the forests to raise cattle. Colonization projects have brought small farmers into regions that were once virgin forest. The farming practices that were developed in temperate regions are not very successful in these areas. The land is quickly depleted and the farmers and ranchers clear more forest. The authors of this article suggest that this pattern is not necessary. They explain that simply by following the models of sustainable resource extraction practiced by the indigenous people of the area, the resources of the rain forest can be utilized sustainably. The areas in which sustainable resource extraction is being investigated include gathered products, wild game, aquaculture, agriculture, and resource units. The authors explain each type of resource and touch on how each can be extracted sustainably with the help of indigenous models. For example, game animals could be taken from the forest sustainably if they were "cropped in a form of ‘semi-domestication’ in abandoned garden sites" (Posey, et al 1984). This would mimic the indigenous people such as the Guaranà ­ who are able to keep populations of important game animals artificially high when they allow them to eat food plants out of their gardens. If this model were followed, more animals could be hunted with less harm to the population. Agricultural practices of native peoples could also be copi... ... and used for meat in a sustainable way. I find this point to be highly controversial. Large mammals such as manatees are more vulnerable to over-hunting because their populations are not very dense. Many varieties of turtles are already endangered in the rain forests because there is too much sediment and pollution in the rivers. I don’t think that these species should be considered in sustainable hunting programs. Finally, some of the ideas of these authors, including gathering insects, organizing plantations of fruit bearing trees and keeping animals that eat the fruits on the land as a "game farm," and developing resource units seem a little bit far fetched. All of the ideas of this paper do, however, merit careful review. Any use of a rain forest that maintains the biodiversity and all allows the ecosystem to remain intact is better than clear cutting.

Grandparents and Grandchildren Relationships Essay

There are many benefits that can be enjoyed as a result of the relationships between grandparents and their grandchildren. The benefits that can result from such relationships are loving companionship, the grandchildren gain mentors, and the grand parents can educate the grandchildren on the family history as well as their culture. It is therefore clear that the grandchildren can gain more knowledge from their relationship with their grandparents. According to Weston &Qu (2009, p. 59), there are many roles that the grandparents can play on their grandchildren growth. However, their ability to perform these roles is dependent on the relationship that exists between the grandparents and the grandchildren. One important role that the grandparents can play in the growth of the grandchildren is teaching them their history and their culture. Therefore, from this relationships the grandchildren gains historians and educators. Another important role that the grandparents can play on the growth of their grandchildren is mentoring them. Children require mentorship in order to avoid making some mistakes such as engaging in immoral behaviors. As a result of these relationships, children develop life skills on activities which can be performed during their leisure times. Grandparents also can gain some benefits from their relationships with their grandchildren. For instance, some grandparents use their parenting skills in grand parenting in order to prove to their children that they are good parents as a result of their years of experience (Mader, 2007, p. 1). Further, this relationship offers the grandparents with an opportunity to be involved in their grandchildren’s lives. As a result of the various benefits identified on the relationship between grandparents and their grandchildren, such relationships are very import ant to the grandparents as well as to their grandchildren. Whereas the grandchildren gain historians, mentors and educators, the grandparents get an opportunity to be involved in their grandchildren’s lives. References Mader, S.L. (2007). Benefits of Grandparenting.Family and Consumer Sciences. The Ohio State University. Retrieved from: http://ohioline.osu.edu/hyg-fact/5000/pdf/Benefits_Grandparenting.pdf Weston, R &Qu, L. (2009).Relationships between grandparents and grandchildren. Family Matters 2009 No. 81. Retrieved from: http://www.mentalhealthacademy.net/journal_archive/aifs094.pdf

Solitude essays

Solitude essays In the essay  gSolitude, h the author Henry David Thoreau says that nature is the place where he can feel harmonious with and loved by nature, and cannot feel solitude. In addition, there is enough time that he can spend contemplating a society. First, he had also felt fear or solitude in a deep woods as many people think. However, he found he was not alone, rather, he was surrounded by gentle nature. So, he says he loves a long rain storm, because he can be alone and be healed by the sound of rain. Then, he implied that he did not like a society, because, to live in a society, we had to be restricted by many rules to let us stand or endure  gfrequent meeting h. In the situation, we are apt to forget to respect with each other, and he suggested that we should live in nature. If we do so, we could notice significance of the respect and be able to restore  ghearty communications. h In my childhood, my father would often take me to a camp in weekend. The campsite was located in a forest, but not deep or secluded, and my father and I go fishing at a lake near to the campsite in early morning. There was no people around us, so after we came to the fishing point and my father turned off the engine of a boat, we could not hear anything. Little by little, I became able to hear the sound of wind in a heavy fog, and I could feel restful and comfortable, liberated from society. Exactly, I believe his idea might be fine or nice. If everyone could feel the same thing or feeling and notice the value of nature, we would have a leeway to think about everything. And we could live better than now, and we would think about nature more seriously. In addition, we could avoid a tragedy as in  gFriends, h which was caused in modern, crammed, lonely society. ...