base salary for achieving performance objectives as set out by the board of directors. He also gets an annual

car allowance of $$14,000$ and a pension top$-$up of $$50,000.$

The Ontario healthcare sector has been reeling under financial pressure, with nurses being let go$,$ emergency

wards being closed, and continuing longer wait times in the province's emergency rooms. Yet executive pay for

some hospital executives remains relatively high; apart from CEOs, other hospital executives earn rich

compensation packages.

Questions

Are CEOs and key executives worth the large pay packages they receive? Explain.

Do you agree with Peter Drucker that corporate executives should receive compensation packages no

larger than a percentage of the pay of hourly workers? Explain.

Do you think that executives in the broader public sector, such as hospital executives, should receive

such large pay packages?