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Chief Executive Officer (CEO) Pay: There are several possible methods for determining the pay of CEOs in large corporations. Using the three methods listed below; list the advantages and disadvantages of each method. Then choose one method as the best and explain why it is the preferred method: (1) Market determination of pay through supply and demand (2) Maximum cap on CEO pay set by national legislation and (3) Pay set by board of directors based on survey of comparable corporations. Your response must be at least three paragraphs in length and with no less than 200 words. (This assignment deals with wages and labor market conditions along with supply and demand.)
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