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Which one of the following is least likely to encourage managers to act in the best interest of shareholders? Shareholder election of the board of
Which one of the following is least likely to encourage managers to act in the best interest of shareholders?
Shareholder election of the board of directors, who in turn select managers | ||
Threat of a takeover by another firm | ||
Linking manager compensation to share value | ||
Compensating managers with fixed salaries | ||
Compensating managers with stock options |
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