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Full-Text Articles in Law
Efficiency Engines: How Managed Services Are Building Systems For Corporate Legal Work, William D. Henderson
Efficiency Engines: How Managed Services Are Building Systems For Corporate Legal Work, William D. Henderson
Articles by Maurer Faculty
No abstract provided.
Ceo Side Payments In Mergers And Acquisitions, Brian J. Broughman
Ceo Side Payments In Mergers And Acquisitions, Brian J. Broughman
Articles by Maurer Faculty
In addition to golden parachutes, CEOs often negotiate for personal side-payments in connection with the sale of their firm. Side-payments differ from golden parachutes in that they are negotiated ex post in connection with a specific acquisition proposal, whereas golden parachutes are part of the executive’s employment agreement negotiated when she is hired. While side-payments may benefit shareholders by countering managerial resistance to an efficient sale, they can also be used to redistribute merger proceeds to management. The current article highlights an overlooked distinction between pre-merger golden parachutes and merger side-payments. Similar to a legislative rider attached to a popular …