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invested in GreenFrame, Inc. The CEO owns 3% of GreenFrame and is considering an acquisition. If the acquisition destroys $51 million of GreenFrame's value, but

invested in GreenFrame, Inc. The CEO owns

3% of GreenFrame and is considering an acquisition. If the acquisition destroys

$51 million of GreenFrame's value, but the present value of the CEO's compensation increases by

$6 million, will he be better or worse off? Note: Ignore taxes.

The CEO with be better off because his wealth has changed by $_______ million. (Round to two decimal places.)

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