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Explain Why the Top Executives of Société Générale Are More

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Essay

Explain why the top executives of Société Générale are more likely to be blamed than Jérôme Kerviel.


Definitions:

Payment Of Principal

The act of paying back the original amount borrowed in a loan, separate from interest payments.

Lower In Priority

A status indicating lesser importance or urgency in comparison to other items or tasks.

Convertible Bond

A bond that can be converted into a specified number of shares of stock at the owner’s discretion.

Conversion Price

The predetermined price at which convertible securities can be converted into common stock.

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