All of the following were mentioned in the text as means by which the

All of the following were mentioned in the text as means by which the manager of a firm may decrease the his or her personal exposure to the firm’s risk (on a self-serving basis) EXCEPT:

a. excessive corporate diversification
b. bias toward investments with near-term payoffs
c. securing his or her lifetime compensation with a property-casualty insurance policy purchased by the firm.
d. underemployment of debt
e. management entrenchment
f. packing the board

ANSWER

C