Provide a detailed answer to the below questions.

1.) Many compensation professionals are faced with making choices about which discretionary benefits to drop because funds are limited and the costs of these benefits continually increase. Assume you must make such choices. Rank-order discretionary benefits from the ones you would most likely eliminate to the ones you would least likely eliminate. Explain your rationale.

2.) Discuss your position on executive compensation. Is executive compensation universally ­excessive or appropriate? Should company profits and stock prices impact an executive’s pay? What about the wages of lower-level employees?