When you’ve disrespected someone so much they’re not going to be there for you. And at this point, I have no intention of being there for her.
And I’m not a stranger to learning it the hard way. The day our friendship died it became so clear that in life, we have to learn to keep the memories and lose the people who helped us make them.
Let me know what you think! Feedback people, Feedback!!! 🙂
The financial industry represents one of the most beneficial in financial terms of all industries. This is due to the fact that the salary and bonuses that the five CEOs that receive the highest remunerations amount to more than nine million dollars every year. The amount is significantly increased when the value of such investments as stock option and grants, and other long-term motivations are added.
We are all well familiar with the many actors, athletes and initiators of high-tech companies, who make their millions, but most of you haven’t even heard of many Wall Street millionaires. Some of them possess more money than even the accumulated sums of several superstars. But they are not public celebrities that can be recognized while walking on the street.
A study on the salaries, bonuses, stock option gains and grants, long-term incentive payouts and grants of several financial CEOs have been made by the Wall Street Journal in alliance with the Mercer Human Resource Consulting. It was conducted on the basis of data obtained for the year 2005 from proxy statements from 350 major US corporations.
Here is a chart of the five richest financial advisors for 2005.
Charles Schwab (Schwab)
Charles Schwab possesses:
- Salary and bonuses – more than $4.8 million
- Stock option gains – $17 million
- Realized direct compensation – $21.8 million
It is surprising to know that Schwab had to terminate his retirement in order to come to the rescue of his company.
Marion and Herbert Sandler (Golden West)
They both share the fifth position with Mr. Schwab. They possess
- Salary and bonuses – $1.5 million each
- Stock option gains – $20 million
- Realized total compensation – between $21.7 and $21.8 million
John Mack (Morgan Stanley)
Mr. Mack has re-joined Morgan Stanley in the middle of the year, which explains his salary of $337,500. It represents only half a percent of the total compensation he has received. So:
- Salary – $337,500
- Bonus – $11.5 million
- Stock option gains – $30 million
- Restricted options for joining the company – $26 million
- Realized direct compensation – $68 million
E. Stanley O’Neil (Merril Lynch)
The case of Mr. O’Neil is the same as that of Mr. Paulson with regards the lower salary, which is being compensated by the higher amount of bonus.
- Salary – $700,000
- Bonus – $34.3 million
- Stock option gains – $3 million
- Total realized compensation – $38 million
Henry Paulson Jr. (Goldman Sachs)
- Salary – $600,000
- Bonus – $29.5 million (Henry Paulson compensated the low salary by this large sum of bonus.)
- Realized total compensation – over $30 million (Note: This sum doesn’t include distributions form a private investment fund in which he participated, which amounted to $12.7 million. If this money has been included, he would have been in a higher position in the chart.)
And the winner is …
Richard Fuld Jr. (Lehman Brothers)
The winner in the competition “Who is the richest CEO?” made:
- Salary – $750,000
- Bonus – $28.7 million
- Stock option gains – $75 million (thanks to the 51% shareholder return)
- Stock options – $10 million
- Total realized compensation – $104.4 million
Footnote: Richard Fairbank (Capital One) should be the real winner in this race, but his payment structure is quite different from the others’. This is so since he hasn’t received any salary, bonus or incentive. His wealth of $249 million comes from the realized stock option gains.
Gender roles, as defined by Wikipedia is a set of perceived behavioural norms associated particularly with males or females, in a given social group or system. Different cultures and traditions impose different expectations from males and females. Over the past few decades, Canada has made great strides in accepting and adjusting to different meanings of gender roles. My cultural values differ significantly from European and Caucasian norms; therefore it is important to understand different populations to understand their impact on gender roles.
I believe the strongest influences on a person are perceived gender is parents. Our parents are our first teachers and hold very traditional ideas on how males and females behaviours should be especially in today’s society. Parents treat their infant son and infant daughters differently. They react more quickly to their daughter’s cries than to their son. They also tend to hug and pay more attention to with their daughters while trying out new things such as sport activities with their son. We as children look up to them as positive role models but sometimes parents can serve as negative role models as well. For example, in the story “Everyone Talked Loudly in Chinatown” is an example of how Lin’s parents viewed it as wrong to date a white boy she liked in the story. Due to their traditional beliefs, her mother was angry and shocked to see her daughter kissing a white boy which is considered morally wrong.
The shifting of gender roles in the past years has changed dramatically, opening new doors. It has happened so quickly that men and women are still trying to sort out what the new roles and rules mean to them. Although women are no longer expected to be the keepers of the house, in reality, they are still solely responsible for grocery shopping, laundry, cooking, and cleaning, like in the story “A Bit of Magic,” where Matina was seeking ways to earn her own money instead of relying on her husband to earn the cash. She wanted to have a good holiday with her family and found comfort in helping in some small way. Nowadays, men are generally open to the successes enjoyed by the women they share their lives with, however, some still find it hard to celebrate a woman’s achievements because they feel it diminishes their own.
However, rather than blaming each other for the situation, men and women are increasingly willing to work together to learn about their new roles. It will take time to sort out all the implications of the changing gender roles of Canadians, but new expectations should result in better work environment, better relationships, better education, and better lives for everyone in the community.
1) How is intergenerational conflict expressed in migrant families? Use examples from the assigned readings to support your statement.
Most of us have good relationships with our parents but all families have conflicts. Research tells us that there are more problems when families live close together, are mutually dependent on each other, and have frequent interactions. The close interdependency of family increases the likelihood of conflict between generations.
Often the source of conflict comes from the question of who is in control. Both generations have a desire for help, support and nurturing, while wanting freedom and independence. Parents need help with computers, and aren’t able to do the hard physical work they once could. They appreciate help from the younger ones. The young adults would like help with their kids once in a while and could benefit from their parents’ stock of resources and wisdom. But parents have been in charge for a long time, and don’t want to relinquish control, while the young ones want their freedom, implement new ideas.
The story “My Father’s Life,” is a clear example of how he saw the difference between me and his father. He appreciated his father always being there for him in terms of financial support but not as a father figure. There were times he saw it difficult approaching his father and started to see his father in a different light. His father should have adapted himself through the different stages in the family life cycle. I think parents should broaden their children’s horizon by providing them opportunities, and never force them to do what they want to do otherwise unrealistic expectations will impact negatively on the personal development. Through active listening, they both meet halfway and compromise for the better good of both their development in migrating to Canada.
2) How is intergenerational conflict expressed in your own family? Give an example, if possible.
Different cultural values and sudden shift change of lifestyle led to different expectations between me and my parents. There was also lack of communication because I did not want to appear as a burden as I saw my parents adjusting to the new environment here in Canada. I wanted to go explore places on my own, meet new people and adjust as fast as possible. Both my parents and I were facing transitional periods when one party tries to maintain stability in the family and the other seeks independence and control. Because also of foreign credentials not being accepted here in Canada and the difference in education systems between Canada and Dubai, I had to go back to college and start from scratch, which was a very difficult stage for me. My mother wanted me to take on a more professional career such as Finance or Nursing and even though she admits I am good in graphic design and photography, she insisted I be more practical in planning out my future. So I enrolled in Sheridan College for Banking & Wealth Management. There were different expectations, especially in regards to academic studies and career choice.
In other situations, my mother felt I listened to my friends more than her. She stated she often felt confused and helpless because she did not know what to do, and often felt frustrated because I could not meet her expectations. But she learned to compromise for minor matters and felt that I was a young adult ready to make my own decisions and test out my wings in the real world. We admit we both had undergone a lot of ‘pain’ during my adolescent period. But she understood my physical and emotional changes and has given me the support I needed. She strongly believes that a successful student should be an all-rounder. Therefore, she gave me opportunities to attend extra-curricular classes such as guitar and ice-skating lessons. Through positive communication, we were both able to understand my needs, interests and help develop my full potential. My parents wish I have a good education, learn broadly in various areas, and obtain good results in my studies. As long as I tried my best, they are happy. They do have expectations for me to work hard to obtain good results. My parents believe having a reasonable expectation from me is quite okay. It mobilizes me to work towards a goal in life.
Bill Gates recently gave a speech at a High School about 11 things they did not and will not learn in school. He talks about how feel-good, politically correct teachings created a generation of kids with no concept of reality and how this concept set them up for failure in the real world.
Rule 1 : Life is not fair – get used to it!
Rule 2: The world won’t care about your self-esteem. The world will expect you to accomplish something BEFORE you feel good about yourself.
Rule 3: You will NOT make $60,000 a year right out of high school. You won’t be a vice-president with a car phone until you earn both.
Rule 4: If you think your teacher is tough, wait till you get a boss.
Rule 5: Flipping burgers is not beneath your dignity. Your Grandparents had a different word for burger flipping: they called it opportunity.
Rule 6: If you mess up, it’s not your parents’ fault, so don’t whine about your mistakes, learn from them.
Rule 7: Before you were born, your parents weren’t as boring as they are now. They got that way from paying your bills, cleaning your clothes and listening to you talk about how cool you thought you were. So before you save the rain forest from the parasites of your parent’s generation, try delousing the closet in your own room.
Rule 8: Your school may have done away with winners and losers, but life HAS NOT. In some schools, they have abolished failing grades and they’ll give you as MANY TIMES as you want to get the right answer. This doesn’t bear the slightest resemblance to ANYTHING in real life.
Rule 9: Life is not divided into semesters. You don’t get summers off and very few employers are interested in helping you FIND YOURSELF. Do that on your own time.
Rule 10: Television is NOT real life. In real life people actually have to leave the coffee shop and go to jobs.
Rule 11: Be nice to nerds. Chances are you’ll end up working under one