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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 866 |
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The CEOs are supposed to adapt the enterprise to the relevant industry and the society. The more ambiguous, ambivalent and uncertain environment the CEO is facing, the better mix of pay package he should be granted as the recompense for his intensive endeavors. Such increase in the pay could also be considered as return of the risk exposure and responsibility the CEO has shouldered...
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Such increase in the pay could also be considered as return of the risk exposure and responsibility the CEO has shouldered. Thirdly, it could not be denied that uncertain events also contribute a lot to the robust growth. Cyert, Kang, and Kumer (2002) refer to the factor as "contingency". The booming macroeconomic environment in late 1980s and 1990s, the stability of demand for the industry and all kinds of opportunities, when optimistic, all help raise the pay...
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