that even though GPs facilitate some value-increasing acquisitions, they do have, on average, an overall negative effect on … managerial slack, and/or to GPs making it attractive for executives to go along with some value-decreasing acquisitions that do …

We examine the impact of acquisitions on executive pay in UK acquirers over 1984-2001. For the overall sample, which … affected by target nationality or organizational form, although initial cross-border acquisitions do result in higher pay. Pay … increases are higher following acquisitions of targets with high pay, but not of targets in high pay countries. CEOs are …