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Oracle 1Z0-926 : Oracle Cloud Platform Application Development 2018 Associate Exam
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Test Number : 1Z0-926
Test Name : Oracle Cloud Platform Application Development 2018 Associate
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Oracle cheat sheet
8 Outrageous government Perks | 1Z0-926 Study Guide and test dumps
or not it's annual-assembly season, which capacity shareholders are about to get their once-a-12 months seem to be on the pay and sweets given to company precise canines as disclosed in company proxy statements.

The multimillion-greenback pay programs surpassed out this year will make headlines, but shareholders could be intelligent to also mind the little issues: the perks, similar to automobiles and country-membership memberships, awarded to the honchos. These supply-aways are vital past their cost, says Nell Minow, editor of The company Library, an unbiased analysis and score company. "They show that the board is spineless," says Minow. "If the board can't say no to the CEO on some ridiculous perk, what are directors going to do when the concerns are bigger?"

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certainly, whereas some perks are in basic terms outrageous because they’re given to executives who earn big fortunes and are smartly capable of pay the tab themselves, others have proved to be a sign of government larceny and lax oversight with the aid of an organization’s board of administrators. (For extra on digging into a corporation by means of gaining knowledge of its SEC filings, see Their 10-okay Cheat Sheet: how to velocity study an organization's Annual document.)

here are eight of the most outrageous perks given to U.S. executives in historical past -- some lengthy gone and some remaining.

SEE THIS STORY IN SLIDES: 8 OUTRAGEOUS executive PERKS $2 Million party
Tyco international (image TYC):There may still be no scrimping on a birthday celebration, so when Dennis Kozlowski’s second spouse hit the magic age of 40 in 2001 -- best a couple of months after they wed -- the former Tyco chief went all out. He threw a weeklong Roman-themed birthday celebration on the island of Sardinia -- replete with scantily clad fashions, chariots and an ice-sculpture vodka fountain made to look like Michelangelo’s David. Tyco, now based mostly in Switzerland, paid half of the $2 million tab.

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And that’s now not all. Tyco additionally paid for Kozlowski’s dog-fashioned umbrella stand ($15,000), a gold-plated waste basket and artwork in his mansion -- but interestingly now not with the enterprise’s expertise or consent. four years later, Kozlowski changed into convicted of grand larceny for misappropriating tens of millions in shareholder assets for his personal advantage.

put up-Mortem Non-Compete
Shaw group (SHAW):companies are every now and then inclined to pay executives colossal sums for promises now not to compete or disclose enterprise secrets and techniques when they exchange employers. however Baton Rouge–based mostly Shaw group needs CEO James Bernhard to hold that promise a little longer than general -- two years previous loss of life -- and is inclined to pay dearly for his silence in the grave.

in response to the business’s most accurate proxy statement, Shaw can pay Bernhard -- or his heirs -- $15 million (plus hobby) when he leaves for his promise no longer to compete -- however he can’t compete as a result of he’s useless.

Housekeeping for friends and household
Tyson foods (TSN):Don Tyson retired in 2001, but Tyson foods become so grateful for his past management that it obtained into some bad habits, reminiscent of financing holidays for Tyson and his shut friends, paying their own credit-card expenses, and allowing him to charge unusual purchases -- equivalent to a horse, which charge $8,000, and a $20,000 oriental rug -- to the enterprise.

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however most likely the most objectionable perk became having Tyson business personnel clean Mr. Tyson’s condo and mow his garden. based on a 2005 SEC settlement geared toward curbing Tyson’s can charge-it-to-the-enterprise spree, Tyson meals spent $203,675 having employees clean five diverse homes owned by using Don Tyson, his family unit or chums. The enterprise, headquartered in Springdale, Ark., also sprang for $84,000 in lawn-upkeep fees for a similar 5 homes.

Flying faculty Bus
Qwest communique international (Q): Executives are often given the appropriate to make use of the company jet for pleasure go back and forth, but their spouses, little ones and pals are always best allowed to make use of the airplane once they’re accompanying the worker. but Edward Mueller demanded an exception to that rule when he became CEO of Denver-based Qwest in 2007.

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His employment agreement gave his wife and daughter the right to make use of the enterprise jet to travel to and from California, where his daughter was nevertheless in high faculty. The mobile enterprise expensed $281,182 that 12 months for Mueller family pleasure rides on the jet and ended up buying his California domestic for a $1.8 million top rate to its resale cost, too.

Tax-Free California
Occidental Petroleum (OXY): When Ray Irani moved to California to take Oxy’s correct job, he became interestingly horrified by using the Golden State’s high salary tax fee. He had moved from Texas, which doesn’t tax particular person earnings. in case you’re incomes tens of tens of millions a yr, California’s 9% state profits tax rate is not any small count number. So in 1991, Irani struck an employment deal that required Oxy to pay his state profits tax bills.

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Over the course of the next six years, the los angeles–primarily based power company shelled out $5.8 million to pay taxes for Irani. however the issue with paying taxes for a person is that even the tax charge is taxable. There’s additionally tax on the tax on the tax, which multiplies the genuine quantity that have to be paid, making this one of the most egregious corporate perks in the united states, says Minow.

Occidental, long a target of pay critics, spoke back to shareholder objections by paying Irani a lump sum of $95 million in 1997 to purchase out his contract and rescind the business tax subsidy.

Flying money Cow
Apple computer (AAPL): In 1999, Steven Jobs became “meantime CEO” of Apple desktop, having back in 1997 to the then-struggling enterprise that had fired him a decade past. directors were so grateful for his management and his refusal to accept any cash pay -- he nonetheless works for $1 yearly -- that they gave him a $ninety million plane.

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every person loves Jobs. And shareholders, who've profited enormously under his leadership, are unlikely to bitch about anything else the board offers him. still, a $90-million Gulfstream V is respectable perk. It became even stronger in 2002, when the Cupertino, Cal., business began reimbursing Jobs whenever he used his airplane on enterprise business. In 2002, Apple paid $1.1 million in flight-can charge reimbursements for his use for the past two years.

super security
Oracle Corp. (ORCL): to assert that Oracle’s Larry Ellison is safety-conscious is somewhat of a real understatement. He installed a safety gadget at his expansive northern California domestic, and Oracle, primarily based in Redwood Shores, Cal., can pay about $1.four million annually to display screen it. (to put this in point of view, Qwest can pay about $three,000 annually to protect Mueller.)

Few details are available about Ellison’s “residential protection program,” except that it comprises “protection personnel.”

box Seats 'Til death (or Divorce)
popular electric powered (GE): no person knew what fantastic perks Jack Welch acquired from GE until after he retired and have become embroiled in a bitter divorce. The Fairfield, Conn., significant’s 2000 proxy observation spoke of he’d handiest got $54,019 in giveaways. In 2001, it turned into $171,772 -- particularly for monetary counseling.

beware the wrath of a girl scorned. In a three-web page court docket filing, Welch’s ex-wife precise a multimillion-greenback litany of perks that GE provided to Welch -- both before and after he retired. amongst them: fresh plants and a wait-group of workers for his manhattan metropolis apartment; ground-degree seats for Knicks games; a sky field for red Sox video games; and VIP seating at the French Open. consultants say the ensuing brouhaha is one of the reasons securities regulators revamped company-disclosure suggestions. Welch consequently gave up the bulk of his perks, just conserving an workplace and enterprise-paid secretary, as other former GE CEOs do.

SEE THIS STORY IN SLIDES: 8 OUTRAGEOUS executive PERKS KIPLINGER'S inventory MARKET insanity 2011: join fellow buyers in determining the most fulfilling stocks to own for the next three years.
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