Standard & Poor / Year Age Bonus Awards Increment Pension Comp / AMR Corp. / SBC Communications Inc. / Delta Air Lines Inc. / General Electric Co. / Edmans / ExxonMobil Corp. / General Electric Variables / American Airlines / /
Country
United States / United Kingdom / /
Currency
USD / /
Event
Product Recall / Bankruptcy / Product Issues / /
Facility
Temple University / New York University / Ohio State University / /
IndustryTerm
similar devices / corporate finance research / outside equity finance / insurance policies / corporate finance / much rarer device / rarer device / /
MarketIndex
S&P 500 / /
Organization
New York University / Department of Finance / Internal Revenue Service / Helsinki School of Economics / Stockholm School of Economics / Stern School of Business / Temple University / Federal Reserve Bank of New York / Ohio State University / /
Person
John F. Welch Jr. / Mitch Petersen / John F. Welch / Kevin Murphy / DAVID L. YERMACK / Bill Greene / Rudi Fahlenbrach / Sami Torstila / Hamid Mehran / Jack Welch / Kevin Hallock / James Vickery / Edward E. Whitacre Jr. / Rob Stambaugh / Seshadri Ayalur / Ira Kay / Lee R. Raymond / Hae Jin Chung / /
Position
Editor / manager / manager holding debt / executive / and the executive / model of John / CEO / or the underlying pension formula / CEO / owner-manager / executive / manager hold debt and equity / famous CEO in American business / /
THE JOURNAL OF FINANCE • VOL. LXII, NO. 4 • AUGUST[removed]Pay Me Later: Inside Debt and Its Role in Managerial Compensation RANGARAJAN K. SUNDARAM and DAVID L. YERMACK∗ ABSTRACT