The critics have it wrong. There are serious problems with CEO compensation, but "excessire" pay is not the biggest issue. The relentless focus on how much CEOs are paid diverts pablic attention from the real problem-how CEOs are paid. In most publicly held companies, ffe compensation of top executives is virtually independent of performance. On average, corporate America pays its most important leaders like bureaucrats. Is it any wonder then that so many CEOs act like bureaucrats rather than the value-maximizing entrepreneurs companies need to enhance their standing in world markets? Taking cues from the paragraph, explain four different long term stock plans used to compensate CEOs. (10 Marks, CO1)