Question.1995 - SIMPLIFIED INSTRUCTIONS: (QUESTIONS ARE BELOW) For the complete instructions and expectations for discussions, please see Module 1, but as you know by now, the discussions are an intellectual exchange with your classmates. At a minimum, in each thread, answer one question I've posed (required) and respond to at least one classmate (required). Repeat (i.e., at least 3 times per week). Posting all your answers/replies on one or two days will not meet expectations, no matter how many times you post. If you feel like everything has been said, please share interesting research from articles, news, or academic or trade journals related to the discussions; please be sure to copy in the relevant information and provide a citation, or provide a link, or url so we can easily find the original source. Grading Rubric. You can view the grading rubric by clicking the 3 dots at the top right corner of this discussion and "show rubric". Your total participation grade for the course will be the sum of your participation grades for Modules 1-4.Module 3. Week 6 has two (2) required discussions and one (1) optional discussion, color- coded to make them easier to find and follow.MODULE 3. WEEK 6. Ch. 13. Wynn Resorts. Corporate Governance Principles MODULE 3. WEEK 6. CH. 13. Executive Compensation MODULE 3. WEEK 6. OPTIONAL. Ethical Taxation EACH WEEK, PLEASE FIND THE THREAD FOR EACH QUESTION AND USE THE REPLY OPTION TO THAT THREAD to keep answers to all questions in one 'thread' (this is how CANVAS works). Please do not reply to this instruction post. COMPLETE QUESTIONS: (THREAD): MODULE 3. WEEK 6. Ch. 13. Wynn Resorts. Corporate Governance Principles2/14/24, 6:15 AM Topic: Module 3 Week 6 Discussionhttps://canvas.uhv.edu/courses/2650/discussion_topics/38740 2/7 Did the board of directors operate according to the principles of good corporate governance? Discuss a principle the BOD honored or failed to observe. _____________ (THREAD): MODULE 3. WEEK 6. Ch. 13. Executive Compensation In theory, the owners of public companies are the shareholders. Managers, including top managers, are employees who are supposed to act as agents for the owners. Yet, top managers often are compensated like famous athletes and celebrities, although many argue managers can be replaced more easily. Executive compensation is largely unregulated. Please consider the issue, and address one of the following questions: 1. Was Steve Wynn’s executive compensation justified? Why or why not? 2. Are executives overpaid? Should executive compensation be regulated to protect the shareholders? Why or why not? 3. Would you support a maximum wage, and if so, what would you support (e.g., 100 times the lowest worker, or 100 times the average worker? As a comparison, Plato (the ancient Greek philosopher) suggested 5 times the lowest worker, and the management guru, Peter F. Drucker argued as recently as the mid-1980s said that no leader should earn more than 20 times the company's lowest-paid employee (at the time, CEO pay was 40 times). His reasoning was “if the CEO took too large a share of the rewards, it would make a mockery of the contributions of all the other employees in a successful organization.”-------------- (THREAD): MODULE 3. WEEK 6. OPTIONAL. Optional. Ethical Taxation Please feel free to address these questions or to raise others. I only ask that you do a little reading on the topic (please see some sources below) so you address the discussion with some background knowledge. 1. What is “ethical” or “fair” taxation, for corporations and/or individuals? What makes fair? 2. Should there be a maximum tax rate or a minimum tax rate? To inform this discussion, please find below some recent information on corporate and individual tax rates, and some of the different ethical perspectives and ideas, including some extremely wealthy people who support many reforms and even higher taxes for themselves.
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