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Chapter One of Executive Compensation Packages and Its Effect on Authoritarian Management Style a Case Study of Fast Consuming Goods Companies (Cadbury, Nestle and Dangote)
Abstract of Executive Compensation Packages and Its Effect on Authoritarian Management Style a Case Study of Fast Consuming Goods Companies (Cadbury, Nestle and Dangote)
The study examines executive compensation packages and authoritarian management style of fast consuming goods companies. Precisely, the study focused on Cadbury, Nestle and Dangote Nigeria Plc. The study employed descriptive survey method. The population of the study comprises of all management staff of Cadbury, Nestle and Dangote Nigeria Plc. The study adopted simple random sampling technique to select the sample for the study. Data for the study were collected through the use of structured questionnaire. The data collected were analyzed through the use of descriptive statistics of mean and standard deviation while the hypothesis was tested using regression techniques. All analysis was carried with the aid of SPSS.
The result from the analysis reveals that executive compensation packages such as long term incentive and retirement plan has positive and significant effects on authoritarian management style of fast consuming goods companies. It was also found out that annual incentives, bonuses and supplemental retirement plan has negative and significant effects on authoritarian management style of management staff of fast consuming goods companies. It was recommended that Fast consuming goods companies should encourages long term incentives plan and retirement plan for their management staff as it increases authoritarian management style for the management staff.
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