The investors objected, arguing that CommonWealth's executives have an incentive to raise money because of a perverse structure that pays them based on their assets under management.
"Given this perverse structure, it is little wonder that councils do not think it is worth their while to pursue fraudsters and effectively allow them to make off scot-free with other people's money," he told the BBC News website.
To understand the perverse structures, let's compare the compensation of two hypothetical CEOs, Bill and Sally, appointed on Jan . 1 2007 and retired five years later on Dec. 31, 2011.
What if the law and order of the cosmos was no longer seen as the creative expression of limits and the delineation of roles, but rather as an evil, perverse, confining structure from which man and the cosmos must escape?
The agency thus threatens to create a perverse incentive structure that unravels compliance efforts in an important area where its FCPA enforcement program correctly recognizes considerable risks.
The ethical bankruptcy of the CEOs, executives, and traders in these mega-banks, when combined with the lack of any real oversight, the perverse incentive structure, and political clout, all means we've taken a Great Leap Backward toward Mercantilism.
Currently, the perverse incentive structure of the sport makes flopping and diving far too rewarding to the elusive pursuit of scoring and therefore diving runs rampant, becoming a distracting side-show to an otherwise beautiful game.
That is not to deny that perverse pay structures contributed to the crisis.
Rather, Desmond identifies perverse market structures, destructive government policies and the cascade of misfortunes that comes with losing your home.
Portland's surtax goes after one of the greatest sources of inequality: corporate America's perverse rewards structures, which let chief executives pocket more and more of the rewards of growth while workers get stiffed.
Evidence is not hard to come by — most recently, the Wells Fargo scandal, in which employees of the company, spurred by perverse incentive structures, opened two million fraudulent accounts in their customers' names.
