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Policymakers often rely on non-pecuniary, information-based programs to achieve social objectives.
A lawsuit against PaineWebber filed by Enron investors, including some clients of Mr. Wu, argues that PaineWebber "directly lied to its clients for its own pecuniary gain by failing to reveal adverse information which it knew about Enron".
While other types of benefits have been identified in the literature as used by employers for addressing worker productivity and retention, these were the six main non-pecuniary benefits covered in the questionnaire and for which comparable information was available.
According to the decision, agencies such as SEC would have to prove "a meaningfully close personal relationship that generates an exchange that is objective, consequential and represents at least a potential gain of a pecuniary or similarly valuable nature" between the source and the recipient of the insider information.
Combing through these data, however, creates the impression that the pecuniary trumps the humane.
The appeals court held that the government must show that the tipper dispensed the information as part of "an exchange that is objective, consequential, and represents at least a potential gain of a pecuniary or similarly valuable nature".
Gain a pecuniary advantage.
Gain a pecuniary advantage.
All pecuniary aid will be thankfully received.
Others may be lured by pecuniary rewards.
But the English legal system has other pecuniary advantages.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com