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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
Source  Download Study Guide
Business and Its Environment
Edition: 7th
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