a. Explain why corporate governance fails.
b. List some of the "indulgences" other than golden parachutes and poison pills (which are given to managers by the BOD) some managers have given to themselves.
c. What do you think should be a reasonable spread (either a dollar or percentage spread) between the earnings of a firm's CEO and its lowest paid hourly workers and why? Provide your detailed explanation on this volatile issue. I expect for you to suggest a reasonable spread, using either a dollar amount or percentage amount, and to not simply tell me that it isn't possible to do so!
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