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pay for non-performance

“Where are the Shareholders’ Yachts?”

Risk Without Return, Pay for Non-Performance  An out-of-town visitor was being shown the wonders of the New York financial district. When the party arrived at the Battery, one of his guides indicated some handsome ships riding at anchor. He said, “Look, those are the bankers’ and brokers’ yachts.”  “Where are the customers’ yachts?” asked the...
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