Compensation and Training Essay Example | Topics and Well Written Essays - 750 words

Compensation and Training - Essay Example America, the world’s largest economy, where the past decade a continuing bubble growing with continuous spending fueled by debts that suddenly burst when financial institutions that were supposed to generate money ended up producing even more debt (U.S. Treasury Department, 2009). The US government responded immediately to the threat of a global financial meltdown, gathering governments abroad and at the same time, was at the forefront of a Keynesian tactic of responding to impending depressions – increasing government spending. Hence, the Troubled Asset Relief Program (TARP) was born. The idea behind this program is to empower government to use federal funds to directly inject financial support to institutions to keep the financial sector afloat. It aims to purchase troubled assets, consisting mainly of the products of the subprime mortgage crisis. To manage this program, the Office of Financial Stability under the Treasury Department was born. It has seven components namely: (1) mortgage-backed securities purchase program; (2) whole loan purchase program; (3) insurance program; (4) equity purchase program; (5) homeownership preservation; (6) executive compensation; and (7) compliance (Treasury Public Affairs, 2009). The law specifically defines important requirements for firms that apply for the TARP. Executive compensation has been one of the thorniest issues that have struck public outrage when troubled companies continue to allow for astronomical compensations for its chief officers (Treasury Public Affairs, 2009). Executive compensation is a corporate term that describes how the management of big corporations is paid. Over the past thirty years, there has been a dramatic increase in the compensation of CEOs and other officers, far beyond the levels of an average worker. Five basic tools for compensation include a base salary, short-term incentives and bonuses, long-term incentive plans, employee benefits and perquisites. The typical salary for CEOs

MHE514 Module 4 Case - War and Terrorism Essay Example | Topics and Well Written Essays - 750 words

MHE514 Module 4 Case - War and Terrorism - Essay Example Furthermore, people may not always show the effects physically. A large percentage of the veterans carry emotional, mental or social scarring. Beginning right after the war in 1991, previously healthy veterans began claiming that they suffered from illnesses and symptoms of other diseases because of the conditions they had suffered through in the war. These reports initially came from American veterans, and was soon followed by British and Canadian veterans. The media quickly took up this story and this phenomenon was given the term Gulf War Syndrome, which was said to be an illness unique to Gulf war veterans. American and British researchers began conducting studies about the claims of the war veterans. However, they discovered no unusual patterns of illnesses among the hundreds of thousands of war veterans they studied. Their diagnoses only showed â€Å"medically unexplained symptoms and syndromes† such as dizziness, affective problems, fatigue, joint and muscle aches, cognitive problems, headaches, respiratory complaints, gastrointestinal problems, sleep disturbances, skin problems, musculoskeletal disorders, re spiratory conditions, and post-traumatic stress disorder (Coker, Bhatt, Blatchley, & Graham, 1999; Coker, 1996; Joseph, 1997). However, news of the Gulf War Syndrome continued to spread with the media reporting cases of veterans having children with deformities and an increase of the death rates of Gulf War veterans, mainly due to cancer (Arneta, Schlangen, Edmonds, Destiche, Merz, Hobbs, et al, 2003). Again, these news reports were refuted by studies done by American and British researchers. Research findings showed that war veterans’ deaths were mainly caused by accidents or suicides (mostly in US veterans) rather than from any illness caused by side effects of the war (MacFarlane, Thomas & Cherry, 2000) Another