Question 2 "To maximize shareholder value, executives ought to be paid marginally more than employees...
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Question 2 "To maximize shareholder value, executives ought to be paid marginally more than employees to keep costs under control (Marsh, 1957)". Required Describe how the structure of executive compensation contracts should be constructed to mitigate conflicts between principals and agents. In your discussion, explain how information asymmetries can lead to moral hazard and hidden actions
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