Question

a large corporation and compare the earnings of the CEO to the earnings of the average employee and reasons for this pay differential

Answer 1

The Chief Executive Officer (CEO) is ranked the highest executive manager in a corporation or organization. CEO holds the responsibility for the overall success of an entire firm. The CEO has the ultimate authority on making final decisions for a firm. The specific responsibilities depend on the requirement of the organization. In a large corporation such as Amazon , according to the filing Amazon.com Inc employees with the job title Chief Creative Officer earned an average annual salary of $348,921, while employees with the title Receiving Clerk earning the least with an average annual salary of $22,698.

The reason for this differential is because CEO has an overall responsibility for creating, planning, implementing and integration of the strategic direction of a firm. An incompetent CEO may lead the company to disaster. These positions are most powerful and magically competent as these communicate on behalf of the Company to employees, Government authorities, shareholders, other stakeholders and the public. Amazon’s success stems from CEO Jeff Bezos and his management team, who have been operating differently than majority of other companies. Core Needs of Amazon are being met are:

--Excellent Customer Service: Efficient customer services are very important and Amazon this need has been performed so well over-time

--Global Resources Available: Availability of superior customer support handle large volumes from a wide diversity of resources is been fulfiled as have an access to nearly 80 enormous warehouses and fulfilment centers

--Efficient Tracking System: Barcode technology has made the system efficient

--Government policies: With the support of government Amazon export business to 100s of countries around the world and have done since the very start

--Local services: With a core need of addition of services such as local language versions of the site, payment in any currency, local marketplace, localised bestseller lists, site Amazon could significantly enhance its relevance to global customers