1 ) Executive compensation or executive pay is composed of the financial compensation and other non - financial awards received by an executive from their firm for their service to the organization. It is typically a mixture of salary, bonuses, shares of or call options on the company stock, benefits, and perquisites, ideally configured to take into account government regulations, tax law, the desires of the organization and the executive, and rewards for performance
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2 ) the money that an executive of an organization gets as wages or salary. the factors determining the level of executive pay
