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Gillan (2001) argues that the pay for performance relationship should be reexamined in modern terms. Please explain his view of 1) how incentive pay is

Gillan (2001) argues that the pay for performance relationship should be reexamined in modern terms. Please explain his view of 1) how incentive pay is actually used, 2) the problems with incentive pay, 3) the role of the corporation's board of directors, and 4) any problems that might exist with option-based compensation

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