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You are invested in GreenFrame, Inc. The CEO owns 4% of GreenFrame and is considering an acquisition. If the acquisition destroys $56 million of GreenFrame's
You are invested in GreenFrame, Inc. The CEO owns 4% of GreenFrame and is considering an acquisition. If the acquisition destroys $56 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?
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