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: reducing the opportunity for managers to transfer value to equityholders from creditors via strategic default, and reducing the …
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: reducing the opportunity for managers to transfer value to equityholders from creditors via strategic default, and reducing the …
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: reducing the opportunity for managers to transfer value to equityholders from creditors via strategic default, and reducing the …
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We examine chief executive officer (CEO) career and compensation changes for large firms filing for Chapter 11. One-third of the incumbent CEOs maintain executive employment, and these CEOs experience a median compensation change of zero. However, incumbent CEOs leaving the executive labor...
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