Senior Executives like Louis Gonzalez Jr. Spend decades working on the qualities at consistently get them to climb the corporate ladder. The challenges they face are immense. Building companies while economy constantly changes common factors in the business environment modify, and with limited resources that fluctuate at the least opportune time, can be the most challenging undertakings possible.
It may seem hard to believe but many Executives choose to stay at the lower levels of a corporation rather than rising to the top levels and taking on more responsibility. The salary and perks might be less, but the stress and responsibilities that come along with senior management positions can sometimes overwhelming executive.
For those who are prepared and willing to rise to the top, they can be sure that the road will be bumpy and the hours long. There will be times when they won’t have time to go to a son’s baseball game or daughter’s recital, or make that we can barbecue that they promised to attend months ago. In exchange, they get the big salary, the corner office and an ability to be a decision maker. For those who are driven by these things, what must be going through in order to get them only seems like necessary activities. The rewards for being on top or incomparable to being in any other position. Here’s what senior-level executives can expect if they succeed.
There are many stories of senior Executives receiving salaries that are hundreds of time with the average worker at the company receives. Many people feel that these payouts are excessive, but when you look at the role the executive plays for the company, it may be more than Justified. The idea behind paying out large salaries to senior Executives is keep them happy at the company. When executive is successful, he is aggressively recruited by competitors and other companies to take his skills away from the current employer. When employer keeps this executive happy is by giving him a great salary and additional perks. It is not unheard of for top Executives to receive seven and even eight figure salaries.
Stock options are incentives that senior Executives received when they do work that increases the value of a company. The idea here is that if the bonus is stock options that are tied to the performance of the company, the executive will work even harder. There are many stories of Executives receiving hundreds of millions of dollars in stock options for their hard work. Sometimes however executive received the stock options in spite of the fact that his performance did not necessarily add to the value of the company. In this case stockholders and the board seek to limit the compensation for that executive.
Top Executives can expect to receive full benefits from the company. These will include life insurance policies, health insurance, a company car and maybe even a house, payment of all expenses, first class airline and hotel when working oh, and one or several assistants at the office. All of these benefits are paid for by the company and are getting used to incentivize executive to stay at the company. Many Executives shoes a particular company to work for because of the benefits. Companies understand this and are providing more and more exotic packages to top executives.