“Employees were too often rewarded for increasing the short-term profit without adequate recognition of the risks and long-term consequences that their activities posed to the organizations. These perverse incentives amplified the excessive risk-taking that severely threatened the global financial system (contributing to 2008 financial crisis),” the RBI circular said.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2BT9mHE
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