In 1960,CEO Compensation as a Multiple of Average Employee Compensation

question 55

Short Answer

In 1960,CEO compensation as a multiple of average employee compensation in the United States was about _________ times.

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Definitions:

Leader's Power

The capacity of a leader to influence, motivate, and enable others to contribute toward organizational success.

Merit Pay Raises

Salary increases awarded to employees based on their job performance, as a reward for their contributions to the organization's success.

Coercive Power

The ability of an individual or group to influence others' behavior by imposing threats or penalties.

Department

A specialized functional area within an organization that focuses on a specific set of tasks, activities, or responsibilities.