Which of the following statements about the components of executive compensation is true?
A) NYSE listing standards require that the compensation committee be composed of independent directors as well as the CEO.
B) A compensation committee of expert consultants sets the pay of top corporate officers.
C) The annual base salary is usually set near the median salary for leaders at comparable firms.
D) Base salaries are often around $2 million,the amount that the IRS allows as tax deductible.
Correct Answer:
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