IA5: Reflect on a guest lecture

Assignment 5



For this assignment I am going to reflect on our guest speaker lecture
Cassandra Pan. Cassandra has extensive entrepreneurial and business executive experiences in China, North America and internationally. Between 2009 and 2015, she was the President of Fenner Dunlop Americas in charge of conveyor product and service division in North and South America headquartered in Pittsburgh, U.S.A. She directly manages the sales and service organizations, as well as marketing, product/technology development, innovation, and technical training. Cassandra basically talked about C.E.O’s jobs and responsibilities, and what they actually do in the company. Moreover, she discussed what makes a good C.E.O. and why they're paid a lot of money. The speaker mentioned  that C.E.O.s now work much harder than ever before and at the same time get paid much more also than ever before. 

I learned a lot of things about C.E.O.s from this lecture. First, I know now what a C.E.O.s actually do, they are responsible for leading the development and execution of the Company's long term strategy with a view to creating shareholder value. they act as a direct liaison between the Board and management of the Company and communicates to the Board on behalf of management.
Also, I learned that C.E.O.s are so important to any firm in the world, and sometimes a firm success can depend solely on C.E.O.s work and their management of the company.
Even though being C.E.O. is a horrible job, the amount of money they getting now is still huge. There are C.E.O.’s getting paid hundreds of millions. However, no one definitively could say if that’s too much or too little. Actually I found a current news from CNN news that relates to this issue, the article discusses how Walmart's CEO earns 1,188 times as much as the company's median worker.

Here is the link of the article:

Also I found an article called “CEO turnover” in the Economist, which I think it is also relates to the lecture. The speaker mentioned that CEOs do not last too long in their jobs, and firms usually tend to give them a short amount of time in the position. This article however, shows a study that mansions that only 11.6% of the world’s 2,500 biggest publicly listed companies got new bosses.

Here is the link of the article:




    

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