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Taking into account the article by Bebchuk et al The Wages of Failure, discuss the advantages and disadvantages of incentive pay and the problems of

Taking into account the article by Bebchuk et al "The Wages of Failure", discuss the advantages and disadvantages of incentive pay and the problems of incentive pay in the case of Bear Stearns and Lehman Brothers. Also discuss reforming incentive pay to deal with the problems unearthed at Bear Stearns and Lehman Brothers.

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