Home > Entrepreneur Daily > October 15, 2007

Entrepreneur Daily

CEOs Admit They're Overpaid

(Business News, HR and Management)

Most employees think it, but rarely do you hear CEOs state it. According to this USA Today blog post, U.S. business leaders say they're overpaid. The National Association of Corporate Directors polled about 70 CEOs and company presidents this summer and found that almost 66 percent believe their pay isn't relative to their performance. About one-third said they felt their compensation is "just right," while 2.2 percent reported being underpaid. Not surprisingly, more than 80 percent of outside directors agreed that CEOs are definitely overpaid.

Win $50,000 to Start Your Biz

(Events and Resources, HR and Management)

Are you one of the 72 percent of Americans yearning to start your own business? Then submit a letter or video to Intuit's "Just Start" campaign and you could be on your way to entrepreneurial success. In your entry, describe your dream business, what you need to do to make it become reality and how you would use the $50,000 business grant of cash and professional services to get started. Entries must be submitted by December 15.

And another gift from Intuit to get your new venture off the ground: The company is now offering its popular accounting software, QuickBooks Simple Start, for free download at www.simplestart.com.

Men Need Products, Too

(Business Trends, Marketing)

Could the future "Avon ladies" actually be "Avon men"? According to this article, Avon Products Inc. is trying to broaden its appeal. That means moving away from a traditionally female workforce and reaching out to male salespeople to increase sales to men. Since it has focused on this growing market, the company has seen substantial growth from $6.2 billion in 2002 to $8.7 billion in 2006. Industry experts say the men's market is coming into its own. "We have seen that men are more interested in pampering themselves and taking better care of themselves overall," said Karen Grant, senior beauty industry analyst at NPD Group Inc. Overall, U.S. sales of men's skin care products totaled $68.9 million in 2006, according to NPD. Of course, women still come out on top in this category, spending a total of $2.1 billion on products in 2006.