Compensation Plans

Provide a summary of the article in your OWN WORDS ( see attached file name Healy 1985 ) 1) main ideas of the article. 2) no more than 500 words I have attached a powerpoint slides for your references.

A) Rumuneraton scheme must include 3 component: 1) Basic salary 2) Short term bonus scheme 3) Long term bonus scheme

B) Must justify each component

C) Include discussion of agency theory and the need in design plan to prevent manipulation