A ceos pay rose 25 over the 2001-2002 period even though, Business Economics

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A ceos pay rose 25 over the 2001-2002 period even though

A CEO's pay rose 25% over the 2001-2002 period even though his firm's ROA fell 12% and the stock return fell 10% over the same period. Discuss why this may NOT represent an obvious example of CEO overpayment (try to provide at least two strong reasons)".

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