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The manager of your companys pension fund is compensated entirely based on fund performance; he earned over $1.2 million last year. As a result, the

The manager of your companys pension fund is compensated entirely based on fund performance; he earned over $1.2 million last year. As a result, the fund is contemplating a proposal to cap the compensation of fund managers at $250,000. Provide an argument against the proposal. You must give an explanation.

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