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Underperforming CEOs Companies pay bonuses to their CEOs because they want to motivate them to perform better in the future to encourage them in risk taking and to work hard and to succeed Paying high bonuses is the best way to keep these people in the company otherwise they might leave to the competitors of the company I agree that the well-performed CEOs should be paid with high bonuses but these bonuses should not only be compared with the past performance of the company itself but also based on the better performance in contrast with their competitors For giving bonuses to the under performing CEOs there are two cases 1 When the CEOs under perform compared with the past performance of the company however the company performs equal to or better than their competitors In this case these CEOs should receive bonuses If the whole industry or economy is under performing it might not be their fault for the underperformance of the company If the company does not give a bonus to these people it might damage their incentive and risk taking or worse they may leave and search new job The CEOs in this case should be given bonuses relative to their performance 2 When they perform worse than the past performance of the company and competitors In this case giving bonuses to poor performers is illogical If we give bonuses for underperformance we will be rewarding their poor performance If they do not accomplish their duties I would consider firing them instead of giving bonuses This would be the same case if they were to fire a normal employee for not fulfilling his duties In sum I agree with the conclusion of the study that under performing CEOs should receive bonuses but only for the first case that I explained above meanwhile I strongly disagree with the conclusion of the study for the poor and
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