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Intelligent Business

Unit 4 ： Pay. Intelligent Business. UNIT OBJECTIVE. Reading ： The rewards of failure Language: Present perfect and past simple Vocabulary: Jobs Career skills: Evaluating performance Culture at work: Fixed objectives or flexiblity? Dilemma & Decision: Success at what price?.

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Intelligent Business

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  1. Unit 4：Pay Intelligent Business

  2. UNIT OBJECTIVE • Reading： The rewards of failure • Language: Present perfect and past simple • Vocabulary: Jobs • Career skills: Evaluating performance • Culture at work: Fixed objectives or flexiblity? • Dilemma & Decision: Success at what price?

  3. Focus of Unit • This unit looks at pay, specially executive pay. A topical question is whether top managers and directors deserve the lavish pay packages they are awarded. This is a particularly relevant issue since the gap between executives’ pay and that of factory-floor workers has widened in rich countries over the past two decades.

  4. Keynotes • What do you think the picture represents? • Focus of the unit: a top manager who receives a huge pay package and bonuses

  5. Preview • Brad Jefferson Age: 35 Position: CEO Car: BMW 740 Salary: $3 million per year plus bonus Hours worked: 60-80 hours per week Anne Lee Chang Age: 32 Position: senior manager Car: Jaguar Salary: $3 million Hours worked: 60 hours on average

  6. Reading 2 • 1 b • 2 b • 3 c • 4 b • 5 a

  7. Vocabulary 1 • 1 criticism 2 bonus 3 reject 4 legal action 5 advise 6 pension 7 competition 8 make a fuss

  8. Vocabulary 2 • step down • call off (Type 2 – needs an object) • call on (Type 2 – needs an object) • look after (Type 2 – needs an object) • broke down • go under (=fail / go bankrupt) • get ahead • set up (Type 2 – needs an object) • pointed out (needs an object)

  9. Listening 1 - 1 • Total compensation: $ 116,683,000 per year • Share value: $111,050,000 • Salary and bonuses: $5,530,000 • Other payments: $250,000

  10. Practice 2 • 2 lost 3 has appeared 4 has taken 5 was 6 earned 7 has worked 8 threatened 9 caused 10 started 11 left 12 asked 13 contributed 14 wanted

  11. Listening 1- 2 • 1. They were intended to motivate managers by making them part-owners of the company. • 2. Markets fluctuate, affecting share prices. • 3. By encouraging market fluctuations in order to benefit by selling their shares before the market falls.

  12. . • 4.By earning salary increases and bonuses if they meet their objectives. • 5. They could also earn salary increases or bonuses only if objectives were met. • 6. Based on real increases in company performance (not just on increases in share price, which may be attribute to the market).

  13. Practice 1 • Finished time: ago, yesterday, in 2005, on Tuesday, last week, 8 April • Unfinished time: this, never, ever, the last few, since, recently, today, yet, already • NB: FOR is normally used to refer to unfinished time but it can also be used to refer to finished time.

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