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But the Commission avoids the fundamental substantive questions: What are the purposes of the corporation ? What are the operational objectives which express those purposes? How should executives be compensated based on success or failure in attaining the operational goals?
Management concepts, by contrast, operate in poorly regulated environments where failures are often brushed under boardroom or faculty carpets. But the TBL wasn’t designed to be just an accounting tool. Fundamentally, we have a hard-wired cultural problem in business, finance and markets.
What makes this case of corporateaccountability so important is that it is a discretionary matter of "private ordering" under JP Morgan risk management policies, not under a mandatory rule contained in Dodd-Frank. Claw-backs or hold-backs of past awards could be appropriate for the departed employees.
Software developers can work in many different fields, including finance, education, information technology, health care, construction, and more. Finance & Accounting Manager. Students often start their careers by taking internships at large corporations before moving into full-time employment. Graphic Designer.
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