Question
1) The CEO of a mid-sized company announces his intention to retire within the next year and the board announces that they will seek to
1) The CEO of a mid-sized company announces his intention to retire within the next year and the board announces that they will seek to recruit the new CEO from among the senior executives of the firm.
a) What kind of pay for performance plan is this and why?
b) If the board chooses the old CEO's grandson, who was not an executive at the firm, to be the new CEO, what problem does this present and what are the likely consequences of this decision?
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International Economics
Authors: Thomas A. Pugel
15th edition
73523178, 978-0077769529, 007776952X, 978-0073523170
