20.8. One of the stated benefits of a management buyout is the improvement in management incentives. In
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20.8. One of the stated benefits of a management buyout is the improvement in management incentives. In many cases, however, the top managers do not change after the buyout. Explain why.
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Related Book For 
Financial Markets And Corporate Strategy
ISBN: 9780071157612
2nd Edition
Authors: Mark Grinblatt, Sheridan Titman
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