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You are invested in GreenFrame, Inc. The CEO owns 2% of GreenFrame and is considering an acquisition. If the acquisition destroys $58 million of GreenFrame's

You are invested in GreenFrame, Inc. The CEO owns 2% of GreenFrame and is considering an acquisition. If the acquisition destroys $58 million of GreenFrame's value, but the present value of the CEO's compensation increases by $7 million, will he be better or worse off?

The CEO will be

a. indifferent b. worse off c. better off (Chose one)

because his wealth has changed by how much million?

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