Skip navigation
Full metadata record
DC FieldValueLanguage
dc.contributor.authorHartzell, Jay-
dc.contributor.authorOfek, Eli-
dc.contributor.authorYermack, David-
dc.description.abstractWe study benefits received by target company CEOs in completed mergers and acquisitions. These executives obtain wealth increases with a median of $4 to $5 million and a mean of $8 to $11 million, roughly in line with the permanent income streams that they sacrifice. CEOs receive lower financial gains from those transactions in which they become executives of the buyer, suggesting that tradeoffs exist between the financial and career-related benefits they extract. Regression estimates suggest that target shareholders receive lower acquisition premia in transactions that involve extraordinary personal treatment of the CEO.en
dc.titleWhat’s In It For Me? Personal Benefits Obtained by CEOs Whose Firms Are Acquireden
dc.typeWorking Paperen
Appears in Collections:Finance Working Papers

Files in This Item:
File Description SizeFormat 
FIN-00-013.pdf160.53 kBAdobe PDFView/Open

Items in FDA are protected by copyright, with all rights reserved, unless otherwise indicated.