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Many companies use split-offs as a means to unlock shareholder value. The split-off effectively splits the company into two pieces, each of which can then

Many companies use split-offs as a means to unlock shareholder value. The split-off effectively splits the company into two pieces, each of which can then be valued separately by the stock market. If managers are compensated based on reported prot, how might they strategically structure the split-off? What corporate governance issues does this present?

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