Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello

تمرين 61

Tootsie Roll' s Incentive Compensation Program
To understand Tootsie Roll Industries 's incentive compensation design, access Tootsie Roll Industries 's SEC filings at:
http://sec.gov/edgar/searchadgar/companysearch.html
Type Tootsie Roll (or its ticker symbol TR) in the company name search space. When the list of SEC filings comes into view, select the most recent form DEF 14A.
Instructions
a. Perform a word search to locate the "Summary Compensation Table" and identify the company positions that are eligible for management incentive compensation. What is the ratio of the bonus to the actual salary for each management position in the most current year reported?
b. Perform a word search to locate the "objectives" of the compensation program and briefly discuss them. What are the overall objectives of the program?
c. What type of compensation does the program cover?
Internet sites are time and date sensitive. It is the purpose of these exercises to have you explore the Internet. You may need to use the Yahoo! search engine www.yahoo.com (or another favorite search engine) to find a company's current web address.