Appeared on January 16, 2012
Research co-authored by Eliezer Fich, Ph.D., and Ralph Walkling, Ph.D., was cited in an Economist article titled “Rip-Cord Economics: Pay-Offs for the Boss Need to Be Better Designed.” Their research found that when golden parachutes are larger, proposed mergers are more likely to be completed, but buyers pay less for the shares of the target firm.