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Fact 10.3.1 Executive Pay
Executive compensation, based on performance, can theoretically constrain pay, but companies are paying their top executives more and more. The median compensation of a CEO in 2013 was $13.9 million, up 9 percent from 2012
Source: CNBC, April 28, 2014
-Refer to Fact 10.3.1. Paying executives with stock will
Cognitive Maps
Mental representations of physical environments, helping individuals navigate and understand spatial relationships.
Theories
Systematic ideas or sets of principles intended to explain phenomena based on general concepts.
Reductionist
An approach in science and philosophy that breaks complex phenomena down into their most basic parts, often with the aim of simplifying understanding.
Holistic
An approach that considers the whole system, including physical, mental, social, and spiritual aspects, rather than focusing on individual parts.
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