What was Jett's penalty for his actions at Kidder Peabody?
a. He was sentenced to federal prison for 5 years
b. He was banished from the securities business for life
c. He was required to repay Kidder all the money he lost
d. Both a and c
.B
You might also like to view...
How much is the gross profit for the year? A) $212,500
Belstone, Inc. is a merchandiser of stone ornaments. It sold 15,000 units during the year. The
company has provided the following information:
Jim is planning on buying an expensive HDTV and he realizes that there are few differences between brands. Jim is displaying complex buying behavior
Indicate whether the statement is true or false
Unsought products are
A. products that were once very popular but that have become obsolete because they are in the decline stage of their product life cycle. B. products that people choose to ignore because they find them offensive from a moral or ethical perspective. C. any products associated with impulse buys at the supermarket checkout counter. D. products that the consumer does not know about or knows about but does not initially want. E. items within a company's product line that do not perform as well as others in the line.
Paying Payroll Service (PPS) recently declared bankruptcy. The price of PPS's stock has dropped from approximately $10 per share one year ago to $1 today. You can imagine that stockholders are not happy that the value of their stock has dropped so significantly. At the same time the financial position of the firm was deteriorating, PPS executives increased their salaries and perquisites substantially. Nothing they did violated any laws or was considered an unethical act. We would most likely describe this situation as _____.
A. an agency problem B. an accounting glitch C. an appropriate use of the tax laws D. an appropriate action, because executive compensation should always be increased substantially each year E. acceptable, because it is obvious that the executives were trying to maximize the value of the firm, which is what the shareholders want them to do