In my sentiment corporate administration fails because of bad determinations made by the CEO’s. Board of Directors. Shareholders. and Top Management. “One of the many jobs that guardians of America’s free market system fail to turn to is the terrible disfunction at the top of the nation’s large public companies. Cases in point include some of the biggest bankruptcies of the last decennary: Lehman Brothers. General Motors. WorldCom. Enron and many more” ( Cohan. 2009 ) . Our text provinces that “good corporate administration means better strategic management” ( Wheelen & A ; Hunger. 2012 pg. 63 ) which means that corporate administration fails because of hapless strategic direction. “The systemic failure of corporate administration is peculiarly associated with the Anglo-American corporate administration theoretical account that has enabled. permitted or tolerated extra power and wealth at the custodies of CEOs and cultivated a ‘greed-is-good’ civilization in Bankss ( Sun. Stewart & A ; Pollard. 2012 ) . ” Cohan. P. ( 2009. December 28 ) .
Daily finance. Retrieved from hypertext transfer protocol: //www. dailyfinance. com/2009/12/28/why-american-corporate-governance-is-a-bust/ Wheelen. Thomas L. . and J. David Hunger. Strategic Management and Business Policy: Toward Global Sustainability. Upper Saddle River. New jersey: Pearson Prentice Hall. 2012. 45. Print Sun. W. . Stewart. J. . & A ; Pollard. D. ( 2012. February 15 ) . Retrieved from hypertext transfer protocol: //www. europeanfinancialreview. com/ ? p=4690 B. List some of the “indulgences” other than aureate parachutes and toxicant pills ( which are given to directors by the BOD ) some directors have given to themselves. After reading an article on Crickey. com I found that directors give themselves high wages. benefits. holidaies. and parties.
“Looks like a whizz-bang machine dispensing drinks made from Brazilian java beans has been introduced to GTV9’s newsroom in a command to hike staff morale as evaluations continue to disappoint” ( Tips & A ; Rumors. 2010 ) . In my sentiment these fringe benefits are pathetic one article stated that “Martha Stewart Living Omnimedia spent $ 73. 230 on a weekend driver for its eponymic laminitis. It besides paid for her personal trainer. “provided in her capacity as on-air talent” ( Rexrode. 2012 ) . Don’t people of all time think of the less fortunate. homeless. or idle ; the more I read the article the more disquieted I got. Web log message ] . ( 2010. October 21 ) . Retrieved from hypertext transfer protocol: //www. crikey. com. au/2010/10/21/tips-and-rumours-337/ Rexrode. C. ( 2012.
