Round 12: Tossup 17

This quantity’s “unfulfilled promise” is the subject of a book by Jesse Fried and Lucian Bebchuk, who earlier described how this quantity poses an “agency problem.” If a “principal” is absent, this quantity acts as a “reward for luck,” according to Sendhil Mullainathan and Marianne Bertrand. Richard Tornetta filed a successful suit challenging an unprecedented award of this quantity. After the Dodd–Frank Act, the SEC required companies to hold a nonbinding shareholder vote known as a “say” on this quantity. In November 2025, shareholders of an automotive company approved the largest ever (-5[1])version of this (10[1])quantity, (10[3])which (10[1])could reach 1 trillion dollars if all goals are met. For 10 points, both options and salary often comprise what quantity for a corporation’s high-ranking management leaders? ■END■

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Summary