The Structure of Wall Street Compensation Was Criticized on the Ground

question 6

Multiple Choice

The structure of Wall Street compensation was criticized on the ground that ________.

• A) the current cash bonus system discouraged risk-taking in the financial system
• B) the compensation for bankers and traders on Wall Street included a nominal annual bonus
• C) the current cash bonus system provided strong incentives for short-term performance but weak incentives for long-term performance
• D) deferred incentive compensation with a higher base salary multiplied "material risk" on the bank

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Definitions:

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