Link: http://www.bloomberg.com/news/articles/2016-03-08/ibm-snips-potential-share-buyback-benefits-for-ceo-compensation

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The IBM example:

Bloomberg BusinessWeek:
http://www.bloomberg.com/news/articles/2016-03-08/ibm-snips-potential-share-buyback-benefits-for-ceo-compensation

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Erik Gordon
Ross School of Business
University of Michigan
Ann Arbor, Michigan