Yes
The key roles of our financial system performs
What is Managing risk and allocating Capital?
Responsible for handing out substantial year end bonuses after receiving federal bailout fund
What is Merrill Lynch?
When being asked about his outstanding salary income compared to others, this person commented saying "Why not, I had a better year than he did"
Who is Babe Ruth?
80-85% of us will work in ____ America
What is corporate?
Responsible for running the payment mechanism
What is Sector or Financial Sector?
What is the combination of Cash, restricted stock, and stock options?
This has consistently failed to fulfill their basic societal mission
What are Banks?
This is one Dr. Bob favorite musicians
Who is Frank Sinatra?
Are means to an end, not and end in themselves
What are financial markets?
The year large investment banks accelerated bonuses to be paid within the same year
What is 1992?
Within the financial system what is distorted at both the individual and institutional level
What are incentives?
This is where Dr. Bob is from
This produces growth and efficiency, but only when private rewards and social returns are aligned
What is market economies?
This tax code was introduced during the hostile takeover bid for Bendix in 1982
What is tax code 280(G)?
Congressed passed this in 2008 as part of the Emergency Economic Stabilization
What is TARP (Troubled Asset Relief Program)?
This is what Dr.Bob brought to class the first day of class
what is FUN?
Pay related to relative performance
What is the performance-incentive system?
This has increased the executive compensation (Tax Code)
What is tax code 162 (m)?
President Clinton promised to disallow deductions for compensation above this amount?
What is $1 million?
This freeway has a red shoe on it
What is the 405?