XYZ Pharmaceuticals recently announced that the clinical trials for a cancer drug failed to cure the illness. This announcement led to a dramatic decrease in the stock value of the company. The company hired a new CEO two years ago when the clinical trials for this drug had already initiated. Which one of the following is true about the compensation of the CEO of XYZ Pharmaceuticals?
- These entitle an executive to purchase company stock in the future for a predetermined price.
- This type of executive bonus is based on a bonus pool that is determined by a fixed-formula that is not determined by the executive's performance.
- There is no simple answer as to what should be the compensation level of this CEO.
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