The Cobra Effect refers to the unintended negative consequences of an incentive that was designed to improve society or individual well-being. The term derives from an attempt to eradicate snakes in India, wherein people bred cobras to collect rewards for their capture.
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Dear control-freak seth, welcome to the stock exchange
By introducing the dual-class shareholding structures, the Pakistan Stock Exchange – and the SECP – are hoping to attract the listing of companies whose owners want to retain tight control but do not mind sharing profits
