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People at the very top of the Obama administration deferred excessively to the very largest Wall Street banks.
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Our analysis demonstrates that index funds managers have strong incentives to (i) under-invest in stewardship and (ii) defer excessively to the preferences and positions of corporate managers.
We begin by examining several approaches to address the incentives of index fund managers to under-invest in stewardship and defer excessively to corporate managers.
Our agency-costs analysis shows that index funds have strong incentives to (i) under-invest in stewardship, and (ii) defer excessively to the preferences and positions of corporate managers.
Although it is true that ICU mortality may differ from hospital or 3-month outcome, we feel that deferring excessively the time of the study of the outcome may complicate the analysis, because more variables that are difficult to record and interpret have to be introduced in the analysis as confounding variables.
(Mr. Carney was not in charge of the stability board during its long period of inaction and cognitive capture in the period preceding the 2007-8 crisis, when it consistently and excessively deferred to the "wisdom" of large global banks.
"They were deferred.
Necessary maintenance was deferred.
He deferred to Idzik.
More like deferred frustration.
Not deferred.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com