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The salaries of competing firms

by | Dec 1, 2023 | Posted Questions

The salaries of competing firms

You are attending the annual stockholder’s meeting of PIC Company. A fellow stockholder points out that the manager of PIC earned $100,000 last year, while the manager of a rival firm, CUP Enterprises, earned only $50,000. A motion is made to lower the salary of PIC’s manager. Given only this information, what should you do? Be specific in your response.

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