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.)
P.S. This critical thinking assignment is an application of knowledge gained (fundamental economic concepts and terms and how they are used by individuals, business and governments) to date as covered in chapters 1 through 7 in your textbook. This assignment challenges each student to logically (using the critical thinking…forming your own opinions and what you have learned to date in this course) address the pros and cons (based upon the student’s understanding) of the three options presented. You may also search the Internet to read about (and reference) what other’s think about the three options. The substance of this assignment has been (and continues to be) a hot button/topic of concern for many in the United States. Remember to provide works cited if you use the words and ideas of others.
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