Managerial Compensation is a highly controversial topic in our society today. Some believe that CEO compensation is warranted while others believe that there should be a cap on the level of compensation managers can earn. Weigh in on the debate of "The Agency Problem and Control of the Corporation." Consider important factors such as agency problems and the concept of maximizing shareholder value. Also discuss this topic in reference to professional athletes? Is it the same view for them or is it different? Please reference sources.

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The debate surrounding managerial compensation often centers on the agency problem where managers ma... View the full answer