EXECUTIVE PAY

• Engels
• MBO
• Studiejaar 2

WELCOME

AGENDA FOR TODAY

-  discussion about differences in salaries (wage gap) between regular employees and top executives

- USEFUL VOCABULARY

- READING - The rewards of failure

- VOCABULARY EXPANSION (Vocabulary 1 & 2 p. 36)

What jobs should get
the highest salary?

WAGE DIFFERENCES

Dutch CEOs on average earn 171 times more than the salary of the average employee, according to an analysis by Bloomberg  in 22 nations. That puts the Netherlands in 5th place for the biggest wage gap. The income gaps are only bigger in the United States, India, the United Kingdom, and South Africa.

Should there be a limit on CEO salaries?

Do you think that CEOs should still get generous bonuses even if the company is in financial trouble (for example due to corona)?

CEOs - associations

FAT CAT

someone who has a lot of money, especially someone in charge of a company who has the power to increase their own pay

GOLDEN PARACHUTE

a large payment made to someone who has an important job with a company when that person is forced to leave their job

SEVERANCE PACKAGE

the pay and other advantages that an employee receives when their employment is ended by the management

REMUNERATION

payment for work or services

SHAREHOLDER

a person who owns shares in a company and therefore gets part of the company's profits and the right to vote on how the company is controlled

GOLDEN HELLO

an extra payment that is given to someone for accepting a new job

READING - THE REWARDS OF FAILURE

ANSWERS

1.b

2.b

3.c

4.b

5.a

EX. 1 AND 2, p. 36 (VOCABULARY)

Vocabulary 1

1. criticism

2. bonus

3. reject

4. legal action

5. advise

6. pension

7. compensation

8. make a fuss

Vocabulary 2

2. step down

3. call off

4. call on

5. look after

6. broke down

7. go under

8. get ahead

9. set up

10. pointed out

HOMEWORK

HOMEWORK: WORKBOOK (1 AND 2 P17)