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How Exactly Does Common Ownership Harm Competition? A Conversation with Florian Ederer, Jerry S. Cohen Award Winner for Antitrust Scholarship

Ruled by Reason

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The Influence of Common Ownership on CEO Incentives

This chapter explores how common ownership affects CEO compensation, highlighting that greater ownership correlates with decreased managerial incentives. It presents statistical evidence demonstrating a reduction in performance-based pay for CEOs as ownership levels among competing companies rise, particularly in firms recently added to the S&P 500 index.

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