Discuss two pros and two cons of keeping pay information secret. What can a company do to offset the cons?
What will be an ideal response?
The pros of keeping pay information secret include respecting people's privacy and avoiding embarrassing situations for employees. The cons include many employees believing that co-workers make more than them, making them feel underpaid and dissatisfied with the job. Companies can overcome the cons by publishing pay ranges to let employees know what they can earn if given a raise, a promotion, and/or a transfer.
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Kelly owns 10,000 shares in McCormick Spices, which currently has 500,000 shares outstanding. The stock sells for $86 on the open market. McCormick's management has decided on a 2-1 split
a. Will Kelly's financial position alter after the split, assuming that the stocks will fall proportionately? b. Assuming only a 35% fall on each stock, what will be Kelly's value after the split?