Galbraight is the CEO and founding partner of JPA, a sizable asset management company with locations all over the world. The company serves a wide range of international institutional clients, including state-owned businesses operated by government officials. Galbraight launches a "Client Internship Program" that enables clients to recommend applicants for internships at JPA in an effort to strengthen client ties. Referrals from this program are taken into consideration for positions outside of the company's standard demanding and competitive hiring procedure. The bigger the JPA client, the more probable it is that a reference from that client will be hired into a rewarding internship position that will advance their career. More than 200 family members and friends of important executives from several of JPA's clients are hired by the company, including family members and friends from numerous government organizations with which JPA has links in investment banking or asset management. Through these investments, JPA earns more than $100 billion in income, and it exploits the relationships it builds with these clients to help other clients and negotiate challenging regulatory environments. Questions: 1. Discuss briefly the main context of the issue in this case
Galbraight is the CEO and founding partner of JPA, a sizable asset management company with locations all over the world. The company serves a wide range of international institutional clients, including state-owned businesses operated by government officials. Galbraight launches a "Client Internship Program" that enables clients to recommend applicants for internships at JPA in an effort to strengthen client ties. Referrals from this program are taken into consideration for positions outside of the company's standard demanding and competitive hiring procedure. The bigger the JPA client, the more probable it is that a reference from that client will be hired into a rewarding internship position that will advance their career. More than 200 family members and friends of important executives from several of JPA's clients are hired by the company, including family members and friends from numerous government organizations with which JPA has links in investment banking or asset management. Through these investments, JPA earns more than $100 billion in income, and it exploits the relationships it builds with these clients to help other clients and negotiate challenging regulatory environments.
Questions: 1. Discuss briefly the main context of the issue in this case
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