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Todd Suomela's Library tagged piracy   View Popular, Search in Google

Mar
26
2009

The change of control clauses in executive contracts are part and parcel of the “bribe the pirate” pattern seen in publicly traded companies. Given the desire of shareholders to have executives to take large amounts of risk, since that shareholders can diversify away most of that, you do two things: let them share the upside, remove the down side.

business ethics moral-hazard morality piracy corporation principal-agent incentives

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