id	sid	tid	token	lemma	pos
cblr-1717	1	1	5_2017.1_ades	5_2017.1_ades	NUM
cblr-1717	1	2	-	-	ADJ
cblr-1717	1	3	laurent_final	laurent_final	ADJ
cblr-1717	1	4	ades	ade	NOUN
cblr-1717	1	5	-	-	PUNCT
cblr-1717	1	6	laurent	laurent	NOUN
cblr-1717	1	7	–	–	PUNCT
cblr-1717	1	8	final	final	ADJ
cblr-1717	1	9	disappearing	disappear	VERB
cblr-1717	1	10	stock	stock	NOUN
cblr-1717	1	11	options	option	NOUN
cblr-1717	1	12	:	:	PUNCT
cblr-1717	1	13	the	the	DET
cblr-1717	1	14	evolution	evolution	NOUN
cblr-1717	1	15	of	of	ADP
cblr-1717	1	16	equity	equity	NOUN
cblr-1717	1	17	pay	pay	NOUN
cblr-1717	1	18	gala	gala	NOUN
cblr-1717	1	19	ades	ade	NOUN
cblr-1717	1	20	-	-	PUNCT
cblr-1717	1	21	laurent∗	laurent∗	PROPN
cblr-1717	1	22	executive	executive	PROPN
cblr-1717	1	23	compensation	compensation	NOUN
cblr-1717	1	24	has	have	AUX
cblr-1717	1	25	skyrocketed	skyrocket	VERB
cblr-1717	1	26	over	over	ADP
cblr-1717	1	27	the	the	DET
cblr-1717	1	28	last	last	ADJ
cblr-1717	1	29	thirty	thirty	NUM
cblr-1717	1	30	years	year	NOUN
cblr-1717	1	31	,	,	PUNCT
cblr-1717	1	32	largely	largely	ADV
cblr-1717	1	33	due	due	ADJ
cblr-1717	1	34	to	to	ADP
cblr-1717	1	35	an	an	DET
cblr-1717	1	36	increased	increase	VERB
cblr-1717	1	37	use	use	NOUN
cblr-1717	1	38	of	of	ADP
cblr-1717	1	39	equity	equity	NOUN
cblr-1717	1	40	pay	pay	NOUN
cblr-1717	1	41	.	.	PUNCT
cblr-1717	2	1	corporations	corporation	NOUN
cblr-1717	2	2	were	be	AUX
cblr-1717	2	3	able	able	ADJ
cblr-1717	2	4	to	to	PART
cblr-1717	2	5	generously	generously	ADV
cblr-1717	2	6	compensate	compensate	VERB
cblr-1717	2	7	their	their	PRON
cblr-1717	2	8	top	top	ADJ
cblr-1717	2	9	executives	executive	NOUN
cblr-1717	2	10	,	,	PUNCT
cblr-1717	2	11	and	and	CCONJ
cblr-1717	2	12	,	,	PUNCT
cblr-1717	2	13	at	at	ADP
cblr-1717	2	14	least	least	ADJ
cblr-1717	2	15	in	in	ADP
cblr-1717	2	16	the	the	DET
cblr-1717	2	17	short	short	ADJ
cblr-1717	2	18	term	term	NOUN
cblr-1717	2	19	,	,	PUNCT
cblr-1717	2	20	link	link	VERB
cblr-1717	2	21	executive	executive	ADJ
cblr-1717	2	22	pay	pay	NOUN
cblr-1717	2	23	to	to	ADP
cblr-1717	2	24	firm	firm	ADJ
cblr-1717	2	25	performance	performance	NOUN
cblr-1717	2	26	.	.	PUNCT
cblr-1717	3	1	thanks	thank	NOUN
cblr-1717	3	2	to	to	ADP
cblr-1717	3	3	modifications	modification	NOUN
cblr-1717	3	4	to	to	ADP
cblr-1717	3	5	the	the	DET
cblr-1717	3	6	tax	tax	NOUN
cblr-1717	3	7	code	code	NOUN
cblr-1717	3	8	and	and	CCONJ
cblr-1717	3	9	accounting	accounting	NOUN
cblr-1717	3	10	rules	rule	NOUN
cblr-1717	3	11	in	in	ADP
cblr-1717	3	12	1993	1993	NUM
cblr-1717	3	13	,	,	PUNCT
cblr-1717	3	14	public	public	ADJ
cblr-1717	3	15	companies	company	NOUN
cblr-1717	3	16	favored	favor	VERB
cblr-1717	3	17	the	the	DET
cblr-1717	3	18	grant	grant	NOUN
cblr-1717	3	19	of	of	ADP
cblr-1717	3	20	options	option	NOUN
cblr-1717	3	21	over	over	ADP
cblr-1717	3	22	stock	stock	NOUN
cblr-1717	3	23	.	.	PUNCT
cblr-1717	4	1	yet	yet	CCONJ
cblr-1717	4	2	this	this	DET
cblr-1717	4	3	produced	produce	VERB
cblr-1717	4	4	perverse	perverse	ADJ
cblr-1717	4	5	incentives	incentive	NOUN
cblr-1717	4	6	,	,	PUNCT
cblr-1717	4	7	including	include	VERB
cblr-1717	4	8	excessive	excessive	ADJ
cblr-1717	4	9	risk	risk	NOUN
cblr-1717	4	10	-	-	PUNCT
cblr-1717	4	11	taking	taking	NOUN
cblr-1717	4	12	and	and	CCONJ
cblr-1717	4	13	a	a	DET
cblr-1717	4	14	heightened	heightened	ADJ
cblr-1717	4	15	focus	focus	NOUN
cblr-1717	4	16	on	on	ADP
cblr-1717	4	17	short	short	ADJ
cblr-1717	4	18	-	-	PUNCT
cblr-1717	4	19	term	term	NOUN
cblr-1717	4	20	stock	stock	NOUN
cblr-1717	4	21	performance	performance	NOUN
cblr-1717	4	22	,	,	PUNCT
cblr-1717	4	23	which	which	PRON
cblr-1717	4	24	many	many	ADJ
cblr-1717	4	25	commentators	commentator	NOUN
cblr-1717	4	26	and	and	CCONJ
cblr-1717	4	27	policy	policy	NOUN
cblr-1717	4	28	-	-	PUNCT
cblr-1717	4	29	makers	maker	NOUN
cblr-1717	4	30	believed	believe	VERB
cblr-1717	4	31	culminated	culminate	VERB
cblr-1717	4	32	in	in	ADP
cblr-1717	4	33	the	the	DET
cblr-1717	4	34	2008	2008	NUM
cblr-1717	4	35	financial	financial	ADJ
cblr-1717	4	36	crisis	crisis	NOUN
cblr-1717	4	37	.	.	PUNCT
cblr-1717	5	1	in	in	ADP
cblr-1717	5	2	response	response	NOUN
cblr-1717	5	3	,	,	PUNCT
cblr-1717	5	4	public	public	ADJ
cblr-1717	5	5	resentment	resentment	NOUN
cblr-1717	5	6	swelled	swell	VERB
cblr-1717	5	7	,	,	PUNCT
cblr-1717	5	8	spurring	spur	VERB
cblr-1717	5	9	academic	academic	ADJ
cblr-1717	5	10	debates	debate	NOUN
cblr-1717	5	11	,	,	PUNCT
cblr-1717	5	12	congressional	congressional	ADJ
cblr-1717	5	13	hearings	hearing	NOUN
cblr-1717	5	14	,	,	PUNCT
cblr-1717	5	15	and	and	CCONJ
cblr-1717	5	16	statutory	statutory	ADJ
cblr-1717	5	17	changes	change	NOUN
cblr-1717	5	18	.	.	PUNCT
cblr-1717	6	1	this	this	DET
cblr-1717	6	2	trend	trend	NOUN
cblr-1717	6	3	shifted	shift	VERB
cblr-1717	6	4	in	in	ADP
cblr-1717	6	5	the	the	DET
cblr-1717	6	6	past	past	ADJ
cblr-1717	6	7	decade	decade	NOUN
cblr-1717	6	8	as	as	SCONJ
cblr-1717	6	9	companies	company	NOUN
cblr-1717	6	10	now	now	ADV
cblr-1717	6	11	impel	impel	VERB
cblr-1717	6	12	conservative	conservative	ADJ
cblr-1717	6	13	behavior	behavior	NOUN
cblr-1717	6	14	through	through	ADP
cblr-1717	6	15	executive	executive	ADJ
cblr-1717	6	16	compensation	compensation	NOUN
cblr-1717	6	17	.	.	PUNCT
cblr-1717	7	1	this	this	DET
cblr-1717	7	2	note	note	NOUN
cblr-1717	7	3	presents	present	VERB
cblr-1717	7	4	the	the	DET
cblr-1717	7	5	first	first	ADJ
cblr-1717	7	6	comprehensive	comprehensive	ADJ
cblr-1717	7	7	study	study	NOUN
cblr-1717	7	8	of	of	ADP
cblr-1717	7	9	the	the	DET
cblr-1717	7	10	change	change	NOUN
cblr-1717	7	11	in	in	ADP
cblr-1717	7	12	the	the	DET
cblr-1717	7	13	equity	equity	NOUN
cblr-1717	7	14	composition	composition	NOUN
cblr-1717	7	15	of	of	ADP
cblr-1717	7	16	executive	executive	ADJ
cblr-1717	7	17	compensation	compensation	NOUN
cblr-1717	7	18	after	after	ADP
cblr-1717	7	19	the	the	DET
cblr-1717	7	20	financial	financial	ADJ
cblr-1717	7	21	crisis	crisis	NOUN
cblr-1717	7	22	.	.	PUNCT
cblr-1717	8	1	for	for	ADP
cblr-1717	8	2	the	the	DET
cblr-1717	8	3	first	first	ADJ
cblr-1717	8	4	time	time	NOUN
cblr-1717	8	5	,	,	PUNCT
cblr-1717	8	6	stock	stock	NOUN
cblr-1717	8	7	grants	grant	NOUN
cblr-1717	8	8	overtook	overtake	VERB
cblr-1717	8	9	options	option	NOUN
cblr-1717	8	10	as	as	ADP
cblr-1717	8	11	the	the	DET
cblr-1717	8	12	dominant	dominant	ADJ
cblr-1717	8	13	form	form	NOUN
cblr-1717	8	14	of	of	ADP
cblr-1717	8	15	equity	equity	NOUN
cblr-1717	8	16	pay	pay	NOUN
cblr-1717	8	17	.	.	PUNCT
cblr-1717	9	1	the	the	DET
cblr-1717	9	2	evidence	evidence	NOUN
cblr-1717	9	3	shows	show	VERB
cblr-1717	9	4	that	that	SCONJ
cblr-1717	9	5	the	the	DET
cblr-1717	9	6	movement	movement	NOUN
cblr-1717	9	7	away	away	ADV
cblr-1717	9	8	from	from	ADP
cblr-1717	9	9	stock	stock	NOUN
cblr-1717	9	10	options	option	NOUN
cblr-1717	9	11	is	be	AUX
cblr-1717	9	12	largely	largely	ADV
cblr-1717	9	13	a	a	DET
cblr-1717	9	14	response	response	NOUN
cblr-1717	9	15	to	to	ADP
cblr-1717	9	16	the	the	DET
cblr-1717	9	17	panoply	panoply	NOUN
cblr-1717	9	18	of	of	ADP
cblr-1717	9	19	federal	federal	ADJ
cblr-1717	9	20	efforts	effort	NOUN
cblr-1717	9	21	to	to	PART
cblr-1717	9	22	control	control	VERB
cblr-1717	9	23	‘	'	PUNCT
cblr-1717	9	24	excessive	excessive	ADJ
cblr-1717	9	25	’	'	PUNCT
cblr-1717	9	26	executive	executive	ADJ
cblr-1717	9	27	compensation	compensation	NOUN
cblr-1717	9	28	and	and	CCONJ
cblr-1717	9	29	mitigate	mitigate	VERB
cblr-1717	9	30	risk	risk	NOUN
cblr-1717	9	31	.	.	PUNCT
cblr-1717	10	1	this	this	DET
cblr-1717	10	2	finding	finding	NOUN
cblr-1717	10	3	has	have	VERB
cblr-1717	10	4	important	important	ADJ
cblr-1717	10	5	implications	implication	NOUN
cblr-1717	10	6	for	for	ADP
cblr-1717	10	7	regulators	regulator	NOUN
cblr-1717	10	8	and	and	CCONJ
cblr-1717	10	9	shareholders	shareholder	NOUN
cblr-1717	10	10	alike	alike	ADV
cblr-1717	10	11	who	who	PRON
cblr-1717	10	12	wish	wish	VERB
cblr-1717	10	13	to	to	PART
cblr-1717	10	14	offset	offset	VERB
cblr-1717	10	15	managerial	managerial	ADJ
cblr-1717	10	16	influence	influence	NOUN
cblr-1717	10	17	over	over	ADP
cblr-1717	10	18	executive	executive	ADJ
cblr-1717	10	19	pay	pay	NOUN
cblr-1717	10	20	at	at	ADP
cblr-1717	10	21	public	public	ADJ
cblr-1717	10	22	companies	company	NOUN
cblr-1717	10	23	.	.	PUNCT
cblr-1717	11	1	∗	∗	PROPN
cblr-1717	11	2	j.d	j.d	PROPN
cblr-1717	11	3	.	.	PROPN
cblr-1717	11	4	candidate	candidate	PROPN
cblr-1717	11	5	2017	2017	NUM
cblr-1717	11	6	,	,	PUNCT
cblr-1717	11	7	columbia	columbia	PROPN
cblr-1717	11	8	law	law	PROPN
cblr-1717	11	9	school	school	NOUN
cblr-1717	11	10	;	;	PUNCT
cblr-1717	11	11	b.a	b.a	PROPN
cblr-1717	11	12	.	.	PROPN
cblr-1717	11	13	2013	2013	NUM
cblr-1717	11	14	,	,	PUNCT
cblr-1717	11	15	university	university	NOUN
cblr-1717	11	16	of	of	ADP
cblr-1717	11	17	chicago	chicago	PROPN
cblr-1717	11	18	.	.	PUNCT
cblr-1717	12	1	many	many	ADJ
cblr-1717	12	2	thanks	thank	NOUN
cblr-1717	12	3	to	to	ADP
cblr-1717	12	4	professor	professor	PROPN
cblr-1717	12	5	robert	robert	PROPN
cblr-1717	12	6	j.	j.	PROPN
cblr-1717	12	7	jackson	jackson	PROPN
cblr-1717	12	8	,	,	PUNCT
cblr-1717	12	9	jr	jr	PROPN
cblr-1717	12	10	.	.	PROPN
cblr-1717	12	11	for	for	ADP
cblr-1717	12	12	his	his	PRON
cblr-1717	12	13	invaluable	invaluable	ADJ
cblr-1717	12	14	insight	insight	NOUN
cblr-1717	12	15	and	and	CCONJ
cblr-1717	12	16	guidance	guidance	NOUN
cblr-1717	12	17	throughout	throughout	ADP
cblr-1717	12	18	the	the	DET
cblr-1717	12	19	process	process	NOUN
cblr-1717	12	20	of	of	ADP
cblr-1717	12	21	writing	write	VERB
cblr-1717	12	22	this	this	DET
cblr-1717	12	23	note	note	NOUN
cblr-1717	12	24	.	.	PUNCT
cblr-1717	13	1	additional	additional	ADJ
cblr-1717	13	2	thanks	thank	NOUN
cblr-1717	13	3	to	to	ADP
cblr-1717	13	4	the	the	DET
cblr-1717	13	5	superb	superb	ADJ
cblr-1717	13	6	staff	staff	NOUN
cblr-1717	13	7	and	and	CCONJ
cblr-1717	13	8	editorial	editorial	NOUN
cblr-1717	13	9	board	board	NOUN
cblr-1717	13	10	of	of	ADP
cblr-1717	13	11	the	the	DET
cblr-1717	13	12	columbia	columbia	PROPN
cblr-1717	13	13	business	business	PROPN
cblr-1717	13	14	law	law	PROPN
cblr-1717	13	15	review	review	NOUN
cblr-1717	13	16	for	for	ADP
cblr-1717	13	17	their	their	PRON
cblr-1717	13	18	support	support	NOUN
cblr-1717	13	19	in	in	ADP
cblr-1717	13	20	preparing	prepare	VERB
cblr-1717	13	21	this	this	DET
cblr-1717	13	22	note	note	NOUN
cblr-1717	13	23	for	for	ADP
cblr-1717	13	24	publication	publication	NOUN
cblr-1717	13	25	.	.	PUNCT
cblr-1717	14	1	all	all	DET
cblr-1717	14	2	errors	error	NOUN
cblr-1717	14	3	are	be	AUX
cblr-1717	14	4	my	my	PRON
cblr-1717	14	5	own	own	ADJ
cblr-1717	14	6	.	.	PUNCT
cblr-1717	15	1	ades	ade	NOUN
cblr-1717	15	2	-	-	PUNCT
cblr-1717	15	3	laurent	laurent	NOUN
cblr-1717	15	4	–	–	PUNCT
cblr-1717	15	5	final	final	ADJ
cblr-1717	15	6	348	348	NUM
cblr-1717	15	7	columbia	columbia	PROPN
cblr-1717	15	8	business	business	NOUN
cblr-1717	15	9	law	law	PROPN
cblr-1717	15	10	review	review	NOUN
cblr-1717	16	1	[	[	X
cblr-1717	16	2	vol	vol	NOUN
cblr-1717	16	3	.	.	NOUN
cblr-1717	16	4	2017	2017	NUM
cblr-1717	16	5	i.	i.	NOUN
cblr-1717	16	6	introduction	introduction	NOUN
cblr-1717	16	7	.................................................................	.................................................................	PUNCT
cblr-1717	16	8	349	349	NUM
cblr-1717	16	9	ii	ii	NOUN
cblr-1717	16	10	.	.	PUNCT
cblr-1717	17	1	federal	federal	ADJ
cblr-1717	17	2	responses	response	NOUN
cblr-1717	17	3	to	to	ADP
cblr-1717	17	4	the	the	DET
cblr-1717	17	5	use	use	NOUN
cblr-1717	17	6	of	of	ADP
cblr-1717	17	7	options	option	NOUN
cblr-1717	17	8	in	in	ADP
cblr-1717	17	9	executive	executive	ADJ
cblr-1717	17	10	compensation	compensation	NOUN
cblr-1717	17	11	............................................	............................................	PUNCT
cblr-1717	17	12	352	352	NUM
cblr-1717	17	13	a.	a.	NOUN
cblr-1717	17	14	change	change	NOUN
cblr-1717	17	15	in	in	ADP
cblr-1717	17	16	accounting	accounting	NOUN
cblr-1717	17	17	rules	rule	NOUN
cblr-1717	17	18	................................	................................	PUNCT
cblr-1717	18	1	353	353	NUM
cblr-1717	18	2	b.	b.	PROPN
cblr-1717	18	3	sec	sec	PROPN
cblr-1717	18	4	public	public	ADJ
cblr-1717	18	5	disclosure	disclosure	NOUN
cblr-1717	18	6	rules	rule	NOUN
cblr-1717	18	7	...............................	...............................	PUNCT
cblr-1717	18	8	354	354	NUM
cblr-1717	18	9	c.	c.	NOUN
cblr-1717	18	10	amendments	amendment	NOUN
cblr-1717	18	11	to	to	ADP
cblr-1717	18	12	the	the	DET
cblr-1717	18	13	tax	tax	NOUN
cblr-1717	18	14	code	code	NOUN
cblr-1717	18	15	..............................	..............................	PUNCT
cblr-1717	19	1	356	356	NUM
cblr-1717	19	2	1	1	NUM
cblr-1717	19	3	.	.	PUNCT
cblr-1717	19	4	section	section	NOUN
cblr-1717	19	5	409a	409a	PROPN
cblr-1717	19	6	....................................................	....................................................	PUNCT
cblr-1717	19	7	357	357	NUM
cblr-1717	19	8	2	2	NUM
cblr-1717	19	9	.	.	PUNCT
cblr-1717	19	10	section	section	NOUN
cblr-1717	19	11	162(m	162(m	NUM
cblr-1717	19	12	)	)	PUNCT
cblr-1717	19	13	.................................................	.................................................	PUNCT
cblr-1717	20	1	360	360	NUM
cblr-1717	20	2	d.	d.	PROPN
cblr-1717	20	3	dodd	dodd	PROPN
cblr-1717	20	4	-	-	PUNCT
cblr-1717	20	5	frank	frank	PROPN
cblr-1717	20	6	...........................................................	...........................................................	PUNCT
cblr-1717	20	7	363	363	NUM
cblr-1717	20	8	iii	iii	NOUN
cblr-1717	20	9	.	.	PUNCT
cblr-1717	20	10	evidence	evidence	NOUN
cblr-1717	20	11	on	on	ADP
cblr-1717	20	12	the	the	DET
cblr-1717	20	13	distribution	distribution	NOUN
cblr-1717	20	14	of	of	ADP
cblr-1717	20	15	stock	stock	NOUN
cblr-1717	20	16	and	and	CCONJ
cblr-1717	20	17	options	option	NOUN
cblr-1717	20	18	grants	grant	NOUN
cblr-1717	20	19	in	in	ADP
cblr-1717	20	20	executive	executive	ADJ
cblr-1717	20	21	compensation	compensation	NOUN
cblr-1717	20	22	packages	package	NOUN
cblr-1717	20	23	...........	...........	PUNCT
cblr-1717	20	24	366	366	NUM
cblr-1717	20	25	a.	a.	NOUN
cblr-1717	20	26	methodology	methodology	NOUN
cblr-1717	20	27	..........................................................	..........................................................	PUNCT
cblr-1717	21	1	367	367	NUM
cblr-1717	21	2	b.	b.	PROPN
cblr-1717	21	3	evidence	evidence	NOUN
cblr-1717	21	4	on	on	ADP
cblr-1717	21	5	the	the	DET
cblr-1717	21	6	decline	decline	NOUN
cblr-1717	21	7	of	of	ADP
cblr-1717	21	8	options	option	NOUN
cblr-1717	21	9	grants	grant	NOUN
cblr-1717	21	10	as	as	ADP
cblr-1717	21	11	compensation	compensation	NOUN
cblr-1717	21	12	.......................................................	.......................................................	PUNCT
cblr-1717	21	13	371	371	NUM
cblr-1717	21	14	1	1	NUM
cblr-1717	21	15	.	.	PUNCT
cblr-1717	21	16	aggregate	aggregate	ADJ
cblr-1717	21	17	increase	increase	NOUN
cblr-1717	21	18	in	in	ADP
cblr-1717	21	19	stock	stock	NOUN
cblr-1717	21	20	and	and	CCONJ
cblr-1717	21	21	decrease	decrease	NOUN
cblr-1717	21	22	in	in	ADP
cblr-1717	21	23	option	option	NOUN
cblr-1717	21	24	compensation	compensation	NOUN
cblr-1717	21	25	.................................	.................................	PUNCT
cblr-1717	21	26	371	371	NUM
cblr-1717	21	27	2	2	NUM
cblr-1717	21	28	.	.	PUNCT
cblr-1717	21	29	effects	effect	NOUN
cblr-1717	21	30	of	of	ADP
cblr-1717	21	31	ceo	ceo	NOUN
cblr-1717	21	32	’s	’s	PART
cblr-1717	21	33	age	age	NOUN
cblr-1717	21	34	on	on	ADP
cblr-1717	21	35	equity	equity	NOUN
cblr-1717	21	36	composition	composition	NOUN
cblr-1717	21	37	374	374	NUM
cblr-1717	21	38	3	3	NUM
cblr-1717	21	39	.	.	PUNCT
cblr-1717	21	40	trends	trend	NOUN
cblr-1717	21	41	for	for	ADP
cblr-1717	21	42	ceos	ceos	NOUN
cblr-1717	21	43	..............................................	..............................................	PUNCT
cblr-1717	21	44	377	377	NUM
cblr-1717	21	45	4	4	NUM
cblr-1717	21	46	.	.	PUNCT
cblr-1717	21	47	firm	firm	ADJ
cblr-1717	21	48	size	size	NOUN
cblr-1717	21	49	.........................................................	.........................................................	PUNCT
cblr-1717	21	50	381	381	NUM
cblr-1717	21	51	iv	iv	NOUN
cblr-1717	21	52	.	.	PUNCT
cblr-1717	21	53	implications	implication	NOUN
cblr-1717	21	54	for	for	ADP
cblr-1717	21	55	policymakers	policymaker	NOUN
cblr-1717	21	56	....................................	....................................	PUNCT
cblr-1717	21	57	384	384	NUM
cblr-1717	21	58	a.	a.	NOUN
cblr-1717	21	59	risk	risk	NOUN
cblr-1717	21	60	-	-	PUNCT
cblr-1717	21	61	taking	taking	NOUN
cblr-1717	21	62	for	for	ADP
cblr-1717	21	63	executives	executive	NOUN
cblr-1717	21	64	..................................	..................................	PUNCT
cblr-1717	21	65	384	384	NUM
cblr-1717	21	66	1	1	NUM
cblr-1717	21	67	.	.	PUNCT
cblr-1717	21	68	risk	risk	NOUN
cblr-1717	21	69	-	-	PUNCT
cblr-1717	21	70	taking	taking	NOUN
cblr-1717	21	71	:	:	PUNCT
cblr-1717	21	72	the	the	DET
cblr-1717	21	73	issue	issue	NOUN
cblr-1717	21	74	...................................	...................................	PUNCT
cblr-1717	21	75	385	385	NUM
cblr-1717	21	76	2	2	NUM
cblr-1717	21	77	.	.	NUM
cblr-1717	21	78	increased	increase	VERB
cblr-1717	21	79	shareholder	shareholder	NOUN
cblr-1717	21	80	activism	activism	NOUN
cblr-1717	21	81	as	as	ADP
cblr-1717	21	82	a	a	DET
cblr-1717	21	83	consequence	consequence	NOUN
cblr-1717	21	84	of	of	ADP
cblr-1717	21	85	suboptimal	suboptimal	ADJ
cblr-1717	21	86	risk	risk	NOUN
cblr-1717	21	87	-	-	PUNCT
cblr-1717	21	88	taking	taking	NOUN
cblr-1717	21	89	......	......	PUNCT
cblr-1717	21	90	387	387	NUM
cblr-1717	21	91	b.	b.	PROPN
cblr-1717	21	92	tax	tax	NOUN
cblr-1717	21	93	concerns	concern	NOUN
cblr-1717	21	94	........................................................	........................................................	PUNCT
cblr-1717	21	95	391	391	NUM
cblr-1717	21	96	1	1	NUM
cblr-1717	21	97	.	.	PUNCT
cblr-1717	21	98	deferrals	deferral	NOUN
cblr-1717	21	99	..........................................................	..........................................................	PUNCT
cblr-1717	21	100	391	391	NUM
cblr-1717	21	101	2	2	NUM
cblr-1717	21	102	.	.	PUNCT
cblr-1717	22	1	deductions	deduction	NOUN
cblr-1717	22	2	.......................................................	.......................................................	PUNCT
cblr-1717	23	1	392	392	NUM
cblr-1717	23	2	3	3	NUM
cblr-1717	23	3	.	.	PUNCT
cblr-1717	23	4	current	current	ADJ
cblr-1717	23	5	tax	tax	NOUN
cblr-1717	23	6	reform	reform	NOUN
cblr-1717	23	7	legislation	legislation	NOUN
cblr-1717	23	8	....................	....................	PUNCT
cblr-1717	24	1	394	394	NUM
cblr-1717	24	2	v.	v.	ADP
cblr-1717	24	3	conclusion	conclusion	NOUN
cblr-1717	24	4	...................................................................	...................................................................	PUNCT
cblr-1717	24	5	397	397	NUM
cblr-1717	24	6	ades	ade	NOUN
cblr-1717	24	7	-	-	PUNCT
cblr-1717	24	8	laurent	laurent	NOUN
cblr-1717	24	9	–	–	PUNCT
cblr-1717	24	10	final	final	ADJ
cblr-1717	24	11	no	no	NOUN
cblr-1717	24	12	.	.	PUNCT
cblr-1717	25	1	1:347	1:347	NUM
cblr-1717	25	2	]	]	PUNCT
cblr-1717	25	3	disappearing	disappear	VERB
cblr-1717	25	4	stock	stock	NOUN
cblr-1717	25	5	options	option	NOUN
cblr-1717	25	6	349	349	NUM
cblr-1717	25	7	i.	i.	NOUN
cblr-1717	25	8	introduction	introduction	NOUN
cblr-1717	25	9	for	for	ADP
cblr-1717	25	10	more	more	ADJ
cblr-1717	25	11	than	than	ADP
cblr-1717	25	12	two	two	NUM
cblr-1717	25	13	decades	decade	NOUN
cblr-1717	25	14	,	,	PUNCT
cblr-1717	25	15	the	the	DET
cblr-1717	25	16	pages	page	NOUN
cblr-1717	25	17	of	of	ADP
cblr-1717	25	18	finance	finance	NOUN
cblr-1717	25	19	journals,1	journals,1	ADJ
cblr-1717	25	20	legislative	legislative	ADJ
cblr-1717	25	21	hearings,2	hearings,2	NOUN
cblr-1717	25	22	and	and	CCONJ
cblr-1717	25	23	academic	academic	ADJ
cblr-1717	25	24	dialogue3	dialogue3	NOUN
cblr-1717	25	25	have	have	AUX
cblr-1717	25	26	been	be	AUX
cblr-1717	25	27	filled	fill	VERB
cblr-1717	25	28	with	with	ADP
cblr-1717	25	29	discussions	discussion	NOUN
cblr-1717	25	30	of	of	ADP
cblr-1717	25	31	executive	executive	ADJ
cblr-1717	25	32	compensation	compensation	NOUN
cblr-1717	25	33	in	in	ADP
cblr-1717	25	34	the	the	DET
cblr-1717	25	35	united	united	PROPN
cblr-1717	25	36	states	states	PROPN
cblr-1717	25	37	’	'	PUNCT
cblr-1717	25	38	largest	large	ADJ
cblr-1717	25	39	public	public	ADJ
cblr-1717	25	40	companies.4	companies.4	PROPN
cblr-1717	25	41	this	this	PRON
cblr-1717	25	42	is	be	AUX
cblr-1717	25	43	in	in	ADP
cblr-1717	25	44	large	large	ADJ
cblr-1717	25	45	part	part	NOUN
cblr-1717	25	46	due	due	ADP
cblr-1717	25	47	to	to	ADP
cblr-1717	25	48	the	the	DET
cblr-1717	25	49	increased	increase	VERB
cblr-1717	25	50	use	use	NOUN
cblr-1717	25	51	of	of	ADP
cblr-1717	25	52	equity	equity	NOUN
cblr-1717	25	53	compensation	compensation	NOUN
cblr-1717	25	54	after	after	ADP
cblr-1717	25	55	1993	1993	NUM
cblr-1717	25	56	,	,	PUNCT
cblr-1717	25	57	generally	generally	ADV
cblr-1717	25	58	in	in	ADP
cblr-1717	25	59	the	the	DET
cblr-1717	25	60	form	form	NOUN
cblr-1717	25	61	of	of	ADP
cblr-1717	25	62	stock	stock	NOUN
cblr-1717	25	63	and	and	CCONJ
cblr-1717	25	64	stock	stock	NOUN
cblr-1717	25	65	-	-	PUNCT
cblr-1717	25	66	option	option	NOUN
cblr-1717	25	67	grants.5	grants.5	PROPN
cblr-1717	25	68	equity	equity	NOUN
cblr-1717	25	69	pay	pay	NOUN
cblr-1717	25	70	is	be	AUX
cblr-1717	25	71	often	often	ADV
cblr-1717	25	72	emphasized	emphasize	VERB
cblr-1717	25	73	as	as	ADP
cblr-1717	25	74	the	the	DET
cblr-1717	25	75	key	key	NOUN
cblr-1717	25	76	to	to	ADP
cblr-1717	25	77	improving	improve	VERB
cblr-1717	25	78	executive	executive	ADJ
cblr-1717	25	79	accountability	accountability	NOUN
cblr-1717	25	80	by	by	ADP
cblr-1717	25	81	linking	link	VERB
cblr-1717	25	82	pay	pay	NOUN
cblr-1717	25	83	to	to	ADP
cblr-1717	25	84	performance	performance	NOUN
cblr-1717	25	85	.	.	PUNCT
cblr-1717	26	1	after	after	ADP
cblr-1717	26	2	the	the	DET
cblr-1717	26	3	profusion	profusion	NOUN
cblr-1717	26	4	of	of	ADP
cblr-1717	26	5	accounting	accounting	NOUN
cblr-1717	26	6	scandals	scandal	NOUN
cblr-1717	26	7	in	in	ADP
cblr-1717	26	8	the	the	DET
cblr-1717	26	9	early	early	ADJ
cblr-1717	26	10	2000s	2000s	NUM
cblr-1717	26	11	,	,	PUNCT
cblr-1717	26	12	congress	congress	PROPN
cblr-1717	26	13	passed	pass	VERB
cblr-1717	26	14	the	the	DET
cblr-1717	26	15	sarbanes	sarbanes	PROPN
cblr-1717	26	16	-	-	PUNCT
cblr-1717	26	17	oxley	oxley	ADJ
cblr-1717	26	18	act	act	NOUN
cblr-1717	26	19	(	(	PUNCT
cblr-1717	26	20	“	"	PUNCT
cblr-1717	26	21	sox	sox	X
cblr-1717	26	22	”	"	PUNCT
cblr-1717	26	23	)	)	PUNCT
cblr-1717	26	24	in	in	ADP
cblr-1717	26	25	order	order	NOUN
cblr-1717	26	26	to	to	PART
cblr-1717	26	27	overhaul	overhaul	VERB
cblr-1717	26	28	the	the	DET
cblr-1717	26	29	requirements	requirement	NOUN
cblr-1717	26	30	for	for	ADP
cblr-1717	26	31	all	all	DET
cblr-1717	26	32	public	public	ADJ
cblr-1717	26	33	company	company	NOUN
cblr-1717	26	34	boards	board	NOUN
cblr-1717	26	35	,	,	PUNCT
cblr-1717	26	36	management	management	NOUN
cblr-1717	26	37	,	,	PUNCT
cblr-1717	26	38	and	and	CCONJ
cblr-1717	26	39	public	public	ADJ
cblr-1717	26	40	accounting	accounting	NOUN
cblr-1717	26	41	firms.6	firms.6	VERB
cblr-1717	26	42	the	the	DET
cblr-1717	26	43	uproar	uproar	NOUN
cblr-1717	26	44	1	1	NUM
cblr-1717	26	45	see	see	NOUN
cblr-1717	26	46	,	,	PUNCT
cblr-1717	26	47	e.g.	e.g.	ADV
cblr-1717	26	48	,	,	PUNCT
cblr-1717	26	49	new	new	ADJ
cblr-1717	26	50	concerns	concern	NOUN
cblr-1717	26	51	arise	arise	VERB
cblr-1717	26	52	on	on	ADP
cblr-1717	26	53	executive	executive	ADJ
cblr-1717	26	54	compensation	compensation	NOUN
cblr-1717	26	55	,	,	PUNCT
cblr-1717	26	56	financial	financial	ADJ
cblr-1717	26	57	times	time	NOUN
cblr-1717	26	58	(	(	PUNCT
cblr-1717	26	59	may	may	PROPN
cblr-1717	26	60	27	27	NUM
cblr-1717	26	61	,	,	PUNCT
cblr-1717	26	62	2006	2006	NUM
cblr-1717	26	63	)	)	PUNCT
cblr-1717	26	64	,	,	PUNCT
cblr-1717	26	65	http://find.galegroup.com.ezproxy.cul.columbia.edu	http://find.galegroup.com.ezproxy.cul.columbia.edu	ADV
cblr-1717	26	66	/ftha	/ftha	PUNCT
cblr-1717	26	67	/	/	SYM
cblr-1717	26	68	infomark.do?&source	infomark.do?&source	NOUN
cblr-1717	26	69	=	=	SYM
cblr-1717	26	70	gale&prodid	gale&prodid	PROPN
cblr-1717	26	71	=	=	SYM
cblr-1717	26	72	ftha&usergroupname	ftha&usergroupname	NOUN
cblr-1717	26	73	=	=	NOUN
cblr-1717	26	74	columb	columb	ADJ
cblr-1717	26	75	iau&tabid	iau&tabid	PROPN
cblr-1717	26	76	=	=	SYM
cblr-1717	26	77	t003&docpage	t003&docpage	NOUN
cblr-1717	26	78	=	=	NOUN
cblr-1717	26	79	article&docid	article&docid	NOUN
cblr-1717	26	80	=	=	NOUN
cblr-1717	26	81	hs2306375603&type	hs2306375603&type	NOUN
cblr-1717	26	82	=	=	SYM
cblr-1717	26	83	multipag	multipag	NOUN
cblr-1717	26	84	e&contentset	e&contentset	NOUN
cblr-1717	26	85	=	=	PRON
cblr-1717	26	86	lto&version=1.0	lto&version=1.0	PROPN
cblr-1717	26	87	(	(	PUNCT
cblr-1717	26	88	available	available	ADJ
cblr-1717	26	89	by	by	ADP
cblr-1717	26	90	subscription	subscription	NOUN
cblr-1717	26	91	at	at	ADP
cblr-1717	26	92	http://find.galegroup.com/ftha/index.jsp	http://find.galegroup.com/ftha/index.jsp	ADJ
cblr-1717	26	93	)	)	PUNCT
cblr-1717	26	94	.	.	PUNCT
cblr-1717	27	1	2	2	NUM
cblr-1717	27	2	see	see	VERB
cblr-1717	27	3	,	,	PUNCT
cblr-1717	27	4	e.g.	e.g.	ADV
cblr-1717	27	5	,	,	PUNCT
cblr-1717	27	6	executive	executive	ADJ
cblr-1717	27	7	compensation	compensation	NOUN
cblr-1717	27	8	how	how	SCONJ
cblr-1717	27	9	much	much	ADJ
cblr-1717	27	10	is	be	AUX
cblr-1717	27	11	too	too	ADV
cblr-1717	27	12	much	much	ADV
cblr-1717	27	13	:	:	PUNCT
cblr-1717	27	14	hearing	hear	VERB
cblr-1717	27	15	before	before	ADP
cblr-1717	27	16	the	the	DET
cblr-1717	27	17	committee	committee	NOUN
cblr-1717	27	18	on	on	ADP
cblr-1717	27	19	oversight	oversight	NOUN
cblr-1717	27	20	and	and	CCONJ
cblr-1717	27	21	government	government	NOUN
cblr-1717	27	22	reform	reform	NOUN
cblr-1717	27	23	,	,	PUNCT
cblr-1717	27	24	111th	111th	ADJ
cblr-1717	27	25	cong	cong	NOUN
cblr-1717	27	26	.	.	PUNCT
cblr-1717	27	27	1	1	NUM
cblr-1717	27	28	(	(	PUNCT
cblr-1717	27	29	2009	2009	NUM
cblr-1717	27	30	)	)	PUNCT
cblr-1717	27	31	.	.	PUNCT
cblr-1717	28	1	3	3	NUM
cblr-1717	28	2	see	see	VERB
cblr-1717	28	3	,	,	PUNCT
cblr-1717	28	4	e.g.	e.g.	ADV
cblr-1717	28	5	,	,	PUNCT
cblr-1717	28	6	richard	richard	NOUN
cblr-1717	28	7	posner	posner	PROPN
cblr-1717	28	8	,	,	PUNCT
cblr-1717	28	9	are	be	AUX
cblr-1717	28	10	american	american	ADJ
cblr-1717	28	11	ceos	ceos	PROPN
cblr-1717	28	12	overpaid	overpay	VERB
cblr-1717	28	13	,	,	PUNCT
cblr-1717	28	14	and	and	CCONJ
cblr-1717	28	15	,	,	PUNCT
cblr-1717	28	16	if	if	SCONJ
cblr-1717	28	17	so	so	ADV
cblr-1717	28	18	,	,	PUNCT
cblr-1717	28	19	what	what	PRON
cblr-1717	28	20	if	if	SCONJ
cblr-1717	28	21	anything	anything	PRON
cblr-1717	28	22	should	should	AUX
cblr-1717	28	23	be	be	AUX
cblr-1717	28	24	done	do	VERB
cblr-1717	28	25	about	about	ADP
cblr-1717	28	26	it	it	PRON
cblr-1717	28	27	?	?	PUNCT
cblr-1717	28	28	,	,	PUNCT
cblr-1717	28	29	58	58	NUM
cblr-1717	28	30	duke	duke	PROPN
cblr-1717	28	31	l.	l.	PROPN
cblr-1717	28	32	j.	j.	PROPN
cblr-1717	28	33	1013	1013	NUM
cblr-1717	28	34	(	(	PUNCT
cblr-1717	28	35	2009	2009	NUM
cblr-1717	28	36	)	)	PUNCT
cblr-1717	28	37	;	;	PUNCT
cblr-1717	28	38	michael	michael	PROPN
cblr-1717	28	39	c.	c.	PROPN
cblr-1717	28	40	jensen	jensen	PROPN
cblr-1717	28	41	&	&	CCONJ
cblr-1717	28	42	kevin	kevin	PROPN
cblr-1717	28	43	j.	j.	PROPN
cblr-1717	28	44	murphy	murphy	PROPN
cblr-1717	28	45	,	,	PUNCT
cblr-1717	28	46	ceo	ceo	NOUN
cblr-1717	28	47	incentives	incentive	NOUN
cblr-1717	28	48	—	—	PUNCT
cblr-1717	28	49	it	it	PRON
cblr-1717	28	50	’s	’	VERB
cblr-1717	28	51	not	not	PART
cblr-1717	28	52	how	how	SCONJ
cblr-1717	28	53	much	much	ADJ
cblr-1717	28	54	you	you	PRON
cblr-1717	28	55	pay	pay	VERB
cblr-1717	28	56	,	,	PUNCT
cblr-1717	28	57	but	but	CCONJ
cblr-1717	28	58	how	how	SCONJ
cblr-1717	28	59	,	,	PUNCT
cblr-1717	28	60	harv	harv	NOUN
cblr-1717	28	61	.	.	PUNCT
cblr-1717	29	1	bus	bus	NOUN
cblr-1717	29	2	.	.	PUNCT
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cblr-1717	30	2	.	.	PROPN
cblr-1717	30	3	,	,	PUNCT
cblr-1717	30	4	may	may	PROPN
cblr-1717	30	5	–	–	PUNCT
cblr-1717	30	6	june	june	PROPN
cblr-1717	30	7	1990	1990	NUM
cblr-1717	30	8	,	,	PUNCT
cblr-1717	30	9	at	at	ADP
cblr-1717	30	10	138	138	NUM
cblr-1717	30	11	;	;	PUNCT
cblr-1717	30	12	susan	susan	PROPN
cblr-1717	30	13	lorde	lorde	PROPN
cblr-1717	30	14	martin	martin	PROPN
cblr-1717	30	15	,	,	PUNCT
cblr-1717	30	16	executive	executive	ADJ
cblr-1717	30	17	compensation	compensation	NOUN
cblr-1717	30	18	:	:	PUNCT
cblr-1717	30	19	reining	rein	VERB
cblr-1717	30	20	in	in	ADP
cblr-1717	30	21	runaway	runaway	ADJ
cblr-1717	30	22	abuses	abuse	NOUN
cblr-1717	30	23	—	—	PUNCT
cblr-1717	30	24	again	again	ADV
cblr-1717	30	25	,	,	PUNCT
cblr-1717	30	26	41	41	NUM
cblr-1717	30	27	u.s.f.l	u.s.f.l	PROPN
cblr-1717	30	28	.	.	PUNCT
cblr-1717	30	29	rev	rev	PROPN
cblr-1717	30	30	.	.	PROPN
cblr-1717	30	31	147	147	NUM
cblr-1717	30	32	(	(	PUNCT
cblr-1717	30	33	2006	2006	NUM
cblr-1717	30	34	)	)	PUNCT
cblr-1717	30	35	.	.	PUNCT
cblr-1717	31	1	4	4	NUM
cblr-1717	31	2	a	a	DET
cblr-1717	31	3	pervasive	pervasive	ADJ
cblr-1717	31	4	topic	topic	NOUN
cblr-1717	31	5	in	in	ADP
cblr-1717	31	6	the	the	DET
cblr-1717	31	7	current	current	ADJ
cblr-1717	31	8	academic	academic	ADJ
cblr-1717	31	9	debate	debate	NOUN
cblr-1717	31	10	over	over	ADP
cblr-1717	31	11	corporate	corporate	ADJ
cblr-1717	31	12	governance	governance	NOUN
cblr-1717	31	13	is	be	AUX
cblr-1717	31	14	the	the	DET
cblr-1717	31	15	question	question	NOUN
cblr-1717	31	16	of	of	ADP
cblr-1717	31	17	whether	whether	SCONJ
cblr-1717	31	18	u.s	u.s	PROPN
cblr-1717	31	19	.	.	PROPN
cblr-1717	31	20	executives	executive	NOUN
cblr-1717	31	21	are	be	AUX
cblr-1717	31	22	overpaid	overpay	VERB
cblr-1717	31	23	.	.	PUNCT
cblr-1717	32	1	the	the	DET
cblr-1717	32	2	increase	increase	NOUN
cblr-1717	32	3	in	in	ADP
cblr-1717	32	4	average	average	ADJ
cblr-1717	32	5	total	total	ADJ
cblr-1717	32	6	ceo	ceo	NOUN
cblr-1717	32	7	compensation	compensation	NOUN
cblr-1717	32	8	between	between	ADP
cblr-1717	32	9	1993–2000	1993–2000	NUM
cblr-1717	32	10	climbed	climb	VERB
cblr-1717	32	11	from	from	ADP
cblr-1717	32	12	$	$	SYM
cblr-1717	32	13	3.7	3.7	NUM
cblr-1717	32	14	million	million	NUM
cblr-1717	32	15	to	to	PART
cblr-1717	32	16	$	$	SYM
cblr-1717	32	17	17.4	17.4	NUM
cblr-1717	32	18	million	million	NUM
cblr-1717	32	19	.	.	PUNCT
cblr-1717	33	1	see	see	VERB
cblr-1717	33	2	lucian	lucian	PROPN
cblr-1717	33	3	bebchuk	bebchuk	PROPN
cblr-1717	33	4	&	&	CCONJ
cblr-1717	33	5	yaniv	yaniv	PROPN
cblr-1717	33	6	grinstein	grinstein	PROPN
cblr-1717	33	7	,	,	PUNCT
cblr-1717	33	8	the	the	DET
cblr-1717	33	9	growth	growth	NOUN
cblr-1717	33	10	of	of	ADP
cblr-1717	33	11	executive	executive	ADJ
cblr-1717	33	12	pay	pay	NOUN
cblr-1717	33	13	,	,	PUNCT
cblr-1717	33	14	21	21	NUM
cblr-1717	33	15	oxf	oxf	NOUN
cblr-1717	33	16	.	.	PUNCT
cblr-1717	34	1	rev	rev	PROPN
cblr-1717	34	2	.	.	PROPN
cblr-1717	34	3	econ	econ	PROPN
cblr-1717	34	4	.	.	PUNCT
cblr-1717	35	1	pol’y	pol’y	NOUN
cblr-1717	35	2	283	283	NUM
cblr-1717	35	3	,	,	PUNCT
cblr-1717	35	4	285	285	NUM
cblr-1717	35	5	(	(	PUNCT
cblr-1717	35	6	2005	2005	NUM
cblr-1717	35	7	)	)	PUNCT
cblr-1717	35	8	.	.	PUNCT
cblr-1717	36	1	5	5	NUM
cblr-1717	36	2	in	in	ADP
cblr-1717	36	3	1993	1993	NUM
cblr-1717	36	4	,	,	PUNCT
cblr-1717	36	5	congress	congress	PROPN
cblr-1717	36	6	eliminated	eliminate	VERB
cblr-1717	36	7	the	the	DET
cblr-1717	36	8	corporate	corporate	ADJ
cblr-1717	36	9	income	income	NOUN
cblr-1717	36	10	tax	tax	NOUN
cblr-1717	36	11	deduction	deduction	NOUN
cblr-1717	36	12	for	for	ADP
cblr-1717	36	13	executive	executive	ADJ
cblr-1717	36	14	salaries	salary	NOUN
cblr-1717	36	15	over	over	ADP
cblr-1717	36	16	$	$	SYM
cblr-1717	36	17	1	1	NUM
cblr-1717	36	18	million	million	NUM
cblr-1717	36	19	,	,	PUNCT
cblr-1717	36	20	since	since	SCONJ
cblr-1717	36	21	the	the	DET
cblr-1717	36	22	limitation	limitation	NOUN
cblr-1717	36	23	was	be	AUX
cblr-1717	36	24	applicable	applicable	ADJ
cblr-1717	36	25	only	only	ADV
cblr-1717	36	26	to	to	ADP
cblr-1717	36	27	non	non	ADJ
cblr-1717	36	28	-	-	ADJ
cblr-1717	36	29	incentive	incentive	ADJ
cblr-1717	36	30	-	-	PUNCT
cblr-1717	36	31	based	base	VERB
cblr-1717	36	32	compensation	compensation	NOUN
cblr-1717	36	33	.	.	PUNCT
cblr-1717	37	1	see	see	VERB
cblr-1717	37	2	sanjai	sanjai	PROPN
cblr-1717	37	3	bhagat	bhagat	PROPN
cblr-1717	37	4	&	&	CCONJ
cblr-1717	37	5	roberta	roberta	PROPN
cblr-1717	37	6	romano	romano	PROPN
cblr-1717	37	7	,	,	PUNCT
cblr-1717	37	8	reforming	reform	VERB
cblr-1717	37	9	executive	executive	ADJ
cblr-1717	37	10	compensation	compensation	NOUN
cblr-1717	37	11	:	:	PUNCT
cblr-1717	37	12	focusing	focus	VERB
cblr-1717	37	13	and	and	CCONJ
cblr-1717	37	14	committing	commit	VERB
cblr-1717	37	15	to	to	ADP
cblr-1717	37	16	the	the	DET
cblr-1717	37	17	long	long	ADJ
cblr-1717	37	18	-	-	PUNCT
cblr-1717	37	19	term	term	NOUN
cblr-1717	37	20	,	,	PUNCT
cblr-1717	37	21	26	26	NUM
cblr-1717	37	22	yale	yale	PROPN
cblr-1717	37	23	j.	j.	PROPN
cblr-1717	37	24	on	on	ADP
cblr-1717	37	25	reg	reg	PROPN
cblr-1717	37	26	.	.	PUNCT
cblr-1717	38	1	359	359	NUM
cblr-1717	38	2	,	,	PUNCT
cblr-1717	38	3	361	361	NUM
cblr-1717	38	4	(	(	PUNCT
cblr-1717	38	5	2009	2009	NUM
cblr-1717	38	6	)	)	PUNCT
cblr-1717	38	7	.	.	PUNCT
cblr-1717	39	1	6	6	NUM
cblr-1717	39	2	sarbanes	sarbanes	PROPN
cblr-1717	39	3	-	-	PUNCT
cblr-1717	39	4	oxley	oxley	ADJ
cblr-1717	39	5	act	act	NOUN
cblr-1717	39	6	of	of	ADP
cblr-1717	39	7	2002	2002	NUM
cblr-1717	39	8	,	,	PUNCT
cblr-1717	39	9	pub	pub	NOUN
cblr-1717	39	10	.	.	PUNCT
cblr-1717	40	1	l.	l.	PROPN
cblr-1717	40	2	no	no	INTJ
cblr-1717	40	3	.	.	PUNCT
cblr-1717	41	1	107	107	NUM
cblr-1717	41	2	-	-	SYM
cblr-1717	41	3	204	204	NUM
cblr-1717	41	4	,	,	PUNCT
cblr-1717	41	5	116	116	NUM
cblr-1717	41	6	stat	stat	NOUN
cblr-1717	41	7	.	.	PUNCT
cblr-1717	42	1	745	745	NUM
cblr-1717	42	2	(	(	PUNCT
cblr-1717	42	3	codified	codify	VERB
cblr-1717	42	4	at	at	ADP
cblr-1717	42	5	15	15	NUM
cblr-1717	42	6	u.s.c	u.s.c	NOUN
cblr-1717	42	7	.	.	PUNCT
cblr-1717	43	1	§	§	PROPN
cblr-1717	43	2	§	§	PROPN
cblr-1717	43	3	15	15	NUM
cblr-1717	43	4	,	,	PUNCT
cblr-1717	43	5	18	18	NUM
cblr-1717	43	6	)	)	PUNCT
cblr-1717	43	7	.	.	PUNCT
cblr-1717	44	1	the	the	DET
cblr-1717	44	2	act	act	NOUN
cblr-1717	44	3	introduced	introduce	VERB
cblr-1717	44	4	new	new	ADJ
cblr-1717	44	5	measures	measure	NOUN
cblr-1717	44	6	demanding	demand	VERB
cblr-1717	44	7	more	more	ADV
cblr-1717	44	8	stringent	stringent	ADJ
cblr-1717	44	9	disclosure	disclosure	NOUN
cblr-1717	44	10	rules	rule	NOUN
cblr-1717	44	11	,	,	PUNCT
cblr-1717	44	12	including	include	VERB
cblr-1717	44	13	an	an	DET
cblr-1717	44	14	increased	increase	VERB
cblr-1717	44	15	ades	ade	NOUN
cblr-1717	44	16	-	-	PUNCT
cblr-1717	44	17	laurent	laurent	NOUN
cblr-1717	44	18	–	–	PUNCT
cblr-1717	45	1	final	final	ADJ
cblr-1717	45	2	350	350	NUM
cblr-1717	45	3	columbia	columbia	PROPN
cblr-1717	45	4	business	business	NOUN
cblr-1717	45	5	law	law	PROPN
cblr-1717	45	6	review	review	NOUN
cblr-1717	45	7	[	[	X
cblr-1717	45	8	vol	vol	NOUN
cblr-1717	45	9	.	.	NOUN
cblr-1717	45	10	2017	2017	NUM
cblr-1717	45	11	increased	increase	VERB
cblr-1717	45	12	following	follow	VERB
cblr-1717	45	13	the	the	DET
cblr-1717	45	14	2008	2008	NUM
cblr-1717	45	15	financial	financial	ADJ
cblr-1717	45	16	crisis	crisis	NOUN
cblr-1717	45	17	,	,	PUNCT
cblr-1717	45	18	as	as	SCONJ
cblr-1717	45	19	the	the	DET
cblr-1717	45	20	standard	standard	ADJ
cblr-1717	45	21	executive	executive	ADJ
cblr-1717	45	22	pay	pay	NOUN
cblr-1717	45	23	arrangements	arrangement	NOUN
cblr-1717	45	24	appeared	appear	VERB
cblr-1717	45	25	to	to	ADP
cblr-1717	45	26	both	both	PRON
cblr-1717	45	27	reward	reward	VERB
cblr-1717	45	28	executives	executive	NOUN
cblr-1717	45	29	for	for	ADP
cblr-1717	45	30	increases	increase	NOUN
cblr-1717	45	31	in	in	ADP
cblr-1717	45	32	short	short	ADJ
cblr-1717	45	33	-	-	PUNCT
cblr-1717	45	34	term	term	NOUN
cblr-1717	45	35	stock	stock	NOUN
cblr-1717	45	36	performance	performance	NOUN
cblr-1717	45	37	at	at	ADP
cblr-1717	45	38	the	the	DET
cblr-1717	45	39	cost	cost	NOUN
cblr-1717	45	40	of	of	ADP
cblr-1717	45	41	long	long	ADJ
cblr-1717	45	42	-	-	PUNCT
cblr-1717	45	43	term	term	NOUN
cblr-1717	45	44	value	value	NOUN
cblr-1717	45	45	and	and	CCONJ
cblr-1717	45	46	produce	produce	VERB
cblr-1717	45	47	incentives	incentive	NOUN
cblr-1717	45	48	for	for	ADP
cblr-1717	45	49	excessive	excessive	ADJ
cblr-1717	45	50	risks.7	risks.7	NOUN
cblr-1717	45	51	in	in	ADP
cblr-1717	45	52	response	response	NOUN
cblr-1717	45	53	,	,	PUNCT
cblr-1717	45	54	congress	congress	PROPN
cblr-1717	45	55	increased	increase	VERB
cblr-1717	45	56	disclosure	disclosure	NOUN
cblr-1717	45	57	requirements	requirement	NOUN
cblr-1717	45	58	for	for	ADP
cblr-1717	45	59	key	key	ADJ
cblr-1717	45	60	financial	financial	ADJ
cblr-1717	45	61	services	service	NOUN
cblr-1717	45	62	players	player	NOUN
cblr-1717	45	63	and	and	CCONJ
cblr-1717	45	64	regulators	regulator	NOUN
cblr-1717	45	65	through	through	ADP
cblr-1717	45	66	the	the	DET
cblr-1717	45	67	dodd	dodd	PROPN
cblr-1717	45	68	-	-	PUNCT
cblr-1717	45	69	frank	frank	PROPN
cblr-1717	45	70	act.8	act.8	PROPN
cblr-1717	45	71	today	today	NOUN
cblr-1717	45	72	,	,	PUNCT
cblr-1717	45	73	perceptions	perception	NOUN
cblr-1717	45	74	of	of	ADP
cblr-1717	45	75	the	the	DET
cblr-1717	45	76	response	response	NOUN
cblr-1717	45	77	to	to	ADP
cblr-1717	45	78	the	the	DET
cblr-1717	45	79	financial	financial	ADJ
cblr-1717	45	80	crisis	crisis	NOUN
cblr-1717	45	81	vary	vary	VERB
cblr-1717	45	82	.	.	PUNCT
cblr-1717	46	1	the	the	DET
cblr-1717	46	2	goal	goal	NOUN
cblr-1717	46	3	of	of	ADP
cblr-1717	46	4	corporate	corporate	ADJ
cblr-1717	46	5	governance	governance	NOUN
cblr-1717	46	6	reform	reform	NOUN
cblr-1717	46	7	,	,	PUNCT
cblr-1717	46	8	however	however	ADV
cblr-1717	46	9	,	,	PUNCT
cblr-1717	46	10	is	be	AUX
cblr-1717	46	11	undisputed	undisputed	ADJ
cblr-1717	46	12	:	:	PUNCT
cblr-1717	46	13	to	to	PART
cblr-1717	46	14	better	well	ADV
cblr-1717	46	15	align	align	VERB
cblr-1717	46	16	executive	executive	ADJ
cblr-1717	46	17	interests	interest	NOUN
cblr-1717	46	18	with	with	ADP
cblr-1717	46	19	those	those	PRON
cblr-1717	46	20	of	of	ADP
cblr-1717	46	21	shareholders.9	shareholders.9	NOUN
cblr-1717	46	22	many	many	ADJ
cblr-1717	46	23	academics,10	academics,10	NOUN
cblr-1717	46	24	economists,11	economists,11	NOUN
cblr-1717	46	25	and	and	CCONJ
cblr-1717	46	26	policy	policy	NOUN
cblr-1717	46	27	disclosure	disclosure	NOUN
cblr-1717	46	28	of	of	ADP
cblr-1717	46	29	off	off	ADP
cblr-1717	46	30	-	-	PUNCT
cblr-1717	46	31	balance	balance	NOUN
cblr-1717	46	32	-	-	PUNCT
cblr-1717	46	33	sheet	sheet	NOUN
cblr-1717	46	34	transactions	transaction	NOUN
cblr-1717	46	35	(	(	PUNCT
cblr-1717	46	36	§	§	NOUN
cblr-1717	46	37	401(j	401(j	NOUN
cblr-1717	46	38	)	)	PUNCT
cblr-1717	46	39	)	)	PUNCT
cblr-1717	46	40	,	,	PUNCT
cblr-1717	46	41	mandatory	mandatory	ADJ
cblr-1717	46	42	managerial	managerial	ADJ
cblr-1717	46	43	certification	certification	NOUN
cblr-1717	46	44	of	of	ADP
cblr-1717	46	45	periodic	periodic	ADJ
cblr-1717	46	46	reports	report	NOUN
cblr-1717	46	47	(	(	PUNCT
cblr-1717	46	48	§	§	NOUN
cblr-1717	46	49	302	302	NUM
cblr-1717	46	50	)	)	PUNCT
cblr-1717	46	51	,	,	PUNCT
cblr-1717	46	52	clawback	clawback	NOUN
cblr-1717	46	53	provisions	provision	NOUN
cblr-1717	46	54	for	for	ADP
cblr-1717	46	55	incentive	incentive	NOUN
cblr-1717	46	56	-	-	PUNCT
cblr-1717	46	57	based	base	VERB
cblr-1717	46	58	compensation	compensation	NOUN
cblr-1717	46	59	(	(	PUNCT
cblr-1717	46	60	§	§	PROPN
cblr-1717	46	61	304	304	NUM
cblr-1717	46	62	)	)	PUNCT
cblr-1717	46	63	,	,	PUNCT
cblr-1717	46	64	strengthened	strengthen	VERB
cblr-1717	46	65	independence	independence	NOUN
cblr-1717	46	66	of	of	ADP
cblr-1717	46	67	the	the	DET
cblr-1717	46	68	audit	audit	NOUN
cblr-1717	46	69	committee	committee	NOUN
cblr-1717	46	70	(	(	PUNCT
cblr-1717	46	71	§	§	PROPN
cblr-1717	46	72	301	301	NUM
cblr-1717	46	73	)	)	PUNCT
cblr-1717	46	74	,	,	PUNCT
cblr-1717	46	75	and	and	CCONJ
cblr-1717	46	76	enhanced	enhanced	ADJ
cblr-1717	46	77	requirements	requirement	NOUN
cblr-1717	46	78	regarding	regard	VERB
cblr-1717	46	79	auditor	auditor	NOUN
cblr-1717	46	80	oversight	oversight	NOUN
cblr-1717	46	81	and	and	CCONJ
cblr-1717	46	82	independence	independence	NOUN
cblr-1717	46	83	(	(	PUNCT
cblr-1717	46	84	§	§	PROPN
cblr-1717	46	85	101	101	NUM
cblr-1717	46	86	)	)	PUNCT
cblr-1717	46	87	.	.	PUNCT
cblr-1717	47	1	7	7	NUM
cblr-1717	47	2	see	see	VERB
cblr-1717	47	3	,	,	PUNCT
cblr-1717	47	4	e.g.	e.g.	ADV
cblr-1717	47	5	,	,	PUNCT
cblr-1717	47	6	lucian	lucian	PROPN
cblr-1717	47	7	a.	a.	PROPN
cblr-1717	47	8	bebchuk	bebchuk	PROPN
cblr-1717	47	9	&	&	CCONJ
cblr-1717	47	10	jesse	jesse	PROPN
cblr-1717	47	11	m.	m.	PROPN
cblr-1717	47	12	fried	fried	PROPN
cblr-1717	47	13	,	,	PUNCT
cblr-1717	47	14	paying	pay	VERB
cblr-1717	47	15	for	for	ADP
cblr-1717	47	16	longterm	longterm	ADJ
cblr-1717	47	17	performance	performance	NOUN
cblr-1717	47	18	,	,	PUNCT
cblr-1717	47	19	158	158	NUM
cblr-1717	47	20	u.	u.	PROPN
cblr-1717	47	21	pa	pa	PROPN
cblr-1717	47	22	.	.	PUNCT
cblr-1717	47	23	l.	l.	PROPN
cblr-1717	47	24	rev	rev	PROPN
cblr-1717	47	25	.	.	PROPN
cblr-1717	47	26	1915	1915	NUM
cblr-1717	47	27	,	,	PUNCT
cblr-1717	47	28	1916	1916	NUM
cblr-1717	47	29	-	-	SYM
cblr-1717	47	30	1918	1918	NUM
cblr-1717	47	31	(	(	PUNCT
cblr-1717	47	32	2010	2010	NUM
cblr-1717	47	33	)	)	PUNCT
cblr-1717	47	34	;	;	PUNCT
cblr-1717	47	35	john	john	PROPN
cblr-1717	47	36	c.	c.	PROPN
cblr-1717	47	37	bogle	bogle	PROPN
cblr-1717	47	38	,	,	PUNCT
cblr-1717	47	39	the	the	DET
cblr-1717	47	40	executive	executive	ADJ
cblr-1717	47	41	compensation	compensation	NOUN
cblr-1717	47	42	system	system	NOUN
cblr-1717	47	43	is	be	AUX
cblr-1717	47	44	broken	break	VERB
cblr-1717	47	45	,	,	PUNCT
cblr-1717	47	46	30	30	NUM
cblr-1717	47	47	j.	j.	PROPN
cblr-1717	47	48	corp	corp	PROPN
cblr-1717	47	49	.	.	PROPN
cblr-1717	47	50	l.	l.	PROPN
cblr-1717	47	51	761	761	NUM
cblr-1717	47	52	,	,	PUNCT
cblr-1717	47	53	764	764	NUM
cblr-1717	47	54	(	(	PUNCT
cblr-1717	47	55	2005	2005	NUM
cblr-1717	47	56	)	)	PUNCT
cblr-1717	47	57	(	(	PUNCT
cblr-1717	47	58	“	"	PUNCT
cblr-1717	47	59	too	too	ADV
cblr-1717	47	60	often	often	ADV
cblr-1717	47	61	.	.	PUNCT
cblr-1717	47	62	.	.	PUNCT
cblr-1717	47	63	.	.	PUNCT
cblr-1717	48	1	our	our	PRON
cblr-1717	48	2	focus	focus	NOUN
cblr-1717	48	3	is	be	AUX
cblr-1717	48	4	only	only	ADV
cblr-1717	48	5	on	on	ADP
cblr-1717	48	6	the	the	DET
cblr-1717	48	7	short	short	ADJ
cblr-1717	48	8	-	-	PUNCT
cblr-1717	48	9	term	term	NOUN
cblr-1717	48	10	,	,	PUNCT
cblr-1717	48	11	and	and	CCONJ
cblr-1717	48	12	governance	governance	NOUN
cblr-1717	48	13	is	be	AUX
cblr-1717	48	14	a	a	DET
cblr-1717	48	15	long	long	ADJ
cblr-1717	48	16	-	-	PUNCT
cblr-1717	48	17	term	term	NOUN
cblr-1717	48	18	issue	issue	NOUN
cblr-1717	48	19	”	"	PUNCT
cblr-1717	48	20	)	)	PUNCT
cblr-1717	48	21	.	.	PUNCT
cblr-1717	49	1	8	8	NUM
cblr-1717	49	2	see	see	VERB
cblr-1717	49	3	infra	infra	NOUN
cblr-1717	49	4	section	section	NOUN
cblr-1717	49	5	ii	ii	PROPN
cblr-1717	49	6	.	.	PROPN
cblr-1717	49	7	9	9	NUM
cblr-1717	49	8	the	the	DET
cblr-1717	49	9	board	board	NOUN
cblr-1717	49	10	of	of	ADP
cblr-1717	49	11	directors	director	NOUN
cblr-1717	49	12	is	be	AUX
cblr-1717	49	13	obligated	obligate	VERB
cblr-1717	49	14	to	to	PART
cblr-1717	49	15	act	act	VERB
cblr-1717	49	16	in	in	ADP
cblr-1717	49	17	the	the	DET
cblr-1717	49	18	interests	interest	NOUN
cblr-1717	49	19	of	of	ADP
cblr-1717	49	20	shareholders	shareholder	NOUN
cblr-1717	49	21	.	.	PUNCT
cblr-1717	50	1	del	del	PROPN
cblr-1717	50	2	.	.	PROPN
cblr-1717	50	3	code	code	PROPN
cblr-1717	50	4	ann	ann	PROPN
cblr-1717	50	5	.	.	PUNCT
cblr-1717	51	1	tit	tit	PROPN
cblr-1717	51	2	.	.	PROPN
cblr-1717	51	3	8	8	NUM
cblr-1717	51	4	§	§	PROPN
cblr-1717	51	5	141(a	141(a	PROPN
cblr-1717	51	6	)	)	PUNCT
cblr-1717	51	7	(	(	PUNCT
cblr-1717	51	8	1983	1983	NUM
cblr-1717	51	9	)	)	PUNCT
cblr-1717	51	10	.	.	PUNCT
cblr-1717	52	1	however	however	ADV
cblr-1717	52	2	,	,	PUNCT
cblr-1717	52	3	an	an	DET
cblr-1717	52	4	agency	agency	NOUN
cblr-1717	52	5	problem	problem	NOUN
cblr-1717	52	6	exists	exist	VERB
cblr-1717	52	7	because	because	SCONJ
cblr-1717	52	8	the	the	DET
cblr-1717	52	9	interests	interest	NOUN
cblr-1717	52	10	of	of	ADP
cblr-1717	52	11	shareholders	shareholder	NOUN
cblr-1717	52	12	and	and	CCONJ
cblr-1717	52	13	directors	director	NOUN
cblr-1717	52	14	frequently	frequently	ADV
cblr-1717	52	15	diverge	diverge	VERB
cblr-1717	52	16	.	.	PUNCT
cblr-1717	53	1	in	in	ADP
cblr-1717	53	2	public	public	ADJ
cblr-1717	53	3	companies	company	NOUN
cblr-1717	53	4	that	that	PRON
cblr-1717	53	5	lack	lack	VERB
cblr-1717	53	6	a	a	DET
cblr-1717	53	7	controlling	control	VERB
cblr-1717	53	8	shareholder	shareholder	NOUN
cblr-1717	53	9	,	,	PUNCT
cblr-1717	53	10	the	the	DET
cblr-1717	53	11	problem	problem	NOUN
cblr-1717	53	12	is	be	AUX
cblr-1717	53	13	especially	especially	ADV
cblr-1717	53	14	severe	severe	ADJ
cblr-1717	53	15	since	since	SCONJ
cblr-1717	53	16	directors	director	NOUN
cblr-1717	53	17	of	of	ADP
cblr-1717	53	18	these	these	DET
cblr-1717	53	19	companies	company	NOUN
cblr-1717	53	20	often	often	ADV
cblr-1717	53	21	only	only	ADV
cblr-1717	53	22	own	own	VERB
cblr-1717	53	23	a	a	DET
cblr-1717	53	24	small	small	ADJ
cblr-1717	53	25	fraction	fraction	NOUN
cblr-1717	53	26	of	of	ADP
cblr-1717	53	27	the	the	DET
cblr-1717	53	28	firm	firm	NOUN
cblr-1717	53	29	’s	’s	PART
cblr-1717	53	30	equity	equity	NOUN
cblr-1717	53	31	.	.	PUNCT
cblr-1717	54	1	see	see	VERB
cblr-1717	54	2	lucian	lucian	PROPN
cblr-1717	54	3	arye	arye	PROPN
cblr-1717	54	4	bebchuk	bebchuk	PROPN
cblr-1717	54	5	et	et	PROPN
cblr-1717	54	6	al	al	PROPN
cblr-1717	54	7	.	.	PROPN
cblr-1717	54	8	,	,	PUNCT
cblr-1717	54	9	managerial	managerial	ADJ
cblr-1717	54	10	power	power	NOUN
cblr-1717	54	11	and	and	CCONJ
cblr-1717	54	12	rent	rent	NOUN
cblr-1717	54	13	extraction	extraction	NOUN
cblr-1717	54	14	in	in	ADP
cblr-1717	54	15	the	the	DET
cblr-1717	54	16	design	design	NOUN
cblr-1717	54	17	of	of	ADP
cblr-1717	54	18	executive	executive	ADJ
cblr-1717	54	19	compensation	compensation	NOUN
cblr-1717	54	20	,	,	PUNCT
cblr-1717	54	21	69	69	NUM
cblr-1717	54	22	u.	u.	NOUN
cblr-1717	54	23	chi	chi	PROPN
cblr-1717	54	24	.	.	PUNCT
cblr-1717	55	1	l.	l.	PROPN
cblr-1717	55	2	rev	rev	PROPN
cblr-1717	55	3	.	.	PROPN
cblr-1717	55	4	751	751	NUM
cblr-1717	55	5	,	,	PUNCT
cblr-1717	55	6	761	761	NUM
cblr-1717	55	7	(	(	PUNCT
cblr-1717	55	8	2002	2002	NUM
cblr-1717	55	9	)	)	PUNCT
cblr-1717	55	10	;	;	PUNCT
cblr-1717	55	11	robert	robert	PROPN
cblr-1717	55	12	j.	j.	PROPN
cblr-1717	55	13	jackson	jackson	PROPN
cblr-1717	55	14	,	,	PUNCT
cblr-1717	55	15	jr	jr	PROPN
cblr-1717	55	16	.	.	PROPN
cblr-1717	55	17	,	,	PUNCT
cblr-1717	55	18	private	private	ADJ
cblr-1717	55	19	equity	equity	NOUN
cblr-1717	55	20	and	and	CCONJ
cblr-1717	55	21	executive	executive	NOUN
cblr-1717	55	22	compensation	compensation	NOUN
cblr-1717	55	23	,	,	PUNCT
cblr-1717	55	24	60	60	NUM
cblr-1717	55	25	ucla	ucla	PROPN
cblr-1717	55	26	l.	l.	PROPN
cblr-1717	55	27	rev	rev	PROPN
cblr-1717	55	28	.	.	PROPN
cblr-1717	55	29	638	638	NUM
cblr-1717	55	30	,	,	PUNCT
cblr-1717	55	31	641	641	NUM
cblr-1717	55	32	(	(	PUNCT
cblr-1717	55	33	2013	2013	NUM
cblr-1717	55	34	)	)	PUNCT
cblr-1717	55	35	.	.	PUNCT
cblr-1717	56	1	meanwhile	meanwhile	ADV
cblr-1717	56	2	,	,	PUNCT
cblr-1717	56	3	company	company	NOUN
cblr-1717	56	4	executives	executive	NOUN
cblr-1717	56	5	have	have	VERB
cblr-1717	56	6	substantial	substantial	ADJ
cblr-1717	56	7	power	power	NOUN
cblr-1717	56	8	over	over	ADP
cblr-1717	56	9	whether	whether	SCONJ
cblr-1717	56	10	the	the	DET
cblr-1717	56	11	directors	director	NOUN
cblr-1717	56	12	remain	remain	VERB
cblr-1717	56	13	on	on	ADP
cblr-1717	56	14	the	the	DET
cblr-1717	56	15	board	board	NOUN
cblr-1717	56	16	.	.	PUNCT
cblr-1717	57	1	simultaneously	simultaneously	ADV
cblr-1717	57	2	,	,	PUNCT
cblr-1717	57	3	most	most	ADJ
cblr-1717	57	4	shareholders	shareholder	NOUN
cblr-1717	57	5	own	own	VERB
cblr-1717	57	6	too	too	ADV
cblr-1717	57	7	small	small	ADJ
cblr-1717	57	8	an	an	DET
cblr-1717	57	9	interest	interest	NOUN
cblr-1717	57	10	in	in	ADP
cblr-1717	57	11	the	the	DET
cblr-1717	57	12	firm	firm	NOUN
cblr-1717	57	13	to	to	PART
cblr-1717	57	14	make	make	VERB
cblr-1717	57	15	monitoring	monitor	VERB
cblr-1717	57	16	the	the	DET
cblr-1717	57	17	decisions	decision	NOUN
cblr-1717	57	18	of	of	ADP
cblr-1717	57	19	directors	director	NOUN
cblr-1717	57	20	worthwhile	worthwhile	ADJ
cblr-1717	57	21	.	.	PUNCT
cblr-1717	58	1	i	i	PRON
cblr-1717	58	2	d.	d.	PROPN
cblr-1717	58	3	thus	thus	ADV
cblr-1717	58	4	,	,	PUNCT
cblr-1717	58	5	there	there	PRON
cblr-1717	58	6	is	be	VERB
cblr-1717	58	7	thus	thus	ADV
cblr-1717	58	8	an	an	DET
cblr-1717	58	9	agency	agency	NOUN
cblr-1717	58	10	problem	problem	NOUN
cblr-1717	58	11	inherent	inherent	ADJ
cblr-1717	58	12	in	in	ADP
cblr-1717	58	13	the	the	DET
cblr-1717	58	14	structure	structure	NOUN
cblr-1717	58	15	of	of	ADP
cblr-1717	58	16	corporations	corporation	NOUN
cblr-1717	58	17	since	since	SCONJ
cblr-1717	58	18	directors	director	NOUN
cblr-1717	58	19	have	have	VERB
cblr-1717	58	20	incentives	incentive	NOUN
cblr-1717	58	21	to	to	PART
cblr-1717	58	22	favor	favor	VERB
cblr-1717	58	23	executive	executive	ADJ
cblr-1717	58	24	interests	interest	NOUN
cblr-1717	58	25	over	over	ADP
cblr-1717	58	26	shareholder	shareholder	NOUN
cblr-1717	58	27	interests	interest	NOUN
cblr-1717	58	28	.	.	PUNCT
cblr-1717	59	1	10	10	NUM
cblr-1717	59	2	see	see	VERB
cblr-1717	59	3	,	,	PUNCT
cblr-1717	59	4	e.g.	e.g.	ADV
cblr-1717	59	5	,	,	PUNCT
cblr-1717	59	6	bebchuk	bebchuk	PROPN
cblr-1717	59	7	&	&	CCONJ
cblr-1717	59	8	fried	fried	PROPN
cblr-1717	59	9	,	,	PUNCT
cblr-1717	59	10	supra	supra	PROPN
cblr-1717	59	11	note	note	PROPN
cblr-1717	59	12	7	7	NUM
cblr-1717	59	13	;	;	PUNCT
cblr-1717	59	14	bebchuk	bebchuk	NOUN
cblr-1717	59	15	&	&	CCONJ
cblr-1717	59	16	grinstein	grinstein	PROPN
cblr-1717	59	17	,	,	PUNCT
cblr-1717	59	18	supra	supra	PROPN
cblr-1717	59	19	note	note	NOUN
cblr-1717	59	20	4	4	NUM
cblr-1717	59	21	.	.	SYM
cblr-1717	59	22	11	11	NUM
cblr-1717	59	23	see	see	VERB
cblr-1717	59	24	john	john	PROPN
cblr-1717	59	25	e.	e.	PROPN
cblr-1717	59	26	core	core	PROPN
cblr-1717	59	27	&	&	CCONJ
cblr-1717	59	28	wayne	wayne	PROPN
cblr-1717	59	29	r.	r.	PROPN
cblr-1717	59	30	guay	guay	PROPN
cblr-1717	59	31	,	,	PUNCT
cblr-1717	59	32	is	be	AUX
cblr-1717	59	33	u.s	u.s	PROPN
cblr-1717	59	34	.	.	PROPN
cblr-1717	59	35	ceo	ceo	PROPN
cblr-1717	59	36	compensation	compensation	NOUN
cblr-1717	59	37	broken	break	VERB
cblr-1717	59	38	?	?	PUNCT
cblr-1717	59	39	,	,	PUNCT
cblr-1717	60	1	17	17	NUM
cblr-1717	60	2	j.	j.	PROPN
cblr-1717	60	3	app	app	PROPN
cblr-1717	60	4	.	.	PROPN
cblr-1717	60	5	corp	corp	PROPN
cblr-1717	60	6	.	.	PROPN
cblr-1717	60	7	fin	fin	PROPN
cblr-1717	60	8	.	.	PUNCT
cblr-1717	61	1	96	96	NUM
cblr-1717	61	2	,	,	PUNCT
cblr-1717	61	3	97	97	NUM
cblr-1717	61	4	(	(	PUNCT
cblr-1717	61	5	2005	2005	NUM
cblr-1717	61	6	)	)	PUNCT
cblr-1717	61	7	(	(	PUNCT
cblr-1717	61	8	discussing	discuss	VERB
cblr-1717	61	9	incentives	incentive	NOUN
cblr-1717	61	10	to	to	PART
cblr-1717	61	11	increase	increase	VERB
cblr-1717	61	12	corporate	corporate	ADJ
cblr-1717	61	13	efficiency	efficiency	NOUN
cblr-1717	61	14	and	and	CCONJ
cblr-1717	61	15	value	value	NOUN
cblr-1717	61	16	,	,	PUNCT
cblr-1717	61	17	ceos	ceos	NOUN
cblr-1717	61	18	“	"	PUNCT
cblr-1717	61	19	have[e	have[e	X
cblr-1717	61	20	]	]	X
cblr-1717	61	21	greater	great	ADJ
cblr-1717	61	22	incentives	incentive	NOUN
cblr-1717	61	23	[	[	X
cblr-1717	61	24	to	to	PART
cblr-1717	61	25	increase	increase	VERB
cblr-1717	61	26	corporate	corporate	ADJ
cblr-1717	61	27	efficiency	efficiency	NOUN
cblr-1717	61	28	and	and	CCONJ
cblr-1717	61	29	value	value	NOUN
cblr-1717	61	30	]	]	PUNCT
cblr-1717	61	31	when	when	SCONJ
cblr-1717	61	32	his	his	PRON
cblr-1717	61	33	or	or	CCONJ
cblr-1717	61	34	her	her	PRON
cblr-1717	61	35	wealth	wealth	NOUN
cblr-1717	61	36	is	be	AUX
cblr-1717	61	37	more	more	ADJ
cblr-1717	61	38	ades	ade	NOUN
cblr-1717	61	39	-	-	PUNCT
cblr-1717	61	40	laurent	laurent	NOUN
cblr-1717	61	41	–	–	PUNCT
cblr-1717	61	42	final	final	ADJ
cblr-1717	61	43	no	no	NOUN
cblr-1717	61	44	.	.	PUNCT
cblr-1717	62	1	1:347	1:347	NUM
cblr-1717	62	2	]	]	PUNCT
cblr-1717	62	3	disappearing	disappear	VERB
cblr-1717	62	4	stock	stock	NOUN
cblr-1717	62	5	options	option	NOUN
cblr-1717	62	6	351	351	NUM
cblr-1717	62	7	makers12	makers12	NOUN
cblr-1717	62	8	agree	agree	VERB
cblr-1717	62	9	that	that	SCONJ
cblr-1717	62	10	executive	executive	ADJ
cblr-1717	62	11	compensation	compensation	NOUN
cblr-1717	62	12	packages	package	NOUN
cblr-1717	62	13	should	should	AUX
cblr-1717	62	14	include	include	VERB
cblr-1717	62	15	an	an	DET
cblr-1717	62	16	equity	equity	NOUN
cblr-1717	62	17	component	component	NOUN
cblr-1717	62	18	that	that	PRON
cblr-1717	62	19	links	link	NOUN
cblr-1717	62	20	pay	pay	VERB
cblr-1717	62	21	to	to	ADP
cblr-1717	62	22	firm	firm	ADJ
cblr-1717	62	23	performance	performance	NOUN
cblr-1717	62	24	.	.	PUNCT
cblr-1717	63	1	yet	yet	CCONJ
cblr-1717	63	2	options	option	NOUN
cblr-1717	63	3	and	and	CCONJ
cblr-1717	63	4	stock	stock	NOUN
cblr-1717	63	5	grants	grant	NOUN
cblr-1717	63	6	function	function	VERB
cblr-1717	63	7	very	very	ADV
cblr-1717	63	8	differently	differently	ADV
cblr-1717	63	9	in	in	ADP
cblr-1717	63	10	terms	term	NOUN
cblr-1717	63	11	of	of	ADP
cblr-1717	63	12	incentives	incentive	NOUN
cblr-1717	63	13	and	and	CCONJ
cblr-1717	63	14	risk.13	risk.13	NOUN
cblr-1717	63	15	for	for	ADP
cblr-1717	63	16	a	a	DET
cblr-1717	63	17	variety	variety	NOUN
cblr-1717	63	18	of	of	ADP
cblr-1717	63	19	reasons	reason	NOUN
cblr-1717	63	20	,	,	PUNCT
cblr-1717	63	21	options	option	NOUN
cblr-1717	63	22	are	be	AUX
cblr-1717	63	23	associated	associate	VERB
cblr-1717	63	24	with	with	ADP
cblr-1717	63	25	heavier	heavy	ADJ
cblr-1717	63	26	risk	risk	NOUN
cblr-1717	63	27	-	-	PUNCT
cblr-1717	63	28	taking	taking	NOUN
cblr-1717	63	29	,	,	PUNCT
cblr-1717	63	30	which	which	PRON
cblr-1717	63	31	some	some	PRON
cblr-1717	63	32	in	in	ADP
cblr-1717	63	33	washington	washington	PROPN
cblr-1717	63	34	and	and	CCONJ
cblr-1717	63	35	academia	academia	PROPN
cblr-1717	63	36	believe	believe	VERB
cblr-1717	63	37	led	lead	VERB
cblr-1717	63	38	to	to	ADP
cblr-1717	63	39	the	the	DET
cblr-1717	63	40	recent	recent	ADJ
cblr-1717	63	41	financial	financial	ADJ
cblr-1717	63	42	crisis.14	crisis.14	NOUN
cblr-1717	63	43	in	in	ADP
cblr-1717	63	44	response	response	NOUN
cblr-1717	63	45	,	,	PUNCT
cblr-1717	63	46	companies	company	NOUN
cblr-1717	63	47	impel	impel	VERB
cblr-1717	63	48	more	more	ADJ
cblr-1717	63	49	conservative	conservative	ADJ
cblr-1717	63	50	behavior	behavior	NOUN
cblr-1717	63	51	through	through	ADP
cblr-1717	63	52	executive	executive	ADJ
cblr-1717	63	53	pay	pay	NOUN
cblr-1717	63	54	,	,	PUNCT
cblr-1717	63	55	including	include	VERB
cblr-1717	63	56	an	an	DET
cblr-1717	63	57	increased	increase	VERB
cblr-1717	63	58	vesting	vesting	NOUN
cblr-1717	63	59	period	period	NOUN
cblr-1717	63	60	for	for	ADP
cblr-1717	63	61	equity	equity	NOUN
cblr-1717	63	62	pay	pay	NOUN
cblr-1717	63	63	and	and	CCONJ
cblr-1717	63	64	a	a	DET
cblr-1717	63	65	greater	great	ADJ
cblr-1717	63	66	use	use	NOUN
cblr-1717	63	67	of	of	ADP
cblr-1717	63	68	restricted	restricted	ADJ
cblr-1717	63	69	stock	stock	NOUN
cblr-1717	63	70	compared	compare	VERB
cblr-1717	63	71	to	to	ADP
cblr-1717	63	72	options.15	options.15	NOUN
cblr-1717	63	73	this	this	DET
cblr-1717	63	74	note	note	NOUN
cblr-1717	63	75	presents	present	VERB
cblr-1717	63	76	the	the	DET
cblr-1717	63	77	first	first	ADJ
cblr-1717	63	78	comprehensive	comprehensive	ADJ
cblr-1717	63	79	study	study	NOUN
cblr-1717	63	80	of	of	ADP
cblr-1717	63	81	the	the	DET
cblr-1717	63	82	transformation	transformation	NOUN
cblr-1717	63	83	of	of	ADP
cblr-1717	63	84	senior	senior	ADJ
cblr-1717	63	85	executive	executive	ADJ
cblr-1717	63	86	pay	pay	NOUN
cblr-1717	63	87	in	in	ADP
cblr-1717	63	88	public	public	ADJ
cblr-1717	63	89	companies	company	NOUN
cblr-1717	63	90	in	in	ADP
cblr-1717	63	91	the	the	DET
cblr-1717	63	92	years	year	NOUN
cblr-1717	63	93	after	after	SCONJ
cblr-1717	63	94	the	the	DET
cblr-1717	63	95	financial	financial	ADJ
cblr-1717	63	96	crisis.16	crisis.16	PROPN
cblr-1717	63	97	the	the	DET
cblr-1717	63	98	data	datum	NOUN
cblr-1717	63	99	presented	present	VERB
cblr-1717	63	100	here	here	ADV
cblr-1717	63	101	suggest	suggest	VERB
cblr-1717	63	102	that	that	SCONJ
cblr-1717	63	103	both	both	DET
cblr-1717	63	104	executives	executive	NOUN
cblr-1717	63	105	and	and	CCONJ
cblr-1717	63	106	boards	board	NOUN
cblr-1717	63	107	of	of	ADP
cblr-1717	63	108	public	public	ADJ
cblr-1717	63	109	sensitive	sensitive	ADJ
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cblr-1717	64	5	compensation	compensation	NOUN
cblr-1717	64	6	restrictions	restriction	NOUN
cblr-1717	64	7	:	:	PUNCT
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cblr-1717	64	13	panel	panel	NOUN
cblr-1717	64	14	,	,	PUNCT
cblr-1717	64	15	111th	111th	ADJ
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cblr-1717	64	17	.	.	PUNCT
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cblr-1717	65	2	(	(	PUNCT
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cblr-1717	65	4	)	)	PUNCT
cblr-1717	65	5	,	,	PUNCT
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cblr-1717	66	5	(	(	PUNCT
cblr-1717	66	6	statement	statement	NOUN
cblr-1717	66	7	of	of	ADP
cblr-1717	66	8	kenneth	kenneth	PROPN
cblr-1717	66	9	r.	r.	PROPN
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cblr-1717	66	11	,	,	PUNCT
cblr-1717	66	12	special	special	ADJ
cblr-1717	66	13	master	master	NOUN
cblr-1717	66	14	for	for	ADP
cblr-1717	66	15	tarp	tarp	NOUN
cblr-1717	66	16	executive	executive	NOUN
cblr-1717	66	17	compensation	compensation	NOUN
cblr-1717	66	18	,	,	PUNCT
cblr-1717	66	19	june	june	PROPN
cblr-1717	66	20	2009	2009	NUM
cblr-1717	66	21	through	through	ADP
cblr-1717	66	22	september	september	PROPN
cblr-1717	66	23	2010	2010	NUM
cblr-1717	66	24	)	)	PUNCT
cblr-1717	66	25	(	(	PUNCT
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cblr-1717	66	28	“	"	PUNCT
cblr-1717	66	29	[	[	X
cblr-1717	66	30	v]ery	v]ery	ADV
cblr-1717	66	31	important	important	ADJ
cblr-1717	66	32	that	that	SCONJ
cblr-1717	66	33	compensation	compensation	NOUN
cblr-1717	66	34	be	be	AUX
cblr-1717	66	35	spread	spread	VERB
cblr-1717	66	36	and	and	CCONJ
cblr-1717	66	37	not	not	PART
cblr-1717	66	38	be	be	AUX
cblr-1717	66	39	guaranteed	guarantee	VERB
cblr-1717	66	40	and	and	CCONJ
cblr-1717	66	41	be	be	AUX
cblr-1717	66	42	tied	tie	VERB
cblr-1717	66	43	to	to	ADP
cblr-1717	66	44	the	the	DET
cblr-1717	66	45	overall	overall	ADJ
cblr-1717	66	46	performance	performance	NOUN
cblr-1717	66	47	of	of	ADP
cblr-1717	66	48	the	the	DET
cblr-1717	66	49	company	company	NOUN
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cblr-1717	66	51	the	the	DET
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cblr-1717	66	55	”	"	PUNCT
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cblr-1717	66	57	.	.	PUNCT
cblr-1717	67	1	13	13	NUM
cblr-1717	67	2	see	see	VERB
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cblr-1717	67	4	section	section	NOUN
cblr-1717	67	5	iii	iii	PROPN
cblr-1717	67	6	.	.	PROPN
cblr-1717	67	7	14	14	NUM
cblr-1717	67	8	see	see	VERB
cblr-1717	67	9	,	,	PUNCT
cblr-1717	67	10	e.g.	e.g.	ADV
cblr-1717	67	11	,	,	PUNCT
cblr-1717	67	12	murphy	murphy	PROPN
cblr-1717	67	13	,	,	PUNCT
cblr-1717	67	14	supra	supra	PROPN
cblr-1717	67	15	note	note	PROPN
cblr-1717	67	16	7	7	NUM
cblr-1717	67	17	,	,	PUNCT
cblr-1717	67	18	at	at	ADP
cblr-1717	67	19	851	851	NUM
cblr-1717	67	20	;	;	PUNCT
cblr-1717	67	21	david	david	PROPN
cblr-1717	67	22	i.	i.	PROPN
cblr-1717	67	23	walker	walker	PROPN
cblr-1717	67	24	,	,	PUNCT
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cblr-1717	67	26	challenge	challenge	NOUN
cblr-1717	67	27	of	of	ADP
cblr-1717	67	28	improving	improve	VERB
cblr-1717	67	29	the	the	DET
cblr-1717	67	30	long	long	ADJ
cblr-1717	67	31	-	-	PUNCT
cblr-1717	67	32	term	term	NOUN
cblr-1717	67	33	focus	focus	NOUN
cblr-1717	67	34	of	of	ADP
cblr-1717	67	35	executive	executive	ADJ
cblr-1717	67	36	pay	pay	NOUN
cblr-1717	67	37	,	,	PUNCT
cblr-1717	67	38	51	51	NUM
cblr-1717	67	39	b.c	b.c	PROPN
cblr-1717	67	40	.	.	PROPN
cblr-1717	67	41	l.	l.	PROPN
cblr-1717	67	42	rev	rev	PROPN
cblr-1717	67	43	.	.	PROPN
cblr-1717	67	44	435	435	NUM
cblr-1717	67	45	,	,	PUNCT
cblr-1717	67	46	at	at	ADP
cblr-1717	67	47	438	438	NUM
cblr-1717	67	48	,	,	PUNCT
cblr-1717	67	49	440	440	NUM
cblr-1717	67	50	,	,	PUNCT
cblr-1717	67	51	443	443	NUM
cblr-1717	67	52	(	(	PUNCT
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cblr-1717	67	54	)	)	PUNCT
cblr-1717	67	55	;	;	PUNCT
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cblr-1717	67	58	-	-	PUNCT
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cblr-1717	67	60	,	,	PUNCT
cblr-1717	67	61	the	the	DET
cblr-1717	67	62	risks	risk	NOUN
cblr-1717	67	63	of	of	ADP
cblr-1717	67	64	reward	reward	NOUN
cblr-1717	67	65	:	:	PUNCT
cblr-1717	67	66	the	the	DET
cblr-1717	67	67	role	role	NOUN
cblr-1717	67	68	of	of	ADP
cblr-1717	67	69	executive	executive	ADJ
cblr-1717	67	70	compensation	compensation	NOUN
cblr-1717	67	71	in	in	ADP
cblr-1717	67	72	financial	financial	ADJ
cblr-1717	67	73	crisis	crisis	NOUN
cblr-1717	67	74	,	,	PUNCT
cblr-1717	67	75	6	6	NUM
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cblr-1717	67	77	.	.	PUNCT
cblr-1717	67	78	l.	l.	PROPN
cblr-1717	67	79	&	&	CCONJ
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cblr-1717	67	81	.	.	PUNCT
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cblr-1717	68	4	,	,	PUNCT
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cblr-1717	68	6	(	(	PUNCT
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cblr-1717	68	9	;	;	PUNCT
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cblr-1717	68	15	,	,	PUNCT
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cblr-1717	68	19	:	:	PUNCT
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cblr-1717	68	22	of	of	ADP
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cblr-1717	68	24	on	on	ADP
cblr-1717	68	25	risk	risk	NOUN
cblr-1717	68	26	taking	taking	NOUN
cblr-1717	68	27	,	,	PUNCT
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cblr-1717	68	39	;	;	PUNCT
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cblr-1717	68	42	,	,	PUNCT
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cblr-1717	68	44	.	.	PUNCT
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cblr-1717	69	3	,	,	PUNCT
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cblr-1717	69	5	oversight	oversight	NOUN
cblr-1717	69	6	panel	panel	NOUN
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cblr-1717	69	8	executive	executive	PROPN
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cblr-1717	69	10	restrictions	restriction	NOUN
cblr-1717	69	11	in	in	ADP
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cblr-1717	69	17	(	(	PUNCT
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cblr-1717	69	24	,	,	PUNCT
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cblr-1717	69	30	.	.	PUNCT
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cblr-1717	70	3	,	,	PUNCT
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cblr-1717	70	7	,	,	PUNCT
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cblr-1717	70	32	note	note	NOUN
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cblr-1717	71	16	”	"	PUNCT
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cblr-1717	71	18	,	,	PUNCT
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cblr-1717	71	22	(	(	PUNCT
cblr-1717	71	23	“	"	PUNCT
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cblr-1717	71	25	”	"	PUNCT
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cblr-1717	71	27	,	,	PUNCT
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cblr-1717	71	35	other	other	ADJ
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cblr-1717	71	49	for	for	ADP
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cblr-1717	71	51	.	.	PUNCT
cblr-1717	72	1	see	see	VERB
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cblr-1717	72	5	.	.	PUNCT
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cblr-1717	73	2	-	-	PUNCT
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cblr-1717	74	1	[	[	X
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cblr-1717	74	3	.	.	NOUN
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cblr-1717	76	11	-	-	PUNCT
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cblr-1717	76	21	.	.	PUNCT
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cblr-1717	79	8	relationship	relationship	NOUN
cblr-1717	79	9	between	between	ADP
cblr-1717	79	10	equity	equity	NOUN
cblr-1717	79	11	compensation	compensation	NOUN
cblr-1717	79	12	and	and	CCONJ
cblr-1717	79	13	corporate	corporate	ADJ
cblr-1717	79	14	risk	risk	NOUN
cblr-1717	79	15	-	-	PUNCT
cblr-1717	79	16	taking	taking	NOUN
cblr-1717	79	17	.	.	PUNCT
cblr-1717	80	1	they	they	PRON
cblr-1717	80	2	also	also	ADV
cblr-1717	80	3	offer	offer	VERB
cblr-1717	80	4	lessons	lesson	NOUN
cblr-1717	80	5	to	to	ADP
cblr-1717	80	6	the	the	DET
cblr-1717	80	7	regulators	regulator	NOUN
cblr-1717	80	8	now	now	ADV
cblr-1717	80	9	charged	charge	VERB
cblr-1717	80	10	with	with	ADP
cblr-1717	80	11	writing	write	VERB
cblr-1717	80	12	new	new	ADJ
cblr-1717	80	13	rules	rule	NOUN
cblr-1717	80	14	of	of	ADP
cblr-1717	80	15	public	public	ADJ
cblr-1717	80	16	company	company	NOUN
cblr-1717	80	17	executive	executive	NOUN
cblr-1717	80	18	pay	pay	NOUN
cblr-1717	80	19	.	.	PUNCT
cblr-1717	81	1	this	this	DET
cblr-1717	81	2	note	note	NOUN
cblr-1717	81	3	proceeds	proceed	NOUN
cblr-1717	81	4	as	as	SCONJ
cblr-1717	81	5	follows	follow	VERB
cblr-1717	81	6	.	.	PUNCT
cblr-1717	82	1	section	section	NOUN
cblr-1717	82	2	i	i	PRON
cblr-1717	82	3	summarizes	summarize	VERB
cblr-1717	82	4	the	the	DET
cblr-1717	82	5	rise	rise	NOUN
cblr-1717	82	6	in	in	ADP
cblr-1717	82	7	the	the	DET
cblr-1717	82	8	use	use	NOUN
cblr-1717	82	9	of	of	ADP
cblr-1717	82	10	option	option	NOUN
cblr-1717	82	11	-	-	PUNCT
cblr-1717	82	12	based	base	VERB
cblr-1717	82	13	compensation	compensation	NOUN
cblr-1717	82	14	and	and	CCONJ
cblr-1717	82	15	discusses	discuss	VERB
cblr-1717	82	16	congressional	congressional	ADJ
cblr-1717	82	17	and	and	CCONJ
cblr-1717	82	18	regulatory	regulatory	ADJ
cblr-1717	82	19	pay	pay	NOUN
cblr-1717	82	20	policies	policy	NOUN
cblr-1717	82	21	over	over	ADP
cblr-1717	82	22	the	the	DET
cblr-1717	82	23	last	last	ADJ
cblr-1717	82	24	two	two	NUM
cblr-1717	82	25	decades	decade	NOUN
cblr-1717	82	26	.	.	PUNCT
cblr-1717	83	1	section	section	NOUN
cblr-1717	83	2	ii	ii	PROPN
cblr-1717	83	3	presents	present	VERB
cblr-1717	83	4	data	datum	NOUN
cblr-1717	83	5	on	on	ADP
cblr-1717	83	6	the	the	DET
cblr-1717	83	7	composition	composition	NOUN
cblr-1717	83	8	of	of	ADP
cblr-1717	83	9	executive	executive	ADJ
cblr-1717	83	10	equity	equity	NOUN
cblr-1717	83	11	pay	pay	NOUN
cblr-1717	83	12	packages	package	NOUN
cblr-1717	83	13	in	in	ADP
cblr-1717	83	14	public	public	ADJ
cblr-1717	83	15	companies	company	NOUN
cblr-1717	83	16	from	from	ADP
cblr-1717	83	17	2006	2006	NUM
cblr-1717	83	18	to	to	ADP
cblr-1717	83	19	2014	2014	NUM
cblr-1717	83	20	.	.	PUNCT
cblr-1717	84	1	section	section	NOUN
cblr-1717	84	2	iii	iii	PROPN
cblr-1717	84	3	discusses	discuss	VERB
cblr-1717	84	4	the	the	DET
cblr-1717	84	5	implications	implication	NOUN
cblr-1717	84	6	of	of	ADP
cblr-1717	84	7	this	this	DET
cblr-1717	84	8	study	study	NOUN
cblr-1717	84	9	’s	’s	PART
cblr-1717	84	10	findings	finding	NOUN
cblr-1717	84	11	for	for	ADP
cblr-1717	84	12	the	the	DET
cblr-1717	84	13	current	current	ADJ
cblr-1717	84	14	debate	debate	NOUN
cblr-1717	84	15	over	over	ADP
cblr-1717	84	16	corporate	corporate	ADJ
cblr-1717	84	17	governance	governance	NOUN
cblr-1717	84	18	policies	policy	NOUN
cblr-1717	84	19	surrounding	surround	VERB
cblr-1717	84	20	executive	executive	ADJ
cblr-1717	84	21	pay	pay	NOUN
cblr-1717	84	22	at	at	ADP
cblr-1717	84	23	public	public	ADJ
cblr-1717	84	24	companies	company	NOUN
cblr-1717	84	25	.	.	PUNCT
cblr-1717	85	1	ii	ii	PROPN
cblr-1717	85	2	.	.	PUNCT
cblr-1717	86	1	federal	federal	ADJ
cblr-1717	86	2	responses	response	NOUN
cblr-1717	86	3	to	to	ADP
cblr-1717	86	4	the	the	DET
cblr-1717	86	5	use	use	NOUN
cblr-1717	86	6	of	of	ADP
cblr-1717	86	7	options	option	NOUN
cblr-1717	86	8	in	in	ADP
cblr-1717	86	9	executive	executive	ADJ
cblr-1717	86	10	compensation	compensation	NOUN
cblr-1717	86	11	in	in	ADP
cblr-1717	86	12	1992	1992	NUM
cblr-1717	86	13	,	,	PUNCT
cblr-1717	86	14	average	average	ADJ
cblr-1717	86	15	ceo	ceo	NOUN
cblr-1717	86	16	compensation	compensation	NOUN
cblr-1717	86	17	was	be	AUX
cblr-1717	86	18	$	$	SYM
cblr-1717	86	19	2.3	2.3	NUM
cblr-1717	86	20	million.17	million.17	NOUN
cblr-1717	86	21	just	just	ADV
cblr-1717	86	22	over	over	ADP
cblr-1717	86	23	ten	ten	NUM
cblr-1717	86	24	years	year	NOUN
cblr-1717	86	25	later	later	ADV
cblr-1717	86	26	,	,	PUNCT
cblr-1717	86	27	in	in	ADP
cblr-1717	86	28	2005	2005	NUM
cblr-1717	86	29	,	,	PUNCT
cblr-1717	86	30	average	average	ADJ
cblr-1717	86	31	ceo	ceo	NOUN
cblr-1717	86	32	compensation	compensation	NOUN
cblr-1717	86	33	had	have	AUX
cblr-1717	86	34	more	more	ADV
cblr-1717	86	35	than	than	ADP
cblr-1717	86	36	doubled	double	VERB
cblr-1717	86	37	to	to	ADP
cblr-1717	86	38	$	$	SYM
cblr-1717	86	39	5.5	5.5	NUM
cblr-1717	86	40	million.18	million.18	X
cblr-1717	86	41	the	the	DET
cblr-1717	86	42	rapid	rapid	ADJ
cblr-1717	86	43	rise	rise	NOUN
cblr-1717	86	44	in	in	ADP
cblr-1717	86	45	ceo	ceo	NOUN
cblr-1717	86	46	compensation	compensation	NOUN
cblr-1717	86	47	correlates	correlate	VERB
cblr-1717	86	48	neatly	neatly	ADV
cblr-1717	86	49	with	with	ADP
cblr-1717	86	50	the	the	DET
cblr-1717	86	51	growing	grow	VERB
cblr-1717	86	52	use	use	NOUN
cblr-1717	86	53	of	of	ADP
cblr-1717	86	54	stock	stock	NOUN
cblr-1717	86	55	options	option	NOUN
cblr-1717	86	56	as	as	ADP
cblr-1717	86	57	a	a	DET
cblr-1717	86	58	percentage	percentage	NOUN
cblr-1717	86	59	of	of	ADP
cblr-1717	86	60	that	that	DET
cblr-1717	86	61	compensation.19	compensation.19	NOUN
cblr-1717	86	62	the	the	DET
cblr-1717	86	63	numbers	number	NOUN
cblr-1717	86	64	for	for	ADP
cblr-1717	86	65	executives	executive	NOUN
cblr-1717	86	66	at	at	ADP
cblr-1717	86	67	standard	standard	PROPN
cblr-1717	86	68	&	&	CCONJ
cblr-1717	86	69	poor	poor	ADJ
cblr-1717	86	70	(	(	PUNCT
cblr-1717	86	71	“	"	PUNCT
cblr-1717	86	72	s&p	s&p	PROPN
cblr-1717	86	73	”	"	PUNCT
cblr-1717	86	74	)	)	PUNCT
cblr-1717	86	75	500	500	NUM
cblr-1717	86	76	companies	company	NOUN
cblr-1717	86	77	soared	soar	VERB
cblr-1717	86	78	at	at	ADP
cblr-1717	86	79	an	an	DET
cblr-1717	86	80	even	even	ADV
cblr-1717	86	81	more	more	ADV
cblr-1717	86	82	staggering	staggering	ADJ
cblr-1717	86	83	rate.20	rate.20	NOUN
cblr-1717	86	84	this	this	DET
cblr-1717	86	85	section	section	NOUN
cblr-1717	86	86	will	will	AUX
cblr-1717	86	87	focus	focus	VERB
cblr-1717	86	88	on	on	ADP
cblr-1717	86	89	several	several	ADJ
cblr-1717	86	90	broadreaching	broadreaching	NOUN
cblr-1717	86	91	reforms	reform	NOUN
cblr-1717	86	92	in	in	ADP
cblr-1717	86	93	the	the	DET
cblr-1717	86	94	past	past	ADJ
cblr-1717	86	95	two	two	NUM
cblr-1717	86	96	decades	decade	NOUN
cblr-1717	86	97	that	that	SCONJ
cblr-1717	86	98	congress	congress	PROPN
cblr-1717	86	99	and	and	CCONJ
cblr-1717	86	100	17	17	NUM
cblr-1717	86	101	posner	posner	NOUN
cblr-1717	86	102	,	,	PUNCT
cblr-1717	86	103	supra	supra	PROPN
cblr-1717	86	104	note	note	NOUN
cblr-1717	86	105	3	3	NUM
cblr-1717	86	106	,	,	PUNCT
cblr-1717	86	107	at	at	ADP
cblr-1717	86	108	1021	1021	NUM
cblr-1717	86	109	.	.	PUNCT
cblr-1717	87	1	18	18	NUM
cblr-1717	87	2	i	i	PROPN
cblr-1717	87	3	d.	d.	PROPN
cblr-1717	87	4	at	at	ADP
cblr-1717	87	5	1022	1022	NUM
cblr-1717	87	6	.	.	PUNCT
cblr-1717	88	1	19	19	NUM
cblr-1717	88	2	bebchuk	bebchuk	NOUN
cblr-1717	88	3	et	et	PROPN
cblr-1717	88	4	al	al	PROPN
cblr-1717	88	5	.	.	PROPN
cblr-1717	88	6	,	,	PUNCT
cblr-1717	88	7	supra	supra	PROPN
cblr-1717	88	8	note	note	NOUN
cblr-1717	88	9	9	9	NUM
cblr-1717	88	10	.	.	SYM
cblr-1717	88	11	20	20	NUM
cblr-1717	88	12	see	see	VERB
cblr-1717	88	13	,	,	PUNCT
cblr-1717	88	14	e.g.	e.g.	ADV
cblr-1717	88	15	,	,	PUNCT
cblr-1717	88	16	william	william	PROPN
cblr-1717	88	17	w.	w.	PROPN
cblr-1717	88	18	bratton	bratton	PROPN
cblr-1717	88	19	,	,	PUNCT
cblr-1717	88	20	the	the	DET
cblr-1717	88	21	academic	academic	ADJ
cblr-1717	88	22	tournament	tournament	NOUN
cblr-1717	88	23	over	over	ADP
cblr-1717	88	24	executive	executive	ADJ
cblr-1717	88	25	compensation	compensation	NOUN
cblr-1717	88	26	,	,	PUNCT
cblr-1717	88	27	93	93	NUM
cblr-1717	88	28	calif	calif	PROPN
cblr-1717	88	29	.	.	PUNCT
cblr-1717	89	1	l.	l.	PROPN
cblr-1717	89	2	rev	rev	PROPN
cblr-1717	89	3	.	.	PROPN
cblr-1717	89	4	1557	1557	NUM
cblr-1717	89	5	,	,	PUNCT
cblr-1717	89	6	1562	1562	NUM
cblr-1717	89	7	(	(	PUNCT
cblr-1717	89	8	2005	2005	NUM
cblr-1717	89	9	)	)	PUNCT
cblr-1717	89	10	(	(	PUNCT
cblr-1717	89	11	showing	show	VERB
cblr-1717	89	12	that	that	SCONJ
cblr-1717	89	13	senior	senior	ADJ
cblr-1717	89	14	executive	executive	ADJ
cblr-1717	89	15	compensation	compensation	NOUN
cblr-1717	89	16	grew	grow	VERB
cblr-1717	89	17	to	to	ADP
cblr-1717	89	18	$	$	SYM
cblr-1717	89	19	9.4	9.4	NUM
cblr-1717	89	20	million	million	NUM
cblr-1717	89	21	by	by	ADP
cblr-1717	89	22	2002	2002	NUM
cblr-1717	89	23	)	)	PUNCT
cblr-1717	89	24	.	.	PUNCT
cblr-1717	90	1	ades	ades	PROPN
cblr-1717	90	2	-	-	PUNCT
cblr-1717	90	3	laurent	laurent	NOUN
cblr-1717	90	4	–	–	PUNCT
cblr-1717	90	5	final	final	ADJ
cblr-1717	90	6	no	no	NOUN
cblr-1717	90	7	.	.	PUNCT
cblr-1717	91	1	1:347	1:347	NUM
cblr-1717	91	2	]	]	PUNCT
cblr-1717	91	3	disappearing	disappear	VERB
cblr-1717	91	4	stock	stock	NOUN
cblr-1717	91	5	options	option	NOUN
cblr-1717	91	6	353	353	NUM
cblr-1717	91	7	regulatory	regulatory	ADJ
cblr-1717	91	8	agencies	agency	NOUN
cblr-1717	91	9	levied	levy	VERB
cblr-1717	91	10	in	in	ADP
cblr-1717	91	11	their	their	PRON
cblr-1717	91	12	attempts	attempt	NOUN
cblr-1717	91	13	to	to	PART
cblr-1717	91	14	curb	curb	VERB
cblr-1717	91	15	corporate	corporate	ADJ
cblr-1717	91	16	leadership	leadership	NOUN
cblr-1717	91	17	abuses	abuse	NOUN
cblr-1717	91	18	.	.	PUNCT
cblr-1717	92	1	a.	a.	NOUN
cblr-1717	92	2	change	change	NOUN
cblr-1717	92	3	in	in	ADP
cblr-1717	92	4	accounting	accounting	NOUN
cblr-1717	92	5	rules	rule	NOUN
cblr-1717	92	6	options	option	NOUN
cblr-1717	92	7	used	use	VERB
cblr-1717	92	8	to	to	PART
cblr-1717	92	9	be	be	AUX
cblr-1717	92	10	an	an	DET
cblr-1717	92	11	advantageous	advantageous	ADJ
cblr-1717	92	12	form	form	NOUN
cblr-1717	92	13	of	of	ADP
cblr-1717	92	14	compensation	compensation	NOUN
cblr-1717	92	15	for	for	ADP
cblr-1717	92	16	firms	firm	NOUN
cblr-1717	92	17	for	for	ADP
cblr-1717	92	18	accounting	accounting	NOUN
cblr-1717	92	19	reasons	reason	NOUN
cblr-1717	92	20	:	:	PUNCT
cblr-1717	92	21	unlike	unlike	ADP
cblr-1717	92	22	a	a	DET
cblr-1717	92	23	salary	salary	NOUN
cblr-1717	92	24	,	,	PUNCT
cblr-1717	92	25	these	these	DET
cblr-1717	92	26	awards	award	NOUN
cblr-1717	92	27	were	be	AUX
cblr-1717	92	28	not	not	PART
cblr-1717	92	29	treated	treat	VERB
cblr-1717	92	30	as	as	ADP
cblr-1717	92	31	an	an	DET
cblr-1717	92	32	expense	expense	NOUN
cblr-1717	92	33	on	on	ADP
cblr-1717	92	34	the	the	DET
cblr-1717	92	35	company	company	NOUN
cblr-1717	92	36	’s	’s	PART
cblr-1717	92	37	books.21	books.21	NOUN
cblr-1717	92	38	consequently	consequently	ADV
cblr-1717	92	39	,	,	PUNCT
cblr-1717	92	40	option	option	NOUN
cblr-1717	92	41	grants	grant	NOUN
cblr-1717	92	42	had	have	VERB
cblr-1717	92	43	no	no	DET
cblr-1717	92	44	effect	effect	NOUN
cblr-1717	92	45	on	on	ADP
cblr-1717	92	46	earnings	earning	NOUN
cblr-1717	92	47	,	,	PUNCT
cblr-1717	92	48	no	no	ADV
cblr-1717	92	49	matter	matter	ADV
cblr-1717	92	50	how	how	SCONJ
cblr-1717	92	51	much	much	ADJ
cblr-1717	92	52	the	the	DET
cblr-1717	92	53	executive	executive	NOUN
cblr-1717	92	54	received	receive	VERB
cblr-1717	92	55	from	from	ADP
cblr-1717	92	56	exercising	exercise	VERB
cblr-1717	92	57	the	the	DET
cblr-1717	92	58	options	option	NOUN
cblr-1717	92	59	.	.	PUNCT
cblr-1717	93	1	this	this	PRON
cblr-1717	93	2	is	be	AUX
cblr-1717	93	3	significant	significant	ADJ
cblr-1717	93	4	because	because	SCONJ
cblr-1717	93	5	earnings	earning	NOUN
cblr-1717	93	6	drive	drive	VERB
cblr-1717	93	7	stock	stock	NOUN
cblr-1717	93	8	prices	price	NOUN
cblr-1717	93	9	.	.	PUNCT
cblr-1717	94	1	in	in	ADP
cblr-1717	94	2	2004	2004	NUM
cblr-1717	94	3	,	,	PUNCT
cblr-1717	94	4	however	however	ADV
cblr-1717	94	5	,	,	PUNCT
cblr-1717	94	6	the	the	DET
cblr-1717	94	7	financial	financial	ADJ
cblr-1717	94	8	accounting	accounting	PROPN
cblr-1717	94	9	services	services	PROPN
cblr-1717	94	10	board	board	NOUN
cblr-1717	94	11	(	(	PUNCT
cblr-1717	94	12	“	"	PUNCT
cblr-1717	94	13	fasb	fasb	NOUN
cblr-1717	94	14	”	"	PUNCT
cblr-1717	94	15	)	)	PUNCT
cblr-1717	94	16	eliminated	eliminate	VERB
cblr-1717	94	17	this	this	DET
cblr-1717	94	18	accounting	accounting	NOUN
cblr-1717	94	19	advantage	advantage	NOUN
cblr-1717	94	20	by	by	ADP
cblr-1717	94	21	requiring	require	VERB
cblr-1717	94	22	that	that	SCONJ
cblr-1717	94	23	all	all	DET
cblr-1717	94	24	options	option	NOUN
cblr-1717	94	25	be	be	AUX
cblr-1717	94	26	recorded	record	VERB
cblr-1717	94	27	as	as	ADP
cblr-1717	94	28	an	an	DET
cblr-1717	94	29	expense.22	expense.22	NOUN
cblr-1717	94	30	two	two	NUM
cblr-1717	94	31	years	year	NOUN
cblr-1717	94	32	later	later	ADV
cblr-1717	94	33	,	,	PUNCT
cblr-1717	94	34	the	the	DET
cblr-1717	94	35	securities	securities	PROPN
cblr-1717	94	36	exchange	exchange	PROPN
cblr-1717	94	37	commission	commission	PROPN
cblr-1717	94	38	(	(	PUNCT
cblr-1717	94	39	“	"	PUNCT
cblr-1717	94	40	sec	sec	PROPN
cblr-1717	94	41	”	"	PUNCT
cblr-1717	94	42	)	)	PUNCT
cblr-1717	94	43	decided	decide	VERB
cblr-1717	94	44	that	that	SCONJ
cblr-1717	94	45	the	the	DET
cblr-1717	94	46	accounting	accounting	NOUN
cblr-1717	94	47	rules	rule	NOUN
cblr-1717	94	48	for	for	ADP
cblr-1717	94	49	the	the	DET
cblr-1717	94	50	taxation	taxation	NOUN
cblr-1717	94	51	of	of	ADP
cblr-1717	94	52	stock	stock	NOUN
cblr-1717	94	53	-	-	PUNCT
cblr-1717	94	54	based	base	VERB
cblr-1717	94	55	compensation	compensation	NOUN
cblr-1717	94	56	would	would	AUX
cblr-1717	94	57	be	be	AUX
cblr-1717	94	58	governed	govern	VERB
cblr-1717	94	59	by	by	ADP
cblr-1717	94	60	the	the	DET
cblr-1717	94	61	statement	statement	NOUN
cblr-1717	94	62	of	of	ADP
cblr-1717	94	63	financial	financial	ADJ
cblr-1717	94	64	accounting	accounting	NOUN
cblr-1717	94	65	standards	standard	NOUN
cblr-1717	94	66	no	no	INTJ
cblr-1717	94	67	.	.	PUNCT
cblr-1717	95	1	123(r	123(r	NUM
cblr-1717	95	2	)	)	PUNCT
cblr-1717	95	3	,	,	PUNCT
cblr-1717	95	4	share	share	NOUN
cblr-1717	95	5	-	-	PUNCT
cblr-1717	95	6	based	base	VERB
cblr-1717	95	7	payment	payment	NOUN
cblr-1717	95	8	(	(	PUNCT
cblr-1717	95	9	“	"	PUNCT
cblr-1717	95	10	fas	fas	NOUN
cblr-1717	95	11	123(r)”).23	123(r)”).23	NUM
cblr-1717	95	12	this	this	DET
cblr-1717	95	13	decision	decision	NOUN
cblr-1717	95	14	was	be	AUX
cblr-1717	95	15	issued	issue	VERB
cblr-1717	95	16	in	in	ADP
cblr-1717	95	17	response	response	NOUN
cblr-1717	95	18	to	to	ADP
cblr-1717	95	19	concerns	concern	NOUN
cblr-1717	95	20	that	that	SCONJ
cblr-1717	95	21	methods	method	NOUN
cblr-1717	95	22	under	under	ADP
cblr-1717	95	23	the	the	DET
cblr-1717	95	24	prior	prior	ADJ
cblr-1717	95	25	rules	rule	NOUN
cblr-1717	95	26	(	(	PUNCT
cblr-1717	95	27	apb	apb	PROPN
cblr-1717	95	28	25	25	NUM
cblr-1717	95	29	)	)	PUNCT
cblr-1717	95	30	did	do	AUX
cblr-1717	95	31	not	not	PART
cblr-1717	95	32	result	result	VERB
cblr-1717	95	33	in	in	ADP
cblr-1717	95	34	an	an	DET
cblr-1717	95	35	accurate	accurate	ADJ
cblr-1717	95	36	representation	representation	NOUN
cblr-1717	95	37	of	of	ADP
cblr-1717	95	38	the	the	DET
cblr-1717	95	39	“	"	PUNCT
cblr-1717	95	40	economic	economic	ADJ
cblr-1717	95	41	transaction	transaction	NOUN
cblr-1717	95	42	”	"	PUNCT
cblr-1717	95	43	of	of	ADP
cblr-1717	95	44	granting	grant	VERB
cblr-1717	95	45	stock	stock	NOUN
cblr-1717	95	46	options.24	options.24	NOUN
cblr-1717	95	47	under	under	ADP
cblr-1717	95	48	apb	apb	PROPN
cblr-1717	95	49	25	25	NUM
cblr-1717	95	50	,	,	PUNCT
cblr-1717	95	51	no	no	DET
cblr-1717	95	52	compensation	compensation	NOUN
cblr-1717	95	53	cost	cost	NOUN
cblr-1717	95	54	must	must	AUX
cblr-1717	95	55	be	be	AUX
cblr-1717	95	56	recorded	record	VERB
cblr-1717	95	57	in	in	ADP
cblr-1717	95	58	financial	financial	ADJ
cblr-1717	95	59	statements	statement	NOUN
cblr-1717	95	60	for	for	ADP
cblr-1717	95	61	stock	stock	NOUN
cblr-1717	95	62	options	option	NOUN
cblr-1717	95	63	issued	issue	VERB
cblr-1717	95	64	to	to	ADP
cblr-1717	95	65	employees	employee	NOUN
cblr-1717	95	66	if	if	SCONJ
cblr-1717	95	67	the	the	DET
cblr-1717	95	68	exercise	exercise	NOUN
cblr-1717	95	69	price	price	NOUN
cblr-1717	95	70	is	be	AUX
cblr-1717	95	71	equal	equal	ADJ
cblr-1717	95	72	to	to	ADP
cblr-1717	95	73	or	or	CCONJ
cblr-1717	95	74	greater	great	ADJ
cblr-1717	95	75	than	than	ADP
cblr-1717	95	76	the	the	DET
cblr-1717	95	77	market	market	NOUN
cblr-1717	95	78	price	price	NOUN
cblr-1717	95	79	on	on	ADP
cblr-1717	95	80	the	the	DET
cblr-1717	95	81	date	date	NOUN
cblr-1717	95	82	of	of	ADP
cblr-1717	95	83	the	the	DET
cblr-1717	95	84	grant.25	grant.25	PROPN
cblr-1717	95	85	fas	fas	PROPN
cblr-1717	95	86	21	21	NUM
cblr-1717	95	87	jerry	jerry	PROPN
cblr-1717	95	88	w.	w.	PROPN
cblr-1717	95	89	markham	markham	PROPN
cblr-1717	95	90	,	,	PUNCT
cblr-1717	95	91	regulating	regulate	VERB
cblr-1717	95	92	excessive	excessive	ADJ
cblr-1717	95	93	executive	executive	ADJ
cblr-1717	95	94	compensation	compensation	NOUN
cblr-1717	95	95	—	—	PUNCT
cblr-1717	95	96	why	why	SCONJ
cblr-1717	95	97	bother	bother	VERB
cblr-1717	95	98	?	?	PUNCT
cblr-1717	95	99	,	,	PUNCT
cblr-1717	95	100	2	2	NUM
cblr-1717	95	101	j.	j.	PROPN
cblr-1717	95	102	bus	bus	PROPN
cblr-1717	95	103	.	.	PUNCT
cblr-1717	95	104	&	&	CCONJ
cblr-1717	95	105	tech	tech	PROPN
cblr-1717	95	106	.	.	PUNCT
cblr-1717	96	1	l.	l.	PROPN
cblr-1717	96	2	277	277	NUM
cblr-1717	96	3	,	,	PUNCT
cblr-1717	96	4	294	294	NUM
cblr-1717	96	5	(	(	PUNCT
cblr-1717	96	6	2007	2007	NUM
cblr-1717	96	7	)	)	PUNCT
cblr-1717	96	8	.	.	PUNCT
cblr-1717	97	1	22	22	NUM
cblr-1717	97	2	staff	staff	NOUN
cblr-1717	97	3	of	of	ADP
cblr-1717	97	4	joint	joint	ADJ
cblr-1717	97	5	comm	comm	NOUN
cblr-1717	97	6	.	.	PUNCT
cblr-1717	98	1	on	on	ADP
cblr-1717	98	2	taxation	taxation	NOUN
cblr-1717	98	3	,	,	PUNCT
cblr-1717	98	4	jcz-39	jcz-39	PROPN
cblr-1717	98	5	-	-	PUNCT
cblr-1717	98	6	06	06	NUM
cblr-1717	98	7	,	,	PUNCT
cblr-1717	98	8	present	present	ADJ
cblr-1717	98	9	law	law	NOUN
cblr-1717	98	10	and	and	CCONJ
cblr-1717	98	11	background	background	NOUN
cblr-1717	98	12	relating	relate	VERB
cblr-1717	98	13	to	to	ADP
cblr-1717	98	14	executive	executive	ADJ
cblr-1717	98	15	compensation	compensation	NOUN
cblr-1717	98	16	38–39	38–39	NUM
cblr-1717	98	17	(	(	PUNCT
cblr-1717	98	18	2006	2006	NUM
cblr-1717	98	19	)	)	PUNCT
cblr-1717	98	20	,	,	PUNCT
cblr-1717	98	21	http://www.jct.gov/x-39-06.pdf	http://www.jct.gov/x-39-06.pdf	VERB
cblr-1717	99	1	[	[	X
cblr-1717	99	2	https://perma.cc/7tua-cxql	https://perma.cc/7tua-cxql	X
cblr-1717	99	3	]	]	X
cblr-1717	99	4	[	[	X
cblr-1717	99	5	hereinafter	hereinafter	NOUN
cblr-1717	99	6	finance	finance	NOUN
cblr-1717	99	7	committee	committee	PROPN
cblr-1717	99	8	hearing	hearing	NOUN
cblr-1717	99	9	]	]	PUNCT
cblr-1717	99	10	.	.	PUNCT
cblr-1717	100	1	23	23	NUM
cblr-1717	101	1	i	i	PRON
cblr-1717	101	2	d.	d.	PROPN
cblr-1717	101	3	24	24	NUM
cblr-1717	101	4	i	i	PRON
cblr-1717	101	5	d.	d.	PROPN
cblr-1717	101	6	at	at	ADP
cblr-1717	101	7	38	38	NUM
cblr-1717	101	8	.	.	PUNCT
cblr-1717	102	1	additionally	additionally	ADV
cblr-1717	102	2	,	,	PUNCT
cblr-1717	102	3	there	there	PRON
cblr-1717	102	4	were	be	VERB
cblr-1717	102	5	concerns	concern	NOUN
cblr-1717	102	6	that	that	SCONJ
cblr-1717	102	7	stock	stock	NOUN
cblr-1717	102	8	-	-	PUNCT
cblr-1717	102	9	based	base	VERB
cblr-1717	102	10	compensation	compensation	NOUN
cblr-1717	102	11	should	should	AUX
cblr-1717	102	12	be	be	AUX
cblr-1717	102	13	accounted	account	VERB
cblr-1717	102	14	for	for	ADP
cblr-1717	102	15	using	use	VERB
cblr-1717	102	16	one	one	NUM
cblr-1717	102	17	method	method	NOUN
cblr-1717	102	18	(	(	PUNCT
cblr-1717	102	19	rather	rather	ADV
cblr-1717	102	20	than	than	ADP
cblr-1717	102	21	allowing	allow	VERB
cblr-1717	102	22	companies	company	NOUN
cblr-1717	102	23	to	to	PART
cblr-1717	102	24	use	use	VERB
cblr-1717	102	25	either	either	CCONJ
cblr-1717	102	26	apb	apb	PROPN
cblr-1717	102	27	25	25	NUM
cblr-1717	102	28	or	or	CCONJ
cblr-1717	102	29	fas	fas	NOUN
cblr-1717	102	30	123(r	123(r	NUM
cblr-1717	102	31	)	)	PUNCT
cblr-1717	102	32	)	)	PUNCT
cblr-1717	102	33	,	,	PUNCT
cblr-1717	102	34	and	and	CCONJ
cblr-1717	102	35	that	that	SCONJ
cblr-1717	102	36	the	the	DET
cblr-1717	102	37	rules	rule	NOUN
cblr-1717	102	38	under	under	ADP
cblr-1717	102	39	fas	fas	NOUN
cblr-1717	102	40	123(r	123(r	NUM
cblr-1717	102	41	)	)	PUNCT
cblr-1717	102	42	are	be	AUX
cblr-1717	102	43	more	more	ADV
cblr-1717	102	44	consistent	consistent	ADJ
cblr-1717	102	45	with	with	ADP
cblr-1717	102	46	those	those	PRON
cblr-1717	102	47	under	under	ADP
cblr-1717	102	48	the	the	DET
cblr-1717	102	49	international	international	ADJ
cblr-1717	102	50	financial	financial	ADJ
cblr-1717	102	51	reporting	reporting	NOUN
cblr-1717	102	52	standards	standard	NOUN
cblr-1717	102	53	.	.	PUNCT
cblr-1717	103	1	i	i	PRON
cblr-1717	103	2	d.	d.	PROPN
cblr-1717	103	3	25	25	NUM
cblr-1717	104	1	i	i	PRON
cblr-1717	104	2	d.	d.	PROPN
cblr-1717	104	3	at	at	ADP
cblr-1717	104	4	43	43	NUM
cblr-1717	104	5	.	.	PUNCT
cblr-1717	105	1	ades	ade	NOUN
cblr-1717	105	2	-	-	PUNCT
cblr-1717	105	3	laurent	laurent	NOUN
cblr-1717	105	4	–	–	PUNCT
cblr-1717	105	5	final	final	ADJ
cblr-1717	105	6	354	354	NUM
cblr-1717	105	7	columbia	columbia	PROPN
cblr-1717	105	8	business	business	NOUN
cblr-1717	105	9	law	law	PROPN
cblr-1717	105	10	review	review	NOUN
cblr-1717	105	11	[	[	X
cblr-1717	105	12	vol	vol	NOUN
cblr-1717	105	13	.	.	PUNCT
cblr-1717	105	14	2017	2017	NUM
cblr-1717	105	15	123(r	123(r	NUM
cblr-1717	105	16	)	)	PUNCT
cblr-1717	105	17	,	,	PUNCT
cblr-1717	105	18	in	in	ADP
cblr-1717	105	19	contrast	contrast	NOUN
cblr-1717	105	20	,	,	PUNCT
cblr-1717	105	21	requires	require	VERB
cblr-1717	105	22	companies	company	NOUN
cblr-1717	105	23	to	to	PART
cblr-1717	105	24	measure	measure	VERB
cblr-1717	105	25	compensation	compensation	NOUN
cblr-1717	105	26	costs	cost	NOUN
cblr-1717	105	27	based	base	VERB
cblr-1717	105	28	on	on	ADP
cblr-1717	105	29	the	the	DET
cblr-1717	105	30	award	award	NOUN
cblr-1717	105	31	’s	’s	PART
cblr-1717	105	32	fair	fair	ADJ
cblr-1717	105	33	value	value	NOUN
cblr-1717	105	34	as	as	ADP
cblr-1717	105	35	of	of	ADP
cblr-1717	105	36	the	the	DET
cblr-1717	105	37	grant	grant	NOUN
cblr-1717	106	1	date.26	date.26	ADJ
cblr-1717	106	2	accounting	account	VERB
cblr-1717	106	3	for	for	ADP
cblr-1717	106	4	stock	stock	NOUN
cblr-1717	106	5	options	option	NOUN
cblr-1717	106	6	under	under	ADP
cblr-1717	106	7	fas	fas	NOUN
cblr-1717	106	8	123(r	123(r	NUM
cblr-1717	106	9	)	)	PUNCT
cblr-1717	106	10	thus	thus	ADV
cblr-1717	106	11	results	result	VERB
cblr-1717	106	12	in	in	ADP
cblr-1717	106	13	a	a	DET
cblr-1717	106	14	greater	great	ADJ
cblr-1717	106	15	compensation	compensation	NOUN
cblr-1717	106	16	expense	expense	NOUN
cblr-1717	106	17	than	than	ADP
cblr-1717	106	18	under	under	ADP
cblr-1717	106	19	apb	apb	PROPN
cblr-1717	106	20	25	25	NUM
cblr-1717	106	21	.	.	PUNCT
cblr-1717	107	1	because	because	SCONJ
cblr-1717	107	2	the	the	DET
cblr-1717	107	3	mandatory	mandatory	ADJ
cblr-1717	107	4	stock	stock	NOUN
cblr-1717	107	5	option	option	NOUN
cblr-1717	107	6	expensing	expense	VERB
cblr-1717	107	7	caused	cause	VERB
cblr-1717	107	8	options	option	NOUN
cblr-1717	107	9	to	to	PART
cblr-1717	107	10	be	be	AUX
cblr-1717	107	11	comparatively	comparatively	ADV
cblr-1717	107	12	more	more	ADV
cblr-1717	107	13	expensive	expensive	ADJ
cblr-1717	107	14	,	,	PUNCT
cblr-1717	107	15	fas	fas	PROPN
cblr-1717	107	16	123(r	123(r	PROPN
cblr-1717	107	17	)	)	PUNCT
cblr-1717	107	18	may	may	AUX
cblr-1717	107	19	have	have	AUX
cblr-1717	107	20	led	lead	VERB
cblr-1717	107	21	companies	company	NOUN
cblr-1717	107	22	to	to	PART
cblr-1717	107	23	rely	rely	VERB
cblr-1717	107	24	less	less	ADV
cblr-1717	107	25	heavily	heavily	ADV
cblr-1717	107	26	on	on	ADP
cblr-1717	107	27	stock	stock	NOUN
cblr-1717	107	28	options	option	NOUN
cblr-1717	107	29	in	in	ADP
cblr-1717	107	30	the	the	DET
cblr-1717	107	31	design	design	NOUN
cblr-1717	107	32	of	of	ADP
cblr-1717	107	33	their	their	PRON
cblr-1717	107	34	executive	executive	ADJ
cblr-1717	107	35	compensation	compensation	NOUN
cblr-1717	107	36	packages	package	NOUN
cblr-1717	107	37	.	.	PUNCT
cblr-1717	108	1	b.	b.	PROPN
cblr-1717	108	2	sec	sec	PROPN
cblr-1717	108	3	public	public	ADJ
cblr-1717	108	4	disclosure	disclosure	NOUN
cblr-1717	108	5	rules	rule	VERB
cblr-1717	108	6	the	the	DET
cblr-1717	108	7	sec	sec	PROPN
cblr-1717	108	8	has	have	AUX
cblr-1717	108	9	sought	seek	VERB
cblr-1717	108	10	to	to	PART
cblr-1717	108	11	better	well	ADV
cblr-1717	108	12	enforce	enforce	VERB
cblr-1717	108	13	accountability	accountability	NOUN
cblr-1717	108	14	in	in	ADP
cblr-1717	108	15	executive	executive	PROPN
cblr-1717	108	16	compensation	compensation	NOUN
cblr-1717	108	17	through	through	ADP
cblr-1717	108	18	disclosure	disclosure	NOUN
cblr-1717	108	19	reforms	reform	NOUN
cblr-1717	108	20	;	;	PUNCT
cblr-1717	108	21	providing	provide	VERB
cblr-1717	108	22	shareholders	shareholder	NOUN
cblr-1717	108	23	and	and	CCONJ
cblr-1717	108	24	other	other	ADJ
cblr-1717	108	25	observers	observer	NOUN
cblr-1717	108	26	with	with	ADP
cblr-1717	108	27	more	more	ADV
cblr-1717	108	28	comprehensive	comprehensive	ADJ
cblr-1717	108	29	information	information	NOUN
cblr-1717	108	30	will	will	AUX
cblr-1717	108	31	enable	enable	VERB
cblr-1717	108	32	them	they	PRON
cblr-1717	108	33	to	to	PART
cblr-1717	108	34	make	make	VERB
cblr-1717	108	35	informed	inform	VERB
cblr-1717	108	36	decisions.27	decisions.27	PROPN
cblr-1717	108	37	these	these	DET
cblr-1717	108	38	reforms	reform	NOUN
cblr-1717	108	39	have	have	AUX
cblr-1717	108	40	followed	follow	VERB
cblr-1717	108	41	a	a	DET
cblr-1717	108	42	twisted	twisted	ADJ
cblr-1717	108	43	path	path	NOUN
cblr-1717	108	44	.	.	PUNCT
cblr-1717	109	1	in	in	ADP
cblr-1717	109	2	1992	1992	NUM
cblr-1717	109	3	,	,	PUNCT
cblr-1717	109	4	the	the	DET
cblr-1717	109	5	sec	sec	PROPN
cblr-1717	109	6	adopted	adopt	VERB
cblr-1717	109	7	rules	rule	NOUN
cblr-1717	109	8	that	that	PRON
cblr-1717	109	9	moved	move	VERB
cblr-1717	109	10	away	away	ADV
cblr-1717	109	11	from	from	ADP
cblr-1717	109	12	disclosures	disclosure	NOUN
cblr-1717	109	13	in	in	ADP
cblr-1717	109	14	narrative	narrative	NOUN
cblr-1717	109	15	form	form	NOUN
cblr-1717	109	16	and	and	CCONJ
cblr-1717	109	17	back	back	ADV
cblr-1717	109	18	to	to	ADP
cblr-1717	109	19	using	use	VERB
cblr-1717	109	20	tables	table	NOUN
cblr-1717	109	21	that	that	PRON
cblr-1717	109	22	permitted	permit	VERB
cblr-1717	109	23	comparability	comparability	NOUN
cblr-1717	109	24	from	from	ADP
cblr-1717	109	25	year	year	NOUN
cblr-1717	109	26	to	to	ADP
cblr-1717	109	27	year.28	year.28	PROPN
cblr-1717	109	28	yet	yet	ADV
cblr-1717	109	29	the	the	DET
cblr-1717	109	30	strength	strength	NOUN
cblr-1717	109	31	of	of	ADP
cblr-1717	109	32	the	the	DET
cblr-1717	109	33	tables	table	NOUN
cblr-1717	109	34	’	'	PUNCT
cblr-1717	109	35	clarity	clarity	NOUN
cblr-1717	109	36	and	and	CCONJ
cblr-1717	109	37	comparability	comparability	NOUN
cblr-1717	109	38	was	be	AUX
cblr-1717	109	39	also	also	ADV
cblr-1717	109	40	their	their	PRON
cblr-1717	109	41	weakness	weakness	NOUN
cblr-1717	109	42	:	:	PUNCT
cblr-1717	109	43	they	they	PRON
cblr-1717	109	44	were	be	AUX
cblr-1717	109	45	“	"	PUNCT
cblr-1717	109	46	highly	highly	ADV
cblr-1717	109	47	formatted	formatted	ADJ
cblr-1717	109	48	and	and	CCONJ
cblr-1717	109	49	rigid	rigid	ADJ
cblr-1717	109	50	,	,	PUNCT
cblr-1717	109	51	”	"	PUNCT
cblr-1717	109	52	preventing	prevent	VERB
cblr-1717	109	53	information	information	NOUN
cblr-1717	109	54	that	that	PRON
cblr-1717	109	55	was	be	AUX
cblr-1717	109	56	not	not	PART
cblr-1717	109	57	specifically	specifically	ADV
cblr-1717	109	58	mandated	mandate	VERB
cblr-1717	109	59	from	from	ADP
cblr-1717	109	60	being	be	AUX
cblr-1717	109	61	included	include	VERB
cblr-1717	109	62	in	in	ADP
cblr-1717	109	63	the	the	DET
cblr-1717	109	64	tables.29	tables.29	NOUN
cblr-1717	109	65	on	on	ADP
cblr-1717	109	66	july	july	PROPN
cblr-1717	109	67	26	26	NUM
cblr-1717	109	68	,	,	PUNCT
cblr-1717	109	69	2006	2006	NUM
cblr-1717	109	70	,	,	PUNCT
cblr-1717	109	71	the	the	DET
cblr-1717	109	72	sec	sec	PROPN
cblr-1717	109	73	amended	amend	VERB
cblr-1717	109	74	the	the	DET
cblr-1717	109	75	disclosure	disclosure	NOUN
cblr-1717	109	76	rules	rule	NOUN
cblr-1717	109	77	for	for	ADP
cblr-1717	109	78	executive	executive	ADJ
cblr-1717	109	79	compensation	compensation	NOUN
cblr-1717	109	80	to	to	PART
cblr-1717	109	81	provide	provide	VERB
cblr-1717	109	82	for	for	ADP
cblr-1717	109	83	enhanced	enhanced	ADJ
cblr-1717	109	84	summary	summary	NOUN
cblr-1717	109	85	26	26	NUM
cblr-1717	109	86	i	i	PRON
cblr-1717	109	87	d.	d.	PROPN
cblr-1717	109	88	at	at	ADP
cblr-1717	109	89	38–39	38–39	NUM
cblr-1717	109	90	.	.	PUNCT
cblr-1717	110	1	to	to	PART
cblr-1717	110	2	estimate	estimate	VERB
cblr-1717	110	3	the	the	DET
cblr-1717	110	4	value	value	NOUN
cblr-1717	110	5	of	of	ADP
cblr-1717	110	6	the	the	DET
cblr-1717	110	7	options	option	NOUN
cblr-1717	110	8	,	,	PUNCT
cblr-1717	110	9	the	the	DET
cblr-1717	110	10	company	company	NOUN
cblr-1717	110	11	must	must	AUX
cblr-1717	110	12	use	use	VERB
cblr-1717	110	13	option	option	NOUN
cblr-1717	110	14	-	-	PUNCT
cblr-1717	110	15	pricing	pricing	NOUN
cblr-1717	110	16	models	model	NOUN
cblr-1717	110	17	that	that	PRON
cblr-1717	110	18	take	take	VERB
cblr-1717	110	19	into	into	ADP
cblr-1717	110	20	account	account	NOUN
cblr-1717	110	21	the	the	DET
cblr-1717	110	22	exercise	exercise	NOUN
cblr-1717	110	23	price	price	NOUN
cblr-1717	110	24	of	of	ADP
cblr-1717	110	25	the	the	DET
cblr-1717	110	26	option	option	NOUN
cblr-1717	110	27	,	,	PUNCT
cblr-1717	110	28	the	the	DET
cblr-1717	110	29	expected	expect	VERB
cblr-1717	110	30	option	option	NOUN
cblr-1717	110	31	term	term	NOUN
cblr-1717	110	32	,	,	PUNCT
cblr-1717	110	33	the	the	DET
cblr-1717	110	34	current	current	ADJ
cblr-1717	110	35	price	price	NOUN
cblr-1717	110	36	of	of	ADP
cblr-1717	110	37	the	the	DET
cblr-1717	110	38	underlying	underlie	VERB
cblr-1717	110	39	shares	share	NOUN
cblr-1717	110	40	,	,	PUNCT
cblr-1717	110	41	the	the	DET
cblr-1717	110	42	expected	expect	VERB
cblr-1717	110	43	volatility	volatility	NOUN
cblr-1717	110	44	of	of	ADP
cblr-1717	110	45	the	the	DET
cblr-1717	110	46	price	price	NOUN
cblr-1717	110	47	,	,	PUNCT
cblr-1717	110	48	the	the	DET
cblr-1717	110	49	expected	expect	VERB
cblr-1717	110	50	dividends	dividend	NOUN
cblr-1717	110	51	,	,	PUNCT
cblr-1717	110	52	and	and	CCONJ
cblr-1717	110	53	the	the	DET
cblr-1717	110	54	risk	risk	NOUN
cblr-1717	110	55	-	-	PUNCT
cblr-1717	110	56	free	free	ADJ
cblr-1717	110	57	interest	interest	NOUN
cblr-1717	110	58	rates	rate	NOUN
cblr-1717	110	59	.	.	PUNCT
cblr-1717	111	1	the	the	DET
cblr-1717	111	2	joint	joint	ADJ
cblr-1717	111	3	committee	committee	NOUN
cblr-1717	111	4	on	on	ADP
cblr-1717	111	5	taxation	taxation	NOUN
cblr-1717	111	6	suggests	suggest	VERB
cblr-1717	111	7	the	the	DET
cblr-1717	111	8	binomial	binomial	ADJ
cblr-1717	111	9	option	option	NOUN
cblr-1717	111	10	-	-	PUNCT
cblr-1717	111	11	pricing	pricing	NOUN
cblr-1717	111	12	model	model	NOUN
cblr-1717	111	13	or	or	CCONJ
cblr-1717	111	14	the	the	DET
cblr-1717	111	15	black	black	ADJ
cblr-1717	111	16	-	-	PUNCT
cblr-1717	111	17	scholes	schole	NOUN
cblr-1717	111	18	-	-	PUNCT
cblr-1717	111	19	merton	merton	NOUN
cblr-1717	111	20	option	option	NOUN
cblr-1717	111	21	-	-	PUNCT
cblr-1717	111	22	pricing	pricing	NOUN
cblr-1717	111	23	formula	formula	NOUN
cblr-1717	111	24	.	.	PUNCT
cblr-1717	112	1	i	i	PRON
cblr-1717	112	2	d.	d.	PROPN
cblr-1717	112	3	27	27	NUM
cblr-1717	112	4	lucian	lucian	PROPN
cblr-1717	112	5	bebchuk	bebchuk	PROPN
cblr-1717	112	6	&	&	CCONJ
cblr-1717	112	7	jesse	jesse	PROPN
cblr-1717	112	8	fried	fried	PROPN
cblr-1717	112	9	,	,	PUNCT
cblr-1717	112	10	pay	pay	VERB
cblr-1717	112	11	without	without	ADP
cblr-1717	112	12	performance	performance	NOUN
cblr-1717	112	13	:	:	PUNCT
cblr-1717	112	14	the	the	DET
cblr-1717	112	15	unfulfilled	unfulfilled	ADJ
cblr-1717	112	16	promise	promise	NOUN
cblr-1717	112	17	of	of	ADP
cblr-1717	112	18	executive	executive	ADJ
cblr-1717	112	19	compensation	compensation	NOUN
cblr-1717	112	20	,	,	PUNCT
cblr-1717	112	21	192–94	192–94	NUM
cblr-1717	112	22	(	(	PUNCT
cblr-1717	112	23	harv	harv	PROPN
cblr-1717	112	24	.	.	PUNCT
cblr-1717	113	1	univ	univ	PROPN
cblr-1717	113	2	.	.	PUNCT
cblr-1717	114	1	press	press	PROPN
cblr-1717	114	2	ed	ed	NOUN
cblr-1717	114	3	.	.	PROPN
cblr-1717	114	4	,	,	PUNCT
cblr-1717	114	5	2004	2004	NUM
cblr-1717	114	6	)	)	PUNCT
cblr-1717	114	7	.	.	PUNCT
cblr-1717	115	1	28	28	NUM
cblr-1717	115	2	executive	executive	PROPN
cblr-1717	115	3	compensation	compensation	NOUN
cblr-1717	115	4	and	and	CCONJ
cblr-1717	115	5	related	related	ADJ
cblr-1717	115	6	person	person	NOUN
cblr-1717	115	7	disclosure	disclosure	NOUN
cblr-1717	115	8	,	,	PUNCT
cblr-1717	115	9	71	71	NUM
cblr-1717	115	10	fed	fed	PROPN
cblr-1717	115	11	.	.	PUNCT
cblr-1717	116	1	reg	reg	PROPN
cblr-1717	116	2	.	.	PROPN
cblr-1717	117	1	53,158	53,158	NUM
cblr-1717	117	2	,	,	PUNCT
cblr-1717	117	3	53,160	53,160	NUM
cblr-1717	117	4	(	(	PUNCT
cblr-1717	117	5	sept	sept	PROPN
cblr-1717	117	6	.	.	PROPN
cblr-1717	117	7	8	8	NUM
cblr-1717	117	8	,	,	PUNCT
cblr-1717	117	9	2006	2006	NUM
cblr-1717	117	10	)	)	PUNCT
cblr-1717	117	11	(	(	PUNCT
cblr-1717	117	12	to	to	PART
cblr-1717	117	13	be	be	AUX
cblr-1717	117	14	codified	codify	VERB
cblr-1717	117	15	at	at	ADP
cblr-1717	117	16	17	17	NUM
cblr-1717	117	17	c.f.r	c.f.r	NOUN
cblr-1717	117	18	.	.	PUNCT
cblr-1717	118	1	pts	pts	PROPN
cblr-1717	118	2	.	.	PROPN
cblr-1717	118	3	228	228	NUM
cblr-1717	118	4	,	,	PUNCT
cblr-1717	118	5	229	229	NUM
cblr-1717	118	6	,	,	PUNCT
cblr-1717	118	7	232	232	NUM
cblr-1717	118	8	,	,	PUNCT
cblr-1717	118	9	239	239	NUM
cblr-1717	118	10	,	,	PUNCT
cblr-1717	118	11	240	240	NUM
cblr-1717	118	12	,	,	PUNCT
cblr-1717	118	13	245	245	NUM
cblr-1717	118	14	,	,	PUNCT
cblr-1717	118	15	249	249	NUM
cblr-1717	118	16	,	,	PUNCT
cblr-1717	118	17	274	274	NUM
cblr-1717	118	18	)	)	PUNCT
cblr-1717	118	19	.	.	PUNCT
cblr-1717	119	1	29	29	NUM
cblr-1717	120	1	i	i	PRON
cblr-1717	120	2	d.	d.	VERB
cblr-1717	120	3	at	at	ADP
cblr-1717	120	4	53,161	53,161	NUM
cblr-1717	120	5	.	.	PUNCT
cblr-1717	121	1	ades	ade	NOUN
cblr-1717	121	2	-	-	PUNCT
cblr-1717	121	3	laurent	laurent	NOUN
cblr-1717	121	4	–	–	PUNCT
cblr-1717	121	5	final	final	ADJ
cblr-1717	121	6	no	no	NOUN
cblr-1717	121	7	.	.	PUNCT
cblr-1717	122	1	1:347	1:347	NUM
cblr-1717	122	2	]	]	PUNCT
cblr-1717	122	3	disappearing	disappear	VERB
cblr-1717	122	4	stock	stock	NOUN
cblr-1717	122	5	options	option	NOUN
cblr-1717	122	6	355	355	NUM
cblr-1717	122	7	compensation	compensation	NOUN
cblr-1717	122	8	and	and	CCONJ
cblr-1717	122	9	director	director	NOUN
cblr-1717	122	10	compensation	compensation	NOUN
cblr-1717	122	11	tables	table	NOUN
cblr-1717	122	12	,	,	PUNCT
cblr-1717	122	13	along	along	ADP
cblr-1717	122	14	with	with	ADP
cblr-1717	122	15	a	a	DET
cblr-1717	122	16	narrative	narrative	ADJ
cblr-1717	122	17	overview	overview	NOUN
cblr-1717	122	18	consisting	consist	VERB
cblr-1717	122	19	of	of	ADP
cblr-1717	122	20	a	a	DET
cblr-1717	122	21	general	general	ADJ
cblr-1717	122	22	discussion	discussion	NOUN
cblr-1717	122	23	and	and	CCONJ
cblr-1717	122	24	analysis	analysis	NOUN
cblr-1717	122	25	of	of	ADP
cblr-1717	122	26	the	the	DET
cblr-1717	122	27	compensation.30	compensation.30	PROPN
cblr-1717	122	28	the	the	DET
cblr-1717	122	29	sec	sec	PROPN
cblr-1717	122	30	’s	’s	PART
cblr-1717	122	31	stated	state	VERB
cblr-1717	122	32	purpose	purpose	NOUN
cblr-1717	122	33	was	be	AUX
cblr-1717	122	34	to	to	PART
cblr-1717	122	35	provide	provide	VERB
cblr-1717	122	36	investors	investor	NOUN
cblr-1717	122	37	with	with	ADP
cblr-1717	122	38	a	a	DET
cblr-1717	122	39	“	"	PUNCT
cblr-1717	122	40	more	more	ADV
cblr-1717	122	41	complete	complete	ADJ
cblr-1717	122	42	and	and	CCONJ
cblr-1717	122	43	useful	useful	ADJ
cblr-1717	122	44	disclosure	disclosure	NOUN
cblr-1717	122	45	”	"	PUNCT
cblr-1717	122	46	regarding	regard	VERB
cblr-1717	122	47	executive	executive	ADJ
cblr-1717	122	48	compensation.31	compensation.31	PROPN
cblr-1717	122	49	furthermore	furthermore	ADV
cblr-1717	122	50	,	,	PUNCT
cblr-1717	122	51	the	the	DET
cblr-1717	122	52	sec	sec	PROPN
cblr-1717	122	53	announced	announce	VERB
cblr-1717	122	54	that	that	SCONJ
cblr-1717	122	55	it	it	PRON
cblr-1717	122	56	would	would	AUX
cblr-1717	122	57	align	align	VERB
cblr-1717	122	58	the	the	DET
cblr-1717	122	59	reporting	reporting	NOUN
cblr-1717	122	60	of	of	ADP
cblr-1717	122	61	equity	equity	NOUN
cblr-1717	122	62	awards	award	NOUN
cblr-1717	122	63	with	with	ADP
cblr-1717	122	64	the	the	DET
cblr-1717	122	65	fas	fas	ADJ
cblr-1717	122	66	123(r	123(r	PROPN
cblr-1717	122	67	)	)	PUNCT
cblr-1717	122	68	requirements.32	requirements.32	NOUN
cblr-1717	122	69	in	in	ADP
cblr-1717	122	70	furtherance	furtherance	NOUN
cblr-1717	122	71	of	of	ADP
cblr-1717	122	72	this	this	DET
cblr-1717	122	73	objective	objective	NOUN
cblr-1717	122	74	,	,	PUNCT
cblr-1717	122	75	the	the	DET
cblr-1717	122	76	sec	sec	PROPN
cblr-1717	122	77	made	make	VERB
cblr-1717	122	78	the	the	DET
cblr-1717	122	79	following	follow	VERB
cblr-1717	122	80	revisions	revision	NOUN
cblr-1717	122	81	.	.	PUNCT
cblr-1717	123	1	first	first	ADV
cblr-1717	123	2	,	,	PUNCT
cblr-1717	123	3	the	the	DET
cblr-1717	123	4	sec	sec	PROPN
cblr-1717	123	5	revised	revise	VERB
cblr-1717	123	6	the	the	DET
cblr-1717	123	7	dollar	dollar	NOUN
cblr-1717	123	8	values	value	NOUN
cblr-1717	123	9	in	in	ADP
cblr-1717	123	10	the	the	DET
cblr-1717	123	11	“	"	PUNCT
cblr-1717	123	12	stock	stock	NOUN
cblr-1717	123	13	awards	award	NOUN
cblr-1717	123	14	”	"	PUNCT
cblr-1717	123	15	and	and	CCONJ
cblr-1717	123	16	“	"	PUNCT
cblr-1717	123	17	options	option	NOUN
cblr-1717	123	18	awards	award	NOUN
cblr-1717	123	19	”	"	PUNCT
cblr-1717	123	20	columns	column	NOUN
cblr-1717	123	21	of	of	ADP
cblr-1717	123	22	the	the	DET
cblr-1717	123	23	summary	summary	NOUN
cblr-1717	123	24	compensation	compensation	NOUN
cblr-1717	123	25	and	and	CCONJ
cblr-1717	123	26	director	director	NOUN
cblr-1717	123	27	compensation	compensation	NOUN
cblr-1717	123	28	tables	table	NOUN
cblr-1717	123	29	to	to	PART
cblr-1717	123	30	disclose	disclose	VERB
cblr-1717	123	31	the	the	DET
cblr-1717	123	32	compensation	compensation	NOUN
cblr-1717	123	33	cost	cost	NOUN
cblr-1717	123	34	of	of	ADP
cblr-1717	123	35	the	the	DET
cblr-1717	123	36	awards	award	NOUN
cblr-1717	123	37	,	,	PUNCT
cblr-1717	123	38	before	before	ADP
cblr-1717	123	39	reflecting	reflect	VERB
cblr-1717	123	40	forfeitures	forfeiture	NOUN
cblr-1717	123	41	,	,	PUNCT
cblr-1717	123	42	as	as	SCONJ
cblr-1717	123	43	described	describe	VERB
cblr-1717	123	44	in	in	ADP
cblr-1717	123	45	fas	fas	PROPN
cblr-1717	123	46	123(r).33	123(r).33	NUM
cblr-1717	123	47	second	second	NOUN
cblr-1717	123	48	,	,	PUNCT
cblr-1717	123	49	the	the	DET
cblr-1717	123	50	sec	sec	PROPN
cblr-1717	123	51	revised	revise	VERB
cblr-1717	123	52	the	the	DET
cblr-1717	123	53	tabular	tabular	ADJ
cblr-1717	123	54	presentation	presentation	NOUN
cblr-1717	123	55	of	of	ADP
cblr-1717	123	56	option	option	NOUN
cblr-1717	123	57	grants	grant	NOUN
cblr-1717	123	58	to	to	PART
cblr-1717	123	59	require	require	VERB
cblr-1717	123	60	disclosure	disclosure	NOUN
cblr-1717	123	61	of	of	ADP
cblr-1717	123	62	the	the	DET
cblr-1717	123	63	grant	grant	NOUN
cblr-1717	123	64	date	date	NOUN
cblr-1717	123	65	fair	fair	ADJ
cblr-1717	123	66	value	value	NOUN
cblr-1717	123	67	,	,	PUNCT
cblr-1717	123	68	the	the	DET
cblr-1717	123	69	fas	fas	PROPN
cblr-1717	123	70	123(r	123(r	PROPN
cblr-1717	123	71	)	)	PUNCT
cblr-1717	123	72	grant	grant	NOUN
cblr-1717	123	73	date	date	NOUN
cblr-1717	123	74	,	,	PUNCT
cblr-1717	123	75	the	the	DET
cblr-1717	123	76	closing	closing	NOUN
cblr-1717	123	77	market	market	NOUN
cblr-1717	123	78	price	price	NOUN
cblr-1717	123	79	on	on	ADP
cblr-1717	123	80	the	the	DET
cblr-1717	123	81	grant	grant	NOUN
cblr-1717	123	82	date	date	NOUN
cblr-1717	123	83	if	if	SCONJ
cblr-1717	123	84	greater	great	ADJ
cblr-1717	123	85	than	than	ADP
cblr-1717	123	86	the	the	DET
cblr-1717	123	87	exercise	exercise	NOUN
cblr-1717	123	88	price	price	NOUN
cblr-1717	123	89	,	,	PUNCT
cblr-1717	123	90	and	and	CCONJ
cblr-1717	123	91	the	the	DET
cblr-1717	123	92	date	date	NOUN
cblr-1717	123	93	the	the	DET
cblr-1717	123	94	compensation	compensation	PROPN
cblr-1717	123	95	committee	committee	NOUN
cblr-1717	123	96	took	take	VERB
cblr-1717	123	97	action	action	NOUN
cblr-1717	123	98	to	to	PART
cblr-1717	123	99	grant	grant	VERB
cblr-1717	123	100	the	the	DET
cblr-1717	123	101	award	award	NOUN
cblr-1717	123	102	if	if	SCONJ
cblr-1717	123	103	different	different	ADJ
cblr-1717	123	104	from	from	ADP
cblr-1717	123	105	the	the	DET
cblr-1717	123	106	grant	grant	NOUN
cblr-1717	123	107	date.34	date.34	PROPN
cblr-1717	123	108	third	third	ADV
cblr-1717	123	109	,	,	PUNCT
cblr-1717	123	110	the	the	DET
cblr-1717	123	111	sec	sec	PROPN
cblr-1717	123	112	revised	revise	VERB
cblr-1717	123	113	the	the	DET
cblr-1717	123	114	calculation	calculation	NOUN
cblr-1717	123	115	for	for	ADP
cblr-1717	123	116	the	the	DET
cblr-1717	123	117	value	value	NOUN
cblr-1717	123	118	of	of	ADP
cblr-1717	123	119	both	both	CCONJ
cblr-1717	123	120	stock	stock	NOUN
cblr-1717	123	121	and	and	CCONJ
cblr-1717	123	122	options	option	NOUN
cblr-1717	123	123	grants	grant	NOUN
cblr-1717	123	124	to	to	PART
cblr-1717	123	125	be	be	AUX
cblr-1717	123	126	determined	determine	VERB
cblr-1717	123	127	by	by	ADP
cblr-1717	123	128	the	the	DET
cblr-1717	123	129	grant	grant	NOUN
cblr-1717	123	130	date	date	NOUN
cblr-1717	123	131	fair	fair	ADJ
cblr-1717	123	132	value	value	NOUN
cblr-1717	123	133	,	,	PUNCT
cblr-1717	123	134	rather	rather	ADV
cblr-1717	123	135	30	30	NUM
cblr-1717	123	136	i	i	NOUN
cblr-1717	123	137	d.	d.	NOUN
cblr-1717	123	138	at	at	ADP
cblr-1717	123	139	53,162	53,162	NUM
cblr-1717	123	140	.	.	PUNCT
cblr-1717	124	1	the	the	DET
cblr-1717	124	2	narrative	narrative	NOUN
cblr-1717	124	3	overview	overview	NOUN
cblr-1717	124	4	provides	provide	VERB
cblr-1717	124	5	information	information	NOUN
cblr-1717	124	6	about	about	ADP
cblr-1717	124	7	the	the	DET
cblr-1717	124	8	company	company	NOUN
cblr-1717	124	9	’s	’s	PART
cblr-1717	124	10	compensation	compensation	NOUN
cblr-1717	124	11	objectives	objective	NOUN
cblr-1717	124	12	,	,	PUNCT
cblr-1717	124	13	policies	policy	NOUN
cblr-1717	124	14	,	,	PUNCT
cblr-1717	124	15	procedures	procedure	NOUN
cblr-1717	124	16	,	,	PUNCT
cblr-1717	124	17	and	and	CCONJ
cblr-1717	124	18	processes	process	NOUN
cblr-1717	124	19	.	.	PUNCT
cblr-1717	125	1	it	it	PRON
cblr-1717	125	2	must	must	AUX
cblr-1717	125	3	include	include	VERB
cblr-1717	125	4	the	the	DET
cblr-1717	125	5	objectives	objective	NOUN
cblr-1717	125	6	of	of	ADP
cblr-1717	125	7	the	the	DET
cblr-1717	125	8	compensation	compensation	NOUN
cblr-1717	125	9	program	program	NOUN
cblr-1717	125	10	,	,	PUNCT
cblr-1717	125	11	what	what	PRON
cblr-1717	125	12	the	the	DET
cblr-1717	125	13	compensation	compensation	NOUN
cblr-1717	125	14	program	program	NOUN
cblr-1717	125	15	is	be	AUX
cblr-1717	125	16	designed	design	VERB
cblr-1717	125	17	to	to	PART
cblr-1717	125	18	reward	reward	VERB
cblr-1717	125	19	,	,	PUNCT
cblr-1717	125	20	each	each	DET
cblr-1717	125	21	element	element	NOUN
cblr-1717	125	22	of	of	ADP
cblr-1717	125	23	the	the	DET
cblr-1717	125	24	compensation	compensation	NOUN
cblr-1717	125	25	,	,	PUNCT
cblr-1717	125	26	why	why	SCONJ
cblr-1717	125	27	the	the	DET
cblr-1717	125	28	company	company	NOUN
cblr-1717	125	29	chooses	choose	VERB
cblr-1717	125	30	to	to	PART
cblr-1717	125	31	pay	pay	VERB
cblr-1717	125	32	for	for	ADP
cblr-1717	125	33	each	each	DET
cblr-1717	125	34	element	element	NOUN
cblr-1717	125	35	,	,	PUNCT
cblr-1717	125	36	how	how	SCONJ
cblr-1717	125	37	the	the	DET
cblr-1717	125	38	company	company	NOUN
cblr-1717	125	39	determines	determine	VERB
cblr-1717	125	40	the	the	DET
cblr-1717	125	41	amount	amount	NOUN
cblr-1717	125	42	for	for	ADP
cblr-1717	125	43	each	each	DET
cblr-1717	125	44	element	element	NOUN
cblr-1717	125	45	,	,	PUNCT
cblr-1717	125	46	and	and	CCONJ
cblr-1717	125	47	how	how	SCONJ
cblr-1717	125	48	each	each	DET
cblr-1717	125	49	element	element	NOUN
cblr-1717	125	50	fits	fit	VERB
cblr-1717	125	51	into	into	ADP
cblr-1717	125	52	the	the	DET
cblr-1717	125	53	company	company	NOUN
cblr-1717	125	54	’s	’s	PART
cblr-1717	125	55	overall	overall	ADJ
cblr-1717	125	56	compensation	compensation	NOUN
cblr-1717	125	57	objectives	objective	NOUN
cblr-1717	125	58	.	.	PUNCT
cblr-1717	126	1	these	these	DET
cblr-1717	126	2	disclosure	disclosure	NOUN
cblr-1717	126	3	rules	rule	NOUN
cblr-1717	126	4	apply	apply	VERB
cblr-1717	126	5	to	to	ADP
cblr-1717	126	6	the	the	DET
cblr-1717	126	7	ceo	ceo	NOUN
cblr-1717	126	8	,	,	PUNCT
cblr-1717	126	9	cfo	cfo	PROPN
cblr-1717	126	10	,	,	PUNCT
cblr-1717	126	11	and	and	CCONJ
cblr-1717	126	12	three	three	NUM
cblr-1717	126	13	other	other	ADJ
cblr-1717	126	14	highest	high	ADJ
cblr-1717	126	15	paid	pay	VERB
cblr-1717	126	16	executives	executive	NOUN
cblr-1717	126	17	other	other	ADJ
cblr-1717	126	18	than	than	ADP
cblr-1717	126	19	the	the	DET
cblr-1717	126	20	ceo	ceo	PROPN
cblr-1717	126	21	and	and	CCONJ
cblr-1717	126	22	cfo	cfo	PROPN
cblr-1717	126	23	.	.	PUNCT
cblr-1717	127	1	see	see	VERB
cblr-1717	127	2	press	press	NOUN
cblr-1717	127	3	release	release	NOUN
cblr-1717	127	4	,	,	PUNCT
cblr-1717	127	5	sec	sec	PROPN
cblr-1717	127	6	,	,	PUNCT
cblr-1717	127	7	sec	sec	PROPN
cblr-1717	127	8	amends	amend	VERB
cblr-1717	127	9	executive	executive	PROPN
cblr-1717	127	10	compensation	compensation	NOUN
cblr-1717	127	11	disclosure	disclosure	NOUN
cblr-1717	127	12	to	to	AUX
cblr-1717	127	13	more	more	ADV
cblr-1717	127	14	closely	closely	ADV
cblr-1717	127	15	align	align	VERB
cblr-1717	127	16	with	with	ADP
cblr-1717	127	17	fas	fas	PROPN
cblr-1717	127	18	123r	123r	PROPN
cblr-1717	127	19	(	(	PUNCT
cblr-1717	127	20	dec	dec	PROPN
cblr-1717	127	21	.	.	PROPN
cblr-1717	127	22	22	22	NUM
cblr-1717	127	23	,	,	PUNCT
cblr-1717	127	24	2006	2006	NUM
cblr-1717	127	25	)	)	PUNCT
cblr-1717	127	26	,	,	PUNCT
cblr-1717	127	27	https://www.sec.gov/news/press/2006/2006-219.htm	https://www.sec.gov/news/press/2006/2006-219.htm	X
cblr-1717	128	1	[	[	X
cblr-1717	128	2	https://perma.cc/9lvd-l3cb	https://perma.cc/9lvd-l3cb	X
cblr-1717	128	3	]	]	X
cblr-1717	128	4	.	.	PUNCT
cblr-1717	129	1	31	31	NUM
cblr-1717	129	2	executive	executive	NOUN
cblr-1717	129	3	compensation	compensation	NOUN
cblr-1717	129	4	disclosure	disclosure	NOUN
cblr-1717	129	5	,	,	PUNCT
cblr-1717	129	6	71	71	NUM
cblr-1717	129	7	fed	fed	PROPN
cblr-1717	129	8	.	.	PUNCT
cblr-1717	130	1	reg	reg	PROPN
cblr-1717	130	2	.	.	PROPN
cblr-1717	131	1	78,338	78,338	NUM
cblr-1717	131	2	,	,	PUNCT
cblr-1717	131	3	78,338	78,338	NUM
cblr-1717	131	4	(	(	PUNCT
cblr-1717	131	5	dec	dec	PROPN
cblr-1717	131	6	.	.	PROPN
cblr-1717	131	7	29	29	NUM
cblr-1717	131	8	,	,	PUNCT
cblr-1717	131	9	2006	2006	NUM
cblr-1717	131	10	)	)	PUNCT
cblr-1717	131	11	(	(	PUNCT
cblr-1717	131	12	to	to	PART
cblr-1717	131	13	be	be	AUX
cblr-1717	131	14	codified	codify	VERB
cblr-1717	131	15	at	at	ADP
cblr-1717	131	16	17	17	NUM
cblr-1717	131	17	c.f.r	c.f.r	NOUN
cblr-1717	131	18	.	.	PUNCT
cblr-1717	132	1	pts	pts	PROPN
cblr-1717	132	2	.	.	PROPN
cblr-1717	132	3	228	228	NUM
cblr-1717	132	4	,	,	PUNCT
cblr-1717	132	5	229	229	NUM
cblr-1717	132	6	)	)	PUNCT
cblr-1717	132	7	.	.	PUNCT
cblr-1717	133	1	32	32	NUM
cblr-1717	134	1	i	i	PRON
cblr-1717	134	2	d.	d.	PROPN
cblr-1717	134	3	33	33	NUM
cblr-1717	134	4	i	i	PRON
cblr-1717	134	5	d.	d.	PROPN
cblr-1717	134	6	the	the	DET
cblr-1717	134	7	forfeitures	forfeiture	NOUN
cblr-1717	134	8	must	must	AUX
cblr-1717	134	9	be	be	AUX
cblr-1717	134	10	described	describe	VERB
cblr-1717	134	11	in	in	ADP
cblr-1717	134	12	a	a	DET
cblr-1717	134	13	footnote	footnote	NOUN
cblr-1717	134	14	.	.	PUNCT
cblr-1717	135	1	i	i	PRON
cblr-1717	135	2	d.	d.	PROPN
cblr-1717	135	3	34	34	NUM
cblr-1717	135	4	press	press	NOUN
cblr-1717	135	5	release	release	NOUN
cblr-1717	135	6	,	,	PUNCT
cblr-1717	135	7	sec	sec	PROPN
cblr-1717	135	8	,	,	PUNCT
cblr-1717	135	9	sec	sec	PROPN
cblr-1717	135	10	votes	vote	NOUN
cblr-1717	135	11	to	to	PART
cblr-1717	135	12	adopt	adopt	VERB
cblr-1717	135	13	changes	change	NOUN
cblr-1717	135	14	to	to	ADP
cblr-1717	135	15	disclosure	disclosure	NOUN
cblr-1717	135	16	requirements	requirement	NOUN
cblr-1717	135	17	concerning	concern	VERB
cblr-1717	135	18	executive	executive	ADJ
cblr-1717	135	19	compensation	compensation	NOUN
cblr-1717	135	20	and	and	CCONJ
cblr-1717	135	21	related	related	ADJ
cblr-1717	135	22	matters	matter	NOUN
cblr-1717	135	23	(	(	PUNCT
cblr-1717	135	24	jul	jul	PROPN
cblr-1717	135	25	.	.	PROPN
cblr-1717	135	26	26	26	NUM
cblr-1717	135	27	,	,	PUNCT
cblr-1717	135	28	2006	2006	NUM
cblr-1717	135	29	)	)	PUNCT
cblr-1717	135	30	,	,	PUNCT
cblr-1717	135	31	https://www.sec.gov/news/press/2006/2006-123.htm	https://www.sec.gov/news/press/2006/2006-123.htm	X
cblr-1717	136	1	[	[	X
cblr-1717	136	2	https://perma.cc/wdy7-zk3c	https://perma.cc/wdy7-zk3c	X
cblr-1717	136	3	]	]	X
cblr-1717	136	4	.	.	PUNCT
cblr-1717	137	1	ades	ades	PROPN
cblr-1717	137	2	-	-	PUNCT
cblr-1717	137	3	laurent	laurent	NOUN
cblr-1717	137	4	–	–	PUNCT
cblr-1717	137	5	final	final	ADJ
cblr-1717	137	6	356	356	NUM
cblr-1717	137	7	columbia	columbia	PROPN
cblr-1717	137	8	business	business	NOUN
cblr-1717	137	9	law	law	PROPN
cblr-1717	137	10	review	review	NOUN
cblr-1717	138	1	[	[	X
cblr-1717	138	2	vol	vol	NOUN
cblr-1717	138	3	.	.	NOUN
cblr-1717	138	4	2017	2017	NUM
cblr-1717	138	5	than	than	ADP
cblr-1717	138	6	the	the	DET
cblr-1717	138	7	number	number	NOUN
cblr-1717	138	8	of	of	ADP
cblr-1717	138	9	securities.35	securities.35	NOUN
cblr-1717	138	10	fourth	fourth	ADV
cblr-1717	138	11	,	,	PUNCT
cblr-1717	138	12	the	the	DET
cblr-1717	138	13	sec	sec	PROPN
cblr-1717	138	14	revised	revise	VERB
cblr-1717	138	15	the	the	DET
cblr-1717	138	16	grants	grant	NOUN
cblr-1717	138	17	of	of	ADP
cblr-1717	138	18	plan	plan	NOUN
cblr-1717	138	19	-	-	PUNCT
cblr-1717	138	20	based	base	VERB
cblr-1717	138	21	awards	award	NOUN
cblr-1717	138	22	table	table	NOUN
cblr-1717	138	23	to	to	PART
cblr-1717	138	24	require	require	VERB
cblr-1717	138	25	disclosure	disclosure	NOUN
cblr-1717	138	26	of	of	ADP
cblr-1717	138	27	the	the	DET
cblr-1717	138	28	grant	grant	NOUN
cblr-1717	138	29	date	date	NOUN
cblr-1717	138	30	fair	fair	ADJ
cblr-1717	138	31	value	value	NOUN
cblr-1717	138	32	of	of	ADP
cblr-1717	138	33	each	each	DET
cblr-1717	138	34	individual	individual	ADJ
cblr-1717	138	35	equity	equity	NOUN
cblr-1717	138	36	award.36	award.36	NOUN
cblr-1717	138	37	finally	finally	ADV
cblr-1717	138	38	,	,	PUNCT
cblr-1717	138	39	the	the	DET
cblr-1717	138	40	sec	sec	PROPN
cblr-1717	138	41	made	make	VERB
cblr-1717	138	42	revisions	revision	NOUN
cblr-1717	138	43	requiring	require	VERB
cblr-1717	138	44	the	the	DET
cblr-1717	138	45	company	company	NOUN
cblr-1717	138	46	to	to	PART
cblr-1717	138	47	discuss	discuss	VERB
cblr-1717	138	48	in	in	ADP
cblr-1717	138	49	the	the	DET
cblr-1717	138	50	narrative	narrative	NOUN
cblr-1717	138	51	disclosure	disclosure	NOUN
cblr-1717	138	52	the	the	DET
cblr-1717	138	53	timing	timing	NOUN
cblr-1717	138	54	of	of	ADP
cblr-1717	138	55	the	the	DET
cblr-1717	138	56	grant	grant	NOUN
cblr-1717	138	57	date	date	NOUN
cblr-1717	138	58	of	of	ADP
cblr-1717	138	59	the	the	DET
cblr-1717	138	60	stocks	stock	NOUN
cblr-1717	138	61	regarding	regard	VERB
cblr-1717	138	62	the	the	DET
cblr-1717	138	63	release	release	NOUN
cblr-1717	138	64	of	of	ADP
cblr-1717	138	65	material	material	NOUN
cblr-1717	138	66	information.37	information.37	NOUN
cblr-1717	138	67	as	as	ADP
cblr-1717	138	68	with	with	ADP
cblr-1717	138	69	the	the	DET
cblr-1717	138	70	changes	change	NOUN
cblr-1717	138	71	in	in	ADP
cblr-1717	138	72	accounting	accounting	NOUN
cblr-1717	138	73	rules	rule	NOUN
cblr-1717	138	74	,	,	PUNCT
cblr-1717	138	75	the	the	DET
cblr-1717	138	76	revised	revise	VERB
cblr-1717	138	77	disclosure	disclosure	NOUN
cblr-1717	138	78	rules	rule	NOUN
cblr-1717	138	79	have	have	AUX
cblr-1717	138	80	made	make	VERB
cblr-1717	138	81	options	option	NOUN
cblr-1717	138	82	an	an	DET
cblr-1717	138	83	increasingly	increasingly	ADV
cblr-1717	138	84	expensive	expensive	ADJ
cblr-1717	138	85	choice	choice	NOUN
cblr-1717	138	86	for	for	ADP
cblr-1717	138	87	companies	company	NOUN
cblr-1717	138	88	.	.	PUNCT
cblr-1717	139	1	c.	c.	NOUN
cblr-1717	139	2	amendments	amendment	NOUN
cblr-1717	139	3	to	to	ADP
cblr-1717	139	4	the	the	DET
cblr-1717	139	5	tax	tax	NOUN
cblr-1717	139	6	code	code	NOUN
cblr-1717	139	7	congress	congress	PROPN
cblr-1717	139	8	has	have	AUX
cblr-1717	139	9	long	long	ADV
cblr-1717	139	10	used	use	VERB
cblr-1717	139	11	the	the	DET
cblr-1717	139	12	federal	federal	ADJ
cblr-1717	139	13	tax	tax	NOUN
cblr-1717	139	14	code	code	NOUN
cblr-1717	139	15	to	to	PART
cblr-1717	139	16	limit	limit	VERB
cblr-1717	139	17	the	the	DET
cblr-1717	139	18	amount	amount	NOUN
cblr-1717	139	19	and	and	CCONJ
cblr-1717	139	20	type	type	NOUN
cblr-1717	139	21	of	of	ADP
cblr-1717	139	22	executive	executive	ADJ
cblr-1717	139	23	compensation	compensation	NOUN
cblr-1717	139	24	.	.	PUNCT
cblr-1717	140	1	proponents	proponent	NOUN
cblr-1717	140	2	of	of	ADP
cblr-1717	140	3	enhanced	enhanced	ADJ
cblr-1717	140	4	executive	executive	ADJ
cblr-1717	140	5	accountability	accountability	NOUN
cblr-1717	140	6	argue	argue	VERB
cblr-1717	140	7	that	that	SCONJ
cblr-1717	140	8	tax	tax	NOUN
cblr-1717	140	9	-	-	PUNCT
cblr-1717	140	10	based	base	VERB
cblr-1717	140	11	initiatives	initiative	NOUN
cblr-1717	140	12	are	be	AUX
cblr-1717	140	13	a	a	DET
cblr-1717	140	14	good	good	ADJ
cblr-1717	140	15	way	way	NOUN
cblr-1717	140	16	to	to	PART
cblr-1717	140	17	make	make	VERB
cblr-1717	140	18	compensation	compensation	NOUN
cblr-1717	140	19	structures	structure	NOUN
cblr-1717	140	20	more	more	ADJ
cblr-1717	140	21	performance	performance	NOUN
cblr-1717	140	22	based.38	based.38	NOUN
cblr-1717	140	23	this	this	PRON
cblr-1717	140	24	is	be	AUX
cblr-1717	140	25	not	not	PART
cblr-1717	140	26	surprising	surprising	ADJ
cblr-1717	140	27	given	give	VERB
cblr-1717	140	28	the	the	DET
cblr-1717	140	29	tax	tax	NOUN
cblr-1717	140	30	implications	implication	NOUN
cblr-1717	140	31	for	for	ADP
cblr-1717	140	32	executives	executive	NOUN
cblr-1717	140	33	and	and	CCONJ
cblr-1717	140	34	corporations	corporation	NOUN
cblr-1717	140	35	regarding	regard	VERB
cblr-1717	140	36	these	these	DET
cblr-1717	140	37	payments	payment	NOUN
cblr-1717	140	38	.	.	PUNCT
cblr-1717	141	1	critics	critic	NOUN
cblr-1717	141	2	,	,	PUNCT
cblr-1717	141	3	however	however	ADV
cblr-1717	141	4	,	,	PUNCT
cblr-1717	141	5	argue	argue	VERB
cblr-1717	141	6	not	not	PART
cblr-1717	141	7	only	only	ADV
cblr-1717	141	8	that	that	SCONJ
cblr-1717	141	9	such	such	ADJ
cblr-1717	141	10	tax	tax	NOUN
cblr-1717	141	11	provisions	provision	NOUN
cblr-1717	141	12	are	be	AUX
cblr-1717	141	13	ineffective	ineffective	ADJ
cblr-1717	141	14	at	at	ADP
cblr-1717	141	15	reducing	reduce	VERB
cblr-1717	141	16	executive	executive	ADJ
cblr-1717	141	17	35	35	NUM
cblr-1717	141	18	executive	executive	NOUN
cblr-1717	141	19	compensation	compensation	NOUN
cblr-1717	141	20	and	and	CCONJ
cblr-1717	141	21	related	related	ADJ
cblr-1717	141	22	person	person	NOUN
cblr-1717	141	23	disclosure	disclosure	NOUN
cblr-1717	141	24	,	,	PUNCT
cblr-1717	141	25	71	71	NUM
cblr-1717	141	26	fed	fed	PROPN
cblr-1717	141	27	.	.	PUNCT
cblr-1717	142	1	reg	reg	PROPN
cblr-1717	142	2	.	.	PUNCT
cblr-1717	143	1	at	at	ADP
cblr-1717	143	2	53,171–72	53,171–72	NUM
cblr-1717	143	3	.	.	PUNCT
cblr-1717	144	1	the	the	DET
cblr-1717	144	2	only	only	ADJ
cblr-1717	144	3	change	change	NOUN
cblr-1717	144	4	is	be	AUX
cblr-1717	144	5	that	that	SCONJ
cblr-1717	144	6	the	the	DET
cblr-1717	144	7	awards	award	NOUN
cblr-1717	144	8	are	be	AUX
cblr-1717	144	9	disclosed	disclose	VERB
cblr-1717	144	10	in	in	ADP
cblr-1717	144	11	dollars	dollar	NOUN
cblr-1717	144	12	,	,	PUNCT
cblr-1717	144	13	rather	rather	ADV
cblr-1717	144	14	than	than	ADP
cblr-1717	144	15	the	the	DET
cblr-1717	144	16	number	number	NOUN
cblr-1717	144	17	of	of	ADP
cblr-1717	144	18	units	unit	NOUN
cblr-1717	144	19	or	or	CCONJ
cblr-1717	144	20	shares	share	NOUN
cblr-1717	144	21	,	,	PUNCT
cblr-1717	144	22	but	but	CCONJ
cblr-1717	144	23	this	this	PRON
cblr-1717	144	24	provides	provide	VERB
cblr-1717	144	25	shareholders	shareholder	NOUN
cblr-1717	144	26	with	with	ADP
cblr-1717	144	27	a	a	DET
cblr-1717	144	28	more	more	ADV
cblr-1717	144	29	accurate	accurate	ADJ
cblr-1717	144	30	and	and	CCONJ
cblr-1717	144	31	current	current	ADJ
cblr-1717	144	32	estimation	estimation	NOUN
cblr-1717	144	33	of	of	ADP
cblr-1717	144	34	the	the	DET
cblr-1717	144	35	value	value	NOUN
cblr-1717	144	36	of	of	ADP
cblr-1717	144	37	the	the	DET
cblr-1717	144	38	compensation	compensation	NOUN
cblr-1717	144	39	package	package	NOUN
cblr-1717	144	40	when	when	SCONJ
cblr-1717	144	41	granted	grant	VERB
cblr-1717	144	42	to	to	ADP
cblr-1717	144	43	the	the	DET
cblr-1717	144	44	highest	high	ADJ
cblr-1717	144	45	paid	pay	VERB
cblr-1717	144	46	executive	executive	ADJ
cblr-1717	144	47	officers	officer	NOUN
cblr-1717	144	48	.	.	PUNCT
cblr-1717	145	1	i	i	PRON
cblr-1717	145	2	d.	d.	PROPN
cblr-1717	145	3	at	at	ADP
cblr-1717	145	4	53,172	53,172	NUM
cblr-1717	145	5	.	.	PUNCT
cblr-1717	146	1	36	36	NUM
cblr-1717	147	1	i	i	PRON
cblr-1717	147	2	d.	d.	PROPN
cblr-1717	147	3	at	at	ADP
cblr-1717	147	4	53,179	53,179	NUM
cblr-1717	147	5	.	.	PUNCT
cblr-1717	148	1	this	this	PRON
cblr-1717	148	2	is	be	AUX
cblr-1717	148	3	important	important	ADJ
cblr-1717	148	4	because	because	SCONJ
cblr-1717	148	5	it	it	PRON
cblr-1717	148	6	required	require	VERB
cblr-1717	148	7	disclosure	disclosure	NOUN
cblr-1717	148	8	of	of	ADP
cblr-1717	148	9	any	any	DET
cblr-1717	148	10	stock	stock	NOUN
cblr-1717	148	11	or	or	CCONJ
cblr-1717	148	12	option	option	NOUN
cblr-1717	148	13	appreciation	appreciation	NOUN
cblr-1717	148	14	right	right	NOUN
cblr-1717	148	15	that	that	PRON
cblr-1717	148	16	was	be	AUX
cblr-1717	148	17	repriced	reprice	VERB
cblr-1717	148	18	or	or	CCONJ
cblr-1717	148	19	materially	materially	ADV
cblr-1717	148	20	modified	modify	VERB
cblr-1717	148	21	during	during	ADP
cblr-1717	148	22	the	the	DET
cblr-1717	148	23	last	last	ADJ
cblr-1717	148	24	completed	complete	VERB
cblr-1717	148	25	fiscal	fiscal	ADJ
cblr-1717	148	26	year	year	NOUN
cblr-1717	148	27	,	,	PUNCT
cblr-1717	148	28	including	include	VERB
cblr-1717	148	29	the	the	DET
cblr-1717	148	30	incremental	incremental	ADJ
cblr-1717	148	31	fair	fair	ADJ
cblr-1717	148	32	value	value	NOUN
cblr-1717	148	33	that	that	PRON
cblr-1717	148	34	was	be	AUX
cblr-1717	148	35	computed	compute	VERB
cblr-1717	148	36	as	as	ADP
cblr-1717	148	37	of	of	ADP
cblr-1717	148	38	the	the	DET
cblr-1717	148	39	repricing	repricing	NOUN
cblr-1717	148	40	or	or	CCONJ
cblr-1717	148	41	modification	modification	NOUN
cblr-1717	148	42	date	date	NOUN
cblr-1717	148	43	.	.	PUNCT
cblr-1717	149	1	the	the	DET
cblr-1717	149	2	objective	objective	NOUN
cblr-1717	149	3	is	be	AUX
cblr-1717	149	4	to	to	PART
cblr-1717	149	5	give	give	VERB
cblr-1717	149	6	shareholders	shareholder	NOUN
cblr-1717	149	7	a	a	DET
cblr-1717	149	8	clear	clear	ADJ
cblr-1717	149	9	and	and	CCONJ
cblr-1717	149	10	current	current	ADJ
cblr-1717	149	11	picture	picture	NOUN
cblr-1717	149	12	of	of	ADP
cblr-1717	149	13	the	the	DET
cblr-1717	149	14	executive	executive	PROPN
cblr-1717	149	15	compensation	compensation	NOUN
cblr-1717	149	16	package	package	NOUN
cblr-1717	149	17	.	.	PUNCT
cblr-1717	150	1	executive	executive	ADJ
cblr-1717	150	2	compensation	compensation	NOUN
cblr-1717	150	3	disclosure	disclosure	NOUN
cblr-1717	150	4	,	,	PUNCT
cblr-1717	150	5	71	71	NUM
cblr-1717	150	6	fed	fed	PROPN
cblr-1717	150	7	.	.	PUNCT
cblr-1717	151	1	reg	reg	PROPN
cblr-1717	151	2	.	.	PUNCT
cblr-1717	152	1	at	at	ADP
cblr-1717	152	2	78,338	78,338	NUM
cblr-1717	152	3	.	.	PUNCT
cblr-1717	152	4	37	37	NUM
cblr-1717	152	5	executive	executive	NOUN
cblr-1717	152	6	compensation	compensation	NOUN
cblr-1717	152	7	and	and	CCONJ
cblr-1717	152	8	related	related	ADJ
cblr-1717	152	9	person	person	NOUN
cblr-1717	152	10	disclosure	disclosure	NOUN
cblr-1717	152	11	,	,	PUNCT
cblr-1717	152	12	71	71	NUM
cblr-1717	152	13	fed	fed	PROPN
cblr-1717	152	14	.	.	PUNCT
cblr-1717	153	1	reg	reg	PROPN
cblr-1717	153	2	.	.	PUNCT
cblr-1717	154	1	at	at	ADP
cblr-1717	154	2	53,163	53,163	NUM
cblr-1717	154	3	.	.	PUNCT
cblr-1717	155	1	examples	example	NOUN
cblr-1717	155	2	include	include	VERB
cblr-1717	155	3	a	a	DET
cblr-1717	155	4	grant	grant	NOUN
cblr-1717	155	5	date	date	NOUN
cblr-1717	155	6	immediately	immediately	ADV
cblr-1717	155	7	prior	prior	ADV
cblr-1717	155	8	to	to	ADP
cblr-1717	155	9	the	the	DET
cblr-1717	155	10	release	release	NOUN
cblr-1717	155	11	of	of	ADP
cblr-1717	155	12	significant	significant	ADJ
cblr-1717	155	13	positive	positive	ADJ
cblr-1717	155	14	earnings	earning	NOUN
cblr-1717	155	15	or	or	CCONJ
cblr-1717	155	16	a	a	DET
cblr-1717	155	17	new	new	ADJ
cblr-1717	155	18	product	product	NOUN
cblr-1717	155	19	development	development	NOUN
cblr-1717	155	20	.	.	PUNCT
cblr-1717	156	1	i	i	PRON
cblr-1717	156	2	d.	d.	PROPN
cblr-1717	156	3	while	while	SCONJ
cblr-1717	156	4	the	the	DET
cblr-1717	156	5	sec	sec	PROPN
cblr-1717	156	6	does	do	AUX
cblr-1717	156	7	not	not	PART
cblr-1717	156	8	comment	comment	VERB
cblr-1717	156	9	on	on	ADP
cblr-1717	156	10	whether	whether	SCONJ
cblr-1717	156	11	it	it	PRON
cblr-1717	156	12	is	be	AUX
cblr-1717	156	13	good	good	ADJ
cblr-1717	156	14	or	or	CCONJ
cblr-1717	156	15	bad	bad	ADJ
cblr-1717	156	16	practice	practice	NOUN
cblr-1717	156	17	to	to	ADP
cblr-1717	156	18	time	time	NOUN
cblr-1717	156	19	grant	grant	NOUN
cblr-1717	156	20	dates	date	NOUN
cblr-1717	156	21	,	,	PUNCT
cblr-1717	156	22	its	its	PRON
cblr-1717	156	23	disclosure	disclosure	NOUN
cblr-1717	156	24	requirement	requirement	NOUN
cblr-1717	156	25	appears	appear	VERB
cblr-1717	156	26	to	to	PART
cblr-1717	156	27	be	be	AUX
cblr-1717	156	28	in	in	ADP
cblr-1717	156	29	line	line	NOUN
cblr-1717	156	30	with	with	ADP
cblr-1717	156	31	an	an	DET
cblr-1717	156	32	attempt	attempt	NOUN
cblr-1717	156	33	to	to	PART
cblr-1717	156	34	prevent	prevent	VERB
cblr-1717	156	35	options	option	NOUN
cblr-1717	156	36	backdating	backdating	NOUN
cblr-1717	156	37	.	.	PUNCT
cblr-1717	157	1	38	38	NUM
cblr-1717	157	2	kathryn	kathryn	PROPN
cblr-1717	157	3	j.	j.	PROPN
cblr-1717	157	4	kennedy	kennedy	PROPN
cblr-1717	157	5	,	,	PUNCT
cblr-1717	157	6	excessive	excessive	ADJ
cblr-1717	157	7	executive	executive	ADJ
cblr-1717	157	8	compensation	compensation	NOUN
cblr-1717	157	9	:	:	PUNCT
cblr-1717	157	10	prior	prior	ADJ
cblr-1717	157	11	federal	federal	ADJ
cblr-1717	157	12	attempts	attempt	NOUN
cblr-1717	157	13	to	to	PART
cblr-1717	157	14	curb	curb	VERB
cblr-1717	157	15	perceived	perceive	VERB
cblr-1717	157	16	abuses	abuse	NOUN
cblr-1717	157	17	,	,	PUNCT
cblr-1717	157	18	10	10	NUM
cblr-1717	157	19	hous	hous	ADJ
cblr-1717	157	20	.	.	PUNCT
cblr-1717	158	1	bus	bus	NOUN
cblr-1717	158	2	.	.	PUNCT
cblr-1717	158	3	&	&	CCONJ
cblr-1717	158	4	tax	tax	PROPN
cblr-1717	158	5	l.j	l.j	PROPN
cblr-1717	158	6	.	.	PROPN
cblr-1717	158	7	196	196	NUM
cblr-1717	158	8	,	,	PUNCT
cblr-1717	158	9	199	199	NUM
cblr-1717	158	10	(	(	PUNCT
cblr-1717	158	11	2010	2010	NUM
cblr-1717	158	12	)	)	PUNCT
cblr-1717	158	13	.	.	PUNCT
cblr-1717	159	1	ades	ades	PROPN
cblr-1717	159	2	-	-	PUNCT
cblr-1717	159	3	laurent	laurent	NOUN
cblr-1717	159	4	–	–	PUNCT
cblr-1717	159	5	final	final	ADJ
cblr-1717	159	6	no	no	NOUN
cblr-1717	159	7	.	.	PUNCT
cblr-1717	160	1	1:347	1:347	NUM
cblr-1717	160	2	]	]	PUNCT
cblr-1717	160	3	disappearing	disappear	VERB
cblr-1717	160	4	stock	stock	NOUN
cblr-1717	160	5	options	option	NOUN
cblr-1717	160	6	357	357	NUM
cblr-1717	160	7	compensation	compensation	NOUN
cblr-1717	160	8	levels	level	NOUN
cblr-1717	160	9	,	,	PUNCT
cblr-1717	160	10	but	but	CCONJ
cblr-1717	160	11	also	also	ADV
cblr-1717	160	12	that	that	SCONJ
cblr-1717	160	13	they	they	PRON
cblr-1717	160	14	impose	impose	VERB
cblr-1717	160	15	a	a	DET
cblr-1717	160	16	variety	variety	NOUN
cblr-1717	160	17	of	of	ADP
cblr-1717	160	18	unexpected	unexpected	ADJ
cblr-1717	160	19	costs.39	costs.39	PROPN
cblr-1717	160	20	two	two	NUM
cblr-1717	160	21	sections	section	NOUN
cblr-1717	160	22	in	in	ADP
cblr-1717	160	23	the	the	DET
cblr-1717	160	24	code	code	NOUN
cblr-1717	160	25	that	that	PRON
cblr-1717	160	26	target	target	VERB
cblr-1717	160	27	executive	executive	NOUN
cblr-1717	160	28	compensation	compensation	NOUN
cblr-1717	160	29	are	be	AUX
cblr-1717	160	30	discussed	discuss	VERB
cblr-1717	160	31	below	below	ADV
cblr-1717	160	32	:	:	PUNCT
cblr-1717	160	33	section	section	NOUN
cblr-1717	160	34	409a	409a	PROPN
cblr-1717	160	35	and	and	CCONJ
cblr-1717	160	36	section	section	NOUN
cblr-1717	160	37	162(m).40	162(m).40	NUM
cblr-1717	160	38	1	1	NUM
cblr-1717	160	39	.	.	PUNCT
cblr-1717	160	40	section	section	NOUN
cblr-1717	160	41	409a	409a	PROPN
cblr-1717	160	42	on	on	ADP
cblr-1717	160	43	october	october	PROPN
cblr-1717	160	44	22	22	NUM
cblr-1717	160	45	,	,	PUNCT
cblr-1717	160	46	2004	2004	NUM
cblr-1717	160	47	,	,	PUNCT
cblr-1717	160	48	president	president	PROPN
cblr-1717	160	49	george	george	PROPN
cblr-1717	160	50	w.	w.	PROPN
cblr-1717	160	51	bush	bush	PROPN
cblr-1717	160	52	signed	sign	VERB
cblr-1717	160	53	the	the	DET
cblr-1717	160	54	american	american	ADJ
cblr-1717	160	55	jobs	jobs	PROPN
cblr-1717	160	56	creation	creation	PROPN
cblr-1717	160	57	act	act	NOUN
cblr-1717	160	58	of	of	ADP
cblr-1717	160	59	2004	2004	NUM
cblr-1717	160	60	,	,	PUNCT
cblr-1717	160	61	creating	create	VERB
cblr-1717	160	62	section	section	NOUN
cblr-1717	160	63	409a	409a	NOUN
cblr-1717	160	64	of	of	ADP
cblr-1717	160	65	the	the	DET
cblr-1717	160	66	internal	internal	ADJ
cblr-1717	160	67	revenue	revenue	NOUN
cblr-1717	160	68	code.41	code.41	PROPN
cblr-1717	160	69	this	this	DET
cblr-1717	160	70	section	section	NOUN
cblr-1717	160	71	implemented	implement	VERB
cblr-1717	160	72	sweeping	sweeping	ADJ
cblr-1717	160	73	changes	change	NOUN
cblr-1717	160	74	to	to	ADP
cblr-1717	160	75	the	the	DET
cblr-1717	160	76	tax	tax	NOUN
cblr-1717	160	77	law	law	NOUN
cblr-1717	160	78	applicable	applicable	ADJ
cblr-1717	160	79	to	to	ADP
cblr-1717	160	80	nonqualified	nonqualifie	VERB
cblr-1717	160	81	deferred	defer	VERB
cblr-1717	160	82	compensation	compensation	NOUN
cblr-1717	160	83	(	(	PUNCT
cblr-1717	160	84	“	"	PUNCT
cblr-1717	160	85	nqdc	nqdc	NOUN
cblr-1717	160	86	”	"	PUNCT
cblr-1717	160	87	)	)	PUNCT
cblr-1717	160	88	plans	plan	NOUN
cblr-1717	160	89	,	,	PUNCT
cblr-1717	160	90	which	which	PRON
cblr-1717	160	91	often	often	ADV
cblr-1717	160	92	consist	consist	VERB
cblr-1717	160	93	of	of	ADP
cblr-1717	160	94	non	non	ADJ
cblr-1717	160	95	-	-	ADJ
cblr-1717	160	96	qualified	qualified	ADJ
cblr-1717	160	97	stock	stock	NOUN
cblr-1717	160	98	options	option	NOUN
cblr-1717	160	99	(	(	PUNCT
cblr-1717	160	100	“	"	PUNCT
cblr-1717	160	101	nqso”).42	nqso”).42	X
cblr-1717	160	102	employers	employer	NOUN
cblr-1717	160	103	often	often	ADV
cblr-1717	160	104	use	use	VERB
cblr-1717	160	105	nqdc	nqdc	NOUN
cblr-1717	160	106	plans	plan	NOUN
cblr-1717	160	107	to	to	PART
cblr-1717	160	108	induce	induce	VERB
cblr-1717	160	109	certain	certain	ADJ
cblr-1717	160	110	behavior	behavior	NOUN
cblr-1717	160	111	.	.	PUNCT
cblr-1717	161	1	for	for	ADP
cblr-1717	161	2	instance	instance	NOUN
cblr-1717	161	3	,	,	PUNCT
cblr-1717	161	4	a	a	DET
cblr-1717	161	5	company	company	NOUN
cblr-1717	161	6	may	may	AUX
cblr-1717	161	7	condition	condition	VERB
cblr-1717	161	8	that	that	SCONJ
cblr-1717	161	9	certain	certain	ADJ
cblr-1717	161	10	compensation	compensation	NOUN
cblr-1717	161	11	will	will	AUX
cblr-1717	161	12	be	be	AUX
cblr-1717	161	13	paid	pay	VERB
cblr-1717	161	14	only	only	ADV
cblr-1717	161	15	if	if	SCONJ
cblr-1717	161	16	the	the	DET
cblr-1717	161	17	executive	executive	NOUN
cblr-1717	161	18	remains	remain	VERB
cblr-1717	161	19	with	with	ADP
cblr-1717	161	20	the	the	DET
cblr-1717	161	21	company	company	NOUN
cblr-1717	161	22	for	for	ADP
cblr-1717	161	23	a	a	DET
cblr-1717	161	24	specified	specified	ADJ
cblr-1717	161	25	number	number	NOUN
cblr-1717	161	26	of	of	ADP
cblr-1717	161	27	years	year	NOUN
cblr-1717	161	28	.	.	PUNCT
cblr-1717	162	1	the	the	DET
cblr-1717	162	2	company	company	NOUN
cblr-1717	162	3	may	may	AUX
cblr-1717	162	4	also	also	ADV
cblr-1717	162	5	require	require	VERB
cblr-1717	162	6	the	the	DET
cblr-1717	162	7	deferral	deferral	NOUN
cblr-1717	162	8	of	of	ADP
cblr-1717	162	9	certain	certain	ADJ
cblr-1717	162	10	compensation	compensation	NOUN
cblr-1717	162	11	in	in	ADP
cblr-1717	162	12	39	39	NUM
cblr-1717	162	13	see	see	NOUN
cblr-1717	162	14	generally	generally	ADV
cblr-1717	162	15	andrew	andrew	PROPN
cblr-1717	162	16	c.w	c.w	PROPN
cblr-1717	162	17	.	.	PROPN
cblr-1717	162	18	lund	lund	PROPN
cblr-1717	162	19	,	,	PUNCT
cblr-1717	162	20	tax	tax	NOUN
cblr-1717	162	21	’s	’s	PART
cblr-1717	162	22	triviality	triviality	NOUN
cblr-1717	162	23	as	as	ADP
cblr-1717	162	24	a	a	DET
cblr-1717	162	25	payreforming	payreforme	VERB
cblr-1717	162	26	device	device	NOUN
cblr-1717	162	27	,	,	PUNCT
cblr-1717	162	28	57	57	NUM
cblr-1717	162	29	vill	vill	NOUN
cblr-1717	162	30	.	.	PUNCT
cblr-1717	163	1	l.	l.	PROPN
cblr-1717	163	2	rev	rev	PROPN
cblr-1717	163	3	.	.	PROPN
cblr-1717	163	4	571	571	NUM
cblr-1717	163	5	(	(	PUNCT
cblr-1717	163	6	2012	2012	NUM
cblr-1717	163	7	)	)	PUNCT
cblr-1717	163	8	;	;	PUNCT
cblr-1717	163	9	joy	joy	NOUN
cblr-1717	163	10	sabino	sabino	NOUN
cblr-1717	163	11	mullane	mullane	NOUN
cblr-1717	163	12	,	,	PUNCT
cblr-1717	163	13	incidence	incidence	NOUN
cblr-1717	163	14	and	and	CCONJ
cblr-1717	163	15	accidents	accident	NOUN
cblr-1717	163	16	:	:	PUNCT
cblr-1717	163	17	regulation	regulation	NOUN
cblr-1717	163	18	of	of	ADP
cblr-1717	163	19	executive	executive	ADJ
cblr-1717	163	20	compensation	compensation	NOUN
cblr-1717	163	21	through	through	ADP
cblr-1717	163	22	the	the	DET
cblr-1717	163	23	tax	tax	NOUN
cblr-1717	163	24	code	code	NOUN
cblr-1717	163	25	,	,	PUNCT
cblr-1717	163	26	13	13	NUM
cblr-1717	163	27	lewis	lewis	PROPN
cblr-1717	163	28	&	&	CCONJ
cblr-1717	163	29	clark	clark	PROPN
cblr-1717	163	30	l.	l.	PROPN
cblr-1717	163	31	rev	rev	PROPN
cblr-1717	163	32	.	.	PROPN
cblr-1717	163	33	485	485	NUM
cblr-1717	163	34	(	(	PUNCT
cblr-1717	163	35	2009	2009	NUM
cblr-1717	163	36	)	)	PUNCT
cblr-1717	163	37	;	;	PUNCT
cblr-1717	163	38	susan	susan	PROPN
cblr-1717	163	39	j.	j.	PROPN
cblr-1717	163	40	stabile	stabile	PROPN
cblr-1717	163	41	,	,	PUNCT
cblr-1717	163	42	is	be	AUX
cblr-1717	163	43	there	there	PRON
cblr-1717	163	44	a	a	DET
cblr-1717	163	45	role	role	NOUN
cblr-1717	163	46	for	for	ADP
cblr-1717	163	47	tax	tax	NOUN
cblr-1717	163	48	law	law	NOUN
cblr-1717	163	49	in	in	ADP
cblr-1717	163	50	policing	police	VERB
cblr-1717	163	51	executive	executive	ADJ
cblr-1717	163	52	compensation	compensation	NOUN
cblr-1717	163	53	?	?	PUNCT
cblr-1717	163	54	,	,	PUNCT
cblr-1717	163	55	72	72	NUM
cblr-1717	163	56	st	st	PROPN
cblr-1717	163	57	.	.	PROPN
cblr-1717	163	58	john	john	PROPN
cblr-1717	163	59	’s	’s	PROPN
cblr-1717	163	60	l.	l.	PROPN
cblr-1717	163	61	rev	rev	PROPN
cblr-1717	163	62	.	.	PROPN
cblr-1717	163	63	81	81	NUM
cblr-1717	163	64	(	(	PUNCT
cblr-1717	163	65	1998	1998	NUM
cblr-1717	163	66	)	)	PUNCT
cblr-1717	163	67	;	;	PUNCT
cblr-1717	163	68	kennedy	kennedy	PROPN
cblr-1717	163	69	,	,	PUNCT
cblr-1717	163	70	supra	supra	PROPN
cblr-1717	163	71	note	note	PROPN
cblr-1717	163	72	38	38	NUM
cblr-1717	163	73	.	.	PUNCT
cblr-1717	164	1	40	40	NUM
cblr-1717	165	1	these	these	DET
cblr-1717	165	2	examples	example	NOUN
cblr-1717	165	3	are	be	AUX
cblr-1717	165	4	not	not	PART
cblr-1717	165	5	exhaustive	exhaustive	ADJ
cblr-1717	165	6	but	but	CCONJ
cblr-1717	165	7	an	an	DET
cblr-1717	165	8	extensive	extensive	ADJ
cblr-1717	165	9	analysis	analysis	NOUN
cblr-1717	165	10	of	of	ADP
cblr-1717	165	11	the	the	DET
cblr-1717	165	12	tax	tax	NOUN
cblr-1717	165	13	code	code	NOUN
cblr-1717	165	14	is	be	AUX
cblr-1717	165	15	beyond	beyond	ADP
cblr-1717	165	16	the	the	DET
cblr-1717	165	17	scope	scope	NOUN
cblr-1717	165	18	of	of	ADP
cblr-1717	165	19	this	this	DET
cblr-1717	165	20	note	note	NOUN
cblr-1717	165	21	.	.	PUNCT
cblr-1717	166	1	another	another	DET
cblr-1717	166	2	example	example	NOUN
cblr-1717	166	3	includes	include	VERB
cblr-1717	166	4	restrictions	restriction	NOUN
cblr-1717	166	5	on	on	ADP
cblr-1717	166	6	the	the	DET
cblr-1717	166	7	terms	term	NOUN
cblr-1717	166	8	of	of	ADP
cblr-1717	166	9	golden	golden	ADJ
cblr-1717	166	10	parachute	parachute	NOUN
cblr-1717	166	11	payments	payment	NOUN
cblr-1717	166	12	.	.	PUNCT
cblr-1717	167	1	see	see	VERB
cblr-1717	167	2	i.r.c	i.r.c	NOUN
cblr-1717	167	3	.	.	PUNCT
cblr-1717	168	1	§	§	PROPN
cblr-1717	168	2	280	280	NUM
cblr-1717	168	3	g	g	NOUN
cblr-1717	168	4	(	(	PUNCT
cblr-1717	168	5	2012	2012	NUM
cblr-1717	168	6	)	)	PUNCT
cblr-1717	168	7	;	;	PUNCT
cblr-1717	168	8	i.r.c	i.r.c	NOUN
cblr-1717	168	9	.	.	PUNCT
cblr-1717	169	1	§	§	PROPN
cblr-1717	169	2	4999	4999	NUM
cblr-1717	169	3	(	(	PUNCT
cblr-1717	169	4	2012	2012	NUM
cblr-1717	169	5	)	)	PUNCT
cblr-1717	169	6	.	.	PUNCT
cblr-1717	170	1	41	41	NUM
cblr-1717	170	2	american	american	ADJ
cblr-1717	170	3	jobs	job	NOUN
cblr-1717	170	4	creation	creation	PROPN
cblr-1717	170	5	act	act	NOUN
cblr-1717	170	6	of	of	ADP
cblr-1717	170	7	2004	2004	NUM
cblr-1717	170	8	,	,	PUNCT
cblr-1717	170	9	pub	pub	NOUN
cblr-1717	170	10	.	.	PUNCT
cblr-1717	171	1	l.	l.	PROPN
cblr-1717	171	2	no	no	INTJ
cblr-1717	171	3	.	.	PROPN
cblr-1717	172	1	108	108	NUM
cblr-1717	172	2	-	-	SYM
cblr-1717	172	3	357	357	NUM
cblr-1717	172	4	,	,	PUNCT
cblr-1717	172	5	§	§	NOUN
cblr-1717	172	6	885	885	NUM
cblr-1717	172	7	,	,	PUNCT
cblr-1717	172	8	118	118	NUM
cblr-1717	172	9	stat	stat	NOUN
cblr-1717	172	10	.	.	PUNCT
cblr-1717	173	1	1418	1418	NUM
cblr-1717	173	2	(	(	PUNCT
cblr-1717	173	3	2004	2004	NUM
cblr-1717	173	4	)	)	PUNCT
cblr-1717	173	5	.	.	PUNCT
cblr-1717	174	1	42	42	NUM
cblr-1717	174	2	an	an	DET
cblr-1717	174	3	nqdc	nqdc	NOUN
cblr-1717	174	4	plan	plan	NOUN
cblr-1717	174	5	is	be	AUX
cblr-1717	174	6	an	an	DET
cblr-1717	174	7	arrangement	arrangement	NOUN
cblr-1717	174	8	between	between	ADP
cblr-1717	174	9	an	an	DET
cblr-1717	174	10	employer	employer	NOUN
cblr-1717	174	11	and	and	CCONJ
cblr-1717	174	12	one	one	NUM
cblr-1717	174	13	or	or	CCONJ
cblr-1717	174	14	more	more	ADJ
cblr-1717	174	15	employees	employee	NOUN
cblr-1717	174	16	to	to	PART
cblr-1717	174	17	defer	defer	VERB
cblr-1717	174	18	the	the	DET
cblr-1717	174	19	receipt	receipt	NOUN
cblr-1717	174	20	of	of	ADP
cblr-1717	174	21	currently	currently	ADV
cblr-1717	174	22	earned	earn	VERB
cblr-1717	174	23	compensation	compensation	NOUN
cblr-1717	174	24	.	.	PUNCT
cblr-1717	175	1	i.r.c	i.r.c	NOUN
cblr-1717	175	2	.	.	PUNCT
cblr-1717	176	1	§	§	PROPN
cblr-1717	176	2	409a	409a	PROPN
cblr-1717	176	3	applies	apply	VERB
cblr-1717	176	4	to	to	ADP
cblr-1717	176	5	any	any	DET
cblr-1717	176	6	plan	plan	NOUN
cblr-1717	176	7	providing	provide	VERB
cblr-1717	176	8	for	for	ADP
cblr-1717	176	9	a	a	DET
cblr-1717	176	10	deferral	deferral	NOUN
cblr-1717	176	11	of	of	ADP
cblr-1717	176	12	compensation	compensation	NOUN
cblr-1717	176	13	other	other	ADJ
cblr-1717	176	14	than	than	ADP
cblr-1717	176	15	a	a	DET
cblr-1717	176	16	qualified	qualified	ADJ
cblr-1717	176	17	employer	employer	NOUN
cblr-1717	176	18	plan	plan	NOUN
cblr-1717	176	19	.	.	PUNCT
cblr-1717	177	1	qualified	qualified	ADJ
cblr-1717	177	2	employer	employer	NOUN
cblr-1717	177	3	plans	plan	NOUN
cblr-1717	177	4	include	include	VERB
cblr-1717	177	5	tax	tax	NOUN
cblr-1717	177	6	-	-	PUNCT
cblr-1717	177	7	qualified	qualified	ADJ
cblr-1717	177	8	retirement	retirement	NOUN
cblr-1717	177	9	plans	plan	NOUN
cblr-1717	177	10	(	(	PUNCT
cblr-1717	177	11	i.r.c	i.r.c	NOUN
cblr-1717	177	12	.	.	PUNCT
cblr-1717	178	1	§	§	PROPN
cblr-1717	178	2	401(a	401(a	PROPN
cblr-1717	178	3	)	)	PUNCT
cblr-1717	178	4	qualified	qualified	ADJ
cblr-1717	178	5	plans	plan	NOUN
cblr-1717	178	6	,	,	PUNCT
cblr-1717	178	7	457(b	457(b	NUM
cblr-1717	178	8	)	)	PUNCT
cblr-1717	178	9	plans	plan	NOUN
cblr-1717	178	10	,	,	PUNCT
cblr-1717	178	11	403(a	403(a	NOUN
cblr-1717	178	12	)	)	PUNCT
cblr-1717	178	13	and	and	CCONJ
cblr-1717	178	14	(	(	PUNCT
cblr-1717	178	15	b	b	NOUN
cblr-1717	178	16	)	)	PUNCT
cblr-1717	178	17	annuity	annuity	NOUN
cblr-1717	178	18	plans	plan	NOUN
cblr-1717	178	19	,	,	PUNCT
cblr-1717	178	20	seps	sep	NOUN
cblr-1717	178	21	,	,	PUNCT
cblr-1717	178	22	simples	simple	NOUN
cblr-1717	178	23	,	,	PUNCT
cblr-1717	178	24	and	and	CCONJ
cblr-1717	178	25	government	government	NOUN
cblr-1717	178	26	excess	excess	ADJ
cblr-1717	178	27	benefit	benefit	NOUN
cblr-1717	178	28	arrangements	arrangement	NOUN
cblr-1717	178	29	under	under	ADP
cblr-1717	178	30	i.r.c	i.r.c	NOUN
cblr-1717	178	31	.	.	PUNCT
cblr-1717	179	1	§	§	PROPN
cblr-1717	179	2	415(m))—or	415(m))—or	PROPN
cblr-1717	179	3	a	a	DET
cblr-1717	179	4	bona	bona	ADJ
cblr-1717	179	5	fide	fide	ADJ
cblr-1717	179	6	vacation	vacation	NOUN
cblr-1717	179	7	,	,	PUNCT
cblr-1717	179	8	sickness	sickness	NOUN
cblr-1717	179	9	,	,	PUNCT
cblr-1717	179	10	disability	disability	NOUN
cblr-1717	179	11	,	,	PUNCT
cblr-1717	179	12	and	and	CCONJ
cblr-1717	179	13	death	death	NOUN
cblr-1717	179	14	benefit	benefit	NOUN
cblr-1717	179	15	plan	plan	NOUN
cblr-1717	179	16	.	.	PUNCT
cblr-1717	180	1	finance	finance	NOUN
cblr-1717	180	2	committee	committee	PROPN
cblr-1717	180	3	hearing	hearing	NOUN
cblr-1717	180	4	,	,	PUNCT
cblr-1717	180	5	supra	supra	PROPN
cblr-1717	180	6	note	note	PROPN
cblr-1717	180	7	22	22	NUM
cblr-1717	180	8	,	,	PUNCT
cblr-1717	180	9	at	at	ADP
cblr-1717	180	10	20	20	NUM
cblr-1717	180	11	.	.	PUNCT
cblr-1717	181	1	ades	ade	NOUN
cblr-1717	181	2	-	-	PUNCT
cblr-1717	181	3	laurent	laurent	NOUN
cblr-1717	181	4	–	–	PUNCT
cblr-1717	181	5	final	final	ADJ
cblr-1717	181	6	358	358	NUM
cblr-1717	181	7	columbia	columbia	PROPN
cblr-1717	181	8	business	business	NOUN
cblr-1717	181	9	law	law	PROPN
cblr-1717	181	10	review	review	NOUN
cblr-1717	182	1	[	[	X
cblr-1717	182	2	vol	vol	NOUN
cblr-1717	182	3	.	.	NOUN
cblr-1717	182	4	2017	2017	NUM
cblr-1717	182	5	order	order	NOUN
cblr-1717	182	6	to	to	PART
cblr-1717	182	7	comply	comply	VERB
cblr-1717	182	8	with	with	ADP
cblr-1717	182	9	the	the	DET
cblr-1717	182	10	section	section	NOUN
cblr-1717	182	11	162(m	162(m	NUM
cblr-1717	182	12	)	)	PUNCT
cblr-1717	182	13	limitation	limitation	NOUN
cblr-1717	182	14	on	on	ADP
cblr-1717	182	15	the	the	DET
cblr-1717	182	16	deductibility	deductibility	NOUN
cblr-1717	182	17	of	of	ADP
cblr-1717	182	18	compensation	compensation	NOUN
cblr-1717	182	19	in	in	ADP
cblr-1717	182	20	excess	excess	NOUN
cblr-1717	182	21	of	of	ADP
cblr-1717	182	22	$	$	SYM
cblr-1717	182	23	1	1	NUM
cblr-1717	182	24	million.43	million.43	NOUN
cblr-1717	182	25	section	section	NOUN
cblr-1717	182	26	409a	409a	PROPN
cblr-1717	182	27	was	be	AUX
cblr-1717	182	28	the	the	DET
cblr-1717	182	29	first	first	ADJ
cblr-1717	182	30	rule	rule	NOUN
cblr-1717	182	31	that	that	PRON
cblr-1717	182	32	specifically	specifically	ADV
cblr-1717	182	33	governed	govern	VERB
cblr-1717	182	34	the	the	DET
cblr-1717	182	35	tax	tax	NOUN
cblr-1717	182	36	treatment	treatment	NOUN
cblr-1717	182	37	of	of	ADP
cblr-1717	182	38	nqdc	nqdc	PROPN
cblr-1717	182	39	plans.44	plans.44	PROPN
cblr-1717	182	40	section	section	NOUN
cblr-1717	182	41	409a	409a	PROPN
cblr-1717	182	42	provides	provide	VERB
cblr-1717	182	43	that	that	PRON
cblr-1717	182	44	amounts	amount	NOUN
cblr-1717	182	45	deferred	defer	VERB
cblr-1717	182	46	under	under	ADP
cblr-1717	182	47	an	an	DET
cblr-1717	182	48	nqdc	nqdc	NOUN
cblr-1717	182	49	plan	plan	NOUN
cblr-1717	182	50	will	will	AUX
cblr-1717	182	51	be	be	AUX
cblr-1717	182	52	includible	includible	ADJ
cblr-1717	182	53	in	in	ADP
cblr-1717	182	54	income	income	NOUN
cblr-1717	182	55	and	and	CCONJ
cblr-1717	182	56	subject	subject	ADJ
cblr-1717	182	57	to	to	ADP
cblr-1717	182	58	an	an	DET
cblr-1717	182	59	additional	additional	ADJ
cblr-1717	182	60	20	20	NUM
cblr-1717	182	61	%	%	NOUN
cblr-1717	182	62	excise	excise	NOUN
cblr-1717	182	63	tax.45	tax.45	NOUN
cblr-1717	182	64	simply	simply	ADV
cblr-1717	182	65	put	put	VERB
cblr-1717	182	66	,	,	PUNCT
cblr-1717	182	67	section	section	NOUN
cblr-1717	182	68	409a	409a	PROPN
cblr-1717	182	69	penalizes	penalize	VERB
cblr-1717	182	70	improper	improper	ADJ
cblr-1717	182	71	deferrals	deferral	NOUN
cblr-1717	182	72	of	of	ADP
cblr-1717	182	73	compensation	compensation	NOUN
cblr-1717	182	74	by	by	ADP
cblr-1717	182	75	imposing	impose	VERB
cblr-1717	182	76	heavy	heavy	ADJ
cblr-1717	182	77	tax	tax	NOUN
cblr-1717	182	78	consequences	consequence	NOUN
cblr-1717	182	79	.	.	PUNCT
cblr-1717	183	1	the	the	DET
cblr-1717	183	2	rule	rule	NOUN
cblr-1717	183	3	’s	’s	PART
cblr-1717	183	4	objective	objective	NOUN
cblr-1717	183	5	is	be	AUX
cblr-1717	183	6	to	to	PART
cblr-1717	183	7	eliminate	eliminate	VERB
cblr-1717	183	8	abuses	abuse	NOUN
cblr-1717	183	9	related	relate	VERB
cblr-1717	183	10	to	to	ADP
cblr-1717	183	11	election	election	NOUN
cblr-1717	183	12	timing	timing	NOUN
cblr-1717	183	13	,	,	PUNCT
cblr-1717	183	14	distribution	distribution	NOUN
cblr-1717	183	15	timing	timing	NOUN
cblr-1717	183	16	,	,	PUNCT
cblr-1717	183	17	and	and	CCONJ
cblr-1717	183	18	the	the	DET
cblr-1717	183	19	ability	ability	NOUN
cblr-1717	183	20	to	to	PART
cblr-1717	183	21	take	take	VERB
cblr-1717	183	22	accelerated	accelerated	ADJ
cblr-1717	183	23	payments	payment	NOUN
cblr-1717	183	24	under	under	ADP
cblr-1717	183	25	such	such	ADJ
cblr-1717	183	26	plans.46	plans.46	NOUN
cblr-1717	183	27	the	the	DET
cblr-1717	183	28	irs	irs	PROPN
cblr-1717	183	29	issued	issue	VERB
cblr-1717	183	30	guidance	guidance	NOUN
cblr-1717	183	31	under	under	ADP
cblr-1717	183	32	409a	409a	NOUN
cblr-1717	183	33	in	in	ADP
cblr-1717	183	34	notice	notice	NOUN
cblr-1717	183	35	2005	2005	NUM
cblr-1717	183	36	-	-	SYM
cblr-1717	183	37	1	1	NUM
cblr-1717	183	38	released	release	VERB
cblr-1717	183	39	on	on	ADP
cblr-1717	183	40	december	december	PROPN
cblr-1717	183	41	43	43	NUM
cblr-1717	183	42	see	see	VERB
cblr-1717	183	43	infra	infra	NOUN
cblr-1717	183	44	section	section	NOUN
cblr-1717	183	45	ii.c.2	ii.c.2	NOUN
cblr-1717	183	46	,	,	PUNCT
cblr-1717	183	47	section	section	NOUN
cblr-1717	183	48	iv.b.2	iv.b.2	NOUN
cblr-1717	183	49	.	.	PROPN
cblr-1717	184	1	44	44	NUM
cblr-1717	184	2	finance	finance	NOUN
cblr-1717	184	3	committee	committee	NOUN
cblr-1717	184	4	hearing	hearing	NOUN
cblr-1717	184	5	,	,	PUNCT
cblr-1717	184	6	supra	supra	PROPN
cblr-1717	184	7	note	note	PROPN
cblr-1717	184	8	22	22	NUM
cblr-1717	184	9	,	,	PUNCT
cblr-1717	184	10	at	at	ADP
cblr-1717	184	11	19	19	NUM
cblr-1717	184	12	.	.	PUNCT
cblr-1717	184	13	incentive	incentive	NOUN
cblr-1717	184	14	stock	stock	NOUN
cblr-1717	184	15	options	option	NOUN
cblr-1717	184	16	(	(	PUNCT
cblr-1717	184	17	“	"	PUNCT
cblr-1717	184	18	isos	isos	ADJ
cblr-1717	184	19	,	,	PUNCT
cblr-1717	184	20	”	"	PUNCT
cblr-1717	184	21	or	or	CCONJ
cblr-1717	184	22	statutory	statutory	ADJ
cblr-1717	184	23	stock	stock	NOUN
cblr-1717	184	24	options	option	NOUN
cblr-1717	184	25	)	)	PUNCT
cblr-1717	184	26	receive	receive	VERB
cblr-1717	184	27	a	a	DET
cblr-1717	184	28	more	more	ADV
cblr-1717	184	29	beneficial	beneficial	ADJ
cblr-1717	184	30	tax	tax	NOUN
cblr-1717	184	31	treatment	treatment	NOUN
cblr-1717	184	32	than	than	SCONJ
cblr-1717	184	33	do	do	VERB
cblr-1717	184	34	nqsos	nqso	NOUN
cblr-1717	184	35	,	,	PUNCT
cblr-1717	184	36	but	but	CCONJ
cblr-1717	184	37	there	there	PRON
cblr-1717	184	38	are	be	VERB
cblr-1717	184	39	several	several	ADJ
cblr-1717	184	40	requirements	requirement	NOUN
cblr-1717	184	41	that	that	SCONJ
cblr-1717	184	42	the	the	DET
cblr-1717	184	43	plan	plan	NOUN
cblr-1717	184	44	must	must	AUX
cblr-1717	184	45	meet	meet	VERB
cblr-1717	184	46	to	to	PART
cblr-1717	184	47	qualify	qualify	VERB
cblr-1717	184	48	as	as	ADP
cblr-1717	184	49	an	an	DET
cblr-1717	184	50	iso	iso	NOUN
cblr-1717	184	51	.	.	PUNCT
cblr-1717	185	1	these	these	DET
cblr-1717	185	2	requirements	requirement	NOUN
cblr-1717	185	3	,	,	PUNCT
cblr-1717	185	4	which	which	PRON
cblr-1717	185	5	are	be	AUX
cblr-1717	185	6	listed	list	VERB
cblr-1717	185	7	in	in	ADP
cblr-1717	185	8	i.r.c	i.r.c	NOUN
cblr-1717	185	9	.	.	PUNCT
cblr-1717	186	1	§	§	PROPN
cblr-1717	186	2	422(b	422(b	PROPN
cblr-1717	186	3	)	)	PUNCT
cblr-1717	186	4	,	,	PUNCT
cblr-1717	186	5	include	include	VERB
cblr-1717	186	6	the	the	DET
cblr-1717	186	7	following	follow	VERB
cblr-1717	186	8	:	:	PUNCT
cblr-1717	186	9	options	option	NOUN
cblr-1717	186	10	must	must	AUX
cblr-1717	186	11	be	be	AUX
cblr-1717	186	12	exercised	exercise	VERB
cblr-1717	186	13	within	within	ADP
cblr-1717	186	14	10	10	NUM
cblr-1717	186	15	years	year	NOUN
cblr-1717	186	16	of	of	ADP
cblr-1717	186	17	their	their	PRON
cblr-1717	186	18	grant	grant	NOUN
cblr-1717	186	19	;	;	PUNCT
cblr-1717	186	20	they	they	PRON
cblr-1717	186	21	must	must	AUX
cblr-1717	186	22	be	be	AUX
cblr-1717	186	23	nontransferable	nontransferable	ADJ
cblr-1717	186	24	except	except	SCONJ
cblr-1717	186	25	by	by	ADP
cblr-1717	186	26	death	death	NOUN
cblr-1717	186	27	;	;	PUNCT
cblr-1717	186	28	the	the	DET
cblr-1717	186	29	employee	employee	NOUN
cblr-1717	186	30	must	must	AUX
cblr-1717	186	31	remain	remain	VERB
cblr-1717	186	32	with	with	ADP
cblr-1717	186	33	the	the	DET
cblr-1717	186	34	employer	employer	NOUN
cblr-1717	186	35	;	;	PUNCT
cblr-1717	186	36	at	at	ADV
cblr-1717	186	37	least	least	ADV
cblr-1717	186	38	two	two	NUM
cblr-1717	186	39	years	year	NOUN
cblr-1717	186	40	must	must	AUX
cblr-1717	186	41	lapse	lapse	VERB
cblr-1717	186	42	between	between	ADP
cblr-1717	186	43	the	the	DET
cblr-1717	186	44	grant	grant	NOUN
cblr-1717	186	45	date	date	NOUN
cblr-1717	186	46	and	and	CCONJ
cblr-1717	186	47	the	the	DET
cblr-1717	186	48	employee	employee	NOUN
cblr-1717	186	49	’s	’s	PART
cblr-1717	186	50	sale	sale	NOUN
cblr-1717	186	51	of	of	ADP
cblr-1717	186	52	the	the	DET
cblr-1717	186	53	stock	stock	NOUN
cblr-1717	186	54	;	;	PUNCT
cblr-1717	186	55	and	and	CCONJ
cblr-1717	186	56	at	at	ADV
cblr-1717	186	57	least	least	ADV
cblr-1717	186	58	one	one	NUM
cblr-1717	186	59	year	year	NOUN
cblr-1717	186	60	must	must	AUX
cblr-1717	186	61	lapse	lapse	VERB
cblr-1717	186	62	between	between	ADP
cblr-1717	186	63	the	the	DET
cblr-1717	186	64	exercise	exercise	NOUN
cblr-1717	186	65	date	date	NOUN
cblr-1717	186	66	and	and	CCONJ
cblr-1717	186	67	the	the	DET
cblr-1717	186	68	sale	sale	NOUN
cblr-1717	186	69	of	of	ADP
cblr-1717	186	70	the	the	DET
cblr-1717	186	71	stock	stock	NOUN
cblr-1717	186	72	.	.	PUNCT
cblr-1717	187	1	furthermore	furthermore	ADV
cblr-1717	187	2	,	,	PUNCT
cblr-1717	187	3	i.r.c	i.r.c	NOUN
cblr-1717	187	4	.	.	PUNCT
cblr-1717	188	1	§	§	PROPN
cblr-1717	188	2	422(d	422(d	PROPN
cblr-1717	188	3	)	)	PUNCT
cblr-1717	188	4	sets	set	VERB
cblr-1717	188	5	a	a	DET
cblr-1717	188	6	$	$	SYM
cblr-1717	188	7	100,000	100,000	NUM
cblr-1717	188	8	annual	annual	ADJ
cblr-1717	188	9	limit	limit	NOUN
cblr-1717	188	10	on	on	ADP
cblr-1717	188	11	the	the	DET
cblr-1717	188	12	aggregate	aggregate	ADJ
cblr-1717	188	13	value	value	NOUN
cblr-1717	188	14	of	of	ADP
cblr-1717	188	15	the	the	DET
cblr-1717	188	16	stock	stock	NOUN
cblr-1717	188	17	that	that	PRON
cblr-1717	188	18	any	any	DET
cblr-1717	188	19	one	one	NUM
cblr-1717	188	20	executive	executive	NOUN
cblr-1717	188	21	can	can	AUX
cblr-1717	188	22	acquire	acquire	VERB
cblr-1717	188	23	by	by	ADP
cblr-1717	188	24	exercising	exercise	VERB
cblr-1717	188	25	isos	iso	NOUN
cblr-1717	188	26	.	.	PUNCT
cblr-1717	189	1	if	if	SCONJ
cblr-1717	189	2	any	any	PRON
cblr-1717	189	3	of	of	ADP
cblr-1717	189	4	these	these	DET
cblr-1717	189	5	requirements	requirement	NOUN
cblr-1717	189	6	are	be	AUX
cblr-1717	189	7	not	not	PART
cblr-1717	189	8	met	meet	VERB
cblr-1717	189	9	,	,	PUNCT
cblr-1717	189	10	the	the	DET
cblr-1717	189	11	stock	stock	NOUN
cblr-1717	189	12	options	option	NOUN
cblr-1717	189	13	will	will	AUX
cblr-1717	189	14	be	be	AUX
cblr-1717	189	15	taxed	tax	VERB
cblr-1717	189	16	as	as	ADP
cblr-1717	189	17	an	an	DET
cblr-1717	189	18	nqso	nqso	NOUN
cblr-1717	189	19	plan	plan	NOUN
cblr-1717	189	20	.	.	PUNCT
cblr-1717	190	1	isos	isos	PROPN
cblr-1717	190	2	never	never	ADV
cblr-1717	190	3	generate	generate	VERB
cblr-1717	190	4	deductions	deduction	NOUN
cblr-1717	190	5	for	for	ADP
cblr-1717	190	6	employers	employer	NOUN
cblr-1717	190	7	,	,	PUNCT
cblr-1717	190	8	and	and	CCONJ
cblr-1717	190	9	the	the	DET
cblr-1717	190	10	employee	employee	NOUN
cblr-1717	190	11	’s	’s	PART
cblr-1717	190	12	income	income	NOUN
cblr-1717	190	13	will	will	AUX
cblr-1717	190	14	not	not	PART
cblr-1717	190	15	be	be	AUX
cblr-1717	190	16	taxed	tax	VERB
cblr-1717	190	17	until	until	SCONJ
cblr-1717	190	18	sold	sell	VERB
cblr-1717	190	19	,	,	PUNCT
cblr-1717	190	20	with	with	ADP
cblr-1717	190	21	the	the	DET
cblr-1717	190	22	difference	difference	NOUN
cblr-1717	190	23	between	between	ADP
cblr-1717	190	24	the	the	DET
cblr-1717	190	25	sale	sale	NOUN
cblr-1717	190	26	price	price	NOUN
cblr-1717	190	27	and	and	CCONJ
cblr-1717	190	28	the	the	DET
cblr-1717	190	29	exercise	exercise	NOUN
cblr-1717	190	30	price	price	NOUN
cblr-1717	190	31	taxed	tax	VERB
cblr-1717	190	32	as	as	ADP
cblr-1717	190	33	a	a	DET
cblr-1717	190	34	capital	capital	NOUN
cblr-1717	190	35	gain	gain	NOUN
cblr-1717	190	36	.	.	PUNCT
cblr-1717	191	1	daniel	daniel	PROPN
cblr-1717	191	2	l.	l.	PROPN
cblr-1717	191	3	slaton	slaton	PROPN
cblr-1717	191	4	,	,	PUNCT
cblr-1717	191	5	solving	solve	VERB
cblr-1717	191	6	stock	stock	NOUN
cblr-1717	191	7	option	option	NOUN
cblr-1717	191	8	compensation	compensation	NOUN
cblr-1717	191	9	:	:	PUNCT
cblr-1717	191	10	why	why	SCONJ
cblr-1717	191	11	book	book	NOUN
cblr-1717	191	12	tax	tax	NOUN
cblr-1717	191	13	conformity	conformity	NOUN
cblr-1717	191	14	may	may	AUX
cblr-1717	191	15	not	not	PART
cblr-1717	191	16	be	be	AUX
cblr-1717	191	17	the	the	DET
cblr-1717	191	18	answer	answer	NOUN
cblr-1717	191	19	,	,	PUNCT
cblr-1717	191	20	9	9	NUM
cblr-1717	191	21	hous	hous	ADJ
cblr-1717	191	22	.	.	PUNCT
cblr-1717	192	1	bus	bus	NOUN
cblr-1717	192	2	.	.	PUNCT
cblr-1717	192	3	&	&	CCONJ
cblr-1717	192	4	tax	tax	PROPN
cblr-1717	192	5	l.	l.	PROPN
cblr-1717	192	6	j.	j.	PROPN
cblr-1717	192	7	175	175	PROPN
cblr-1717	192	8	,	,	PUNCT
cblr-1717	192	9	190	190	NUM
cblr-1717	192	10	(	(	PUNCT
cblr-1717	192	11	2008	2008	NUM
cblr-1717	192	12	)	)	PUNCT
cblr-1717	192	13	.	.	PUNCT
cblr-1717	193	1	the	the	DET
cblr-1717	193	2	difficulty	difficulty	NOUN
cblr-1717	193	3	in	in	ADP
cblr-1717	193	4	meeting	meet	VERB
cblr-1717	193	5	the	the	DET
cblr-1717	193	6	requirements	requirement	NOUN
cblr-1717	193	7	of	of	ADP
cblr-1717	193	8	i.r.c	i.r.c	NOUN
cblr-1717	193	9	.	.	PUNCT
cblr-1717	194	1	§	§	PROPN
cblr-1717	194	2	§	§	PROPN
cblr-1717	194	3	422(b	422(b	PROPN
cblr-1717	194	4	)	)	PUNCT
cblr-1717	194	5	and	and	CCONJ
cblr-1717	194	6	(	(	PUNCT
cblr-1717	194	7	d	d	NOUN
cblr-1717	194	8	)	)	PUNCT
cblr-1717	194	9	,	,	PUNCT
cblr-1717	194	10	however	however	ADV
cblr-1717	194	11	,	,	PUNCT
cblr-1717	194	12	prevents	prevent	VERB
cblr-1717	194	13	many	many	ADJ
cblr-1717	194	14	companies	company	NOUN
cblr-1717	194	15	from	from	ADP
cblr-1717	194	16	receiving	receive	VERB
cblr-1717	194	17	the	the	DET
cblr-1717	194	18	iso	iso	NOUN
cblr-1717	194	19	tax	tax	NOUN
cblr-1717	194	20	advantages	advantage	NOUN
cblr-1717	194	21	.	.	PUNCT
cblr-1717	195	1	see	see	VERB
cblr-1717	195	2	,	,	PUNCT
cblr-1717	195	3	e.g.	e.g.	ADV
cblr-1717	195	4	,	,	PUNCT
cblr-1717	195	5	gary	gary	PROPN
cblr-1717	195	6	cvach	cvach	PROPN
cblr-1717	195	7	&	&	CCONJ
cblr-1717	195	8	terri	terri	PROPN
cblr-1717	195	9	stecher	stecher	PROPN
cblr-1717	195	10	,	,	PUNCT
cblr-1717	195	11	incentive	incentive	ADJ
cblr-1717	195	12	stock	stock	NOUN
cblr-1717	195	13	options	option	NOUN
cblr-1717	195	14	—	—	PUNCT
cblr-1717	195	15	navigating	navigate	VERB
cblr-1717	195	16	the	the	DET
cblr-1717	195	17	requirements	requirement	NOUN
cblr-1717	195	18	for	for	ADP
cblr-1717	195	19	compliance	compliance	NOUN
cblr-1717	195	20	,	,	PUNCT
cblr-1717	195	21	kpmg	kpmg	PROPN
cblr-1717	195	22	:	:	PUNCT
cblr-1717	195	23	what	what	PRON
cblr-1717	195	24	’s	’	VERB
cblr-1717	195	25	news	news	NOUN
cblr-1717	195	26	in	in	ADP
cblr-1717	195	27	tax	tax	NOUN
cblr-1717	195	28	(	(	PUNCT
cblr-1717	195	29	may	may	PROPN
cblr-1717	195	30	2	2	NUM
cblr-1717	195	31	,	,	PUNCT
cblr-1717	195	32	2016	2016	NUM
cblr-1717	195	33	)	)	PUNCT
cblr-1717	195	34	,	,	PUNCT
cblr-1717	196	1	https://home.kpmg.com/content/dam/kpmg/pdf/2016/05/tnf-wnit-iso-may-22016.pdf	https://home.kpmg.com/content/dam/kpmg/pdf/2016/05/tnf-wnit-iso-may-22016.pdf	PROPN
cblr-1717	197	1	[	[	X
cblr-1717	197	2	https://perma.cc/kr4d-gfhc	https://perma.cc/kr4d-gfhc	X
cblr-1717	197	3	]	]	PUNCT
cblr-1717	197	4	.	.	PUNCT
cblr-1717	198	1	45	45	NUM
cblr-1717	198	2	finance	finance	NOUN
cblr-1717	198	3	committee	committee	NOUN
cblr-1717	198	4	hearing	hearing	NOUN
cblr-1717	198	5	,	,	PUNCT
cblr-1717	198	6	supra	supra	PROPN
cblr-1717	198	7	note	note	PROPN
cblr-1717	198	8	22	22	NUM
cblr-1717	198	9	,	,	PUNCT
cblr-1717	198	10	at	at	ADP
cblr-1717	198	11	19	19	NUM
cblr-1717	198	12	.	.	NOUN
cblr-1717	198	13	46	46	NUM
cblr-1717	198	14	american	american	ADJ
cblr-1717	198	15	jobs	job	NOUN
cblr-1717	198	16	creation	creation	PROPN
cblr-1717	198	17	act	act	NOUN
cblr-1717	198	18	of	of	ADP
cblr-1717	198	19	2004	2004	NUM
cblr-1717	198	20	,	,	PUNCT
cblr-1717	198	21	pub	pub	NOUN
cblr-1717	198	22	.	.	PUNCT
cblr-1717	199	1	l.	l.	PROPN
cblr-1717	199	2	no	no	INTJ
cblr-1717	199	3	.	.	PROPN
cblr-1717	200	1	108	108	NUM
cblr-1717	200	2	-	-	SYM
cblr-1717	200	3	357	357	NUM
cblr-1717	200	4	,	,	PUNCT
cblr-1717	200	5	118	118	NUM
cblr-1717	200	6	stat	stat	NOUN
cblr-1717	200	7	.	.	PUNCT
cblr-1717	201	1	1418	1418	NUM
cblr-1717	201	2	(	(	PUNCT
cblr-1717	201	3	2004	2004	NUM
cblr-1717	201	4	)	)	PUNCT
cblr-1717	201	5	.	.	PUNCT
cblr-1717	202	1	ades	ades	PROPN
cblr-1717	202	2	-	-	PUNCT
cblr-1717	202	3	laurent	laurent	NOUN
cblr-1717	202	4	–	–	PUNCT
cblr-1717	202	5	final	final	ADJ
cblr-1717	202	6	no	no	NOUN
cblr-1717	202	7	.	.	PUNCT
cblr-1717	203	1	1:347	1:347	NUM
cblr-1717	203	2	]	]	PUNCT
cblr-1717	203	3	disappearing	disappear	VERB
cblr-1717	203	4	stock	stock	NOUN
cblr-1717	203	5	options	option	NOUN
cblr-1717	203	6	359	359	NUM
cblr-1717	203	7	20	20	NUM
cblr-1717	203	8	,	,	PUNCT
cblr-1717	203	9	2004	2004	NUM
cblr-1717	203	10	and	and	CCONJ
cblr-1717	203	11	gave	give	VERB
cblr-1717	203	12	taxpayers	taxpayer	NOUN
cblr-1717	203	13	until	until	ADP
cblr-1717	203	14	december	december	PROPN
cblr-1717	203	15	31	31	NUM
cblr-1717	203	16	,	,	PUNCT
cblr-1717	203	17	2005	2005	NUM
cblr-1717	203	18	to	to	PART
cblr-1717	203	19	bring	bring	VERB
cblr-1717	203	20	their	their	PRON
cblr-1717	203	21	documents	document	NOUN
cblr-1717	203	22	into	into	ADP
cblr-1717	203	23	compliance.47	compliance.47	NOUN
cblr-1717	203	24	an	an	DET
cblr-1717	203	25	important	important	ADJ
cblr-1717	203	26	feature	feature	NOUN
cblr-1717	203	27	of	of	ADP
cblr-1717	203	28	section	section	NOUN
cblr-1717	203	29	409a	409a	PROPN
cblr-1717	203	30	is	be	AUX
cblr-1717	203	31	its	its	PRON
cblr-1717	203	32	impact	impact	NOUN
cblr-1717	203	33	on	on	ADP
cblr-1717	203	34	equity	equity	NOUN
cblr-1717	203	35	awards.48	awards.48	NOUN
cblr-1717	203	36	prior	prior	ADV
cblr-1717	203	37	to	to	ADP
cblr-1717	203	38	section	section	PROPN
cblr-1717	203	39	409a	409a	PROPN
cblr-1717	203	40	’s	’s	PART
cblr-1717	203	41	prescript	prescript	NOUN
cblr-1717	203	42	,	,	PUNCT
cblr-1717	203	43	executives	executive	NOUN
cblr-1717	203	44	engaged	engage	VERB
cblr-1717	203	45	in	in	ADP
cblr-1717	203	46	options	option	NOUN
cblr-1717	203	47	backdating	backdate	VERB
cblr-1717	203	48	to	to	ADP
cblr-1717	203	49	a	a	DET
cblr-1717	203	50	grant	grant	NOUN
cblr-1717	203	51	or	or	CCONJ
cblr-1717	203	52	exercise	exercise	VERB
cblr-1717	203	53	date	date	NOUN
cblr-1717	203	54	at	at	ADP
cblr-1717	203	55	which	which	PRON
cblr-1717	203	56	the	the	DET
cblr-1717	203	57	underlying	underlie	VERB
cblr-1717	203	58	stock	stock	NOUN
cblr-1717	203	59	price	price	NOUN
cblr-1717	203	60	was	be	AUX
cblr-1717	203	61	lower	low	ADJ
cblr-1717	203	62	in	in	ADP
cblr-1717	203	63	order	order	NOUN
cblr-1717	203	64	to	to	PART
cblr-1717	203	65	imperil	imperil	VERB
cblr-1717	203	66	benefits	benefit	NOUN
cblr-1717	203	67	,	,	PUNCT
cblr-1717	203	68	resulting	result	VERB
cblr-1717	203	69	in	in	ADP
cblr-1717	203	70	an	an	DET
cblr-1717	203	71	underpayment	underpayment	NOUN
cblr-1717	203	72	of	of	ADP
cblr-1717	203	73	taxes.49	taxes.49	PROPN
cblr-1717	203	74	under	under	ADP
cblr-1717	203	75	notice	notice	NOUN
cblr-1717	203	76	2005	2005	NUM
cblr-1717	203	77	-	-	SYM
cblr-1717	203	78	1	1	NUM
cblr-1717	203	79	,	,	PUNCT
cblr-1717	203	80	however	however	ADV
cblr-1717	203	81	,	,	PUNCT
cblr-1717	203	82	non	non	ADJ
cblr-1717	203	83	-	-	ADJ
cblr-1717	203	84	discounted	discounted	ADJ
cblr-1717	203	85	stock	stock	NOUN
cblr-1717	203	86	options	option	NOUN
cblr-1717	203	87	(	(	PUNCT
cblr-1717	203	88	which	which	PRON
cblr-1717	203	89	are	be	AUX
cblr-1717	203	90	granted	grant	VERB
cblr-1717	203	91	at	at	ADP
cblr-1717	203	92	a	a	DET
cblr-1717	203	93	price	price	NOUN
cblr-1717	203	94	above	above	ADP
cblr-1717	203	95	the	the	DET
cblr-1717	203	96	fair	fair	ADJ
cblr-1717	203	97	market	market	NOUN
cblr-1717	203	98	value	value	NOUN
cblr-1717	203	99	of	of	ADP
cblr-1717	203	100	the	the	DET
cblr-1717	203	101	stock	stock	NOUN
cblr-1717	203	102	on	on	ADP
cblr-1717	203	103	the	the	DET
cblr-1717	203	104	date	date	NOUN
cblr-1717	203	105	of	of	ADP
cblr-1717	203	106	the	the	DET
cblr-1717	203	107	grant	grant	NOUN
cblr-1717	203	108	)	)	PUNCT
cblr-1717	203	109	are	be	AUX
cblr-1717	203	110	not	not	PART
cblr-1717	203	111	considered	consider	VERB
cblr-1717	203	112	nqdc	nqdc	NOUN
cblr-1717	203	113	under	under	ADP
cblr-1717	203	114	section	section	NOUN
cblr-1717	203	115	409a	409a	PROPN
cblr-1717	203	116	,	,	PUNCT
cblr-1717	203	117	and	and	CCONJ
cblr-1717	203	118	thus	thus	ADV
cblr-1717	203	119	are	be	AUX
cblr-1717	203	120	not	not	PART
cblr-1717	203	121	subject	subject	ADJ
cblr-1717	203	122	to	to	ADP
cblr-1717	203	123	its	its	PRON
cblr-1717	203	124	requirements.50	requirements.50	PROPN
cblr-1717	203	125	however	however	ADV
cblr-1717	203	126	,	,	PUNCT
cblr-1717	203	127	a	a	DET
cblr-1717	203	128	discounted	discount	VERB
cblr-1717	203	129	option	option	NOUN
cblr-1717	203	130	with	with	ADP
cblr-1717	203	131	an	an	DET
cblr-1717	203	132	exercise	exercise	NOUN
cblr-1717	203	133	price	price	NOUN
cblr-1717	203	134	below	below	ADP
cblr-1717	203	135	the	the	DET
cblr-1717	203	136	fair	fair	ADJ
cblr-1717	203	137	market	market	NOUN
cblr-1717	203	138	value	value	NOUN
cblr-1717	203	139	of	of	ADP
cblr-1717	203	140	the	the	DET
cblr-1717	203	141	stock	stock	NOUN
cblr-1717	203	142	at	at	ADP
cblr-1717	203	143	the	the	DET
cblr-1717	203	144	date	date	NOUN
cblr-1717	203	145	of	of	ADP
cblr-1717	203	146	the	the	DET
cblr-1717	203	147	grant	grant	NOUN
cblr-1717	203	148	is	be	AUX
cblr-1717	203	149	subject	subject	ADJ
cblr-1717	203	150	to	to	ADP
cblr-1717	203	151	the	the	DET
cblr-1717	203	152	rules	rule	NOUN
cblr-1717	203	153	under	under	ADP
cblr-1717	203	154	409a.51	409a.51	PRON
cblr-1717	203	155	thus	thus	ADV
cblr-1717	203	156	,	,	PUNCT
cblr-1717	203	157	a	a	DET
cblr-1717	203	158	backdated	backdate	VERB
cblr-1717	203	159	option	option	NOUN
cblr-1717	203	160	would	would	AUX
cblr-1717	203	161	likely	likely	ADV
cblr-1717	203	162	be	be	AUX
cblr-1717	203	163	treated	treat	VERB
cblr-1717	203	164	as	as	ADP
cblr-1717	203	165	a	a	DET
cblr-1717	203	166	nqdc	nqdc	NOUN
cblr-1717	203	167	plan	plan	NOUN
cblr-1717	203	168	and	and	CCONJ
cblr-1717	203	169	subject	subject	ADJ
cblr-1717	203	170	to	to	ADP
cblr-1717	203	171	the	the	DET
cblr-1717	203	172	requirements	requirement	NOUN
cblr-1717	203	173	of	of	ADP
cblr-1717	203	174	section	section	NOUN
cblr-1717	203	175	409a	409a	PROPN
cblr-1717	203	176	,	,	PUNCT
cblr-1717	203	177	such	such	ADJ
cblr-1717	203	178	as	as	ADP
cblr-1717	203	179	the	the	DET
cblr-1717	203	180	income	income	NOUN
cblr-1717	203	181	exclusion	exclusion	NOUN
cblr-1717	203	182	,	,	PUNCT
cblr-1717	203	183	the	the	DET
cblr-1717	203	184	20	20	NUM
cblr-1717	203	185	%	%	NOUN
cblr-1717	203	186	excise	excise	NOUN
cblr-1717	203	187	tax	tax	NOUN
cblr-1717	203	188	,	,	PUNCT
cblr-1717	203	189	and	and	CCONJ
cblr-1717	203	190	interest	interest	NOUN
cblr-1717	203	191	at	at	ADP
cblr-1717	203	192	the	the	DET
cblr-1717	203	193	rate	rate	NOUN
cblr-1717	203	194	applicable	applicable	ADJ
cblr-1717	203	195	to	to	ADP
cblr-1717	203	196	underpayments	underpayment	NOUN
cblr-1717	203	197	of	of	ADP
cblr-1717	203	198	the	the	DET
cblr-1717	203	199	tax	tax	NOUN
cblr-1717	203	200	plus	plus	CCONJ
cblr-1717	203	201	one	one	NUM
cblr-1717	203	202	percentage	percentage	NOUN
cblr-1717	203	203	47	47	NUM
cblr-1717	203	204	i.r.s	i.r.	NOUN
cblr-1717	203	205	.	.	PUNCT
cblr-1717	204	1	notice	notice	VERB
cblr-1717	204	2	2005	2005	NUM
cblr-1717	204	3	-	-	SYM
cblr-1717	204	4	1	1	NUM
cblr-1717	204	5	,	,	PUNCT
cblr-1717	204	6	2005	2005	NUM
cblr-1717	204	7	-	-	SYM
cblr-1717	204	8	1	1	NUM
cblr-1717	204	9	c.b	c.b	PROPN
cblr-1717	204	10	.	.	PROPN
cblr-1717	204	11	274	274	NUM
cblr-1717	204	12	,	,	PUNCT
cblr-1717	204	13	https://www.irs.gov/pub/irsdrop/n-05-01.pdf	https://www.irs.gov/pub/irsdrop/n-05-01.pdf	PROPN
cblr-1717	204	14	[	[	X
cblr-1717	204	15	https://perma.cc/8b8t-m9b8	https://perma.cc/8b8t-m9b8	PROPN
cblr-1717	204	16	]	]	PUNCT
cblr-1717	204	17	.	.	PUNCT
cblr-1717	205	1	48	48	NUM
cblr-1717	206	1	the	the	DET
cblr-1717	206	2	conference	conference	NOUN
cblr-1717	206	3	report	report	NOUN
cblr-1717	206	4	for	for	ADP
cblr-1717	206	5	i.r.c	i.r.c	NOUN
cblr-1717	206	6	.	.	PUNCT
cblr-1717	207	1	§	§	PROPN
cblr-1717	207	2	409a	409a	PROPN
cblr-1717	207	3	does	do	AUX
cblr-1717	207	4	not	not	PART
cblr-1717	207	5	mention	mention	VERB
cblr-1717	207	6	restricted	restricted	ADJ
cblr-1717	207	7	stock	stock	NOUN
cblr-1717	207	8	,	,	PUNCT
cblr-1717	207	9	but	but	CCONJ
cblr-1717	207	10	the	the	DET
cblr-1717	207	11	treasury	treasury	PROPN
cblr-1717	207	12	regulations	regulation	NOUN
cblr-1717	207	13	separately	separately	ADV
cblr-1717	207	14	exclude	exclude	VERB
cblr-1717	207	15	restricted	restrict	VERB
cblr-1717	207	16	property	property	NOUN
cblr-1717	207	17	from	from	ADP
cblr-1717	207	18	the	the	DET
cblr-1717	207	19	reach	reach	NOUN
cblr-1717	207	20	of	of	ADP
cblr-1717	207	21	§	§	PROPN
cblr-1717	207	22	409a	409a	PROPN
cblr-1717	207	23	,	,	PUNCT
cblr-1717	207	24	stating	state	VERB
cblr-1717	207	25	that	that	SCONJ
cblr-1717	207	26	“	"	PUNCT
cblr-1717	207	27	there	there	PRON
cblr-1717	207	28	is	be	VERB
cblr-1717	207	29	no	no	DET
cblr-1717	207	30	deferral	deferral	NOUN
cblr-1717	207	31	of	of	ADP
cblr-1717	207	32	compensation	compensation	NOUN
cblr-1717	207	33	merely	merely	ADV
cblr-1717	207	34	because	because	SCONJ
cblr-1717	207	35	the	the	DET
cblr-1717	207	36	value	value	NOUN
cblr-1717	207	37	of	of	ADP
cblr-1717	207	38	the	the	DET
cblr-1717	207	39	property	property	NOUN
cblr-1717	207	40	[	[	X
cblr-1717	207	41	received	receive	VERB
cblr-1717	207	42	]	]	PUNCT
cblr-1717	207	43	is	be	AUX
cblr-1717	207	44	not	not	PART
cblr-1717	207	45	includible	includible	ADJ
cblr-1717	207	46	in	in	ADP
cblr-1717	207	47	income	income	NOUN
cblr-1717	207	48	by	by	ADP
cblr-1717	207	49	reason	reason	NOUN
cblr-1717	207	50	of	of	ADP
cblr-1717	207	51	the	the	DET
cblr-1717	207	52	property	property	NOUN
cblr-1717	207	53	being	be	AUX
cblr-1717	207	54	substantially	substantially	ADV
cblr-1717	207	55	nonvested	nonveste	VERB
cblr-1717	207	56	.	.	PUNCT
cblr-1717	207	57	”	"	PUNCT
cblr-1717	208	1	treas	treas	PROPN
cblr-1717	208	2	.	.	PUNCT
cblr-1717	209	1	reg	reg	PROPN
cblr-1717	209	2	.	.	PUNCT
cblr-1717	210	1	§	§	PROPN
cblr-1717	210	2	1.409a-1(b)(6)(i	1.409a-1(b)(6)(i	NUM
cblr-1717	210	3	)	)	PUNCT
cblr-1717	210	4	(	(	PUNCT
cblr-1717	210	5	2008	2008	NUM
cblr-1717	210	6	)	)	PUNCT
cblr-1717	210	7	.	.	PUNCT
cblr-1717	211	1	49	49	NUM
cblr-1717	211	2	the	the	DET
cblr-1717	211	3	backdating	backdating	NOUN
cblr-1717	211	4	of	of	ADP
cblr-1717	211	5	option	option	NOUN
cblr-1717	211	6	exercises	exercise	NOUN
cblr-1717	211	7	has	have	VERB
cblr-1717	211	8	similar	similar	ADJ
cblr-1717	211	9	implications	implication	NOUN
cblr-1717	211	10	:	:	PUNCT
cblr-1717	211	11	here	here	ADV
cblr-1717	211	12	,	,	PUNCT
cblr-1717	211	13	the	the	DET
cblr-1717	211	14	company	company	NOUN
cblr-1717	211	15	is	be	AUX
cblr-1717	211	16	misrepresenting	misrepresent	VERB
cblr-1717	211	17	the	the	DET
cblr-1717	211	18	date	date	NOUN
cblr-1717	211	19	at	at	ADP
cblr-1717	211	20	which	which	PRON
cblr-1717	211	21	the	the	DET
cblr-1717	211	22	option	option	NOUN
cblr-1717	211	23	is	be	AUX
cblr-1717	211	24	exercised	exercise	VERB
cblr-1717	211	25	to	to	PART
cblr-1717	211	26	make	make	VERB
cblr-1717	211	27	it	it	PRON
cblr-1717	211	28	appear	appear	VERB
cblr-1717	211	29	that	that	SCONJ
cblr-1717	211	30	the	the	DET
cblr-1717	211	31	exercise	exercise	NOUN
cblr-1717	211	32	occurred	occur	VERB
cblr-1717	211	33	at	at	ADP
cblr-1717	211	34	an	an	DET
cblr-1717	211	35	earlier	early	ADJ
cblr-1717	211	36	date	date	NOUN
cblr-1717	211	37	—	—	PUNCT
cblr-1717	211	38	and	and	CCONJ
cblr-1717	211	39	lower	low	ADJ
cblr-1717	211	40	price	price	NOUN
cblr-1717	211	41	—	—	PUNCT
cblr-1717	211	42	than	than	ADP
cblr-1717	211	43	when	when	SCONJ
cblr-1717	211	44	the	the	DET
cblr-1717	211	45	exercise	exercise	NOUN
cblr-1717	211	46	actually	actually	ADV
cblr-1717	211	47	occurred	occur	VERB
cblr-1717	211	48	.	.	PUNCT
cblr-1717	212	1	thus	thus	ADV
cblr-1717	212	2	,	,	PUNCT
cblr-1717	212	3	executives	executive	NOUN
cblr-1717	212	4	can	can	AUX
cblr-1717	212	5	backdate	backdate	VERB
cblr-1717	212	6	the	the	DET
cblr-1717	212	7	exercise	exercise	NOUN
cblr-1717	212	8	date	date	NOUN
cblr-1717	212	9	to	to	PART
cblr-1717	212	10	correspond	correspond	VERB
cblr-1717	212	11	with	with	ADP
cblr-1717	212	12	the	the	DET
cblr-1717	212	13	low	low	ADJ
cblr-1717	212	14	point	point	NOUN
cblr-1717	212	15	of	of	ADP
cblr-1717	212	16	the	the	DET
cblr-1717	212	17	closing	closing	NOUN
cblr-1717	212	18	price	price	NOUN
cblr-1717	212	19	of	of	ADP
cblr-1717	212	20	the	the	DET
cblr-1717	212	21	company	company	NOUN
cblr-1717	212	22	’s	’s	PART
cblr-1717	212	23	stock	stock	NOUN
cblr-1717	212	24	,	,	PUNCT
cblr-1717	212	25	thereby	thereby	ADV
cblr-1717	212	26	minimizing	minimize	VERB
cblr-1717	212	27	the	the	DET
cblr-1717	212	28	gain	gain	NOUN
cblr-1717	212	29	reported	report	VERB
cblr-1717	212	30	as	as	ADP
cblr-1717	212	31	ordinary	ordinary	ADJ
cblr-1717	212	32	income	income	NOUN
cblr-1717	212	33	.	.	PUNCT
cblr-1717	213	1	furthermore	furthermore	ADV
cblr-1717	213	2	,	,	PUNCT
cblr-1717	213	3	because	because	SCONJ
cblr-1717	213	4	any	any	DET
cblr-1717	213	5	additional	additional	ADJ
cblr-1717	213	6	gain	gain	NOUN
cblr-1717	213	7	to	to	ADP
cblr-1717	213	8	the	the	DET
cblr-1717	213	9	executive	executive	NOUN
cblr-1717	213	10	is	be	AUX
cblr-1717	213	11	treated	treat	VERB
cblr-1717	213	12	as	as	ADP
cblr-1717	213	13	a	a	DET
cblr-1717	213	14	capital	capital	NOUN
cblr-1717	213	15	gain	gain	NOUN
cblr-1717	213	16	when	when	SCONJ
cblr-1717	213	17	the	the	DET
cblr-1717	213	18	stock	stock	NOUN
cblr-1717	213	19	is	be	AUX
cblr-1717	213	20	held	hold	VERB
cblr-1717	213	21	for	for	ADP
cblr-1717	213	22	a	a	DET
cblr-1717	213	23	year	year	NOUN
cblr-1717	213	24	prior	prior	ADV
cblr-1717	213	25	to	to	ADP
cblr-1717	213	26	sale	sale	NOUN
cblr-1717	213	27	,	,	PUNCT
cblr-1717	213	28	the	the	DET
cblr-1717	213	29	executive	executive	NOUN
cblr-1717	213	30	can	can	AUX
cblr-1717	213	31	maximize	maximize	VERB
cblr-1717	213	32	the	the	DET
cblr-1717	213	33	capital	capital	NOUN
cblr-1717	213	34	gain	gain	VERB
cblr-1717	213	35	treatment	treatment	NOUN
cblr-1717	213	36	of	of	ADP
cblr-1717	213	37	any	any	DET
cblr-1717	213	38	eventual	eventual	ADJ
cblr-1717	213	39	profit	profit	NOUN
cblr-1717	213	40	by	by	ADP
cblr-1717	213	41	starting	start	VERB
cblr-1717	213	42	the	the	DET
cblr-1717	213	43	clock	clock	NOUN
cblr-1717	213	44	early	early	ADV
cblr-1717	213	45	on	on	ADP
cblr-1717	213	46	the	the	DET
cblr-1717	213	47	holding	hold	VERB
cblr-1717	213	48	period	period	NOUN
cblr-1717	213	49	.	.	PUNCT
cblr-1717	214	1	christopher	christopher	PROPN
cblr-1717	214	2	cox	cox	PROPN
cblr-1717	214	3	,	,	PUNCT
cblr-1717	214	4	testimony	testimony	NOUN
cblr-1717	214	5	concerning	concern	VERB
cblr-1717	214	6	options	option	NOUN
cblr-1717	214	7	backdating	backdating	NOUN
cblr-1717	214	8	,	,	PUNCT
cblr-1717	214	9	sec	sec	PROPN
cblr-1717	214	10	(	(	PUNCT
cblr-1717	214	11	sept	sept	PROPN
cblr-1717	214	12	.	.	PROPN
cblr-1717	214	13	6	6	NUM
cblr-1717	214	14	,	,	PUNCT
cblr-1717	214	15	2006	2006	NUM
cblr-1717	214	16	)	)	PUNCT
cblr-1717	214	17	,	,	PUNCT
cblr-1717	214	18	https://www.sec.gov/news/testimony/2006/ts090606cc.htm	https://www.sec.gov/news/testimony/2006/ts090606cc.htm	PUNCT
cblr-1717	215	1	[	[	X
cblr-1717	215	2	https://perma.cc/5rd3-2s7	https://perma.cc/5rd3-2s7	NOUN
cblr-1717	215	3	t	t	X
cblr-1717	215	4	]	]	PUNCT
cblr-1717	215	5	.	.	PUNCT
cblr-1717	216	1	50	50	NUM
cblr-1717	216	2	i.r.s	i.r.	NOUN
cblr-1717	216	3	.	.	PUNCT
cblr-1717	217	1	notice	notice	VERB
cblr-1717	217	2	2005	2005	NUM
cblr-1717	217	3	-	-	SYM
cblr-1717	217	4	1	1	NUM
cblr-1717	217	5	,	,	PUNCT
cblr-1717	217	6	supra	supra	PROPN
cblr-1717	217	7	note	note	NOUN
cblr-1717	217	8	47	47	NUM
cblr-1717	217	9	.	.	PUNCT
cblr-1717	218	1	51	51	NUM
cblr-1717	218	2	finance	finance	NOUN
cblr-1717	218	3	committee	committee	NOUN
cblr-1717	218	4	hearing	hearing	NOUN
cblr-1717	218	5	,	,	PUNCT
cblr-1717	218	6	supra	supra	PROPN
cblr-1717	218	7	note	note	PROPN
cblr-1717	218	8	22	22	NUM
cblr-1717	218	9	,	,	PUNCT
cblr-1717	218	10	at	at	ADP
cblr-1717	218	11	32	32	NUM
cblr-1717	218	12	.	.	PUNCT
cblr-1717	219	1	ades	ade	NOUN
cblr-1717	219	2	-	-	PUNCT
cblr-1717	219	3	laurent	laurent	NOUN
cblr-1717	219	4	–	–	PUNCT
cblr-1717	219	5	final	final	ADJ
cblr-1717	219	6	360	360	NUM
cblr-1717	219	7	columbia	columbia	PROPN
cblr-1717	219	8	business	business	NOUN
cblr-1717	219	9	law	law	PROPN
cblr-1717	219	10	review	review	NOUN
cblr-1717	220	1	[	[	X
cblr-1717	220	2	vol	vol	NOUN
cblr-1717	220	3	.	.	NOUN
cblr-1717	220	4	2017	2017	NUM
cblr-1717	220	5	point.52	point.52	NOUN
cblr-1717	220	6	consequently	consequently	ADV
cblr-1717	220	7	,	,	PUNCT
cblr-1717	220	8	the	the	DET
cblr-1717	220	9	tax	tax	NOUN
cblr-1717	220	10	treatment	treatment	NOUN
cblr-1717	220	11	for	for	ADP
cblr-1717	220	12	option	option	NOUN
cblr-1717	220	13	compensation	compensation	NOUN
cblr-1717	220	14	under	under	ADP
cblr-1717	220	15	section	section	NOUN
cblr-1717	220	16	409a	409a	NOUN
cblr-1717	220	17	may	may	AUX
cblr-1717	220	18	make	make	VERB
cblr-1717	220	19	stock	stock	NOUN
cblr-1717	220	20	option	option	NOUN
cblr-1717	220	21	backdating	backdate	VERB
cblr-1717	220	22	less	less	ADV
cblr-1717	220	23	advantageous	advantageous	ADJ
cblr-1717	220	24	,	,	PUNCT
cblr-1717	220	25	therefore	therefore	ADV
cblr-1717	220	26	further	far	ADV
cblr-1717	220	27	eliminating	eliminate	VERB
cblr-1717	220	28	the	the	DET
cblr-1717	220	29	preference	preference	NOUN
cblr-1717	220	30	for	for	ADP
cblr-1717	220	31	options	option	NOUN
cblr-1717	220	32	.	.	PUNCT
cblr-1717	221	1	2	2	X
cblr-1717	221	2	.	.	X
cblr-1717	221	3	section	section	NOUN
cblr-1717	221	4	162(m	162(m	NUM
cblr-1717	221	5	)	)	PUNCT
cblr-1717	221	6	proponents	proponent	NOUN
cblr-1717	221	7	of	of	ADP
cblr-1717	221	8	using	use	VERB
cblr-1717	221	9	the	the	DET
cblr-1717	221	10	tax	tax	NOUN
cblr-1717	221	11	code	code	NOUN
cblr-1717	221	12	to	to	PART
cblr-1717	221	13	better	well	ADV
cblr-1717	221	14	link	link	VERB
cblr-1717	221	15	pay	pay	NOUN
cblr-1717	221	16	with	with	ADP
cblr-1717	221	17	performance	performance	NOUN
cblr-1717	221	18	in	in	ADP
cblr-1717	221	19	executive	executive	ADJ
cblr-1717	221	20	compensation	compensation	NOUN
cblr-1717	221	21	have	have	AUX
cblr-1717	221	22	also	also	ADV
cblr-1717	221	23	concentrated	concentrate	VERB
cblr-1717	221	24	on	on	ADP
cblr-1717	221	25	tax	tax	NOUN
cblr-1717	221	26	benefits	benefit	NOUN
cblr-1717	221	27	,	,	PUNCT
cblr-1717	221	28	such	such	ADJ
cblr-1717	221	29	as	as	ADP
cblr-1717	221	30	the	the	DET
cblr-1717	221	31	deductibility	deductibility	NOUN
cblr-1717	221	32	of	of	ADP
cblr-1717	221	33	wages.53	wages.53	NOUN
cblr-1717	221	34	normally	normally	ADV
cblr-1717	221	35	,	,	PUNCT
cblr-1717	221	36	executive	executive	ADJ
cblr-1717	221	37	salaries	salary	NOUN
cblr-1717	221	38	,	,	PUNCT
cblr-1717	221	39	like	like	ADP
cblr-1717	221	40	employee	employee	NOUN
cblr-1717	221	41	wages	wage	NOUN
cblr-1717	221	42	,	,	PUNCT
cblr-1717	221	43	are	be	AUX
cblr-1717	221	44	deductible	deductible	ADJ
cblr-1717	221	45	business	business	NOUN
cblr-1717	221	46	expenses.54	expenses.54	NOUN
cblr-1717	221	47	section	section	NOUN
cblr-1717	221	48	162(m	162(m	NUM
cblr-1717	221	49	)	)	PUNCT
cblr-1717	221	50	,	,	PUNCT
cblr-1717	221	51	however	however	ADV
cblr-1717	221	52	,	,	PUNCT
cblr-1717	221	53	limits	limit	VERB
cblr-1717	221	54	the	the	DET
cblr-1717	221	55	tax	tax	NOUN
cblr-1717	221	56	deductibility	deductibility	NOUN
cblr-1717	221	57	of	of	ADP
cblr-1717	221	58	compensation	compensation	NOUN
cblr-1717	221	59	to	to	ADP
cblr-1717	221	60	$	$	SYM
cblr-1717	221	61	1	1	NUM
cblr-1717	221	62	million	million	NUM
cblr-1717	221	63	,	,	PUNCT
cblr-1717	221	64	whether	whether	SCONJ
cblr-1717	221	65	paid	pay	VERB
cblr-1717	221	66	in	in	ADP
cblr-1717	221	67	cash	cash	NOUN
cblr-1717	221	68	or	or	CCONJ
cblr-1717	221	69	otherwise.55	otherwise.55	NOUN
cblr-1717	221	70	simultaneously	simultaneously	ADV
cblr-1717	221	71	,	,	PUNCT
cblr-1717	221	72	companies	company	NOUN
cblr-1717	221	73	are	be	AUX
cblr-1717	221	74	permitted	permit	VERB
cblr-1717	221	75	to	to	PART
cblr-1717	221	76	deduct	deduct	VERB
cblr-1717	221	77	the	the	DET
cblr-1717	221	78	cost	cost	NOUN
cblr-1717	221	79	of	of	ADP
cblr-1717	221	80	executive	executive	ADJ
cblr-1717	221	81	salaries	salary	NOUN
cblr-1717	221	82	only	only	ADV
cblr-1717	221	83	so	so	ADV
cblr-1717	221	84	long	long	ADV
cblr-1717	221	85	as	as	SCONJ
cblr-1717	221	86	such	such	ADJ
cblr-1717	221	87	salaries	salary	NOUN
cblr-1717	221	88	qualify	qualify	VERB
cblr-1717	221	89	as	as	ADP
cblr-1717	221	90	“	"	PUNCT
cblr-1717	221	91	performance	performance	NOUN
cblr-1717	221	92	-	-	PUNCT
cblr-1717	221	93	based	base	VERB
cblr-1717	221	94	compensation	compensation	NOUN
cblr-1717	221	95	.	.	PUNCT
cblr-1717	222	1	”56	”56	VERB
cblr-1717	222	2	the	the	DET
cblr-1717	222	3	objective	objective	NOUN
cblr-1717	222	4	is	be	AUX
cblr-1717	222	5	to	to	PART
cblr-1717	222	6	ensure	ensure	VERB
cblr-1717	222	7	that	that	SCONJ
cblr-1717	222	8	companies	company	NOUN
cblr-1717	222	9	reform	reform	VERB
cblr-1717	222	10	their	their	PRON
cblr-1717	222	11	executive	executive	ADJ
cblr-1717	222	12	compensation	compensation	NOUN
cblr-1717	222	13	schemes	scheme	NOUN
cblr-1717	222	14	to	to	PART
cblr-1717	222	15	better	well	ADV
cblr-1717	222	16	link	link	VERB
cblr-1717	222	17	pay	pay	NOUN
cblr-1717	222	18	with	with	ADP
cblr-1717	222	19	performance	performance	NOUN
cblr-1717	222	20	,	,	PUNCT
cblr-1717	222	21	shifting	shift	VERB
cblr-1717	222	22	from	from	ADP
cblr-1717	222	23	fixed	fix	VERB
cblr-1717	222	24	compensation	compensation	NOUN
cblr-1717	222	25	plans	plan	NOUN
cblr-1717	222	26	(	(	PUNCT
cblr-1717	222	27	which	which	PRON
cblr-1717	222	28	are	be	AUX
cblr-1717	222	29	not	not	PART
cblr-1717	222	30	deductible	deductible	ADJ
cblr-1717	222	31	)	)	PUNCT
cblr-1717	222	32	to	to	ADP
cblr-1717	222	33	performance	performance	NOUN
cblr-1717	222	34	-	-	PUNCT
cblr-1717	222	35	based	base	VERB
cblr-1717	222	36	plans	plan	NOUN
cblr-1717	222	37	(	(	PUNCT
cblr-1717	222	38	which	which	PRON
cblr-1717	222	39	are	be	AUX
cblr-1717	222	40	)	)	PUNCT
cblr-1717	222	41	.	.	PUNCT
cblr-1717	223	1	to	to	PART
cblr-1717	223	2	qualify	qualify	VERB
cblr-1717	223	3	for	for	ADP
cblr-1717	223	4	the	the	DET
cblr-1717	223	5	“	"	PUNCT
cblr-1717	223	6	performance	performance	NOUN
cblr-1717	223	7	-	-	PUNCT
cblr-1717	223	8	based	base	VERB
cblr-1717	223	9	”	"	PUNCT
cblr-1717	223	10	exception	exception	NOUN
cblr-1717	223	11	to	to	ADP
cblr-1717	223	12	the	the	DET
cblr-1717	223	13	$	$	SYM
cblr-1717	223	14	1	1	NUM
cblr-1717	223	15	million	million	NUM
cblr-1717	223	16	limitation	limitation	NOUN
cblr-1717	223	17	,	,	PUNCT
cblr-1717	223	18	the	the	DET
cblr-1717	223	19	compensation	compensation	NOUN
cblr-1717	223	20	must	must	AUX
cblr-1717	223	21	be	be	AUX
cblr-1717	223	22	paid	pay	VERB
cblr-1717	223	23	solely	solely	ADV
cblr-1717	223	24	on	on	ADP
cblr-1717	223	25	account	account	NOUN
cblr-1717	223	26	of	of	ADP
cblr-1717	223	27	the	the	DET
cblr-1717	223	28	executive	executive	NOUN
cblr-1717	223	29	’s	’s	PART
cblr-1717	223	30	attainment	attainment	NOUN
cblr-1717	223	31	of	of	ADP
cblr-1717	223	32	performance	performance	NOUN
cblr-1717	223	33	goals	goal	NOUN
cblr-1717	223	34	as	as	SCONJ
cblr-1717	223	35	determined	determine	VERB
cblr-1717	223	36	by	by	ADP
cblr-1717	223	37	an	an	DET
cblr-1717	223	38	objective	objective	ADJ
cblr-1717	223	39	formula.57	formula.57	PROPN
cblr-1717	223	40	a	a	DET
cblr-1717	223	41	compensation	compensation	NOUN
cblr-1717	223	42	52	52	NUM
cblr-1717	223	43	i	i	PRON
cblr-1717	223	44	d.	d.	PROPN
cblr-1717	223	45	at	at	ADP
cblr-1717	223	46	41	41	NUM
cblr-1717	223	47	.	.	PUNCT
cblr-1717	224	1	53	53	NUM
cblr-1717	224	2	see	see	NOUN
cblr-1717	224	3	i.r.c	i.r.c	NOUN
cblr-1717	224	4	.	.	PUNCT
cblr-1717	225	1	§	§	PROPN
cblr-1717	225	2	162(a	162(a	PROPN
cblr-1717	225	3	)	)	PUNCT
cblr-1717	225	4	(	(	PUNCT
cblr-1717	225	5	2012	2012	NUM
cblr-1717	225	6	)	)	PUNCT
cblr-1717	225	7	(	(	PUNCT
cblr-1717	225	8	“	"	PUNCT
cblr-1717	225	9	there	there	PRON
cblr-1717	225	10	shall	shall	AUX
cblr-1717	225	11	be	be	AUX
cblr-1717	225	12	allowed	allow	VERB
cblr-1717	225	13	as	as	ADP
cblr-1717	225	14	a	a	DET
cblr-1717	225	15	deduction	deduction	NOUN
cblr-1717	225	16	all	all	DET
cblr-1717	225	17	the	the	DET
cblr-1717	225	18	ordinary	ordinary	ADJ
cblr-1717	225	19	and	and	CCONJ
cblr-1717	225	20	necessary	necessary	ADJ
cblr-1717	225	21	expenses	expense	NOUN
cblr-1717	225	22	paid	pay	VERB
cblr-1717	225	23	.	.	PUNCT
cblr-1717	225	24	.	.	PUNCT
cblr-1717	226	1	.	.	PUNCT
cblr-1717	227	1	in	in	ADP
cblr-1717	227	2	carrying	carry	VERB
cblr-1717	227	3	on	on	ADP
cblr-1717	227	4	any	any	DET
cblr-1717	227	5	trade	trade	NOUN
cblr-1717	227	6	or	or	CCONJ
cblr-1717	227	7	business	business	NOUN
cblr-1717	227	8	,	,	PUNCT
cblr-1717	227	9	including	include	VERB
cblr-1717	227	10	(	(	PUNCT
cblr-1717	227	11	1	1	X
cblr-1717	227	12	)	)	PUNCT
cblr-1717	227	13	a	a	DET
cblr-1717	227	14	reasonable	reasonable	ADJ
cblr-1717	227	15	allowance	allowance	NOUN
cblr-1717	227	16	for	for	ADP
cblr-1717	227	17	salaries	salary	NOUN
cblr-1717	227	18	”	"	PUNCT
cblr-1717	227	19	)	)	PUNCT
cblr-1717	227	20	.	.	PUNCT
cblr-1717	228	1	54	54	NUM
cblr-1717	228	2	finance	finance	NOUN
cblr-1717	228	3	committee	committee	NOUN
cblr-1717	228	4	hearing	hearing	NOUN
cblr-1717	228	5	,	,	PUNCT
cblr-1717	228	6	supra	supra	PROPN
cblr-1717	228	7	note	note	PROPN
cblr-1717	228	8	22	22	NUM
cblr-1717	228	9	,	,	PUNCT
cblr-1717	228	10	at	at	ADP
cblr-1717	228	11	3	3	NUM
cblr-1717	228	12	.	.	NOUN
cblr-1717	228	13	55	55	NUM
cblr-1717	228	14	i.r.c	i.r.c	NOUN
cblr-1717	228	15	.	.	PUNCT
cblr-1717	229	1	§	§	PROPN
cblr-1717	229	2	162(m)(1	162(m)(1	NUM
cblr-1717	229	3	)	)	PUNCT
cblr-1717	229	4	(	(	PUNCT
cblr-1717	229	5	2012	2012	NUM
cblr-1717	229	6	)	)	PUNCT
cblr-1717	229	7	(	(	PUNCT
cblr-1717	229	8	“	"	PUNCT
cblr-1717	229	9	in	in	ADP
cblr-1717	229	10	the	the	DET
cblr-1717	229	11	case	case	NOUN
cblr-1717	229	12	of	of	ADP
cblr-1717	229	13	any	any	DET
cblr-1717	229	14	publicly	publicly	ADV
cblr-1717	229	15	held	hold	VERB
cblr-1717	229	16	corporation	corporation	NOUN
cblr-1717	229	17	,	,	PUNCT
cblr-1717	229	18	no	no	DET
cblr-1717	229	19	deduction	deduction	NOUN
cblr-1717	229	20	shall	shall	AUX
cblr-1717	229	21	be	be	AUX
cblr-1717	229	22	allowed	allow	VERB
cblr-1717	229	23	.	.	PUNCT
cblr-1717	229	24	.	.	PUNCT
cblr-1717	229	25	.	.	PUNCT
cblr-1717	230	1	with	with	ADP
cblr-1717	230	2	respect	respect	NOUN
cblr-1717	230	3	to	to	ADP
cblr-1717	230	4	any	any	DET
cblr-1717	230	5	covered	covered	ADJ
cblr-1717	230	6	employee	employee	NOUN
cblr-1717	230	7	to	to	ADP
cblr-1717	230	8	the	the	DET
cblr-1717	230	9	extent	extent	NOUN
cblr-1717	230	10	that	that	SCONJ
cblr-1717	230	11	the	the	DET
cblr-1717	230	12	amount	amount	NOUN
cblr-1717	230	13	of	of	ADP
cblr-1717	230	14	such	such	ADJ
cblr-1717	230	15	remuneration	remuneration	NOUN
cblr-1717	230	16	for	for	ADP
cblr-1717	230	17	the	the	DET
cblr-1717	230	18	taxable	taxable	ADJ
cblr-1717	230	19	year	year	NOUN
cblr-1717	230	20	with	with	ADP
cblr-1717	230	21	respect	respect	NOUN
cblr-1717	230	22	to	to	ADP
cblr-1717	230	23	such	such	ADJ
cblr-1717	230	24	employee	employee	NOUN
cblr-1717	230	25	exceeds	exceed	VERB
cblr-1717	230	26	$	$	SYM
cblr-1717	230	27	1,000,000	1,000,000	NUM
cblr-1717	230	28	.	.	PUNCT
cblr-1717	230	29	”	"	PUNCT
cblr-1717	230	30	)	)	PUNCT
cblr-1717	230	31	.	.	PUNCT
cblr-1717	231	1	56	56	NUM
cblr-1717	231	2	see	see	NOUN
cblr-1717	231	3	i.r.c	i.r.c	NOUN
cblr-1717	231	4	.	.	PUNCT
cblr-1717	232	1	§	§	PROPN
cblr-1717	232	2	162(m)(4)(c	162(m)(4)(c	NUM
cblr-1717	232	3	)	)	PUNCT
cblr-1717	232	4	(	(	PUNCT
cblr-1717	232	5	2012	2012	NUM
cblr-1717	232	6	)	)	PUNCT
cblr-1717	232	7	(	(	PUNCT
cblr-1717	232	8	the	the	DET
cblr-1717	232	9	limits	limit	NOUN
cblr-1717	232	10	on	on	ADP
cblr-1717	232	11	deductibility	deductibility	NOUN
cblr-1717	232	12	“	"	PUNCT
cblr-1717	232	13	shall	shall	AUX
cblr-1717	232	14	not	not	PART
cblr-1717	232	15	include	include	VERB
cblr-1717	232	16	any	any	DET
cblr-1717	232	17	remuneration	remuneration	NOUN
cblr-1717	232	18	payable	payable	ADJ
cblr-1717	232	19	solely	solely	ADV
cblr-1717	232	20	on	on	ADP
cblr-1717	232	21	account	account	NOUN
cblr-1717	232	22	of	of	ADP
cblr-1717	232	23	the	the	DET
cblr-1717	232	24	attainment	attainment	NOUN
cblr-1717	232	25	of	of	ADP
cblr-1717	232	26	one	one	NUM
cblr-1717	232	27	or	or	CCONJ
cblr-1717	232	28	more	more	ADJ
cblr-1717	232	29	performance	performance	NOUN
cblr-1717	232	30	goals	goal	NOUN
cblr-1717	232	31	”	"	PUNCT
cblr-1717	232	32	)	)	PUNCT
cblr-1717	232	33	.	.	PUNCT
cblr-1717	233	1	57	57	NUM
cblr-1717	233	2	see	see	NOUN
cblr-1717	233	3	i.r.c	i.r.c	NOUN
cblr-1717	233	4	.	.	PUNCT
cblr-1717	234	1	§	§	PROPN
cblr-1717	234	2	162(m)(4)(c)(i)-(iii	162(m)(4)(c)(i)-(iii	NUM
cblr-1717	234	3	)	)	PUNCT
cblr-1717	234	4	.	.	PUNCT
cblr-1717	235	1	this	this	PRON
cblr-1717	235	2	can	can	AUX
cblr-1717	235	3	include	include	VERB
cblr-1717	235	4	stock	stock	NOUN
cblr-1717	235	5	price	price	NOUN
cblr-1717	235	6	,	,	PUNCT
cblr-1717	235	7	market	market	NOUN
cblr-1717	235	8	share	share	NOUN
cblr-1717	235	9	,	,	PUNCT
cblr-1717	235	10	sales	sale	NOUN
cblr-1717	235	11	,	,	PUNCT
cblr-1717	235	12	costs	cost	NOUN
cblr-1717	235	13	,	,	PUNCT
cblr-1717	235	14	and	and	CCONJ
cblr-1717	235	15	earnings	earning	NOUN
cblr-1717	235	16	,	,	PUNCT
cblr-1717	235	17	and	and	CCONJ
cblr-1717	235	18	it	it	PRON
cblr-1717	235	19	can	can	AUX
cblr-1717	235	20	be	be	AUX
cblr-1717	235	21	applied	apply	VERB
cblr-1717	235	22	at	at	ADP
cblr-1717	235	23	the	the	DET
cblr-1717	235	24	level	level	NOUN
cblr-1717	235	25	ades	ade	NOUN
cblr-1717	235	26	-	-	PUNCT
cblr-1717	235	27	laurent	laurent	NOUN
cblr-1717	235	28	–	–	PUNCT
cblr-1717	235	29	final	final	ADJ
cblr-1717	235	30	no	no	NOUN
cblr-1717	235	31	.	.	PUNCT
cblr-1717	236	1	1:347	1:347	NUM
cblr-1717	236	2	]	]	PUNCT
cblr-1717	236	3	disappearing	disappear	VERB
cblr-1717	236	4	stock	stock	NOUN
cblr-1717	236	5	options	option	NOUN
cblr-1717	236	6	361	361	NUM
cblr-1717	236	7	committee	committee	NOUN
cblr-1717	236	8	of	of	ADP
cblr-1717	236	9	two	two	NUM
cblr-1717	236	10	or	or	CCONJ
cblr-1717	236	11	more	more	ADV
cblr-1717	236	12	independent	independent	ADJ
cblr-1717	236	13	directors	director	NOUN
cblr-1717	236	14	must	must	AUX
cblr-1717	236	15	establish	establish	VERB
cblr-1717	236	16	the	the	DET
cblr-1717	236	17	performance	performance	NOUN
cblr-1717	236	18	goal	goal	NOUN
cblr-1717	236	19	,	,	PUNCT
cblr-1717	236	20	and	and	CCONJ
cblr-1717	236	21	then	then	ADV
cblr-1717	236	22	a	a	DET
cblr-1717	236	23	majority	majority	NOUN
cblr-1717	236	24	of	of	ADP
cblr-1717	236	25	the	the	DET
cblr-1717	236	26	shareholders	shareholder	NOUN
cblr-1717	236	27	must	must	AUX
cblr-1717	236	28	approve	approve	VERB
cblr-1717	236	29	it.58	it.58	NOUN
cblr-1717	236	30	finally	finally	ADV
cblr-1717	236	31	,	,	PUNCT
cblr-1717	236	32	before	before	SCONJ
cblr-1717	236	33	the	the	DET
cblr-1717	236	34	payment	payment	NOUN
cblr-1717	236	35	is	be	AUX
cblr-1717	236	36	made	make	VERB
cblr-1717	236	37	to	to	ADP
cblr-1717	236	38	the	the	DET
cblr-1717	236	39	executive	executive	NOUN
cblr-1717	236	40	,	,	PUNCT
cblr-1717	236	41	the	the	DET
cblr-1717	236	42	compensation	compensation	NOUN
cblr-1717	236	43	committee	committee	NOUN
cblr-1717	236	44	must	must	AUX
cblr-1717	236	45	certify	certify	VERB
cblr-1717	236	46	that	that	SCONJ
cblr-1717	236	47	the	the	DET
cblr-1717	236	48	performance	performance	NOUN
cblr-1717	236	49	goals	goal	NOUN
cblr-1717	236	50	have	have	AUX
cblr-1717	236	51	been	be	AUX
cblr-1717	236	52	met.59	met.59	VERB
cblr-1717	236	53	stock	stock	NOUN
cblr-1717	236	54	options	option	NOUN
cblr-1717	236	55	or	or	CCONJ
cblr-1717	236	56	stock	stock	NOUN
cblr-1717	236	57	appreciation	appreciation	NOUN
cblr-1717	236	58	rights	right	NOUN
cblr-1717	236	59	meet	meet	VERB
cblr-1717	236	60	the	the	DET
cblr-1717	236	61	exception	exception	NOUN
cblr-1717	236	62	,	,	PUNCT
cblr-1717	236	63	no	no	ADV
cblr-1717	236	64	matter	matter	ADV
cblr-1717	236	65	how	how	SCONJ
cblr-1717	236	66	large	large	ADJ
cblr-1717	236	67	,	,	PUNCT
cblr-1717	236	68	since	since	SCONJ
cblr-1717	236	69	the	the	DET
cblr-1717	236	70	amount	amount	NOUN
cblr-1717	236	71	of	of	ADP
cblr-1717	236	72	compensation	compensation	NOUN
cblr-1717	236	73	attributed	attribute	VERB
cblr-1717	236	74	to	to	ADP
cblr-1717	236	75	the	the	DET
cblr-1717	236	76	options	option	NOUN
cblr-1717	236	77	is	be	AUX
cblr-1717	236	78	based	base	VERB
cblr-1717	236	79	solely	solely	ADV
cblr-1717	236	80	on	on	ADP
cblr-1717	236	81	the	the	DET
cblr-1717	236	82	increase	increase	NOUN
cblr-1717	236	83	in	in	ADP
cblr-1717	236	84	the	the	DET
cblr-1717	236	85	stock	stock	NOUN
cblr-1717	236	86	price	price	NOUN
cblr-1717	236	87	.	.	PUNCT
cblr-1717	237	1	this	this	DET
cblr-1717	237	2	increase	increase	NOUN
cblr-1717	237	3	displays	display	VERB
cblr-1717	237	4	a	a	DET
cblr-1717	237	5	clear	clear	ADJ
cblr-1717	237	6	improvement	improvement	NOUN
cblr-1717	237	7	in	in	ADP
cblr-1717	237	8	the	the	DET
cblr-1717	237	9	corporation	corporation	NOUN
cblr-1717	237	10	’s	’s	PART
cblr-1717	237	11	performance.60	performance.60	PROPN
cblr-1717	237	12	grants	grant	NOUN
cblr-1717	237	13	of	of	ADP
cblr-1717	237	14	restricted	restricted	ADJ
cblr-1717	237	15	stock	stock	NOUN
cblr-1717	237	16	,	,	PUNCT
cblr-1717	237	17	on	on	ADP
cblr-1717	237	18	the	the	DET
cblr-1717	237	19	other	other	ADJ
cblr-1717	237	20	hand	hand	NOUN
cblr-1717	237	21	,	,	PUNCT
cblr-1717	237	22	are	be	AUX
cblr-1717	237	23	not	not	PART
cblr-1717	237	24	considered	consider	VERB
cblr-1717	237	25	inherently	inherently	ADV
cblr-1717	237	26	performance	performance	NOUN
cblr-1717	237	27	-	-	PUNCT
cblr-1717	237	28	based	base	VERB
cblr-1717	237	29	because	because	SCONJ
cblr-1717	237	30	the	the	DET
cblr-1717	237	31	executive	executive	NOUN
cblr-1717	237	32	will	will	AUX
cblr-1717	237	33	receive	receive	VERB
cblr-1717	237	34	the	the	DET
cblr-1717	237	35	compensation	compensation	NOUN
cblr-1717	237	36	even	even	ADV
cblr-1717	237	37	if	if	SCONJ
cblr-1717	237	38	the	the	DET
cblr-1717	237	39	stock	stock	NOUN
cblr-1717	237	40	price	price	NOUN
cblr-1717	237	41	decreases	decrease	NOUN
cblr-1717	237	42	or	or	CCONJ
cblr-1717	237	43	stays	stay	VERB
cblr-1717	237	44	the	the	DET
cblr-1717	237	45	same	same	ADJ
cblr-1717	237	46	.	.	PUNCT
cblr-1717	238	1	thus	thus	ADV
cblr-1717	238	2	,	,	PUNCT
cblr-1717	238	3	restricted	restrict	VERB
cblr-1717	238	4	stock	stock	NOUN
cblr-1717	238	5	is	be	AUX
cblr-1717	238	6	treated	treat	VERB
cblr-1717	238	7	like	like	ADP
cblr-1717	238	8	cash	cash	NOUN
cblr-1717	238	9	compensation	compensation	NOUN
cblr-1717	238	10	and	and	CCONJ
cblr-1717	238	11	will	will	AUX
cblr-1717	238	12	not	not	PART
cblr-1717	238	13	satisfy	satisfy	VERB
cblr-1717	238	14	section	section	NOUN
cblr-1717	238	15	162(m	162(m	NUM
cblr-1717	238	16	)	)	PUNCT
cblr-1717	238	17	unless	unless	SCONJ
cblr-1717	238	18	the	the	DET
cblr-1717	238	19	grant	grant	NOUN
cblr-1717	238	20	or	or	CCONJ
cblr-1717	238	21	vesting	vesting	NOUN
cblr-1717	238	22	of	of	ADP
cblr-1717	238	23	the	the	DET
cblr-1717	238	24	restricted	restrict	VERB
cblr-1717	238	25	stock	stock	NOUN
cblr-1717	238	26	is	be	AUX
cblr-1717	238	27	based	base	VERB
cblr-1717	238	28	on	on	ADP
cblr-1717	238	29	the	the	DET
cblr-1717	238	30	attainment	attainment	NOUN
cblr-1717	238	31	of	of	ADP
cblr-1717	238	32	performance	performance	NOUN
cblr-1717	238	33	goals	goal	NOUN
cblr-1717	238	34	.	.	PUNCT
cblr-1717	239	1	in	in	ADP
cblr-1717	239	2	effect	effect	NOUN
cblr-1717	239	3	,	,	PUNCT
cblr-1717	239	4	“	"	PUNCT
cblr-1717	239	5	the	the	DET
cblr-1717	239	6	expected	expect	VERB
cblr-1717	239	7	payoffs	payoff	NOUN
cblr-1717	239	8	on	on	ADP
cblr-1717	239	9	restricted	restrict	VERB
cblr-1717	239	10	stock	stock	NOUN
cblr-1717	239	11	.	.	PUNCT
cblr-1717	239	12	.	.	PUNCT
cblr-1717	240	1	.	.	PUNCT
cblr-1717	241	1	are	be	AUX
cblr-1717	241	2	less	less	ADV
cblr-1717	241	3	sensitive	sensitive	ADJ
cblr-1717	241	4	to	to	PART
cblr-1717	241	5	share	share	VERB
cblr-1717	241	6	price	price	NOUN
cblr-1717	241	7	movements	movement	NOUN
cblr-1717	241	8	than	than	ADP
cblr-1717	241	9	the	the	DET
cblr-1717	241	10	payoffs	payoff	NOUN
cblr-1717	241	11	for	for	ADP
cblr-1717	241	12	.	.	PUNCT
cblr-1717	241	13	.	.	PUNCT
cblr-1717	241	14	.	.	PUNCT
cblr-1717	242	1	options	option	NOUN
cblr-1717	242	2	.	.	PUNCT
cblr-1717	243	1	”61	”61	NOUN
cblr-1717	243	2	as	as	ADP
cblr-1717	243	3	a	a	DET
cblr-1717	243	4	result	result	NOUN
cblr-1717	243	5	,	,	PUNCT
cblr-1717	243	6	section	section	NOUN
cblr-1717	243	7	162(m	162(m	NUM
cblr-1717	243	8	)	)	PUNCT
cblr-1717	243	9	makes	make	VERB
cblr-1717	243	10	stock	stock	NOUN
cblr-1717	243	11	options	option	NOUN
cblr-1717	243	12	relatively	relatively	ADV
cblr-1717	243	13	less	less	ADV
cblr-1717	243	14	expensive	expensive	ADJ
cblr-1717	243	15	than	than	ADP
cblr-1717	243	16	base	base	NOUN
cblr-1717	243	17	salaries	salary	NOUN
cblr-1717	243	18	,	,	PUNCT
cblr-1717	243	19	bonuses	bonus	NOUN
cblr-1717	243	20	,	,	PUNCT
cblr-1717	243	21	or	or	CCONJ
cblr-1717	243	22	stock	stock	NOUN
cblr-1717	243	23	grants	grant	NOUN
cblr-1717	243	24	—	—	PUNCT
cblr-1717	243	25	all	all	PRON
cblr-1717	243	26	of	of	ADP
cblr-1717	243	27	which	which	PRON
cblr-1717	243	28	are	be	AUX
cblr-1717	243	29	subject	subject	ADJ
cblr-1717	243	30	to	to	ADP
cblr-1717	243	31	the	the	DET
cblr-1717	243	32	$	$	SYM
cblr-1717	243	33	1	1	NUM
cblr-1717	243	34	million	million	NUM
cblr-1717	243	35	cap.62	cap.62	NOUN
cblr-1717	243	36	of	of	ADP
cblr-1717	243	37	the	the	DET
cblr-1717	243	38	individual	individual	ADJ
cblr-1717	243	39	,	,	PUNCT
cblr-1717	243	40	business	business	NOUN
cblr-1717	243	41	unit	unit	NOUN
cblr-1717	243	42	,	,	PUNCT
cblr-1717	243	43	or	or	CCONJ
cblr-1717	243	44	corporation	corporation	NOUN
cblr-1717	243	45	.	.	PUNCT
cblr-1717	244	1	finance	finance	NOUN
cblr-1717	244	2	committee	committee	PROPN
cblr-1717	244	3	hearing	hearing	NOUN
cblr-1717	244	4	,	,	PUNCT
cblr-1717	244	5	supra	supra	PROPN
cblr-1717	244	6	note	note	PROPN
cblr-1717	244	7	22	22	NUM
cblr-1717	244	8	,	,	PUNCT
cblr-1717	244	9	at	at	ADP
cblr-1717	244	10	4	4	NUM
cblr-1717	244	11	.	.	NOUN
cblr-1717	244	12	58	58	NUM
cblr-1717	244	13	i.r.c	i.r.c	NOUN
cblr-1717	244	14	.	.	PUNCT
cblr-1717	245	1	§	§	PROPN
cblr-1717	245	2	§	§	PROPN
cblr-1717	245	3	162(m)(4)(c)(i)–(ii	162(m)(4)(c)(i)–(ii	NUM
cblr-1717	245	4	)	)	PUNCT
cblr-1717	245	5	(	(	PUNCT
cblr-1717	245	6	2012	2012	NUM
cblr-1717	245	7	)	)	PUNCT
cblr-1717	245	8	.	.	PUNCT
cblr-1717	246	1	59	59	NUM
cblr-1717	246	2	i.r.c	i.r.c	NOUN
cblr-1717	246	3	.	.	PUNCT
cblr-1717	247	1	§	§	PROPN
cblr-1717	247	2	162(m)(4)(c)(iii	162(m)(4)(c)(iii	NUM
cblr-1717	247	3	)	)	PUNCT
cblr-1717	247	4	(	(	PUNCT
cblr-1717	247	5	2012	2012	NUM
cblr-1717	247	6	)	)	PUNCT
cblr-1717	247	7	.	.	PUNCT
cblr-1717	248	1	60	60	NUM
cblr-1717	248	2	i.r.c	i.r.c	NOUN
cblr-1717	248	3	.	.	PUNCT
cblr-1717	249	1	§	§	PROPN
cblr-1717	249	2	162(m)(4)(g	162(m)(4)(g	PROPN
cblr-1717	249	3	)	)	PUNCT
cblr-1717	249	4	(	(	PUNCT
cblr-1717	249	5	2012	2012	NUM
cblr-1717	249	6	)	)	PUNCT
cblr-1717	249	7	(	(	PUNCT
cblr-1717	249	8	unless	unless	SCONJ
cblr-1717	249	9	the	the	DET
cblr-1717	249	10	exercise	exercise	NOUN
cblr-1717	249	11	price	price	NOUN
cblr-1717	249	12	is	be	AUX
cblr-1717	249	13	less	less	ADJ
cblr-1717	249	14	than	than	ADP
cblr-1717	249	15	the	the	DET
cblr-1717	249	16	fair	fair	ADJ
cblr-1717	249	17	market	market	NOUN
cblr-1717	249	18	price	price	NOUN
cblr-1717	249	19	of	of	ADP
cblr-1717	249	20	the	the	DET
cblr-1717	249	21	stock	stock	NOUN
cblr-1717	249	22	at	at	ADP
cblr-1717	249	23	the	the	DET
cblr-1717	249	24	time	time	NOUN
cblr-1717	249	25	of	of	ADP
cblr-1717	249	26	the	the	DET
cblr-1717	249	27	grant	grant	NOUN
cblr-1717	249	28	)	)	PUNCT
cblr-1717	249	29	.	.	PUNCT
cblr-1717	250	1	treas	treas	PROPN
cblr-1717	250	2	.	.	PUNCT
cblr-1717	251	1	reg	reg	PROPN
cblr-1717	251	2	.	.	PUNCT
cblr-1717	252	1	§	§	PROPN
cblr-1717	252	2	1.162	1.162	NUM
cblr-1717	252	3	-	-	SYM
cblr-1717	252	4	27(e)(2)(vi	27(e)(2)(vi	NUM
cblr-1717	252	5	)	)	PUNCT
cblr-1717	252	6	(	(	PUNCT
cblr-1717	252	7	“	"	PUNCT
cblr-1717	252	8	compensation	compensation	NOUN
cblr-1717	252	9	attributable	attributable	ADJ
cblr-1717	252	10	to	to	ADP
cblr-1717	252	11	a	a	DET
cblr-1717	252	12	stock	stock	NOUN
cblr-1717	252	13	option	option	NOUN
cblr-1717	252	14	or	or	CCONJ
cblr-1717	252	15	a	a	DET
cblr-1717	252	16	stock	stock	NOUN
cblr-1717	252	17	appreciation	appreciation	NOUN
cblr-1717	252	18	right	right	NOUN
cblr-1717	252	19	is	be	AUX
cblr-1717	252	20	deemed	deem	VERB
cblr-1717	252	21	[	[	PUNCT
cblr-1717	252	22	fully	fully	ADV
cblr-1717	252	23	deductible	deductible	ADJ
cblr-1717	252	24	if	if	SCONJ
cblr-1717	252	25	]	]	X
cblr-1717	252	26	the	the	DET
cblr-1717	252	27	amount	amount	NOUN
cblr-1717	252	28	of	of	ADP
cblr-1717	252	29	compensation	compensation	NOUN
cblr-1717	252	30	the	the	DET
cblr-1717	252	31	employee	employee	NOUN
cblr-1717	252	32	could	could	AUX
cblr-1717	252	33	receive	receive	VERB
cblr-1717	252	34	is	be	AUX
cblr-1717	252	35	based	base	VERB
cblr-1717	252	36	solely	solely	ADV
cblr-1717	252	37	on	on	ADP
cblr-1717	252	38	an	an	DET
cblr-1717	252	39	increase	increase	NOUN
cblr-1717	252	40	in	in	ADP
cblr-1717	252	41	the	the	DET
cblr-1717	252	42	value	value	NOUN
cblr-1717	252	43	of	of	ADP
cblr-1717	252	44	the	the	DET
cblr-1717	252	45	stock	stock	NOUN
cblr-1717	252	46	after	after	ADP
cblr-1717	252	47	the	the	DET
cblr-1717	252	48	date	date	NOUN
cblr-1717	252	49	of	of	ADP
cblr-1717	252	50	the	the	DET
cblr-1717	252	51	grant	grant	NOUN
cblr-1717	252	52	or	or	CCONJ
cblr-1717	252	53	award	award	NOUN
cblr-1717	252	54	.	.	PUNCT
cblr-1717	252	55	”	"	PUNCT
cblr-1717	252	56	)	)	PUNCT
cblr-1717	252	57	.	.	PUNCT
cblr-1717	253	1	61	61	NUM
cblr-1717	253	2	david	david	PROPN
cblr-1717	253	3	i.	i.	PROPN
cblr-1717	253	4	walker	walker	PROPN
cblr-1717	253	5	,	,	PUNCT
cblr-1717	253	6	the	the	DET
cblr-1717	253	7	non	non	ADJ
cblr-1717	253	8	-	-	NOUN
cblr-1717	253	9	option	option	NOUN
cblr-1717	253	10	:	:	PUNCT
cblr-1717	253	11	understanding	understand	VERB
cblr-1717	253	12	the	the	DET
cblr-1717	253	13	dearth	dearth	NOUN
cblr-1717	253	14	of	of	ADP
cblr-1717	253	15	discounted	discount	VERB
cblr-1717	253	16	employee	employee	NOUN
cblr-1717	253	17	stock	stock	NOUN
cblr-1717	253	18	options	option	NOUN
cblr-1717	253	19	,	,	PUNCT
cblr-1717	253	20	89	89	NUM
cblr-1717	253	21	b.u.l	b.u.l	NOUN
cblr-1717	253	22	.	.	PUNCT
cblr-1717	253	23	rev	rev	PROPN
cblr-1717	253	24	.	.	PROPN
cblr-1717	253	25	1505	1505	NUM
cblr-1717	253	26	,	,	PUNCT
cblr-1717	253	27	1535	1535	NUM
cblr-1717	253	28	(	(	PUNCT
cblr-1717	253	29	2009	2009	NUM
cblr-1717	253	30	)	)	PUNCT
cblr-1717	253	31	.	.	PUNCT
cblr-1717	254	1	62	62	NUM
cblr-1717	254	2	i.r.c	i.r.c	NOUN
cblr-1717	254	3	.	.	PUNCT
cblr-1717	255	1	§	§	PROPN
cblr-1717	255	2	162(m	162(m	PROPN
cblr-1717	255	3	)	)	PUNCT
cblr-1717	255	4	(	(	PUNCT
cblr-1717	255	5	2012	2012	NUM
cblr-1717	255	6	)	)	PUNCT
cblr-1717	255	7	.	.	PUNCT
cblr-1717	256	1	these	these	DET
cblr-1717	256	2	tax	tax	NOUN
cblr-1717	256	3	changes	change	NOUN
cblr-1717	256	4	only	only	ADV
cblr-1717	256	5	applied	apply	VERB
cblr-1717	256	6	to	to	ADP
cblr-1717	256	7	the	the	DET
cblr-1717	256	8	most	most	ADV
cblr-1717	256	9	senior	senior	ADJ
cblr-1717	256	10	executives	executive	NOUN
cblr-1717	256	11	—	—	PUNCT
cblr-1717	256	12	the	the	DET
cblr-1717	256	13	ceos	ceos	NOUN
cblr-1717	256	14	and	and	CCONJ
cblr-1717	256	15	the	the	DET
cblr-1717	256	16	other	other	ADJ
cblr-1717	256	17	four	four	NUM
cblr-1717	256	18	highest	high	ADJ
cblr-1717	256	19	paid	pay	VERB
cblr-1717	256	20	employees	employee	NOUN
cblr-1717	256	21	.	.	PUNCT
cblr-1717	257	1	i.r.c	i.r.c	NOUN
cblr-1717	257	2	.	.	PUNCT
cblr-1717	258	1	§	§	PROPN
cblr-1717	258	2	162(m)(3	162(m)(3	NUM
cblr-1717	258	3	)	)	PUNCT
cblr-1717	258	4	(	(	PUNCT
cblr-1717	258	5	2012	2012	NUM
cblr-1717	258	6	)	)	PUNCT
cblr-1717	258	7	.	.	PUNCT
cblr-1717	259	1	after	after	SCONJ
cblr-1717	259	2	the	the	DET
cblr-1717	259	3	sec	sec	PROPN
cblr-1717	259	4	amended	amend	VERB
cblr-1717	259	5	its	its	PRON
cblr-1717	259	6	disclosure	disclosure	NOUN
cblr-1717	259	7	requirements	requirement	NOUN
cblr-1717	259	8	under	under	ADP
cblr-1717	259	9	the	the	DET
cblr-1717	259	10	securities	security	NOUN
cblr-1717	259	11	exchange	exchange	PROPN
cblr-1717	259	12	act	act	NOUN
cblr-1717	259	13	in	in	ADP
cblr-1717	259	14	2006	2006	NUM
cblr-1717	259	15	to	to	PART
cblr-1717	259	16	include	include	VERB
cblr-1717	259	17	individuals	individual	NOUN
cblr-1717	259	18	serving	serve	VERB
cblr-1717	259	19	as	as	ADP
cblr-1717	259	20	the	the	DET
cblr-1717	259	21	principal	principal	ADJ
cblr-1717	259	22	executive	executive	ADJ
cblr-1717	259	23	officer	officer	NOUN
cblr-1717	259	24	,	,	PUNCT
cblr-1717	259	25	the	the	DET
cblr-1717	259	26	principal	principal	ADJ
cblr-1717	259	27	financial	financial	ADJ
cblr-1717	259	28	officer	officer	NOUN
cblr-1717	259	29	,	,	PUNCT
cblr-1717	259	30	and	and	CCONJ
cblr-1717	259	31	the	the	DET
cblr-1717	259	32	three	three	NUM
cblr-1717	259	33	highest	high	ADJ
cblr-1717	259	34	compensated	compensate	VERB
cblr-1717	259	35	executives	executive	NOUN
cblr-1717	259	36	other	other	ADJ
cblr-1717	259	37	than	than	ADP
cblr-1717	259	38	the	the	DET
cblr-1717	259	39	two	two	NUM
cblr-1717	259	40	aforementioned	aforementione	VERB
cblr-1717	259	41	,	,	PUNCT
cblr-1717	259	42	the	the	DET
cblr-1717	259	43	irs	irs	PROPN
cblr-1717	259	44	issued	issue	VERB
cblr-1717	259	45	new	new	ADJ
cblr-1717	259	46	guidance	guidance	NOUN
cblr-1717	259	47	that	that	PRON
cblr-1717	259	48	changes	change	VERB
cblr-1717	259	49	the	the	DET
cblr-1717	259	50	ades	ade	NOUN
cblr-1717	259	51	-	-	PUNCT
cblr-1717	259	52	laurent	laurent	NOUN
cblr-1717	259	53	–	–	PUNCT
cblr-1717	259	54	final	final	ADJ
cblr-1717	259	55	362	362	NUM
cblr-1717	259	56	columbia	columbia	PROPN
cblr-1717	259	57	business	business	NOUN
cblr-1717	259	58	law	law	PROPN
cblr-1717	259	59	review	review	NOUN
cblr-1717	259	60	[	[	X
cblr-1717	259	61	vol	vol	NOUN
cblr-1717	259	62	.	.	NOUN
cblr-1717	259	63	2017	2017	NUM
cblr-1717	259	64	moreover	moreover	ADV
cblr-1717	259	65	,	,	PUNCT
cblr-1717	259	66	section	section	NOUN
cblr-1717	259	67	162(m	162(m	NUM
cblr-1717	259	68	)	)	PUNCT
cblr-1717	259	69	favors	favor	VERB
cblr-1717	259	70	certain	certain	ADJ
cblr-1717	259	71	types	type	NOUN
cblr-1717	259	72	of	of	ADP
cblr-1717	259	73	options	option	NOUN
cblr-1717	259	74	:	:	PUNCT
cblr-1717	259	75	if	if	SCONJ
cblr-1717	259	76	the	the	DET
cblr-1717	259	77	executive	executive	NOUN
cblr-1717	259	78	receives	receive	VERB
cblr-1717	259	79	option	option	NOUN
cblr-1717	259	80	grants	grant	NOUN
cblr-1717	259	81	with	with	ADP
cblr-1717	259	82	an	an	DET
cblr-1717	259	83	exercise	exercise	NOUN
cblr-1717	259	84	price	price	NOUN
cblr-1717	259	85	equal	equal	ADJ
cblr-1717	259	86	to	to	ADP
cblr-1717	259	87	or	or	CCONJ
cblr-1717	259	88	greater	great	ADJ
cblr-1717	259	89	than	than	ADP
cblr-1717	259	90	the	the	DET
cblr-1717	259	91	market	market	NOUN
cblr-1717	259	92	price	price	NOUN
cblr-1717	259	93	,	,	PUNCT
cblr-1717	259	94	then	then	ADV
cblr-1717	259	95	the	the	DET
cblr-1717	259	96	options	option	NOUN
cblr-1717	259	97	are	be	AUX
cblr-1717	259	98	presumed	presume	VERB
cblr-1717	259	99	to	to	PART
cblr-1717	259	100	be	be	AUX
cblr-1717	259	101	performance	performance	NOUN
cblr-1717	259	102	-	-	PUNCT
cblr-1717	259	103	based	base	VERB
cblr-1717	259	104	.	.	PUNCT
cblr-1717	260	1	this	this	PRON
cblr-1717	260	2	is	be	AUX
cblr-1717	260	3	because	because	SCONJ
cblr-1717	260	4	the	the	DET
cblr-1717	260	5	compensation	compensation	NOUN
cblr-1717	260	6	ultimately	ultimately	ADV
cblr-1717	260	7	received	receive	VERB
cblr-1717	260	8	is	be	AUX
cblr-1717	260	9	based	base	VERB
cblr-1717	260	10	solely	solely	ADV
cblr-1717	260	11	on	on	ADP
cblr-1717	260	12	an	an	DET
cblr-1717	260	13	increase	increase	NOUN
cblr-1717	260	14	in	in	ADP
cblr-1717	260	15	the	the	DET
cblr-1717	260	16	value	value	NOUN
cblr-1717	260	17	of	of	ADP
cblr-1717	260	18	the	the	DET
cblr-1717	260	19	stock	stock	NOUN
cblr-1717	260	20	after	after	ADP
cblr-1717	260	21	the	the	DET
cblr-1717	260	22	date	date	NOUN
cblr-1717	260	23	of	of	ADP
cblr-1717	260	24	the	the	DET
cblr-1717	260	25	grant.63	grant.63	PROPN
cblr-1717	260	26	a	a	DET
cblr-1717	260	27	discounted	discount	VERB
cblr-1717	260	28	stock	stock	NOUN
cblr-1717	260	29	option	option	NOUN
cblr-1717	260	30	,	,	PUNCT
cblr-1717	260	31	with	with	ADP
cblr-1717	260	32	an	an	DET
cblr-1717	260	33	exercise	exercise	NOUN
cblr-1717	260	34	price	price	NOUN
cblr-1717	260	35	below	below	ADP
cblr-1717	260	36	the	the	DET
cblr-1717	260	37	market	market	NOUN
cblr-1717	260	38	price	price	NOUN
cblr-1717	260	39	,	,	PUNCT
cblr-1717	260	40	however	however	ADV
cblr-1717	260	41	,	,	PUNCT
cblr-1717	260	42	has	have	AUX
cblr-1717	260	43	value	value	NOUN
cblr-1717	260	44	immediately	immediately	ADV
cblr-1717	260	45	,	,	PUNCT
cblr-1717	260	46	so	so	SCONJ
cblr-1717	260	47	it	it	PRON
cblr-1717	260	48	can	can	AUX
cblr-1717	260	49	not	not	PART
cblr-1717	260	50	be	be	AUX
cblr-1717	260	51	described	describe	VERB
cblr-1717	260	52	as	as	ADP
cblr-1717	260	53	“	"	PUNCT
cblr-1717	260	54	performance	performance	NOUN
cblr-1717	260	55	-	-	PUNCT
cblr-1717	260	56	based	base	VERB
cblr-1717	260	57	.	.	PUNCT
cblr-1717	260	58	”	"	PUNCT
cblr-1717	261	1	thus	thus	ADV
cblr-1717	261	2	,	,	PUNCT
cblr-1717	261	3	at	at	ADP
cblr-1717	261	4	-	-	PUNCT
cblr-1717	261	5	themoney	themoney	NOUN
cblr-1717	261	6	options	option	NOUN
cblr-1717	261	7	receive	receive	VERB
cblr-1717	261	8	more	more	ADV
cblr-1717	261	9	favorable	favorable	ADJ
cblr-1717	261	10	tax	tax	NOUN
cblr-1717	261	11	treatment	treatment	NOUN
cblr-1717	261	12	,	,	PUNCT
cblr-1717	261	13	since	since	SCONJ
cblr-1717	261	14	they	they	PRON
cblr-1717	261	15	fall	fall	VERB
cblr-1717	261	16	under	under	ADP
cblr-1717	261	17	the	the	DET
cblr-1717	261	18	exception	exception	NOUN
cblr-1717	261	19	to	to	ADP
cblr-1717	261	20	the	the	DET
cblr-1717	261	21	$	$	SYM
cblr-1717	261	22	1	1	NUM
cblr-1717	261	23	million	million	NUM
cblr-1717	261	24	limitation	limitation	NOUN
cblr-1717	261	25	.	.	PUNCT
cblr-1717	262	1	as	as	SCONJ
cblr-1717	262	2	discussed	discuss	VERB
cblr-1717	262	3	in	in	ADP
cblr-1717	262	4	section	section	NOUN
cblr-1717	262	5	i.c.1	i.c.1	SYM
cblr-1717	262	6	supra	supra	NOUN
cblr-1717	262	7	,	,	PUNCT
cblr-1717	262	8	executives	executive	NOUN
cblr-1717	262	9	may	may	AUX
cblr-1717	262	10	backdate	backdate	VERB
cblr-1717	262	11	options	option	NOUN
cblr-1717	262	12	to	to	ADP
cblr-1717	262	13	the	the	DET
cblr-1717	262	14	lowest	low	ADJ
cblr-1717	262	15	price	price	NOUN
cblr-1717	262	16	of	of	ADP
cblr-1717	262	17	the	the	DET
cblr-1717	262	18	underlying	underlie	VERB
cblr-1717	262	19	stock	stock	NOUN
cblr-1717	262	20	in	in	ADP
cblr-1717	262	21	order	order	NOUN
cblr-1717	262	22	to	to	PART
cblr-1717	262	23	group	group	NOUN
cblr-1717	262	24	of	of	ADP
cblr-1717	262	25	covered	covered	ADJ
cblr-1717	262	26	employees	employee	NOUN
cblr-1717	262	27	subject	subject	ADJ
cblr-1717	262	28	to	to	ADP
cblr-1717	262	29	the	the	DET
cblr-1717	262	30	compensation	compensation	NOUN
cblr-1717	262	31	deduction	deduction	NOUN
cblr-1717	262	32	limit	limit	NOUN
cblr-1717	262	33	under	under	ADP
cblr-1717	262	34	section	section	NOUN
cblr-1717	262	35	162(m	162(m	NUM
cblr-1717	262	36	)	)	PUNCT
cblr-1717	262	37	.	.	PUNCT
cblr-1717	263	1	under	under	ADP
cblr-1717	263	2	the	the	DET
cblr-1717	263	3	new	new	ADJ
cblr-1717	263	4	rules	rule	NOUN
cblr-1717	263	5	,	,	PUNCT
cblr-1717	263	6	the	the	DET
cblr-1717	263	7	company	company	NOUN
cblr-1717	263	8	’s	’s	PART
cblr-1717	263	9	cfo	cfo	NOUN
cblr-1717	263	10	will	will	AUX
cblr-1717	263	11	never	never	ADV
cblr-1717	263	12	be	be	AUX
cblr-1717	263	13	subject	subject	ADJ
cblr-1717	263	14	to	to	ADP
cblr-1717	263	15	section	section	NOUN
cblr-1717	263	16	162(m	162(m	NUM
cblr-1717	263	17	)	)	PUNCT
cblr-1717	263	18	,	,	PUNCT
cblr-1717	263	19	even	even	ADV
cblr-1717	263	20	if	if	SCONJ
cblr-1717	263	21	the	the	DET
cblr-1717	263	22	cfo	cfo	NOUN
cblr-1717	263	23	is	be	AUX
cblr-1717	263	24	one	one	NUM
cblr-1717	263	25	of	of	ADP
cblr-1717	263	26	the	the	DET
cblr-1717	263	27	most	most	ADV
cblr-1717	263	28	highly	highly	ADV
cblr-1717	263	29	compensated	compensated	ADJ
cblr-1717	263	30	officers	officer	NOUN
cblr-1717	263	31	.	.	PUNCT
cblr-1717	264	1	i.r.s	i.r.s	PROPN
cblr-1717	264	2	.	.	PUNCT
cblr-1717	265	1	notice	notice	VERB
cblr-1717	265	2	2007	2007	NUM
cblr-1717	265	3	-	-	SYM
cblr-1717	265	4	49	49	NUM
cblr-1717	265	5	,	,	PUNCT
cblr-1717	265	6	2007	2007	NUM
cblr-1717	265	7	-	-	SYM
cblr-1717	265	8	1	1	NUM
cblr-1717	265	9	c.b	c.b	PROPN
cblr-1717	265	10	.	.	PROPN
cblr-1717	265	11	1429	1429	NUM
cblr-1717	265	12	,	,	PUNCT
cblr-1717	265	13	https://www.irs.gov/pub/irs-drop/n-07-49.pdf	https://www.irs.gov/pub/irs-drop/n-07-49.pdf	PROPN
cblr-1717	266	1	[	[	X
cblr-1717	266	2	https://perma.cc/zs7eq44k	https://perma.cc/zs7eq44k	PROPN
cblr-1717	266	3	]	]	X
cblr-1717	266	4	.	.	PUNCT
cblr-1717	267	1	furthermore	furthermore	ADV
cblr-1717	267	2	,	,	PUNCT
cblr-1717	267	3	the	the	DET
cblr-1717	267	4	total	total	ADJ
cblr-1717	267	5	number	number	NOUN
cblr-1717	267	6	of	of	ADP
cblr-1717	267	7	officers	officer	NOUN
cblr-1717	267	8	in	in	ADP
cblr-1717	267	9	addition	addition	NOUN
cblr-1717	267	10	to	to	ADP
cblr-1717	267	11	the	the	DET
cblr-1717	267	12	ceo	ceo	NOUN
cblr-1717	267	13	who	who	PRON
cblr-1717	267	14	are	be	AUX
cblr-1717	267	15	subject	subject	ADJ
cblr-1717	267	16	to	to	ADP
cblr-1717	267	17	section	section	NOUN
cblr-1717	267	18	162(m	162(m	NUM
cblr-1717	267	19	)	)	PUNCT
cblr-1717	267	20	was	be	AUX
cblr-1717	267	21	reduced	reduce	VERB
cblr-1717	267	22	from	from	ADP
cblr-1717	267	23	four	four	NUM
cblr-1717	267	24	to	to	PART
cblr-1717	267	25	three	three	NUM
cblr-1717	267	26	.	.	PUNCT
cblr-1717	268	1	i	i	PRON
cblr-1717	268	2	d.	d.	PROPN
cblr-1717	268	3	at	at	ADP
cblr-1717	268	4	3	3	NUM
cblr-1717	268	5	.	.	PUNCT
cblr-1717	269	1	this	this	DET
cblr-1717	269	2	change	change	NOUN
cblr-1717	269	3	is	be	AUX
cblr-1717	269	4	intended	intend	VERB
cblr-1717	269	5	to	to	PART
cblr-1717	269	6	resolve	resolve	VERB
cblr-1717	269	7	the	the	DET
cblr-1717	269	8	conflict	conflict	NOUN
cblr-1717	269	9	between	between	ADP
cblr-1717	269	10	the	the	DET
cblr-1717	269	11	2006	2006	NUM
cblr-1717	269	12	amended	amend	VERB
cblr-1717	269	13	sec	sec	PROPN
cblr-1717	269	14	disclosure	disclosure	NOUN
cblr-1717	269	15	rules	rule	NOUN
cblr-1717	269	16	and	and	CCONJ
cblr-1717	269	17	section	section	NOUN
cblr-1717	269	18	162(m	162(m	NUM
cblr-1717	269	19	)	)	PUNCT
cblr-1717	269	20	.	.	PUNCT
cblr-1717	270	1	while	while	SCONJ
cblr-1717	270	2	the	the	DET
cblr-1717	270	3	amended	amend	VERB
cblr-1717	270	4	disclosure	disclosure	NOUN
cblr-1717	270	5	rules	rule	NOUN
cblr-1717	270	6	continue	continue	VERB
cblr-1717	270	7	to	to	PART
cblr-1717	270	8	require	require	VERB
cblr-1717	270	9	disclosure	disclosure	NOUN
cblr-1717	270	10	for	for	ADP
cblr-1717	270	11	five	five	NUM
cblr-1717	270	12	executive	executive	ADJ
cblr-1717	270	13	officers	officer	NOUN
cblr-1717	270	14	,	,	PUNCT
cblr-1717	270	15	two	two	NUM
cblr-1717	270	16	are	be	AUX
cblr-1717	270	17	now	now	ADV
cblr-1717	270	18	covered	cover	VERB
cblr-1717	270	19	by	by	ADP
cblr-1717	270	20	the	the	DET
cblr-1717	270	21	rules	rule	NOUN
cblr-1717	270	22	based	base	VERB
cblr-1717	270	23	on	on	ADP
cblr-1717	270	24	their	their	PRON
cblr-1717	270	25	positions	position	NOUN
cblr-1717	270	26	,	,	PUNCT
cblr-1717	270	27	and	and	CCONJ
cblr-1717	270	28	three	three	NUM
cblr-1717	270	29	are	be	AUX
cblr-1717	270	30	covered	cover	VERB
cblr-1717	270	31	based	base	VERB
cblr-1717	270	32	on	on	ADP
cblr-1717	270	33	their	their	PRON
cblr-1717	270	34	level	level	NOUN
cblr-1717	270	35	of	of	ADP
cblr-1717	270	36	compensation	compensation	NOUN
cblr-1717	270	37	.	.	PUNCT
cblr-1717	271	1	in	in	ADP
cblr-1717	271	2	contrast	contrast	NOUN
cblr-1717	271	3	,	,	PUNCT
cblr-1717	271	4	a	a	DET
cblr-1717	271	5	covered	cover	VERB
cblr-1717	271	6	employee	employee	NOUN
cblr-1717	271	7	under	under	ADP
cblr-1717	271	8	section	section	NOUN
cblr-1717	271	9	162(m	162(m	NUM
cblr-1717	271	10	)	)	PUNCT
cblr-1717	271	11	consists	consist	VERB
cblr-1717	271	12	of	of	ADP
cblr-1717	271	13	one	one	NUM
cblr-1717	271	14	executive	executive	ADJ
cblr-1717	271	15	officer	officer	NOUN
cblr-1717	271	16	based	base	VERB
cblr-1717	271	17	on	on	ADP
cblr-1717	271	18	her	her	PRON
cblr-1717	271	19	position	position	NOUN
cblr-1717	271	20	and	and	CCONJ
cblr-1717	271	21	four	four	NUM
cblr-1717	271	22	based	base	VERB
cblr-1717	271	23	on	on	ADP
cblr-1717	271	24	their	their	PRON
cblr-1717	271	25	level	level	NOUN
cblr-1717	271	26	of	of	ADP
cblr-1717	271	27	compensation	compensation	NOUN
cblr-1717	271	28	.	.	PUNCT
cblr-1717	272	1	i	i	PRON
cblr-1717	272	2	d.	d.	PROPN
cblr-1717	272	3	the	the	DET
cblr-1717	272	4	interpretation	interpretation	NOUN
cblr-1717	272	5	specifically	specifically	ADV
cblr-1717	272	6	provides	provide	VERB
cblr-1717	272	7	that	that	SCONJ
cblr-1717	272	8	the	the	DET
cblr-1717	272	9	principal	principal	ADJ
cblr-1717	272	10	financial	financial	ADJ
cblr-1717	272	11	officer	officer	NOUN
cblr-1717	272	12	is	be	AUX
cblr-1717	272	13	not	not	PART
cblr-1717	272	14	included	include	VERB
cblr-1717	272	15	as	as	ADP
cblr-1717	272	16	a	a	DET
cblr-1717	272	17	covered	covered	ADJ
cblr-1717	272	18	employee	employee	NOUN
cblr-1717	272	19	,	,	PUNCT
cblr-1717	272	20	and	and	CCONJ
cblr-1717	272	21	as	as	ADP
cblr-1717	272	22	a	a	DET
cblr-1717	272	23	result	result	NOUN
cblr-1717	272	24	,	,	PUNCT
cblr-1717	272	25	is	be	AUX
cblr-1717	272	26	not	not	PART
cblr-1717	272	27	subject	subject	ADJ
cblr-1717	272	28	to	to	ADP
cblr-1717	272	29	the	the	DET
cblr-1717	272	30	section	section	NOUN
cblr-1717	272	31	162(m	162(m	NUM
cblr-1717	272	32	)	)	PUNCT
cblr-1717	272	33	deduction	deduction	NOUN
cblr-1717	272	34	limitation	limitation	NOUN
cblr-1717	272	35	.	.	PUNCT
cblr-1717	273	1	i	i	PRON
cblr-1717	273	2	d.	d.	PROPN
cblr-1717	273	3	at	at	ADP
cblr-1717	273	4	4	4	NUM
cblr-1717	273	5	.	.	NUM
cblr-1717	273	6	63	63	NUM
cblr-1717	273	7	the	the	DET
cblr-1717	273	8	conference	conference	NOUN
cblr-1717	273	9	report	report	NOUN
cblr-1717	273	10	for	for	ADP
cblr-1717	273	11	i.r.c	i.r.c	NOUN
cblr-1717	273	12	.	.	PUNCT
cblr-1717	274	1	§	§	PROPN
cblr-1717	274	2	162(m	162(m	PROPN
cblr-1717	274	3	)	)	PUNCT
cblr-1717	274	4	describes	describe	VERB
cblr-1717	274	5	:	:	PUNCT
cblr-1717	274	6	stock	stock	NOUN
cblr-1717	274	7	-	-	PUNCT
cblr-1717	274	8	based	base	VERB
cblr-1717	274	9	compensation	compensation	NOUN
cblr-1717	274	10	is	be	AUX
cblr-1717	274	11	not	not	PART
cblr-1717	274	12	treated	treat	VERB
cblr-1717	274	13	as	as	SCONJ
cblr-1717	274	14	performancebased	performancebase	VERB
cblr-1717	274	15	if	if	SCONJ
cblr-1717	274	16	it	it	PRON
cblr-1717	274	17	is	be	AUX
cblr-1717	274	18	dependent	dependent	ADJ
cblr-1717	274	19	on	on	ADP
cblr-1717	274	20	other	other	ADJ
cblr-1717	274	21	factors	factor	NOUN
cblr-1717	274	22	other	other	ADJ
cblr-1717	274	23	than	than	ADP
cblr-1717	274	24	corporate	corporate	ADJ
cblr-1717	274	25	performance	performance	NOUN
cblr-1717	274	26	.	.	PUNCT
cblr-1717	275	1	for	for	ADP
cblr-1717	275	2	example	example	NOUN
cblr-1717	275	3	,	,	PUNCT
cblr-1717	275	4	if	if	SCONJ
cblr-1717	275	5	a	a	DET
cblr-1717	275	6	stock	stock	NOUN
cblr-1717	275	7	option	option	NOUN
cblr-1717	275	8	is	be	AUX
cblr-1717	275	9	granted	grant	VERB
cblr-1717	275	10	to	to	ADP
cblr-1717	275	11	an	an	DET
cblr-1717	275	12	executive	executive	NOUN
cblr-1717	275	13	with	with	ADP
cblr-1717	275	14	an	an	DET
cblr-1717	275	15	exercise	exercise	NOUN
cblr-1717	275	16	price	price	NOUN
cblr-1717	275	17	that	that	PRON
cblr-1717	275	18	is	be	AUX
cblr-1717	275	19	less	less	ADJ
cblr-1717	275	20	than	than	ADP
cblr-1717	275	21	the	the	DET
cblr-1717	275	22	current	current	ADJ
cblr-1717	275	23	fair	fair	ADJ
cblr-1717	275	24	market	market	NOUN
cblr-1717	275	25	value	value	NOUN
cblr-1717	275	26	of	of	ADP
cblr-1717	275	27	the	the	DET
cblr-1717	275	28	stock	stock	NOUN
cblr-1717	275	29	at	at	ADP
cblr-1717	275	30	the	the	DET
cblr-1717	275	31	time	time	NOUN
cblr-1717	275	32	of	of	ADP
cblr-1717	275	33	the	the	DET
cblr-1717	275	34	grant	grant	NOUN
cblr-1717	275	35	,	,	PUNCT
cblr-1717	275	36	then	then	ADV
cblr-1717	275	37	the	the	DET
cblr-1717	275	38	executive	executive	NOUN
cblr-1717	275	39	would	would	AUX
cblr-1717	275	40	have	have	VERB
cblr-1717	275	41	the	the	DET
cblr-1717	275	42	right	right	NOUN
cblr-1717	275	43	to	to	PART
cblr-1717	275	44	receive	receive	VERB
cblr-1717	275	45	compensation	compensation	NOUN
cblr-1717	275	46	on	on	ADP
cblr-1717	275	47	the	the	DET
cblr-1717	275	48	exercise	exercise	NOUN
cblr-1717	275	49	of	of	ADP
cblr-1717	275	50	the	the	DET
cblr-1717	275	51	option	option	NOUN
cblr-1717	275	52	even	even	ADV
cblr-1717	275	53	if	if	SCONJ
cblr-1717	275	54	the	the	DET
cblr-1717	275	55	stock	stock	NOUN
cblr-1717	275	56	price	price	NOUN
cblr-1717	275	57	decreases	decrease	NOUN
cblr-1717	275	58	or	or	CCONJ
cblr-1717	275	59	stays	stay	VERB
cblr-1717	275	60	the	the	DET
cblr-1717	275	61	same	same	ADJ
cblr-1717	275	62	.	.	PUNCT
cblr-1717	276	1	thus	thus	ADV
cblr-1717	276	2	,	,	PUNCT
cblr-1717	276	3	[	[	X
cblr-1717	276	4	such	such	ADJ
cblr-1717	276	5	]	]	PUNCT
cblr-1717	276	6	options	option	NOUN
cblr-1717	276	7	.	.	PUNCT
cblr-1717	276	8	.	.	PUNCT
cblr-1717	276	9	.	.	PUNCT
cblr-1717	277	1	do	do	AUX
cblr-1717	277	2	not	not	PART
cblr-1717	277	3	meet	meet	VERB
cblr-1717	277	4	the	the	DET
cblr-1717	277	5	requirements	requirement	NOUN
cblr-1717	277	6	for	for	ADP
cblr-1717	277	7	performancebased	performancebase	VERB
cblr-1717	277	8	compensation	compensation	NOUN
cblr-1717	277	9	.	.	PUNCT
cblr-1717	278	1	finance	finance	NOUN
cblr-1717	278	2	committee	committee	PROPN
cblr-1717	278	3	hearing	hearing	NOUN
cblr-1717	278	4	,	,	PUNCT
cblr-1717	278	5	supra	supra	PROPN
cblr-1717	278	6	note	note	PROPN
cblr-1717	278	7	22	22	NUM
cblr-1717	278	8	,	,	PUNCT
cblr-1717	278	9	at	at	ADP
cblr-1717	278	10	5	5	NUM
cblr-1717	278	11	.	.	PUNCT
cblr-1717	278	12	ades	ade	NOUN
cblr-1717	278	13	-	-	PUNCT
cblr-1717	278	14	laurent	laurent	NOUN
cblr-1717	278	15	–	–	PUNCT
cblr-1717	278	16	final	final	ADJ
cblr-1717	278	17	no	no	NOUN
cblr-1717	278	18	.	.	PUNCT
cblr-1717	279	1	1:347	1:347	NUM
cblr-1717	279	2	]	]	PUNCT
cblr-1717	279	3	disappearing	disappear	VERB
cblr-1717	279	4	stock	stock	NOUN
cblr-1717	279	5	options	option	NOUN
cblr-1717	279	6	363	363	NUM
cblr-1717	279	7	avoid	avoid	VERB
cblr-1717	279	8	detrimental	detrimental	ADJ
cblr-1717	279	9	tax	tax	NOUN
cblr-1717	279	10	consequences	consequence	NOUN
cblr-1717	279	11	.	.	PUNCT
cblr-1717	280	1	yet	yet	CCONJ
cblr-1717	280	2	the	the	DET
cblr-1717	280	3	imposition	imposition	NOUN
cblr-1717	280	4	of	of	ADP
cblr-1717	280	5	section	section	NOUN
cblr-1717	280	6	162(m	162(m	NUM
cblr-1717	280	7	)	)	PUNCT
cblr-1717	280	8	provides	provide	VERB
cblr-1717	280	9	that	that	SCONJ
cblr-1717	280	10	discounted	discount	VERB
cblr-1717	280	11	stock	stock	NOUN
cblr-1717	280	12	options	option	NOUN
cblr-1717	280	13	will	will	AUX
cblr-1717	280	14	not	not	PART
cblr-1717	280	15	be	be	AUX
cblr-1717	280	16	subject	subject	ADJ
cblr-1717	280	17	to	to	ADP
cblr-1717	280	18	the	the	DET
cblr-1717	280	19	deduction	deduction	NOUN
cblr-1717	280	20	,	,	PUNCT
cblr-1717	280	21	further	far	ADV
cblr-1717	280	22	reducing	reduce	VERB
cblr-1717	280	23	their	their	PRON
cblr-1717	280	24	appeal	appeal	NOUN
cblr-1717	280	25	to	to	ADP
cblr-1717	280	26	company	company	NOUN
cblr-1717	280	27	boards	board	NOUN
cblr-1717	280	28	.	.	PUNCT
cblr-1717	281	1	d.	d.	PROPN
cblr-1717	281	2	dodd	dodd	PROPN
cblr-1717	281	3	-	-	PUNCT
cblr-1717	281	4	frank	frank	PROPN
cblr-1717	281	5	the	the	DET
cblr-1717	281	6	economic	economic	ADJ
cblr-1717	281	7	collapse	collapse	NOUN
cblr-1717	281	8	of	of	ADP
cblr-1717	281	9	2008	2008	NUM
cblr-1717	281	10	focused	focus	VERB
cblr-1717	281	11	the	the	DET
cblr-1717	281	12	spotlight	spotlight	NOUN
cblr-1717	281	13	back	back	ADV
cblr-1717	281	14	on	on	ADP
cblr-1717	281	15	executive	executive	ADJ
cblr-1717	281	16	compensation	compensation	NOUN
cblr-1717	281	17	,	,	PUNCT
cblr-1717	281	18	prompting	prompt	VERB
cblr-1717	281	19	questions	question	NOUN
cblr-1717	281	20	about	about	ADP
cblr-1717	281	21	better	well	ADJ
cblr-1717	281	22	ways	way	NOUN
cblr-1717	281	23	to	to	PART
cblr-1717	281	24	structure	structure	NOUN
cblr-1717	281	25	pay	pay	NOUN
cblr-1717	281	26	in	in	ADP
cblr-1717	281	27	order	order	NOUN
cblr-1717	281	28	to	to	PART
cblr-1717	281	29	balance	balance	VERB
cblr-1717	281	30	firms	firm	NOUN
cblr-1717	281	31	’	'	PUNCT
cblr-1717	281	32	longterm	longterm	VERB
cblr-1717	281	33	interests	interest	NOUN
cblr-1717	281	34	with	with	ADP
cblr-1717	281	35	executives	executive	NOUN
cblr-1717	281	36	’	’	PART
cblr-1717	281	37	demands	demand	NOUN
cblr-1717	281	38	.	.	PUNCT
cblr-1717	282	1	yet	yet	CCONJ
cblr-1717	282	2	the	the	DET
cblr-1717	282	3	government	government	NOUN
cblr-1717	282	4	’s	’s	PART
cblr-1717	282	5	stimulus	stimulus	ADJ
cblr-1717	282	6	package	package	NOUN
cblr-1717	282	7	only	only	ADV
cblr-1717	282	8	heightened	heighten	VERB
cblr-1717	282	9	the	the	DET
cblr-1717	282	10	public	public	ADJ
cblr-1717	282	11	fervor	fervor	NOUN
cblr-1717	282	12	surrounding	surround	VERB
cblr-1717	282	13	executive	executive	ADJ
cblr-1717	282	14	compensation	compensation	NOUN
cblr-1717	282	15	.	.	PUNCT
cblr-1717	283	1	although	although	SCONJ
cblr-1717	283	2	the	the	DET
cblr-1717	283	3	federal	federal	PROPN
cblr-1717	283	4	reserve	reserve	PROPN
cblr-1717	283	5	provided	provide	VERB
cblr-1717	283	6	an	an	DET
cblr-1717	283	7	$	$	SYM
cblr-1717	283	8	85	85	NUM
cblr-1717	283	9	billion	billion	NUM
cblr-1717	283	10	bailout	bailout	NOUN
cblr-1717	283	11	to	to	ADP
cblr-1717	283	12	american	american	PROPN
cblr-1717	283	13	international	international	PROPN
cblr-1717	283	14	group	group	PROPN
cblr-1717	283	15	(	(	PUNCT
cblr-1717	283	16	aig	aig	PROPN
cblr-1717	283	17	)	)	PUNCT
cblr-1717	283	18	,	,	PUNCT
cblr-1717	283	19	the	the	DET
cblr-1717	283	20	firm	firm	NOUN
cblr-1717	283	21	was	be	AUX
cblr-1717	283	22	still	still	ADV
cblr-1717	283	23	permitted	permit	VERB
cblr-1717	283	24	to	to	PART
cblr-1717	283	25	pay	pay	VERB
cblr-1717	283	26	$	$	SYM
cblr-1717	283	27	165	165	NUM
cblr-1717	283	28	million	million	NUM
cblr-1717	283	29	in	in	ADP
cblr-1717	283	30	retention	retention	NOUN
cblr-1717	283	31	bonuses	bonus	NOUN
cblr-1717	283	32	to	to	ADP
cblr-1717	283	33	its	its	PRON
cblr-1717	283	34	executives.64	executives.64	NOUN
cblr-1717	283	35	in	in	ADP
cblr-1717	283	36	2010	2010	NUM
cblr-1717	283	37	,	,	PUNCT
cblr-1717	283	38	congress	congress	PROPN
cblr-1717	283	39	passed	pass	VERB
cblr-1717	283	40	the	the	DET
cblr-1717	283	41	dodd	dodd	PROPN
cblr-1717	283	42	-	-	PUNCT
cblr-1717	283	43	frank	frank	PROPN
cblr-1717	283	44	wall	wall	PROPN
cblr-1717	283	45	street	street	PROPN
cblr-1717	283	46	reform	reform	PROPN
cblr-1717	283	47	and	and	CCONJ
cblr-1717	283	48	consumer	consumer	NOUN
cblr-1717	283	49	protection	protection	NOUN
cblr-1717	283	50	act.65	act.65	PROPN
cblr-1717	283	51	title	title	NOUN
cblr-1717	283	52	ix	ix	VERB
cblr-1717	283	53	contains	contain	VERB
cblr-1717	283	54	seven	seven	NUM
cblr-1717	283	55	sections	section	NOUN
cblr-1717	283	56	designed	design	VERB
cblr-1717	283	57	to	to	PART
cblr-1717	283	58	mandate	mandate	VERB
cblr-1717	283	59	various	various	ADJ
cblr-1717	283	60	changes	change	NOUN
cblr-1717	283	61	in	in	ADP
cblr-1717	283	62	corporate	corporate	ADJ
cblr-1717	283	63	governance	governance	NOUN
cblr-1717	283	64	matters.66	matters.66	VERB
cblr-1717	283	65	the	the	DET
cblr-1717	283	66	goal	goal	NOUN
cblr-1717	283	67	of	of	ADP
cblr-1717	283	68	the	the	DET
cblr-1717	283	69	act	act	NOUN
cblr-1717	283	70	’s	’s	PART
cblr-1717	283	71	passage	passage	NOUN
cblr-1717	283	72	is	be	AUX
cblr-1717	283	73	to	to	PART
cblr-1717	283	74	“	"	PUNCT
cblr-1717	283	75	promote	promote	VERB
cblr-1717	283	76	the	the	DET
cblr-1717	283	77	long	long	ADJ
cblr-1717	283	78	-	-	PUNCT
cblr-1717	283	79	term	term	NOUN
cblr-1717	283	80	sustainability	sustainability	NOUN
cblr-1717	283	81	of	of	ADP
cblr-1717	283	82	the	the	DET
cblr-1717	283	83	u.s	u.s	PROPN
cblr-1717	283	84	.	.	PROPN
cblr-1717	283	85	financial	financial	ADJ
cblr-1717	283	86	system	system	NOUN
cblr-1717	283	87	”	"	PUNCT
cblr-1717	283	88	by	by	ADP
cblr-1717	283	89	“	"	PUNCT
cblr-1717	283	90	protect[ing	protect[e	VERB
cblr-1717	283	91	]	]	PUNCT
cblr-1717	283	92	investors	investor	NOUN
cblr-1717	283	93	,	,	PUNCT
cblr-1717	283	94	enhanc[ing	enhanc[e	VERB
cblr-1717	283	95	]	]	PUNCT
cblr-1717	283	96	market	market	NOUN
cblr-1717	283	97	stability	stability	NOUN
cblr-1717	283	98	,	,	PUNCT
cblr-1717	283	99	and	and	CCONJ
cblr-1717	283	100	promot[ing	promot[e	VERB
cblr-1717	283	101	]	]	PUNCT
cblr-1717	283	102	capital	capital	NOUN
cblr-1717	283	103	formation	formation	NOUN
cblr-1717	283	104	.	.	PUNCT
cblr-1717	284	1	”67	”67	PROPN
cblr-1717	284	2	although	although	SCONJ
cblr-1717	284	3	dodd	dodd	PROPN
cblr-1717	284	4	-	-	PUNCT
cblr-1717	284	5	frank	frank	PROPN
cblr-1717	284	6	took	take	VERB
cblr-1717	284	7	effect	effect	NOUN
cblr-1717	284	8	on	on	ADP
cblr-1717	284	9	july	july	PROPN
cblr-1717	284	10	21	21	NUM
cblr-1717	284	11	,	,	PUNCT
cblr-1717	284	12	2010	2010	NUM
cblr-1717	284	13	,	,	PUNCT
cblr-1717	284	14	the	the	DET
cblr-1717	284	15	sec	sec	PROPN
cblr-1717	284	16	only	only	ADV
cblr-1717	284	17	recently	recently	ADV
cblr-1717	284	18	proposed	propose	VERB
cblr-1717	284	19	a	a	DET
cblr-1717	284	20	rule	rule	NOUN
cblr-1717	284	21	with	with	ADP
cblr-1717	284	22	regard	regard	NOUN
cblr-1717	284	23	to	to	ADP
cblr-1717	284	24	section	section	NOUN
cblr-1717	284	25	64	64	NUM
cblr-1717	284	26	bhagat	bhagat	PROPN
cblr-1717	284	27	&	&	CCONJ
cblr-1717	284	28	romano	romano	PROPN
cblr-1717	284	29	,	,	PUNCT
cblr-1717	284	30	supra	supra	PROPN
cblr-1717	284	31	note	note	PROPN
cblr-1717	284	32	15	15	NUM
cblr-1717	284	33	,	,	PUNCT
cblr-1717	284	34	at	at	ADP
cblr-1717	284	35	360	360	NUM
cblr-1717	284	36	.	.	PUNCT
cblr-1717	285	1	note	note	VERB
cblr-1717	285	2	that	that	SCONJ
cblr-1717	285	3	these	these	PRON
cblr-1717	285	4	were	be	AUX
cblr-1717	285	5	not	not	PART
cblr-1717	285	6	merit	merit	NOUN
cblr-1717	285	7	bonuses	bonus	NOUN
cblr-1717	285	8	,	,	PUNCT
cblr-1717	285	9	based	base	VERB
cblr-1717	285	10	on	on	ADP
cblr-1717	285	11	performance	performance	NOUN
cblr-1717	285	12	,	,	PUNCT
cblr-1717	285	13	but	but	CCONJ
cblr-1717	285	14	retention	retention	NOUN
cblr-1717	285	15	bonuses	bonus	NOUN
cblr-1717	285	16	that	that	PRON
cblr-1717	285	17	enabled	enable	VERB
cblr-1717	285	18	the	the	DET
cblr-1717	285	19	executives	executive	NOUN
cblr-1717	285	20	to	to	PART
cblr-1717	285	21	safely	safely	ADV
cblr-1717	285	22	unwind	unwind	VERB
cblr-1717	285	23	the	the	DET
cblr-1717	285	24	credit	credit	NOUN
cblr-1717	285	25	default	default	NOUN
cblr-1717	285	26	swaps	swap	NOUN
cblr-1717	285	27	in	in	ADP
cblr-1717	285	28	a	a	DET
cblr-1717	285	29	timesensitive	timesensitive	ADJ
cblr-1717	285	30	manner	manner	NOUN
cblr-1717	285	31	.	.	PUNCT
cblr-1717	286	1	65	65	NUM
cblr-1717	286	2	see	see	VERB
cblr-1717	286	3	dodd	dodd	PROPN
cblr-1717	286	4	-	-	PUNCT
cblr-1717	286	5	frank	frank	PROPN
cblr-1717	286	6	wall	wall	PROPN
cblr-1717	286	7	street	street	PROPN
cblr-1717	286	8	reform	reform	PROPN
cblr-1717	286	9	and	and	CCONJ
cblr-1717	286	10	consumer	consumer	NOUN
cblr-1717	286	11	protection	protection	NOUN
cblr-1717	286	12	act	act	NOUN
cblr-1717	286	13	of	of	ADP
cblr-1717	286	14	2010	2010	NUM
cblr-1717	286	15	,	,	PUNCT
cblr-1717	286	16	pub	pub	NOUN
cblr-1717	286	17	.	.	PUNCT
cblr-1717	287	1	l.	l.	PROPN
cblr-1717	287	2	no	no	INTJ
cblr-1717	287	3	.	.	PROPN
cblr-1717	287	4	111	111	NUM
cblr-1717	287	5	-	-	SYM
cblr-1717	287	6	203	203	NUM
cblr-1717	287	7	,	,	PUNCT
cblr-1717	287	8	124	124	NUM
cblr-1717	287	9	stat	stat	NOUN
cblr-1717	287	10	.	.	PUNCT
cblr-1717	288	1	1376	1376	NUM
cblr-1717	288	2	(	(	PUNCT
cblr-1717	288	3	2010	2010	NUM
cblr-1717	288	4	)	)	PUNCT
cblr-1717	288	5	(	(	PUNCT
cblr-1717	288	6	codified	codify	VERB
cblr-1717	288	7	as	as	SCONJ
cblr-1717	288	8	amended	amend	VERB
cblr-1717	288	9	in	in	ADP
cblr-1717	288	10	scattered	scatter	VERB
cblr-1717	288	11	sections	section	NOUN
cblr-1717	288	12	of	of	ADP
cblr-1717	288	13	the	the	DET
cblr-1717	288	14	u.s	u.s	PROPN
cblr-1717	288	15	.	.	PROPN
cblr-1717	288	16	code	code	PROPN
cblr-1717	288	17	)	)	PUNCT
cblr-1717	288	18	.	.	PUNCT
cblr-1717	289	1	66	66	NUM
cblr-1717	290	1	i	i	PRON
cblr-1717	290	2	d.	d.	VERB
cblr-1717	290	3	these	these	DET
cblr-1717	290	4	seven	seven	NUM
cblr-1717	290	5	sections	section	NOUN
cblr-1717	290	6	consist	consist	VERB
cblr-1717	290	7	of	of	ADP
cblr-1717	290	8	§	§	PROPN
cblr-1717	290	9	§	§	PROPN
cblr-1717	290	10	951	951	NUM
cblr-1717	290	11	(	(	PUNCT
cblr-1717	290	12	shareholder	shareholder	NOUN
cblr-1717	290	13	approval	approval	NOUN
cblr-1717	290	14	of	of	ADP
cblr-1717	290	15	executive	executive	ADJ
cblr-1717	290	16	compensation	compensation	NOUN
cblr-1717	290	17	,	,	PUNCT
cblr-1717	290	18	or	or	CCONJ
cblr-1717	290	19	“	"	PUNCT
cblr-1717	290	20	say	say	VERB
cblr-1717	290	21	-	-	PUNCT
cblr-1717	290	22	on	on	ADP
cblr-1717	290	23	-	-	PUNCT
cblr-1717	290	24	pay	pay	NOUN
cblr-1717	290	25	”	"	PUNCT
cblr-1717	290	26	)	)	PUNCT
cblr-1717	290	27	,	,	PUNCT
cblr-1717	290	28	952	952	NUM
cblr-1717	290	29	(	(	PUNCT
cblr-1717	290	30	compensation	compensation	NOUN
cblr-1717	290	31	committee	committee	NOUN
cblr-1717	290	32	independence	independence	NOUN
cblr-1717	290	33	)	)	PUNCT
cblr-1717	290	34	,	,	PUNCT
cblr-1717	290	35	953	953	NUM
cblr-1717	290	36	(	(	PUNCT
cblr-1717	290	37	executive	executive	ADJ
cblr-1717	290	38	compensation	compensation	NOUN
cblr-1717	290	39	disclosures	disclosure	NOUN
cblr-1717	290	40	)	)	PUNCT
cblr-1717	290	41	,	,	PUNCT
cblr-1717	290	42	954	954	NUM
cblr-1717	290	43	(	(	PUNCT
cblr-1717	290	44	compensation	compensation	NOUN
cblr-1717	290	45	clawbacks	clawback	NOUN
cblr-1717	290	46	)	)	PUNCT
cblr-1717	290	47	,	,	PUNCT
cblr-1717	290	48	955	955	NUM
cblr-1717	290	49	(	(	PUNCT
cblr-1717	290	50	employee	employee	NOUN
cblr-1717	290	51	and	and	CCONJ
cblr-1717	290	52	director	director	NOUN
cblr-1717	290	53	hedging	hedging	NOUN
cblr-1717	290	54	disclosure	disclosure	NOUN
cblr-1717	290	55	)	)	PUNCT
cblr-1717	290	56	,	,	PUNCT
cblr-1717	290	57	956	956	NUM
cblr-1717	290	58	(	(	PUNCT
cblr-1717	290	59	compensation	compensation	NOUN
cblr-1717	290	60	structure	structure	NOUN
cblr-1717	290	61	reporting	reporting	NOUN
cblr-1717	290	62	)	)	PUNCT
cblr-1717	290	63	,	,	PUNCT
cblr-1717	290	64	and	and	CCONJ
cblr-1717	290	65	957	957	NUM
cblr-1717	290	66	(	(	PUNCT
cblr-1717	290	67	broker	broker	NOUN
cblr-1717	290	68	voting	voting	NOUN
cblr-1717	290	69	)	)	PUNCT
cblr-1717	290	70	.	.	PUNCT
cblr-1717	291	1	67	67	NUM
cblr-1717	291	2	mary	mary	PROPN
cblr-1717	291	3	jo	jo	PROPN
cblr-1717	291	4	white	white	PROPN
cblr-1717	291	5	,	,	PUNCT
cblr-1717	291	6	statement	statement	NOUN
cblr-1717	291	7	on	on	ADP
cblr-1717	291	8	the	the	DET
cblr-1717	291	9	anniversary	anniversary	NOUN
cblr-1717	291	10	of	of	ADP
cblr-1717	291	11	the	the	DET
cblr-1717	291	12	dodd	dodd	PROPN
cblr-1717	291	13	-	-	PUNCT
cblr-1717	291	14	frank	frank	PROPN
cblr-1717	291	15	act	act	PROPN
cblr-1717	291	16	,	,	PUNCT
cblr-1717	291	17	sec	sec	PROPN
cblr-1717	291	18	(	(	PUNCT
cblr-1717	291	19	july	july	PROPN
cblr-1717	291	20	16	16	NUM
cblr-1717	291	21	,	,	PUNCT
cblr-1717	291	22	2015	2015	NUM
cblr-1717	291	23	)	)	PUNCT
cblr-1717	291	24	,	,	PUNCT
cblr-1717	291	25	https://www.sec.gov/news/statement/statementon-the-anniversary-of-the-dodd-frank-act.html	https://www.sec.gov/news/statement/statementon-the-anniversary-of-the-dodd-frank-act.html	PUNCT
cblr-1717	292	1	[	[	X
cblr-1717	292	2	https://perma.cc/2z3gtwxk	https://perma.cc/2z3gtwxk	X
cblr-1717	292	3	]	]	PUNCT
cblr-1717	292	4	.	.	PUNCT
cblr-1717	293	1	ades	ades	PROPN
cblr-1717	293	2	-	-	PUNCT
cblr-1717	293	3	laurent	laurent	NOUN
cblr-1717	293	4	–	–	PUNCT
cblr-1717	293	5	final	final	ADJ
cblr-1717	293	6	364	364	NUM
cblr-1717	293	7	columbia	columbia	PROPN
cblr-1717	293	8	business	business	NOUN
cblr-1717	293	9	law	law	PROPN
cblr-1717	293	10	review	review	NOUN
cblr-1717	294	1	[	[	X
cblr-1717	294	2	vol	vol	NOUN
cblr-1717	294	3	.	.	NOUN
cblr-1717	294	4	2017	2017	NUM
cblr-1717	294	5	953(a	953(a	NUM
cblr-1717	294	6	)	)	PUNCT
cblr-1717	294	7	(	(	PUNCT
cblr-1717	294	8	“	"	PUNCT
cblr-1717	294	9	disclosure	disclosure	NOUN
cblr-1717	294	10	of	of	ADP
cblr-1717	294	11	pay	pay	NOUN
cblr-1717	294	12	versus	versus	ADP
cblr-1717	294	13	performance	performance	NOUN
cblr-1717	294	14	”	"	PUNCT
cblr-1717	294	15	)	)	PUNCT
cblr-1717	294	16	on	on	ADP
cblr-1717	294	17	april	april	PROPN
cblr-1717	294	18	29	29	NUM
cblr-1717	294	19	,	,	PUNCT
cblr-1717	294	20	2015.68	2015.68	NUM
cblr-1717	294	21	section	section	NOUN
cblr-1717	294	22	953(a	953(a	PROPN
cblr-1717	294	23	)	)	PUNCT
cblr-1717	294	24	adds	add	VERB
cblr-1717	294	25	section	section	NOUN
cblr-1717	294	26	14(i	14(i	NUM
cblr-1717	294	27	)	)	PUNCT
cblr-1717	294	28	to	to	ADP
cblr-1717	294	29	the	the	DET
cblr-1717	294	30	securities	securities	PROPN
cblr-1717	294	31	and	and	CCONJ
cblr-1717	294	32	exchange	exchange	PROPN
cblr-1717	294	33	act	act	NOUN
cblr-1717	294	34	and	and	CCONJ
cblr-1717	294	35	seeks	seek	VERB
cblr-1717	294	36	to	to	PART
cblr-1717	294	37	coordinate	coordinate	VERB
cblr-1717	294	38	“	"	PUNCT
cblr-1717	294	39	the	the	DET
cblr-1717	294	40	relationship	relationship	NOUN
cblr-1717	294	41	between	between	ADP
cblr-1717	294	42	executive	executive	NOUN
cblr-1717	294	43	compensation	compensation	NOUN
cblr-1717	294	44	actually	actually	ADV
cblr-1717	294	45	paid	pay	VERB
cblr-1717	294	46	and	and	CCONJ
cblr-1717	294	47	the	the	DET
cblr-1717	294	48	financial	financial	ADJ
cblr-1717	294	49	performance	performance	NOUN
cblr-1717	294	50	of	of	ADP
cblr-1717	294	51	the	the	DET
cblr-1717	294	52	issuer	issuer	NOUN
cblr-1717	294	53	,	,	PUNCT
cblr-1717	294	54	taking	take	VERB
cblr-1717	294	55	into	into	ADP
cblr-1717	294	56	account	account	NOUN
cblr-1717	294	57	any	any	DET
cblr-1717	294	58	change	change	NOUN
cblr-1717	294	59	in	in	ADP
cblr-1717	294	60	the	the	DET
cblr-1717	294	61	value	value	NOUN
cblr-1717	294	62	of	of	ADP
cblr-1717	294	63	the	the	DET
cblr-1717	294	64	shares	share	NOUN
cblr-1717	294	65	of	of	ADP
cblr-1717	294	66	stock	stock	NOUN
cblr-1717	294	67	and	and	CCONJ
cblr-1717	294	68	dividends	dividend	NOUN
cblr-1717	294	69	of	of	ADP
cblr-1717	294	70	the	the	DET
cblr-1717	294	71	issuer	issuer	NOUN
cblr-1717	294	72	and	and	CCONJ
cblr-1717	294	73	any	any	DET
cblr-1717	294	74	distributions	distribution	NOUN
cblr-1717	294	75	.	.	PUNCT
cblr-1717	295	1	”69	”69	VERB
cblr-1717	295	2	specifically	specifically	ADV
cblr-1717	295	3	,	,	PUNCT
cblr-1717	295	4	it	it	PRON
cblr-1717	295	5	calls	call	VERB
cblr-1717	295	6	for	for	SCONJ
cblr-1717	295	7	the	the	DET
cblr-1717	295	8	sec	sec	PROPN
cblr-1717	295	9	to	to	PART
cblr-1717	295	10	devise	devise	VERB
cblr-1717	295	11	rules	rule	NOUN
cblr-1717	295	12	requiring	require	VERB
cblr-1717	295	13	a	a	DET
cblr-1717	295	14	company	company	NOUN
cblr-1717	295	15	to	to	PART
cblr-1717	295	16	provide	provide	VERB
cblr-1717	295	17	in	in	ADP
cblr-1717	295	18	its	its	PRON
cblr-1717	295	19	annual	annual	ADJ
cblr-1717	295	20	proxy	proxy	ADJ
cblr-1717	295	21	statement	statement	NOUN
cblr-1717	295	22	a	a	DET
cblr-1717	295	23	“	"	PUNCT
cblr-1717	295	24	clear	clear	ADJ
cblr-1717	295	25	description	description	NOUN
cblr-1717	295	26	,	,	PUNCT
cblr-1717	295	27	”	"	PUNCT
cblr-1717	295	28	which	which	PRON
cblr-1717	295	29	may	may	AUX
cblr-1717	295	30	include	include	VERB
cblr-1717	295	31	a	a	DET
cblr-1717	295	32	“	"	PUNCT
cblr-1717	295	33	graphic	graphic	ADJ
cblr-1717	295	34	representation	representation	NOUN
cblr-1717	295	35	,	,	PUNCT
cblr-1717	295	36	”	"	PUNCT
cblr-1717	295	37	to	to	PART
cblr-1717	295	38	show	show	VERB
cblr-1717	295	39	the	the	DET
cblr-1717	295	40	“	"	PUNCT
cblr-1717	295	41	relationship	relationship	NOUN
cblr-1717	295	42	between	between	ADP
cblr-1717	295	43	executive	executive	NOUN
cblr-1717	295	44	compensation	compensation	NOUN
cblr-1717	295	45	actually	actually	ADV
cblr-1717	295	46	paid	pay	VERB
cblr-1717	295	47	and	and	CCONJ
cblr-1717	295	48	the	the	DET
cblr-1717	295	49	financial	financial	ADJ
cblr-1717	295	50	performance	performance	NOUN
cblr-1717	295	51	of	of	ADP
cblr-1717	295	52	the	the	DET
cblr-1717	295	53	issuer	issuer	NOUN
cblr-1717	295	54	.	.	PUNCT
cblr-1717	296	1	”70	”70	PUNCT
cblr-1717	297	1	according	accord	VERB
cblr-1717	297	2	to	to	ADP
cblr-1717	297	3	a	a	DET
cblr-1717	297	4	proposal	proposal	NOUN
cblr-1717	297	5	the	the	DET
cblr-1717	297	6	sec	sec	PROPN
cblr-1717	297	7	released	release	VERB
cblr-1717	297	8	for	for	ADP
cblr-1717	297	9	comment	comment	NOUN
cblr-1717	297	10	in	in	ADP
cblr-1717	297	11	april	april	PROPN
cblr-1717	297	12	2015	2015	NUM
cblr-1717	297	13	,	,	PUNCT
cblr-1717	297	14	companies	company	NOUN
cblr-1717	297	15	will	will	AUX
cblr-1717	297	16	be	be	AUX
cblr-1717	297	17	required	require	VERB
cblr-1717	297	18	to	to	PART
cblr-1717	297	19	disclose	disclose	VERB
cblr-1717	297	20	the	the	DET
cblr-1717	297	21	relationship	relationship	NOUN
cblr-1717	297	22	between	between	ADP
cblr-1717	297	23	executive	executive	ADJ
cblr-1717	297	24	pay	pay	NOUN
cblr-1717	297	25	and	and	CCONJ
cblr-1717	297	26	performance	performance	NOUN
cblr-1717	297	27	,	,	PUNCT
cblr-1717	297	28	starting	start	VERB
cblr-1717	297	29	with	with	ADP
cblr-1717	297	30	2016	2016	NUM
cblr-1717	297	31	annual	annual	ADJ
cblr-1717	297	32	schedule	schedule	NOUN
cblr-1717	297	33	14a	14a	NOUN
cblr-1717	297	34	and	and	CCONJ
cblr-1717	297	35	schedule	schedule	NOUN
cblr-1717	297	36	14c	14c	PROPN
cblr-1717	297	37	proxy	proxy	NOUN
cblr-1717	297	38	and	and	CCONJ
cblr-1717	297	39	solicitation	solicitation	NOUN
cblr-1717	297	40	statements	statement	NOUN
cblr-1717	297	41	issued	issue	VERB
cblr-1717	297	42	prior	prior	ADV
cblr-1717	297	43	to	to	ADP
cblr-1717	297	44	shareholder	shareholder	NOUN
cblr-1717	297	45	meetings.71	meetings.71	NOUN
cblr-1717	297	46	this	this	DET
cblr-1717	297	47	rule	rule	NOUN
cblr-1717	297	48	,	,	PUNCT
cblr-1717	297	49	if	if	SCONJ
cblr-1717	297	50	accepted	accept	VERB
cblr-1717	297	51	,	,	PUNCT
cblr-1717	297	52	will	will	AUX
cblr-1717	297	53	require	require	VERB
cblr-1717	297	54	the	the	DET
cblr-1717	297	55	reporting	reporting	NOUN
cblr-1717	297	56	of	of	ADP
cblr-1717	297	57	bonuses	bonus	NOUN
cblr-1717	297	58	and	and	CCONJ
cblr-1717	297	59	other	other	ADJ
cblr-1717	297	60	compensation	compensation	NOUN
cblr-1717	297	61	actually	actually	ADV
cblr-1717	297	62	paid	pay	VERB
cblr-1717	297	63	out	out	ADP
cblr-1717	297	64	(	(	PUNCT
cblr-1717	297	65	as	as	SCONJ
cblr-1717	297	66	opposed	oppose	VERB
cblr-1717	297	67	to	to	ADP
cblr-1717	297	68	accrued	accrue	VERB
cblr-1717	297	69	or	or	CCONJ
cblr-1717	297	70	vested	vest	VERB
cblr-1717	297	71	)	)	PUNCT
cblr-1717	297	72	for	for	ADP
cblr-1717	297	73	the	the	DET
cblr-1717	297	74	previous	previous	ADJ
cblr-1717	297	75	five	five	NUM
cblr-1717	297	76	fiscal	fiscal	ADJ
cblr-1717	297	77	years	year	NOUN
cblr-1717	297	78	to	to	ADP
cblr-1717	297	79	the	the	DET
cblr-1717	297	80	company	company	NOUN
cblr-1717	297	81	’s	’s	PART
cblr-1717	297	82	ceo;72	ceo;72	NOUN
cblr-1717	297	83	it	it	PRON
cblr-1717	297	84	will	will	AUX
cblr-1717	297	85	be	be	AUX
cblr-1717	297	86	listed	list	VERB
cblr-1717	297	87	in	in	ADP
cblr-1717	297	88	a	a	DET
cblr-1717	297	89	table	table	NOUN
cblr-1717	297	90	alongside	alongside	ADP
cblr-1717	297	91	the	the	DET
cblr-1717	297	92	share	share	NOUN
cblr-1717	297	93	performance	performance	NOUN
cblr-1717	297	94	of	of	ADP
cblr-1717	297	95	the	the	DET
cblr-1717	297	96	company	company	NOUN
cblr-1717	297	97	and	and	CCONJ
cblr-1717	297	98	its	its	PRON
cblr-1717	297	99	peers.73	peers.73	NOUN
cblr-1717	297	100	while	while	SCONJ
cblr-1717	297	101	president	president	PROPN
cblr-1717	297	102	obama	obama	PROPN
cblr-1717	297	103	described	describe	VERB
cblr-1717	297	104	dodd	dodd	PROPN
cblr-1717	297	105	-	-	PUNCT
cblr-1717	297	106	frank	frank	PROPN
cblr-1717	297	107	as	as	SCONJ
cblr-1717	297	108	“	"	PUNCT
cblr-1717	297	109	the	the	DET
cblr-1717	297	110	toughest	tough	ADJ
cblr-1717	297	111	financial	financial	ADJ
cblr-1717	297	112	reform	reform	NOUN
cblr-1717	297	113	since	since	SCONJ
cblr-1717	297	114	the	the	DET
cblr-1717	297	115	ones	one	NOUN
cblr-1717	297	116	we	we	PRON
cblr-1717	297	117	created	create	VERB
cblr-1717	297	118	in	in	ADP
cblr-1717	297	119	the	the	DET
cblr-1717	297	120	aftermath	aftermath	NOUN
cblr-1717	297	121	of	of	ADP
cblr-1717	297	122	the	the	DET
cblr-1717	297	123	great	great	ADJ
cblr-1717	297	124	depression,”74	depression,”74	PROPN
cblr-1717	297	125	section	section	NOUN
cblr-1717	297	126	953	953	NUM
cblr-1717	297	127	was	be	AUX
cblr-1717	297	128	not	not	PART
cblr-1717	297	129	68	68	NUM
cblr-1717	297	130	press	press	NOUN
cblr-1717	297	131	release	release	NOUN
cblr-1717	297	132	,	,	PUNCT
cblr-1717	297	133	sec	sec	PROPN
cblr-1717	297	134	,	,	PUNCT
cblr-1717	297	135	sec	sec	PROPN
cblr-1717	297	136	proposes	propose	VERB
cblr-1717	297	137	rules	rule	NOUN
cblr-1717	297	138	to	to	PART
cblr-1717	297	139	require	require	VERB
cblr-1717	297	140	companies	company	NOUN
cblr-1717	297	141	to	to	PART
cblr-1717	297	142	disclose	disclose	VERB
cblr-1717	297	143	the	the	DET
cblr-1717	297	144	relationship	relationship	NOUN
cblr-1717	297	145	between	between	ADP
cblr-1717	297	146	executive	executive	ADJ
cblr-1717	297	147	pay	pay	NOUN
cblr-1717	297	148	and	and	CCONJ
cblr-1717	297	149	a	a	DET
cblr-1717	297	150	company	company	NOUN
cblr-1717	297	151	’s	’s	PART
cblr-1717	297	152	financial	financial	ADJ
cblr-1717	297	153	performance	performance	NOUN
cblr-1717	297	154	(	(	PUNCT
cblr-1717	297	155	apr	apr	PROPN
cblr-1717	297	156	.	.	PROPN
cblr-1717	297	157	29	29	NUM
cblr-1717	297	158	,	,	PUNCT
cblr-1717	297	159	2015	2015	NUM
cblr-1717	297	160	)	)	PUNCT
cblr-1717	297	161	,	,	PUNCT
cblr-1717	297	162	https://www.sec.gov/news/press	https://www.sec.gov/news/press	PROPN
cblr-1717	297	163	release/2015	release/2015	PROPN
cblr-1717	297	164	-	-	PUNCT
cblr-1717	297	165	78.html	78.html	PROPN
cblr-1717	298	1	[	[	X
cblr-1717	298	2	https://perma.cc/p44t-ghjv	https://perma.cc/p44t-ghjv	X
cblr-1717	298	3	]	]	PUNCT
cblr-1717	298	4	.	.	PUNCT
cblr-1717	299	1	69	69	NUM
cblr-1717	299	2	dodd	dodd	PROPN
cblr-1717	299	3	-	-	PUNCT
cblr-1717	299	4	frank	frank	PROPN
cblr-1717	299	5	act	act	NOUN
cblr-1717	299	6	§	§	PROPN
cblr-1717	299	7	953(a)(i	953(a)(i	NUM
cblr-1717	299	8	)	)	PUNCT
cblr-1717	299	9	.	.	PUNCT
cblr-1717	300	1	70	70	NUM
cblr-1717	301	1	i	i	PRON
cblr-1717	301	2	d.	d.	PROPN
cblr-1717	301	3	71	71	NUM
cblr-1717	301	4	press	press	NOUN
cblr-1717	301	5	release	release	NOUN
cblr-1717	301	6	,	,	PUNCT
cblr-1717	301	7	sec	sec	PROPN
cblr-1717	301	8	,	,	PUNCT
cblr-1717	301	9	supra	supra	PROPN
cblr-1717	301	10	note	note	NOUN
cblr-1717	301	11	68	68	NUM
cblr-1717	301	12	.	.	NUM
cblr-1717	301	13	72	72	NUM
cblr-1717	302	1	i	i	PRON
cblr-1717	302	2	d.	d.	PROPN
cblr-1717	302	3	(	(	PUNCT
cblr-1717	302	4	“	"	PUNCT
cblr-1717	302	5	the	the	DET
cblr-1717	302	6	amount	amount	NOUN
cblr-1717	302	7	disclosed	disclose	VERB
cblr-1717	302	8	for	for	ADP
cblr-1717	302	9	the	the	DET
cblr-1717	302	10	remaining	remain	VERB
cblr-1717	302	11	executive	executive	ADJ
cblr-1717	302	12	officers	officer	NOUN
cblr-1717	302	13	would	would	AUX
cblr-1717	302	14	be	be	AUX
cblr-1717	302	15	the	the	DET
cblr-1717	302	16	average	average	ADJ
cblr-1717	302	17	compensation	compensation	NOUN
cblr-1717	302	18	actually	actually	ADV
cblr-1717	302	19	paid	pay	VERB
cblr-1717	302	20	to	to	ADP
cblr-1717	302	21	those	those	DET
cblr-1717	302	22	executives	executive	NOUN
cblr-1717	302	23	.	.	PUNCT
cblr-1717	302	24	”	"	PUNCT
cblr-1717	302	25	)	)	PUNCT
cblr-1717	302	26	.	.	PUNCT
cblr-1717	303	1	73	73	NUM
cblr-1717	303	2	pay	pay	NOUN
cblr-1717	303	3	versus	versus	ADP
cblr-1717	303	4	performance	performance	NOUN
cblr-1717	303	5	,	,	PUNCT
cblr-1717	303	6	80	80	NUM
cblr-1717	303	7	fed	feed	VERB
cblr-1717	303	8	.	.	PUNCT
cblr-1717	304	1	reg	reg	PROPN
cblr-1717	304	2	.	.	PROPN
cblr-1717	304	3	26,330	26,330	NUM
cblr-1717	304	4	,	,	PUNCT
cblr-1717	304	5	26,332	26,332	NUM
cblr-1717	304	6	(	(	PUNCT
cblr-1717	304	7	proposed	propose	VERB
cblr-1717	304	8	may	may	PROPN
cblr-1717	304	9	7	7	NUM
cblr-1717	304	10	,	,	PUNCT
cblr-1717	304	11	2015	2015	NUM
cblr-1717	304	12	)	)	PUNCT
cblr-1717	304	13	(	(	PUNCT
cblr-1717	304	14	to	to	PART
cblr-1717	304	15	be	be	AUX
cblr-1717	304	16	codified	codify	VERB
cblr-1717	304	17	at	at	ADP
cblr-1717	304	18	17	17	NUM
cblr-1717	304	19	c.f.r	c.f.r	NOUN
cblr-1717	304	20	.	.	PUNCT
cblr-1717	305	1	pts	pts	PROPN
cblr-1717	305	2	.	.	PROPN
cblr-1717	305	3	229	229	NUM
cblr-1717	305	4	,	,	PUNCT
cblr-1717	305	5	240	240	NUM
cblr-1717	305	6	)	)	PUNCT
cblr-1717	305	7	.	.	PUNCT
cblr-1717	306	1	74	74	NUM
cblr-1717	306	2	obama	obama	PROPN
cblr-1717	306	3	’s	’s	PART
cblr-1717	306	4	remarks	remark	NOUN
cblr-1717	306	5	on	on	ADP
cblr-1717	306	6	the	the	DET
cblr-1717	306	7	financial	financial	ADJ
cblr-1717	306	8	deal	deal	NOUN
cblr-1717	306	9	,	,	PUNCT
cblr-1717	306	10	n.y	n.y	PROPN
cblr-1717	306	11	.	.	PROPN
cblr-1717	306	12	times	times	PROPN
cblr-1717	306	13	(	(	PUNCT
cblr-1717	306	14	june	june	PROPN
cblr-1717	306	15	25	25	NUM
cblr-1717	306	16	,	,	PUNCT
cblr-1717	306	17	2010	2010	NUM
cblr-1717	306	18	)	)	PUNCT
cblr-1717	306	19	,	,	PUNCT
cblr-1717	306	20	http://www.nytimes.com/2010/06/26/us/politics/26regulate-text.html	http://www.nytimes.com/2010/06/26/us/politics/26regulate-text.html	PUNCT
cblr-1717	307	1	[	[	X
cblr-1717	307	2	https://perma.cc/xna6-ynu9	https://perma.cc/xna6-ynu9	ADP
cblr-1717	307	3	]	]	PUNCT
cblr-1717	307	4	.	.	PUNCT
cblr-1717	308	1	ades	ades	PROPN
cblr-1717	308	2	-	-	PUNCT
cblr-1717	308	3	laurent	laurent	NOUN
cblr-1717	308	4	–	–	PUNCT
cblr-1717	308	5	final	final	ADJ
cblr-1717	308	6	no	no	NOUN
cblr-1717	308	7	.	.	PUNCT
cblr-1717	309	1	1:347	1:347	NUM
cblr-1717	309	2	]	]	PUNCT
cblr-1717	309	3	disappearing	disappear	VERB
cblr-1717	309	4	stock	stock	NOUN
cblr-1717	309	5	options	option	NOUN
cblr-1717	309	6	365	365	NUM
cblr-1717	309	7	without	without	ADP
cblr-1717	309	8	its	its	PRON
cblr-1717	309	9	detractors	detractor	NOUN
cblr-1717	309	10	.	.	PUNCT
cblr-1717	310	1	the	the	DET
cblr-1717	310	2	center	center	NOUN
cblr-1717	310	3	on	on	ADP
cblr-1717	310	4	executive	executive	NOUN
cblr-1717	310	5	compensation	compensation	NOUN
cblr-1717	310	6	found	find	VERB
cblr-1717	310	7	that	that	SCONJ
cblr-1717	310	8	the	the	DET
cblr-1717	310	9	provision	provision	NOUN
cblr-1717	310	10	is	be	AUX
cblr-1717	310	11	“	"	PUNCT
cblr-1717	310	12	unprecedented	unprecedented	ADJ
cblr-1717	310	13	in	in	ADP
cblr-1717	310	14	[	[	X
cblr-1717	310	15	its	its	PRON
cblr-1717	310	16	]	]	X
cblr-1717	310	17	vagueness	vagueness	NOUN
cblr-1717	310	18	and	and	CCONJ
cblr-1717	310	19	breadth	breadth	NOUN
cblr-1717	310	20	”	"	PUNCT
cblr-1717	310	21	and	and	CCONJ
cblr-1717	310	22	fails	fail	VERB
cblr-1717	310	23	to	to	PART
cblr-1717	310	24	specify	specify	VERB
cblr-1717	310	25	the	the	DET
cblr-1717	310	26	measure	measure	NOUN
cblr-1717	310	27	of	of	ADP
cblr-1717	310	28	comparison	comparison	NOUN
cblr-1717	310	29	for	for	ADP
cblr-1717	310	30	what	what	PRON
cblr-1717	310	31	is	be	AUX
cblr-1717	310	32	“	"	PUNCT
cblr-1717	310	33	actually	actually	ADV
cblr-1717	310	34	paid	pay	VERB
cblr-1717	310	35	.	.	PUNCT
cblr-1717	311	1	”75	”75	PROPN
cblr-1717	311	2	the	the	DET
cblr-1717	311	3	center	center	NOUN
cblr-1717	311	4	argued	argue	VERB
cblr-1717	311	5	that	that	SCONJ
cblr-1717	311	6	this	this	DET
cblr-1717	311	7	provision	provision	NOUN
cblr-1717	311	8	has	have	VERB
cblr-1717	311	9	the	the	DET
cblr-1717	311	10	unintended	unintended	ADJ
cblr-1717	311	11	consequence	consequence	NOUN
cblr-1717	311	12	of	of	ADP
cblr-1717	311	13	encouraging	encourage	VERB
cblr-1717	311	14	short	short	ADJ
cblr-1717	311	15	-	-	PUNCT
cblr-1717	311	16	term	term	NOUN
cblr-1717	311	17	financial	financial	ADJ
cblr-1717	311	18	performance	performance	NOUN
cblr-1717	311	19	,	,	PUNCT
cblr-1717	311	20	rather	rather	ADV
cblr-1717	311	21	than	than	ADP
cblr-1717	311	22	rewarding	rewarding	ADJ
cblr-1717	311	23	strategies	strategy	NOUN
cblr-1717	311	24	that	that	PRON
cblr-1717	311	25	increase	increase	VERB
cblr-1717	311	26	long	long	ADJ
cblr-1717	311	27	-	-	PUNCT
cblr-1717	311	28	term	term	NOUN
cblr-1717	311	29	shareholder	shareholder	NOUN
cblr-1717	311	30	value.76	value.76	PROPN
cblr-1717	311	31	it	it	PRON
cblr-1717	311	32	is	be	AUX
cblr-1717	311	33	too	too	ADV
cblr-1717	311	34	early	early	ADJ
cblr-1717	311	35	to	to	PART
cblr-1717	311	36	analyze	analyze	VERB
cblr-1717	311	37	the	the	DET
cblr-1717	311	38	effects	effect	NOUN
cblr-1717	311	39	of	of	ADP
cblr-1717	311	40	section	section	NOUN
cblr-1717	311	41	953	953	NUM
cblr-1717	311	42	on	on	ADP
cblr-1717	311	43	executive	executive	ADJ
cblr-1717	311	44	compensation	compensation	NOUN
cblr-1717	311	45	suites	suite	NOUN
cblr-1717	311	46	,	,	PUNCT
cblr-1717	311	47	since	since	SCONJ
cblr-1717	311	48	its	its	PRON
cblr-1717	311	49	application	application	NOUN
cblr-1717	311	50	begins	begin	VERB
cblr-1717	311	51	with	with	ADP
cblr-1717	311	52	the	the	DET
cblr-1717	311	53	2016	2016	NUM
cblr-1717	311	54	annual	annual	ADJ
cblr-1717	311	55	schedules.77	schedules.77	ADJ
cblr-1717	311	56	one	one	NUM
cblr-1717	311	57	foreseeable	foreseeable	ADJ
cblr-1717	311	58	problem	problem	NOUN
cblr-1717	311	59	is	be	AUX
cblr-1717	311	60	the	the	DET
cblr-1717	311	61	difficulty	difficulty	NOUN
cblr-1717	311	62	in	in	ADP
cblr-1717	311	63	matching	match	VERB
cblr-1717	311	64	long	long	ADJ
cblr-1717	311	65	-	-	PUNCT
cblr-1717	311	66	term	term	NOUN
cblr-1717	311	67	incentive	incentive	NOUN
cblr-1717	311	68	awards	award	NOUN
cblr-1717	311	69	with	with	ADP
cblr-1717	311	70	appropriate	appropriate	ADJ
cblr-1717	311	71	periods	period	NOUN
cblr-1717	311	72	of	of	ADP
cblr-1717	311	73	financial	financial	ADJ
cblr-1717	311	74	performance	performance	NOUN
cblr-1717	311	75	.	.	PUNCT
cblr-1717	312	1	the	the	DET
cblr-1717	312	2	rule	rule	NOUN
cblr-1717	312	3	states	state	VERB
cblr-1717	312	4	that	that	SCONJ
cblr-1717	312	5	equity	equity	NOUN
cblr-1717	312	6	awards	award	NOUN
cblr-1717	312	7	would	would	AUX
cblr-1717	312	8	be	be	AUX
cblr-1717	312	9	considered	consider	VERB
cblr-1717	312	10	“	"	PUNCT
cblr-1717	312	11	actually	actually	ADV
cblr-1717	312	12	paid	pay	VERB
cblr-1717	312	13	”	"	PUNCT
cblr-1717	312	14	on	on	ADP
cblr-1717	312	15	the	the	DET
cblr-1717	312	16	date	date	NOUN
cblr-1717	312	17	of	of	ADP
cblr-1717	312	18	vesting	vest	VERB
cblr-1717	312	19	—	—	PUNCT
cblr-1717	312	20	even	even	ADV
cblr-1717	312	21	if	if	SCONJ
cblr-1717	312	22	,	,	PUNCT
cblr-1717	312	23	in	in	ADP
cblr-1717	312	24	the	the	DET
cblr-1717	312	25	case	case	NOUN
cblr-1717	312	26	of	of	ADP
cblr-1717	312	27	stock	stock	NOUN
cblr-1717	312	28	options	option	NOUN
cblr-1717	312	29	,	,	PUNCT
cblr-1717	312	30	they	they	PRON
cblr-1717	312	31	have	have	VERB
cblr-1717	312	32	yet	yet	ADV
cblr-1717	312	33	to	to	PART
cblr-1717	312	34	be	be	AUX
cblr-1717	312	35	exercised	exercise	VERB
cblr-1717	312	36	—	—	PUNCT
cblr-1717	312	37	and	and	CCONJ
cblr-1717	312	38	valued	value	VERB
cblr-1717	312	39	at	at	ADP
cblr-1717	312	40	their	their	PRON
cblr-1717	312	41	fair	fair	ADJ
cblr-1717	312	42	value	value	NOUN
cblr-1717	312	43	on	on	ADP
cblr-1717	312	44	the	the	DET
cblr-1717	312	45	vesting	vesting	NOUN
cblr-1717	312	46	date	date	NOUN
cblr-1717	312	47	,	,	PUNCT
cblr-1717	312	48	computed	compute	VERB
cblr-1717	312	49	under	under	ADP
cblr-1717	312	50	fasb	fasb	PROPN
cblr-1717	312	51	123(r).78	123(r).78	PROPN
cblr-1717	312	52	yet	yet	CCONJ
cblr-1717	312	53	section	section	PROPN
cblr-1717	312	54	953(a	953(a	NUM
cblr-1717	312	55	)	)	PUNCT
cblr-1717	312	56	,	,	PUNCT
cblr-1717	312	57	by	by	ADP
cblr-1717	312	58	requiring	require	VERB
cblr-1717	312	59	the	the	DET
cblr-1717	312	60	vesting	vesting	NOUN
cblr-1717	312	61	date	date	NOUN
cblr-1717	312	62	value	value	NOUN
cblr-1717	312	63	of	of	ADP
cblr-1717	312	64	a	a	DET
cblr-1717	312	65	stock	stock	NOUN
cblr-1717	312	66	option	option	NOUN
cblr-1717	312	67	to	to	PART
cblr-1717	312	68	be	be	AUX
cblr-1717	312	69	reported	report	VERB
cblr-1717	312	70	at	at	ADP
cblr-1717	312	71	fair	fair	ADJ
cblr-1717	312	72	value,79	value,79	PROPN
cblr-1717	312	73	will	will	AUX
cblr-1717	312	74	result	result	VERB
cblr-1717	312	75	in	in	ADP
cblr-1717	312	76	more	more	ADJ
cblr-1717	312	77	compensation	compensation	NOUN
cblr-1717	312	78	actually	actually	ADV
cblr-1717	312	79	paid	pay	VERB
cblr-1717	312	80	.	.	PUNCT
cblr-1717	313	1	this	this	PRON
cblr-1717	313	2	is	be	AUX
cblr-1717	313	3	because	because	SCONJ
cblr-1717	313	4	an	an	DET
cblr-1717	313	5	option	option	NOUN
cblr-1717	313	6	’s	’s	PART
cblr-1717	313	7	fair	fair	ADJ
cblr-1717	313	8	value	value	NOUN
cblr-1717	313	9	almost	almost	ADV
cblr-1717	313	10	always	always	ADV
cblr-1717	313	11	exceeds	exceed	VERB
cblr-1717	313	12	its	its	PRON
cblr-1717	313	13	intrinsic	intrinsic	ADJ
cblr-1717	313	14	value	value	NOUN
cblr-1717	313	15	and	and	CCONJ
cblr-1717	313	16	an	an	DET
cblr-1717	313	17	“	"	PUNCT
cblr-1717	313	18	outof	outof	PROPN
cblr-1717	313	19	-	-	PUNCT
cblr-1717	313	20	the	the	DET
cblr-1717	313	21	-	-	PUNCT
cblr-1717	313	22	money	money	NOUN
cblr-1717	313	23	”	"	PUNCT
cblr-1717	313	24	option	option	NOUN
cblr-1717	313	25	has	have	VERB
cblr-1717	313	26	some	some	DET
cblr-1717	313	27	fair	fair	ADJ
cblr-1717	313	28	value	value	NOUN
cblr-1717	313	29	(	(	PUNCT
cblr-1717	313	30	but	but	CCONJ
cblr-1717	313	31	no	no	DET
cblr-1717	313	32	intrinsic	intrinsic	ADJ
cblr-1717	313	33	75	75	NUM
cblr-1717	313	34	letter	letter	NOUN
cblr-1717	313	35	from	from	ADP
cblr-1717	313	36	timothy	timothy	PROPN
cblr-1717	313	37	j.	j.	PROPN
cblr-1717	313	38	bartl	bartl	PROPN
cblr-1717	313	39	,	,	PUNCT
cblr-1717	313	40	senior	senior	ADJ
cblr-1717	313	41	vice	vice	NOUN
cblr-1717	313	42	president	president	NOUN
cblr-1717	313	43	and	and	CCONJ
cblr-1717	313	44	general	general	ADJ
cblr-1717	313	45	counsel	counsel	NOUN
cblr-1717	313	46	,	,	PUNCT
cblr-1717	313	47	center	center	NOUN
cblr-1717	313	48	on	on	ADP
cblr-1717	313	49	executive	executive	ADJ
cblr-1717	313	50	compensation	compensation	NOUN
cblr-1717	313	51	,	,	PUNCT
cblr-1717	313	52	to	to	ADP
cblr-1717	313	53	elizabeth	elizabeth	PROPN
cblr-1717	313	54	m.	m.	PROPN
cblr-1717	313	55	murphy	murphy	PROPN
cblr-1717	313	56	,	,	PUNCT
cblr-1717	313	57	secretary	secretary	NOUN
cblr-1717	313	58	,	,	PUNCT
cblr-1717	313	59	sec	sec	PROPN
cblr-1717	313	60	(	(	PUNCT
cblr-1717	313	61	sept	sept	PROPN
cblr-1717	313	62	.	.	PROPN
cblr-1717	313	63	1	1	NUM
cblr-1717	313	64	,	,	PUNCT
cblr-1717	313	65	2010	2010	NUM
cblr-1717	313	66	)	)	PUNCT
cblr-1717	313	67	at	at	ADP
cblr-1717	313	68	1	1	NUM
cblr-1717	313	69	-	-	SYM
cblr-1717	313	70	2	2	NUM
cblr-1717	313	71	,	,	PUNCT
cblr-1717	313	72	http://www.execcomp.org/docs/c1041%20coec%20comments%20on%20exec%20comp%20in%20title%20i	http://www.execcomp.org/docs/c1041%20coec%20comments%20on%20exec%20comp%20in%20title%20i	ADJ
cblr-1717	313	73	x%20dodd	x%20dodd	PROPN
cblr-1717	313	74	-	-	PUNCT
cblr-1717	313	75	frank.pdf	frank.pdf	X
cblr-1717	313	76	[	[	X
cblr-1717	313	77	https://perma.cc/7rms-kgyq	https://perma.cc/7rms-kgyq	X
cblr-1717	313	78	]	]	X
cblr-1717	313	79	(	(	PUNCT
cblr-1717	313	80	comments	comment	NOUN
cblr-1717	313	81	on	on	ADP
cblr-1717	313	82	executive	executive	ADJ
cblr-1717	313	83	compensation	compensation	NOUN
cblr-1717	313	84	and	and	CCONJ
cblr-1717	313	85	governance	governance	NOUN
cblr-1717	313	86	provisions	provision	NOUN
cblr-1717	313	87	in	in	ADP
cblr-1717	313	88	title	title	NOUN
cblr-1717	313	89	ix	ix	ADV
cblr-1717	313	90	,	,	PUNCT
cblr-1717	313	91	subtitle	subtitle	NOUN
cblr-1717	313	92	e	e	PROPN
cblr-1717	313	93	of	of	ADP
cblr-1717	313	94	the	the	DET
cblr-1717	313	95	dodd	dodd	PROPN
cblr-1717	313	96	-	-	PUNCT
cblr-1717	313	97	frank	frank	PROPN
cblr-1717	313	98	wall	wall	PROPN
cblr-1717	313	99	street	street	PROPN
cblr-1717	313	100	reform	reform	PROPN
cblr-1717	313	101	and	and	CCONJ
cblr-1717	313	102	consumer	consumer	NOUN
cblr-1717	313	103	protection	protection	PROPN
cblr-1717	313	104	act	act	PROPN
cblr-1717	313	105	)	)	PUNCT
cblr-1717	313	106	.	.	PUNCT
cblr-1717	314	1	this	this	PRON
cblr-1717	314	2	refers	refer	VERB
cblr-1717	314	3	to	to	ADP
cblr-1717	314	4	the	the	DET
cblr-1717	314	5	senate	senate	PROPN
cblr-1717	314	6	-	-	PUNCT
cblr-1717	314	7	passed	pass	VERB
cblr-1717	314	8	version	version	NOUN
cblr-1717	314	9	of	of	ADP
cblr-1717	314	10	the	the	DET
cblr-1717	314	11	bill	bill	NOUN
cblr-1717	314	12	,	,	PUNCT
cblr-1717	314	13	which	which	PRON
cblr-1717	314	14	is	be	AUX
cblr-1717	314	15	identical	identical	ADJ
cblr-1717	314	16	to	to	ADP
cblr-1717	314	17	the	the	DET
cblr-1717	314	18	final	final	ADJ
cblr-1717	314	19	provision	provision	NOUN
cblr-1717	314	20	in	in	ADP
cblr-1717	314	21	dodd	dodd	PROPN
cblr-1717	314	22	-	-	PUNCT
cblr-1717	314	23	frank	frank	PROPN
cblr-1717	314	24	.	.	PUNCT
cblr-1717	315	1	76	76	NUM
cblr-1717	316	1	i	i	PRON
cblr-1717	316	2	d.	d.	NOUN
cblr-1717	316	3	at	at	ADP
cblr-1717	316	4	2	2	NUM
cblr-1717	316	5	.	.	PUNCT
cblr-1717	316	6	see	see	VERB
cblr-1717	316	7	also	also	ADV
cblr-1717	316	8	jeffrey	jeffrey	PROPN
cblr-1717	316	9	n.	n.	PROPN
cblr-1717	316	10	gordon	gordon	PROPN
cblr-1717	316	11	,	,	PUNCT
cblr-1717	316	12	“	"	PUNCT
cblr-1717	316	13	say	say	VERB
cblr-1717	316	14	on	on	ADP
cblr-1717	316	15	pay	pay	NOUN
cblr-1717	316	16	”	"	PUNCT
cblr-1717	316	17	:	:	PUNCT
cblr-1717	316	18	cautionary	cautionary	ADJ
cblr-1717	316	19	notes	note	NOUN
cblr-1717	316	20	on	on	ADP
cblr-1717	316	21	the	the	DET
cblr-1717	316	22	u.k	u.k	PROPN
cblr-1717	316	23	.	.	PROPN
cblr-1717	316	24	experience	experience	NOUN
cblr-1717	316	25	and	and	CCONJ
cblr-1717	316	26	the	the	DET
cblr-1717	316	27	case	case	NOUN
cblr-1717	316	28	for	for	ADP
cblr-1717	316	29	shareholder	shareholder	NOUN
cblr-1717	316	30	opt	opt	NOUN
cblr-1717	316	31	-	-	PUNCT
cblr-1717	316	32	in	in	ADP
cblr-1717	316	33	,	,	PUNCT
cblr-1717	316	34	46	46	NUM
cblr-1717	316	35	harv	harv	NOUN
cblr-1717	316	36	.	.	PUNCT
cblr-1717	317	1	j.	j.	PROPN
cblr-1717	317	2	on	on	ADP
cblr-1717	317	3	legis	legis	PROPN
cblr-1717	317	4	.	.	PUNCT
cblr-1717	318	1	323	323	NUM
cblr-1717	318	2	(	(	PUNCT
cblr-1717	318	3	2009	2009	NUM
cblr-1717	318	4	)	)	PUNCT
cblr-1717	318	5	(	(	PUNCT
cblr-1717	318	6	providing	provide	VERB
cblr-1717	318	7	an	an	DET
cblr-1717	318	8	in	in	ADP
cblr-1717	318	9	-	-	PUNCT
cblr-1717	318	10	depth	depth	NOUN
cblr-1717	318	11	analysis	analysis	NOUN
cblr-1717	318	12	of	of	ADP
cblr-1717	318	13	the	the	DET
cblr-1717	318	14	problems	problem	NOUN
cblr-1717	318	15	associated	associate	VERB
cblr-1717	318	16	with	with	ADP
cblr-1717	318	17	a	a	DET
cblr-1717	318	18	mandatory	mandatory	ADJ
cblr-1717	318	19	say	say	VERB
cblr-1717	318	20	-	-	PUNCT
cblr-1717	318	21	on	on	ADP
cblr-1717	318	22	-	-	PUNCT
cblr-1717	318	23	pay	pay	NOUN
cblr-1717	318	24	regime	regime	NOUN
cblr-1717	318	25	in	in	ADP
cblr-1717	318	26	the	the	DET
cblr-1717	318	27	united	united	ADJ
cblr-1717	318	28	kingdom	kingdom	PROPN
cblr-1717	318	29	)	)	PUNCT
cblr-1717	318	30	.	.	PUNCT
cblr-1717	319	1	77	77	NUM
cblr-1717	319	2	press	press	NOUN
cblr-1717	319	3	release	release	NOUN
cblr-1717	319	4	,	,	PUNCT
cblr-1717	319	5	sec	sec	PROPN
cblr-1717	319	6	,	,	PUNCT
cblr-1717	319	7	supra	supra	PROPN
cblr-1717	319	8	note	note	NOUN
cblr-1717	319	9	68	68	NUM
cblr-1717	319	10	.	.	PUNCT
cblr-1717	319	11	78	78	NUM
cblr-1717	319	12	pay	pay	NOUN
cblr-1717	319	13	versus	versus	ADP
cblr-1717	319	14	performance	performance	NOUN
cblr-1717	319	15	,	,	PUNCT
cblr-1717	319	16	80	80	NUM
cblr-1717	319	17	fed	feed	VERB
cblr-1717	319	18	.	.	PUNCT
cblr-1717	320	1	reg	reg	PROPN
cblr-1717	320	2	.	.	PUNCT
cblr-1717	321	1	at	at	ADP
cblr-1717	321	2	26,339	26,339	NUM
cblr-1717	321	3	.	.	PUNCT
cblr-1717	322	1	79	79	NUM
cblr-1717	322	2	this	this	PRON
cblr-1717	322	3	is	be	AUX
cblr-1717	322	4	in	in	ADP
cblr-1717	322	5	contrast	contrast	NOUN
cblr-1717	322	6	to	to	ADP
cblr-1717	322	7	intrinsic	intrinsic	ADJ
cblr-1717	322	8	value	value	NOUN
cblr-1717	322	9	,	,	PUNCT
cblr-1717	322	10	which	which	PRON
cblr-1717	322	11	is	be	AUX
cblr-1717	322	12	the	the	DET
cblr-1717	322	13	excess	excess	ADJ
cblr-1717	322	14	,	,	PUNCT
cblr-1717	322	15	if	if	SCONJ
cblr-1717	322	16	any	any	PRON
cblr-1717	322	17	,	,	PUNCT
cblr-1717	322	18	of	of	ADP
cblr-1717	322	19	the	the	DET
cblr-1717	322	20	aggregate	aggregate	ADJ
cblr-1717	322	21	value	value	NOUN
cblr-1717	322	22	of	of	ADP
cblr-1717	322	23	the	the	DET
cblr-1717	322	24	shares	share	NOUN
cblr-1717	322	25	underlying	underlie	VERB
cblr-1717	322	26	the	the	DET
cblr-1717	322	27	option	option	NOUN
cblr-1717	322	28	minus	minus	ADP
cblr-1717	322	29	the	the	DET
cblr-1717	322	30	aggregate	aggregate	ADJ
cblr-1717	322	31	exercise	exercise	NOUN
cblr-1717	322	32	price	price	NOUN
cblr-1717	322	33	of	of	ADP
cblr-1717	322	34	the	the	DET
cblr-1717	322	35	option	option	NOUN
cblr-1717	322	36	.	.	PUNCT
cblr-1717	323	1	ades	ade	NOUN
cblr-1717	323	2	-	-	PUNCT
cblr-1717	323	3	laurent	laurent	NOUN
cblr-1717	323	4	–	–	PUNCT
cblr-1717	323	5	final	final	ADJ
cblr-1717	323	6	366	366	NUM
cblr-1717	323	7	columbia	columbia	PROPN
cblr-1717	323	8	business	business	NOUN
cblr-1717	323	9	law	law	PROPN
cblr-1717	323	10	review	review	NOUN
cblr-1717	324	1	[	[	X
cblr-1717	324	2	vol	vol	NOUN
cblr-1717	324	3	.	.	NOUN
cblr-1717	324	4	2017	2017	NUM
cblr-1717	324	5	value	value	NOUN
cblr-1717	324	6	)	)	PUNCT
cblr-1717	324	7	.	.	PUNCT
cblr-1717	325	1	thus	thus	ADV
cblr-1717	325	2	,	,	PUNCT
cblr-1717	325	3	dodd	dodd	PROPN
cblr-1717	325	4	-	-	PUNCT
cblr-1717	325	5	frank	frank	PROPN
cblr-1717	325	6	has	have	VERB
cblr-1717	325	7	the	the	DET
cblr-1717	325	8	effect	effect	NOUN
cblr-1717	325	9	of	of	ADP
cblr-1717	325	10	reducing	reduce	VERB
cblr-1717	325	11	optionbased	optionbase	VERB
cblr-1717	325	12	compensation	compensation	NOUN
cblr-1717	325	13	.	.	PUNCT
cblr-1717	326	1	iii	iii	X
cblr-1717	326	2	.	.	PROPN
cblr-1717	326	3	evidence	evidence	NOUN
cblr-1717	326	4	on	on	ADP
cblr-1717	326	5	the	the	DET
cblr-1717	326	6	distribution	distribution	NOUN
cblr-1717	326	7	of	of	ADP
cblr-1717	326	8	stock	stock	NOUN
cblr-1717	326	9	and	and	CCONJ
cblr-1717	326	10	options	option	NOUN
cblr-1717	326	11	grants	grant	NOUN
cblr-1717	326	12	in	in	ADP
cblr-1717	326	13	executive	executive	ADJ
cblr-1717	326	14	compensation	compensation	NOUN
cblr-1717	326	15	packages	package	NOUN
cblr-1717	326	16	the	the	DET
cblr-1717	326	17	stark	stark	ADJ
cblr-1717	326	18	rise	rise	NOUN
cblr-1717	326	19	in	in	ADP
cblr-1717	326	20	the	the	DET
cblr-1717	326	21	use	use	NOUN
cblr-1717	326	22	of	of	ADP
cblr-1717	326	23	stock	stock	NOUN
cblr-1717	326	24	option	option	NOUN
cblr-1717	326	25	grants	grant	NOUN
cblr-1717	326	26	and	and	CCONJ
cblr-1717	326	27	corresponding	corresponding	ADJ
cblr-1717	326	28	increase	increase	NOUN
cblr-1717	326	29	in	in	ADP
cblr-1717	326	30	corporate	corporate	ADJ
cblr-1717	326	31	scandals	scandal	NOUN
cblr-1717	326	32	attracted	attract	VERB
cblr-1717	326	33	attention	attention	NOUN
cblr-1717	326	34	from	from	ADP
cblr-1717	326	35	federal	federal	ADJ
cblr-1717	326	36	agencies	agency	NOUN
cblr-1717	326	37	to	to	PART
cblr-1717	326	38	curb	curb	VERB
cblr-1717	326	39	perceived	perceive	VERB
cblr-1717	326	40	abuses	abuse	NOUN
cblr-1717	326	41	—	—	PUNCT
cblr-1717	326	42	largely	largely	ADV
cblr-1717	326	43	at	at	ADP
cblr-1717	326	44	the	the	DET
cblr-1717	326	45	expense	expense	NOUN
cblr-1717	326	46	of	of	ADP
cblr-1717	326	47	option	option	NOUN
cblr-1717	326	48	compensation	compensation	NOUN
cblr-1717	326	49	.	.	PUNCT
cblr-1717	327	1	indeed	indeed	ADV
cblr-1717	327	2	,	,	PUNCT
cblr-1717	327	3	the	the	DET
cblr-1717	327	4	evidence	evidence	NOUN
cblr-1717	327	5	in	in	ADP
cblr-1717	327	6	this	this	DET
cblr-1717	327	7	section	section	NOUN
cblr-1717	327	8	suggests	suggest	VERB
cblr-1717	327	9	that	that	SCONJ
cblr-1717	327	10	since	since	SCONJ
cblr-1717	327	11	2009	2009	NUM
cblr-1717	327	12	,	,	PUNCT
cblr-1717	327	13	there	there	PRON
cblr-1717	327	14	has	have	AUX
cblr-1717	327	15	been	be	AUX
cblr-1717	327	16	an	an	DET
cblr-1717	327	17	aggregate	aggregate	ADJ
cblr-1717	327	18	increase	increase	NOUN
cblr-1717	327	19	in	in	ADP
cblr-1717	327	20	stock	stock	NOUN
cblr-1717	327	21	compensation	compensation	NOUN
cblr-1717	327	22	and	and	CCONJ
cblr-1717	327	23	decline	decline	VERB
cblr-1717	327	24	in	in	ADP
cblr-1717	327	25	option	option	NOUN
cblr-1717	327	26	compensation	compensation	NOUN
cblr-1717	327	27	.	.	PUNCT
cblr-1717	328	1	this	this	DET
cblr-1717	328	2	section	section	NOUN
cblr-1717	328	3	describes	describe	VERB
cblr-1717	328	4	the	the	DET
cblr-1717	328	5	design	design	NOUN
cblr-1717	328	6	of	of	ADP
cblr-1717	328	7	current	current	ADJ
cblr-1717	328	8	senior	senior	ADJ
cblr-1717	328	9	executive	executive	ADJ
cblr-1717	328	10	equity	equity	NOUN
cblr-1717	328	11	pay	pay	NOUN
cblr-1717	328	12	packages	package	NOUN
cblr-1717	328	13	at	at	ADP
cblr-1717	328	14	over	over	ADP
cblr-1717	328	15	3,300	3,300	NUM
cblr-1717	328	16	publicly	publicly	ADV
cblr-1717	328	17	traded	trade	VERB
cblr-1717	328	18	companies	company	NOUN
cblr-1717	328	19	in	in	ADP
cblr-1717	328	20	the	the	DET
cblr-1717	328	21	united	united	PROPN
cblr-1717	328	22	states	states	PROPN
cblr-1717	328	23	and	and	CCONJ
cblr-1717	328	24	the	the	DET
cblr-1717	328	25	evolution	evolution	NOUN
cblr-1717	328	26	of	of	ADP
cblr-1717	328	27	equity	equity	NOUN
cblr-1717	328	28	pay	pay	NOUN
cblr-1717	328	29	from	from	ADP
cblr-1717	328	30	2006	2006	NUM
cblr-1717	328	31	to	to	ADP
cblr-1717	328	32	2014	2014	NUM
cblr-1717	328	33	.	.	PUNCT
cblr-1717	329	1	specifically	specifically	ADV
cblr-1717	329	2	,	,	PUNCT
cblr-1717	329	3	this	this	DET
cblr-1717	329	4	section	section	NOUN
cblr-1717	329	5	investigates	investigate	VERB
cblr-1717	329	6	(	(	PUNCT
cblr-1717	329	7	1	1	X
cblr-1717	329	8	)	)	PUNCT
cblr-1717	329	9	the	the	DET
cblr-1717	329	10	evolution	evolution	NOUN
cblr-1717	329	11	of	of	ADP
cblr-1717	329	12	the	the	DET
cblr-1717	329	13	composition	composition	NOUN
cblr-1717	329	14	of	of	ADP
cblr-1717	329	15	senior	senior	ADJ
cblr-1717	329	16	executive	executive	ADJ
cblr-1717	329	17	equity	equity	NOUN
cblr-1717	329	18	compensation	compensation	NOUN
cblr-1717	329	19	;	;	PUNCT
cblr-1717	329	20	(	(	PUNCT
cblr-1717	329	21	2	2	X
cblr-1717	329	22	)	)	PUNCT
cblr-1717	329	23	the	the	DET
cblr-1717	329	24	variations	variation	NOUN
cblr-1717	329	25	in	in	ADP
cblr-1717	329	26	equity	equity	NOUN
cblr-1717	329	27	pay	pay	NOUN
cblr-1717	329	28	arrangements	arrangement	NOUN
cblr-1717	329	29	by	by	ADP
cblr-1717	329	30	ceo	ceo	NOUN
cblr-1717	329	31	age	age	NOUN
cblr-1717	329	32	;	;	PUNCT
cblr-1717	329	33	and	and	CCONJ
cblr-1717	329	34	(	(	PUNCT
cblr-1717	329	35	3	3	X
cblr-1717	329	36	)	)	PUNCT
cblr-1717	329	37	the	the	DET
cblr-1717	329	38	variations	variation	NOUN
cblr-1717	329	39	in	in	ADP
cblr-1717	329	40	equity	equity	NOUN
cblr-1717	329	41	pay	pay	NOUN
cblr-1717	329	42	arrangements	arrangement	NOUN
cblr-1717	329	43	by	by	ADP
cblr-1717	329	44	firm	firm	ADJ
cblr-1717	329	45	size	size	NOUN
cblr-1717	329	46	.	.	PUNCT
cblr-1717	330	1	in	in	ADP
cblr-1717	330	2	line	line	NOUN
cblr-1717	330	3	with	with	ADP
cblr-1717	330	4	sec	sec	PROPN
cblr-1717	330	5	disclosure	disclosure	NOUN
cblr-1717	330	6	requirements	requirement	NOUN
cblr-1717	330	7	,	,	PUNCT
cblr-1717	330	8	companies	company	NOUN
cblr-1717	330	9	must	must	AUX
cblr-1717	330	10	divulge	divulge	VERB
cblr-1717	330	11	compensation	compensation	NOUN
cblr-1717	330	12	details	detail	NOUN
cblr-1717	330	13	for	for	ADP
cblr-1717	330	14	the	the	DET
cblr-1717	330	15	five	five	NUM
cblr-1717	330	16	most	most	ADV
cblr-1717	330	17	senior	senior	ADJ
cblr-1717	330	18	executive	executive	ADJ
cblr-1717	330	19	officers	officer	NOUN
cblr-1717	330	20	in	in	ADP
cblr-1717	330	21	their	their	PRON
cblr-1717	330	22	proxy	proxy	NOUN
cblr-1717	330	23	statements.80	statements.80	NOUN
cblr-1717	330	24	by	by	ADP
cblr-1717	330	25	drawing	draw	VERB
cblr-1717	330	26	on	on	ADP
cblr-1717	330	27	these	these	DET
cblr-1717	330	28	filings	filing	NOUN
cblr-1717	330	29	,	,	PUNCT
cblr-1717	330	30	this	this	DET
cblr-1717	330	31	note	note	NOUN
cblr-1717	330	32	provides	provide	VERB
cblr-1717	330	33	the	the	DET
cblr-1717	330	34	first	first	ADJ
cblr-1717	330	35	systematic	systematic	ADJ
cblr-1717	330	36	study	study	NOUN
cblr-1717	330	37	of	of	ADP
cblr-1717	330	38	the	the	DET
cblr-1717	330	39	evolution	evolution	NOUN
cblr-1717	330	40	of	of	ADP
cblr-1717	330	41	equity	equity	NOUN
cblr-1717	330	42	pay	pay	NOUN
cblr-1717	330	43	arrangements	arrangement	NOUN
cblr-1717	330	44	across	across	ADP
cblr-1717	330	45	a	a	DET
cblr-1717	330	46	broad	broad	ADJ
cblr-1717	330	47	spectrum	spectrum	NOUN
cblr-1717	330	48	of	of	ADP
cblr-1717	330	49	companies	company	NOUN
cblr-1717	330	50	in	in	ADP
cblr-1717	330	51	the	the	DET
cblr-1717	330	52	years	year	NOUN
cblr-1717	330	53	after	after	ADP
cblr-1717	330	54	2006	2006	NUM
cblr-1717	330	55	.	.	PUNCT
cblr-1717	331	1	the	the	DET
cblr-1717	331	2	underlying	underlying	ADJ
cblr-1717	331	3	hypothesis	hypothesis	NOUN
cblr-1717	331	4	is	be	AUX
cblr-1717	331	5	that	that	SCONJ
cblr-1717	331	6	following	follow	VERB
cblr-1717	331	7	the	the	DET
cblr-1717	331	8	onslaught	onslaught	NOUN
cblr-1717	331	9	of	of	ADP
cblr-1717	331	10	congressional	congressional	ADJ
cblr-1717	331	11	actions	action	NOUN
cblr-1717	331	12	in	in	ADP
cblr-1717	331	13	the	the	DET
cblr-1717	331	14	early	early	ADJ
cblr-1717	331	15	2000s	2000s	NUM
cblr-1717	331	16	that	that	PRON
cblr-1717	331	17	caused	cause	VERB
cblr-1717	331	18	options	option	NOUN
cblr-1717	331	19	to	to	PART
cblr-1717	331	20	be	be	AUX
cblr-1717	331	21	comparatively	comparatively	ADV
cblr-1717	331	22	expensive	expensive	ADJ
cblr-1717	331	23	,	,	PUNCT
cblr-1717	331	24	companies	company	NOUN
cblr-1717	331	25	responded	respond	VERB
cblr-1717	331	26	by	by	ADP
cblr-1717	331	27	increasing	increase	VERB
cblr-1717	331	28	the	the	DET
cblr-1717	331	29	weight	weight	NOUN
cblr-1717	331	30	of	of	ADP
cblr-1717	331	31	stock	stock	NOUN
cblr-1717	331	32	grants	grant	NOUN
cblr-1717	331	33	in	in	ADP
cblr-1717	331	34	pay	pay	NOUN
cblr-1717	331	35	packages	package	NOUN
cblr-1717	331	36	.	.	PUNCT
cblr-1717	332	1	80	80	NUM
cblr-1717	332	2	executive	executive	NOUN
cblr-1717	332	3	compensation	compensation	NOUN
cblr-1717	332	4	and	and	CCONJ
cblr-1717	332	5	related	related	ADJ
cblr-1717	332	6	person	person	NOUN
cblr-1717	332	7	disclosure	disclosure	NOUN
cblr-1717	332	8	,	,	PUNCT
cblr-1717	332	9	71	71	NUM
cblr-1717	332	10	fed	fed	PROPN
cblr-1717	332	11	.	.	PUNCT
cblr-1717	333	1	reg	reg	PROPN
cblr-1717	333	2	.	.	PROPN
cblr-1717	333	3	53,158	53,158	NUM
cblr-1717	333	4	,	,	PUNCT
cblr-1717	333	5	53,241	53,241	NUM
cblr-1717	333	6	(	(	PUNCT
cblr-1717	333	7	sept	sept	PROPN
cblr-1717	333	8	.	.	PROPN
cblr-1717	333	9	8	8	NUM
cblr-1717	333	10	,	,	PUNCT
cblr-1717	333	11	2006	2006	NUM
cblr-1717	333	12	)	)	PUNCT
cblr-1717	333	13	(	(	PUNCT
cblr-1717	333	14	to	to	PART
cblr-1717	333	15	be	be	AUX
cblr-1717	333	16	codified	codify	VERB
cblr-1717	333	17	at	at	ADP
cblr-1717	333	18	17	17	NUM
cblr-1717	333	19	c.f.r	c.f.r	NOUN
cblr-1717	333	20	.	.	PUNCT
cblr-1717	334	1	pts	pts	PROPN
cblr-1717	334	2	.	.	PROPN
cblr-1717	334	3	228	228	NUM
cblr-1717	334	4	,	,	PUNCT
cblr-1717	334	5	229	229	NUM
cblr-1717	334	6	,	,	PUNCT
cblr-1717	334	7	232	232	NUM
cblr-1717	334	8	,	,	PUNCT
cblr-1717	334	9	239	239	NUM
cblr-1717	334	10	,	,	PUNCT
cblr-1717	334	11	240	240	NUM
cblr-1717	334	12	,	,	PUNCT
cblr-1717	334	13	245	245	NUM
cblr-1717	334	14	,	,	PUNCT
cblr-1717	334	15	249	249	NUM
cblr-1717	334	16	,	,	PUNCT
cblr-1717	334	17	274	274	NUM
cblr-1717	334	18	)	)	PUNCT
cblr-1717	334	19	.	.	PUNCT
cblr-1717	335	1	as	as	SCONJ
cblr-1717	335	2	discussed	discuss	VERB
cblr-1717	335	3	in	in	ADP
cblr-1717	335	4	section	section	PROPN
cblr-1717	335	5	ii	ii	PROPN
cblr-1717	335	6	,	,	PUNCT
cblr-1717	335	7	the	the	DET
cblr-1717	335	8	current	current	ADJ
cblr-1717	335	9	sec	sec	PROPN
cblr-1717	335	10	rule	rule	NOUN
cblr-1717	335	11	requires	require	VERB
cblr-1717	335	12	disclosure	disclosure	NOUN
cblr-1717	335	13	for	for	ADP
cblr-1717	335	14	the	the	DET
cblr-1717	335	15	ceo	ceo	NOUN
cblr-1717	335	16	,	,	PUNCT
cblr-1717	335	17	cfo	cfo	PROPN
cblr-1717	335	18	,	,	PUNCT
cblr-1717	335	19	and	and	CCONJ
cblr-1717	335	20	the	the	DET
cblr-1717	335	21	three	three	NUM
cblr-1717	335	22	most	most	ADV
cblr-1717	335	23	highly	highly	ADV
cblr-1717	335	24	compensated	compensate	VERB
cblr-1717	335	25	employees	employee	NOUN
cblr-1717	335	26	other	other	ADJ
cblr-1717	335	27	than	than	ADP
cblr-1717	335	28	the	the	DET
cblr-1717	335	29	ceo	ceo	NOUN
cblr-1717	335	30	and	and	CCONJ
cblr-1717	335	31	cfo	cfo	PROPN
cblr-1717	335	32	.	.	PUNCT
cblr-1717	336	1	the	the	DET
cblr-1717	336	2	prior	prior	ADJ
cblr-1717	336	3	rule	rule	NOUN
cblr-1717	336	4	(	(	PUNCT
cblr-1717	336	5	before	before	ADP
cblr-1717	336	6	2007	2007	NUM
cblr-1717	336	7	)	)	PUNCT
cblr-1717	336	8	mandated	mandate	VERB
cblr-1717	336	9	disclosure	disclosure	NOUN
cblr-1717	336	10	for	for	ADP
cblr-1717	336	11	the	the	DET
cblr-1717	336	12	ceo	ceo	NOUN
cblr-1717	336	13	and	and	CCONJ
cblr-1717	336	14	the	the	DET
cblr-1717	336	15	four	four	NUM
cblr-1717	336	16	most	most	ADV
cblr-1717	336	17	highly	highly	ADV
cblr-1717	336	18	compensated	compensate	VERB
cblr-1717	336	19	employees	employee	NOUN
cblr-1717	336	20	other	other	ADJ
cblr-1717	336	21	than	than	ADP
cblr-1717	336	22	the	the	DET
cblr-1717	336	23	ceo	ceo	NOUN
cblr-1717	336	24	.	.	PUNCT
cblr-1717	337	1	in	in	ADP
cblr-1717	337	2	most	most	ADJ
cblr-1717	337	3	firms	firm	NOUN
cblr-1717	337	4	,	,	PUNCT
cblr-1717	337	5	however	however	ADV
cblr-1717	337	6	,	,	PUNCT
cblr-1717	337	7	the	the	DET
cblr-1717	337	8	same	same	ADJ
cblr-1717	337	9	executives	executive	NOUN
cblr-1717	337	10	are	be	AUX
cblr-1717	337	11	covered	cover	VERB
cblr-1717	337	12	by	by	ADP
cblr-1717	337	13	either	either	DET
cblr-1717	337	14	rule	rule	NOUN
cblr-1717	337	15	.	.	PUNCT
cblr-1717	338	1	ades	ade	NOUN
cblr-1717	338	2	-	-	PUNCT
cblr-1717	338	3	laurent	laurent	NOUN
cblr-1717	338	4	–	–	PUNCT
cblr-1717	338	5	final	final	ADJ
cblr-1717	338	6	no	no	NOUN
cblr-1717	338	7	.	.	PUNCT
cblr-1717	339	1	1:347	1:347	NUM
cblr-1717	339	2	]	]	PUNCT
cblr-1717	339	3	disappearing	disappear	VERB
cblr-1717	339	4	stock	stock	NOUN
cblr-1717	339	5	options	option	NOUN
cblr-1717	339	6	367	367	NUM
cblr-1717	339	7	a.	a.	NOUN
cblr-1717	339	8	methodology	methodology	NOUN
cblr-1717	339	9	this	this	DET
cblr-1717	339	10	study	study	NOUN
cblr-1717	339	11	used	use	VERB
cblr-1717	339	12	data	datum	NOUN
cblr-1717	339	13	from	from	ADP
cblr-1717	339	14	s&p	s&p	PROPN
cblr-1717	339	15	’s	’s	PART
cblr-1717	339	16	compustat	compustat	NOUN
cblr-1717	339	17	database	database	NOUN
cblr-1717	339	18	,	,	PUNCT
cblr-1717	339	19	obtained	obtain	VERB
cblr-1717	339	20	through	through	ADP
cblr-1717	339	21	wharton	wharton	PROPN
cblr-1717	339	22	data	data	PROPN
cblr-1717	339	23	research	research	NOUN
cblr-1717	339	24	services.81	services.81	NOUN
cblr-1717	339	25	the	the	DET
cblr-1717	339	26	analysis	analysis	NOUN
cblr-1717	339	27	begins	begin	VERB
cblr-1717	339	28	with	with	ADP
cblr-1717	339	29	2006	2006	NUM
cblr-1717	339	30	because	because	SCONJ
cblr-1717	339	31	the	the	DET
cblr-1717	339	32	data	datum	NOUN
cblr-1717	339	33	for	for	ADP
cblr-1717	339	34	stock	stock	NOUN
cblr-1717	339	35	grants	grant	NOUN
cblr-1717	339	36	and	and	CCONJ
cblr-1717	339	37	total	total	ADJ
cblr-1717	339	38	compensation	compensation	NOUN
cblr-1717	339	39	are	be	AUX
cblr-1717	339	40	not	not	PART
cblr-1717	339	41	directly	directly	ADV
cblr-1717	339	42	comparable	comparable	ADJ
cblr-1717	339	43	in	in	ADP
cblr-1717	339	44	the	the	DET
cblr-1717	339	45	periods	period	NOUN
cblr-1717	339	46	before	before	ADV
cblr-1717	339	47	and	and	CCONJ
cblr-1717	339	48	after	after	ADP
cblr-1717	339	49	2006	2006	NUM
cblr-1717	339	50	.	.	PUNCT
cblr-1717	340	1	briefly	briefly	ADV
cblr-1717	340	2	,	,	PUNCT
cblr-1717	340	3	beginning	begin	VERB
cblr-1717	340	4	in	in	ADP
cblr-1717	340	5	2006	2006	NUM
cblr-1717	340	6	,	,	PUNCT
cblr-1717	340	7	compustat	compustat	NOUN
cblr-1717	340	8	accounted	account	VERB
cblr-1717	340	9	for	for	ADP
cblr-1717	340	10	the	the	DET
cblr-1717	340	11	grant	grant	NOUN
cblr-1717	340	12	date	date	NOUN
cblr-1717	340	13	fair	fair	ADJ
cblr-1717	340	14	value	value	NOUN
cblr-1717	340	15	of	of	ADP
cblr-1717	340	16	stock	stock	NOUN
cblr-1717	340	17	and	and	CCONJ
cblr-1717	340	18	option	option	NOUN
cblr-1717	340	19	awards	award	NOUN
cblr-1717	340	20	,	,	PUNCT
cblr-1717	340	21	as	as	ADV
cblr-1717	340	22	well	well	ADV
cblr-1717	340	23	as	as	ADP
cblr-1717	340	24	the	the	DET
cblr-1717	340	25	annualized	annualize	VERB
cblr-1717	340	26	expense	expense	NOUN
cblr-1717	340	27	associated	associate	VERB
cblr-1717	340	28	with	with	ADP
cblr-1717	340	29	the	the	DET
cblr-1717	340	30	award	award	NOUN
cblr-1717	340	31	.	.	PUNCT
cblr-1717	341	1	under	under	ADP
cblr-1717	341	2	the	the	DET
cblr-1717	341	3	2006	2006	NUM
cblr-1717	341	4	reporting	reporting	NOUN
cblr-1717	341	5	format	format	NOUN
cblr-1717	341	6	,	,	PUNCT
cblr-1717	341	7	the	the	DET
cblr-1717	341	8	variable	variable	ADJ
cblr-1717	341	9	stock_awards_fv	stock_awards_fv	PROPN
cblr-1717	341	10	included	include	VERB
cblr-1717	341	11	all	all	DET
cblr-1717	341	12	stock	stock	NOUN
cblr-1717	341	13	awards	award	NOUN
cblr-1717	341	14	(	(	PUNCT
cblr-1717	341	15	time	time	NOUN
cblr-1717	341	16	-	-	PUNCT
cblr-1717	341	17	vested	vested	ADJ
cblr-1717	341	18	restricted	restrict	VERB
cblr-1717	341	19	stock	stock	NOUN
cblr-1717	341	20	,	,	PUNCT
cblr-1717	341	21	performance	performance	NOUN
cblr-1717	341	22	-	-	PUNCT
cblr-1717	341	23	vested	vest	VERB
cblr-1717	341	24	restricted	restrict	VERB
cblr-1717	341	25	stock	stock	NOUN
cblr-1717	341	26	,	,	PUNCT
cblr-1717	341	27	and	and	CCONJ
cblr-1717	341	28	performance	performance	NOUN
cblr-1717	341	29	shares	share	NOUN
cblr-1717	341	30	)	)	PUNCT
cblr-1717	341	31	and	and	CCONJ
cblr-1717	341	32	the	the	DET
cblr-1717	341	33	variable	variable	ADJ
cblr-1717	341	34	options_awards_fv	options_awards_fv	NOUN
cblr-1717	341	35	included	include	VERB
cblr-1717	341	36	all	all	DET
cblr-1717	341	37	option	option	NOUN
cblr-1717	341	38	awards	award	NOUN
cblr-1717	341	39	(	(	PUNCT
cblr-1717	341	40	traditional	traditional	ADJ
cblr-1717	341	41	stock	stock	NOUN
cblr-1717	341	42	options	option	NOUN
cblr-1717	341	43	,	,	PUNCT
cblr-1717	341	44	performance	performance	NOUN
cblr-1717	341	45	-	-	PUNCT
cblr-1717	341	46	vested	vest	VERB
cblr-1717	341	47	options	option	NOUN
cblr-1717	341	48	,	,	PUNCT
cblr-1717	341	49	and	and	CCONJ
cblr-1717	341	50	stock	stock	NOUN
cblr-1717	341	51	appreciation	appreciation	NOUN
cblr-1717	341	52	rights	right	NOUN
cblr-1717	341	53	(	(	PUNCT
cblr-1717	341	54	“	"	PUNCT
cblr-1717	341	55	sars”)).82	sars”)).82	VERB
cblr-1717	341	56	prior	prior	ADV
cblr-1717	341	57	to	to	ADP
cblr-1717	341	58	the	the	DET
cblr-1717	341	59	fas	fas	ADJ
cblr-1717	341	60	123(r	123(r	PROPN
cblr-1717	341	61	)	)	PUNCT
cblr-1717	341	62	accounting	accounting	NOUN
cblr-1717	341	63	requirements	requirement	NOUN
cblr-1717	341	64	levied	levy	VERB
cblr-1717	341	65	in	in	ADP
cblr-1717	341	66	2006	2006	NUM
cblr-1717	341	67	,	,	PUNCT
cblr-1717	341	68	the	the	DET
cblr-1717	341	69	variable	variable	ADJ
cblr-1717	341	70	option_awards_blk_value	option_awards_blk_value	NOUN
cblr-1717	341	71	used	use	VERB
cblr-1717	341	72	black	black	ADJ
cblr-1717	341	73	-	-	PUNCT
cblr-1717	341	74	scholes	schole	NOUN
cblr-1717	341	75	methodology	methodology	NOUN
cblr-1717	341	76	to	to	PART
cblr-1717	341	77	generate	generate	VERB
cblr-1717	341	78	the	the	DET
cblr-1717	341	79	value	value	NOUN
cblr-1717	341	80	of	of	ADP
cblr-1717	341	81	the	the	DET
cblr-1717	341	82	options	option	NOUN
cblr-1717	341	83	grants.83	grants.83	ADJ
cblr-1717	341	84	81	81	NUM
cblr-1717	341	85	wharton	wharton	PROPN
cblr-1717	341	86	research	research	NOUN
cblr-1717	341	87	data	data	PROPN
cblr-1717	341	88	service	service	PROPN
cblr-1717	341	89	,	,	PUNCT
cblr-1717	341	90	wharton	wharton	PROPN
cblr-1717	341	91	,	,	PUNCT
cblr-1717	341	92	univ	univ	PROPN
cblr-1717	341	93	.	.	PROPN
cblr-1717	341	94	of	of	ADP
cblr-1717	341	95	pa	pa	PROPN
cblr-1717	341	96	.	.	PROPN
cblr-1717	341	97	,	,	PUNCT
cblr-1717	341	98	https://wrds-web.wharton.up-enn.edu/wrds	https://wrds-web.wharton.up-enn.edu/wrd	NOUN
cblr-1717	341	99	(	(	PUNCT
cblr-1717	341	100	last	last	ADJ
cblr-1717	341	101	visited	visit	VERB
cblr-1717	341	102	apr	apr	NOUN
cblr-1717	341	103	.	.	PROPN
cblr-1717	341	104	8	8	NUM
cblr-1717	341	105	,	,	PUNCT
cblr-1717	341	106	2017	2017	NUM
cblr-1717	341	107	)	)	PUNCT
cblr-1717	341	108	.	.	PUNCT
cblr-1717	342	1	s&p	s&p	PROPN
cblr-1717	342	2	’s	’s	PART
cblr-1717	342	3	compustat	compustat	NOUN
cblr-1717	342	4	database	database	NOUN
cblr-1717	342	5	includes	include	VERB
cblr-1717	342	6	executive	executive	NOUN
cblr-1717	342	7	compensation	compensation	NOUN
cblr-1717	342	8	data	datum	NOUN
cblr-1717	342	9	extracted	extract	VERB
cblr-1717	342	10	from	from	ADP
cblr-1717	342	11	the	the	DET
cblr-1717	342	12	proxy	proxy	ADJ
cblr-1717	342	13	statements	statement	NOUN
cblr-1717	342	14	of	of	ADP
cblr-1717	342	15	over	over	ADP
cblr-1717	342	16	3,300	3,300	NUM
cblr-1717	342	17	active	active	ADJ
cblr-1717	342	18	and	and	CCONJ
cblr-1717	342	19	inactive	inactive	ADJ
cblr-1717	342	20	firms	firm	NOUN
cblr-1717	342	21	in	in	ADP
cblr-1717	342	22	the	the	DET
cblr-1717	342	23	s&p	s&p	PROPN
cblr-1717	342	24	1500	1500	NUM
cblr-1717	342	25	index	index	NOUN
cblr-1717	342	26	,	,	PUNCT
cblr-1717	342	27	plus	plus	CCONJ
cblr-1717	342	28	a	a	DET
cblr-1717	342	29	handful	handful	NOUN
cblr-1717	342	30	of	of	ADP
cblr-1717	342	31	additional	additional	ADJ
cblr-1717	342	32	firms	firm	NOUN
cblr-1717	342	33	.	.	PUNCT
cblr-1717	343	1	data	datum	NOUN
cblr-1717	343	2	are	be	AUX
cblr-1717	343	3	compiled	compile	VERB
cblr-1717	343	4	from	from	ADP
cblr-1717	343	5	annual	annual	ADJ
cblr-1717	343	6	company	company	NOUN
cblr-1717	343	7	proxy	proxy	NOUN
cblr-1717	343	8	statements	statement	NOUN
cblr-1717	343	9	filed	file	VERB
cblr-1717	343	10	with	with	ADP
cblr-1717	343	11	the	the	DET
cblr-1717	343	12	sec	sec	PROPN
cblr-1717	343	13	within	within	ADP
cblr-1717	343	14	120	120	NUM
cblr-1717	343	15	days	day	NOUN
cblr-1717	343	16	of	of	ADP
cblr-1717	343	17	the	the	DET
cblr-1717	343	18	company	company	NOUN
cblr-1717	343	19	fiscal	fiscal	ADJ
cblr-1717	343	20	year	year	NOUN
cblr-1717	343	21	end	end	NOUN
cblr-1717	343	22	.	.	PUNCT
cblr-1717	344	1	compensation	compensation	NOUN
cblr-1717	344	2	data	datum	NOUN
cblr-1717	344	3	for	for	ADP
cblr-1717	344	4	the	the	DET
cblr-1717	344	5	top	top	ADJ
cblr-1717	344	6	five	five	NUM
cblr-1717	344	7	executives	executive	NOUN
cblr-1717	344	8	are	be	AUX
cblr-1717	344	9	typically	typically	ADV
cblr-1717	344	10	reported	report	VERB
cblr-1717	344	11	each	each	DET
cblr-1717	344	12	year	year	NOUN
cblr-1717	344	13	,	,	PUNCT
cblr-1717	344	14	giving	give	VERB
cblr-1717	344	15	rise	rise	NOUN
cblr-1717	344	16	to	to	ADP
cblr-1717	344	17	details	detail	NOUN
cblr-1717	344	18	on	on	ADP
cblr-1717	344	19	over	over	ADP
cblr-1717	344	20	39,000	39,000	NUM
cblr-1717	344	21	executives	executive	NOUN
cblr-1717	344	22	.	.	PUNCT
cblr-1717	345	1	occasional	occasional	ADJ
cblr-1717	345	2	data	datum	NOUN
cblr-1717	345	3	entry	entry	NOUN
cblr-1717	345	4	errors	error	NOUN
cblr-1717	345	5	exist	exist	VERB
cblr-1717	345	6	,	,	PUNCT
cblr-1717	345	7	and	and	CCONJ
cblr-1717	345	8	several	several	ADJ
cblr-1717	345	9	egregious	egregious	ADJ
cblr-1717	345	10	outliers	outlier	NOUN
cblr-1717	345	11	were	be	AUX
cblr-1717	345	12	removed	remove	VERB
cblr-1717	345	13	(	(	PUNCT
cblr-1717	345	14	for	for	ADP
cblr-1717	345	15	example	example	NOUN
cblr-1717	345	16	,	,	PUNCT
cblr-1717	345	17	the	the	DET
cblr-1717	345	18	listing	listing	NOUN
cblr-1717	345	19	of	of	ADP
cblr-1717	345	20	tdc1	tdc1	NOUN
cblr-1717	345	21	(	(	PUNCT
cblr-1717	345	22	the	the	DET
cblr-1717	345	23	marker	marker	NOUN
cblr-1717	345	24	for	for	ADP
cblr-1717	345	25	total	total	ADJ
cblr-1717	345	26	compensation	compensation	NOUN
cblr-1717	345	27	)	)	PUNCT
cblr-1717	345	28	for	for	ADP
cblr-1717	345	29	both	both	DET
cblr-1717	345	30	jan	jan	PROPN
cblr-1717	345	31	koum	koum	X
cblr-1717	345	32	of	of	ADP
cblr-1717	345	33	facebook	facebook	PROPN
cblr-1717	345	34	in	in	ADP
cblr-1717	345	35	2014	2014	NUM
cblr-1717	345	36	,	,	PUNCT
cblr-1717	345	37	and	and	CCONJ
cblr-1717	345	38	jeffrey	jeffrey	PROPN
cblr-1717	345	39	katzenberg	katzenberg	PROPN
cblr-1717	345	40	of	of	ADP
cblr-1717	345	41	dreamworks	dreamwork	NOUN
cblr-1717	345	42	in	in	ADP
cblr-1717	345	43	2006	2006	NUM
cblr-1717	345	44	,	,	PUNCT
cblr-1717	345	45	as	as	ADP
cblr-1717	345	46	“	"	PUNCT
cblr-1717	345	47	0.001	0.001	NUM
cblr-1717	345	48	”	"	PUNCT
cblr-1717	345	49	)	)	PUNCT
cblr-1717	345	50	,	,	PUNCT
cblr-1717	345	51	yet	yet	CCONJ
cblr-1717	345	52	there	there	PRON
cblr-1717	345	53	is	be	VERB
cblr-1717	345	54	no	no	DET
cblr-1717	345	55	better	well	ADJ
cblr-1717	345	56	way	way	NOUN
cblr-1717	345	57	to	to	PART
cblr-1717	345	58	code	code	VERB
cblr-1717	345	59	such	such	DET
cblr-1717	345	60	an	an	DET
cblr-1717	345	61	immense	immense	ADJ
cblr-1717	345	62	amount	amount	NOUN
cblr-1717	345	63	of	of	ADP
cblr-1717	345	64	data	datum	NOUN
cblr-1717	345	65	.	.	PUNCT
cblr-1717	346	1	any	any	DET
cblr-1717	346	2	errors	error	NOUN
cblr-1717	346	3	that	that	PRON
cblr-1717	346	4	remain	remain	VERB
cblr-1717	346	5	are	be	AUX
cblr-1717	346	6	the	the	DET
cblr-1717	346	7	fault	fault	NOUN
cblr-1717	346	8	of	of	ADP
cblr-1717	346	9	the	the	DET
cblr-1717	346	10	author	author	NOUN
cblr-1717	346	11	.	.	PUNCT
cblr-1717	347	1	82	82	NUM
cblr-1717	348	1	a	a	DET
cblr-1717	348	2	sar	sar	NOUN
cblr-1717	348	3	provides	provide	VERB
cblr-1717	348	4	the	the	DET
cblr-1717	348	5	recipient	recipient	NOUN
cblr-1717	348	6	with	with	ADP
cblr-1717	348	7	the	the	DET
cblr-1717	348	8	right	right	NOUN
cblr-1717	348	9	to	to	PART
cblr-1717	348	10	receive	receive	VERB
cblr-1717	348	11	the	the	DET
cblr-1717	348	12	amount	amount	NOUN
cblr-1717	348	13	of	of	ADP
cblr-1717	348	14	the	the	DET
cblr-1717	348	15	increase	increase	NOUN
cblr-1717	348	16	in	in	ADP
cblr-1717	348	17	value	value	NOUN
cblr-1717	348	18	of	of	ADP
cblr-1717	348	19	employer	employer	NOUN
cblr-1717	348	20	stock	stock	NOUN
cblr-1717	348	21	during	during	ADP
cblr-1717	348	22	a	a	DET
cblr-1717	348	23	specified	specified	ADJ
cblr-1717	348	24	period	period	NOUN
cblr-1717	348	25	.	.	PUNCT
cblr-1717	349	1	the	the	DET
cblr-1717	349	2	recipient	recipient	NOUN
cblr-1717	349	3	will	will	AUX
cblr-1717	349	4	receive	receive	VERB
cblr-1717	349	5	the	the	DET
cblr-1717	349	6	increase	increase	NOUN
cblr-1717	349	7	in	in	ADP
cblr-1717	349	8	value	value	NOUN
cblr-1717	349	9	by	by	ADP
cblr-1717	349	10	exercising	exercise	VERB
cblr-1717	349	11	the	the	DET
cblr-1717	349	12	sar	sar	NOUN
cblr-1717	349	13	.	.	PUNCT
cblr-1717	350	1	variations	variation	NOUN
cblr-1717	350	2	among	among	ADP
cblr-1717	350	3	sars	sars	PROPN
cblr-1717	350	4	may	may	AUX
cblr-1717	350	5	include	include	VERB
cblr-1717	350	6	limitations	limitation	NOUN
cblr-1717	350	7	on	on	ADP
cblr-1717	350	8	exercise	exercise	NOUN
cblr-1717	350	9	until	until	SCONJ
cblr-1717	350	10	certain	certain	ADJ
cblr-1717	350	11	objectives	objective	NOUN
cblr-1717	350	12	are	be	AUX
cblr-1717	350	13	met	meet	VERB
cblr-1717	350	14	,	,	PUNCT
cblr-1717	350	15	or	or	CCONJ
cblr-1717	350	16	the	the	DET
cblr-1717	350	17	allowance	allowance	NOUN
cblr-1717	350	18	of	of	ADP
cblr-1717	350	19	the	the	DET
cblr-1717	350	20	proceeds	proceed	NOUN
cblr-1717	350	21	of	of	ADP
cblr-1717	350	22	the	the	DET
cblr-1717	350	23	sar	sar	NOUN
cblr-1717	350	24	to	to	PART
cblr-1717	350	25	be	be	AUX
cblr-1717	350	26	paid	pay	VERB
cblr-1717	350	27	in	in	ADP
cblr-1717	350	28	stock	stock	NOUN
cblr-1717	350	29	rather	rather	ADV
cblr-1717	350	30	than	than	ADP
cblr-1717	350	31	cash	cash	NOUN
cblr-1717	350	32	.	.	PUNCT
cblr-1717	351	1	finance	finance	NOUN
cblr-1717	351	2	committee	committee	PROPN
cblr-1717	351	3	hearing	hearing	NOUN
cblr-1717	351	4	,	,	PUNCT
cblr-1717	351	5	supra	supra	PROPN
cblr-1717	351	6	note	note	PROPN
cblr-1717	351	7	22	22	NUM
cblr-1717	351	8	,	,	PUNCT
cblr-1717	351	9	at	at	ADP
cblr-1717	351	10	42	42	NUM
cblr-1717	351	11	.	.	PUNCT
cblr-1717	351	12	83	83	NUM
cblr-1717	352	1	the	the	DET
cblr-1717	352	2	black	black	ADJ
cblr-1717	352	3	-	-	PUNCT
cblr-1717	352	4	scholes	schole	NOUN
cblr-1717	352	5	formula	formula	NOUN
cblr-1717	352	6	is	be	AUX
cblr-1717	352	7	one	one	NUM
cblr-1717	352	8	of	of	ADP
cblr-1717	352	9	the	the	DET
cblr-1717	352	10	most	most	ADV
cblr-1717	352	11	well	well	ADV
cblr-1717	352	12	known	know	VERB
cblr-1717	352	13	models	model	NOUN
cblr-1717	352	14	for	for	ADP
cblr-1717	352	15	valuing	value	VERB
cblr-1717	352	16	option	option	NOUN
cblr-1717	352	17	pricing	pricing	NOUN
cblr-1717	352	18	.	.	PUNCT
cblr-1717	353	1	it	it	PRON
cblr-1717	353	2	uses	use	VERB
cblr-1717	353	3	five	five	NUM
cblr-1717	353	4	inputs	input	NOUN
cblr-1717	353	5	:	:	PUNCT
cblr-1717	353	6	strike	strike	NOUN
cblr-1717	353	7	price	price	NOUN
cblr-1717	353	8	,	,	PUNCT
cblr-1717	353	9	stock	stock	NOUN
cblr-1717	353	10	price	price	NOUN
cblr-1717	353	11	,	,	PUNCT
cblr-1717	353	12	time	time	NOUN
cblr-1717	353	13	ades	ade	NOUN
cblr-1717	353	14	-	-	PUNCT
cblr-1717	353	15	laurent	laurent	NOUN
cblr-1717	353	16	–	–	PUNCT
cblr-1717	353	17	final	final	ADJ
cblr-1717	353	18	368	368	NUM
cblr-1717	353	19	columbia	columbia	PROPN
cblr-1717	353	20	business	business	NOUN
cblr-1717	353	21	law	law	PROPN
cblr-1717	353	22	review	review	NOUN
cblr-1717	353	23	[	[	X
cblr-1717	353	24	vol	vol	NOUN
cblr-1717	353	25	.	.	NOUN
cblr-1717	353	26	2017	2017	NUM
cblr-1717	353	27	for	for	ADP
cblr-1717	353	28	stock	stock	NOUN
cblr-1717	353	29	,	,	PUNCT
cblr-1717	353	30	the	the	DET
cblr-1717	353	31	equivalent	equivalent	ADJ
cblr-1717	353	32	pre-2006	pre-2006	ADJ
cblr-1717	353	33	variable	variable	NOUN
cblr-1717	353	34	was	be	AUX
cblr-1717	353	35	rstkgrnt	rstkgrnt	VERB
cblr-1717	353	36	,	,	PUNCT
cblr-1717	353	37	which	which	PRON
cblr-1717	353	38	did	do	AUX
cblr-1717	353	39	not	not	PART
cblr-1717	353	40	include	include	VERB
cblr-1717	353	41	the	the	DET
cblr-1717	353	42	value	value	NOUN
cblr-1717	353	43	of	of	ADP
cblr-1717	353	44	performance	performance	NOUN
cblr-1717	353	45	shares	share	NOUN
cblr-1717	353	46	.	.	PUNCT
cblr-1717	354	1	instead	instead	ADV
cblr-1717	354	2	,	,	PUNCT
cblr-1717	354	3	performance	performance	NOUN
cblr-1717	354	4	shares	share	NOUN
cblr-1717	354	5	were	be	AUX
cblr-1717	354	6	included	include	VERB
cblr-1717	354	7	in	in	ADP
cblr-1717	354	8	ltip	ltip	NOUN
cblr-1717	354	9	(	(	PUNCT
cblr-1717	354	10	longterm	longterm	VERB
cblr-1717	354	11	incentive	incentive	NOUN
cblr-1717	354	12	plans	plan	NOUN
cblr-1717	354	13	)	)	PUNCT
cblr-1717	354	14	,	,	PUNCT
cblr-1717	354	15	along	along	ADP
cblr-1717	354	16	with	with	ADP
cblr-1717	354	17	long	long	ADJ
cblr-1717	354	18	-	-	PUNCT
cblr-1717	354	19	term	term	NOUN
cblr-1717	354	20	non	non	ADJ
cblr-1717	354	21	-	-	ADJ
cblr-1717	354	22	equity	equity	ADJ
cblr-1717	354	23	plan	plan	NOUN
cblr-1717	354	24	awards	award	NOUN
cblr-1717	354	25	.	.	PUNCT
cblr-1717	355	1	the	the	DET
cblr-1717	355	2	inconsistency	inconsistency	NOUN
cblr-1717	355	3	in	in	ADP
cblr-1717	355	4	the	the	DET
cblr-1717	355	5	calculation	calculation	NOUN
cblr-1717	355	6	of	of	ADP
cblr-1717	355	7	options	option	NOUN
cblr-1717	355	8	carried	carry	VERB
cblr-1717	355	9	over	over	ADP
cblr-1717	355	10	to	to	ADP
cblr-1717	355	11	the	the	DET
cblr-1717	355	12	total	total	ADJ
cblr-1717	355	13	compensation	compensation	NOUN
cblr-1717	355	14	variable	variable	NOUN
cblr-1717	355	15	tdc1	tdc1	NOUN
cblr-1717	355	16	.	.	PUNCT
cblr-1717	356	1	before	before	ADP
cblr-1717	356	2	2006	2006	NUM
cblr-1717	356	3	,	,	PUNCT
cblr-1717	356	4	tdc1	tdc1	NOUN
cblr-1717	356	5	included	include	VERB
cblr-1717	356	6	salary	salary	NOUN
cblr-1717	356	7	,	,	PUNCT
cblr-1717	356	8	bonus	bonus	NOUN
cblr-1717	356	9	,	,	PUNCT
cblr-1717	356	10	other	other	ADJ
cblr-1717	356	11	annual	annual	ADJ
cblr-1717	356	12	compensation	compensation	NOUN
cblr-1717	356	13	,	,	PUNCT
cblr-1717	356	14	the	the	DET
cblr-1717	356	15	grant	grant	NOUN
cblr-1717	356	16	date	date	NOUN
cblr-1717	356	17	value	value	NOUN
cblr-1717	356	18	of	of	ADP
cblr-1717	356	19	restricted	restricted	ADJ
cblr-1717	356	20	stock	stock	NOUN
cblr-1717	356	21	(	(	PUNCT
cblr-1717	356	22	not	not	PART
cblr-1717	356	23	including	include	VERB
cblr-1717	356	24	performance	performance	NOUN
cblr-1717	356	25	shares	share	NOUN
cblr-1717	356	26	)	)	PUNCT
cblr-1717	356	27	,	,	PUNCT
cblr-1717	356	28	the	the	DET
cblr-1717	356	29	grant	grant	NOUN
cblr-1717	356	30	date	date	NOUN
cblr-1717	356	31	value	value	NOUN
cblr-1717	356	32	of	of	ADP
cblr-1717	356	33	options	option	NOUN
cblr-1717	356	34	and	and	CCONJ
cblr-1717	356	35	sars	sars	PROPN
cblr-1717	356	36	(	(	PUNCT
cblr-1717	356	37	based	base	VERB
cblr-1717	356	38	on	on	ADP
cblr-1717	356	39	the	the	DET
cblr-1717	356	40	black	black	ADJ
cblr-1717	356	41	-	-	PUNCT
cblr-1717	356	42	scholes	schole	NOUN
cblr-1717	356	43	methodology	methodology	NOUN
cblr-1717	356	44	)	)	PUNCT
cblr-1717	356	45	,	,	PUNCT
cblr-1717	356	46	long	long	ADJ
cblr-1717	356	47	-	-	PUNCT
cblr-1717	356	48	term	term	NOUN
cblr-1717	356	49	incentive	incentive	NOUN
cblr-1717	356	50	plan	plan	NOUN
cblr-1717	356	51	payouts	payout	NOUN
cblr-1717	356	52	(	(	PUNCT
cblr-1717	356	53	including	include	VERB
cblr-1717	356	54	performance	performance	NOUN
cblr-1717	356	55	shares	share	NOUN
cblr-1717	356	56	)	)	PUNCT
cblr-1717	356	57	,	,	PUNCT
cblr-1717	356	58	and	and	CCONJ
cblr-1717	356	59	other	other	ADJ
cblr-1717	356	60	total	total	ADJ
cblr-1717	356	61	compensation	compensation	NOUN
cblr-1717	356	62	.	.	PUNCT
cblr-1717	357	1	the	the	DET
cblr-1717	357	2	2006	2006	NUM
cblr-1717	357	3	version	version	NOUN
cblr-1717	357	4	of	of	ADP
cblr-1717	357	5	tdc1	tdc1	PROPN
cblr-1717	357	6	includes	include	VERB
cblr-1717	357	7	salary	salary	NOUN
cblr-1717	357	8	,	,	PUNCT
cblr-1717	357	9	bonus	bonus	NOUN
cblr-1717	357	10	,	,	PUNCT
cblr-1717	357	11	non	non	ADJ
cblr-1717	357	12	-	-	ADJ
cblr-1717	357	13	equity	equity	ADJ
cblr-1717	357	14	incentive	incentive	NOUN
cblr-1717	357	15	plan	plan	NOUN
cblr-1717	357	16	payouts	payout	NOUN
cblr-1717	357	17	,	,	PUNCT
cblr-1717	357	18	grant	grant	NOUN
cblr-1717	357	19	date	date	NOUN
cblr-1717	357	20	value	value	NOUN
cblr-1717	357	21	of	of	ADP
cblr-1717	357	22	stock	stock	NOUN
cblr-1717	357	23	(	(	PUNCT
cblr-1717	357	24	including	include	VERB
cblr-1717	357	25	performance	performance	NOUN
cblr-1717	357	26	shares	share	NOUN
cblr-1717	357	27	)	)	PUNCT
cblr-1717	357	28	and	and	CCONJ
cblr-1717	357	29	options	option	NOUN
cblr-1717	357	30	(	(	PUNCT
cblr-1717	357	31	including	include	VERB
cblr-1717	357	32	sars	sar	NOUN
cblr-1717	357	33	)	)	PUNCT
cblr-1717	357	34	,	,	PUNCT
cblr-1717	357	35	deferred	defer	VERB
cblr-1717	357	36	compensation	compensation	NOUN
cblr-1717	357	37	earnings	earning	NOUN
cblr-1717	357	38	,	,	PUNCT
cblr-1717	357	39	and	and	CCONJ
cblr-1717	357	40	other	other	ADJ
cblr-1717	357	41	compensation	compensation	NOUN
cblr-1717	357	42	.	.	PUNCT
cblr-1717	358	1	consequently	consequently	ADV
cblr-1717	358	2	,	,	PUNCT
cblr-1717	358	3	as	as	SCONJ
cblr-1717	358	4	these	these	DET
cblr-1717	358	5	two	two	NUM
cblr-1717	358	6	measures	measure	NOUN
cblr-1717	358	7	are	be	AUX
cblr-1717	358	8	not	not	PART
cblr-1717	358	9	directly	directly	ADV
cblr-1717	358	10	comparable	comparable	ADJ
cblr-1717	358	11	,	,	PUNCT
cblr-1717	358	12	this	this	DET
cblr-1717	358	13	note	note	NOUN
cblr-1717	358	14	only	only	ADV
cblr-1717	358	15	analyzes	analyze	VERB
cblr-1717	358	16	the	the	DET
cblr-1717	358	17	composition	composition	NOUN
cblr-1717	358	18	of	of	ADP
cblr-1717	358	19	executive	executive	ADJ
cblr-1717	358	20	pay	pay	NOUN
cblr-1717	358	21	packages	package	NOUN
cblr-1717	358	22	in	in	ADP
cblr-1717	358	23	the	the	DET
cblr-1717	358	24	years	year	NOUN
cblr-1717	358	25	after	after	ADP
cblr-1717	358	26	2006	2006	NUM
cblr-1717	358	27	.	.	PUNCT
cblr-1717	359	1	the	the	DET
cblr-1717	359	2	calculation	calculation	NOUN
cblr-1717	359	3	of	of	ADP
cblr-1717	359	4	various	various	ADJ
cblr-1717	359	5	equity	equity	NOUN
cblr-1717	359	6	pay	pay	NOUN
cblr-1717	359	7	instruments	instrument	NOUN
cblr-1717	359	8	has	have	AUX
cblr-1717	359	9	evolved	evolve	VERB
cblr-1717	359	10	over	over	ADP
cblr-1717	359	11	the	the	DET
cblr-1717	359	12	last	last	ADJ
cblr-1717	359	13	decade	decade	NOUN
cblr-1717	359	14	,	,	PUNCT
cblr-1717	359	15	largely	largely	ADV
cblr-1717	359	16	due	due	ADJ
cblr-1717	359	17	to	to	ADP
cblr-1717	359	18	changes	change	NOUN
cblr-1717	359	19	in	in	ADP
cblr-1717	359	20	accounting	accounting	NOUN
cblr-1717	359	21	rules	rule	NOUN
cblr-1717	359	22	and	and	CCONJ
cblr-1717	359	23	sec	sec	PROPN
cblr-1717	359	24	disclosure	disclosure	NOUN
cblr-1717	359	25	rules	rule	NOUN
cblr-1717	359	26	.	.	PUNCT
cblr-1717	360	1	the	the	DET
cblr-1717	360	2	fundamental	fundamental	ADJ
cblr-1717	360	3	composition	composition	NOUN
cblr-1717	360	4	of	of	ADP
cblr-1717	360	5	equity	equity	NOUN
cblr-1717	360	6	pay	pay	NOUN
cblr-1717	360	7	,	,	PUNCT
cblr-1717	360	8	however	however	ADV
cblr-1717	360	9	,	,	PUNCT
cblr-1717	360	10	has	have	AUX
cblr-1717	360	11	not	not	PART
cblr-1717	360	12	changed.84	changed.84	NOUN
cblr-1717	360	13	thus	thus	ADV
cblr-1717	360	14	,	,	PUNCT
cblr-1717	360	15	in	in	ADP
cblr-1717	360	16	the	the	DET
cblr-1717	360	17	analysis	analysis	NOUN
cblr-1717	360	18	that	that	PRON
cblr-1717	360	19	follows	follow	VERB
cblr-1717	360	20	,	,	PUNCT
cblr-1717	360	21	“	"	PUNCT
cblr-1717	360	22	stock	stock	NOUN
cblr-1717	360	23	”	"	PUNCT
cblr-1717	360	24	includes	include	VERB
cblr-1717	360	25	time	time	NOUN
cblr-1717	360	26	-	-	PUNCT
cblr-1717	360	27	vested	vest	VERB
cblr-1717	360	28	restricted	restrict	VERB
cblr-1717	360	29	stock,85	stock,85	NOUN
cblr-1717	360	30	performance	performance	NOUN
cblr-1717	360	31	-	-	PUNCT
cblr-1717	360	32	vested	vest	VERB
cblr-1717	360	33	restricted	restrict	VERB
cblr-1717	360	34	stock,86	stock,86	NOUN
cblr-1717	360	35	and	and	CCONJ
cblr-1717	360	36	until	until	ADP
cblr-1717	360	37	expiration	expiration	NOUN
cblr-1717	360	38	,	,	PUNCT
cblr-1717	360	39	volatility	volatility	NOUN
cblr-1717	360	40	,	,	PUNCT
cblr-1717	360	41	and	and	CCONJ
cblr-1717	360	42	risk	risk	VERB
cblr-1717	360	43	free	free	ADJ
cblr-1717	360	44	interest	interest	NOUN
cblr-1717	360	45	rate	rate	NOUN
cblr-1717	360	46	.	.	PUNCT
cblr-1717	361	1	proxy	proxy	ADJ
cblr-1717	361	2	statements	statement	NOUN
cblr-1717	361	3	not	not	PART
cblr-1717	361	4	required	require	VERB
cblr-1717	361	5	to	to	PART
cblr-1717	361	6	value	value	NOUN
cblr-1717	361	7	option	option	NOUN
cblr-1717	361	8	grants	grant	NOUN
cblr-1717	361	9	to	to	ADP
cblr-1717	361	10	outside	outside	ADJ
cblr-1717	361	11	directors	director	NOUN
cblr-1717	361	12	,	,	PUNCT
cblr-1717	361	13	9	9	NUM
cblr-1717	361	14	ria	ria	PROPN
cblr-1717	361	15	pension	pension	NOUN
cblr-1717	361	16	&	&	CCONJ
cblr-1717	361	17	benefits	benefits	PROPN
cblr-1717	361	18	week	week	NOUN
cblr-1717	361	19	newsletter	newsletter	NOUN
cblr-1717	361	20	22	22	NUM
cblr-1717	361	21	(	(	PUNCT
cblr-1717	361	22	2003	2003	NUM
cblr-1717	361	23	)	)	PUNCT
cblr-1717	361	24	.	.	PUNCT
cblr-1717	362	1	84	84	NUM
cblr-1717	362	2	for	for	ADP
cblr-1717	362	3	example	example	NOUN
cblr-1717	362	4	,	,	PUNCT
cblr-1717	362	5	calculating	calculate	VERB
cblr-1717	362	6	by	by	ADP
cblr-1717	362	7	the	the	DET
cblr-1717	362	8	grant	grant	NOUN
cblr-1717	362	9	date	date	NOUN
cblr-1717	362	10	,	,	PUNCT
cblr-1717	362	11	rather	rather	ADV
cblr-1717	362	12	than	than	ADP
cblr-1717	362	13	the	the	DET
cblr-1717	362	14	exercise	exercise	NOUN
cblr-1717	362	15	date	date	NOUN
cblr-1717	362	16	.	.	PUNCT
cblr-1717	363	1	see	see	VERB
cblr-1717	363	2	supra	supra	PROPN
cblr-1717	363	3	part	part	PROPN
cblr-1717	363	4	i.	i.	PROPN
cblr-1717	363	5	85	85	NUM
cblr-1717	363	6	time	time	NOUN
cblr-1717	363	7	-	-	PUNCT
cblr-1717	363	8	vested	vest	VERB
cblr-1717	363	9	restricted	restricted	ADJ
cblr-1717	363	10	stock	stock	NOUN
cblr-1717	363	11	is	be	AUX
cblr-1717	363	12	the	the	DET
cblr-1717	363	13	conventional	conventional	ADJ
cblr-1717	363	14	stock	stock	NOUN
cblr-1717	363	15	compensation	compensation	NOUN
cblr-1717	363	16	plan	plan	NOUN
cblr-1717	363	17	:	:	PUNCT
cblr-1717	363	18	compensation	compensation	NOUN
cblr-1717	363	19	in	in	ADP
cblr-1717	363	20	the	the	DET
cblr-1717	363	21	form	form	NOUN
cblr-1717	363	22	of	of	ADP
cblr-1717	363	23	company	company	NOUN
cblr-1717	363	24	stock	stock	NOUN
cblr-1717	363	25	.	.	PUNCT
cblr-1717	364	1	the	the	DET
cblr-1717	364	2	executive	executive	NOUN
cblr-1717	364	3	does	do	AUX
cblr-1717	364	4	not	not	PART
cblr-1717	364	5	secure	secure	VERB
cblr-1717	364	6	the	the	DET
cblr-1717	364	7	stock	stock	NOUN
cblr-1717	364	8	immediately	immediately	ADV
cblr-1717	364	9	,	,	PUNCT
cblr-1717	364	10	but	but	CCONJ
cblr-1717	364	11	receives	receive	VERB
cblr-1717	364	12	it	it	PRON
cblr-1717	364	13	according	accord	VERB
cblr-1717	364	14	to	to	ADP
cblr-1717	364	15	a	a	DET
cblr-1717	364	16	vesting	vest	VERB
cblr-1717	364	17	plan	plan	NOUN
cblr-1717	364	18	and	and	CCONJ
cblr-1717	364	19	distribution	distribution	NOUN
cblr-1717	364	20	schedule	schedule	NOUN
cblr-1717	364	21	if	if	SCONJ
cblr-1717	364	22	she	she	PRON
cblr-1717	364	23	remains	remain	VERB
cblr-1717	364	24	with	with	ADP
cblr-1717	364	25	the	the	DET
cblr-1717	364	26	employer	employer	NOUN
cblr-1717	364	27	for	for	ADP
cblr-1717	364	28	a	a	DET
cblr-1717	364	29	designated	designate	VERB
cblr-1717	364	30	length	length	NOUN
cblr-1717	364	31	of	of	ADP
cblr-1717	364	32	time	time	NOUN
cblr-1717	364	33	.	.	PUNCT
cblr-1717	365	1	the	the	DET
cblr-1717	365	2	most	most	ADV
cblr-1717	365	3	common	common	ADJ
cblr-1717	365	4	period	period	NOUN
cblr-1717	365	5	of	of	ADP
cblr-1717	365	6	vesting	vesting	NOUN
cblr-1717	365	7	is	be	AUX
cblr-1717	365	8	three	three	NUM
cblr-1717	365	9	years	year	NOUN
cblr-1717	365	10	.	.	PUNCT
cblr-1717	366	1	see	see	VERB
cblr-1717	366	2	generally	generally	ADV
cblr-1717	366	3	the	the	DET
cblr-1717	366	4	2015	2015	NUM
cblr-1717	366	5	top	top	NOUN
cblr-1717	366	6	250	250	NUM
cblr-1717	366	7	:	:	PUNCT
cblr-1717	366	8	long	long	ADJ
cblr-1717	366	9	-	-	PUNCT
cblr-1717	366	10	term	term	NOUN
cblr-1717	366	11	incentive	incentive	NOUN
cblr-1717	366	12	grant	grant	NOUN
cblr-1717	366	13	practices	practice	NOUN
cblr-1717	366	14	for	for	ADP
cblr-1717	366	15	executives	executive	NOUN
cblr-1717	366	16	,	,	PUNCT
cblr-1717	366	17	frederick	frederick	PROPN
cblr-1717	366	18	w.	w.	PROPN
cblr-1717	366	19	cook	cook	PROPN
cblr-1717	366	20	&	&	CCONJ
cblr-1717	366	21	co.	co.	PROPN
cblr-1717	366	22	,	,	PUNCT
cblr-1717	366	23	inc	inc	PROPN
cblr-1717	366	24	.	.	PROPN
cblr-1717	366	25	4	4	NUM
cblr-1717	366	26	(	(	PUNCT
cblr-1717	366	27	2015	2015	NUM
cblr-1717	366	28	)	)	PUNCT
cblr-1717	366	29	,	,	PUNCT
cblr-1717	366	30	http://www.fwcook.com/content/documents/publications/fwc_2015_top_2	http://www.fwcook.com/content/documents/publications/fwc_2015_top_2	PROPN
cblr-1717	367	1	50.pdf	50.pdf	PROPN
cblr-1717	368	1	[	[	X
cblr-1717	368	2	https://perma.cc/2yst-4avm	https://perma.cc/2yst-4avm	X
cblr-1717	368	3	]	]	X
cblr-1717	368	4	.	.	PUNCT
cblr-1717	369	1	restricted	restrict	VERB
cblr-1717	369	2	stock	stock	NOUN
cblr-1717	369	3	may	may	AUX
cblr-1717	369	4	be	be	AUX
cblr-1717	369	5	granted	grant	VERB
cblr-1717	369	6	in	in	ADP
cblr-1717	369	7	two	two	NUM
cblr-1717	369	8	forms	form	NOUN
cblr-1717	369	9	.	.	PUNCT
cblr-1717	370	1	the	the	DET
cblr-1717	370	2	first	first	ADJ
cblr-1717	370	3	is	be	AUX
cblr-1717	370	4	an	an	DET
cblr-1717	370	5	award	award	NOUN
cblr-1717	370	6	,	,	PUNCT
cblr-1717	370	7	in	in	ADP
cblr-1717	370	8	which	which	PRON
cblr-1717	370	9	the	the	DET
cblr-1717	370	10	executive	executive	NOUN
cblr-1717	370	11	owns	own	VERB
cblr-1717	370	12	the	the	DET
cblr-1717	370	13	shares	share	NOUN
cblr-1717	370	14	ades	ade	NOUN
cblr-1717	370	15	-	-	PUNCT
cblr-1717	370	16	laurent	laurent	NOUN
cblr-1717	370	17	–	–	PUNCT
cblr-1717	370	18	final	final	ADJ
cblr-1717	370	19	no	no	NOUN
cblr-1717	370	20	.	.	PUNCT
cblr-1717	371	1	1:347	1:347	NUM
cblr-1717	371	2	]	]	PUNCT
cblr-1717	371	3	disappearing	disappear	VERB
cblr-1717	371	4	stock	stock	NOUN
cblr-1717	371	5	options	option	NOUN
cblr-1717	371	6	369	369	NUM
cblr-1717	371	7	performance	performance	NOUN
cblr-1717	371	8	shares	share	NOUN
cblr-1717	371	9	(	(	PUNCT
cblr-1717	371	10	also	also	ADV
cblr-1717	371	11	known	know	VERB
cblr-1717	371	12	as	as	ADP
cblr-1717	371	13	phantom	phantom	ADJ
cblr-1717	371	14	stock	stock	NOUN
cblr-1717	371	15	units).87	units).87	PROPN
cblr-1717	371	16	the	the	DET
cblr-1717	371	17	category	category	NOUN
cblr-1717	371	18	of	of	ADP
cblr-1717	371	19	“	"	PUNCT
cblr-1717	371	20	options	option	NOUN
cblr-1717	371	21	”	"	PUNCT
cblr-1717	371	22	refers	refer	VERB
cblr-1717	371	23	to	to	ADP
cblr-1717	371	24	conventional	conventional	ADJ
cblr-1717	371	25	employee	employee	NOUN
cblr-1717	371	26	stock	stock	NOUN
cblr-1717	371	27	options	option	NOUN
cblr-1717	371	28	(	(	PUNCT
cblr-1717	371	29	including	include	VERB
cblr-1717	371	30	both	both	CCONJ
cblr-1717	371	31	nonqualified	nonqualified	ADJ
cblr-1717	371	32	stock	stock	NOUN
cblr-1717	371	33	and	and	CCONJ
cblr-1717	371	34	incentive	incentive	NOUN
cblr-1717	371	35	stock	stock	NOUN
cblr-1717	371	36	options),88	options),88	NOUN
cblr-1717	371	37	performance	performance	NOUN
cblr-1717	371	38	-	-	PUNCT
cblr-1717	371	39	vested	vest	VERB
cblr-1717	371	40	stock	stock	NOUN
cblr-1717	371	41	outright	outright	ADV
cblr-1717	371	42	,	,	PUNCT
cblr-1717	371	43	but	but	CCONJ
cblr-1717	371	44	may	may	AUX
cblr-1717	371	45	not	not	PART
cblr-1717	371	46	take	take	VERB
cblr-1717	371	47	full	full	ADJ
cblr-1717	371	48	ownership	ownership	NOUN
cblr-1717	371	49	rights	right	NOUN
cblr-1717	371	50	until	until	SCONJ
cblr-1717	371	51	after	after	SCONJ
cblr-1717	371	52	the	the	DET
cblr-1717	371	53	vesting	vesting	NOUN
cblr-1717	371	54	requirements	requirement	NOUN
cblr-1717	371	55	are	be	AUX
cblr-1717	371	56	met	meet	VERB
cblr-1717	371	57	.	.	PUNCT
cblr-1717	372	1	second	second	ADV
cblr-1717	372	2	,	,	PUNCT
cblr-1717	372	3	she	she	PRON
cblr-1717	372	4	may	may	AUX
cblr-1717	372	5	receive	receive	VERB
cblr-1717	372	6	stock	stock	NOUN
cblr-1717	372	7	in	in	ADP
cblr-1717	372	8	the	the	DET
cblr-1717	372	9	form	form	NOUN
cblr-1717	372	10	of	of	ADP
cblr-1717	372	11	a	a	DET
cblr-1717	372	12	unit	unit	NOUN
cblr-1717	372	13	,	,	PUNCT
cblr-1717	372	14	in	in	ADP
cblr-1717	372	15	which	which	PRON
cblr-1717	372	16	the	the	DET
cblr-1717	372	17	actual	actual	ADJ
cblr-1717	372	18	stock	stock	NOUN
cblr-1717	372	19	is	be	AUX
cblr-1717	372	20	not	not	PART
cblr-1717	372	21	issued	issue	VERB
cblr-1717	372	22	until	until	SCONJ
cblr-1717	372	23	the	the	DET
cblr-1717	372	24	vesting	vesting	NOUN
cblr-1717	372	25	requirements	requirement	NOUN
cblr-1717	372	26	are	be	AUX
cblr-1717	372	27	satisfied	satisfied	ADJ
cblr-1717	372	28	.	.	PUNCT
cblr-1717	373	1	if	if	SCONJ
cblr-1717	373	2	the	the	DET
cblr-1717	373	3	shares	share	NOUN
cblr-1717	373	4	fail	fail	VERB
cblr-1717	373	5	to	to	PART
cblr-1717	373	6	vest	vest	VERB
cblr-1717	373	7	,	,	PUNCT
cblr-1717	373	8	the	the	DET
cblr-1717	373	9	award	award	NOUN
cblr-1717	373	10	is	be	AUX
cblr-1717	373	11	forfeited	forfeit	VERB
cblr-1717	373	12	.	.	PUNCT
cblr-1717	374	1	carol	carol	PROPN
cblr-1717	374	2	meyers	meyers	PROPN
cblr-1717	374	3	edelstein	edelstein	PROPN
cblr-1717	374	4	,	,	PUNCT
cblr-1717	374	5	long	long	ADJ
cblr-1717	374	6	-	-	PUNCT
cblr-1717	374	7	term	term	NOUN
cblr-1717	374	8	incentives	incentive	NOUN
cblr-1717	374	9	for	for	ADP
cblr-1717	374	10	management	management	NOUN
cblr-1717	374	11	,	,	PUNCT
cblr-1717	374	12	part	part	NOUN
cblr-1717	374	13	4	4	NUM
cblr-1717	374	14	:	:	PUNCT
cblr-1717	374	15	restricted	restrict	VERB
cblr-1717	374	16	stock	stock	NOUN
cblr-1717	374	17	,	,	PUNCT
cblr-1717	374	18	13	13	NUM
cblr-1717	374	19	compensation	compensation	NOUN
cblr-1717	374	20	&	&	CCONJ
cblr-1717	374	21	benefits	benefit	NOUN
cblr-1717	374	22	rev	rev	VERB
cblr-1717	374	23	.	.	PROPN
cblr-1717	374	24	30	30	NUM
cblr-1717	374	25	(	(	PUNCT
cblr-1717	374	26	1981	1981	NUM
cblr-1717	374	27	)	)	PUNCT
cblr-1717	374	28	.	.	PUNCT
cblr-1717	375	1	86	86	NUM
cblr-1717	375	2	performance	performance	NOUN
cblr-1717	375	3	-	-	PUNCT
cblr-1717	375	4	vested	vest	VERB
cblr-1717	375	5	restricted	restrict	VERB
cblr-1717	375	6	stock	stock	NOUN
cblr-1717	375	7	mandates	mandate	NOUN
cblr-1717	375	8	that	that	SCONJ
cblr-1717	375	9	in	in	ADP
cblr-1717	375	10	addition	addition	NOUN
cblr-1717	375	11	to	to	ADP
cblr-1717	375	12	the	the	DET
cblr-1717	375	13	retention	retention	NOUN
cblr-1717	375	14	requirements	requirement	NOUN
cblr-1717	375	15	,	,	PUNCT
cblr-1717	375	16	the	the	DET
cblr-1717	375	17	executive	executive	NOUN
cblr-1717	375	18	must	must	AUX
cblr-1717	375	19	achieve	achieve	VERB
cblr-1717	375	20	certain	certain	ADJ
cblr-1717	375	21	stated	state	VERB
cblr-1717	375	22	performance	performance	NOUN
cblr-1717	375	23	milestones	milestone	NOUN
cblr-1717	375	24	.	.	PUNCT
cblr-1717	376	1	like	like	ADP
cblr-1717	376	2	time	time	NOUN
cblr-1717	376	3	-	-	PUNCT
cblr-1717	376	4	vested	vest	VERB
cblr-1717	376	5	restricted	restrict	VERB
cblr-1717	376	6	stock	stock	NOUN
cblr-1717	376	7	,	,	PUNCT
cblr-1717	376	8	performancevested	performanceveste	VERB
cblr-1717	376	9	restricted	restrict	VERB
cblr-1717	376	10	stock	stock	NOUN
cblr-1717	376	11	may	may	AUX
cblr-1717	376	12	also	also	ADV
cblr-1717	376	13	come	come	VERB
cblr-1717	376	14	in	in	ADP
cblr-1717	376	15	the	the	DET
cblr-1717	376	16	form	form	NOUN
cblr-1717	376	17	of	of	ADP
cblr-1717	376	18	awards	award	NOUN
cblr-1717	376	19	or	or	CCONJ
cblr-1717	376	20	units	unit	NOUN
cblr-1717	376	21	.	.	PUNCT
cblr-1717	377	1	see	see	VERB
cblr-1717	377	2	david	david	PROPN
cblr-1717	377	3	i.	i.	PROPN
cblr-1717	377	4	walker	walker	PROPN
cblr-1717	377	5	,	,	PUNCT
cblr-1717	377	6	evolving	evolve	VERB
cblr-1717	377	7	executive	executive	ADJ
cblr-1717	377	8	equity	equity	NOUN
cblr-1717	377	9	compensation	compensation	NOUN
cblr-1717	377	10	and	and	CCONJ
cblr-1717	377	11	the	the	DET
cblr-1717	377	12	limits	limit	NOUN
cblr-1717	377	13	of	of	ADP
cblr-1717	377	14	optimal	optimal	ADJ
cblr-1717	377	15	contracting	contracting	NOUN
cblr-1717	377	16	,	,	PUNCT
cblr-1717	377	17	64	64	NUM
cblr-1717	377	18	vand	vand	NOUN
cblr-1717	377	19	.	.	PUNCT
cblr-1717	378	1	l.	l.	PROPN
cblr-1717	378	2	rev	rev	PROPN
cblr-1717	378	3	.	.	PROPN
cblr-1717	378	4	611	611	NUM
cblr-1717	378	5	,	,	PUNCT
cblr-1717	378	6	631–32	631–32	NUM
cblr-1717	378	7	n.65	n.65	ADP
cblr-1717	378	8	(	(	PUNCT
cblr-1717	378	9	2011	2011	NUM
cblr-1717	378	10	)	)	PUNCT
cblr-1717	378	11	.	.	PUNCT
cblr-1717	379	1	87	87	NUM
cblr-1717	379	2	a	a	DET
cblr-1717	379	3	performance	performance	NOUN
cblr-1717	379	4	share	share	NOUN
cblr-1717	379	5	,	,	PUNCT
cblr-1717	379	6	or	or	CCONJ
cblr-1717	379	7	“	"	PUNCT
cblr-1717	379	8	phantom	phantom	ADJ
cblr-1717	379	9	stock	stock	NOUN
cblr-1717	379	10	unit	unit	NOUN
cblr-1717	379	11	,	,	PUNCT
cblr-1717	379	12	”	"	PUNCT
cblr-1717	379	13	is	be	AUX
cblr-1717	379	14	a	a	DET
cblr-1717	379	15	restricted	restricted	ADJ
cblr-1717	379	16	stock	stock	NOUN
cblr-1717	379	17	share	share	NOUN
cblr-1717	379	18	(	(	PUNCT
cblr-1717	379	19	or	or	CCONJ
cblr-1717	379	20	unit	unit	NOUN
cblr-1717	379	21	)	)	PUNCT
cblr-1717	379	22	that	that	SCONJ
cblr-1717	379	23	vests	vest	NOUN
cblr-1717	379	24	upon	upon	SCONJ
cblr-1717	379	25	the	the	DET
cblr-1717	379	26	achievement	achievement	NOUN
cblr-1717	379	27	of	of	ADP
cblr-1717	379	28	company	company	NOUN
cblr-1717	379	29	-	-	PUNCT
cblr-1717	379	30	specified	specify	VERB
cblr-1717	379	31	performance	performance	NOUN
cblr-1717	379	32	conditions	condition	NOUN
cblr-1717	379	33	.	.	PUNCT
cblr-1717	380	1	after	after	ADP
cblr-1717	380	2	the	the	DET
cblr-1717	380	3	share	share	NOUN
cblr-1717	380	4	vests	vest	NOUN
cblr-1717	380	5	,	,	PUNCT
cblr-1717	380	6	the	the	DET
cblr-1717	380	7	executive	executive	NOUN
cblr-1717	380	8	will	will	AUX
cblr-1717	380	9	receive	receive	VERB
cblr-1717	380	10	payment	payment	NOUN
cblr-1717	380	11	in	in	ADP
cblr-1717	380	12	either	either	CCONJ
cblr-1717	380	13	cash	cash	NOUN
cblr-1717	380	14	or	or	CCONJ
cblr-1717	380	15	shares	share	NOUN
cblr-1717	380	16	of	of	ADP
cblr-1717	380	17	common	common	ADJ
cblr-1717	380	18	stock	stock	NOUN
cblr-1717	380	19	(	(	PUNCT
cblr-1717	380	20	at	at	ADP
cblr-1717	380	21	a	a	DET
cblr-1717	380	22	one	one	NUM
cblr-1717	380	23	-	-	PUNCT
cblr-1717	380	24	to	to	ADP
cblr-1717	380	25	-	-	PUNCT
cblr-1717	380	26	one	one	NUM
cblr-1717	380	27	ratio	ratio	NOUN
cblr-1717	380	28	with	with	ADP
cblr-1717	380	29	each	each	DET
cblr-1717	380	30	phantom	phantom	ADJ
cblr-1717	380	31	stock	stock	NOUN
cblr-1717	380	32	unit	unit	NOUN
cblr-1717	380	33	)	)	PUNCT
cblr-1717	380	34	,	,	PUNCT
cblr-1717	380	35	plus	plus	CCONJ
cblr-1717	380	36	any	any	DET
cblr-1717	380	37	dividends	dividend	NOUN
cblr-1717	380	38	that	that	PRON
cblr-1717	380	39	accrued	accrue	VERB
cblr-1717	380	40	from	from	ADP
cblr-1717	380	41	the	the	DET
cblr-1717	380	42	grant	grant	NOUN
cblr-1717	380	43	date	date	NOUN
cblr-1717	380	44	until	until	ADP
cblr-1717	380	45	the	the	DET
cblr-1717	380	46	vesting	vesting	NOUN
cblr-1717	380	47	period	period	NOUN
cblr-1717	380	48	.	.	PUNCT
cblr-1717	381	1	the	the	DET
cblr-1717	381	2	difference	difference	NOUN
cblr-1717	381	3	between	between	ADP
cblr-1717	381	4	performance	performance	NOUN
cblr-1717	381	5	shares	share	NOUN
cblr-1717	381	6	and	and	CCONJ
cblr-1717	381	7	performance	performance	NOUN
cblr-1717	381	8	-	-	PUNCT
cblr-1717	381	9	vested	vest	VERB
cblr-1717	381	10	restricted	restrict	VERB
cblr-1717	381	11	stock	stock	NOUN
cblr-1717	381	12	is	be	AUX
cblr-1717	381	13	insignificant	insignificant	ADJ
cblr-1717	381	14	,	,	PUNCT
cblr-1717	381	15	economically	economically	ADV
cblr-1717	381	16	-	-	PUNCT
cblr-1717	381	17	speaking	speak	VERB
cblr-1717	381	18	.	.	PUNCT
cblr-1717	382	1	i	i	PRON
cblr-1717	382	2	d.	d.	PROPN
cblr-1717	382	3	at	at	ADP
cblr-1717	382	4	631–32	631–32	PROPN
cblr-1717	382	5	n.66	n.66	NOUN
cblr-1717	382	6	.	.	PROPN
cblr-1717	382	7	88	88	NUM
cblr-1717	382	8	a	a	DET
cblr-1717	382	9	stock	stock	NOUN
cblr-1717	382	10	option	option	NOUN
cblr-1717	382	11	is	be	AUX
cblr-1717	382	12	the	the	DET
cblr-1717	382	13	right	right	NOUN
cblr-1717	382	14	,	,	PUNCT
cblr-1717	382	15	but	but	CCONJ
cblr-1717	382	16	not	not	PART
cblr-1717	382	17	the	the	DET
cblr-1717	382	18	obligation	obligation	NOUN
cblr-1717	382	19	,	,	PUNCT
cblr-1717	382	20	to	to	PART
cblr-1717	382	21	purchase	purchase	VERB
cblr-1717	382	22	a	a	DET
cblr-1717	382	23	company	company	NOUN
cblr-1717	382	24	’s	’s	PART
cblr-1717	382	25	stock	stock	NOUN
cblr-1717	382	26	at	at	ADP
cblr-1717	382	27	a	a	DET
cblr-1717	382	28	fixed	fix	VERB
cblr-1717	382	29	price	price	NOUN
cblr-1717	382	30	for	for	ADP
cblr-1717	382	31	a	a	DET
cblr-1717	382	32	fixed	fix	VERB
cblr-1717	382	33	period	period	NOUN
cblr-1717	382	34	of	of	ADP
cblr-1717	382	35	time	time	NOUN
cblr-1717	382	36	.	.	PUNCT
cblr-1717	383	1	the	the	DET
cblr-1717	383	2	primary	primary	ADJ
cblr-1717	383	3	difference	difference	NOUN
cblr-1717	383	4	between	between	ADP
cblr-1717	383	5	the	the	DET
cblr-1717	383	6	two	two	NUM
cblr-1717	383	7	types	type	NOUN
cblr-1717	383	8	of	of	ADP
cblr-1717	383	9	stock	stock	NOUN
cblr-1717	383	10	options	option	NOUN
cblr-1717	383	11	—	—	PUNCT
cblr-1717	383	12	non	non	ADJ
cblr-1717	383	13	-	-	ADJ
cblr-1717	383	14	qualified	qualified	ADJ
cblr-1717	383	15	stock	stock	NOUN
cblr-1717	383	16	options	option	NOUN
cblr-1717	383	17	and	and	CCONJ
cblr-1717	383	18	incentive	incentive	NOUN
cblr-1717	383	19	stock	stock	NOUN
cblr-1717	383	20	options	option	NOUN
cblr-1717	383	21	—	—	PUNCT
cblr-1717	383	22	lies	lie	VERB
cblr-1717	383	23	in	in	ADP
cblr-1717	383	24	their	their	PRON
cblr-1717	383	25	tax	tax	NOUN
cblr-1717	383	26	treatment	treatment	NOUN
cblr-1717	383	27	.	.	PUNCT
cblr-1717	384	1	see	see	VERB
cblr-1717	384	2	supra	supra	PROPN
cblr-1717	384	3	section	section	PROPN
cblr-1717	384	4	ii.c.1	ii.c.1	PROPN
cblr-1717	384	5	.	.	PUNCT
cblr-1717	385	1	recall	recall	NOUN
cblr-1717	385	2	that	that	PRON
cblr-1717	385	3	isos	isos	PROPN
cblr-1717	385	4	are	be	AUX
cblr-1717	385	5	only	only	ADV
cblr-1717	385	6	available	available	ADJ
cblr-1717	385	7	to	to	ADP
cblr-1717	385	8	employees	employee	NOUN
cblr-1717	385	9	and	and	CCONJ
cblr-1717	385	10	limited	limit	VERB
cblr-1717	385	11	to	to	ADP
cblr-1717	385	12	$	$	SYM
cblr-1717	385	13	100,000	100,000	NUM
cblr-1717	385	14	.	.	PUNCT
cblr-1717	386	1	i	i	PRON
cblr-1717	386	2	d.	d.	PROPN
cblr-1717	386	3	at	at	ADP
cblr-1717	386	4	n.43	n.43	PROPN
cblr-1717	386	5	.	.	PUNCT
cblr-1717	387	1	no	no	DET
cblr-1717	387	2	income	income	NOUN
cblr-1717	387	3	is	be	AUX
cblr-1717	387	4	reported	report	VERB
cblr-1717	387	5	when	when	SCONJ
cblr-1717	387	6	the	the	DET
cblr-1717	387	7	option	option	NOUN
cblr-1717	387	8	is	be	AUX
cblr-1717	387	9	exercised	exercise	VERB
cblr-1717	387	10	and	and	CCONJ
cblr-1717	387	11	the	the	DET
cblr-1717	387	12	entire	entire	ADJ
cblr-1717	387	13	gain	gain	NOUN
cblr-1717	387	14	from	from	ADP
cblr-1717	387	15	the	the	DET
cblr-1717	387	16	sale	sale	NOUN
cblr-1717	387	17	of	of	ADP
cblr-1717	387	18	the	the	DET
cblr-1717	387	19	stock	stock	NOUN
cblr-1717	387	20	is	be	AUX
cblr-1717	387	21	taxed	tax	VERB
cblr-1717	387	22	as	as	ADP
cblr-1717	387	23	longterm	longterm	ADJ
cblr-1717	387	24	capital	capital	NOUN
cblr-1717	387	25	gains	gain	NOUN
cblr-1717	387	26	.	.	PUNCT
cblr-1717	388	1	nonqualified	nonqualifie	VERB
cblr-1717	388	2	stock	stock	NOUN
cblr-1717	388	3	options	option	NOUN
cblr-1717	388	4	(	(	PUNCT
cblr-1717	388	5	“	"	PUNCT
cblr-1717	388	6	nsos	nsos	X
cblr-1717	388	7	”	"	PUNCT
cblr-1717	388	8	)	)	PUNCT
cblr-1717	388	9	are	be	AUX
cblr-1717	388	10	options	option	NOUN
cblr-1717	388	11	granted	grant	VERB
cblr-1717	388	12	in	in	ADP
cblr-1717	388	13	unlimited	unlimited	ADJ
cblr-1717	388	14	amounts	amount	NOUN
cblr-1717	388	15	that	that	PRON
cblr-1717	388	16	do	do	AUX
cblr-1717	388	17	not	not	PART
cblr-1717	388	18	receive	receive	VERB
cblr-1717	388	19	the	the	DET
cblr-1717	388	20	same	same	ADJ
cblr-1717	388	21	tax	tax	NOUN
cblr-1717	388	22	-	-	PUNCT
cblr-1717	388	23	favored	favor	VERB
cblr-1717	388	24	treatment	treatment	NOUN
cblr-1717	388	25	as	as	ADP
cblr-1717	388	26	isos	isos	NOUN
cblr-1717	388	27	.	.	PUNCT
cblr-1717	389	1	after	after	ADP
cblr-1717	389	2	exercise	exercise	NOUN
cblr-1717	389	3	,	,	PUNCT
cblr-1717	389	4	the	the	DET
cblr-1717	389	5	difference	difference	NOUN
cblr-1717	389	6	between	between	ADP
cblr-1717	389	7	the	the	DET
cblr-1717	389	8	fair	fair	ADJ
cblr-1717	389	9	market	market	NOUN
cblr-1717	389	10	value	value	NOUN
cblr-1717	389	11	on	on	ADP
cblr-1717	389	12	the	the	DET
cblr-1717	389	13	exercise	exercise	NOUN
cblr-1717	389	14	date	date	NOUN
cblr-1717	389	15	and	and	CCONJ
cblr-1717	389	16	the	the	DET
cblr-1717	389	17	grant	grant	NOUN
cblr-1717	389	18	date	date	NOUN
cblr-1717	389	19	price	price	NOUN
cblr-1717	389	20	is	be	AUX
cblr-1717	389	21	reported	report	VERB
cblr-1717	389	22	as	as	ADP
cblr-1717	389	23	ordinary	ordinary	ADJ
cblr-1717	389	24	income	income	NOUN
cblr-1717	389	25	.	.	PUNCT
cblr-1717	390	1	gains	gain	NOUN
cblr-1717	390	2	(	(	PUNCT
cblr-1717	390	3	or	or	CCONJ
cblr-1717	390	4	losses	loss	NOUN
cblr-1717	390	5	)	)	PUNCT
cblr-1717	390	6	from	from	ADP
cblr-1717	390	7	the	the	DET
cblr-1717	390	8	sale	sale	NOUN
cblr-1717	390	9	of	of	ADP
cblr-1717	390	10	the	the	DET
cblr-1717	390	11	stock	stock	NOUN
cblr-1717	390	12	after	after	ADP
cblr-1717	390	13	exercise	exercise	NOUN
cblr-1717	390	14	will	will	AUX
cblr-1717	390	15	be	be	AUX
cblr-1717	390	16	recorded	record	VERB
cblr-1717	390	17	as	as	ADP
cblr-1717	390	18	a	a	DET
cblr-1717	390	19	capital	capital	NOUN
cblr-1717	390	20	gain	gain	NOUN
cblr-1717	390	21	(	(	PUNCT
cblr-1717	390	22	or	or	CCONJ
cblr-1717	390	23	loss	loss	NOUN
cblr-1717	390	24	)	)	PUNCT
cblr-1717	390	25	.	.	PUNCT
cblr-1717	391	1	because	because	SCONJ
cblr-1717	391	2	there	there	PRON
cblr-1717	391	3	is	be	VERB
cblr-1717	391	4	no	no	DET
cblr-1717	391	5	limit	limit	NOUN
cblr-1717	391	6	on	on	ADP
cblr-1717	391	7	the	the	DET
cblr-1717	391	8	amount	amount	NOUN
cblr-1717	391	9	of	of	ADP
cblr-1717	391	10	options	option	NOUN
cblr-1717	391	11	that	that	PRON
cblr-1717	391	12	can	can	AUX
cblr-1717	391	13	be	be	AUX
cblr-1717	391	14	offered	offer	VERB
cblr-1717	391	15	,	,	PUNCT
cblr-1717	391	16	nsos	nsos	X
cblr-1717	391	17	will	will	AUX
cblr-1717	391	18	more	more	ADV
cblr-1717	391	19	likely	likely	ADV
cblr-1717	391	20	compensate	compensate	VERB
cblr-1717	391	21	senior	senior	ADJ
cblr-1717	391	22	executives	executive	NOUN
cblr-1717	391	23	.	.	PUNCT
cblr-1717	392	1	additionally	additionally	ADV
cblr-1717	392	2	,	,	PUNCT
cblr-1717	392	3	employers	employer	NOUN
cblr-1717	392	4	generally	generally	ADV
cblr-1717	392	5	prefer	prefer	VERB
cblr-1717	392	6	nsos	nsos	NOUN
cblr-1717	392	7	because	because	SCONJ
cblr-1717	392	8	they	they	PRON
cblr-1717	392	9	may	may	AUX
cblr-1717	392	10	take	take	VERB
cblr-1717	392	11	a	a	DET
cblr-1717	392	12	tax	tax	NOUN
cblr-1717	392	13	deduction	deduction	NOUN
cblr-1717	392	14	stemming	stem	VERB
cblr-1717	392	15	from	from	ADP
cblr-1717	392	16	what	what	PRON
cblr-1717	392	17	the	the	DET
cblr-1717	392	18	recipient	recipient	NOUN
cblr-1717	392	19	includes	include	VERB
cblr-1717	392	20	in	in	ADP
cblr-1717	392	21	her	her	PRON
cblr-1717	392	22	income	income	NOUN
cblr-1717	392	23	.	.	PUNCT
cblr-1717	393	1	when	when	SCONJ
cblr-1717	393	2	“	"	PUNCT
cblr-1717	393	3	options	option	NOUN
cblr-1717	393	4	”	"	PUNCT
cblr-1717	393	5	are	be	AUX
cblr-1717	393	6	discussed	discuss	VERB
cblr-1717	393	7	,	,	PUNCT
cblr-1717	393	8	nsos	nsos	X
cblr-1717	393	9	tend	tend	VERB
cblr-1717	393	10	to	to	PART
cblr-1717	393	11	be	be	AUX
cblr-1717	393	12	the	the	DET
cblr-1717	393	13	options	option	NOUN
cblr-1717	393	14	under	under	ADP
cblr-1717	393	15	discussion	discussion	NOUN
cblr-1717	393	16	.	.	PUNCT
cblr-1717	394	1	james	james	PROPN
cblr-1717	394	2	m.	m.	PROPN
cblr-1717	394	3	bickley	bickley	PROPN
cblr-1717	394	4	,	,	PUNCT
cblr-1717	394	5	employee	employee	NOUN
cblr-1717	394	6	stock	stock	NOUN
cblr-1717	394	7	options	option	NOUN
cblr-1717	394	8	:	:	PUNCT
cblr-1717	394	9	tax	tax	NOUN
cblr-1717	394	10	treatment	treatment	NOUN
cblr-1717	394	11	and	and	CCONJ
cblr-1717	394	12	tax	tax	NOUN
cblr-1717	394	13	issues	issue	NOUN
cblr-1717	394	14	,	,	PUNCT
cblr-1717	394	15	cong	cong	NOUN
cblr-1717	394	16	.	.	PUNCT
cblr-1717	395	1	research	research	NOUN
cblr-1717	395	2	serv	serv	PROPN
cblr-1717	395	3	.	.	PROPN
cblr-1717	395	4	3	3	NUM
cblr-1717	395	5	(	(	PUNCT
cblr-1717	395	6	2012	2012	NUM
cblr-1717	395	7	)	)	PUNCT
cblr-1717	395	8	,	,	PUNCT
cblr-1717	395	9	ades	ade	NOUN
cblr-1717	395	10	-	-	PUNCT
cblr-1717	395	11	laurent	laurent	NOUN
cblr-1717	395	12	–	–	PUNCT
cblr-1717	395	13	final	final	ADJ
cblr-1717	395	14	370	370	NUM
cblr-1717	395	15	columbia	columbia	PROPN
cblr-1717	395	16	business	business	NOUN
cblr-1717	395	17	law	law	PROPN
cblr-1717	395	18	review	review	NOUN
cblr-1717	396	1	[	[	X
cblr-1717	396	2	vol	vol	NOUN
cblr-1717	396	3	.	.	NOUN
cblr-1717	396	4	2017	2017	NUM
cblr-1717	396	5	options,89	options,89	NOUN
cblr-1717	396	6	and	and	CCONJ
cblr-1717	396	7	sars.90	sars.90	ADP
cblr-1717	396	8	the	the	DET
cblr-1717	396	9	vast	vast	ADJ
cblr-1717	396	10	majority	majority	NOUN
cblr-1717	396	11	of	of	ADP
cblr-1717	396	12	options	option	NOUN
cblr-1717	396	13	issued	issue	VERB
cblr-1717	396	14	are	be	AUX
cblr-1717	396	15	conventional	conventional	ADJ
cblr-1717	396	16	options	option	NOUN
cblr-1717	396	17	,	,	PUNCT
cblr-1717	396	18	in	in	ADP
cblr-1717	396	19	turn	turn	NOUN
cblr-1717	396	20	dominated	dominate	VERB
cblr-1717	396	21	by	by	ADP
cblr-1717	396	22	nonqualified	nonqualified	ADJ
cblr-1717	396	23	stock	stock	NOUN
cblr-1717	396	24	options	option	NOUN
cblr-1717	396	25	(	(	PUNCT
cblr-1717	396	26	“	"	PUNCT
cblr-1717	396	27	nsos”).91	nsos”).91	ADV
cblr-1717	396	28	additionally	additionally	ADV
cblr-1717	396	29	,	,	PUNCT
cblr-1717	396	30	“	"	PUNCT
cblr-1717	396	31	[	[	X
cblr-1717	396	32	a]lmost	a]lmost	ADP
cblr-1717	396	33	all	all	DET
cblr-1717	396	34	compensatory	compensatory	ADJ
cblr-1717	396	35	options	option	NOUN
cblr-1717	396	36	issued	issue	VERB
cblr-1717	396	37	by	by	ADP
cblr-1717	396	38	u.s	u.s	PROPN
cblr-1717	396	39	.	.	PROPN
cblr-1717	396	40	firms	firm	NOUN
cblr-1717	396	41	have	have	AUX
cblr-1717	396	42	been	be	AUX
cblr-1717	396	43	‘	'	PUNCT
cblr-1717	396	44	at	at	ADP
cblr-1717	396	45	-	-	PUNCT
cblr-1717	396	46	themoney	themoney	NOUN
cblr-1717	396	47	’	'	PUNCT
cblr-1717	396	48	options	option	NOUN
cblr-1717	396	49	,	,	PUNCT
cblr-1717	396	50	”	"	PUNCT
cblr-1717	396	51	meaning	mean	VERB
cblr-1717	396	52	that	that	SCONJ
cblr-1717	396	53	the	the	DET
cblr-1717	396	54	strike	strike	NOUN
cblr-1717	396	55	price	price	NOUN
cblr-1717	396	56	is	be	AUX
cblr-1717	396	57	set	set	VERB
cblr-1717	396	58	equal	equal	ADJ
cblr-1717	396	59	to	to	ADP
cblr-1717	396	60	the	the	DET
cblr-1717	396	61	fair	fair	ADJ
cblr-1717	396	62	market	market	NOUN
cblr-1717	396	63	value	value	NOUN
cblr-1717	396	64	of	of	ADP
cblr-1717	396	65	the	the	DET
cblr-1717	396	66	company	company	NOUN
cblr-1717	396	67	’s	’s	PART
cblr-1717	396	68	stock	stock	NOUN
cblr-1717	396	69	at	at	ADP
cblr-1717	396	70	the	the	DET
cblr-1717	396	71	date	date	NOUN
cblr-1717	396	72	of	of	ADP
cblr-1717	396	73	the	the	DET
cblr-1717	396	74	option	option	NOUN
cblr-1717	396	75	grant.92	grant.92	NOUN
cblr-1717	396	76	discounted	discount	VERB
cblr-1717	396	77	,	,	PUNCT
cblr-1717	396	78	or	or	CCONJ
cblr-1717	396	79	“	"	PUNCT
cblr-1717	396	80	in	in	ADP
cblr-1717	396	81	-	-	PUNCT
cblr-1717	396	82	the	the	DET
cblr-1717	396	83	-	-	PUNCT
cblr-1717	396	84	money	money	NOUN
cblr-1717	396	85	”	"	PUNCT
cblr-1717	396	86	options	option	NOUN
cblr-1717	396	87	,	,	PUNCT
cblr-1717	396	88	have	have	AUX
cblr-1717	396	89	rarely	rarely	ADV
cblr-1717	396	90	been	be	AUX
cblr-1717	396	91	observed	observe	VERB
cblr-1717	396	92	and	and	CCONJ
cblr-1717	396	93	have	have	AUX
cblr-1717	396	94	dwindled	dwindle	VERB
cblr-1717	396	95	to	to	ADP
cblr-1717	396	96	zero	zero	NUM
cblr-1717	396	97	instances	instance	NOUN
cblr-1717	396	98	in	in	ADP
cblr-1717	396	99	recent	recent	ADJ
cblr-1717	396	100	years,93	years,93	NOUN
cblr-1717	396	101	largely	largely	ADV
cblr-1717	396	102	due	due	ADJ
cblr-1717	396	103	to	to	ADP
cblr-1717	396	104	a	a	DET
cblr-1717	396	105	tougher	tough	ADJ
cblr-1717	396	106	stance	stance	NOUN
cblr-1717	396	107	on	on	ADP
cblr-1717	396	108	tax	tax	NOUN
cblr-1717	396	109	rules	rule	NOUN
cblr-1717	396	110	by	by	ADP
cblr-1717	396	111	the	the	DET
cblr-1717	396	112	irs.94	irs.94	PROPN
cblr-1717	396	113	thus	thus	ADV
cblr-1717	396	114	,	,	PUNCT
cblr-1717	396	115	the	the	DET
cblr-1717	396	116	data	datum	NOUN
cblr-1717	396	117	included	include	VERB
cblr-1717	396	118	in	in	ADP
cblr-1717	396	119	this	this	DET
cblr-1717	396	120	note	note	NOUN
cblr-1717	396	121	on	on	ADP
cblr-1717	396	122	executive	executive	ADJ
cblr-1717	396	123	pay	pay	NOUN
cblr-1717	396	124	packages	package	NOUN
cblr-1717	396	125	in	in	ADP
cblr-1717	396	126	public	public	ADJ
cblr-1717	396	127	companies	company	NOUN
cblr-1717	396	128	http://digitalcommons.ilr.cornell.edu/cgi/viewcontent.cgi?article=1935&con	http://digitalcommons.ilr.cornell.edu/cgi/viewcontent.cgi?article=1935&con	PROPN
cblr-1717	396	129	text	text	NOUN
cblr-1717	397	1	=	=	PRON
cblr-1717	397	2	key_workplace	key_workplace	NOUN
cblr-1717	397	3	[	[	X
cblr-1717	397	4	https://perma.cc/5apz-3ld7	https://perma.cc/5apz-3ld7	X
cblr-1717	397	5	]	]	PUNCT
cblr-1717	397	6	.	.	PUNCT
cblr-1717	398	1	89	89	NUM
cblr-1717	399	1	i	i	PRON
cblr-1717	399	2	d.	d.	PROPN
cblr-1717	399	3	performance	performance	NOUN
cblr-1717	399	4	-	-	PUNCT
cblr-1717	399	5	vested	vest	VERB
cblr-1717	399	6	stock	stock	NOUN
cblr-1717	399	7	option	option	NOUN
cblr-1717	399	8	plans	plan	NOUN
cblr-1717	399	9	are	be	AUX
cblr-1717	399	10	analogous	analogous	ADJ
cblr-1717	399	11	to	to	ADP
cblr-1717	399	12	performance	performance	NOUN
cblr-1717	399	13	-	-	PUNCT
cblr-1717	399	14	vested	vest	VERB
cblr-1717	399	15	restricted	restricted	ADJ
cblr-1717	399	16	option	option	NOUN
cblr-1717	399	17	plans	plan	NOUN
cblr-1717	399	18	:	:	PUNCT
cblr-1717	399	19	in	in	ADP
cblr-1717	399	20	addition	addition	NOUN
cblr-1717	399	21	to	to	ADP
cblr-1717	399	22	the	the	DET
cblr-1717	399	23	traditional	traditional	ADJ
cblr-1717	399	24	retention	retention	NOUN
cblr-1717	399	25	criteria	criterion	NOUN
cblr-1717	399	26	,	,	PUNCT
cblr-1717	399	27	the	the	DET
cblr-1717	399	28	recipient	recipient	NOUN
cblr-1717	399	29	will	will	AUX
cblr-1717	399	30	realize	realize	VERB
cblr-1717	399	31	no	no	DET
cblr-1717	399	32	value	value	NOUN
cblr-1717	399	33	from	from	ADP
cblr-1717	399	34	the	the	DET
cblr-1717	399	35	option	option	NOUN
cblr-1717	399	36	unless	unless	SCONJ
cblr-1717	399	37	the	the	DET
cblr-1717	399	38	specified	specify	VERB
cblr-1717	399	39	performance	performance	NOUN
cblr-1717	399	40	conditions	condition	NOUN
cblr-1717	399	41	are	be	AUX
cblr-1717	399	42	met	meet	VERB
cblr-1717	399	43	.	.	PUNCT
cblr-1717	400	1	see	see	VERB
cblr-1717	400	2	walker	walker	PROPN
cblr-1717	400	3	,	,	PUNCT
cblr-1717	400	4	supra	supra	PROPN
cblr-1717	400	5	note	note	PROPN
cblr-1717	400	6	86	86	NUM
cblr-1717	400	7	,	,	PUNCT
cblr-1717	400	8	at	at	ADP
cblr-1717	400	9	631	631	NUM
cblr-1717	400	10	n.65	n.65	SYM
cblr-1717	400	11	.	.	PROPN
cblr-1717	400	12	90	90	NUM
cblr-1717	400	13	see	see	VERB
cblr-1717	400	14	finance	finance	NOUN
cblr-1717	400	15	committee	committee	NOUN
cblr-1717	400	16	hearing	hearing	NOUN
cblr-1717	400	17	,	,	PUNCT
cblr-1717	400	18	supra	supra	PROPN
cblr-1717	400	19	note	note	PROPN
cblr-1717	400	20	22	22	NUM
cblr-1717	400	21	,	,	PUNCT
cblr-1717	400	22	at	at	ADP
cblr-1717	400	23	42	42	NUM
cblr-1717	400	24	.	.	PUNCT
cblr-1717	401	1	91	91	NUM
cblr-1717	401	2	see	see	VERB
cblr-1717	401	3	bickley	bickley	PROPN
cblr-1717	401	4	,	,	PUNCT
cblr-1717	401	5	supra	supra	PROPN
cblr-1717	401	6	note	note	PROPN
cblr-1717	401	7	88	88	NUM
cblr-1717	401	8	,	,	PUNCT
cblr-1717	401	9	at	at	ADP
cblr-1717	401	10	8	8	NUM
cblr-1717	401	11	;	;	PUNCT
cblr-1717	401	12	see	see	VERB
cblr-1717	401	13	also	also	ADV
cblr-1717	401	14	frederic	frederic	PROPN
cblr-1717	401	15	w.	w.	PROPN
cblr-1717	401	16	cook	cook	PROPN
cblr-1717	401	17	&	&	CCONJ
cblr-1717	401	18	co.	co.	PROPN
cblr-1717	401	19	,	,	PUNCT
cblr-1717	401	20	inc	inc	PROPN
cblr-1717	401	21	.	.	PROPN
cblr-1717	401	22	,	,	PUNCT
cblr-1717	401	23	the	the	DET
cblr-1717	401	24	2010	2010	NUM
cblr-1717	401	25	top	top	NOUN
cblr-1717	401	26	250	250	NUM
cblr-1717	401	27	,	,	PUNCT
cblr-1717	401	28	at	at	ADP
cblr-1717	401	29	1	1	NUM
cblr-1717	401	30	,	,	PUNCT
cblr-1717	401	31	22	22	NUM
cblr-1717	401	32	(	(	PUNCT
cblr-1717	401	33	2010	2010	NUM
cblr-1717	401	34	)	)	PUNCT
cblr-1717	401	35	,	,	PUNCT
cblr-1717	401	36	http://www.fwcook.com/content/documents/publications/the_2010_top_25	http://www.fwcook.com/content/documents/publications/the_2010_top_25	PROPN
cblr-1717	401	37	0_report.pdf	0_report.pdf	PROPN
cblr-1717	402	1	[	[	X
cblr-1717	402	2	https://perma.cc/e4cf-hvbb	https://perma.cc/e4cf-hvbb	NOUN
cblr-1717	402	3	]	]	X
cblr-1717	402	4	.	.	PUNCT
cblr-1717	403	1	92	92	NUM
cblr-1717	403	2	see	see	VERB
cblr-1717	403	3	walker	walker	PROPN
cblr-1717	403	4	,	,	PUNCT
cblr-1717	403	5	supra	supra	PROPN
cblr-1717	403	6	note	note	PROPN
cblr-1717	403	7	61	61	NUM
cblr-1717	403	8	,	,	PUNCT
cblr-1717	403	9	at	at	ADP
cblr-1717	403	10	1507	1507	NUM
cblr-1717	403	11	.	.	PUNCT
cblr-1717	404	1	93	93	NUM
cblr-1717	404	2	in	in	ADP
cblr-1717	404	3	a	a	DET
cblr-1717	404	4	study	study	NOUN
cblr-1717	404	5	of	of	ADP
cblr-1717	404	6	options	option	NOUN
cblr-1717	404	7	granted	grant	VERB
cblr-1717	404	8	to	to	ADP
cblr-1717	404	9	ceos	ceo	NOUN
cblr-1717	404	10	of	of	ADP
cblr-1717	404	11	1000	1000	NUM
cblr-1717	404	12	companies	company	NOUN
cblr-1717	404	13	in	in	ADP
cblr-1717	404	14	1992	1992	NUM
cblr-1717	404	15	,	,	PUNCT
cblr-1717	404	16	kevin	kevin	PROPN
cblr-1717	404	17	murphy	murphy	PROPN
cblr-1717	404	18	found	find	VERB
cblr-1717	404	19	that	that	SCONJ
cblr-1717	404	20	only	only	ADV
cblr-1717	404	21	three	three	NUM
cblr-1717	404	22	percent	percent	NOUN
cblr-1717	404	23	were	be	AUX
cblr-1717	404	24	issued	issue	VERB
cblr-1717	404	25	in	in	ADP
cblr-1717	404	26	-	-	PUNCT
cblr-1717	404	27	the	the	DET
cblr-1717	404	28	-	-	PUNCT
cblr-1717	404	29	money	money	NOUN
cblr-1717	404	30	.	.	PUNCT
cblr-1717	405	1	kevin	kevin	PROPN
cblr-1717	405	2	j.	j.	PROPN
cblr-1717	405	3	murphy	murphy	PROPN
cblr-1717	405	4	,	,	PUNCT
cblr-1717	405	5	executive	executive	NOUN
cblr-1717	405	6	compensation	compensation	NOUN
cblr-1717	405	7	,	,	PUNCT
cblr-1717	405	8	in	in	ADP
cblr-1717	405	9	3b	3b	NUM
cblr-1717	405	10	the	the	DET
cblr-1717	405	11	handbook	handbook	NOUN
cblr-1717	405	12	of	of	ADP
cblr-1717	405	13	lab	lab	PROPN
cblr-1717	405	14	.	.	PUNCT
cblr-1717	405	15	econ	econ	PROPN
cblr-1717	405	16	.	.	PUNCT
cblr-1717	405	17	2485	2485	NUM
cblr-1717	405	18	,	,	PUNCT
cblr-1717	405	19	2508	2508	NUM
cblr-1717	405	20	(	(	PUNCT
cblr-1717	405	21	o.	o.	NOUN
cblr-1717	405	22	ashenfelter	ashenfelter	PROPN
cblr-1717	405	23	&	&	CCONJ
cblr-1717	405	24	d.	d.	PROPN
cblr-1717	405	25	card	card	PROPN
cblr-1717	405	26	eds	eds	PROPN
cblr-1717	405	27	.	.	PROPN
cblr-1717	405	28	,	,	PUNCT
cblr-1717	405	29	elsevier	elsevier	NOUN
cblr-1717	405	30	1999	1999	NUM
cblr-1717	405	31	)	)	PUNCT
cblr-1717	405	32	.	.	PUNCT
cblr-1717	406	1	in	in	ADP
cblr-1717	406	2	a	a	DET
cblr-1717	406	3	2008	2008	NUM
cblr-1717	406	4	study	study	NOUN
cblr-1717	406	5	of	of	ADP
cblr-1717	406	6	the	the	DET
cblr-1717	406	7	250	250	NUM
cblr-1717	406	8	largest	large	ADJ
cblr-1717	406	9	companies	company	NOUN
cblr-1717	406	10	included	include	VERB
cblr-1717	406	11	in	in	ADP
cblr-1717	406	12	the	the	DET
cblr-1717	406	13	s&p	s&p	PROPN
cblr-1717	406	14	500	500	NUM
cblr-1717	406	15	index	index	NOUN
cblr-1717	406	16	,	,	PUNCT
cblr-1717	406	17	frederick	frederick	PROPN
cblr-1717	406	18	w.	w.	PROPN
cblr-1717	406	19	cook	cook	PROPN
cblr-1717	406	20	&	&	CCONJ
cblr-1717	406	21	co.	co.	PROPN
cblr-1717	406	22	found	find	VERB
cblr-1717	406	23	no	no	DET
cblr-1717	406	24	instances	instance	NOUN
cblr-1717	406	25	of	of	ADP
cblr-1717	406	26	discounted	discount	VERB
cblr-1717	406	27	options	option	NOUN
cblr-1717	406	28	;	;	PUNCT
cblr-1717	406	29	cook	cook	VERB
cblr-1717	406	30	’s	’s	PART
cblr-1717	406	31	later	later	ADJ
cblr-1717	406	32	studies	study	NOUN
cblr-1717	406	33	omit	omit	VERB
cblr-1717	406	34	the	the	DET
cblr-1717	406	35	category	category	NOUN
cblr-1717	406	36	of	of	ADP
cblr-1717	406	37	discounted	discount	VERB
cblr-1717	406	38	options	option	NOUN
cblr-1717	406	39	,	,	PUNCT
cblr-1717	406	40	pointing	point	VERB
cblr-1717	406	41	to	to	ADP
cblr-1717	406	42	their	their	PRON
cblr-1717	406	43	demise	demise	NOUN
cblr-1717	406	44	.	.	PUNCT
cblr-1717	407	1	the	the	DET
cblr-1717	407	2	2008	2008	NUM
cblr-1717	407	3	top	top	NOUN
cblr-1717	407	4	250	250	NUM
cblr-1717	407	5	:	:	PUNCT
cblr-1717	407	6	long	long	ADJ
cblr-1717	407	7	-	-	PUNCT
cblr-1717	407	8	term	term	NOUN
cblr-1717	407	9	incentive	incentive	NOUN
cblr-1717	407	10	grant	grant	NOUN
cblr-1717	407	11	practices	practice	NOUN
cblr-1717	407	12	for	for	ADP
cblr-1717	407	13	executives	executive	NOUN
cblr-1717	407	14	,	,	PUNCT
cblr-1717	407	15	frederic	frederic	PROPN
cblr-1717	407	16	w.	w.	PROPN
cblr-1717	407	17	cook	cook	PROPN
cblr-1717	407	18	&	&	CCONJ
cblr-1717	407	19	co.	co.	PROPN
cblr-1717	407	20	,	,	PUNCT
cblr-1717	407	21	inc	inc	PROPN
cblr-1717	407	22	.	.	PROPN
cblr-1717	407	23	6	6	NUM
cblr-1717	407	24	(	(	PUNCT
cblr-1717	407	25	2008	2008	NUM
cblr-1717	407	26	)	)	PUNCT
cblr-1717	407	27	,	,	PUNCT
cblr-1717	407	28	http://www.fwcook.com/content/documents/publications/2008_top_250.pdf	http://www.fwcook.com/content/documents/publications/2008_top_250.pdf	PROPN
cblr-1717	408	1	[	[	X
cblr-1717	408	2	https://perma.cc/5w6d-fvvf	https://perma.cc/5w6d-fvvf	X
cblr-1717	408	3	]	]	X
cblr-1717	408	4	.	.	PUNCT
cblr-1717	409	1	for	for	ADP
cblr-1717	409	2	later	later	ADJ
cblr-1717	409	3	years	year	NOUN
cblr-1717	409	4	,	,	PUNCT
cblr-1717	409	5	see	see	VERB
cblr-1717	409	6	also	also	ADV
cblr-1717	409	7	the	the	DET
cblr-1717	409	8	2009	2009	NUM
cblr-1717	409	9	top	top	NOUN
cblr-1717	409	10	250	250	NUM
cblr-1717	409	11	:	:	PUNCT
cblr-1717	409	12	long	long	ADJ
cblr-1717	409	13	-	-	PUNCT
cblr-1717	409	14	term	term	NOUN
cblr-1717	409	15	incentive	incentive	NOUN
cblr-1717	409	16	grant	grant	NOUN
cblr-1717	409	17	practices	practice	NOUN
cblr-1717	409	18	for	for	ADP
cblr-1717	409	19	executives	executive	NOUN
cblr-1717	409	20	,	,	PUNCT
cblr-1717	409	21	frederic	frederic	PROPN
cblr-1717	409	22	w.	w.	PROPN
cblr-1717	409	23	cook	cook	PROPN
cblr-1717	409	24	&	&	CCONJ
cblr-1717	409	25	co.	co.	PROPN
cblr-1717	409	26	,	,	PUNCT
cblr-1717	409	27	inc	inc	PROPN
cblr-1717	409	28	.	.	PROPN
cblr-1717	409	29	(	(	PUNCT
cblr-1717	409	30	2009	2009	NUM
cblr-1717	409	31	)	)	PUNCT
cblr-1717	409	32	,	,	PUNCT
cblr-1717	409	33	http://www.fwcook.com/content/documents/publications/	http://www.fwcook.com/content/documents/publications/	PROPN
cblr-1717	409	34	2009_top-250-report.pdf	2009_top-250-report.pdf	NOUN
cblr-1717	409	35	[	[	X
cblr-1717	409	36	https://perma.cc/ubc8-r3br	https://perma.cc/ubc8-r3br	ADJ
cblr-1717	409	37	]	]	X
cblr-1717	409	38	.	.	PUNCT
cblr-1717	410	1	94	94	NUM
cblr-1717	410	2	see	see	VERB
cblr-1717	410	3	supra	supra	PROPN
cblr-1717	410	4	section	section	NOUN
cblr-1717	410	5	ii.c.1	ii.c.1	NOUN
cblr-1717	410	6	.	.	PUNCT
cblr-1717	411	1	see	see	VERB
cblr-1717	411	2	also	also	ADV
cblr-1717	411	3	the	the	DET
cblr-1717	411	4	more	more	ADV
cblr-1717	411	5	recent	recent	ADJ
cblr-1717	411	6	development	development	NOUN
cblr-1717	411	7	in	in	ADP
cblr-1717	411	8	sutardja	sutardja	PROPN
cblr-1717	411	9	v.	v.	PROPN
cblr-1717	411	10	united	united	PROPN
cblr-1717	411	11	states	states	PROPN
cblr-1717	411	12	,	,	PUNCT
cblr-1717	411	13	109	109	NUM
cblr-1717	411	14	fed	feed	VERB
cblr-1717	411	15	.	.	PUNCT
cblr-1717	412	1	cl	cl	NOUN
cblr-1717	412	2	.	.	PUNCT
cblr-1717	413	1	358	358	NUM
cblr-1717	413	2	,	,	PUNCT
cblr-1717	413	3	369	369	NUM
cblr-1717	413	4	(	(	PUNCT
cblr-1717	413	5	2013	2013	NUM
cblr-1717	413	6	)	)	PUNCT
cblr-1717	413	7	,	,	PUNCT
cblr-1717	413	8	in	in	ADP
cblr-1717	413	9	which	which	PRON
cblr-1717	413	10	the	the	DET
cblr-1717	413	11	court	court	NOUN
cblr-1717	413	12	held	hold	VERB
cblr-1717	413	13	that	that	SCONJ
cblr-1717	413	14	discounted	discount	VERB
cblr-1717	413	15	stock	stock	NOUN
cblr-1717	413	16	options	option	NOUN
cblr-1717	413	17	are	be	AUX
cblr-1717	413	18	a	a	DET
cblr-1717	413	19	type	type	NOUN
cblr-1717	413	20	of	of	ADP
cblr-1717	413	21	deferred	defer	VERB
cblr-1717	413	22	compensation	compensation	NOUN
cblr-1717	413	23	to	to	PART
cblr-1717	413	24	which	which	PRON
cblr-1717	413	25	409a	409a	PROPN
cblr-1717	413	26	applies	apply	VERB
cblr-1717	413	27	.	.	PUNCT
cblr-1717	414	1	ades	ade	NOUN
cblr-1717	414	2	-	-	PUNCT
cblr-1717	414	3	laurent	laurent	NOUN
cblr-1717	414	4	–	–	PUNCT
cblr-1717	414	5	final	final	ADJ
cblr-1717	414	6	no	no	NOUN
cblr-1717	414	7	.	.	PUNCT
cblr-1717	415	1	1:347	1:347	NUM
cblr-1717	415	2	]	]	PUNCT
cblr-1717	415	3	disappearing	disappear	VERB
cblr-1717	415	4	stock	stock	NOUN
cblr-1717	415	5	options	option	NOUN
cblr-1717	415	6	371	371	NUM
cblr-1717	415	7	comprehensively	comprehensively	ADV
cblr-1717	415	8	covers	cover	VERB
cblr-1717	415	9	the	the	DET
cblr-1717	415	10	gamut	gamut	NOUN
cblr-1717	415	11	of	of	ADP
cblr-1717	415	12	possible	possible	ADJ
cblr-1717	415	13	components	component	NOUN
cblr-1717	415	14	of	of	ADP
cblr-1717	415	15	equity	equity	NOUN
cblr-1717	415	16	compensation	compensation	NOUN
cblr-1717	415	17	.	.	PUNCT
cblr-1717	416	1	b.	b.	PROPN
cblr-1717	416	2	evidence	evidence	NOUN
cblr-1717	416	3	on	on	ADP
cblr-1717	416	4	the	the	DET
cblr-1717	416	5	decline	decline	NOUN
cblr-1717	416	6	of	of	ADP
cblr-1717	416	7	options	option	NOUN
cblr-1717	416	8	grants	grant	NOUN
cblr-1717	416	9	as	as	ADP
cblr-1717	416	10	compensation	compensation	NOUN
cblr-1717	416	11	while	while	SCONJ
cblr-1717	416	12	the	the	DET
cblr-1717	416	13	inclusion	inclusion	NOUN
cblr-1717	416	14	of	of	ADP
cblr-1717	416	15	both	both	CCONJ
cblr-1717	416	16	stock	stock	NOUN
cblr-1717	416	17	and	and	CCONJ
cblr-1717	416	18	options	option	NOUN
cblr-1717	416	19	in	in	ADP
cblr-1717	416	20	executive	executive	ADJ
cblr-1717	416	21	compensation	compensation	NOUN
cblr-1717	416	22	suites	suit	VERB
cblr-1717	416	23	attempts	attempt	NOUN
cblr-1717	416	24	to	to	PART
cblr-1717	416	25	link	link	VERB
cblr-1717	416	26	executive	executive	ADJ
cblr-1717	416	27	interests	interest	NOUN
cblr-1717	416	28	with	with	ADP
cblr-1717	416	29	those	those	PRON
cblr-1717	416	30	of	of	ADP
cblr-1717	416	31	shareholders	shareholder	NOUN
cblr-1717	416	32	,	,	PUNCT
cblr-1717	416	33	the	the	DET
cblr-1717	416	34	two	two	NUM
cblr-1717	416	35	function	function	NOUN
cblr-1717	416	36	very	very	ADV
cblr-1717	416	37	differently	differently	ADV
cblr-1717	416	38	in	in	ADP
cblr-1717	416	39	terms	term	NOUN
cblr-1717	416	40	of	of	ADP
cblr-1717	416	41	incentives	incentive	NOUN
cblr-1717	416	42	and	and	CCONJ
cblr-1717	416	43	risks.95	risks.95	NOUN
cblr-1717	416	44	as	as	SCONJ
cblr-1717	416	45	described	describe	VERB
cblr-1717	416	46	in	in	ADP
cblr-1717	416	47	section	section	PROPN
cblr-1717	416	48	ii	ii	PROPN
cblr-1717	416	49	,	,	PUNCT
cblr-1717	416	50	congress	congress	PROPN
cblr-1717	416	51	and	and	CCONJ
cblr-1717	416	52	federal	federal	ADJ
cblr-1717	416	53	regulators	regulator	NOUN
cblr-1717	416	54	interminably	interminably	ADV
cblr-1717	416	55	legislate	legislate	VERB
cblr-1717	416	56	against	against	ADP
cblr-1717	416	57	the	the	DET
cblr-1717	416	58	use	use	NOUN
cblr-1717	416	59	of	of	ADP
cblr-1717	416	60	stock	stock	NOUN
cblr-1717	416	61	options	option	NOUN
cblr-1717	416	62	.	.	PUNCT
cblr-1717	417	1	this	this	DET
cblr-1717	417	2	section	section	NOUN
cblr-1717	417	3	describes	describe	VERB
cblr-1717	417	4	how	how	SCONJ
cblr-1717	417	5	the	the	DET
cblr-1717	417	6	equity	equity	NOUN
cblr-1717	417	7	composition	composition	NOUN
cblr-1717	417	8	of	of	ADP
cblr-1717	417	9	executive	executive	ADJ
cblr-1717	417	10	compensation	compensation	NOUN
cblr-1717	417	11	packages	package	NOUN
cblr-1717	417	12	has	have	AUX
cblr-1717	417	13	changed	change	VERB
cblr-1717	417	14	over	over	ADP
cblr-1717	417	15	the	the	DET
cblr-1717	417	16	past	past	ADJ
cblr-1717	417	17	decade	decade	NOUN
cblr-1717	417	18	in	in	ADP
cblr-1717	417	19	favor	favor	NOUN
cblr-1717	417	20	of	of	ADP
cblr-1717	417	21	stock	stock	NOUN
cblr-1717	417	22	compensation	compensation	NOUN
cblr-1717	417	23	.	.	PUNCT
cblr-1717	418	1	1	1	X
cblr-1717	418	2	.	.	X
cblr-1717	418	3	aggregate	aggregate	ADJ
cblr-1717	418	4	increase	increase	NOUN
cblr-1717	418	5	in	in	ADP
cblr-1717	418	6	stock	stock	NOUN
cblr-1717	418	7	and	and	CCONJ
cblr-1717	418	8	decrease	decrease	NOUN
cblr-1717	418	9	in	in	ADP
cblr-1717	418	10	option	option	NOUN
cblr-1717	418	11	compensation	compensation	NOUN
cblr-1717	418	12	over	over	ADP
cblr-1717	418	13	the	the	DET
cblr-1717	418	14	last	last	ADJ
cblr-1717	418	15	ten	ten	NUM
cblr-1717	418	16	years	year	NOUN
cblr-1717	418	17	,	,	PUNCT
cblr-1717	418	18	there	there	PRON
cblr-1717	418	19	has	have	AUX
cblr-1717	418	20	been	be	AUX
cblr-1717	418	21	a	a	DET
cblr-1717	418	22	significant	significant	ADJ
cblr-1717	418	23	reduction	reduction	NOUN
cblr-1717	418	24	in	in	ADP
cblr-1717	418	25	option	option	NOUN
cblr-1717	418	26	compensation	compensation	NOUN
cblr-1717	418	27	and	and	CCONJ
cblr-1717	418	28	a	a	DET
cblr-1717	418	29	sharp	sharp	ADJ
cblr-1717	418	30	increase	increase	NOUN
cblr-1717	418	31	in	in	ADP
cblr-1717	418	32	stock	stock	NOUN
cblr-1717	418	33	compensation	compensation	NOUN
cblr-1717	418	34	in	in	ADP
cblr-1717	418	35	executive	executive	ADJ
cblr-1717	418	36	pay	pay	NOUN
cblr-1717	418	37	packages	package	NOUN
cblr-1717	418	38	.	.	PUNCT
cblr-1717	419	1	the	the	DET
cblr-1717	419	2	following	follow	VERB
cblr-1717	419	3	tables	table	NOUN
cblr-1717	419	4	compare	compare	VERB
cblr-1717	419	5	the	the	DET
cblr-1717	419	6	aggregate	aggregate	ADJ
cblr-1717	419	7	contribution	contribution	NOUN
cblr-1717	419	8	of	of	ADP
cblr-1717	419	9	stock	stock	NOUN
cblr-1717	419	10	options	option	NOUN
cblr-1717	419	11	and	and	CCONJ
cblr-1717	419	12	stock	stock	NOUN
cblr-1717	419	13	to	to	PART
cblr-1717	419	14	total	total	VERB
cblr-1717	419	15	senior	senior	ADJ
cblr-1717	419	16	executive	executive	ADJ
cblr-1717	419	17	pay	pay	NOUN
cblr-1717	419	18	at	at	ADP
cblr-1717	419	19	public	public	ADJ
cblr-1717	419	20	companies	company	NOUN
cblr-1717	419	21	for	for	ADP
cblr-1717	419	22	which	which	PRON
cblr-1717	419	23	executive	executive	ADJ
cblr-1717	419	24	pay	pay	NOUN
cblr-1717	419	25	data	datum	NOUN
cblr-1717	419	26	is	be	AUX
cblr-1717	419	27	available	available	ADJ
cblr-1717	419	28	between	between	ADP
cblr-1717	419	29	2006	2006	NUM
cblr-1717	419	30	and	and	CCONJ
cblr-1717	419	31	2014.96	2014.96	NUM
cblr-1717	419	32	figure	figure	NOUN
cblr-1717	419	33	1	1	NUM
cblr-1717	419	34	and	and	CCONJ
cblr-1717	419	35	table	table	NOUN
cblr-1717	419	36	1	1	NUM
cblr-1717	419	37	both	both	PRON
cblr-1717	419	38	track	track	VERB
cblr-1717	419	39	the	the	DET
cblr-1717	419	40	changes	change	NOUN
cblr-1717	419	41	in	in	ADP
cblr-1717	419	42	option	option	NOUN
cblr-1717	419	43	compensation	compensation	NOUN
cblr-1717	419	44	,	,	PUNCT
cblr-1717	419	45	stock	stock	NOUN
cblr-1717	419	46	compensation	compensation	NOUN
cblr-1717	419	47	,	,	PUNCT
cblr-1717	419	48	and	and	CCONJ
cblr-1717	419	49	total	total	ADJ
cblr-1717	419	50	equity	equity	NOUN
cblr-1717	419	51	compensation	compensation	NOUN
cblr-1717	419	52	as	as	ADP
cblr-1717	419	53	percentages	percentage	NOUN
cblr-1717	419	54	of	of	ADP
cblr-1717	419	55	total	total	ADJ
cblr-1717	419	56	compensation	compensation	NOUN
cblr-1717	419	57	for	for	ADP
cblr-1717	419	58	the	the	DET
cblr-1717	419	59	years	year	NOUN
cblr-1717	419	60	between	between	ADP
cblr-1717	419	61	2006	2006	NUM
cblr-1717	419	62	and	and	CCONJ
cblr-1717	419	63	2014	2014	NUM
cblr-1717	419	64	.	.	PUNCT
cblr-1717	420	1	figure	figure	NOUN
cblr-1717	420	2	1	1	NUM
cblr-1717	420	3	visually	visually	ADV
cblr-1717	420	4	depicts	depict	VERB
cblr-1717	420	5	the	the	DET
cblr-1717	420	6	trend	trend	NOUN
cblr-1717	420	7	,	,	PUNCT
cblr-1717	420	8	while	while	SCONJ
cblr-1717	420	9	table	table	NOUN
cblr-1717	420	10	1	1	NUM
cblr-1717	420	11	numerically	numerically	ADV
cblr-1717	420	12	describes	describe	VERB
cblr-1717	420	13	both	both	CCONJ
cblr-1717	420	14	the	the	DET
cblr-1717	420	15	absolute	absolute	ADJ
cblr-1717	420	16	changes	change	NOUN
cblr-1717	420	17	in	in	ADP
cblr-1717	420	18	equity	equity	NOUN
cblr-1717	420	19	compensation	compensation	NOUN
cblr-1717	420	20	as	as	ADV
cblr-1717	420	21	well	well	ADV
cblr-1717	420	22	as	as	ADP
cblr-1717	420	23	the	the	DET
cblr-1717	420	24	rate	rate	NOUN
cblr-1717	420	25	of	of	ADP
cblr-1717	420	26	change	change	NOUN
cblr-1717	420	27	for	for	ADP
cblr-1717	420	28	each	each	DET
cblr-1717	420	29	component	component	NOUN
cblr-1717	420	30	of	of	ADP
cblr-1717	420	31	equity	equity	NOUN
cblr-1717	420	32	pay	pay	NOUN
cblr-1717	420	33	.	.	PUNCT
cblr-1717	421	1	95	95	NUM
cblr-1717	421	2	see	see	NOUN
cblr-1717	421	3	infra	infra	NOUN
cblr-1717	421	4	section	section	NOUN
cblr-1717	421	5	iv	iv	NOUN
cblr-1717	421	6	.	.	PROPN
cblr-1717	421	7	96	96	NUM
cblr-1717	421	8	as	as	SCONJ
cblr-1717	421	9	discussed	discuss	VERB
cblr-1717	421	10	earlier	early	ADV
cblr-1717	421	11	in	in	ADP
cblr-1717	421	12	this	this	DET
cblr-1717	421	13	section	section	NOUN
cblr-1717	421	14	,	,	PUNCT
cblr-1717	421	15	the	the	DET
cblr-1717	421	16	analysis	analysis	NOUN
cblr-1717	421	17	is	be	AUX
cblr-1717	421	18	limited	limit	VERB
cblr-1717	421	19	to	to	ADP
cblr-1717	421	20	the	the	DET
cblr-1717	421	21	group	group	NOUN
cblr-1717	421	22	of	of	ADP
cblr-1717	421	23	companies	company	NOUN
cblr-1717	421	24	listed	list	VERB
cblr-1717	421	25	on	on	ADP
cblr-1717	421	26	s&p	s&p	PROPN
cblr-1717	421	27	’s	’s	PART
cblr-1717	421	28	compustat	compustat	NOUN
cblr-1717	421	29	database	database	NOUN
cblr-1717	421	30	and	and	CCONJ
cblr-1717	421	31	by	by	ADP
cblr-1717	421	32	the	the	DET
cblr-1717	421	33	inaccurate	inaccurate	ADJ
cblr-1717	421	34	basis	basis	NOUN
cblr-1717	421	35	for	for	ADP
cblr-1717	421	36	comparison	comparison	NOUN
cblr-1717	421	37	for	for	ADP
cblr-1717	421	38	the	the	DET
cblr-1717	421	39	years	year	NOUN
cblr-1717	421	40	prior	prior	ADV
cblr-1717	421	41	to	to	ADP
cblr-1717	421	42	2006	2006	NUM
cblr-1717	421	43	.	.	PUNCT
cblr-1717	422	1	ades	ade	NOUN
cblr-1717	422	2	-	-	PUNCT
cblr-1717	422	3	laurent	laurent	NOUN
cblr-1717	422	4	–	–	PUNCT
cblr-1717	422	5	final	final	ADJ
cblr-1717	422	6	372	372	NUM
cblr-1717	422	7	columbia	columbia	PROPN
cblr-1717	422	8	business	business	NOUN
cblr-1717	422	9	law	law	PROPN
cblr-1717	422	10	review	review	NOUN
cblr-1717	423	1	[	[	X
cblr-1717	423	2	vol	vol	NOUN
cblr-1717	423	3	.	.	NOUN
cblr-1717	423	4	2017	2017	NUM
cblr-1717	423	5	figure	figure	NOUN
cblr-1717	423	6	1	1	NUM
cblr-1717	423	7	table	table	NOUN
cblr-1717	423	8	1	1	NUM
cblr-1717	423	9	97	97	NUM
cblr-1717	423	10	this	this	DET
cblr-1717	423	11	row	row	NOUN
cblr-1717	423	12	is	be	AUX
cblr-1717	423	13	the	the	DET
cblr-1717	423	14	result	result	NOUN
cblr-1717	423	15	of	of	ADP
cblr-1717	423	16	a	a	DET
cblr-1717	423	17	paired	pair	VERB
cblr-1717	423	18	t	t	NOUN
cblr-1717	423	19	-	-	PUNCT
cblr-1717	423	20	test	test	NOUN
cblr-1717	423	21	comparing	compare	VERB
cblr-1717	423	22	the	the	DET
cblr-1717	423	23	two	two	NUM
cblr-1717	423	24	means	mean	NOUN
cblr-1717	423	25	using	use	VERB
cblr-1717	423	26	stata	stata	PROPN
cblr-1717	423	27	’s	’s	PART
cblr-1717	423	28	t	t	PROPN
cblr-1717	423	29	-	-	PUNCT
cblr-1717	423	30	test	test	NOUN
cblr-1717	423	31	command	command	NOUN
cblr-1717	423	32	.	.	PUNCT
cblr-1717	424	1	the	the	DET
cblr-1717	424	2	results	result	NOUN
cblr-1717	424	3	show	show	VERB
cblr-1717	424	4	that	that	SCONJ
cblr-1717	424	5	while	while	SCONJ
cblr-1717	424	6	the	the	DET
cblr-1717	424	7	stocks	stock	NOUN
cblr-1717	424	8	and	and	CCONJ
cblr-1717	424	9	options	option	NOUN
cblr-1717	424	10	given	give	VERB
cblr-1717	424	11	out	out	ADP
cblr-1717	424	12	were	be	AUX
cblr-1717	424	13	relatively	relatively	ADV
cblr-1717	424	14	similar	similar	ADJ
cblr-1717	424	15	in	in	ADP
cblr-1717	424	16	2006	2006	NUM
cblr-1717	424	17	,	,	PUNCT
cblr-1717	424	18	only	only	ADV
cblr-1717	424	19	one	one	NUM
cblr-1717	424	20	year	year	NOUN
cblr-1717	424	21	later	later	ADV
cblr-1717	424	22	the	the	DET
cblr-1717	424	23	averages	average	NOUN
cblr-1717	424	24	diverged	diverge	VERB
cblr-1717	424	25	in	in	ADP
cblr-1717	424	26	a	a	DET
cblr-1717	424	27	statistically	statistically	ADV
cblr-1717	424	28	meaningful	meaningful	ADJ
cblr-1717	424	29	way	way	NOUN
cblr-1717	424	30	.	.	PUNCT
cblr-1717	425	1	although	although	SCONJ
cblr-1717	425	2	a	a	DET
cblr-1717	425	3	more	more	ADV
cblr-1717	425	4	nuanced	nuanced	ADJ
cblr-1717	425	5	statistical	statistical	ADJ
cblr-1717	425	6	analysis	analysis	NOUN
cblr-1717	425	7	(	(	PUNCT
cblr-1717	425	8	e.g.	e.g.	ADV
cblr-1717	425	9	,	,	PUNCT
cblr-1717	425	10	a	a	DET
cblr-1717	425	11	multivariable	multivariable	ADJ
cblr-1717	425	12	analysis	analysis	NOUN
cblr-1717	425	13	)	)	PUNCT
cblr-1717	425	14	could	could	AUX
cblr-1717	425	15	be	be	AUX
cblr-1717	425	16	performed	perform	VERB
cblr-1717	425	17	,	,	PUNCT
cblr-1717	425	18	such	such	DET
cblr-1717	425	19	an	an	DET
cblr-1717	425	20	analysis	analysis	NOUN
cblr-1717	425	21	would	would	AUX
cblr-1717	425	22	require	require	VERB
cblr-1717	425	23	significant	significant	ADJ
cblr-1717	425	24	controls	control	NOUN
cblr-1717	425	25	to	to	PART
cblr-1717	425	26	address	address	VERB
cblr-1717	425	27	problems	problem	NOUN
cblr-1717	425	28	such	such	ADJ
cblr-1717	425	29	as	as	ADP
cblr-1717	425	30	the	the	DET
cblr-1717	425	31	omitted	omit	VERB
cblr-1717	425	32	variable	variable	ADJ
cblr-1717	425	33	bias	bias	NOUN
cblr-1717	425	34	.	.	PUNCT
cblr-1717	426	1	because	because	SCONJ
cblr-1717	426	2	the	the	DET
cblr-1717	426	3	purpose	purpose	NOUN
cblr-1717	426	4	of	of	ADP
cblr-1717	426	5	this	this	DET
cblr-1717	426	6	note	note	NOUN
cblr-1717	426	7	is	be	AUX
cblr-1717	426	8	merely	merely	ADV
cblr-1717	426	9	to	to	PART
cblr-1717	426	10	document	document	VERB
cblr-1717	426	11	the	the	DET
cblr-1717	426	12	changes	change	NOUN
cblr-1717	426	13	in	in	ADP
cblr-1717	426	14	equity	equity	NOUN
cblr-1717	426	15	compensation	compensation	NOUN
cblr-1717	426	16	,	,	PUNCT
cblr-1717	426	17	rather	rather	ADV
cblr-1717	426	18	than	than	SCONJ
cblr-1717	426	19	explain	explain	VERB
cblr-1717	426	20	its	its	PRON
cblr-1717	426	21	determinants	determinant	NOUN
cblr-1717	426	22	,	,	PUNCT
cblr-1717	426	23	this	this	DET
cblr-1717	426	24	t	t	NOUN
cblr-1717	426	25	-	-	PUNCT
cblr-1717	426	26	test	test	NOUN
cblr-1717	426	27	is	be	AUX
cblr-1717	426	28	the	the	DET
cblr-1717	426	29	appropriate	appropriate	ADJ
cblr-1717	426	30	analysis	analysis	NOUN
cblr-1717	426	31	.	.	PUNCT
cblr-1717	427	1	0.00	0.00	NUM
cblr-1717	427	2	%	%	NOUN
cblr-1717	427	3	10.00	10.00	NUM
cblr-1717	427	4	%	%	NOUN
cblr-1717	427	5	20.00	20.00	NUM
cblr-1717	427	6	%	%	NOUN
cblr-1717	427	7	30.00	30.00	NUM
cblr-1717	427	8	%	%	NOUN
cblr-1717	427	9	40.00	40.00	NUM
cblr-1717	427	10	%	%	NOUN
cblr-1717	427	11	20	20	NUM
cblr-1717	427	12	06	06	NUM
cblr-1717	427	13	20	20	NUM
cblr-1717	427	14	07	07	NUM
cblr-1717	427	15	20	20	NUM
cblr-1717	427	16	08	08	NUM
cblr-1717	427	17	20	20	NUM
cblr-1717	427	18	09	09	NUM
cblr-1717	427	19	20	20	NUM
cblr-1717	427	20	10	10	NUM
cblr-1717	427	21	20	20	NUM
cblr-1717	427	22	11	11	NUM
cblr-1717	427	23	20	20	NUM
cblr-1717	427	24	12	12	NUM
cblr-1717	427	25	20	20	NUM
cblr-1717	427	26	13	13	NUM
cblr-1717	427	27	20	20	NUM
cblr-1717	427	28	14	14	NUM
cblr-1717	427	29	pe	pe	INTJ
cblr-1717	427	30	rc	rc	PROPN
cblr-1717	427	31	en	en	X
cblr-1717	427	32	ta	ta	X
cblr-1717	427	33	ge	ge	PROPN
cblr-1717	428	1	o	o	PROPN
cblr-1717	429	1	f	f	X
cblr-1717	429	2	t	t	PROPN
cblr-1717	429	3	ot	ot	INTJ
cblr-1717	430	1	al	al	PROPN
cblr-1717	430	2	c	c	PROPN
cblr-1717	430	3	om	om	INTJ
cblr-1717	430	4	pe	pe	INTJ
cblr-1717	430	5	ns	ns	INTJ
cblr-1717	430	6	at	at	ADP
cblr-1717	430	7	io	io	PROPN
cblr-1717	430	8	n	n	PRON
cblr-1717	430	9	year	year	NOUN
cblr-1717	430	10	overall	overall	ADJ
cblr-1717	430	11	equity	equity	NOUN
cblr-1717	430	12	pay	pay	NOUN
cblr-1717	430	13	composition	composition	NOUN
cblr-1717	430	14	of	of	ADP
cblr-1717	430	15	executive	executive	ADJ
cblr-1717	430	16	compensation	compensation	NOUN
cblr-1717	430	17	packages	package	NOUN
cblr-1717	430	18	opt%(total	opt%(total	NOUN
cblr-1717	430	19	)	)	PUNCT
cblr-1717	430	20	rst%(total	rst%(total	NOUN
cblr-1717	430	21	)	)	PUNCT
cblr-1717	430	22	2006	2006	NUM
cblr-1717	430	23	2007	2007	NUM
cblr-1717	430	24	2008	2008	NUM
cblr-1717	430	25	2009	2009	NUM
cblr-1717	430	26	2010	2010	NUM
cblr-1717	430	27	2011	2011	NUM
cblr-1717	430	28	2012	2012	NUM
cblr-1717	430	29	2013	2013	NUM
cblr-1717	430	30	2014	2014	NUM
cblr-1717	430	31	option	option	NOUN
cblr-1717	430	32	12.57	12.57	NUM
cblr-1717	430	33	%	%	NOUN
cblr-1717	430	34	15.24	15.24	NUM
cblr-1717	430	35	%	%	NOUN
cblr-1717	430	36	14.90	14.90	NUM
cblr-1717	430	37	%	%	NOUN
cblr-1717	430	38	13.31	13.31	NUM
cblr-1717	430	39	%	%	NOUN
cblr-1717	430	40	12.79	12.79	NUM
cblr-1717	430	41	%	%	NOUN
cblr-1717	430	42	12.47	12.47	NUM
cblr-1717	430	43	%	%	NOUN
cblr-1717	430	44	10.96	10.96	NUM
cblr-1717	430	45	%	%	NOUN
cblr-1717	430	46	10.71	10.71	NUM
cblr-1717	430	47	%	%	NOUN
cblr-1717	430	48	9.98	9.98	NUM
cblr-1717	430	49	%	%	NOUN
cblr-1717	430	50	change	change	NOUN
cblr-1717	430	51	2.67	2.67	NUM
cblr-1717	430	52	%	%	NOUN
cblr-1717	430	53	-0.34	-0.34	NOUN
cblr-1717	430	54	%	%	NOUN
cblr-1717	430	55	-1.59	-1.59	NUM
cblr-1717	431	1	%	%	NOUN
cblr-1717	432	1	-0.41	-0.41	NUM
cblr-1717	432	2	%	%	NOUN
cblr-1717	432	3	0.32	0.32	NUM
cblr-1717	432	4	%	%	NOUN
cblr-1717	432	5	-1.51	-1.51	NUM
cblr-1717	432	6	%	%	NOUN
cblr-1717	433	1	-0.2	-0.2	NUM
cblr-1717	433	2	%	%	NOUN
cblr-1717	433	3	-0.73	-0.73	NOUN
cblr-1717	433	4	%	%	NOUN
cblr-1717	433	5	stock	stock	NOUN
cblr-1717	433	6	14.38	14.38	NUM
cblr-1717	433	7	%	%	NOUN
cblr-1717	433	8	22.80	22.80	NUM
cblr-1717	433	9	%	%	NOUN
cblr-1717	433	10	23.64	23.64	NUM
cblr-1717	433	11	%	%	NOUN
cblr-1717	433	12	21.80	21.80	NUM
cblr-1717	433	13	%	%	NOUN
cblr-1717	433	14	24.27	24.27	NUM
cblr-1717	433	15	%	%	NOUN
cblr-1717	433	16	27.10	27.10	NUM
cblr-1717	433	17	%	%	NOUN
cblr-1717	433	18	28.56	28.56	NUM
cblr-1717	433	19	%	%	NOUN
cblr-1717	433	20	32.18	32.18	NUM
cblr-1717	433	21	%	%	NOUN
cblr-1717	433	22	34.24	34.24	NUM
cblr-1717	433	23	%	%	NOUN
cblr-1717	433	24	change	change	NOUN
cblr-1717	433	25	8.42	8.42	NUM
cblr-1717	433	26	%	%	NOUN
cblr-1717	433	27	0.84	0.84	NUM
cblr-1717	433	28	%	%	NOUN
cblr-1717	433	29	-1.84	-1.84	NOUN
cblr-1717	433	30	%	%	NOUN
cblr-1717	433	31	2.47	2.47	NUM
cblr-1717	433	32	%	%	NOUN
cblr-1717	433	33	2.83	2.83	NUM
cblr-1717	433	34	%	%	NOUN
cblr-1717	433	35	1.46	1.46	NUM
cblr-1717	433	36	%	%	NOUN
cblr-1717	433	37	3.62	3.62	NUM
cblr-1717	433	38	%	%	NOUN
cblr-1717	433	39	2.06	2.06	NUM
cblr-1717	433	40	%	%	NOUN
cblr-1717	433	41	total	total	NOUN
cblr-1717	433	42	26.95	26.95	NUM
cblr-1717	433	43	%	%	NOUN
cblr-1717	433	44	38.04	38.04	NUM
cblr-1717	433	45	%	%	NOUN
cblr-1717	433	46	38.54	38.54	NUM
cblr-1717	433	47	%	%	NOUN
cblr-1717	433	48	35.11	35.11	NUM
cblr-1717	433	49	%	%	NOUN
cblr-1717	433	50	37.06	37.06	NUM
cblr-1717	433	51	%	%	NOUN
cblr-1717	433	52	39.57	39.57	NUM
cblr-1717	433	53	%	%	NOUN
cblr-1717	433	54	39.52	39.52	NUM
cblr-1717	433	55	%	%	NOUN
cblr-1717	433	56	42.89	42.89	NUM
cblr-1717	433	57	%	%	NOUN
cblr-1717	433	58	44.22	44.22	NUM
cblr-1717	433	59	%	%	NOUN
cblr-1717	433	60	change	change	NOUN
cblr-1717	433	61	11.09	11.09	NUM
cblr-1717	433	62	%	%	NOUN
cblr-1717	433	63	0.50	0.50	NUM
cblr-1717	433	64	%	%	NOUN
cblr-1717	433	65	-3.43	-3.43	NOUN
cblr-1717	433	66	%	%	NOUN
cblr-1717	433	67	1.95	1.95	NUM
cblr-1717	433	68	%	%	NOUN
cblr-1717	433	69	2.51	2.51	NUM
cblr-1717	433	70	%	%	NOUN
cblr-1717	433	71	-0.05	-0.05	NUM
cblr-1717	433	72	%	%	NOUN
cblr-1717	433	73	3.37	3.37	NUM
cblr-1717	433	74	%	%	NOUN
cblr-1717	433	75	1.33	1.33	NUM
cblr-1717	433	76	%	%	NOUN
cblr-1717	433	77	probability	probability	NOUN
cblr-1717	433	78	of	of	ADP
cblr-1717	433	79	statistical	statistical	ADJ
cblr-1717	433	80	similarity97	similarity97	NOUN
cblr-1717	433	81	2.79	2.79	NUM
cblr-1717	433	82	%	%	NOUN
cblr-1717	433	83	0	0	NUM
cblr-1717	433	84	%	%	NOUN
cblr-1717	433	85	0	0	NUM
cblr-1717	433	86	%	%	NOUN
cblr-1717	433	87	0	0	NUM
cblr-1717	433	88	%	%	NOUN
cblr-1717	433	89	0	0	NUM
cblr-1717	433	90	%	%	NOUN
cblr-1717	433	91	0	0	NUM
cblr-1717	433	92	%	%	NOUN
cblr-1717	433	93	0	0	NUM
cblr-1717	433	94	%	%	NOUN
cblr-1717	433	95	0	0	NUM
cblr-1717	433	96	%	%	NOUN
cblr-1717	433	97	0	0	NUM
cblr-1717	433	98	%	%	NOUN
cblr-1717	433	99	ades	ade	NOUN
cblr-1717	433	100	-	-	PUNCT
cblr-1717	433	101	laurent	laurent	NOUN
cblr-1717	433	102	–	–	PUNCT
cblr-1717	433	103	final	final	ADJ
cblr-1717	433	104	no	no	NOUN
cblr-1717	433	105	.	.	PUNCT
cblr-1717	434	1	1:347	1:347	NUM
cblr-1717	434	2	]	]	PUNCT
cblr-1717	434	3	disappearing	disappear	VERB
cblr-1717	434	4	stock	stock	NOUN
cblr-1717	434	5	options	option	NOUN
cblr-1717	434	6	373	373	NUM
cblr-1717	434	7	as	as	ADP
cblr-1717	434	8	figure	figure	NOUN
cblr-1717	434	9	1	1	NUM
cblr-1717	434	10	depicts	depict	NOUN
cblr-1717	434	11	,	,	PUNCT
cblr-1717	434	12	options	option	NOUN
cblr-1717	434	13	and	and	CCONJ
cblr-1717	434	14	stock	stock	NOUN
cblr-1717	434	15	accounted	account	VERB
cblr-1717	434	16	for	for	ADP
cblr-1717	434	17	virtually	virtually	ADV
cblr-1717	434	18	the	the	DET
cblr-1717	434	19	same	same	ADJ
cblr-1717	434	20	percentage	percentage	NOUN
cblr-1717	434	21	of	of	ADP
cblr-1717	434	22	the	the	DET
cblr-1717	434	23	aggregate	aggregate	ADJ
cblr-1717	434	24	value	value	NOUN
cblr-1717	434	25	of	of	ADP
cblr-1717	434	26	senior	senior	ADJ
cblr-1717	434	27	executive	executive	ADJ
cblr-1717	434	28	pay	pay	NOUN
cblr-1717	434	29	in	in	ADP
cblr-1717	434	30	2006	2006	NUM
cblr-1717	434	31	—	—	PUNCT
cblr-1717	434	32	just	just	ADV
cblr-1717	434	33	before	before	SCONJ
cblr-1717	434	34	the	the	DET
cblr-1717	434	35	implementation	implementation	NOUN
cblr-1717	434	36	of	of	ADP
cblr-1717	434	37	the	the	DET
cblr-1717	434	38	change	change	NOUN
cblr-1717	434	39	in	in	ADP
cblr-1717	434	40	the	the	DET
cblr-1717	434	41	tax	tax	NOUN
cblr-1717	434	42	and	and	CCONJ
cblr-1717	434	43	accounting	accounting	NOUN
cblr-1717	434	44	rules.98	rules.98	NOUN
cblr-1717	434	45	options	option	NOUN
cblr-1717	434	46	accounted	account	VERB
cblr-1717	434	47	for	for	ADP
cblr-1717	434	48	12.5	12.5	NUM
cblr-1717	434	49	%	%	NOUN
cblr-1717	434	50	,	,	PUNCT
cblr-1717	434	51	and	and	CCONJ
cblr-1717	434	52	stock	stock	NOUN
cblr-1717	434	53	accounted	account	VERB
cblr-1717	434	54	for	for	ADP
cblr-1717	434	55	14%.99	14%.99	PROPN
cblr-1717	434	56	david	david	PROPN
cblr-1717	434	57	walker	walker	PROPN
cblr-1717	434	58	’s	’s	PART
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cblr-1717	434	60	analysis	analysis	NOUN
cblr-1717	434	61	on	on	ADP
cblr-1717	434	62	the	the	DET
cblr-1717	434	63	make	make	VERB
cblr-1717	434	64	-	-	PUNCT
cblr-1717	434	65	up	up	NOUN
cblr-1717	434	66	of	of	ADP
cblr-1717	434	67	pay	pay	NOUN
cblr-1717	434	68	packages	package	NOUN
cblr-1717	434	69	of	of	ADP
cblr-1717	434	70	senior	senior	ADJ
cblr-1717	434	71	executives	executive	NOUN
cblr-1717	434	72	at	at	ADP
cblr-1717	434	73	s&p	s&p	PROPN
cblr-1717	434	74	500	500	NUM
cblr-1717	434	75	companies	company	NOUN
cblr-1717	434	76	shows	show	VERB
cblr-1717	434	77	that	that	SCONJ
cblr-1717	434	78	prior	prior	ADV
cblr-1717	434	79	to	to	ADP
cblr-1717	434	80	2002	2002	NUM
cblr-1717	434	81	,	,	PUNCT
cblr-1717	434	82	stock	stock	NOUN
cblr-1717	434	83	had	have	AUX
cblr-1717	434	84	never	never	ADV
cblr-1717	434	85	accounted	account	VERB
cblr-1717	434	86	for	for	ADP
cblr-1717	434	87	more	more	ADJ
cblr-1717	434	88	than	than	ADP
cblr-1717	434	89	15	15	NUM
cblr-1717	434	90	%	%	NOUN
cblr-1717	434	91	of	of	ADP
cblr-1717	434	92	total	total	NOUN
cblr-1717	434	93	ex	ex	X
cblr-1717	434	94	ante	ante	NOUN
cblr-1717	434	95	compensation.100	compensation.100	NOUN
cblr-1717	434	96	in	in	ADP
cblr-1717	434	97	2007	2007	NUM
cblr-1717	434	98	,	,	PUNCT
cblr-1717	434	99	however	however	ADV
cblr-1717	434	100	,	,	PUNCT
cblr-1717	434	101	immediately	immediately	ADV
cblr-1717	434	102	after	after	SCONJ
cblr-1717	434	103	the	the	DET
cblr-1717	434	104	tax	tax	NOUN
cblr-1717	434	105	and	and	CCONJ
cblr-1717	434	106	accounting	accounting	NOUN
cblr-1717	434	107	rules	rule	NOUN
cblr-1717	434	108	came	come	VERB
cblr-1717	434	109	into	into	ADP
cblr-1717	434	110	effect	effect	NOUN
cblr-1717	434	111	,	,	PUNCT
cblr-1717	434	112	stock	stock	NOUN
cblr-1717	434	113	jumped	jump	VERB
cblr-1717	434	114	to	to	ADP
cblr-1717	434	115	almost	almost	ADV
cblr-1717	434	116	23	23	NUM
cblr-1717	434	117	%	%	NOUN
cblr-1717	434	118	of	of	ADP
cblr-1717	434	119	total	total	ADJ
cblr-1717	434	120	compensation	compensation	NOUN
cblr-1717	434	121	,	,	PUNCT
cblr-1717	434	122	an	an	DET
cblr-1717	434	123	increase	increase	NOUN
cblr-1717	434	124	of	of	ADP
cblr-1717	434	125	eight	eight	NUM
cblr-1717	434	126	percentage	percentage	NOUN
cblr-1717	434	127	points.101	points.101	NOUN
cblr-1717	434	128	from	from	ADP
cblr-1717	434	129	then	then	ADV
cblr-1717	434	130	on	on	ADV
cblr-1717	434	131	,	,	PUNCT
cblr-1717	434	132	the	the	DET
cblr-1717	434	133	contribution	contribution	NOUN
cblr-1717	434	134	of	of	ADP
cblr-1717	434	135	stock	stock	NOUN
cblr-1717	434	136	pay	pay	NOUN
cblr-1717	434	137	continued	continue	VERB
cblr-1717	434	138	to	to	PART
cblr-1717	434	139	rise	rise	VERB
cblr-1717	434	140	,	,	PUNCT
cblr-1717	434	141	reaching	reach	VERB
cblr-1717	434	142	over	over	ADP
cblr-1717	434	143	34	34	NUM
cblr-1717	434	144	%	%	NOUN
cblr-1717	434	145	of	of	ADP
cblr-1717	434	146	total	total	ADJ
cblr-1717	434	147	compensation	compensation	NOUN
cblr-1717	434	148	and	and	CCONJ
cblr-1717	434	149	almost	almost	ADV
cblr-1717	434	150	80	80	NUM
cblr-1717	434	151	%	%	NOUN
cblr-1717	434	152	of	of	ADP
cblr-1717	434	153	equity	equity	NOUN
cblr-1717	434	154	compensation	compensation	NOUN
cblr-1717	434	155	in	in	ADP
cblr-1717	434	156	2014.102	2014.102	NUM
cblr-1717	434	157	option	option	NOUN
cblr-1717	434	158	pay	pay	NOUN
cblr-1717	434	159	,	,	PUNCT
cblr-1717	434	160	on	on	ADP
cblr-1717	434	161	the	the	DET
cblr-1717	434	162	other	other	ADJ
cblr-1717	434	163	hand	hand	NOUN
cblr-1717	434	164	,	,	PUNCT
cblr-1717	434	165	steadily	steadily	ADV
cblr-1717	434	166	declined	decline	VERB
cblr-1717	434	167	since	since	SCONJ
cblr-1717	434	168	2007	2007	NUM
cblr-1717	434	169	,	,	PUNCT
cblr-1717	434	170	reaching	reach	VERB
cblr-1717	434	171	just	just	ADV
cblr-1717	434	172	below	below	ADP
cblr-1717	434	173	10	10	NUM
cblr-1717	434	174	%	%	NOUN
cblr-1717	434	175	of	of	ADP
cblr-1717	434	176	total	total	ADJ
cblr-1717	434	177	compensation	compensation	NOUN
cblr-1717	434	178	in	in	ADP
cblr-1717	434	179	2014	2014	NUM
cblr-1717	434	180	,	,	PUNCT
cblr-1717	434	181	or	or	CCONJ
cblr-1717	434	182	approximately	approximately	ADV
cblr-1717	434	183	23	23	NUM
cblr-1717	434	184	%	%	NOUN
cblr-1717	434	185	of	of	ADP
cblr-1717	434	186	equity	equity	NOUN
cblr-1717	434	187	compensation.103	compensation.103	PROPN
cblr-1717	434	188	by	by	ADP
cblr-1717	434	189	2014	2014	NUM
cblr-1717	434	190	,	,	PUNCT
cblr-1717	434	191	the	the	DET
cblr-1717	434	192	difference	difference	NOUN
cblr-1717	434	193	between	between	ADP
cblr-1717	434	194	stock	stock	NOUN
cblr-1717	434	195	and	and	CCONJ
cblr-1717	434	196	option	option	NOUN
cblr-1717	434	197	compensation	compensation	NOUN
cblr-1717	434	198	had	have	AUX
cblr-1717	434	199	widened	widen	VERB
cblr-1717	434	200	to	to	ADP
cblr-1717	434	201	over	over	ADP
cblr-1717	434	202	24	24	NUM
cblr-1717	434	203	%	%	NOUN
cblr-1717	434	204	of	of	ADP
cblr-1717	434	205	total	total	ADJ
cblr-1717	434	206	compensation.104	compensation.104	NOUN
cblr-1717	434	207	previous	previous	ADJ
cblr-1717	434	208	scholarship	scholarship	NOUN
cblr-1717	434	209	predicted	predict	VERB
cblr-1717	434	210	that	that	SCONJ
cblr-1717	434	211	overall	overall	ADJ
cblr-1717	434	212	equity	equity	NOUN
cblr-1717	434	213	pay	pay	NOUN
cblr-1717	434	214	would	would	AUX
cblr-1717	434	215	continue	continue	VERB
cblr-1717	434	216	to	to	PART
cblr-1717	434	217	rise	rise	VERB
cblr-1717	434	218	after	after	ADP
cblr-1717	434	219	the	the	DET
cblr-1717	434	220	recession	recession	NOUN
cblr-1717	434	221	of	of	ADP
cblr-1717	434	222	2008.105	2008.105	NUM
cblr-1717	434	223	these	these	DET
cblr-1717	434	224	results	result	NOUN
cblr-1717	434	225	confirm	confirm	VERB
cblr-1717	434	226	that	that	DET
cblr-1717	434	227	view	view	NOUN
cblr-1717	434	228	.	.	PUNCT
cblr-1717	435	1	in	in	ADP
cblr-1717	435	2	2008	2008	NUM
cblr-1717	435	3	,	,	PUNCT
cblr-1717	435	4	total	total	ADJ
cblr-1717	435	5	equity	equity	NOUN
cblr-1717	435	6	compensation	compensation	NOUN
cblr-1717	435	7	accounted	account	VERB
cblr-1717	435	8	for	for	ADP
cblr-1717	435	9	almost	almost	ADV
cblr-1717	435	10	39	39	NUM
cblr-1717	435	11	%	%	NOUN
cblr-1717	435	12	of	of	ADP
cblr-1717	435	13	the	the	DET
cblr-1717	435	14	value	value	NOUN
cblr-1717	435	15	of	of	ADP
cblr-1717	435	16	the	the	DET
cblr-1717	435	17	executive	executive	PROPN
cblr-1717	435	18	compensation	compensation	PROPN
cblr-1717	435	19	package.106	package.106	PROPN
cblr-1717	435	20	total	total	ADJ
cblr-1717	435	21	equity	equity	NOUN
cblr-1717	435	22	compensation	compensation	PROPN
cblr-1717	435	23	steadily	steadily	ADV
cblr-1717	435	24	increased	increase	VERB
cblr-1717	435	25	to	to	ADP
cblr-1717	435	26	over	over	ADP
cblr-1717	435	27	44	44	NUM
cblr-1717	435	28	%	%	NOUN
cblr-1717	435	29	in	in	ADP
cblr-1717	435	30	2014	2014	NUM
cblr-1717	435	31	,	,	PUNCT
cblr-1717	435	32	far	far	ADV
cblr-1717	435	33	overtaking	overtake	VERB
cblr-1717	435	34	the	the	DET
cblr-1717	435	35	pre-2008	pre-2008	NOUN
cblr-1717	435	36	levels.107	levels.107	NOUN
cblr-1717	435	37	as	as	ADP
cblr-1717	435	38	table	table	NOUN
cblr-1717	435	39	1	1	NUM
cblr-1717	435	40	shows	show	NOUN
cblr-1717	435	41	,	,	PUNCT
cblr-1717	435	42	stock	stock	NOUN
cblr-1717	435	43	compensation	compensation	NOUN
cblr-1717	435	44	generally	generally	ADV
cblr-1717	435	45	tracks	track	VERB
cblr-1717	435	46	total	total	ADJ
cblr-1717	435	47	equity	equity	NOUN
cblr-1717	435	48	compensation	compensation	NOUN
cblr-1717	435	49	.	.	PUNCT
cblr-1717	436	1	thus	thus	ADV
cblr-1717	436	2	,	,	PUNCT
cblr-1717	436	3	the	the	DET
cblr-1717	436	4	overall	overall	ADJ
cblr-1717	436	5	rise	rise	NOUN
cblr-1717	436	6	in	in	ADP
cblr-1717	436	7	98	98	NUM
cblr-1717	436	8	see	see	NOUN
cblr-1717	436	9	supra	supra	ADJ
cblr-1717	436	10	figure	figure	NOUN
cblr-1717	436	11	1	1	NUM
cblr-1717	436	12	.	.	NUM
cblr-1717	436	13	99	99	NUM
cblr-1717	436	14	see	see	VERB
cblr-1717	436	15	supra	supra	ADJ
cblr-1717	436	16	table	table	NOUN
cblr-1717	436	17	1	1	NUM
cblr-1717	436	18	.	.	SYM
cblr-1717	436	19	100	100	NUM
cblr-1717	436	20	see	see	VERB
cblr-1717	436	21	walker	walker	PROPN
cblr-1717	436	22	,	,	PUNCT
cblr-1717	436	23	supra	supra	PROPN
cblr-1717	436	24	note	note	PROPN
cblr-1717	436	25	86	86	NUM
cblr-1717	436	26	,	,	PUNCT
cblr-1717	436	27	at	at	ADP
cblr-1717	436	28	633	633	NUM
cblr-1717	436	29	.	.	PUNCT
cblr-1717	437	1	101	101	NUM
cblr-1717	437	2	see	see	VERB
cblr-1717	437	3	supra	supra	ADJ
cblr-1717	437	4	table	table	NOUN
cblr-1717	437	5	1	1	NUM
cblr-1717	437	6	.	.	X
cblr-1717	437	7	102	102	NUM
cblr-1717	438	1	i	i	PRON
cblr-1717	438	2	d.	d.	PROPN
cblr-1717	438	3	2009	2009	NUM
cblr-1717	438	4	is	be	AUX
cblr-1717	438	5	the	the	DET
cblr-1717	438	6	exception	exception	NOUN
cblr-1717	438	7	to	to	ADP
cblr-1717	438	8	this	this	DET
cblr-1717	438	9	trend	trend	NOUN
cblr-1717	438	10	,	,	PUNCT
cblr-1717	438	11	when	when	SCONJ
cblr-1717	438	12	total	total	ADJ
cblr-1717	438	13	equity	equity	NOUN
cblr-1717	438	14	compensation	compensation	NOUN
cblr-1717	438	15	also	also	ADV
cblr-1717	438	16	dipped	dip	VERB
cblr-1717	438	17	.	.	PUNCT
cblr-1717	439	1	103	103	NUM
cblr-1717	440	1	i	i	PRON
cblr-1717	440	2	d.	d.	PROPN
cblr-1717	440	3	104	104	NUM
cblr-1717	441	1	i	i	PRON
cblr-1717	441	2	d.	d.	PROPN
cblr-1717	441	3	105	105	NUM
cblr-1717	441	4	see	see	VERB
cblr-1717	441	5	,	,	PUNCT
cblr-1717	441	6	e.g.	e.g.	ADV
cblr-1717	441	7	,	,	PUNCT
cblr-1717	441	8	walker	walker	PROPN
cblr-1717	441	9	,	,	PUNCT
cblr-1717	441	10	supra	supra	PROPN
cblr-1717	441	11	note	note	PROPN
cblr-1717	441	12	61	61	NUM
cblr-1717	441	13	,	,	PUNCT
cblr-1717	441	14	at	at	ADP
cblr-1717	441	15	1509	1509	NUM
cblr-1717	441	16	.	.	PUNCT
cblr-1717	442	1	106	106	NUM
cblr-1717	442	2	see	see	VERB
cblr-1717	442	3	supra	supra	ADJ
cblr-1717	442	4	table	table	NOUN
cblr-1717	442	5	1	1	NUM
cblr-1717	442	6	.	.	NUM
cblr-1717	442	7	107	107	NUM
cblr-1717	443	1	i	i	PROPN
cblr-1717	443	2	d.	d.	PROPN
cblr-1717	443	3	ades	ades	PROPN
cblr-1717	443	4	-	-	PUNCT
cblr-1717	443	5	laurent	laurent	NOUN
cblr-1717	443	6	–	–	PUNCT
cblr-1717	443	7	final	final	ADJ
cblr-1717	443	8	374	374	NUM
cblr-1717	443	9	columbia	columbia	PROPN
cblr-1717	443	10	business	business	NOUN
cblr-1717	443	11	law	law	PROPN
cblr-1717	443	12	review	review	NOUN
cblr-1717	444	1	[	[	X
cblr-1717	444	2	vol	vol	NOUN
cblr-1717	444	3	.	.	NOUN
cblr-1717	444	4	2017	2017	NUM
cblr-1717	444	5	the	the	DET
cblr-1717	444	6	equity	equity	NOUN
cblr-1717	444	7	proportion	proportion	NOUN
cblr-1717	444	8	of	of	ADP
cblr-1717	444	9	total	total	ADJ
cblr-1717	444	10	compensation	compensation	NOUN
cblr-1717	444	11	can	can	AUX
cblr-1717	444	12	be	be	AUX
cblr-1717	444	13	largely	largely	ADV
cblr-1717	444	14	attributed	attribute	VERB
cblr-1717	444	15	to	to	ADP
cblr-1717	444	16	the	the	DET
cblr-1717	444	17	increase	increase	NOUN
cblr-1717	444	18	in	in	ADP
cblr-1717	444	19	stock	stock	NOUN
cblr-1717	444	20	compensation	compensation	NOUN
cblr-1717	444	21	.	.	PUNCT
cblr-1717	445	1	the	the	DET
cblr-1717	445	2	evidence	evidence	NOUN
cblr-1717	445	3	above	above	ADV
cblr-1717	445	4	suggests	suggest	VERB
cblr-1717	445	5	that	that	SCONJ
cblr-1717	445	6	firms	firm	NOUN
cblr-1717	445	7	across	across	ADP
cblr-1717	445	8	the	the	DET
cblr-1717	445	9	united	united	PROPN
cblr-1717	445	10	states	states	PROPN
cblr-1717	445	11	are	be	AUX
cblr-1717	445	12	embracing	embrace	VERB
cblr-1717	445	13	two	two	NUM
cblr-1717	445	14	themes	theme	NOUN
cblr-1717	445	15	:	:	PUNCT
cblr-1717	445	16	the	the	DET
cblr-1717	445	17	first	first	ADJ
cblr-1717	445	18	is	be	AUX
cblr-1717	445	19	pay	pay	NOUN
cblr-1717	445	20	-	-	PUNCT
cblr-1717	445	21	for	for	ADP
cblr-1717	445	22	-	-	PUNCT
cblr-1717	445	23	performance	performance	NOUN
cblr-1717	445	24	codified	codify	VERB
cblr-1717	445	25	in	in	ADP
cblr-1717	445	26	section	section	NOUN
cblr-1717	445	27	953	953	NUM
cblr-1717	445	28	of	of	ADP
cblr-1717	445	29	dodd	dodd	PROPN
cblr-1717	445	30	-	-	PUNCT
cblr-1717	445	31	frank	frank	PROPN
cblr-1717	445	32	,	,	PUNCT
cblr-1717	445	33	while	while	SCONJ
cblr-1717	445	34	the	the	DET
cblr-1717	445	35	second	second	NOUN
cblr-1717	445	36	is	be	AUX
cblr-1717	445	37	the	the	DET
cblr-1717	445	38	preference	preference	NOUN
cblr-1717	445	39	for	for	ADP
cblr-1717	445	40	conservative	conservative	ADJ
cblr-1717	445	41	behavior	behavior	NOUN
cblr-1717	445	42	.	.	PUNCT
cblr-1717	446	1	preliminary	preliminary	ADJ
cblr-1717	446	2	studies	study	NOUN
cblr-1717	446	3	on	on	ADP
cblr-1717	446	4	2015	2015	NUM
cblr-1717	446	5	suggest	suggest	VERB
cblr-1717	446	6	that	that	SCONJ
cblr-1717	446	7	the	the	DET
cblr-1717	446	8	trend	trend	NOUN
cblr-1717	446	9	continues.108	continues.108	VERB
cblr-1717	446	10	2	2	NUM
cblr-1717	446	11	.	.	PUNCT
cblr-1717	446	12	effects	effect	NOUN
cblr-1717	446	13	of	of	ADP
cblr-1717	446	14	ceo	ceo	NOUN
cblr-1717	446	15	’s	’s	PART
cblr-1717	446	16	age	age	NOUN
cblr-1717	446	17	on	on	ADP
cblr-1717	446	18	equity	equity	NOUN
cblr-1717	446	19	composition	composition	NOUN
cblr-1717	446	20	yet	yet	ADV
cblr-1717	446	21	,	,	PUNCT
cblr-1717	446	22	the	the	DET
cblr-1717	446	23	increase	increase	NOUN
cblr-1717	446	24	in	in	ADP
cblr-1717	446	25	stock	stock	NOUN
cblr-1717	446	26	compensation	compensation	NOUN
cblr-1717	446	27	could	could	AUX
cblr-1717	446	28	simply	simply	ADV
cblr-1717	446	29	be	be	AUX
cblr-1717	446	30	a	a	DET
cblr-1717	446	31	function	function	NOUN
cblr-1717	446	32	of	of	ADP
cblr-1717	446	33	executives	executive	NOUN
cblr-1717	446	34	growing	grow	VERB
cblr-1717	446	35	more	more	ADJ
cblr-1717	446	36	risk	risk	NOUN
cblr-1717	446	37	-	-	PUNCT
cblr-1717	446	38	averse	averse	ADJ
cblr-1717	446	39	as	as	SCONJ
cblr-1717	446	40	they	they	PRON
cblr-1717	446	41	age	age	VERB
cblr-1717	446	42	.	.	PUNCT
cblr-1717	447	1	prior	prior	ADJ
cblr-1717	447	2	academic	academic	ADJ
cblr-1717	447	3	scholarship	scholarship	NOUN
cblr-1717	447	4	,	,	PUNCT
cblr-1717	447	5	as	as	ADV
cblr-1717	447	6	well	well	ADV
cblr-1717	447	7	as	as	ADP
cblr-1717	447	8	formal	formal	ADJ
cblr-1717	447	9	psychological	psychological	ADJ
cblr-1717	447	10	and	and	CCONJ
cblr-1717	447	11	behavioral	behavioral	ADJ
cblr-1717	447	12	economic	economic	ADJ
cblr-1717	447	13	studies	study	NOUN
cblr-1717	447	14	,	,	PUNCT
cblr-1717	447	15	suggests	suggest	VERB
cblr-1717	447	16	that	that	SCONJ
cblr-1717	447	17	age	age	NOUN
cblr-1717	447	18	affects	affect	VERB
cblr-1717	447	19	the	the	DET
cblr-1717	447	20	risk	risk	NOUN
cblr-1717	447	21	tolerance	tolerance	NOUN
cblr-1717	447	22	of	of	ADP
cblr-1717	447	23	individuals.109	individuals.109	ADJ
cblr-1717	447	24	one	one	NUM
cblr-1717	447	25	possibility	possibility	NOUN
cblr-1717	447	26	is	be	AUX
cblr-1717	447	27	that	that	SCONJ
cblr-1717	447	28	108	108	NUM
cblr-1717	447	29	eleanor	eleanor	NOUN
cblr-1717	447	30	bloxham	bloxham	PROPN
cblr-1717	447	31	,	,	PUNCT
cblr-1717	447	32	years	year	NOUN
cblr-1717	447	33	of	of	ADP
cblr-1717	447	34	ceo	ceo	NOUN
cblr-1717	447	35	stock	stock	NOUN
cblr-1717	447	36	incentives	incentive	NOUN
cblr-1717	447	37	are	be	AUX
cblr-1717	447	38	causing	cause	VERB
cblr-1717	447	39	economic	economic	ADJ
cblr-1717	447	40	volatility	volatility	NOUN
cblr-1717	447	41	today	today	NOUN
cblr-1717	447	42	,	,	PUNCT
cblr-1717	447	43	fortune	fortune	NOUN
cblr-1717	447	44	(	(	PUNCT
cblr-1717	447	45	feb	feb	PROPN
cblr-1717	447	46	.	.	PROPN
cblr-1717	447	47	1	1	NUM
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cblr-1717	447	51	,	,	PUNCT
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cblr-1717	448	4	.	.	PUNCT
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cblr-1717	449	3	,	,	PUNCT
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cblr-1717	449	5	,	,	PUNCT
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cblr-1717	449	8	,	,	PUNCT
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cblr-1717	449	22	-	-	PUNCT
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cblr-1717	449	24	:	:	PUNCT
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cblr-1717	449	31	and	and	CCONJ
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cblr-1717	450	18	.	.	PUNCT
cblr-1717	451	1	using	use	VERB
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cblr-1717	451	3	on	on	ADP
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cblr-1717	451	5	and	and	CCONJ
cblr-1717	451	6	cfos	cfos	PROPN
cblr-1717	451	7	at	at	ADP
cblr-1717	451	8	the	the	DET
cblr-1717	451	9	s&p	s&p	PROPN
cblr-1717	451	10	1500	1500	NUM
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cblr-1717	451	12	,	,	PUNCT
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cblr-1717	451	14	found	find	VERB
cblr-1717	451	15	that	that	SCONJ
cblr-1717	451	16	executives	executive	NOUN
cblr-1717	451	17	grow	grow	VERB
cblr-1717	451	18	more	more	ADJ
cblr-1717	451	19	risk	risk	NOUN
cblr-1717	451	20	-	-	PUNCT
cblr-1717	451	21	averse	averse	ADJ
cblr-1717	451	22	with	with	ADP
cblr-1717	451	23	age	age	NOUN
cblr-1717	451	24	and	and	CCONJ
cblr-1717	451	25	may	may	AUX
cblr-1717	451	26	constrain	constrain	VERB
cblr-1717	451	27	excessive	excessive	ADJ
cblr-1717	451	28	risk	risk	NOUN
cblr-1717	451	29	-	-	PUNCT
cblr-1717	451	30	taking	taking	NOUN
cblr-1717	451	31	by	by	ADP
cblr-1717	451	32	their	their	PRON
cblr-1717	451	33	firms	firm	NOUN
cblr-1717	451	34	.	.	PUNCT
cblr-1717	452	1	see	see	VERB
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cblr-1717	452	9	,	,	PUNCT
cblr-1717	452	10	baby	baby	NOUN
cblr-1717	452	11	boom	boom	NOUN
cblr-1717	452	12	,	,	PUNCT
cblr-1717	452	13	population	population	NOUN
cblr-1717	452	14	aging	aging	NOUN
cblr-1717	452	15	,	,	PUNCT
cblr-1717	452	16	and	and	CCONJ
cblr-1717	452	17	capital	capital	NOUN
cblr-1717	452	18	markets	market	NOUN
cblr-1717	452	19	,	,	PUNCT
cblr-1717	452	20	j.	j.	PROPN
cblr-1717	452	21	bus	bus	PROPN
cblr-1717	452	22	.	.	PROPN
cblr-1717	452	23	,	,	PUNCT
cblr-1717	452	24	apr	apr	PROPN
cblr-1717	452	25	.	.	PROPN
cblr-1717	452	26	1994	1994	NUM
cblr-1717	452	27	,	,	PUNCT
cblr-1717	452	28	at	at	ADP
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cblr-1717	452	30	(	(	PUNCT
cblr-1717	452	31	finding	find	VERB
cblr-1717	452	32	a	a	DET
cblr-1717	452	33	negative	negative	ADJ
cblr-1717	452	34	relationship	relationship	NOUN
cblr-1717	452	35	between	between	ADP
cblr-1717	452	36	age	age	NOUN
cblr-1717	452	37	and	and	CCONJ
cblr-1717	452	38	risky	risky	ADJ
cblr-1717	452	39	investment	investment	NOUN
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cblr-1717	452	41	)	)	PUNCT
cblr-1717	452	42	;	;	PUNCT
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cblr-1717	452	44	k.	k.	PROPN
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cblr-1717	452	48	.	.	PROPN
cblr-1717	452	49	,	,	PUNCT
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cblr-1717	452	51	and	and	CCONJ
cblr-1717	452	52	change	change	NOUN
cblr-1717	452	53	in	in	ADP
cblr-1717	452	54	risktaking	risktake	VERB
cblr-1717	452	55	propensity	propensity	NOUN
cblr-1717	452	56	across	across	ADP
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cblr-1717	452	58	adult	adult	NOUN
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cblr-1717	452	60	,	,	PUNCT
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cblr-1717	452	64	.	.	PUNCT
cblr-1717	453	1	&	&	CCONJ
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cblr-1717	453	3	.	.	PUNCT
cblr-1717	454	1	psychol	psychol	PROPN
cblr-1717	454	2	.	.	PROPN
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cblr-1717	454	4	,	,	PUNCT
cblr-1717	454	5	436	436	NUM
cblr-1717	454	6	(	(	PUNCT
cblr-1717	454	7	sept	sept	PROPN
cblr-1717	454	8	.	.	PROPN
cblr-1717	454	9	2016	2016	NUM
cblr-1717	454	10	)	)	PUNCT
cblr-1717	454	11	(	(	PUNCT
cblr-1717	454	12	showing	show	VERB
cblr-1717	454	13	the	the	DET
cblr-1717	454	14	propensity	propensity	NOUN
cblr-1717	454	15	to	to	PART
cblr-1717	454	16	take	take	VERB
cblr-1717	454	17	risks	risk	NOUN
cblr-1717	454	18	particularly	particularly	ADV
cblr-1717	454	19	declines	decline	VERB
cblr-1717	454	20	after	after	ADP
cblr-1717	454	21	30	30	NUM
cblr-1717	454	22	in	in	ADP
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cblr-1717	454	25	and	and	CCONJ
cblr-1717	454	26	after	after	ADP
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cblr-1717	454	30	adults	adult	NOUN
cblr-1717	454	31	)	)	PUNCT
cblr-1717	454	32	;	;	PUNCT
cblr-1717	454	33	julia	julia	PROPN
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cblr-1717	454	37	.	.	PROPN
cblr-1717	454	38	,	,	PUNCT
cblr-1717	454	39	risk	risk	NOUN
cblr-1717	454	40	taking	take	VERB
cblr-1717	454	41	during	during	ADP
cblr-1717	454	42	decision	decision	NOUN
cblr-1717	454	43	-	-	PUNCT
cblr-1717	454	44	making	making	NOUN
cblr-1717	454	45	in	in	ADP
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cblr-1717	454	48	:	:	PUNCT
cblr-1717	454	49	changes	change	NOUN
cblr-1717	454	50	with	with	ADP
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cblr-1717	454	52	,	,	PUNCT
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cblr-1717	454	58	.	.	PUNCT
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cblr-1717	455	2	,	,	PUNCT
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cblr-1717	455	4	(	(	PUNCT
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cblr-1717	455	6	)	)	PUNCT
cblr-1717	455	7	(	(	PUNCT
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cblr-1717	455	11	less	less	ADV
cblr-1717	455	12	willing	willing	ADJ
cblr-1717	455	13	to	to	PART
cblr-1717	455	14	take	take	VERB
cblr-1717	455	15	risks	risk	NOUN
cblr-1717	455	16	)	)	PUNCT
cblr-1717	455	17	;	;	PUNCT
cblr-1717	455	18	don	don	PROPN
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cblr-1717	455	20	&	&	CCONJ
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cblr-1717	455	28	among	among	ADP
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cblr-1717	455	31	,	,	PUNCT
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cblr-1717	455	34	.	.	PROPN
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cblr-1717	456	2	.	.	PUNCT
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cblr-1717	457	2	.	.	PUNCT
cblr-1717	458	1	269	269	NUM
cblr-1717	458	2	,	,	PUNCT
cblr-1717	458	3	277	277	NUM
cblr-1717	458	4	(	(	PUNCT
cblr-1717	458	5	2004	2004	NUM
cblr-1717	458	6	)	)	PUNCT
cblr-1717	458	7	(	(	PUNCT
cblr-1717	458	8	finding	find	VERB
cblr-1717	458	9	older	old	ADJ
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cblr-1717	458	12	more	more	ADJ
cblr-1717	458	13	risk	risk	NOUN
cblr-1717	458	14	-	-	PUNCT
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cblr-1717	458	25	;	;	PUNCT
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cblr-1717	458	36	and	and	CCONJ
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cblr-1717	458	41	,	,	PUNCT
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cblr-1717	458	49	(	(	PUNCT
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cblr-1717	458	51	)	)	PUNCT
cblr-1717	458	52	(	(	PUNCT
cblr-1717	458	53	finding	find	VERB
cblr-1717	458	54	a	a	DET
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cblr-1717	458	58	between	between	ADP
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cblr-1717	458	60	and	and	CCONJ
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cblr-1717	458	63	-	-	PUNCT
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cblr-1717	458	70	risk	risk	NOUN
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cblr-1717	459	8	risk	risk	NOUN
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cblr-1717	459	10	and	and	CCONJ
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cblr-1717	459	13	-	-	PUNCT
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cblr-1717	459	15	–	–	PUNCT
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cblr-1717	460	9	bargain	bargain	VERB
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cblr-1717	460	13	packages	package	NOUN
cblr-1717	460	14	that	that	PRON
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cblr-1717	460	16	a	a	DET
cblr-1717	460	17	lower	low	ADJ
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cblr-1717	460	19	for	for	ADP
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cblr-1717	460	21	,	,	PUNCT
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cblr-1717	460	25	over	over	ADP
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cblr-1717	460	28	.	.	PUNCT
cblr-1717	461	1	the	the	DET
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cblr-1717	461	4	in	in	ADP
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cblr-1717	461	6	2	2	NUM
cblr-1717	461	7	,	,	PUNCT
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cblr-1717	461	9	,	,	PUNCT
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cblr-1717	461	11	that	that	SCONJ
cblr-1717	461	12	the	the	DET
cblr-1717	461	13	more	more	ADV
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cblr-1717	461	22	in	in	ADP
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cblr-1717	461	38	total	total	ADJ
cblr-1717	461	39	compensation	compensation	NOUN
cblr-1717	461	40	for	for	ADP
cblr-1717	461	41	executives	executive	NOUN
cblr-1717	461	42	under	under	ADP
cblr-1717	461	43	age	age	NOUN
cblr-1717	461	44	forty	forty	NUM
cblr-1717	461	45	-	-	PUNCT
cblr-1717	461	46	five	five	NUM
cblr-1717	461	47	and	and	CCONJ
cblr-1717	461	48	executives	executive	NOUN
cblr-1717	461	49	over	over	ADP
cblr-1717	461	50	age	age	NOUN
cblr-1717	461	51	sixty	sixty	NUM
cblr-1717	461	52	-	-	PUNCT
cblr-1717	461	53	four:111	four:111	NOUN
cblr-1717	461	54	figure	figure	NOUN
cblr-1717	461	55	2	2	NUM
cblr-1717	461	56	factors	factor	NOUN
cblr-1717	461	57	that	that	PRON
cblr-1717	461	58	affect	affect	VERB
cblr-1717	461	59	risk	risk	NOUN
cblr-1717	461	60	taking	take	VERB
cblr-1717	461	61	in	in	ADP
cblr-1717	461	62	everyday	everyday	ADJ
cblr-1717	461	63	money	money	NOUN
cblr-1717	461	64	matters	matter	NOUN
cblr-1717	461	65	,	,	PUNCT
cblr-1717	461	66	14	14	NUM
cblr-1717	461	67	j.	j.	PROPN
cblr-1717	461	68	bus	bus	PROPN
cblr-1717	461	69	.	.	PROPN
cblr-1717	461	70	&	&	CCONJ
cblr-1717	461	71	psychol	psychol	PROPN
cblr-1717	461	72	.	.	PUNCT
cblr-1717	462	1	625	625	NUM
cblr-1717	462	2	(	(	PUNCT
cblr-1717	462	3	2000	2000	NUM
cblr-1717	462	4	)	)	PUNCT
cblr-1717	463	1	(	(	PUNCT
cblr-1717	463	2	finding	find	VERB
cblr-1717	463	3	a	a	DET
cblr-1717	463	4	positive	positive	ADJ
cblr-1717	463	5	relationship	relationship	NOUN
cblr-1717	463	6	between	between	ADP
cblr-1717	463	7	age	age	NOUN
cblr-1717	463	8	and	and	CCONJ
cblr-1717	463	9	risk	risk	NOUN
cblr-1717	463	10	taking	taking	NOUN
cblr-1717	463	11	)	)	PUNCT
cblr-1717	463	12	.	.	PUNCT
cblr-1717	464	1	110	110	NUM
cblr-1717	464	2	this	this	DET
cblr-1717	464	3	analysis	analysis	NOUN
cblr-1717	464	4	does	do	AUX
cblr-1717	464	5	not	not	PART
cblr-1717	464	6	mean	mean	VERB
cblr-1717	464	7	to	to	PART
cblr-1717	464	8	suggest	suggest	VERB
cblr-1717	464	9	that	that	SCONJ
cblr-1717	464	10	the	the	DET
cblr-1717	464	11	findings	finding	NOUN
cblr-1717	464	12	are	be	AUX
cblr-1717	464	13	statistically	statistically	ADV
cblr-1717	464	14	significant	significant	ADJ
cblr-1717	464	15	when	when	SCONJ
cblr-1717	464	16	controlling	control	VERB
cblr-1717	464	17	for	for	ADP
cblr-1717	464	18	factors	factor	NOUN
cblr-1717	464	19	like	like	ADP
cblr-1717	464	20	industry	industry	NOUN
cblr-1717	464	21	or	or	CCONJ
cblr-1717	464	22	tenure	tenure	NOUN
cblr-1717	464	23	.	.	PUNCT
cblr-1717	465	1	rather	rather	ADV
cblr-1717	465	2	,	,	PUNCT
cblr-1717	465	3	this	this	DET
cblr-1717	465	4	section	section	NOUN
cblr-1717	465	5	provides	provide	VERB
cblr-1717	465	6	the	the	DET
cblr-1717	465	7	evidence	evidence	NOUN
cblr-1717	465	8	as	as	ADP
cblr-1717	465	9	descriptive	descriptive	ADJ
cblr-1717	465	10	difference	difference	NOUN
cblr-1717	465	11	.	.	PUNCT
cblr-1717	466	1	111	111	NUM
cblr-1717	466	2	the	the	DET
cblr-1717	466	3	average	average	ADJ
cblr-1717	466	4	age	age	NOUN
cblr-1717	466	5	for	for	ADP
cblr-1717	466	6	a	a	DET
cblr-1717	466	7	ceo	ceo	NOUN
cblr-1717	466	8	in	in	ADP
cblr-1717	466	9	2015	2015	NUM
cblr-1717	466	10	was	be	AUX
cblr-1717	466	11	fifty	fifty	NUM
cblr-1717	466	12	-	-	PUNCT
cblr-1717	466	13	five	five	NUM
cblr-1717	466	14	.	.	PUNCT
cblr-1717	467	1	executives	executive	NOUN
cblr-1717	467	2	aged	age	VERB
cblr-1717	467	3	forty	forty	NUM
cblr-1717	467	4	-	-	PUNCT
cblr-1717	467	5	five	five	NUM
cblr-1717	467	6	and	and	CCONJ
cblr-1717	467	7	younger	young	ADJ
cblr-1717	467	8	represent	represent	VERB
cblr-1717	467	9	the	the	DET
cblr-1717	467	10	bottom	bottom	ADJ
cblr-1717	467	11	quartile	quartile	NOUN
cblr-1717	467	12	,	,	PUNCT
cblr-1717	467	13	while	while	SCONJ
cblr-1717	467	14	those	those	DET
cblr-1717	467	15	aged	aged	ADJ
cblr-1717	467	16	sixty	sixty	NUM
cblr-1717	467	17	-	-	PUNCT
cblr-1717	467	18	four	four	NUM
cblr-1717	467	19	and	and	CCONJ
cblr-1717	467	20	older	old	ADJ
cblr-1717	467	21	represent	represent	VERB
cblr-1717	467	22	the	the	DET
cblr-1717	467	23	top	top	ADJ
cblr-1717	467	24	quartile	quartile	NOUN
cblr-1717	467	25	.	.	PUNCT
cblr-1717	468	1	interestingly	interestingly	ADV
cblr-1717	468	2	,	,	PUNCT
cblr-1717	468	3	the	the	DET
cblr-1717	468	4	evidence	evidence	NOUN
cblr-1717	468	5	shows	show	VERB
cblr-1717	468	6	that	that	SCONJ
cblr-1717	468	7	in	in	ADP
cblr-1717	468	8	2006	2006	NUM
cblr-1717	468	9	more	more	ADJ
cblr-1717	468	10	than	than	ADP
cblr-1717	468	11	sixteen	sixteen	NUM
cblr-1717	468	12	times	time	NOUN
cblr-1717	468	13	as	as	ADV
cblr-1717	468	14	many	many	ADJ
cblr-1717	468	15	executives	executive	NOUN
cblr-1717	468	16	sixty	sixty	NUM
cblr-1717	468	17	-	-	PUNCT
cblr-1717	468	18	four	four	NUM
cblr-1717	468	19	and	and	CCONJ
cblr-1717	468	20	older	old	ADJ
cblr-1717	468	21	(	(	PUNCT
cblr-1717	468	22	2548	2548	NUM
cblr-1717	468	23	)	)	PUNCT
cblr-1717	468	24	were	be	AUX
cblr-1717	468	25	recorded	record	VERB
cblr-1717	468	26	than	than	ADP
cblr-1717	468	27	those	those	DET
cblr-1717	468	28	forty	forty	NUM
cblr-1717	468	29	-	-	PUNCT
cblr-1717	468	30	five	five	NUM
cblr-1717	468	31	and	and	CCONJ
cblr-1717	468	32	younger	young	ADJ
cblr-1717	468	33	(	(	PUNCT
cblr-1717	468	34	154	154	NUM
cblr-1717	468	35	)	)	PUNCT
cblr-1717	468	36	.	.	PUNCT
cblr-1717	469	1	by	by	ADP
cblr-1717	469	2	2014	2014	NUM
cblr-1717	469	3	,	,	PUNCT
cblr-1717	469	4	however	however	ADV
cblr-1717	469	5	,	,	PUNCT
cblr-1717	469	6	the	the	DET
cblr-1717	469	7	numbers	number	NOUN
cblr-1717	469	8	had	have	AUX
cblr-1717	469	9	evened	even	VERB
cblr-1717	469	10	out	out	ADP
cblr-1717	469	11	:	:	PUNCT
cblr-1717	469	12	602	602	NUM
cblr-1717	469	13	executives	executive	NOUN
cblr-1717	469	14	sixty	sixty	NUM
cblr-1717	469	15	-	-	PUNCT
cblr-1717	469	16	four	four	NUM
cblr-1717	469	17	and	and	CCONJ
cblr-1717	469	18	older	old	ADJ
cblr-1717	469	19	,	,	PUNCT
cblr-1717	469	20	and	and	CCONJ
cblr-1717	469	21	874	874	NUM
cblr-1717	469	22	executives	executive	NOUN
cblr-1717	469	23	forty	forty	NUM
cblr-1717	469	24	-	-	PUNCT
cblr-1717	469	25	five	five	NUM
cblr-1717	469	26	and	and	CCONJ
cblr-1717	469	27	younger	young	ADJ
cblr-1717	469	28	.	.	PUNCT
cblr-1717	470	1	0.00	0.00	NUM
cblr-1717	470	2	%	%	NOUN
cblr-1717	470	3	20.00	20.00	NUM
cblr-1717	470	4	%	%	NOUN
cblr-1717	470	5	40.00	40.00	NUM
cblr-1717	470	6	%	%	NOUN
cblr-1717	470	7	20	20	NUM
cblr-1717	470	8	06	06	NUM
cblr-1717	470	9	20	20	NUM
cblr-1717	470	10	07	07	NUM
cblr-1717	470	11	20	20	NUM
cblr-1717	470	12	08	08	NUM
cblr-1717	470	13	20	20	NUM
cblr-1717	470	14	09	09	NUM
cblr-1717	470	15	20	20	NUM
cblr-1717	470	16	10	10	NUM
cblr-1717	470	17	20	20	NUM
cblr-1717	470	18	11	11	NUM
cblr-1717	470	19	20	20	NUM
cblr-1717	470	20	12	12	NUM
cblr-1717	470	21	20	20	NUM
cblr-1717	470	22	13	13	NUM
cblr-1717	470	23	20	20	NUM
cblr-1717	470	24	14	14	NUM
cblr-1717	470	25	pe	pe	INTJ
cblr-1717	470	26	rc	rc	PROPN
cblr-1717	470	27	en	en	X
cblr-1717	470	28	ta	ta	X
cblr-1717	470	29	ge	ge	PROPN
cblr-1717	471	1	o	o	PROPN
cblr-1717	471	2	f	f	PROPN
cblr-1717	471	3	t	t	PROPN
cblr-1717	471	4	ot	ot	INTJ
cblr-1717	471	5	al	al	PROPN
cblr-1717	471	6	co	co	PROPN
cblr-1717	471	7	m	m	PROPN
cblr-1717	471	8	pe	pe	PROPN
cblr-1717	471	9	ns	ns	PROPN
cblr-1717	471	10	a2	a2	PROPN
cblr-1717	471	11	on	on	ADP
cblr-1717	471	12	year	year	NOUN
cblr-1717	471	13	equity	equity	NOUN
cblr-1717	471	14	compensation	compensation	NOUN
cblr-1717	471	15	by	by	ADP
cblr-1717	471	16	executive	executive	ADJ
cblr-1717	471	17	age	age	NOUN
cblr-1717	471	18	opt%(<45	opt%(<45	NOUN
cblr-1717	471	19	)	)	PUNCT
cblr-1717	471	20	rst%(<45	rst%(<45	PROPN
cblr-1717	471	21	)	)	PUNCT
cblr-1717	471	22	opt%(>64	opt%(>64	NOUN
cblr-1717	471	23	)	)	PUNCT
cblr-1717	471	24	rst%(>64	rst%(>64	NOUN
cblr-1717	471	25	)	)	PUNCT
cblr-1717	471	26	ades	ade	NOUN
cblr-1717	471	27	-	-	PUNCT
cblr-1717	471	28	laurent	laurent	NOUN
cblr-1717	471	29	–	–	PUNCT
cblr-1717	471	30	final	final	ADJ
cblr-1717	471	31	376	376	NUM
cblr-1717	471	32	columbia	columbia	PROPN
cblr-1717	471	33	business	business	NOUN
cblr-1717	471	34	law	law	PROPN
cblr-1717	471	35	review	review	NOUN
cblr-1717	472	1	[	[	X
cblr-1717	472	2	vol	vol	NOUN
cblr-1717	472	3	.	.	NOUN
cblr-1717	472	4	2017	2017	NUM
cblr-1717	472	5	table	table	NOUN
cblr-1717	472	6	2	2	NUM
cblr-1717	472	7	the	the	DET
cblr-1717	472	8	evidence	evidence	NOUN
cblr-1717	472	9	demonstrates	demonstrate	VERB
cblr-1717	472	10	that	that	SCONJ
cblr-1717	472	11	the	the	DET
cblr-1717	472	12	pay	pay	NOUN
cblr-1717	472	13	suites	suite	NOUN
cblr-1717	472	14	of	of	ADP
cblr-1717	472	15	older	old	ADJ
cblr-1717	472	16	executives	executive	NOUN
cblr-1717	472	17	generally	generally	ADV
cblr-1717	472	18	contain	contain	VERB
cblr-1717	472	19	a	a	DET
cblr-1717	472	20	lower	low	ADJ
cblr-1717	472	21	percentage	percentage	NOUN
cblr-1717	472	22	overall	overall	NOUN
cblr-1717	472	23	of	of	ADP
cblr-1717	472	24	equity	equity	NOUN
cblr-1717	472	25	compensation	compensation	NOUN
cblr-1717	472	26	than	than	ADP
cblr-1717	472	27	those	those	PRON
cblr-1717	472	28	of	of	ADP
cblr-1717	472	29	younger	young	ADJ
cblr-1717	472	30	executives	executive	NOUN
cblr-1717	472	31	,	,	PUNCT
cblr-1717	472	32	thus	thus	ADV
cblr-1717	472	33	affirming	affirm	VERB
cblr-1717	472	34	either	either	CCONJ
cblr-1717	472	35	that	that	SCONJ
cblr-1717	472	36	older	old	ADJ
cblr-1717	472	37	executives	executive	NOUN
cblr-1717	472	38	are	be	AUX
cblr-1717	472	39	indeed	indeed	ADV
cblr-1717	472	40	more	more	ADV
cblr-1717	472	41	riskaverse	riskaverse	NOUN
cblr-1717	472	42	than	than	ADP
cblr-1717	472	43	younger	young	ADJ
cblr-1717	472	44	executives	executive	NOUN
cblr-1717	472	45	at	at	ADP
cblr-1717	472	46	the	the	DET
cblr-1717	472	47	time	time	NOUN
cblr-1717	472	48	of	of	ADP
cblr-1717	472	49	hire	hire	NOUN
cblr-1717	472	50	,	,	PUNCT
cblr-1717	472	51	or	or	CCONJ
cblr-1717	472	52	that	that	SCONJ
cblr-1717	472	53	they	they	PRON
cblr-1717	472	54	have	have	AUX
cblr-1717	472	55	kept	keep	VERB
cblr-1717	472	56	essentially	essentially	ADV
cblr-1717	472	57	the	the	DET
cblr-1717	472	58	same	same	ADJ
cblr-1717	472	59	executive	executive	ADJ
cblr-1717	472	60	compensation	compensation	NOUN
cblr-1717	472	61	package	package	NOUN
cblr-1717	472	62	since	since	SCONJ
cblr-1717	472	63	the	the	DET
cblr-1717	472	64	start	start	NOUN
cblr-1717	472	65	of	of	ADP
cblr-1717	472	66	their	their	PRON
cblr-1717	472	67	tenure	tenure	NOUN
cblr-1717	472	68	.	.	PUNCT
cblr-1717	473	1	the	the	DET
cblr-1717	473	2	difference	difference	NOUN
cblr-1717	473	3	in	in	ADP
cblr-1717	473	4	option	option	NOUN
cblr-1717	473	5	compensation	compensation	NOUN
cblr-1717	473	6	between	between	ADP
cblr-1717	473	7	older	old	ADJ
cblr-1717	473	8	and	and	CCONJ
cblr-1717	473	9	younger	young	ADJ
cblr-1717	473	10	executives	executive	NOUN
cblr-1717	473	11	,	,	PUNCT
cblr-1717	473	12	however	however	ADV
cblr-1717	473	13	,	,	PUNCT
cblr-1717	473	14	has	have	AUX
cblr-1717	473	15	generally	generally	ADV
cblr-1717	473	16	remained	remain	VERB
cblr-1717	473	17	within	within	ADP
cblr-1717	473	18	two	two	NUM
cblr-1717	473	19	percentage	percentage	NOUN
cblr-1717	473	20	points.114	points.114	NOUN
cblr-1717	473	21	hence	hence	ADV
cblr-1717	473	22	,	,	PUNCT
cblr-1717	473	23	it	it	PRON
cblr-1717	473	24	is	be	AUX
cblr-1717	473	25	difficult	difficult	ADJ
cblr-1717	473	26	to	to	PART
cblr-1717	473	27	conclude	conclude	VERB
cblr-1717	473	28	that	that	SCONJ
cblr-1717	473	29	the	the	DET
cblr-1717	473	30	lower	low	ADJ
cblr-1717	473	31	tolerance	tolerance	NOUN
cblr-1717	473	32	for	for	ADP
cblr-1717	473	33	risk	risk	NOUN
cblr-1717	473	34	attributed	attribute	VERB
cblr-1717	473	35	to	to	ADP
cblr-1717	473	36	older	old	ADJ
cblr-1717	473	37	executives	executive	NOUN
cblr-1717	473	38	is	be	AUX
cblr-1717	473	39	responsible	responsible	ADJ
cblr-1717	473	40	for	for	ADP
cblr-1717	473	41	the	the	DET
cblr-1717	473	42	general	general	ADJ
cblr-1717	473	43	decline	decline	NOUN
cblr-1717	473	44	in	in	ADP
cblr-1717	473	45	the	the	DET
cblr-1717	473	46	use	use	NOUN
cblr-1717	473	47	of	of	ADP
cblr-1717	473	48	option	option	NOUN
cblr-1717	473	49	compensation	compensation	NOUN
cblr-1717	473	50	.	.	PUNCT
cblr-1717	474	1	were	be	AUX
cblr-1717	474	2	that	that	SCONJ
cblr-1717	474	3	the	the	DET
cblr-1717	474	4	case	case	NOUN
cblr-1717	474	5	,	,	PUNCT
cblr-1717	474	6	the	the	DET
cblr-1717	474	7	increase	increase	NOUN
cblr-1717	474	8	in	in	ADP
cblr-1717	474	9	stock	stock	NOUN
cblr-1717	474	10	compensation	compensation	NOUN
cblr-1717	474	11	of	of	ADP
cblr-1717	474	12	younger	young	ADJ
cblr-1717	474	13	executives	executive	NOUN
cblr-1717	474	14	would	would	AUX
cblr-1717	474	15	not	not	PART
cblr-1717	474	16	have	have	AUX
cblr-1717	474	17	so	so	ADV
cblr-1717	474	18	drastically	drastically	ADV
cblr-1717	474	19	outpaced	outpace	VERB
cblr-1717	474	20	the	the	DET
cblr-1717	474	21	increase	increase	NOUN
cblr-1717	474	22	in	in	ADP
cblr-1717	474	23	that	that	PRON
cblr-1717	474	24	of	of	ADP
cblr-1717	474	25	older	old	ADJ
cblr-1717	474	26	executives	executive	NOUN
cblr-1717	474	27	.	.	PUNCT
cblr-1717	475	1	112	112	NUM
cblr-1717	475	2	for	for	ADP
cblr-1717	475	3	explanation	explanation	NOUN
cblr-1717	475	4	,	,	PUNCT
cblr-1717	475	5	see	see	VERB
cblr-1717	475	6	supra	supra	PROPN
cblr-1717	475	7	note	note	PROPN
cblr-1717	475	8	97	97	NUM
cblr-1717	475	9	.	.	NOUN
cblr-1717	475	10	113	113	NUM
cblr-1717	476	1	i	i	PRON
cblr-1717	476	2	d.	d.	PROPN
cblr-1717	476	3	114	114	NUM
cblr-1717	476	4	see	see	VERB
cblr-1717	476	5	supra	supra	ADJ
cblr-1717	476	6	table	table	NOUN
cblr-1717	476	7	2	2	NUM
cblr-1717	476	8	.	.	NUM
cblr-1717	476	9	2011	2011	NUM
cblr-1717	476	10	is	be	AUX
cblr-1717	476	11	an	an	DET
cblr-1717	476	12	outlier	outlier	NOUN
cblr-1717	476	13	,	,	PUNCT
cblr-1717	476	14	when	when	SCONJ
cblr-1717	476	15	executives	executive	NOUN
cblr-1717	476	16	younger	young	ADJ
cblr-1717	476	17	than	than	ADP
cblr-1717	476	18	forty	forty	NUM
cblr-1717	476	19	-	-	PUNCT
cblr-1717	476	20	five	five	NUM
cblr-1717	476	21	received	receive	VERB
cblr-1717	476	22	almost	almost	ADV
cblr-1717	476	23	thirteen	thirteen	NUM
cblr-1717	476	24	percent	percent	NOUN
cblr-1717	476	25	of	of	ADP
cblr-1717	476	26	their	their	PRON
cblr-1717	476	27	total	total	ADJ
cblr-1717	476	28	compensation	compensation	NOUN
cblr-1717	476	29	in	in	ADP
cblr-1717	476	30	stock	stock	NOUN
cblr-1717	476	31	options	option	NOUN
cblr-1717	476	32	,	,	PUNCT
cblr-1717	476	33	while	while	SCONJ
cblr-1717	476	34	executives	executive	NOUN
cblr-1717	476	35	older	old	ADJ
cblr-1717	476	36	than	than	ADP
cblr-1717	476	37	sixty	sixty	NUM
cblr-1717	476	38	-	-	PUNCT
cblr-1717	476	39	four	four	NUM
cblr-1717	476	40	received	receive	VERB
cblr-1717	476	41	ten	ten	NUM
cblr-1717	476	42	percent	percent	NOUN
cblr-1717	476	43	in	in	ADP
cblr-1717	476	44	stock	stock	NOUN
cblr-1717	476	45	options	option	NOUN
cblr-1717	476	46	.	.	PUNCT
cblr-1717	477	1	executive	executive	NOUN
cblr-1717	477	2	younger	young	ADJ
cblr-1717	477	3	than	than	ADP
cblr-1717	477	4	45	45	NUM
cblr-1717	477	5	2006	2006	NUM
cblr-1717	477	6	2007	2007	NUM
cblr-1717	477	7	2008	2008	NUM
cblr-1717	477	8	2009	2009	NUM
cblr-1717	477	9	2010	2010	NUM
cblr-1717	477	10	2011	2011	NUM
cblr-1717	477	11	2012	2012	NUM
cblr-1717	477	12	2013	2013	NUM
cblr-1717	477	13	2014	2014	NUM
cblr-1717	477	14	stock	stock	NOUN
cblr-1717	477	15	8.49	8.49	NUM
cblr-1717	477	16	%	%	NOUN
cblr-1717	477	17	23.58	23.58	NUM
cblr-1717	477	18	%	%	NOUN
cblr-1717	477	19	21.91	21.91	NUM
cblr-1717	477	20	%	%	NOUN
cblr-1717	477	21	20.29	20.29	NUM
cblr-1717	477	22	%	%	NOUN
cblr-1717	477	23	22.49	22.49	NUM
cblr-1717	477	24	%	%	NOUN
cblr-1717	477	25	25.55	25.55	NUM
cblr-1717	477	26	%	%	NOUN
cblr-1717	477	27	31.26	31.26	NUM
cblr-1717	477	28	%	%	NOUN
cblr-1717	477	29	31.90	31.90	NUM
cblr-1717	477	30	%	%	NOUN
cblr-1717	477	31	35.49	35.49	NUM
cblr-1717	477	32	%	%	NOUN
cblr-1717	477	33	option	option	NOUN
cblr-1717	477	34	11.25	11.25	NUM
cblr-1717	477	35	%	%	NOUN
cblr-1717	477	36	24.94	24.94	NUM
cblr-1717	477	37	%	%	NOUN
cblr-1717	477	38	13.69	13.69	NUM
cblr-1717	477	39	%	%	NOUN
cblr-1717	477	40	12.67	12.67	NUM
cblr-1717	477	41	%	%	NOUN
cblr-1717	477	42	11.97	11.97	NUM
cblr-1717	477	43	%	%	NOUN
cblr-1717	477	44	12.90	12.90	NUM
cblr-1717	477	45	%	%	NOUN
cblr-1717	477	46	10.87	10.87	NUM
cblr-1717	477	47	%	%	NOUN
cblr-1717	477	48	10.11	10.11	NUM
cblr-1717	477	49	%	%	NOUN
cblr-1717	477	50	9.97	9.97	NUM
cblr-1717	477	51	%	%	NOUN
cblr-1717	477	52	probability	probability	NOUN
cblr-1717	477	53	of	of	ADP
cblr-1717	477	54	statistical	statistical	ADJ
cblr-1717	477	55	similarity	similarity	NOUN
cblr-1717	477	56	112	112	NUM
cblr-1717	477	57	0	0	NUM
cblr-1717	477	58	%	%	NOUN
cblr-1717	477	59	5.24	5.24	NUM
cblr-1717	477	60	%	%	NOUN
cblr-1717	477	61	0.13	0.13	NUM
cblr-1717	477	62	%	%	NOUN
cblr-1717	477	63	0	0	NUM
cblr-1717	477	64	%	%	NOUN
cblr-1717	477	65	0	0	NUM
cblr-1717	477	66	%	%	NOUN
cblr-1717	477	67	0	0	NUM
cblr-1717	477	68	%	%	NOUN
cblr-1717	477	69	0	0	NUM
cblr-1717	477	70	%	%	NOUN
cblr-1717	477	71	0	0	NUM
cblr-1717	477	72	%	%	NOUN
cblr-1717	477	73	0	0	NUM
cblr-1717	477	74	%	%	NOUN
cblr-1717	477	75	executive	executive	NOUN
cblr-1717	477	76	older	old	ADJ
cblr-1717	477	77	than	than	ADP
cblr-1717	477	78	64	64	NUM
cblr-1717	477	79	2006	2006	NUM
cblr-1717	477	80	2007	2007	NUM
cblr-1717	477	81	2008	2008	NUM
cblr-1717	477	82	2009	2009	NUM
cblr-1717	477	83	2010	2010	NUM
cblr-1717	477	84	2011	2011	NUM
cblr-1717	477	85	2012	2012	NUM
cblr-1717	477	86	2013	2013	NUM
cblr-1717	477	87	2014	2014	NUM
cblr-1717	477	88	stock	stock	NOUN
cblr-1717	477	89	15.72	15.72	NUM
cblr-1717	477	90	%	%	NOUN
cblr-1717	477	91	25.59	25.59	NUM
cblr-1717	477	92	%	%	NOUN
cblr-1717	477	93	23.40	23.40	NUM
cblr-1717	477	94	%	%	NOUN
cblr-1717	477	95	19.09	19.09	NUM
cblr-1717	477	96	%	%	NOUN
cblr-1717	477	97	21.27	21.27	NUM
cblr-1717	477	98	%	%	NOUN
cblr-1717	477	99	23.63	23.63	NUM
cblr-1717	477	100	%	%	NOUN
cblr-1717	477	101	24.29	24.29	NUM
cblr-1717	477	102	%	%	NOUN
cblr-1717	477	103	26.93	26.93	NUM
cblr-1717	477	104	%	%	NOUN
cblr-1717	477	105	31.36	31.36	NUM
cblr-1717	477	106	%	%	NOUN
cblr-1717	477	107	option	option	NOUN
cblr-1717	477	108	11.29	11.29	NUM
cblr-1717	477	109	%	%	NOUN
cblr-1717	477	110	13.34	13.34	NUM
cblr-1717	477	111	%	%	NOUN
cblr-1717	477	112	13.16	13.16	NUM
cblr-1717	477	113	%	%	NOUN
cblr-1717	477	114	10.81	10.81	NUM
cblr-1717	477	115	%	%	NOUN
cblr-1717	477	116	10.80	10.80	NUM
cblr-1717	477	117	%	%	NOUN
cblr-1717	477	118	10.00	10.00	NUM
cblr-1717	477	119	%	%	NOUN
cblr-1717	477	120	9.02	9.02	NUM
cblr-1717	477	121	%	%	NOUN
cblr-1717	477	122	8.56	8.56	NUM
cblr-1717	477	123	%	%	NOUN
cblr-1717	477	124	7.74	7.74	NUM
cblr-1717	477	125	%	%	NOUN
cblr-1717	477	126	probability	probability	NOUN
cblr-1717	477	127	of	of	ADP
cblr-1717	477	128	statistical	statistical	ADJ
cblr-1717	477	129	similarity	similarity	NOUN
cblr-1717	477	130	113	113	NUM
cblr-1717	477	131	0	0	NUM
cblr-1717	477	132	%	%	NOUN
cblr-1717	477	133	0	0	NUM
cblr-1717	477	134	%	%	NOUN
cblr-1717	477	135	0	0	NUM
cblr-1717	477	136	%	%	NOUN
cblr-1717	477	137	0	0	NUM
cblr-1717	477	138	%	%	NOUN
cblr-1717	477	139	0	0	NUM
cblr-1717	477	140	%	%	NOUN
cblr-1717	477	141	0	0	NUM
cblr-1717	477	142	%	%	NOUN
cblr-1717	477	143	0	0	NUM
cblr-1717	477	144	%	%	NOUN
cblr-1717	477	145	0	0	NUM
cblr-1717	477	146	%	%	NOUN
cblr-1717	477	147	0	0	NUM
cblr-1717	477	148	%	%	NOUN
cblr-1717	477	149	ades	ade	NOUN
cblr-1717	477	150	-	-	PUNCT
cblr-1717	477	151	laurent	laurent	NOUN
cblr-1717	477	152	–	–	PUNCT
cblr-1717	477	153	final	final	ADJ
cblr-1717	477	154	no	no	NOUN
cblr-1717	477	155	.	.	PUNCT
cblr-1717	478	1	1:347	1:347	NUM
cblr-1717	478	2	]	]	PUNCT
cblr-1717	478	3	disappearing	disappear	VERB
cblr-1717	478	4	stock	stock	NOUN
cblr-1717	478	5	options	option	NOUN
cblr-1717	478	6	377	377	NUM
cblr-1717	478	7	figure	figure	NOUN
cblr-1717	478	8	2	2	NUM
cblr-1717	478	9	and	and	CCONJ
cblr-1717	478	10	table	table	NOUN
cblr-1717	478	11	2	2	NUM
cblr-1717	478	12	show	show	VERB
cblr-1717	478	13	that	that	SCONJ
cblr-1717	478	14	senior	senior	ADJ
cblr-1717	478	15	executive	executive	NOUN
cblr-1717	478	16	pay	pay	NOUN
cblr-1717	478	17	composition	composition	NOUN
cblr-1717	478	18	of	of	ADP
cblr-1717	478	19	younger	young	ADJ
cblr-1717	478	20	executives	executive	NOUN
cblr-1717	478	21	tracks	track	VERB
cblr-1717	478	22	the	the	DET
cblr-1717	478	23	general	general	ADJ
cblr-1717	478	24	trend	trend	NOUN
cblr-1717	478	25	seen	see	VERB
cblr-1717	478	26	in	in	ADP
cblr-1717	478	27	figure	figure	NOUN
cblr-1717	478	28	1	1	NUM
cblr-1717	478	29	far	far	ADV
cblr-1717	478	30	more	more	ADV
cblr-1717	478	31	closely	closely	ADV
cblr-1717	478	32	than	than	SCONJ
cblr-1717	478	33	does	do	VERB
cblr-1717	478	34	that	that	PRON
cblr-1717	478	35	of	of	ADP
cblr-1717	478	36	older	old	ADJ
cblr-1717	478	37	executives	executive	NOUN
cblr-1717	478	38	.	.	PUNCT
cblr-1717	479	1	thus	thus	ADV
cblr-1717	479	2	,	,	PUNCT
cblr-1717	479	3	executive	executive	ADJ
cblr-1717	479	4	turnover	turnover	NOUN
cblr-1717	479	5	seems	seem	VERB
cblr-1717	479	6	to	to	PART
cblr-1717	479	7	be	be	AUX
cblr-1717	479	8	the	the	DET
cblr-1717	479	9	stronger	strong	ADJ
cblr-1717	479	10	determinant	determinant	ADJ
cblr-1717	479	11	of	of	ADP
cblr-1717	479	12	senior	senior	ADJ
cblr-1717	479	13	executive	executive	ADJ
cblr-1717	479	14	compensation	compensation	NOUN
cblr-1717	479	15	,	,	PUNCT
cblr-1717	479	16	with	with	ADP
cblr-1717	479	17	compensation	compensation	NOUN
cblr-1717	479	18	packages	package	NOUN
cblr-1717	479	19	determined	determine	VERB
cblr-1717	479	20	by	by	ADP
cblr-1717	479	21	the	the	DET
cblr-1717	479	22	general	general	ADJ
cblr-1717	479	23	trends	trend	NOUN
cblr-1717	479	24	at	at	ADP
cblr-1717	479	25	the	the	DET
cblr-1717	479	26	time	time	NOUN
cblr-1717	479	27	of	of	ADP
cblr-1717	479	28	hire.115	hire.115	NOUN
cblr-1717	479	29	while	while	SCONJ
cblr-1717	479	30	both	both	CCONJ
cblr-1717	479	31	older	old	ADJ
cblr-1717	479	32	and	and	CCONJ
cblr-1717	479	33	younger	young	ADJ
cblr-1717	479	34	executives	executive	NOUN
cblr-1717	479	35	may	may	AUX
cblr-1717	479	36	be	be	AUX
cblr-1717	479	37	recruited	recruit	VERB
cblr-1717	479	38	for	for	ADP
cblr-1717	479	39	open	open	ADJ
cblr-1717	479	40	positions	position	NOUN
cblr-1717	479	41	,	,	PUNCT
cblr-1717	479	42	executives	executive	NOUN
cblr-1717	479	43	who	who	PRON
cblr-1717	479	44	are	be	AUX
cblr-1717	479	45	under	under	ADP
cblr-1717	479	46	forty	forty	NUM
cblr-1717	479	47	-	-	PUNCT
cblr-1717	479	48	five	five	NUM
cblr-1717	479	49	in	in	ADP
cblr-1717	479	50	2014	2014	NUM
cblr-1717	479	51	,	,	PUNCT
cblr-1717	479	52	for	for	ADP
cblr-1717	479	53	example	example	NOUN
cblr-1717	479	54	,	,	PUNCT
cblr-1717	479	55	are	be	AUX
cblr-1717	479	56	far	far	ADV
cblr-1717	479	57	less	less	ADV
cblr-1717	479	58	likely	likely	ADJ
cblr-1717	479	59	to	to	PART
cblr-1717	479	60	have	have	AUX
cblr-1717	479	61	been	be	AUX
cblr-1717	479	62	in	in	ADP
cblr-1717	479	63	the	the	DET
cblr-1717	479	64	same	same	ADJ
cblr-1717	479	65	position	position	NOUN
cblr-1717	479	66	five	five	NUM
cblr-1717	479	67	years	year	NOUN
cblr-1717	479	68	earlier	early	ADV
cblr-1717	479	69	.	.	PUNCT
cblr-1717	480	1	consider	consider	VERB
cblr-1717	480	2	the	the	DET
cblr-1717	480	3	executive	executive	NOUN
cblr-1717	480	4	who	who	PRON
cblr-1717	480	5	is	be	AUX
cblr-1717	480	6	hired	hire	VERB
cblr-1717	480	7	in	in	ADP
cblr-1717	480	8	2004	2004	NUM
cblr-1717	480	9	,	,	PUNCT
cblr-1717	480	10	and	and	CCONJ
cblr-1717	480	11	who	who	PRON
cblr-1717	480	12	bargained	bargain	VERB
cblr-1717	480	13	for	for	ADP
cblr-1717	480	14	the	the	DET
cblr-1717	480	15	receipt	receipt	NOUN
cblr-1717	480	16	of	of	ADP
cblr-1717	480	17	one	one	NUM
cblr-1717	480	18	million	million	NUM
cblr-1717	480	19	options	option	NOUN
cblr-1717	480	20	each	each	DET
cblr-1717	480	21	year	year	NOUN
cblr-1717	480	22	.	.	PUNCT
cblr-1717	481	1	her	her	PRON
cblr-1717	481	2	compensation	compensation	NOUN
cblr-1717	481	3	package	package	NOUN
cblr-1717	481	4	in	in	ADP
cblr-1717	481	5	2014	2014	NUM
cblr-1717	481	6	will	will	AUX
cblr-1717	481	7	look	look	VERB
cblr-1717	481	8	drastically	drastically	ADV
cblr-1717	481	9	different	different	ADJ
cblr-1717	481	10	from	from	ADP
cblr-1717	481	11	that	that	PRON
cblr-1717	481	12	of	of	ADP
cblr-1717	481	13	the	the	DET
cblr-1717	481	14	new	new	ADJ
cblr-1717	481	15	ceo	ceo	NOUN
cblr-1717	481	16	hired	hire	VERB
cblr-1717	481	17	in	in	ADP
cblr-1717	481	18	the	the	DET
cblr-1717	481	19	wake	wake	NOUN
cblr-1717	481	20	of	of	ADP
cblr-1717	481	21	dodd	dodd	PROPN
cblr-1717	481	22	-	-	PUNCT
cblr-1717	481	23	frank	frank	PROPN
cblr-1717	481	24	,	,	PUNCT
cblr-1717	481	25	with	with	SCONJ
cblr-1717	481	26	the	the	DET
cblr-1717	481	27	company	company	NOUN
cblr-1717	481	28	more	more	ADV
cblr-1717	481	29	likely	likely	ADJ
cblr-1717	481	30	to	to	PART
cblr-1717	481	31	structure	structure	VERB
cblr-1717	481	32	compensation	compensation	NOUN
cblr-1717	481	33	packages	package	NOUN
cblr-1717	481	34	to	to	PART
cblr-1717	481	35	induce	induce	VERB
cblr-1717	481	36	senior	senior	ADJ
cblr-1717	481	37	executives	executive	NOUN
cblr-1717	481	38	to	to	PART
cblr-1717	481	39	focus	focus	VERB
cblr-1717	481	40	on	on	ADP
cblr-1717	481	41	long	long	ADJ
cblr-1717	481	42	-	-	PUNCT
cblr-1717	481	43	term	term	NOUN
cblr-1717	481	44	effects	effect	NOUN
cblr-1717	481	45	.	.	PUNCT
cblr-1717	482	1	thus	thus	ADV
cblr-1717	482	2	,	,	PUNCT
cblr-1717	482	3	the	the	DET
cblr-1717	482	4	ages	age	NOUN
cblr-1717	482	5	in	in	ADP
cblr-1717	482	6	2014	2014	NUM
cblr-1717	482	7	of	of	ADP
cblr-1717	482	8	the	the	DET
cblr-1717	482	9	2004	2004	NUM
cblr-1717	482	10	hiree	hiree	NOUN
cblr-1717	482	11	and	and	CCONJ
cblr-1717	482	12	the	the	DET
cblr-1717	482	13	2014	2014	NUM
cblr-1717	482	14	hiree	hiree	NOUN
cblr-1717	482	15	are	be	AUX
cblr-1717	482	16	likely	likely	ADV
cblr-1717	482	17	statistically	statistically	ADV
cblr-1717	482	18	insignificant	insignificant	ADJ
cblr-1717	482	19	,	,	PUNCT
cblr-1717	482	20	although	although	SCONJ
cblr-1717	482	21	this	this	DET
cblr-1717	482	22	analysis	analysis	NOUN
cblr-1717	482	23	is	be	AUX
cblr-1717	482	24	beyond	beyond	ADP
cblr-1717	482	25	the	the	DET
cblr-1717	482	26	scope	scope	NOUN
cblr-1717	482	27	of	of	ADP
cblr-1717	482	28	this	this	DET
cblr-1717	482	29	note	note	NOUN
cblr-1717	482	30	.	.	PUNCT
cblr-1717	483	1	rather	rather	ADV
cblr-1717	483	2	,	,	PUNCT
cblr-1717	483	3	younger	young	ADJ
cblr-1717	483	4	executives	executive	NOUN
cblr-1717	483	5	are	be	AUX
cblr-1717	483	6	more	more	ADV
cblr-1717	483	7	likely	likely	ADJ
cblr-1717	483	8	than	than	ADP
cblr-1717	483	9	new	new	ADJ
cblr-1717	483	10	hires	hire	NOUN
cblr-1717	483	11	to	to	PART
cblr-1717	483	12	have	have	AUX
cblr-1717	483	13	been	be	AUX
cblr-1717	483	14	among	among	ADP
cblr-1717	483	15	the	the	DET
cblr-1717	483	16	company	company	NOUN
cblr-1717	483	17	’s	’s	PART
cblr-1717	483	18	five	five	NUM
cblr-1717	483	19	highest	high	ADJ
cblr-1717	483	20	paid	pay	VERB
cblr-1717	483	21	employees	employee	NOUN
cblr-1717	483	22	several	several	ADJ
cblr-1717	483	23	years	year	NOUN
cblr-1717	483	24	earlier	early	ADV
cblr-1717	483	25	.	.	PUNCT
cblr-1717	484	1	in	in	ADP
cblr-1717	484	2	sum	sum	NOUN
cblr-1717	484	3	,	,	PUNCT
cblr-1717	484	4	the	the	DET
cblr-1717	484	5	pay	pay	NOUN
cblr-1717	484	6	packages	package	NOUN
cblr-1717	484	7	of	of	ADP
cblr-1717	484	8	younger	young	ADJ
cblr-1717	484	9	executives	executive	NOUN
cblr-1717	484	10	are	be	AUX
cblr-1717	484	11	more	more	ADV
cblr-1717	484	12	likely	likely	ADJ
cblr-1717	484	13	to	to	PART
cblr-1717	484	14	reflect	reflect	VERB
cblr-1717	484	15	the	the	DET
cblr-1717	484	16	prevailing	prevail	VERB
cblr-1717	484	17	trends	trend	NOUN
cblr-1717	484	18	in	in	ADP
cblr-1717	484	19	executive	executive	ADJ
cblr-1717	484	20	compensation	compensation	NOUN
cblr-1717	484	21	than	than	ADP
cblr-1717	484	22	those	those	PRON
cblr-1717	484	23	of	of	ADP
cblr-1717	484	24	older	old	ADJ
cblr-1717	484	25	executives	executive	NOUN
cblr-1717	484	26	.	.	PUNCT
cblr-1717	485	1	3	3	X
cblr-1717	485	2	.	.	X
cblr-1717	485	3	trends	trend	NOUN
cblr-1717	485	4	for	for	ADP
cblr-1717	485	5	ceos	ceo	NOUN
cblr-1717	485	6	many	many	ADJ
cblr-1717	485	7	of	of	ADP
cblr-1717	485	8	the	the	DET
cblr-1717	485	9	headlines	headline	NOUN
cblr-1717	485	10	and	and	CCONJ
cblr-1717	485	11	studies	study	NOUN
cblr-1717	485	12	decrying	decry	VERB
cblr-1717	485	13	“	"	PUNCT
cblr-1717	485	14	excessive	excessive	ADJ
cblr-1717	485	15	”	"	PUNCT
cblr-1717	485	16	executive	executive	ADJ
cblr-1717	485	17	compensation	compensation	NOUN
cblr-1717	485	18	have	have	AUX
cblr-1717	485	19	focused	focus	VERB
cblr-1717	485	20	on	on	ADP
cblr-1717	485	21	the	the	DET
cblr-1717	485	22	pay	pay	NOUN
cblr-1717	485	23	of	of	ADP
cblr-1717	485	24	ceos.116	ceos.116	PROPN
cblr-1717	485	25	115	115	NUM
cblr-1717	485	26	see	see	VERB
cblr-1717	485	27	supra	supra	PROPN
cblr-1717	485	28	note	note	PROPN
cblr-1717	485	29	111	111	NUM
cblr-1717	485	30	.	.	PUNCT
cblr-1717	486	1	there	there	PRON
cblr-1717	486	2	has	have	AUX
cblr-1717	486	3	been	be	AUX
cblr-1717	486	4	a	a	DET
cblr-1717	486	5	drastic	drastic	ADJ
cblr-1717	486	6	decrease	decrease	NOUN
cblr-1717	486	7	in	in	ADP
cblr-1717	486	8	the	the	DET
cblr-1717	486	9	number	number	NOUN
cblr-1717	486	10	of	of	ADP
cblr-1717	486	11	executives	executive	NOUN
cblr-1717	486	12	aged	age	VERB
cblr-1717	486	13	sixty	sixty	NUM
cblr-1717	486	14	-	-	PUNCT
cblr-1717	486	15	four	four	NUM
cblr-1717	486	16	and	and	CCONJ
cblr-1717	486	17	older	old	ADJ
cblr-1717	486	18	,	,	PUNCT
cblr-1717	486	19	and	and	CCONJ
cblr-1717	486	20	a	a	DET
cblr-1717	486	21	sharp	sharp	ADJ
cblr-1717	486	22	increase	increase	NOUN
cblr-1717	486	23	in	in	ADP
cblr-1717	486	24	those	those	DET
cblr-1717	486	25	aged	age	VERB
cblr-1717	486	26	forty	forty	NUM
cblr-1717	486	27	-	-	PUNCT
cblr-1717	486	28	five	five	NUM
cblr-1717	486	29	and	and	CCONJ
cblr-1717	486	30	younger	young	ADJ
cblr-1717	486	31	between	between	ADP
cblr-1717	486	32	2006	2006	NUM
cblr-1717	486	33	and	and	CCONJ
cblr-1717	486	34	2014	2014	NUM
cblr-1717	486	35	.	.	PUNCT
cblr-1717	487	1	this	this	DET
cblr-1717	487	2	further	far	ADV
cblr-1717	487	3	suggests	suggest	VERB
cblr-1717	487	4	that	that	SCONJ
cblr-1717	487	5	the	the	DET
cblr-1717	487	6	result	result	NOUN
cblr-1717	487	7	is	be	AUX
cblr-1717	487	8	due	due	ADJ
cblr-1717	487	9	to	to	ADP
cblr-1717	487	10	executive	executive	ADJ
cblr-1717	487	11	turnover	turnover	NOUN
cblr-1717	487	12	rather	rather	ADV
cblr-1717	487	13	than	than	ADP
cblr-1717	487	14	tenured	tenure	VERB
cblr-1717	487	15	executives	executive	NOUN
cblr-1717	487	16	growing	grow	VERB
cblr-1717	487	17	more	more	ADJ
cblr-1717	487	18	risk	risk	NOUN
cblr-1717	487	19	-	-	PUNCT
cblr-1717	487	20	averse	averse	ADJ
cblr-1717	487	21	with	with	ADP
cblr-1717	487	22	age	age	NOUN
cblr-1717	487	23	.	.	PUNCT
cblr-1717	488	1	116	116	NUM
cblr-1717	488	2	see	see	NOUN
cblr-1717	488	3	,	,	PUNCT
cblr-1717	488	4	e.g.	e.g.	ADV
cblr-1717	488	5	,	,	PUNCT
cblr-1717	488	6	joann	joann	PROPN
cblr-1717	488	7	s.	s.	PROPN
cblr-1717	488	8	lublin	lublin	PROPN
cblr-1717	488	9	,	,	PUNCT
cblr-1717	488	10	how	how	SCONJ
cblr-1717	488	11	much	much	ADV
cblr-1717	488	12	the	the	DET
cblr-1717	488	13	best	well	ADV
cblr-1717	488	14	-	-	PUNCT
cblr-1717	488	15	performing	perform	VERB
cblr-1717	488	16	and	and	CCONJ
cblr-1717	488	17	worst	worst	ADV
cblr-1717	488	18	-	-	PUNCT
cblr-1717	488	19	performing	perform	VERB
cblr-1717	488	20	ceos	ceos	NOUN
cblr-1717	488	21	got	get	AUX
cblr-1717	488	22	paid	pay	VERB
cblr-1717	488	23	,	,	PUNCT
cblr-1717	488	24	wall	wall	PROPN
cblr-1717	488	25	st	st	PROPN
cblr-1717	488	26	.	.	PROPN
cblr-1717	488	27	j.	j.	PROPN
cblr-1717	489	1	(	(	PUNCT
cblr-1717	489	2	june	june	PROPN
cblr-1717	489	3	25	25	NUM
cblr-1717	489	4	,	,	PUNCT
cblr-1717	489	5	2015	2015	NUM
cblr-1717	489	6	)	)	PUNCT
cblr-1717	489	7	,	,	PUNCT
cblr-1717	489	8	http://www.wsj.com/articles/how-much-the-best-and-worst-ceos-got-paid1435104565	http://www.wsj.com/articles/how-much-the-best-and-worst-ceos-got-paid1435104565	PROPN
cblr-1717	489	9	.	.	PUNCT
cblr-1717	490	1	the	the	DET
cblr-1717	490	2	article	article	NOUN
cblr-1717	490	3	called	call	VERB
cblr-1717	490	4	out	out	ADP
cblr-1717	490	5	viacom	viacom	PROPN
cblr-1717	490	6	inc	inc	PROPN
cblr-1717	490	7	.	.	PROPN
cblr-1717	490	8	’s	’s	PART
cblr-1717	490	9	philippe	philippe	PROPN
cblr-1717	490	10	dauman	dauman	NOUN
cblr-1717	490	11	and	and	CCONJ
cblr-1717	490	12	general	general	PROPN
cblr-1717	490	13	electric	electric	PROPN
cblr-1717	490	14	co.	co.	PROPN
cblr-1717	490	15	’s	’s	PART
cblr-1717	490	16	jeff	jeff	PROPN
cblr-1717	490	17	immelt	immelt	PROPN
cblr-1717	490	18	as	as	ADP
cblr-1717	490	19	two	two	NUM
cblr-1717	490	20	of	of	ADP
cblr-1717	490	21	the	the	DET
cblr-1717	490	22	ten	ten	NUM
cblr-1717	490	23	best	well	ADV
cblr-1717	490	24	-	-	PUNCT
cblr-1717	490	25	paid	pay	VERB
cblr-1717	490	26	ceos	ceos	NOUN
cblr-1717	490	27	and	and	CCONJ
cblr-1717	490	28	as	as	ADP
cblr-1717	490	29	receiving	receive	VERB
cblr-1717	490	30	higher	high	ADJ
cblr-1717	490	31	compensation	compensation	NOUN
cblr-1717	490	32	in	in	ADP
cblr-1717	490	33	2015	2015	NUM
cblr-1717	490	34	despite	despite	SCONJ
cblr-1717	490	35	the	the	DET
cblr-1717	490	36	total	total	ADJ
cblr-1717	490	37	shareholder	shareholder	NOUN
cblr-1717	490	38	value	value	NOUN
cblr-1717	490	39	ades	ade	NOUN
cblr-1717	490	40	-	-	PUNCT
cblr-1717	490	41	laurent	laurent	NOUN
cblr-1717	490	42	–	–	PUNCT
cblr-1717	490	43	final	final	ADJ
cblr-1717	490	44	378	378	NUM
cblr-1717	490	45	columbia	columbia	PROPN
cblr-1717	490	46	business	business	NOUN
cblr-1717	490	47	law	law	PROPN
cblr-1717	490	48	review	review	NOUN
cblr-1717	490	49	[	[	X
cblr-1717	490	50	vol	vol	NOUN
cblr-1717	490	51	.	.	NOUN
cblr-1717	490	52	2017	2017	NUM
cblr-1717	491	1	yet	yet	CCONJ
cblr-1717	491	2	the	the	DET
cblr-1717	491	3	legislation	legislation	NOUN
cblr-1717	491	4	and	and	CCONJ
cblr-1717	491	5	tax	tax	NOUN
cblr-1717	491	6	restructuring	restructuring	NOUN
cblr-1717	491	7	discussed	discuss	VERB
cblr-1717	491	8	in	in	ADP
cblr-1717	491	9	part	part	NOUN
cblr-1717	491	10	ii	ii	PROPN
cblr-1717	491	11	should	should	AUX
cblr-1717	491	12	affect	affect	VERB
cblr-1717	491	13	the	the	DET
cblr-1717	491	14	composition	composition	NOUN
cblr-1717	491	15	of	of	ADP
cblr-1717	491	16	all	all	DET
cblr-1717	491	17	senior	senior	ADJ
cblr-1717	491	18	executive	executive	ADJ
cblr-1717	491	19	compensation	compensation	NOUN
cblr-1717	491	20	packages	package	NOUN
cblr-1717	491	21	equally	equally	ADV
cblr-1717	491	22	:	:	PUNCT
cblr-1717	491	23	the	the	DET
cblr-1717	491	24	sec	sec	PROPN
cblr-1717	491	25	did	do	AUX
cblr-1717	491	26	not	not	PART
cblr-1717	491	27	single	single	VERB
cblr-1717	491	28	out	out	ADP
cblr-1717	491	29	ceos	ceos	NOUN
cblr-1717	491	30	for	for	ADP
cblr-1717	491	31	enhanced	enhanced	ADJ
cblr-1717	491	32	disclosure	disclosure	NOUN
cblr-1717	491	33	.	.	PUNCT
cblr-1717	492	1	the	the	DET
cblr-1717	492	2	evidence	evidence	NOUN
cblr-1717	492	3	in	in	ADP
cblr-1717	492	4	figure	figure	NOUN
cblr-1717	492	5	3	3	NUM
cblr-1717	492	6	,	,	PUNCT
cblr-1717	492	7	however	however	ADV
cblr-1717	492	8	,	,	PUNCT
cblr-1717	492	9	paints	paint	VERB
cblr-1717	492	10	a	a	DET
cblr-1717	492	11	different	different	ADJ
cblr-1717	492	12	story	story	NOUN
cblr-1717	492	13	.	.	PUNCT
cblr-1717	493	1	figure	figure	NOUN
cblr-1717	493	2	3	3	NUM
cblr-1717	493	3	compares	compare	VERB
cblr-1717	493	4	the	the	DET
cblr-1717	493	5	percentages	percentage	NOUN
cblr-1717	493	6	of	of	ADP
cblr-1717	493	7	stock	stock	NOUN
cblr-1717	493	8	and	and	CCONJ
cblr-1717	493	9	options	option	NOUN
cblr-1717	493	10	in	in	ADP
cblr-1717	493	11	overall	overall	ADJ
cblr-1717	493	12	senior	senior	ADJ
cblr-1717	493	13	executive	executive	ADJ
cblr-1717	493	14	compensation	compensation	NOUN
cblr-1717	493	15	with	with	ADP
cblr-1717	493	16	those	those	PRON
cblr-1717	493	17	of	of	ADP
cblr-1717	493	18	ceos.117	ceos.117	NUM
cblr-1717	493	19	at	at	ADP
cblr-1717	493	20	each	each	DET
cblr-1717	493	21	company	company	NOUN
cblr-1717	493	22	falling	fall	VERB
cblr-1717	493	23	that	that	DET
cblr-1717	493	24	year	year	NOUN
cblr-1717	493	25	.	.	PUNCT
cblr-1717	494	1	i	i	PRON
cblr-1717	494	2	d.	d.	PROPN
cblr-1717	494	3	;	;	PUNCT
cblr-1717	494	4	see	see	VERB
cblr-1717	494	5	also	also	ADV
cblr-1717	494	6	michael	michael	PROPN
cblr-1717	494	7	c.	c.	PROPN
cblr-1717	494	8	jensen	jensen	PROPN
cblr-1717	494	9	&	&	CCONJ
cblr-1717	494	10	kevin	kevin	PROPN
cblr-1717	494	11	j.	j.	PROPN
cblr-1717	494	12	murphy	murphy	PROPN
cblr-1717	494	13	,	,	PUNCT
cblr-1717	494	14	ceo	ceo	NOUN
cblr-1717	494	15	incentives	incentive	NOUN
cblr-1717	494	16	—	—	PUNCT
cblr-1717	494	17	it	it	PRON
cblr-1717	494	18	’s	’	VERB
cblr-1717	494	19	not	not	PART
cblr-1717	494	20	how	how	SCONJ
cblr-1717	494	21	much	much	ADJ
cblr-1717	494	22	you	you	PRON
cblr-1717	494	23	pay	pay	VERB
cblr-1717	494	24	,	,	PUNCT
cblr-1717	494	25	but	but	CCONJ
cblr-1717	494	26	how	how	SCONJ
cblr-1717	494	27	,	,	PUNCT
cblr-1717	494	28	harv	harv	NOUN
cblr-1717	494	29	.	.	PUNCT
cblr-1717	495	1	bus	bus	NOUN
cblr-1717	495	2	.	.	PUNCT
cblr-1717	496	1	rev	rev	PROPN
cblr-1717	496	2	.	.	PROPN
cblr-1717	497	1	(	(	PUNCT
cblr-1717	497	2	1990	1990	NUM
cblr-1717	497	3	)	)	PUNCT
cblr-1717	497	4	,	,	PUNCT
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cblr-1717	498	1	[	[	X
cblr-1717	498	2	https://perma.cc/3pd7-k482](providing	https://perma.cc/3pd7-k482](provide	VERB
cblr-1717	498	3	a	a	DET
cblr-1717	498	4	review	review	NOUN
cblr-1717	498	5	of	of	ADP
cblr-1717	498	6	u.s	u.s	PROPN
cblr-1717	498	7	.	.	PROPN
cblr-1717	498	8	ceo	ceo	PROPN
cblr-1717	498	9	compensation	compensation	NOUN
cblr-1717	498	10	from	from	ADP
cblr-1717	498	11	1969	1969	NUM
cblr-1717	498	12	to	to	ADP
cblr-1717	498	13	1983	1983	NUM
cblr-1717	498	14	and	and	CCONJ
cblr-1717	498	15	revealing	reveal	VERB
cblr-1717	498	16	that	that	SCONJ
cblr-1717	498	17	ceo	ceo	NOUN
cblr-1717	498	18	pay	pay	NOUN
cblr-1717	498	19	is	be	AUX
cblr-1717	498	20	hardly	hardly	ADV
cblr-1717	498	21	keyed	key	VERB
cblr-1717	498	22	to	to	ADP
cblr-1717	498	23	the	the	DET
cblr-1717	498	24	performance	performance	NOUN
cblr-1717	498	25	of	of	ADP
cblr-1717	498	26	the	the	DET
cblr-1717	498	27	corporations	corporation	NOUN
cblr-1717	498	28	they	they	PRON
cblr-1717	498	29	run	run	VERB
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cblr-1717	498	31	.	.	PUNCT
cblr-1717	499	1	see	see	VERB
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cblr-1717	499	3	walker	walker	PROPN
cblr-1717	499	4	,	,	PUNCT
cblr-1717	499	5	supra	supra	PROPN
cblr-1717	499	6	note	note	PROPN
cblr-1717	499	7	86	86	NUM
cblr-1717	499	8	,	,	PUNCT
cblr-1717	499	9	at	at	ADP
cblr-1717	499	10	613	613	NUM
cblr-1717	499	11	for	for	ADP
cblr-1717	499	12	a	a	DET
cblr-1717	499	13	study	study	NOUN
cblr-1717	499	14	of	of	ADP
cblr-1717	499	15	the	the	DET
cblr-1717	499	16	make	make	VERB
cblr-1717	499	17	-	-	PUNCT
cblr-1717	499	18	up	up	NOUN
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cblr-1717	499	22	packages	package	NOUN
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cblr-1717	499	25	and	and	CCONJ
cblr-1717	499	26	2006	2006	NUM
cblr-1717	499	27	.	.	PUNCT
cblr-1717	500	1	117	117	NUM
cblr-1717	500	2	interestingly	interestingly	ADV
cblr-1717	500	3	,	,	PUNCT
cblr-1717	500	4	the	the	DET
cblr-1717	500	5	data	datum	NOUN
cblr-1717	500	6	include	include	VERB
cblr-1717	500	7	different	different	ADJ
cblr-1717	500	8	numbers	number	NOUN
cblr-1717	500	9	of	of	ADP
cblr-1717	500	10	ceos	ceos	NOUN
cblr-1717	500	11	than	than	ADP
cblr-1717	500	12	cfos	cfos	PROPN
cblr-1717	500	13	.	.	PUNCT
cblr-1717	501	1	in	in	ADP
cblr-1717	501	2	2006	2006	NUM
cblr-1717	501	3	,	,	PUNCT
cblr-1717	501	4	1333	1333	NUM
cblr-1717	501	5	ceos	ceo	NOUN
cblr-1717	501	6	,	,	PUNCT
cblr-1717	501	7	but	but	CCONJ
cblr-1717	501	8	only	only	ADV
cblr-1717	501	9	770	770	NUM
cblr-1717	501	10	cfos	cfo	NOUN
cblr-1717	501	11	,	,	PUNCT
cblr-1717	501	12	were	be	AUX
cblr-1717	501	13	included	include	VERB
cblr-1717	501	14	.	.	PUNCT
cblr-1717	502	1	in	in	ADP
cblr-1717	502	2	2013	2013	NUM
cblr-1717	502	3	,	,	PUNCT
cblr-1717	502	4	there	there	PRON
cblr-1717	502	5	were	be	VERB
cblr-1717	502	6	about	about	ADV
cblr-1717	502	7	1000	1000	NUM
cblr-1717	502	8	more	more	ADJ
cblr-1717	502	9	ceos	ceo	NOUN
cblr-1717	502	10	reported	report	VERB
cblr-1717	502	11	than	than	ADP
cblr-1717	502	12	cfos	cfos	PROPN
cblr-1717	502	13	.	.	PUNCT
cblr-1717	503	1	however	however	ADV
cblr-1717	503	2	,	,	PUNCT
cblr-1717	503	3	by	by	ADP
cblr-1717	503	4	2014	2014	NUM
cblr-1717	503	5	,	,	PUNCT
cblr-1717	503	6	the	the	DET
cblr-1717	503	7	gap	gap	NOUN
cblr-1717	503	8	had	have	AUX
cblr-1717	503	9	narrowed	narrow	VERB
cblr-1717	503	10	:	:	PUNCT
cblr-1717	503	11	1773	1773	NUM
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cblr-1717	503	15	,	,	PUNCT
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cblr-1717	503	20	.	.	PUNCT
cblr-1717	504	1	interestingly	interestingly	ADV
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cblr-1717	504	4	sec	sec	PROPN
cblr-1717	504	5	disclosure	disclosure	NOUN
cblr-1717	504	6	rules	rule	NOUN
cblr-1717	504	7	mandate	mandate	VERB
cblr-1717	504	8	that	that	SCONJ
cblr-1717	504	9	each	each	DET
cblr-1717	504	10	company	company	NOUN
cblr-1717	504	11	must	must	AUX
cblr-1717	504	12	report	report	VERB
cblr-1717	504	13	the	the	DET
cblr-1717	504	14	executive	executive	PROPN
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cblr-1717	504	16	package	package	NOUN
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cblr-1717	504	18	-	-	PUNCT
cblr-1717	504	19	up	up	NOUN
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cblr-1717	504	24	cfo	cfo	PROPN
cblr-1717	504	25	,	,	PUNCT
cblr-1717	504	26	and	and	CCONJ
cblr-1717	504	27	the	the	DET
cblr-1717	504	28	three	three	NUM
cblr-1717	504	29	next	next	ADJ
cblr-1717	504	30	-	-	PUNCT
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cblr-1717	504	32	-	-	PUNCT
cblr-1717	504	33	paid	pay	VERB
cblr-1717	504	34	executives	executive	NOUN
cblr-1717	504	35	;	;	PUNCT
cblr-1717	504	36	consequently	consequently	ADV
cblr-1717	504	37	,	,	PUNCT
cblr-1717	504	38	after	after	ADP
cblr-1717	504	39	2006	2006	NUM
cblr-1717	504	40	,	,	PUNCT
cblr-1717	504	41	the	the	DET
cblr-1717	504	42	number	number	NOUN
cblr-1717	504	43	of	of	ADP
cblr-1717	504	44	ceos	ceos	NOUN
cblr-1717	504	45	and	and	CCONJ
cblr-1717	504	46	cfos	cfos	PROPN
cblr-1717	504	47	reported	report	VERB
cblr-1717	504	48	should	should	AUX
cblr-1717	504	49	be	be	AUX
cblr-1717	504	50	identical	identical	ADJ
cblr-1717	504	51	.	.	PUNCT
cblr-1717	505	1	executive	executive	ADJ
cblr-1717	505	2	compensation	compensation	NOUN
cblr-1717	505	3	and	and	CCONJ
cblr-1717	505	4	related	related	ADJ
cblr-1717	505	5	person	person	NOUN
cblr-1717	505	6	disclosure	disclosure	NOUN
cblr-1717	505	7	,	,	PUNCT
cblr-1717	505	8	71	71	NUM
cblr-1717	505	9	fed	fed	PROPN
cblr-1717	505	10	.	.	PUNCT
cblr-1717	506	1	reg	reg	PROPN
cblr-1717	506	2	.	.	PROPN
cblr-1717	506	3	53,158	53,158	NUM
cblr-1717	506	4	,	,	PUNCT
cblr-1717	506	5	53,241	53,241	NUM
cblr-1717	506	6	(	(	PUNCT
cblr-1717	506	7	sept	sept	PROPN
cblr-1717	506	8	.	.	PROPN
cblr-1717	506	9	8	8	NUM
cblr-1717	506	10	,	,	PUNCT
cblr-1717	506	11	2006	2006	NUM
cblr-1717	506	12	)	)	PUNCT
cblr-1717	506	13	(	(	PUNCT
cblr-1717	506	14	to	to	PART
cblr-1717	506	15	be	be	AUX
cblr-1717	506	16	codified	codify	VERB
cblr-1717	506	17	at	at	ADP
cblr-1717	506	18	17	17	NUM
cblr-1717	506	19	c.f.r	c.f.r	NOUN
cblr-1717	506	20	.	.	PUNCT
cblr-1717	507	1	pts	pts	PROPN
cblr-1717	507	2	.	.	PROPN
cblr-1717	507	3	228	228	NUM
cblr-1717	507	4	,	,	PUNCT
cblr-1717	507	5	229	229	NUM
cblr-1717	507	6	,	,	PUNCT
cblr-1717	507	7	232	232	NUM
cblr-1717	507	8	,	,	PUNCT
cblr-1717	507	9	239	239	NUM
cblr-1717	507	10	,	,	PUNCT
cblr-1717	507	11	240	240	NUM
cblr-1717	507	12	,	,	PUNCT
cblr-1717	507	13	245	245	NUM
cblr-1717	507	14	,	,	PUNCT
cblr-1717	507	15	249	249	NUM
cblr-1717	507	16	,	,	PUNCT
cblr-1717	507	17	274	274	NUM
cblr-1717	507	18	)	)	PUNCT
cblr-1717	507	19	.	.	PUNCT
cblr-1717	508	1	resolving	resolve	VERB
cblr-1717	508	2	this	this	DET
cblr-1717	508	3	discrepancy	discrepancy	NOUN
cblr-1717	508	4	is	be	AUX
cblr-1717	508	5	beyond	beyond	ADP
cblr-1717	508	6	the	the	DET
cblr-1717	508	7	scope	scope	NOUN
cblr-1717	508	8	of	of	ADP
cblr-1717	508	9	this	this	DET
cblr-1717	508	10	note	note	NOUN
cblr-1717	508	11	.	.	PUNCT
cblr-1717	509	1	ades	ade	NOUN
cblr-1717	509	2	-	-	PUNCT
cblr-1717	509	3	laurent	laurent	NOUN
cblr-1717	509	4	–	–	PUNCT
cblr-1717	509	5	final	final	ADJ
cblr-1717	509	6	no	no	NOUN
cblr-1717	509	7	.	.	PUNCT
cblr-1717	510	1	1:347	1:347	NUM
cblr-1717	510	2	]	]	PUNCT
cblr-1717	510	3	disappearing	disappear	VERB
cblr-1717	510	4	stock	stock	NOUN
cblr-1717	510	5	options	option	NOUN
cblr-1717	510	6	379	379	NUM
cblr-1717	510	7	figure	figure	NOUN
cblr-1717	510	8	3	3	NUM
cblr-1717	510	9	figure	figure	NOUN
cblr-1717	510	10	3	3	NUM
cblr-1717	510	11	demonstrates	demonstrate	VERB
cblr-1717	510	12	that	that	SCONJ
cblr-1717	510	13	while	while	SCONJ
cblr-1717	510	14	both	both	DET
cblr-1717	510	15	components	component	NOUN
cblr-1717	510	16	of	of	ADP
cblr-1717	510	17	ceo	ceo	PROPN
cblr-1717	510	18	equity	equity	PROPN
cblr-1717	510	19	compensation	compensation	PROPN
cblr-1717	510	20	outpaced	outpace	VERB
cblr-1717	510	21	equity	equity	NOUN
cblr-1717	510	22	compensation	compensation	NOUN
cblr-1717	510	23	for	for	ADP
cblr-1717	510	24	all	all	DET
cblr-1717	510	25	executives	executive	NOUN
cblr-1717	510	26	,	,	PUNCT
cblr-1717	510	27	the	the	DET
cblr-1717	510	28	components	component	NOUN
cblr-1717	510	29	of	of	ADP
cblr-1717	510	30	ceo	ceo	PROPN
cblr-1717	510	31	equity	equity	NOUN
cblr-1717	510	32	compensation	compensation	NOUN
cblr-1717	510	33	grew	grow	VERB
cblr-1717	510	34	at	at	ADP
cblr-1717	510	35	different	different	ADJ
cblr-1717	510	36	rates	rate	NOUN
cblr-1717	510	37	.	.	PUNCT
cblr-1717	511	1	the	the	DET
cblr-1717	511	2	difference	difference	NOUN
cblr-1717	511	3	between	between	ADP
cblr-1717	511	4	the	the	DET
cblr-1717	511	5	option	option	NOUN
cblr-1717	511	6	composition	composition	NOUN
cblr-1717	511	7	of	of	ADP
cblr-1717	511	8	ceo	ceo	NOUN
cblr-1717	511	9	compensation	compensation	NOUN
cblr-1717	511	10	and	and	CCONJ
cblr-1717	511	11	overall	overall	ADJ
cblr-1717	511	12	compensation	compensation	NOUN
cblr-1717	511	13	narrowed	narrow	VERB
cblr-1717	511	14	over	over	ADP
cblr-1717	511	15	time	time	NOUN
cblr-1717	511	16	.	.	PUNCT
cblr-1717	512	1	in	in	ADP
cblr-1717	512	2	2006	2006	NUM
cblr-1717	512	3	,	,	PUNCT
cblr-1717	512	4	options	option	NOUN
cblr-1717	512	5	comprised	comprise	VERB
cblr-1717	512	6	15	15	NUM
cblr-1717	512	7	%	%	NOUN
cblr-1717	512	8	of	of	ADP
cblr-1717	512	9	ceos	ceos	NOUN
cblr-1717	512	10	’	'	PUNCT
cblr-1717	512	11	packages	package	NOUN
cblr-1717	512	12	compared	compare	VERB
cblr-1717	512	13	to	to	ADP
cblr-1717	512	14	12.5	12.5	NUM
cblr-1717	512	15	%	%	NOUN
cblr-1717	512	16	overall	overall	ADJ
cblr-1717	512	17	.	.	PUNCT
cblr-1717	513	1	the	the	DET
cblr-1717	513	2	most	most	ADV
cblr-1717	513	3	recent	recent	ADJ
cblr-1717	513	4	data	datum	NOUN
cblr-1717	513	5	from	from	ADP
cblr-1717	513	6	2014	2014	NUM
cblr-1717	513	7	show	show	NOUN
cblr-1717	513	8	that	that	SCONJ
cblr-1717	513	9	while	while	SCONJ
cblr-1717	513	10	ceos	ceo	NOUN
cblr-1717	513	11	are	be	AUX
cblr-1717	513	12	still	still	ADV
cblr-1717	513	13	granted	grant	VERB
cblr-1717	513	14	more	more	ADJ
cblr-1717	513	15	options	option	NOUN
cblr-1717	513	16	than	than	ADP
cblr-1717	513	17	other	other	ADJ
cblr-1717	513	18	executives	executive	NOUN
cblr-1717	513	19	,	,	PUNCT
cblr-1717	513	20	the	the	DET
cblr-1717	513	21	difference	difference	NOUN
cblr-1717	513	22	in	in	ADP
cblr-1717	513	23	option	option	NOUN
cblr-1717	513	24	composition	composition	NOUN
cblr-1717	513	25	between	between	ADP
cblr-1717	513	26	ceos	ceo	NOUN
cblr-1717	513	27	and	and	CCONJ
cblr-1717	513	28	other	other	ADJ
cblr-1717	513	29	executives	executive	NOUN
cblr-1717	513	30	is	be	AUX
cblr-1717	513	31	currently	currently	ADV
cblr-1717	513	32	only	only	ADV
cblr-1717	513	33	1.5	1.5	NUM
cblr-1717	513	34	%	%	NOUN
cblr-1717	513	35	.	.	PUNCT
cblr-1717	514	1	the	the	DET
cblr-1717	514	2	difference	difference	NOUN
cblr-1717	514	3	between	between	ADP
cblr-1717	514	4	the	the	DET
cblr-1717	514	5	stock	stock	NOUN
cblr-1717	514	6	compensation	compensation	NOUN
cblr-1717	514	7	of	of	ADP
cblr-1717	514	8	ceos	ceos	NOUN
cblr-1717	514	9	and	and	CCONJ
cblr-1717	514	10	that	that	PRON
cblr-1717	514	11	of	of	ADP
cblr-1717	514	12	executives	executive	NOUN
cblr-1717	514	13	overall	overall	ADJ
cblr-1717	514	14	,	,	PUNCT
cblr-1717	514	15	however	however	ADV
cblr-1717	514	16	,	,	PUNCT
cblr-1717	514	17	has	have	AUX
cblr-1717	514	18	widened	widen	VERB
cblr-1717	514	19	from	from	ADP
cblr-1717	514	20	a	a	DET
cblr-1717	514	21	gap	gap	NOUN
cblr-1717	514	22	of	of	ADP
cblr-1717	514	23	2	2	NUM
cblr-1717	514	24	%	%	NOUN
cblr-1717	514	25	in	in	ADP
cblr-1717	514	26	2006	2006	NUM
cblr-1717	514	27	to	to	ADP
cblr-1717	514	28	almost	almost	ADV
cblr-1717	514	29	6	6	NUM
cblr-1717	514	30	%	%	NOUN
cblr-1717	514	31	in	in	ADP
cblr-1717	514	32	2014	2014	NUM
cblr-1717	514	33	.	.	PUNCT
cblr-1717	515	1	stocks	stock	NOUN
cblr-1717	515	2	currently	currently	ADV
cblr-1717	515	3	make	make	VERB
cblr-1717	515	4	up	up	ADP
cblr-1717	515	5	about	about	ADV
cblr-1717	515	6	78	78	NUM
cblr-1717	515	7	%	%	NOUN
cblr-1717	515	8	of	of	ADP
cblr-1717	515	9	ceos	ceos	NOUN
cblr-1717	515	10	’	'	PUNCT
cblr-1717	515	11	equity	equity	NOUN
cblr-1717	515	12	pay	pay	NOUN
cblr-1717	515	13	and	and	CCONJ
cblr-1717	515	14	almost	almost	ADV
cblr-1717	515	15	40	40	NUM
cblr-1717	515	16	%	%	NOUN
cblr-1717	515	17	of	of	ADP
cblr-1717	515	18	the	the	DET
cblr-1717	515	19	total	total	ADJ
cblr-1717	515	20	compensation	compensation	NOUN
cblr-1717	515	21	package	package	NOUN
cblr-1717	515	22	.	.	PUNCT
cblr-1717	516	1	it	it	PRON
cblr-1717	516	2	is	be	AUX
cblr-1717	516	3	unsurprising	unsurprising	ADJ
cblr-1717	516	4	that	that	SCONJ
cblr-1717	516	5	ceos	ceo	NOUN
cblr-1717	516	6	receive	receive	VERB
cblr-1717	516	7	a	a	DET
cblr-1717	516	8	greater	great	ADJ
cblr-1717	516	9	composition	composition	NOUN
cblr-1717	516	10	of	of	ADP
cblr-1717	516	11	their	their	PRON
cblr-1717	516	12	compensation	compensation	NOUN
cblr-1717	516	13	in	in	ADP
cblr-1717	516	14	the	the	DET
cblr-1717	516	15	form	form	NOUN
cblr-1717	516	16	of	of	ADP
cblr-1717	516	17	equity	equity	NOUN
cblr-1717	516	18	pay	pay	NOUN
cblr-1717	516	19	for	for	ADP
cblr-1717	516	20	two	two	NUM
cblr-1717	516	21	reasons	reason	NOUN
cblr-1717	516	22	.	.	PUNCT
cblr-1717	517	1	the	the	DET
cblr-1717	517	2	first	first	ADJ
cblr-1717	517	3	is	be	AUX
cblr-1717	517	4	that	that	SCONJ
cblr-1717	517	5	the	the	DET
cblr-1717	517	6	ceo	ceo	NOUN
cblr-1717	517	7	is	be	AUX
cblr-1717	517	8	the	the	DET
cblr-1717	517	9	public	public	ADJ
cblr-1717	517	10	face	face	NOUN
cblr-1717	517	11	of	of	ADP
cblr-1717	517	12	the	the	DET
cblr-1717	517	13	company	company	NOUN
cblr-1717	517	14	and	and	CCONJ
cblr-1717	517	15	is	be	AUX
cblr-1717	517	16	held	hold	VERB
cblr-1717	517	17	responsible	responsible	ADJ
cblr-1717	517	18	for	for	ADP
cblr-1717	517	19	its	its	PRON
cblr-1717	517	20	performance	performance	NOUN
cblr-1717	517	21	by	by	ADP
cblr-1717	517	22	0.00	0.00	NUM
cblr-1717	517	23	%	%	NOUN
cblr-1717	517	24	5.00	5.00	NUM
cblr-1717	517	25	%	%	NOUN
cblr-1717	517	26	10.00	10.00	NUM
cblr-1717	517	27	%	%	NOUN
cblr-1717	517	28	15.00	15.00	NUM
cblr-1717	517	29	%	%	NOUN
cblr-1717	517	30	20.00	20.00	NUM
cblr-1717	517	31	%	%	NOUN
cblr-1717	517	32	25.00	25.00	NUM
cblr-1717	517	33	%	%	NOUN
cblr-1717	517	34	30.00	30.00	NUM
cblr-1717	517	35	%	%	NOUN
cblr-1717	517	36	35.00	35.00	NUM
cblr-1717	517	37	%	%	NOUN
cblr-1717	517	38	40.00	40.00	NUM
cblr-1717	517	39	%	%	NOUN
cblr-1717	517	40	45.00	45.00	NUM
cblr-1717	517	41	%	%	NOUN
cblr-1717	517	42	20	20	NUM
cblr-1717	517	43	06	06	NUM
cblr-1717	517	44	20	20	NUM
cblr-1717	517	45	07	07	NUM
cblr-1717	517	46	20	20	NUM
cblr-1717	517	47	08	08	NUM
cblr-1717	517	48	20	20	NUM
cblr-1717	517	49	09	09	NUM
cblr-1717	517	50	20	20	NUM
cblr-1717	517	51	10	10	NUM
cblr-1717	517	52	20	20	NUM
cblr-1717	517	53	11	11	NUM
cblr-1717	517	54	20	20	NUM
cblr-1717	517	55	12	12	NUM
cblr-1717	517	56	20	20	NUM
cblr-1717	517	57	13	13	NUM
cblr-1717	517	58	20	20	NUM
cblr-1717	517	59	14pe	14pe	ADJ
cblr-1717	517	60	rc	rc	PROPN
cblr-1717	517	61	en	en	X
cblr-1717	517	62	ta	ta	X
cblr-1717	517	63	ge	ge	PROPN
cblr-1717	518	1	o	o	PROPN
cblr-1717	519	1	f	f	X
cblr-1717	519	2	t	t	PROPN
cblr-1717	519	3	ot	ot	INTJ
cblr-1717	520	1	al	al	PROPN
cblr-1717	520	2	c	c	PROPN
cblr-1717	520	3	om	om	PROPN
cblr-1717	520	4	pe	pe	PROPN
cblr-1717	520	5	ns	ns	PROPN
cblr-1717	520	6	a2	a2	PROPN
cblr-1717	520	7	on	on	ADP
cblr-1717	520	8	year	year	NOUN
cblr-1717	520	9	ceo	ceo	NOUN
cblr-1717	520	10	equity	equity	NOUN
cblr-1717	520	11	pay	pay	NOUN
cblr-1717	520	12	compared	compare	VERB
cblr-1717	520	13	with	with	ADP
cblr-1717	520	14	all	all	DET
cblr-1717	520	15	executives	executive	NOUN
cblr-1717	520	16	opt(total	opt(total	ADJ
cblr-1717	520	17	)	)	PUNCT
cblr-1717	520	18	rst(total	rst(total	ADJ
cblr-1717	520	19	)	)	PUNCT
cblr-1717	520	20	opt(ceo	opt(ceo	NOUN
cblr-1717	520	21	)	)	PUNCT
cblr-1717	521	1	rst(ceo	rst(ceo	PROPN
cblr-1717	521	2	)	)	PUNCT
cblr-1717	521	3	ades	ade	NOUN
cblr-1717	521	4	-	-	PUNCT
cblr-1717	521	5	laurent	laurent	NOUN
cblr-1717	521	6	–	–	PUNCT
cblr-1717	521	7	final	final	ADJ
cblr-1717	521	8	380	380	NUM
cblr-1717	521	9	columbia	columbia	PROPN
cblr-1717	521	10	business	business	NOUN
cblr-1717	521	11	law	law	NOUN
cblr-1717	521	12	review	review	NOUN
cblr-1717	521	13	[	[	X
cblr-1717	521	14	vol	vol	NOUN
cblr-1717	521	15	.	.	NOUN
cblr-1717	521	16	2017	2017	NUM
cblr-1717	521	17	external	external	ADJ
cblr-1717	521	18	shareholders.118	shareholders.118	NOUN
cblr-1717	521	19	thus	thus	ADV
cblr-1717	521	20	,	,	PUNCT
cblr-1717	521	21	it	it	PRON
cblr-1717	521	22	is	be	AUX
cblr-1717	521	23	logical	logical	ADJ
cblr-1717	521	24	to	to	PART
cblr-1717	521	25	tie	tie	VERB
cblr-1717	521	26	a	a	DET
cblr-1717	521	27	greater	great	ADJ
cblr-1717	521	28	percentage	percentage	NOUN
cblr-1717	521	29	of	of	ADP
cblr-1717	521	30	a	a	DET
cblr-1717	521	31	ceo	ceo	NOUN
cblr-1717	521	32	’s	’s	PART
cblr-1717	521	33	pay	pay	NOUN
cblr-1717	521	34	to	to	ADP
cblr-1717	521	35	the	the	DET
cblr-1717	521	36	performance	performance	NOUN
cblr-1717	521	37	of	of	ADP
cblr-1717	521	38	the	the	DET
cblr-1717	521	39	company	company	NOUN
cblr-1717	521	40	.	.	PUNCT
cblr-1717	522	1	the	the	DET
cblr-1717	522	2	second	second	ADJ
cblr-1717	522	3	is	be	AUX
cblr-1717	522	4	that	that	SCONJ
cblr-1717	522	5	equity	equity	NOUN
cblr-1717	522	6	-	-	PUNCT
cblr-1717	522	7	based	base	VERB
cblr-1717	522	8	pay	pay	NOUN
cblr-1717	522	9	may	may	AUX
cblr-1717	522	10	give	give	VERB
cblr-1717	522	11	ceos	ceo	NOUN
cblr-1717	522	12	an	an	DET
cblr-1717	522	13	incentive	incentive	NOUN
cblr-1717	522	14	to	to	PART
cblr-1717	522	15	take	take	VERB
cblr-1717	522	16	on	on	ADP
cblr-1717	522	17	risk	risk	NOUN
cblr-1717	522	18	.	.	PUNCT
cblr-1717	523	1	if	if	SCONJ
cblr-1717	523	2	stock	stock	NOUN
cblr-1717	523	3	returns	return	VERB
cblr-1717	523	4	dip	dip	NOUN
cblr-1717	523	5	,	,	PUNCT
cblr-1717	523	6	for	for	ADP
cblr-1717	523	7	example	example	NOUN
cblr-1717	523	8	,	,	PUNCT
cblr-1717	523	9	ceos	ceo	NOUN
cblr-1717	523	10	will	will	AUX
cblr-1717	523	11	begin	begin	VERB
cblr-1717	523	12	to	to	PART
cblr-1717	523	13	worry	worry	VERB
cblr-1717	523	14	about	about	ADP
cblr-1717	523	15	their	their	PRON
cblr-1717	523	16	own	own	ADJ
cblr-1717	523	17	portfolios	portfolio	NOUN
cblr-1717	523	18	and	and	CCONJ
cblr-1717	523	19	consider	consider	VERB
cblr-1717	523	20	an	an	DET
cblr-1717	523	21	acquisition	acquisition	NOUN
cblr-1717	523	22	or	or	CCONJ
cblr-1717	523	23	share	share	NOUN
cblr-1717	523	24	buy	buy	NOUN
cblr-1717	523	25	-	-	PUNCT
cblr-1717	523	26	back	back	NOUN
cblr-1717	523	27	to	to	PART
cblr-1717	523	28	increase	increase	VERB
cblr-1717	523	29	the	the	DET
cblr-1717	523	30	value	value	NOUN
cblr-1717	523	31	of	of	ADP
cblr-1717	523	32	the	the	DET
cblr-1717	523	33	shares	share	NOUN
cblr-1717	523	34	.	.	PUNCT
cblr-1717	524	1	other	other	ADJ
cblr-1717	524	2	senior	senior	ADJ
cblr-1717	524	3	executives	executive	NOUN
cblr-1717	524	4	,	,	PUNCT
cblr-1717	524	5	including	include	VERB
cblr-1717	524	6	cfos	cfos	NOUN
cblr-1717	524	7	,	,	PUNCT
cblr-1717	524	8	are	be	AUX
cblr-1717	524	9	not	not	PART
cblr-1717	524	10	granted	grant	VERB
cblr-1717	524	11	the	the	DET
cblr-1717	524	12	same	same	ADJ
cblr-1717	524	13	decision	decision	NOUN
cblr-1717	524	14	-	-	PUNCT
cblr-1717	524	15	making	make	VERB
cblr-1717	524	16	authority	authority	NOUN
cblr-1717	524	17	as	as	ADP
cblr-1717	524	18	ceos	ceo	NOUN
cblr-1717	524	19	,	,	PUNCT
cblr-1717	524	20	so	so	ADV
cblr-1717	524	21	cfos	cfos	PROPN
cblr-1717	524	22	’	'	PUNCT
cblr-1717	524	23	base	base	NOUN
cblr-1717	524	24	salaries	salary	NOUN
cblr-1717	524	25	have	have	VERB
cblr-1717	524	26	greater	great	ADJ
cblr-1717	524	27	weight	weight	NOUN
cblr-1717	524	28	in	in	ADP
cblr-1717	524	29	their	their	PRON
cblr-1717	524	30	compensation	compensation	NOUN
cblr-1717	524	31	mix.119	mix.119	NOUN
cblr-1717	524	32	figure	figure	NOUN
cblr-1717	524	33	3	3	NUM
cblr-1717	524	34	demonstrates	demonstrate	VERB
cblr-1717	524	35	that	that	SCONJ
cblr-1717	524	36	ceos	ceo	NOUN
cblr-1717	524	37	received	receive	VERB
cblr-1717	524	38	over	over	ADP
cblr-1717	524	39	7	7	NUM
cblr-1717	524	40	%	%	NOUN
cblr-1717	524	41	more	more	ADJ
cblr-1717	524	42	equity	equity	NOUN
cblr-1717	524	43	compensation	compensation	NOUN
cblr-1717	524	44	in	in	ADP
cblr-1717	524	45	2014	2014	NUM
cblr-1717	524	46	than	than	ADP
cblr-1717	524	47	other	other	ADJ
cblr-1717	524	48	senior	senior	ADJ
cblr-1717	524	49	executives	executive	NOUN
cblr-1717	524	50	.	.	PUNCT
cblr-1717	525	1	thus	thus	ADV
cblr-1717	525	2	,	,	PUNCT
cblr-1717	525	3	the	the	DET
cblr-1717	525	4	shift	shift	NOUN
cblr-1717	525	5	to	to	ADP
cblr-1717	525	6	stock	stock	NOUN
cblr-1717	525	7	-	-	PUNCT
cblr-1717	525	8	based	base	VERB
cblr-1717	525	9	compensation	compensation	NOUN
cblr-1717	525	10	has	have	AUX
cblr-1717	525	11	more	more	ADV
cblr-1717	525	12	quickly	quickly	ADV
cblr-1717	525	13	and	and	CCONJ
cblr-1717	525	14	drastically	drastically	ADV
cblr-1717	525	15	affected	affect	VERB
cblr-1717	525	16	ceo	ceo	NOUN
cblr-1717	525	17	pay	pay	NOUN
cblr-1717	525	18	compared	compare	VERB
cblr-1717	525	19	to	to	ADP
cblr-1717	525	20	that	that	PRON
cblr-1717	525	21	of	of	ADP
cblr-1717	525	22	other	other	ADJ
cblr-1717	525	23	senior	senior	ADJ
cblr-1717	525	24	executives	executive	NOUN
cblr-1717	525	25	.	.	PUNCT
cblr-1717	526	1	additionally	additionally	ADV
cblr-1717	526	2	,	,	PUNCT
cblr-1717	526	3	this	this	DET
cblr-1717	526	4	shift	shift	NOUN
cblr-1717	526	5	toward	toward	ADP
cblr-1717	526	6	stockbased	stockbase	VERB
cblr-1717	526	7	pay	pay	NOUN
cblr-1717	526	8	has	have	AUX
cblr-1717	526	9	had	have	VERB
cblr-1717	526	10	more	more	ADJ
cblr-1717	526	11	of	of	ADP
cblr-1717	526	12	an	an	DET
cblr-1717	526	13	impact	impact	NOUN
cblr-1717	526	14	on	on	ADP
cblr-1717	526	15	ceo	ceo	NOUN
cblr-1717	526	16	compensation	compensation	NOUN
cblr-1717	526	17	than	than	SCONJ
cblr-1717	526	18	did	do	VERB
cblr-1717	526	19	the	the	DET
cblr-1717	526	20	shift	shift	NOUN
cblr-1717	526	21	away	away	ADV
cblr-1717	526	22	from	from	ADP
cblr-1717	526	23	option	option	NOUN
cblr-1717	526	24	-	-	PUNCT
cblr-1717	526	25	based	base	VERB
cblr-1717	526	26	pay	pay	NOUN
cblr-1717	526	27	.	.	PUNCT
cblr-1717	527	1	that	that	SCONJ
cblr-1717	527	2	the	the	DET
cblr-1717	527	3	difference	difference	NOUN
cblr-1717	527	4	between	between	ADP
cblr-1717	527	5	stock	stock	NOUN
cblr-1717	527	6	and	and	CCONJ
cblr-1717	527	7	option	option	NOUN
cblr-1717	527	8	compensation	compensation	NOUN
cblr-1717	527	9	has	have	AUX
cblr-1717	527	10	fluctuated	fluctuate	VERB
cblr-1717	527	11	over	over	ADP
cblr-1717	527	12	the	the	DET
cblr-1717	527	13	nine	nine	NUM
cblr-1717	527	14	-	-	PUNCT
cblr-1717	527	15	year	year	NOUN
cblr-1717	527	16	period	period	NOUN
cblr-1717	527	17	shows	show	VERB
cblr-1717	527	18	that	that	SCONJ
cblr-1717	527	19	companies	company	NOUN
cblr-1717	527	20	,	,	PUNCT
cblr-1717	527	21	neither	neither	PRON
cblr-1717	527	22	mandated	mandate	VERB
cblr-1717	527	23	by	by	ADP
cblr-1717	527	24	sec	sec	PROPN
cblr-1717	527	25	disclosure	disclosure	NOUN
cblr-1717	527	26	regulations	regulation	NOUN
cblr-1717	527	27	nor	nor	CCONJ
cblr-1717	527	28	incentivized	incentivize	VERB
cblr-1717	527	29	by	by	ADP
cblr-1717	527	30	tax	tax	NOUN
cblr-1717	527	31	rules	rule	NOUN
cblr-1717	527	32	,	,	PUNCT
cblr-1717	527	33	have	have	AUX
cblr-1717	527	34	taken	take	VERB
cblr-1717	527	35	it	it	PRON
cblr-1717	527	36	upon	upon	SCONJ
cblr-1717	527	37	themselves	themselves	PRON
cblr-1717	527	38	to	to	PART
cblr-1717	527	39	adjust	adjust	VERB
cblr-1717	527	40	the	the	DET
cblr-1717	527	41	pay	pay	NOUN
cblr-1717	527	42	of	of	ADP
cblr-1717	527	43	ceos	ceo	NOUN
cblr-1717	527	44	more	more	ADV
cblr-1717	527	45	sharply	sharply	ADV
cblr-1717	527	46	than	than	ADP
cblr-1717	527	47	that	that	PRON
cblr-1717	527	48	of	of	ADP
cblr-1717	527	49	other	other	ADJ
cblr-1717	527	50	senior	senior	ADJ
cblr-1717	527	51	executives	executive	NOUN
cblr-1717	527	52	.	.	PUNCT
cblr-1717	528	1	118	118	NUM
cblr-1717	528	2	a.g	a.g	PROPN
cblr-1717	528	3	.	.	PROPN
cblr-1717	528	4	lafley	lafley	PROPN
cblr-1717	528	5	,	,	PUNCT
cblr-1717	528	6	what	what	PRON
cblr-1717	528	7	only	only	ADV
cblr-1717	528	8	the	the	DET
cblr-1717	528	9	ceo	ceo	NOUN
cblr-1717	528	10	can	can	AUX
cblr-1717	528	11	do	do	VERB
cblr-1717	528	12	,	,	PUNCT
cblr-1717	528	13	harv	harv	PROPN
cblr-1717	528	14	.	.	PUNCT
cblr-1717	529	1	bus	bus	NOUN
cblr-1717	529	2	.	.	PUNCT
cblr-1717	530	1	rev	rev	PROPN
cblr-1717	530	2	.	.	PROPN
cblr-1717	530	3	,	,	PUNCT
cblr-1717	530	4	may	may	PROPN
cblr-1717	530	5	2009	2009	NUM
cblr-1717	530	6	,	,	PUNCT
cblr-1717	530	7	https://hbr.org/2009/05/what-only-the-ceo-can-do	https://hbr.org/2009/05/what-only-the-ceo-can-do	PROPN
cblr-1717	531	1	[	[	X
cblr-1717	531	2	https://perma.cc/	https://perma.cc/	VERB
cblr-1717	531	3	7ltr	7ltr	NOUN
cblr-1717	531	4	-	-	PUNCT
cblr-1717	531	5	w4m6	w4m6	NOUN
cblr-1717	531	6	]	]	PUNCT
cblr-1717	531	7	.	.	PUNCT
cblr-1717	532	1	119	119	NUM
cblr-1717	532	2	the	the	DET
cblr-1717	532	3	composition	composition	NOUN
cblr-1717	532	4	of	of	ADP
cblr-1717	532	5	cfo	cfo	PROPN
cblr-1717	532	6	equity	equity	PROPN
cblr-1717	532	7	compensation	compensation	PROPN
cblr-1717	532	8	closely	closely	ADV
cblr-1717	532	9	tracks	track	VERB
cblr-1717	532	10	that	that	PRON
cblr-1717	532	11	of	of	ADP
cblr-1717	532	12	overall	overall	ADJ
cblr-1717	532	13	equity	equity	NOUN
cblr-1717	532	14	compensation	compensation	NOUN
cblr-1717	532	15	.	.	PUNCT
cblr-1717	533	1	after	after	ADP
cblr-1717	533	2	2007	2007	NUM
cblr-1717	533	3	,	,	PUNCT
cblr-1717	533	4	the	the	DET
cblr-1717	533	5	difference	difference	NOUN
cblr-1717	533	6	between	between	ADP
cblr-1717	533	7	cfo	cfo	PROPN
cblr-1717	533	8	equity	equity	PROPN
cblr-1717	533	9	compensation	compensation	PROPN
cblr-1717	533	10	and	and	CCONJ
cblr-1717	533	11	overall	overall	ADJ
cblr-1717	533	12	equity	equity	NOUN
cblr-1717	533	13	compensation	compensation	NOUN
cblr-1717	533	14	barely	barely	ADV
cblr-1717	533	15	wavered	waver	VERB
cblr-1717	533	16	above	above	ADP
cblr-1717	533	17	1	1	NUM
cblr-1717	533	18	%	%	NOUN
cblr-1717	533	19	for	for	ADP
cblr-1717	533	20	both	both	CCONJ
cblr-1717	533	21	stock	stock	NOUN
cblr-1717	533	22	and	and	CCONJ
cblr-1717	533	23	option	option	NOUN
cblr-1717	533	24	compensation	compensation	NOUN
cblr-1717	533	25	.	.	PUNCT
cblr-1717	534	1	this	this	DET
cblr-1717	534	2	result	result	NOUN
cblr-1717	534	3	is	be	AUX
cblr-1717	534	4	not	not	PART
cblr-1717	534	5	unexpected	unexpected	ADJ
cblr-1717	534	6	:	:	PUNCT
cblr-1717	534	7	sec	sec	PROPN
cblr-1717	534	8	disclosure	disclosure	NOUN
cblr-1717	534	9	rules	rule	NOUN
cblr-1717	534	10	and	and	CCONJ
cblr-1717	534	11	tax	tax	NOUN
cblr-1717	534	12	rules	rule	NOUN
cblr-1717	534	13	have	have	AUX
cblr-1717	534	14	vacillated	vacillate	VERB
cblr-1717	534	15	between	between	ADP
cblr-1717	534	16	including	include	VERB
cblr-1717	534	17	cfos	cfos	PROPN
cblr-1717	534	18	among	among	ADP
cblr-1717	534	19	the	the	DET
cblr-1717	534	20	most	most	ADV
cblr-1717	534	21	highly	highly	ADV
cblr-1717	534	22	compensated	compensated	ADJ
cblr-1717	534	23	executives	executive	NOUN
cblr-1717	534	24	,	,	PUNCT
cblr-1717	534	25	and	and	CCONJ
cblr-1717	534	26	mandating	mandate	VERB
cblr-1717	534	27	the	the	DET
cblr-1717	534	28	disclosure	disclosure	NOUN
cblr-1717	534	29	of	of	ADP
cblr-1717	534	30	cfo	cfo	PROPN
cblr-1717	534	31	compensation	compensation	PROPN
cblr-1717	534	32	regardless	regardless	ADV
cblr-1717	534	33	of	of	ADP
cblr-1717	534	34	whether	whether	SCONJ
cblr-1717	534	35	they	they	PRON
cblr-1717	534	36	are	be	AUX
cblr-1717	534	37	the	the	DET
cblr-1717	534	38	most	most	ADV
cblr-1717	534	39	highly	highly	ADV
cblr-1717	534	40	compensated	compensated	ADJ
cblr-1717	534	41	executives	executive	NOUN
cblr-1717	534	42	.	.	PUNCT
cblr-1717	535	1	executive	executive	ADJ
cblr-1717	535	2	compensation	compensation	NOUN
cblr-1717	535	3	and	and	CCONJ
cblr-1717	535	4	related	related	ADJ
cblr-1717	535	5	person	person	NOUN
cblr-1717	535	6	disclosure	disclosure	NOUN
cblr-1717	535	7	,	,	PUNCT
cblr-1717	535	8	71	71	NUM
cblr-1717	535	9	fed	fed	PROPN
cblr-1717	535	10	.	.	PUNCT
cblr-1717	536	1	reg	reg	PROPN
cblr-1717	536	2	.	.	PUNCT
cblr-1717	537	1	at	at	ADP
cblr-1717	537	2	53,241	53,241	NUM
cblr-1717	537	3	;	;	PUNCT
cblr-1717	537	4	see	see	VERB
cblr-1717	537	5	supra	supra	PROPN
cblr-1717	537	6	note	note	PROPN
cblr-1717	537	7	63	63	NUM
cblr-1717	537	8	.	.	PUNCT
cblr-1717	538	1	data	datum	NOUN
cblr-1717	538	2	is	be	AUX
cblr-1717	538	3	author	author	NOUN
cblr-1717	538	4	’s	’s	PART
cblr-1717	538	5	own	own	ADJ
cblr-1717	538	6	.	.	PUNCT
cblr-1717	539	1	ades	ade	NOUN
cblr-1717	539	2	-	-	PUNCT
cblr-1717	539	3	laurent	laurent	NOUN
cblr-1717	539	4	–	–	PUNCT
cblr-1717	539	5	final	final	ADJ
cblr-1717	539	6	no	no	NOUN
cblr-1717	539	7	.	.	PUNCT
cblr-1717	540	1	1:347	1:347	NUM
cblr-1717	540	2	]	]	PUNCT
cblr-1717	540	3	disappearing	disappear	VERB
cblr-1717	540	4	stock	stock	NOUN
cblr-1717	540	5	options	option	NOUN
cblr-1717	540	6	381	381	NUM
cblr-1717	540	7	4	4	NUM
cblr-1717	540	8	.	.	PUNCT
cblr-1717	540	9	firm	firm	ADJ
cblr-1717	540	10	size	size	NOUN
cblr-1717	540	11	a	a	DET
cblr-1717	540	12	number	number	NOUN
cblr-1717	540	13	of	of	ADP
cblr-1717	540	14	authors	author	NOUN
cblr-1717	540	15	have	have	AUX
cblr-1717	540	16	used	use	VERB
cblr-1717	540	17	firm	firm	ADJ
cblr-1717	540	18	size	size	NOUN
cblr-1717	540	19	to	to	PART
cblr-1717	540	20	evaluate	evaluate	VERB
cblr-1717	540	21	executive	executive	ADJ
cblr-1717	540	22	compensation.120	compensation.120	NOUN
cblr-1717	540	23	as	as	ADP
cblr-1717	540	24	the	the	DET
cblr-1717	540	25	s&p	s&p	PROPN
cblr-1717	540	26	500	500	NUM
cblr-1717	540	27	index	index	NOUN
cblr-1717	540	28	includes	include	VERB
cblr-1717	540	29	the	the	DET
cblr-1717	540	30	companies	company	NOUN
cblr-1717	540	31	that	that	PRON
cblr-1717	540	32	dominate	dominate	VERB
cblr-1717	540	33	the	the	DET
cblr-1717	540	34	u.s	u.s	PROPN
cblr-1717	540	35	.	.	PROPN
cblr-1717	540	36	stock	stock	NOUN
cblr-1717	540	37	market	market	NOUN
cblr-1717	540	38	in	in	ADP
cblr-1717	540	39	terms	term	NOUN
cblr-1717	540	40	of	of	ADP
cblr-1717	540	41	market	market	NOUN
cblr-1717	540	42	capitalization	capitalization	NOUN
cblr-1717	540	43	,	,	PUNCT
cblr-1717	540	44	it	it	PRON
cblr-1717	540	45	is	be	AUX
cblr-1717	540	46	generally	generally	ADV
cblr-1717	540	47	used	use	VERB
cblr-1717	540	48	as	as	ADP
cblr-1717	540	49	a	a	DET
cblr-1717	540	50	benchmark	benchmark	NOUN
cblr-1717	540	51	for	for	ADP
cblr-1717	540	52	academic	academic	ADJ
cblr-1717	540	53	studies.121	studies.121	NOUN
cblr-1717	540	54	furthermore	furthermore	ADV
cblr-1717	540	55	,	,	PUNCT
cblr-1717	540	56	large	large	ADJ
cblr-1717	540	57	firms	firm	NOUN
cblr-1717	540	58	—	—	PUNCT
cblr-1717	540	59	including	include	VERB
cblr-1717	540	60	aetna	aetna	PROPN
cblr-1717	540	61	,	,	PUNCT
cblr-1717	540	62	oracle	oracle	NOUN
cblr-1717	540	63	,	,	PUNCT
cblr-1717	540	64	and	and	CCONJ
cblr-1717	540	65	cbs	cbs	PROPN
cblr-1717	540	66	—	—	PUNCT
cblr-1717	540	67	have	have	AUX
cblr-1717	540	68	become	become	VERB
cblr-1717	540	69	household	household	NOUN
cblr-1717	540	70	names	name	NOUN
cblr-1717	540	71	and	and	CCONJ
cblr-1717	540	72	have	have	AUX
cblr-1717	540	73	received	receive	VERB
cblr-1717	540	74	the	the	DET
cblr-1717	540	75	brunt	brunt	NOUN
cblr-1717	540	76	of	of	ADP
cblr-1717	540	77	the	the	DET
cblr-1717	540	78	blame	blame	NOUN
cblr-1717	540	79	for	for	ADP
cblr-1717	540	80	runaway	runaway	ADJ
cblr-1717	540	81	executive	executive	ADJ
cblr-1717	540	82	compensation.122	compensation.122	NOUN
cblr-1717	540	83	given	give	VERB
cblr-1717	540	84	the	the	DET
cblr-1717	540	85	implications	implication	NOUN
cblr-1717	540	86	of	of	ADP
cblr-1717	540	87	firm	firm	ADJ
cblr-1717	540	88	size	size	NOUN
cblr-1717	540	89	in	in	ADP
cblr-1717	540	90	prior	prior	ADJ
cblr-1717	540	91	studies	study	NOUN
cblr-1717	540	92	,	,	PUNCT
cblr-1717	540	93	perhaps	perhaps	ADV
cblr-1717	540	94	the	the	DET
cblr-1717	540	95	composition	composition	NOUN
cblr-1717	540	96	of	of	ADP
cblr-1717	540	97	executive	executive	ADJ
cblr-1717	540	98	compensation	compensation	NOUN
cblr-1717	540	99	should	should	AUX
cblr-1717	540	100	vary	vary	VERB
cblr-1717	540	101	accordingly	accordingly	ADV
cblr-1717	540	102	—	—	PUNCT
cblr-1717	540	103	indicated	indicate	VERB
cblr-1717	540	104	by	by	ADP
cblr-1717	540	105	the	the	DET
cblr-1717	540	106	s&p	s&p	PROPN
cblr-1717	540	107	500	500	NUM
cblr-1717	540	108	,	,	PUNCT
cblr-1717	540	109	midcap	midcap	NOUN
cblr-1717	540	110	400	400	NUM
cblr-1717	540	111	,	,	PUNCT
cblr-1717	540	112	and	and	CCONJ
cblr-1717	540	113	smallcap	smallcap	NOUN
cblr-1717	540	114	600	600	NUM
cblr-1717	540	115	indices	index	NOUN
cblr-1717	540	116	.	.	PUNCT
cblr-1717	541	1	below	below	ADV
cblr-1717	541	2	in	in	ADP
cblr-1717	541	3	figure	figure	NOUN
cblr-1717	541	4	4	4	NUM
cblr-1717	541	5	and	and	CCONJ
cblr-1717	541	6	table	table	NOUN
cblr-1717	541	7	3	3	NUM
cblr-1717	541	8	,	,	PUNCT
cblr-1717	541	9	the	the	DET
cblr-1717	541	10	senior	senior	ADJ
cblr-1717	541	11	executive	executive	ADJ
cblr-1717	541	12	pay	pay	NOUN
cblr-1717	541	13	packages	package	NOUN
cblr-1717	541	14	of	of	ADP
cblr-1717	541	15	s&p	s&p	PROPN
cblr-1717	541	16	500	500	NUM
cblr-1717	541	17	firms	firm	NOUN
cblr-1717	541	18	are	be	AUX
cblr-1717	541	19	120	120	NUM
cblr-1717	541	20	see	see	NOUN
cblr-1717	541	21	,	,	PUNCT
cblr-1717	541	22	e.g.	e.g.	ADV
cblr-1717	541	23	,	,	PUNCT
cblr-1717	541	24	xavier	xavier	PROPN
cblr-1717	541	25	gabaix	gabaix	PROPN
cblr-1717	541	26	&	&	CCONJ
cblr-1717	541	27	augustin	augustin	PROPN
cblr-1717	541	28	landier	landier	PROPN
cblr-1717	541	29	,	,	PUNCT
cblr-1717	541	30	why	why	SCONJ
cblr-1717	541	31	has	have	AUX
cblr-1717	541	32	ceo	ceo	NOUN
cblr-1717	541	33	pay	pay	NOUN
cblr-1717	541	34	increased	increase	VERB
cblr-1717	541	35	so	so	ADV
cblr-1717	541	36	much	much	ADV
cblr-1717	541	37	?	?	PUNCT
cblr-1717	541	38	,	,	PUNCT
cblr-1717	541	39	123	123	NUM
cblr-1717	541	40	q.	q.	PROPN
cblr-1717	541	41	j.	j.	PROPN
cblr-1717	541	42	econ	econ	PROPN
cblr-1717	541	43	.	.	PROPN
cblr-1717	542	1	20	20	NUM
cblr-1717	542	2	(	(	PUNCT
cblr-1717	542	3	forthcoming	forthcoming	ADJ
cblr-1717	542	4	2008	2008	NUM
cblr-1717	542	5	)	)	PUNCT
cblr-1717	542	6	(	(	PUNCT
cblr-1717	542	7	finding	find	VERB
cblr-1717	542	8	a	a	DET
cblr-1717	542	9	positive	positive	ADJ
cblr-1717	542	10	correlation	correlation	NOUN
cblr-1717	542	11	between	between	ADP
cblr-1717	542	12	ceo	ceo	NOUN
cblr-1717	542	13	pay	pay	NOUN
cblr-1717	542	14	and	and	CCONJ
cblr-1717	542	15	market	market	NOUN
cblr-1717	542	16	capitalization	capitalization	NOUN
cblr-1717	542	17	in	in	ADP
cblr-1717	542	18	market	market	NOUN
cblr-1717	542	19	equilibrium	equilibrium	NOUN
cblr-1717	542	20	)	)	PUNCT
cblr-1717	542	21	;	;	PUNCT
cblr-1717	542	22	marianne	marianne	PROPN
cblr-1717	542	23	bertand	bertand	PROPN
cblr-1717	542	24	&	&	CCONJ
cblr-1717	542	25	kevin	kevin	PROPN
cblr-1717	542	26	f.	f.	PROPN
cblr-1717	542	27	hallock	hallock	PROPN
cblr-1717	542	28	,	,	PUNCT
cblr-1717	542	29	the	the	DET
cblr-1717	542	30	gender	gender	NOUN
cblr-1717	542	31	gap	gap	NOUN
cblr-1717	542	32	in	in	ADP
cblr-1717	542	33	top	top	ADJ
cblr-1717	542	34	corporate	corporate	ADJ
cblr-1717	542	35	jobs	job	NOUN
cblr-1717	542	36	,	,	PUNCT
cblr-1717	542	37	55	55	NUM
cblr-1717	542	38	indus	indus	NOUN
cblr-1717	542	39	.	.	PUNCT
cblr-1717	543	1	lab	lab	NOUN
cblr-1717	543	2	.	.	PUNCT
cblr-1717	543	3	rel	rel	PROPN
cblr-1717	543	4	.	.	PUNCT
cblr-1717	544	1	rev	rev	PROPN
cblr-1717	544	2	.	.	PROPN
cblr-1717	544	3	3	3	NUM
cblr-1717	544	4	,	,	PUNCT
cblr-1717	544	5	7	7	NUM
cblr-1717	544	6	(	(	PUNCT
cblr-1717	544	7	2001	2001	NUM
cblr-1717	544	8	)	)	PUNCT
cblr-1717	544	9	(	(	PUNCT
cblr-1717	544	10	finding	find	VERB
cblr-1717	544	11	that	that	SCONJ
cblr-1717	544	12	the	the	DET
cblr-1717	544	13	gender	gender	NOUN
cblr-1717	544	14	pay	pay	NOUN
cblr-1717	544	15	gap	gap	NOUN
cblr-1717	544	16	among	among	ADP
cblr-1717	544	17	the	the	DET
cblr-1717	544	18	highest	high	ADJ
cblr-1717	544	19	paid	pay	VERB
cblr-1717	544	20	executives	executive	NOUN
cblr-1717	544	21	is	be	AUX
cblr-1717	544	22	positively	positively	ADV
cblr-1717	544	23	related	relate	VERB
cblr-1717	544	24	to	to	ADP
cblr-1717	544	25	firm	firm	ADJ
cblr-1717	544	26	size	size	NOUN
cblr-1717	544	27	)	)	PUNCT
cblr-1717	544	28	;	;	PUNCT
cblr-1717	544	29	peter	peter	PROPN
cblr-1717	544	30	f.	f.	PROPN
cblr-1717	544	31	kostiuk	kostiuk	PROPN
cblr-1717	544	32	,	,	PUNCT
cblr-1717	544	33	firm	firm	ADJ
cblr-1717	544	34	size	size	NOUN
cblr-1717	544	35	and	and	CCONJ
cblr-1717	544	36	executive	executive	NOUN
cblr-1717	544	37	compensation	compensation	NOUN
cblr-1717	544	38	,	,	PUNCT
cblr-1717	544	39	j.	j.	PROPN
cblr-1717	544	40	hum	hum	PROPN
cblr-1717	544	41	.	.	PUNCT
cblr-1717	545	1	resources	resource	NOUN
cblr-1717	545	2	90	90	NUM
cblr-1717	545	3	(	(	PUNCT
cblr-1717	545	4	1990	1990	NUM
cblr-1717	545	5	)	)	PUNCT
cblr-1717	545	6	(	(	PUNCT
cblr-1717	545	7	finding	find	VERB
cblr-1717	545	8	that	that	SCONJ
cblr-1717	545	9	there	there	PRON
cblr-1717	545	10	is	be	VERB
cblr-1717	545	11	significant	significant	ADJ
cblr-1717	545	12	variability	variability	NOUN
cblr-1717	545	13	in	in	ADP
cblr-1717	545	14	the	the	DET
cblr-1717	545	15	level	level	NOUN
cblr-1717	545	16	of	of	ADP
cblr-1717	545	17	compensation	compensation	NOUN
cblr-1717	545	18	between	between	ADP
cblr-1717	545	19	firms	firm	NOUN
cblr-1717	545	20	of	of	ADP
cblr-1717	545	21	the	the	DET
cblr-1717	545	22	same	same	ADJ
cblr-1717	545	23	size	size	NOUN
cblr-1717	545	24	)	)	PUNCT
cblr-1717	545	25	;	;	PUNCT
cblr-1717	545	26	mary	mary	PROPN
cblr-1717	545	27	ellen	ellen	PROPN
cblr-1717	545	28	carter	carter	PROPN
cblr-1717	545	29	&	&	CCONJ
cblr-1717	545	30	luann	luann	PROPN
cblr-1717	545	31	j.	j.	PROPN
cblr-1717	545	32	lynch	lynch	PROPN
cblr-1717	545	33	,	,	PUNCT
cblr-1717	545	34	an	an	DET
cblr-1717	545	35	examination	examination	NOUN
cblr-1717	545	36	of	of	ADP
cblr-1717	545	37	executive	executive	ADJ
cblr-1717	545	38	stock	stock	NOUN
cblr-1717	545	39	option	option	NOUN
cblr-1717	545	40	repricing	repricing	NOUN
cblr-1717	545	41	,	,	PUNCT
cblr-1717	545	42	61	61	NUM
cblr-1717	545	43	j.	j.	PROPN
cblr-1717	545	44	fin	fin	PROPN
cblr-1717	545	45	.	.	PUNCT
cblr-1717	545	46	econ	econ	PROPN
cblr-1717	545	47	.	.	PUNCT
cblr-1717	546	1	207	207	NUM
cblr-1717	546	2	,	,	PUNCT
cblr-1717	546	3	219	219	NUM
cblr-1717	546	4	(	(	PUNCT
cblr-1717	546	5	2001	2001	NUM
cblr-1717	546	6	)	)	PUNCT
cblr-1717	546	7	(	(	PUNCT
cblr-1717	546	8	finding	find	VERB
cblr-1717	546	9	that	that	SCONJ
cblr-1717	546	10	stock	stock	NOUN
cblr-1717	546	11	option	option	NOUN
cblr-1717	546	12	resetting	reset	VERB
cblr-1717	546	13	is	be	AUX
cblr-1717	546	14	more	more	ADV
cblr-1717	546	15	common	common	ADJ
cblr-1717	546	16	in	in	ADP
cblr-1717	546	17	smaller	small	ADJ
cblr-1717	546	18	firms	firm	NOUN
cblr-1717	546	19	)	)	PUNCT
cblr-1717	546	20	.	.	PUNCT
cblr-1717	547	1	121	121	NUM
cblr-1717	547	2	there	there	PRON
cblr-1717	547	3	is	be	VERB
cblr-1717	547	4	over	over	ADP
cblr-1717	547	5	$	$	SYM
cblr-1717	547	6	7.8	7.8	NUM
cblr-1717	547	7	trillion	trillion	NUM
cblr-1717	547	8	benchmarked	benchmarke	VERB
cblr-1717	547	9	to	to	ADP
cblr-1717	547	10	the	the	DET
cblr-1717	547	11	index	index	NOUN
cblr-1717	547	12	,	,	PUNCT
cblr-1717	547	13	capturing	capture	VERB
cblr-1717	547	14	approximately	approximately	ADV
cblr-1717	547	15	eighty	eighty	NUM
cblr-1717	547	16	percent	percent	NOUN
cblr-1717	547	17	of	of	ADP
cblr-1717	547	18	market	market	NOUN
cblr-1717	547	19	capitalization	capitalization	NOUN
cblr-1717	547	20	.	.	PUNCT
cblr-1717	548	1	s&p	s&p	PROPN
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cblr-1717	548	3	,	,	PUNCT
cblr-1717	548	4	s&p	s&p	PROPN
cblr-1717	548	5	dow	dow	PROPN
cblr-1717	548	6	jones	jones	PROPN
cblr-1717	548	7	indices	index	NOUN
cblr-1717	548	8	,	,	PUNCT
cblr-1717	548	9	http://us.spindices.com/indices/equity/sp-500	http://us.spindices.com/indices/equity/sp-500	PROPN
cblr-1717	549	1	[	[	X
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cblr-1717	549	4	.	.	PUNCT
cblr-1717	550	1	122	122	NUM
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cblr-1717	550	5	,	,	PUNCT
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cblr-1717	550	7	francis	francis	PROPN
cblr-1717	550	8	&	&	CCONJ
cblr-1717	550	9	joann	joann	PROPN
cblr-1717	550	10	s.	s.	PROPN
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cblr-1717	550	12	,	,	PUNCT
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cblr-1717	550	17	;	;	PUNCT
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cblr-1717	550	21	huge	huge	ADJ
cblr-1717	550	22	rewards	reward	NOUN
cblr-1717	550	23	,	,	PUNCT
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cblr-1717	550	25	st	st	PROPN
cblr-1717	550	26	.	.	PROPN
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cblr-1717	550	31	,	,	PUNCT
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cblr-1717	550	36	;	;	PUNCT
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cblr-1717	551	18	,	,	PUNCT
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cblr-1717	551	20	(	(	PUNCT
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cblr-1717	551	22	.	.	PROPN
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cblr-1717	551	24	,	,	PUNCT
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cblr-1717	552	4	.	.	PUNCT
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cblr-1717	553	2	-	-	PUNCT
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cblr-1717	553	4	–	–	PUNCT
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cblr-1717	554	1	[	[	X
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cblr-1717	554	17	identify	identify	VERB
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cblr-1717	554	32	2007	2007	NUM
cblr-1717	554	33	2008	2008	NUM
cblr-1717	554	34	2009	2009	NUM
cblr-1717	554	35	2010	2010	NUM
cblr-1717	554	36	2011	2011	NUM
cblr-1717	554	37	2012	2012	NUM
cblr-1717	554	38	2013	2013	NUM
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cblr-1717	554	40	ratio(sm	ratio(sm	NOUN
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cblr-1717	554	45	1.68	1.68	NUM
cblr-1717	554	46	1.79	1.79	NUM
cblr-1717	554	47	2.25	2.25	NUM
cblr-1717	554	48	2.59	2.59	NUM
cblr-1717	554	49	3.38	3.38	NUM
cblr-1717	554	50	3.74	3.74	NUM
cblr-1717	554	51	ratio(md	ratio(md	NOUN
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cblr-1717	554	57	2.35	2.35	NUM
cblr-1717	554	58	2.90	2.90	NUM
cblr-1717	554	59	3.08	3.08	NUM
cblr-1717	554	60	3.43	3.43	NUM
cblr-1717	554	61	4.03	4.03	NUM
cblr-1717	554	62	ratio(sp	ratio(sp	NOUN
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cblr-1717	554	70	2.49	2.49	NUM
cblr-1717	554	71	2.72	2.72	NUM
cblr-1717	554	72	3.07	3.07	NUM
cblr-1717	554	73	the	the	DET
cblr-1717	554	74	total	total	ADJ
cblr-1717	554	75	equity	equity	NOUN
cblr-1717	554	76	composition	composition	NOUN
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cblr-1717	554	78	senior	senior	ADJ
cblr-1717	554	79	executive	executive	ADJ
cblr-1717	554	80	pay	pay	NOUN
cblr-1717	554	81	at	at	ADP
cblr-1717	554	82	s&p	s&p	PROPN
cblr-1717	554	83	500	500	NUM
cblr-1717	554	84	companies	company	NOUN
cblr-1717	554	85	is	be	AUX
cblr-1717	554	86	markedly	markedly	ADV
cblr-1717	554	87	higher	high	ADJ
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cblr-1717	554	89	that	that	PRON
cblr-1717	554	90	of	of	ADP
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cblr-1717	554	100	,	,	PUNCT
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cblr-1717	554	102	analysis	analysis	NOUN
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cblr-1717	554	104	not	not	PART
cblr-1717	554	105	mean	mean	VERB
cblr-1717	554	106	to	to	PART
cblr-1717	554	107	suggest	suggest	VERB
cblr-1717	554	108	that	that	SCONJ
cblr-1717	554	109	the	the	DET
cblr-1717	554	110	findings	finding	NOUN
cblr-1717	554	111	are	be	AUX
cblr-1717	554	112	as	as	ADV
cblr-1717	554	113	statistically	statistically	ADV
cblr-1717	554	114	significant	significant	ADJ
cblr-1717	554	115	when	when	SCONJ
cblr-1717	554	116	controlling	control	VERB
cblr-1717	554	117	for	for	ADP
cblr-1717	554	118	factors	factor	NOUN
cblr-1717	554	119	like	like	ADP
cblr-1717	554	120	industry	industry	NOUN
cblr-1717	554	121	.	.	PUNCT
cblr-1717	555	1	rather	rather	ADV
cblr-1717	555	2	,	,	PUNCT
cblr-1717	555	3	this	this	DET
cblr-1717	555	4	section	section	NOUN
cblr-1717	555	5	provides	provide	VERB
cblr-1717	555	6	the	the	DET
cblr-1717	555	7	evidence	evidence	NOUN
cblr-1717	555	8	as	as	ADP
cblr-1717	555	9	descriptive	descriptive	ADJ
cblr-1717	555	10	difference	difference	NOUN
cblr-1717	555	11	.	.	PUNCT
cblr-1717	556	1	124	124	NUM
cblr-1717	556	2	this	this	DET
cblr-1717	556	3	table	table	NOUN
cblr-1717	556	4	describes	describe	VERB
cblr-1717	556	5	the	the	DET
cblr-1717	556	6	ratio	ratio	NOUN
cblr-1717	556	7	between	between	ADP
cblr-1717	556	8	the	the	DET
cblr-1717	556	9	percentages	percentage	NOUN
cblr-1717	556	10	of	of	ADP
cblr-1717	556	11	stock	stock	NOUN
cblr-1717	556	12	and	and	CCONJ
cblr-1717	556	13	option	option	NOUN
cblr-1717	556	14	grants	grant	NOUN
cblr-1717	556	15	for	for	ADP
cblr-1717	556	16	smallcap	smallcap	NOUN
cblr-1717	556	17	,	,	PUNCT
cblr-1717	556	18	midcap	midcap	NOUN
cblr-1717	556	19	,	,	PUNCT
cblr-1717	556	20	and	and	CCONJ
cblr-1717	556	21	s&p	s&p	PROPN
cblr-1717	556	22	500	500	NUM
cblr-1717	556	23	companies	company	NOUN
cblr-1717	556	24	found	find	VERB
cblr-1717	556	25	through	through	ADP
cblr-1717	556	26	the	the	DET
cblr-1717	556	27	compustat	compustat	NOUN
cblr-1717	556	28	database	database	NOUN
cblr-1717	556	29	.	.	PUNCT
cblr-1717	557	1	0	0	NUM
cblr-1717	557	2	%	%	NOUN
cblr-1717	557	3	10	10	NUM
cblr-1717	557	4	%	%	NOUN
cblr-1717	557	5	20	20	NUM
cblr-1717	557	6	%	%	NOUN
cblr-1717	557	7	30	30	NUM
cblr-1717	557	8	%	%	NOUN
cblr-1717	557	9	40	40	NUM
cblr-1717	557	10	%	%	NOUN
cblr-1717	557	11	50	50	NUM
cblr-1717	557	12	%	%	NOUN
cblr-1717	557	13	60	60	NUM
cblr-1717	557	14	%	%	NOUN
cblr-1717	557	15	year	year	NOUN
cblr-1717	557	16	pe	pe	PROPN
cblr-1717	557	17	rc	rc	PROPN
cblr-1717	557	18	en	en	X
cblr-1717	557	19	ta	ta	X
cblr-1717	558	1	ge	ge	PROPN
cblr-1717	559	1	o	o	PROPN
cblr-1717	559	2	f	f	PROPN
cblr-1717	559	3	t	t	PROPN
cblr-1717	559	4	ot	ot	INTJ
cblr-1717	559	5	al	al	PROPN
cblr-1717	559	6	co	co	PROPN
cblr-1717	559	7	m	m	PROPN
cblr-1717	559	8	pe	pe	PROPN
cblr-1717	559	9	ns	ns	PROPN
cblr-1717	559	10	a2	a2	PROPN
cblr-1717	559	11	on	on	ADP
cblr-1717	559	12	equity	equity	NOUN
cblr-1717	559	13	pay	pay	NOUN
cblr-1717	559	14	composition	composition	NOUN
cblr-1717	559	15	compared	compare	VERB
cblr-1717	559	16	across	across	ADP
cblr-1717	559	17	firms	firm	NOUN
cblr-1717	559	18	of	of	ADP
cblr-1717	559	19	varying	vary	VERB
cblr-1717	559	20	sizes	size	NOUN
cblr-1717	559	21	stk%(sp	stk%(sp	NOUN
cblr-1717	559	22	)	)	PUNCT
cblr-1717	559	23	opt%(sp	opt%(sp	NUM
cblr-1717	559	24	)	)	PUNCT
cblr-1717	559	25	stk%(md	stk%(md	NOUN
cblr-1717	559	26	)	)	PUNCT
cblr-1717	559	27	opt%(md	opt%(md	NOUN
cblr-1717	559	28	)	)	PUNCT
cblr-1717	559	29	stk%(sm	stk%(sm	PROPN
cblr-1717	559	30	)	)	PUNCT
cblr-1717	559	31	opt%(sm	opt%(sm	PROPN
cblr-1717	559	32	)	)	PUNCT
cblr-1717	559	33	ades	ade	NOUN
cblr-1717	559	34	-	-	PUNCT
cblr-1717	559	35	laurent	laurent	NOUN
cblr-1717	559	36	–	–	PUNCT
cblr-1717	559	37	final	final	ADJ
cblr-1717	559	38	no	no	NOUN
cblr-1717	559	39	.	.	PUNCT
cblr-1717	560	1	1:347	1:347	NUM
cblr-1717	560	2	]	]	PUNCT
cblr-1717	560	3	disappearing	disappear	VERB
cblr-1717	560	4	stock	stock	NOUN
cblr-1717	560	5	options	option	NOUN
cblr-1717	560	6	383	383	NUM
cblr-1717	560	7	midcap	midcap	NOUN
cblr-1717	560	8	or	or	CCONJ
cblr-1717	560	9	smallcap	smallcap	NOUN
cblr-1717	560	10	firms	firm	NOUN
cblr-1717	560	11	:	:	PUNCT
cblr-1717	560	12	by	by	ADP
cblr-1717	560	13	2014	2014	NUM
cblr-1717	560	14	,	,	PUNCT
cblr-1717	560	15	executives	executive	NOUN
cblr-1717	560	16	at	at	ADP
cblr-1717	560	17	s&p	s&p	PROPN
cblr-1717	560	18	companies	company	NOUN
cblr-1717	560	19	received	receive	VERB
cblr-1717	560	20	54	54	NUM
cblr-1717	560	21	%	%	NOUN
cblr-1717	560	22	of	of	ADP
cblr-1717	560	23	their	their	PRON
cblr-1717	560	24	compensation	compensation	NOUN
cblr-1717	560	25	in	in	ADP
cblr-1717	560	26	equity	equity	NOUN
cblr-1717	560	27	pay	pay	NOUN
cblr-1717	560	28	,	,	PUNCT
cblr-1717	560	29	compared	compare	VERB
cblr-1717	560	30	to	to	ADP
cblr-1717	560	31	44	44	NUM
cblr-1717	560	32	%	%	NOUN
cblr-1717	560	33	at	at	ADP
cblr-1717	560	34	midcap	midcap	NOUN
cblr-1717	560	35	firms	firm	NOUN
cblr-1717	560	36	and	and	CCONJ
cblr-1717	560	37	41	41	NUM
cblr-1717	560	38	%	%	NOUN
cblr-1717	560	39	at	at	ADP
cblr-1717	560	40	smallcap	smallcap	NOUN
cblr-1717	560	41	firms	firm	NOUN
cblr-1717	560	42	.	.	PUNCT
cblr-1717	561	1	figure	figure	VERB
cblr-1717	561	2	4	4	NUM
cblr-1717	561	3	shows	show	VERB
cblr-1717	561	4	that	that	SCONJ
cblr-1717	561	5	in	in	ADP
cblr-1717	561	6	the	the	DET
cblr-1717	561	7	case	case	NOUN
cblr-1717	561	8	of	of	ADP
cblr-1717	561	9	smallcap	smallcap	NOUN
cblr-1717	561	10	firms	firm	NOUN
cblr-1717	561	11	,	,	PUNCT
cblr-1717	561	12	equity	equity	NOUN
cblr-1717	561	13	pay	pay	NOUN
cblr-1717	561	14	only	only	ADV
cblr-1717	561	15	made	make	VERB
cblr-1717	561	16	up	up	ADP
cblr-1717	561	17	about	about	ADV
cblr-1717	561	18	19	19	NUM
cblr-1717	561	19	%	%	NOUN
cblr-1717	561	20	of	of	ADP
cblr-1717	561	21	executive	executive	ADJ
cblr-1717	561	22	compensation	compensation	NOUN
cblr-1717	561	23	in	in	ADP
cblr-1717	561	24	2006	2006	NUM
cblr-1717	561	25	,	,	PUNCT
cblr-1717	561	26	but	but	CCONJ
cblr-1717	561	27	jumped	jump	VERB
cblr-1717	561	28	to	to	ADP
cblr-1717	561	29	32	32	NUM
cblr-1717	561	30	%	%	NOUN
cblr-1717	561	31	in	in	ADP
cblr-1717	561	32	2007	2007	NUM
cblr-1717	561	33	.	.	PUNCT
cblr-1717	562	1	while	while	SCONJ
cblr-1717	562	2	the	the	DET
cblr-1717	562	3	midcap	midcap	NOUN
cblr-1717	562	4	and	and	CCONJ
cblr-1717	562	5	s&p	s&p	PROPN
cblr-1717	562	6	500	500	NUM
cblr-1717	562	7	firms	firm	NOUN
cblr-1717	562	8	show	show	VERB
cblr-1717	562	9	a	a	DET
cblr-1717	562	10	similar	similar	ADJ
cblr-1717	562	11	increase	increase	NOUN
cblr-1717	562	12	in	in	ADP
cblr-1717	562	13	2007	2007	NUM
cblr-1717	562	14	,	,	PUNCT
cblr-1717	562	15	equity	equity	NOUN
cblr-1717	562	16	has	have	AUX
cblr-1717	562	17	been	be	AUX
cblr-1717	562	18	the	the	DET
cblr-1717	562	19	most	most	ADV
cblr-1717	562	20	substantial	substantial	ADJ
cblr-1717	562	21	component	component	NOUN
cblr-1717	562	22	of	of	ADP
cblr-1717	562	23	executive	executive	ADJ
cblr-1717	562	24	compensation	compensation	NOUN
cblr-1717	562	25	at	at	ADP
cblr-1717	562	26	s&p	s&p	PROPN
cblr-1717	562	27	500	500	NUM
cblr-1717	562	28	firms	firm	NOUN
cblr-1717	562	29	for	for	ADP
cblr-1717	562	30	the	the	DET
cblr-1717	562	31	entirety	entirety	NOUN
cblr-1717	562	32	of	of	ADP
cblr-1717	562	33	the	the	DET
cblr-1717	562	34	study	study	NOUN
cblr-1717	562	35	.	.	PUNCT
cblr-1717	563	1	these	these	DET
cblr-1717	563	2	results	result	NOUN
cblr-1717	563	3	demonstrate	demonstrate	VERB
cblr-1717	563	4	that	that	SCONJ
cblr-1717	563	5	after	after	ADP
cblr-1717	563	6	the	the	DET
cblr-1717	563	7	tax	tax	NOUN
cblr-1717	563	8	and	and	CCONJ
cblr-1717	563	9	disclosure	disclosure	NOUN
cblr-1717	563	10	changes	change	NOUN
cblr-1717	563	11	in	in	ADP
cblr-1717	563	12	2006	2006	NUM
cblr-1717	563	13	,	,	PUNCT
cblr-1717	563	14	the	the	DET
cblr-1717	563	15	structure	structure	NOUN
cblr-1717	563	16	of	of	ADP
cblr-1717	563	17	executive	executive	ADJ
cblr-1717	563	18	compensation	compensation	NOUN
cblr-1717	563	19	changed	change	VERB
cblr-1717	563	20	universally	universally	ADV
cblr-1717	563	21	.	.	PUNCT
cblr-1717	564	1	comparing	compare	VERB
cblr-1717	564	2	the	the	DET
cblr-1717	564	3	increase	increase	NOUN
cblr-1717	564	4	in	in	ADP
cblr-1717	564	5	total	total	ADJ
cblr-1717	564	6	equity	equity	NOUN
cblr-1717	564	7	compensation	compensation	NOUN
cblr-1717	564	8	to	to	ADP
cblr-1717	564	9	the	the	DET
cblr-1717	564	10	weight	weight	NOUN
cblr-1717	564	11	of	of	ADP
cblr-1717	564	12	the	the	DET
cblr-1717	564	13	equity	equity	NOUN
cblr-1717	564	14	components	component	NOUN
cblr-1717	564	15	reveals	reveal	VERB
cblr-1717	564	16	interesting	interesting	ADJ
cblr-1717	564	17	differences	difference	NOUN
cblr-1717	564	18	.	.	PUNCT
cblr-1717	565	1	first	first	ADV
cblr-1717	565	2	,	,	PUNCT
cblr-1717	565	3	although	although	SCONJ
cblr-1717	565	4	the	the	DET
cblr-1717	565	5	percentage	percentage	NOUN
cblr-1717	565	6	of	of	ADP
cblr-1717	565	7	total	total	ADJ
cblr-1717	565	8	equity	equity	NOUN
cblr-1717	565	9	compensation	compensation	NOUN
cblr-1717	565	10	increased	increase	VERB
cblr-1717	565	11	overall	overall	ADV
cblr-1717	565	12	,	,	PUNCT
cblr-1717	565	13	the	the	DET
cblr-1717	565	14	rate	rate	NOUN
cblr-1717	565	15	of	of	ADP
cblr-1717	565	16	growth	growth	NOUN
cblr-1717	565	17	is	be	AUX
cblr-1717	565	18	far	far	ADV
cblr-1717	565	19	faster	fast	ADV
cblr-1717	565	20	at	at	ADP
cblr-1717	565	21	smallcap	smallcap	NOUN
cblr-1717	565	22	and	and	CCONJ
cblr-1717	565	23	midcap	midcap	NOUN
cblr-1717	565	24	firms	firm	NOUN
cblr-1717	565	25	than	than	ADP
cblr-1717	565	26	at	at	ADP
cblr-1717	565	27	s&p	s&p	PROPN
cblr-1717	565	28	500	500	NUM
cblr-1717	565	29	companies	company	NOUN
cblr-1717	565	30	.	.	PUNCT
cblr-1717	566	1	there	there	PRON
cblr-1717	566	2	is	be	VERB
cblr-1717	566	3	an	an	DET
cblr-1717	566	4	approximate	approximate	ADJ
cblr-1717	566	5	20	20	NUM
cblr-1717	566	6	%	%	NOUN
cblr-1717	566	7	increase	increase	NOUN
cblr-1717	566	8	for	for	ADP
cblr-1717	566	9	the	the	DET
cblr-1717	566	10	smaller	small	ADJ
cblr-1717	566	11	firms	firm	NOUN
cblr-1717	566	12	,	,	PUNCT
cblr-1717	566	13	and	and	CCONJ
cblr-1717	566	14	a	a	DET
cblr-1717	566	15	10	10	NUM
cblr-1717	566	16	%	%	NOUN
cblr-1717	566	17	increase	increase	NOUN
cblr-1717	566	18	for	for	ADP
cblr-1717	566	19	the	the	DET
cblr-1717	566	20	larger	large	ADJ
cblr-1717	566	21	firms	firm	NOUN
cblr-1717	566	22	.	.	PUNCT
cblr-1717	567	1	second	second	ADJ
cblr-1717	567	2	,	,	PUNCT
cblr-1717	567	3	the	the	DET
cblr-1717	567	4	weight	weight	NOUN
cblr-1717	567	5	of	of	ADP
cblr-1717	567	6	stock	stock	NOUN
cblr-1717	567	7	options	option	NOUN
cblr-1717	567	8	overall	overall	ADJ
cblr-1717	567	9	decreases	decrease	VERB
cblr-1717	567	10	after	after	ADP
cblr-1717	567	11	2007	2007	NUM
cblr-1717	567	12	,	,	PUNCT
cblr-1717	567	13	but	but	CCONJ
cblr-1717	567	14	far	far	ADV
cblr-1717	567	15	more	more	ADV
cblr-1717	567	16	rapidly	rapidly	ADV
cblr-1717	567	17	for	for	ADP
cblr-1717	567	18	s&p	s&p	PROPN
cblr-1717	567	19	500	500	NUM
cblr-1717	567	20	firms	firm	NOUN
cblr-1717	567	21	(	(	PUNCT
cblr-1717	567	22	over	over	ADP
cblr-1717	567	23	7	7	NUM
cblr-1717	567	24	%	%	NOUN
cblr-1717	567	25	)	)	PUNCT
cblr-1717	567	26	than	than	ADP
cblr-1717	567	27	for	for	ADP
cblr-1717	567	28	either	either	PRON
cblr-1717	567	29	of	of	ADP
cblr-1717	567	30	the	the	DET
cblr-1717	567	31	two	two	NUM
cblr-1717	567	32	smaller	small	ADJ
cblr-1717	567	33	firm	firm	ADJ
cblr-1717	567	34	groups	group	NOUN
cblr-1717	567	35	(	(	PUNCT
cblr-1717	567	36	about	about	ADV
cblr-1717	567	37	4	4	NUM
cblr-1717	567	38	%	%	NOUN
cblr-1717	567	39	each	each	PRON
cblr-1717	567	40	)	)	PUNCT
cblr-1717	567	41	.	.	PUNCT
cblr-1717	568	1	finally	finally	ADV
cblr-1717	568	2	,	,	PUNCT
cblr-1717	568	3	table	table	NOUN
cblr-1717	568	4	3	3	NUM
cblr-1717	568	5	shows	show	VERB
cblr-1717	568	6	the	the	DET
cblr-1717	568	7	ratio	ratio	NOUN
cblr-1717	568	8	between	between	ADP
cblr-1717	568	9	stock	stock	NOUN
cblr-1717	568	10	and	and	CCONJ
cblr-1717	568	11	option	option	NOUN
cblr-1717	568	12	compensation	compensation	NOUN
cblr-1717	568	13	for	for	ADP
cblr-1717	568	14	each	each	PRON
cblr-1717	568	15	of	of	ADP
cblr-1717	568	16	the	the	DET
cblr-1717	568	17	firm	firm	ADJ
cblr-1717	568	18	group	group	NOUN
cblr-1717	568	19	indices	index	NOUN
cblr-1717	568	20	.	.	PUNCT
cblr-1717	569	1	similarly	similarly	ADV
cblr-1717	569	2	,	,	PUNCT
cblr-1717	569	3	by	by	ADP
cblr-1717	569	4	2014	2014	NUM
cblr-1717	569	5	,	,	PUNCT
cblr-1717	569	6	there	there	PRON
cblr-1717	569	7	is	be	VERB
cblr-1717	569	8	a	a	DET
cblr-1717	569	9	significant	significant	ADJ
cblr-1717	569	10	departure	departure	NOUN
cblr-1717	569	11	between	between	ADP
cblr-1717	569	12	the	the	DET
cblr-1717	569	13	ratios	ratio	NOUN
cblr-1717	569	14	of	of	ADP
cblr-1717	569	15	smallcap	smallcap	NOUN
cblr-1717	569	16	and	and	CCONJ
cblr-1717	569	17	midcap	midcap	NOUN
cblr-1717	569	18	firms	firm	NOUN
cblr-1717	569	19	and	and	CCONJ
cblr-1717	569	20	that	that	PRON
cblr-1717	569	21	of	of	ADP
cblr-1717	569	22	s&p	s&p	PROPN
cblr-1717	569	23	500	500	NUM
cblr-1717	569	24	firms	firm	NOUN
cblr-1717	569	25	:	:	PUNCT
cblr-1717	569	26	the	the	DET
cblr-1717	569	27	percentage	percentage	NOUN
cblr-1717	569	28	of	of	ADP
cblr-1717	569	29	stock	stock	NOUN
cblr-1717	569	30	compensation	compensation	NOUN
cblr-1717	569	31	is	be	AUX
cblr-1717	569	32	thus	thus	ADV
cblr-1717	569	33	far	far	ADV
cblr-1717	569	34	higher	high	ADJ
cblr-1717	569	35	than	than	ADP
cblr-1717	569	36	that	that	PRON
cblr-1717	569	37	of	of	ADP
cblr-1717	569	38	option	option	NOUN
cblr-1717	569	39	compensation	compensation	NOUN
cblr-1717	569	40	at	at	ADP
cblr-1717	569	41	the	the	DET
cblr-1717	569	42	smaller	small	ADJ
cblr-1717	569	43	firms	firm	NOUN
cblr-1717	569	44	.	.	PUNCT
cblr-1717	570	1	in	in	ADP
cblr-1717	570	2	2006	2006	NUM
cblr-1717	570	3	,	,	PUNCT
cblr-1717	570	4	however	however	ADV
cblr-1717	570	5	,	,	PUNCT
cblr-1717	570	6	the	the	DET
cblr-1717	570	7	ratios	ratio	NOUN
cblr-1717	570	8	not	not	PART
cblr-1717	570	9	only	only	ADV
cblr-1717	570	10	were	be	AUX
cblr-1717	570	11	smaller	small	ADJ
cblr-1717	570	12	overall	overall	ADJ
cblr-1717	570	13	,	,	PUNCT
cblr-1717	570	14	but	but	CCONJ
cblr-1717	570	15	also	also	ADV
cblr-1717	570	16	much	much	ADV
cblr-1717	570	17	closer	close	ADJ
cblr-1717	570	18	in	in	ADP
cblr-1717	570	19	size	size	NOUN
cblr-1717	570	20	across	across	ADP
cblr-1717	570	21	the	the	DET
cblr-1717	570	22	three	three	NUM
cblr-1717	570	23	firm	firm	ADJ
cblr-1717	570	24	indices	index	NOUN
cblr-1717	570	25	.	.	PUNCT
cblr-1717	571	1	thus	thus	ADV
cblr-1717	571	2	,	,	PUNCT
cblr-1717	571	3	the	the	DET
cblr-1717	571	4	results	result	NOUN
cblr-1717	571	5	in	in	ADP
cblr-1717	571	6	figure	figure	NOUN
cblr-1717	571	7	4	4	NUM
cblr-1717	571	8	and	and	CCONJ
cblr-1717	571	9	table	table	NOUN
cblr-1717	571	10	3	3	NUM
cblr-1717	571	11	reveal	reveal	VERB
cblr-1717	571	12	that	that	SCONJ
cblr-1717	571	13	while	while	SCONJ
cblr-1717	571	14	the	the	DET
cblr-1717	571	15	total	total	ADJ
cblr-1717	571	16	equity	equity	NOUN
cblr-1717	571	17	compensation	compensation	PROPN
cblr-1717	571	18	and	and	CCONJ
cblr-1717	571	19	component	component	NOUN
cblr-1717	571	20	weights	weight	NOUN
cblr-1717	571	21	are	be	AUX
cblr-1717	571	22	significantly	significantly	ADV
cblr-1717	571	23	different	different	ADJ
cblr-1717	571	24	for	for	ADP
cblr-1717	571	25	firms	firm	NOUN
cblr-1717	571	26	across	across	ADP
cblr-1717	571	27	the	the	DET
cblr-1717	571	28	s&p	s&p	PROPN
cblr-1717	571	29	500	500	NUM
cblr-1717	571	30	,	,	PUNCT
cblr-1717	571	31	midcap	midcap	NOUN
cblr-1717	571	32	400	400	NUM
cblr-1717	571	33	,	,	PUNCT
cblr-1717	571	34	and	and	CCONJ
cblr-1717	571	35	smallcap	smallcap	NOUN
cblr-1717	571	36	600	600	NUM
cblr-1717	571	37	indices	index	NOUN
cblr-1717	571	38	,	,	PUNCT
cblr-1717	571	39	the	the	DET
cblr-1717	571	40	change	change	NOUN
cblr-1717	571	41	in	in	ADP
cblr-1717	571	42	growth	growth	NOUN
cblr-1717	571	43	between	between	ADP
cblr-1717	571	44	the	the	DET
cblr-1717	571	45	component	component	NOUN
cblr-1717	571	46	parts	part	NOUN
cblr-1717	571	47	remains	remain	VERB
cblr-1717	571	48	relatively	relatively	ADV
cblr-1717	571	49	similar	similar	ADJ
cblr-1717	571	50	across	across	ADP
cblr-1717	571	51	the	the	DET
cblr-1717	571	52	board	board	NOUN
cblr-1717	571	53	.	.	PUNCT
cblr-1717	572	1	ades	ades	PROPN
cblr-1717	572	2	-	-	PUNCT
cblr-1717	572	3	laurent	laurent	NOUN
cblr-1717	572	4	–	–	PUNCT
cblr-1717	572	5	final	final	ADJ
cblr-1717	572	6	384	384	NUM
cblr-1717	572	7	columbia	columbia	PROPN
cblr-1717	572	8	business	business	NOUN
cblr-1717	572	9	law	law	PROPN
cblr-1717	572	10	review	review	NOUN
cblr-1717	573	1	[	[	X
cblr-1717	573	2	vol	vol	NOUN
cblr-1717	573	3	.	.	NOUN
cblr-1717	573	4	2017	2017	NUM
cblr-1717	573	5	iv	iv	NOUN
cblr-1717	573	6	.	.	PUNCT
cblr-1717	573	7	implications	implication	NOUN
cblr-1717	573	8	for	for	ADP
cblr-1717	573	9	policymakers	policymaker	NOUN
cblr-1717	573	10	the	the	DET
cblr-1717	573	11	composition	composition	NOUN
cblr-1717	573	12	of	of	ADP
cblr-1717	573	13	executive	executive	ADJ
cblr-1717	573	14	compensation	compensation	NOUN
cblr-1717	573	15	suites	suite	NOUN
cblr-1717	573	16	drew	draw	VERB
cblr-1717	573	17	much	much	ADJ
cblr-1717	573	18	scrutiny	scrutiny	NOUN
cblr-1717	573	19	in	in	ADP
cblr-1717	573	20	the	the	DET
cblr-1717	573	21	last	last	ADJ
cblr-1717	573	22	decade	decade	NOUN
cblr-1717	573	23	from	from	ADP
cblr-1717	573	24	commentators	commentator	NOUN
cblr-1717	573	25	and	and	CCONJ
cblr-1717	573	26	lawmakers.125	lawmakers.125	VERB
cblr-1717	573	27	the	the	DET
cblr-1717	573	28	evidence	evidence	NOUN
cblr-1717	573	29	presented	present	VERB
cblr-1717	573	30	in	in	ADP
cblr-1717	573	31	this	this	DET
cblr-1717	573	32	note	note	NOUN
cblr-1717	573	33	shows	show	VERB
cblr-1717	573	34	that	that	SCONJ
cblr-1717	573	35	since	since	SCONJ
cblr-1717	573	36	2006	2006	NUM
cblr-1717	573	37	,	,	PUNCT
cblr-1717	573	38	senior	senior	ADJ
cblr-1717	573	39	executives	executive	NOUN
cblr-1717	573	40	are	be	AUX
cblr-1717	573	41	increasingly	increasingly	ADV
cblr-1717	573	42	likely	likely	ADJ
cblr-1717	573	43	to	to	PART
cblr-1717	573	44	be	be	AUX
cblr-1717	573	45	rewarded	reward	VERB
cblr-1717	573	46	with	with	ADP
cblr-1717	573	47	stock	stock	NOUN
cblr-1717	573	48	compensation	compensation	NOUN
cblr-1717	573	49	rather	rather	ADV
cblr-1717	573	50	than	than	ADP
cblr-1717	573	51	option	option	NOUN
cblr-1717	573	52	compensation	compensation	NOUN
cblr-1717	573	53	,	,	PUNCT
cblr-1717	573	54	with	with	ADP
cblr-1717	573	55	a	a	DET
cblr-1717	573	56	particularly	particularly	ADV
cblr-1717	573	57	dramatic	dramatic	ADJ
cblr-1717	573	58	surge	surge	NOUN
cblr-1717	573	59	following	follow	VERB
cblr-1717	573	60	the	the	DET
cblr-1717	573	61	financial	financial	ADJ
cblr-1717	573	62	crisis	crisis	NOUN
cblr-1717	573	63	and	and	CCONJ
cblr-1717	573	64	corresponding	correspond	VERB
cblr-1717	573	65	congressional	congressional	ADJ
cblr-1717	573	66	action.126	action.126	NOUN
cblr-1717	573	67	the	the	DET
cblr-1717	573	68	data	datum	NOUN
cblr-1717	573	69	also	also	ADV
cblr-1717	573	70	demonstrate	demonstrate	VERB
cblr-1717	573	71	that	that	SCONJ
cblr-1717	573	72	this	this	DET
cblr-1717	573	73	trend	trend	NOUN
cblr-1717	573	74	discriminates	discriminate	VERB
cblr-1717	573	75	by	by	ADP
cblr-1717	573	76	neither	neither	CCONJ
cblr-1717	573	77	firm	firm	ADJ
cblr-1717	573	78	size	size	NOUN
cblr-1717	573	79	nor	nor	CCONJ
cblr-1717	573	80	executive	executive	ADJ
cblr-1717	573	81	age	age	NOUN
cblr-1717	573	82	.	.	PUNCT
cblr-1717	574	1	this	this	DET
cblr-1717	574	2	section	section	NOUN
cblr-1717	574	3	discusses	discuss	VERB
cblr-1717	574	4	two	two	NUM
cblr-1717	574	5	implications	implication	NOUN
cblr-1717	574	6	of	of	ADP
cblr-1717	574	7	these	these	DET
cblr-1717	574	8	findings	finding	NOUN
cblr-1717	574	9	for	for	ADP
cblr-1717	574	10	current	current	ADJ
cblr-1717	574	11	debates	debate	NOUN
cblr-1717	574	12	on	on	ADP
cblr-1717	574	13	executive	executive	ADJ
cblr-1717	574	14	compensation	compensation	NOUN
cblr-1717	574	15	at	at	ADP
cblr-1717	574	16	public	public	ADJ
cblr-1717	574	17	companies	company	NOUN
cblr-1717	574	18	.	.	PUNCT
cblr-1717	575	1	first	first	ADV
cblr-1717	575	2	,	,	PUNCT
cblr-1717	575	3	executives	executive	NOUN
cblr-1717	575	4	compensated	compensate	VERB
cblr-1717	575	5	in	in	ADP
cblr-1717	575	6	stock	stock	NOUN
cblr-1717	575	7	options	option	NOUN
cblr-1717	575	8	tend	tend	VERB
cblr-1717	575	9	to	to	PART
cblr-1717	575	10	engage	engage	VERB
cblr-1717	575	11	in	in	ADP
cblr-1717	575	12	riskier	risky	ADJ
cblr-1717	575	13	behavior	behavior	NOUN
cblr-1717	575	14	,	,	PUNCT
cblr-1717	575	15	since	since	SCONJ
cblr-1717	575	16	option	option	NOUN
cblr-1717	575	17	-	-	PUNCT
cblr-1717	575	18	based	base	VERB
cblr-1717	575	19	compensation	compensation	NOUN
cblr-1717	575	20	allows	allow	VERB
cblr-1717	575	21	them	they	PRON
cblr-1717	575	22	to	to	PART
cblr-1717	575	23	benefit	benefit	VERB
cblr-1717	575	24	from	from	ADP
cblr-1717	575	25	the	the	DET
cblr-1717	575	26	upside	upside	NOUN
cblr-1717	575	27	of	of	ADP
cblr-1717	575	28	a	a	DET
cblr-1717	575	29	bold	bold	ADJ
cblr-1717	575	30	decision	decision	NOUN
cblr-1717	575	31	without	without	ADP
cblr-1717	575	32	suffering	suffer	VERB
cblr-1717	575	33	the	the	DET
cblr-1717	575	34	consequences	consequence	NOUN
cblr-1717	575	35	of	of	ADP
cblr-1717	575	36	the	the	DET
cblr-1717	575	37	downside	downside	NOUN
cblr-1717	575	38	.	.	PUNCT
cblr-1717	576	1	consequently	consequently	ADV
cblr-1717	576	2	,	,	PUNCT
cblr-1717	576	3	executives	executive	NOUN
cblr-1717	576	4	may	may	AUX
cblr-1717	576	5	generate	generate	VERB
cblr-1717	576	6	benefits	benefit	NOUN
cblr-1717	576	7	at	at	ADP
cblr-1717	576	8	the	the	DET
cblr-1717	576	9	expense	expense	NOUN
cblr-1717	576	10	of	of	ADP
cblr-1717	576	11	the	the	DET
cblr-1717	576	12	shareholder	shareholder	NOUN
cblr-1717	576	13	.	.	PUNCT
cblr-1717	577	1	given	give	VERB
cblr-1717	577	2	the	the	DET
cblr-1717	577	3	drastic	drastic	ADJ
cblr-1717	577	4	decrease	decrease	NOUN
cblr-1717	577	5	in	in	ADP
cblr-1717	577	6	option	option	NOUN
cblr-1717	577	7	compensation	compensation	NOUN
cblr-1717	577	8	,	,	PUNCT
cblr-1717	577	9	we	we	PRON
cblr-1717	577	10	expect	expect	VERB
cblr-1717	577	11	to	to	PART
cblr-1717	577	12	see	see	VERB
cblr-1717	577	13	far	far	ADV
cblr-1717	577	14	more	more	ADV
cblr-1717	577	15	conservative	conservative	ADJ
cblr-1717	577	16	behavior	behavior	NOUN
cblr-1717	577	17	at	at	ADP
cblr-1717	577	18	public	public	ADJ
cblr-1717	577	19	companies	company	NOUN
cblr-1717	577	20	—	—	PUNCT
cblr-1717	577	21	and	and	CCONJ
cblr-1717	577	22	as	as	ADP
cblr-1717	577	23	a	a	DET
cblr-1717	577	24	consequence	consequence	NOUN
cblr-1717	577	25	,	,	PUNCT
cblr-1717	577	26	an	an	DET
cblr-1717	577	27	increase	increase	NOUN
cblr-1717	577	28	in	in	ADP
cblr-1717	577	29	shareholder	shareholder	NOUN
cblr-1717	577	30	activism	activism	NOUN
cblr-1717	577	31	to	to	PART
cblr-1717	577	32	counter	counter	VERB
cblr-1717	577	33	this	this	DET
cblr-1717	577	34	trend	trend	NOUN
cblr-1717	577	35	.	.	PUNCT
cblr-1717	578	1	second	second	ADJ
cblr-1717	578	2	,	,	PUNCT
cblr-1717	578	3	the	the	DET
cblr-1717	578	4	shift	shift	NOUN
cblr-1717	578	5	from	from	ADP
cblr-1717	578	6	option	option	NOUN
cblr-1717	578	7	-	-	PUNCT
cblr-1717	578	8	based	base	VERB
cblr-1717	578	9	compensation	compensation	NOUN
cblr-1717	578	10	to	to	ADP
cblr-1717	578	11	stock	stock	NOUN
cblr-1717	578	12	-	-	PUNCT
cblr-1717	578	13	based	base	VERB
cblr-1717	578	14	compensation	compensation	NOUN
cblr-1717	578	15	has	have	VERB
cblr-1717	578	16	important	important	ADJ
cblr-1717	578	17	tax	tax	NOUN
cblr-1717	578	18	implications	implication	NOUN
cblr-1717	578	19	.	.	PUNCT
cblr-1717	579	1	while	while	SCONJ
cblr-1717	579	2	the	the	DET
cblr-1717	579	3	tax	tax	NOUN
cblr-1717	579	4	code	code	NOUN
cblr-1717	579	5	favors	favor	VERB
cblr-1717	579	6	option	option	NOUN
cblr-1717	579	7	-	-	PUNCT
cblr-1717	579	8	based	base	VERB
cblr-1717	579	9	compensation,127	compensation,127	NOUN
cblr-1717	579	10	many	many	ADJ
cblr-1717	579	11	senior	senior	ADJ
cblr-1717	579	12	executives	executive	NOUN
cblr-1717	579	13	currently	currently	ADV
cblr-1717	579	14	receive	receive	VERB
cblr-1717	579	15	the	the	DET
cblr-1717	579	16	majority	majority	NOUN
cblr-1717	579	17	of	of	ADP
cblr-1717	579	18	their	their	PRON
cblr-1717	579	19	equity	equity	NOUN
cblr-1717	579	20	compensation	compensation	NOUN
cblr-1717	579	21	in	in	ADP
cblr-1717	579	22	the	the	DET
cblr-1717	579	23	form	form	NOUN
cblr-1717	579	24	of	of	ADP
cblr-1717	579	25	company	company	NOUN
cblr-1717	579	26	stock	stock	NOUN
cblr-1717	579	27	.	.	PUNCT
cblr-1717	580	1	attempts	attempt	NOUN
cblr-1717	580	2	to	to	PART
cblr-1717	580	3	fit	fit	VERB
cblr-1717	580	4	stock	stock	NOUN
cblr-1717	580	5	-	-	PUNCT
cblr-1717	580	6	based	base	VERB
cblr-1717	580	7	compensation	compensation	NOUN
cblr-1717	580	8	into	into	ADP
cblr-1717	580	9	an	an	DET
cblr-1717	580	10	optionbased	optionbase	VERB
cblr-1717	580	11	tax	tax	NOUN
cblr-1717	580	12	code	code	NOUN
cblr-1717	580	13	have	have	AUX
cblr-1717	580	14	created	create	VERB
cblr-1717	580	15	perverse	perverse	ADJ
cblr-1717	580	16	results	result	NOUN
cblr-1717	580	17	,	,	PUNCT
cblr-1717	580	18	harming	harm	VERB
cblr-1717	580	19	firms	firm	NOUN
cblr-1717	580	20	and	and	CCONJ
cblr-1717	580	21	shareholders	shareholder	NOUN
cblr-1717	580	22	alike.128	alike.128	NOUN
cblr-1717	580	23	a.	a.	NOUN
cblr-1717	580	24	risk	risk	NOUN
cblr-1717	580	25	-	-	PUNCT
cblr-1717	580	26	taking	taking	NOUN
cblr-1717	580	27	for	for	ADP
cblr-1717	580	28	executives	executive	NOUN
cblr-1717	580	29	one	one	NUM
cblr-1717	580	30	purpose	purpose	NOUN
cblr-1717	580	31	of	of	ADP
cblr-1717	580	32	executive	executive	NOUN
cblr-1717	580	33	compensation	compensation	NOUN
cblr-1717	580	34	plans	plan	NOUN
cblr-1717	580	35	is	be	AUX
cblr-1717	580	36	to	to	PART
cblr-1717	580	37	align	align	VERB
cblr-1717	580	38	the	the	DET
cblr-1717	580	39	incentives	incentive	NOUN
cblr-1717	580	40	of	of	ADP
cblr-1717	580	41	executives	executive	NOUN
cblr-1717	580	42	with	with	ADP
cblr-1717	580	43	those	those	PRON
cblr-1717	580	44	of	of	ADP
cblr-1717	580	45	shareholders	shareholder	NOUN
cblr-1717	580	46	.	.	PUNCT
cblr-1717	581	1	a	a	DET
cblr-1717	581	2	125	125	NUM
cblr-1717	581	3	see	see	NOUN
cblr-1717	581	4	supra	supra	PROPN
cblr-1717	581	5	notes	note	NOUN
cblr-1717	581	6	3	3	NUM
cblr-1717	581	7	and	and	CCONJ
cblr-1717	581	8	4	4	NUM
cblr-1717	581	9	.	.	NOUN
cblr-1717	581	10	126	126	NUM
cblr-1717	581	11	for	for	ADP
cblr-1717	581	12	a	a	DET
cblr-1717	581	13	discussion	discussion	NOUN
cblr-1717	581	14	of	of	ADP
cblr-1717	581	15	this	this	DET
cblr-1717	581	16	evidence	evidence	NOUN
cblr-1717	581	17	,	,	PUNCT
cblr-1717	581	18	see	see	VERB
cblr-1717	581	19	supra	supra	PROPN
cblr-1717	581	20	section	section	PROPN
cblr-1717	581	21	iii.b	iii.b	PROPN
cblr-1717	581	22	.	.	PUNCT
cblr-1717	582	1	127	127	NUM
cblr-1717	582	2	see	see	VERB
cblr-1717	582	3	supra	supra	PROPN
cblr-1717	582	4	section	section	NOUN
cblr-1717	582	5	ii.c.1	ii.c.1	NOUN
cblr-1717	582	6	.	.	PUNCT
cblr-1717	583	1	128	128	NUM
cblr-1717	583	2	see	see	NOUN
cblr-1717	583	3	infra	infra	NOUN
cblr-1717	583	4	section	section	NOUN
cblr-1717	583	5	iv.a	iv.a	NOUN
cblr-1717	583	6	and	and	CCONJ
cblr-1717	583	7	section	section	PROPN
cblr-1717	583	8	iv.b	iv.b	PROPN
cblr-1717	583	9	.	.	PUNCT
cblr-1717	584	1	ades	ades	PROPN
cblr-1717	584	2	-	-	PUNCT
cblr-1717	584	3	laurent	laurent	NOUN
cblr-1717	584	4	–	–	PUNCT
cblr-1717	584	5	final	final	ADJ
cblr-1717	584	6	no	no	NOUN
cblr-1717	584	7	.	.	PUNCT
cblr-1717	585	1	1:347	1:347	NUM
cblr-1717	585	2	]	]	PUNCT
cblr-1717	585	3	disappearing	disappear	VERB
cblr-1717	585	4	stock	stock	NOUN
cblr-1717	585	5	options	option	NOUN
cblr-1717	585	6	385	385	NUM
cblr-1717	585	7	great	great	ADJ
cblr-1717	585	8	challenge	challenge	NOUN
cblr-1717	585	9	is	be	AUX
cblr-1717	585	10	to	to	PART
cblr-1717	585	11	counteract	counteract	VERB
cblr-1717	585	12	the	the	DET
cblr-1717	585	13	executive	executive	NOUN
cblr-1717	585	14	’s	’s	PART
cblr-1717	585	15	natural	natural	ADJ
cblr-1717	585	16	risk	risk	NOUN
cblr-1717	585	17	aversion	aversion	NOUN
cblr-1717	585	18	and	and	CCONJ
cblr-1717	585	19	self	self	NOUN
cblr-1717	585	20	-	-	PUNCT
cblr-1717	585	21	advancement.129	advancement.129	VERB
cblr-1717	585	22	stock	stock	NOUN
cblr-1717	585	23	options	option	NOUN
cblr-1717	585	24	are	be	AUX
cblr-1717	585	25	generally	generally	ADV
cblr-1717	585	26	presented	present	VERB
cblr-1717	585	27	as	as	ADP
cblr-1717	585	28	the	the	DET
cblr-1717	585	29	solution	solution	NOUN
cblr-1717	585	30	because	because	SCONJ
cblr-1717	585	31	they	they	PRON
cblr-1717	585	32	have	have	VERB
cblr-1717	585	33	an	an	DET
cblr-1717	585	34	asymmetric	asymmetric	ADJ
cblr-1717	585	35	payoff	payoff	NOUN
cblr-1717	585	36	:	:	PUNCT
cblr-1717	585	37	a	a	DET
cblr-1717	585	38	“	"	PUNCT
cblr-1717	585	39	virtually	virtually	ADV
cblr-1717	585	40	unlimited	unlimited	ADJ
cblr-1717	585	41	”	"	PUNCT
cblr-1717	585	42	upside	upside	NOUN
cblr-1717	585	43	if	if	SCONJ
cblr-1717	585	44	stock	stock	NOUN
cblr-1717	585	45	prices	price	NOUN
cblr-1717	585	46	rise	rise	VERB
cblr-1717	585	47	,	,	PUNCT
cblr-1717	585	48	and	and	CCONJ
cblr-1717	585	49	only	only	ADV
cblr-1717	585	50	minimal	minimal	ADJ
cblr-1717	585	51	consequence	consequence	NOUN
cblr-1717	585	52	if	if	SCONJ
cblr-1717	585	53	the	the	DET
cblr-1717	585	54	executive	executive	NOUN
cblr-1717	585	55	’s	’s	PART
cblr-1717	585	56	strategy	strategy	NOUN
cblr-1717	585	57	fails	fail	VERB
cblr-1717	585	58	to	to	PART
cblr-1717	585	59	increase	increase	VERB
cblr-1717	585	60	stock	stock	NOUN
cblr-1717	585	61	prices	price	NOUN
cblr-1717	585	62	,	,	PUNCT
cblr-1717	585	63	since	since	SCONJ
cblr-1717	585	64	the	the	DET
cblr-1717	585	65	executive	executive	NOUN
cblr-1717	585	66	does	do	AUX
cblr-1717	585	67	not	not	PART
cblr-1717	585	68	bear	bear	VERB
cblr-1717	585	69	any	any	DET
cblr-1717	585	70	additional	additional	ADJ
cblr-1717	585	71	loss	loss	NOUN
cblr-1717	585	72	other	other	ADJ
cblr-1717	585	73	than	than	ADP
cblr-1717	585	74	the	the	DET
cblr-1717	585	75	loss	loss	NOUN
cblr-1717	585	76	of	of	ADP
cblr-1717	585	77	options.130	options.130	NOUN
cblr-1717	585	78	the	the	DET
cblr-1717	585	79	underpinning	underpinning	NOUN
cblr-1717	585	80	is	be	AUX
cblr-1717	585	81	that	that	SCONJ
cblr-1717	585	82	the	the	DET
cblr-1717	585	83	objective	objective	ADJ
cblr-1717	585	84	option	option	NOUN
cblr-1717	585	85	value	value	NOUN
cblr-1717	585	86	increases	increase	VERB
cblr-1717	585	87	with	with	ADP
cblr-1717	585	88	stock	stock	NOUN
cblr-1717	585	89	price	price	NOUN
cblr-1717	585	90	volatility	volatility	NOUN
cblr-1717	585	91	.	.	PUNCT
cblr-1717	586	1	indeed	indeed	ADV
cblr-1717	586	2	,	,	PUNCT
cblr-1717	586	3	bebchuk	bebchuk	PROPN
cblr-1717	586	4	et	et	PROPN
cblr-1717	586	5	al	al	PROPN
cblr-1717	586	6	.	.	PROPN
cblr-1717	586	7	argue	argue	VERB
cblr-1717	586	8	that	that	SCONJ
cblr-1717	586	9	efficient	efficient	ADJ
cblr-1717	586	10	pay	pay	NOUN
cblr-1717	586	11	contracts	contract	NOUN
cblr-1717	586	12	should	should	AUX
cblr-1717	586	13	include	include	VERB
cblr-1717	586	14	a	a	DET
cblr-1717	586	15	mix	mix	NOUN
cblr-1717	586	16	of	of	ADP
cblr-1717	586	17	stock	stock	NOUN
cblr-1717	586	18	and	and	CCONJ
cblr-1717	586	19	options	option	NOUN
cblr-1717	586	20	that	that	PRON
cblr-1717	586	21	best	good	ADJ
cblr-1717	586	22	balances	balance	VERB
cblr-1717	586	23	incentives	incentive	NOUN
cblr-1717	586	24	and	and	CCONJ
cblr-1717	586	25	risk.131	risk.131	ADP
cblr-1717	586	26	the	the	DET
cblr-1717	586	27	first	first	ADJ
cblr-1717	586	28	subsection	subsection	NOUN
cblr-1717	586	29	more	more	ADV
cblr-1717	586	30	deeply	deeply	ADV
cblr-1717	586	31	discusses	discuss	VERB
cblr-1717	586	32	the	the	DET
cblr-1717	586	33	problems	problem	NOUN
cblr-1717	586	34	that	that	SCONJ
cblr-1717	586	35	suboptimal	suboptimal	ADJ
cblr-1717	586	36	risk	risk	NOUN
cblr-1717	586	37	-	-	PUNCT
cblr-1717	586	38	taking	take	VERB
cblr-1717	586	39	cause	cause	NOUN
cblr-1717	586	40	,	,	PUNCT
cblr-1717	586	41	while	while	SCONJ
cblr-1717	586	42	the	the	DET
cblr-1717	586	43	second	second	ADJ
cblr-1717	586	44	considers	consider	VERB
cblr-1717	586	45	shareholder	shareholder	NOUN
cblr-1717	586	46	activism	activism	NOUN
cblr-1717	586	47	as	as	ADP
cblr-1717	586	48	a	a	DET
cblr-1717	586	49	possible	possible	ADJ
cblr-1717	586	50	consequence	consequence	NOUN
cblr-1717	586	51	to	to	ADP
cblr-1717	586	52	suboptimal	suboptimal	ADJ
cblr-1717	586	53	risk	risk	NOUN
cblr-1717	586	54	-	-	PUNCT
cblr-1717	586	55	taking	taking	NOUN
cblr-1717	586	56	.	.	PUNCT
cblr-1717	587	1	1	1	X
cblr-1717	587	2	.	.	X
cblr-1717	587	3	risk	risk	NOUN
cblr-1717	587	4	-	-	PUNCT
cblr-1717	587	5	taking	taking	NOUN
cblr-1717	587	6	:	:	PUNCT
cblr-1717	587	7	the	the	DET
cblr-1717	587	8	issue	issue	NOUN
cblr-1717	587	9	there	there	ADV
cblr-1717	587	10	have	have	AUX
cblr-1717	587	11	long	long	ADV
cblr-1717	587	12	been	be	AUX
cblr-1717	587	13	concerns	concern	NOUN
cblr-1717	587	14	that	that	SCONJ
cblr-1717	587	15	options	option	NOUN
cblr-1717	587	16	may	may	AUX
cblr-1717	587	17	provide	provide	VERB
cblr-1717	587	18	harmful	harmful	ADJ
cblr-1717	587	19	impetuses	impetus	NOUN
cblr-1717	587	20	that	that	PRON
cblr-1717	587	21	drive	drive	VERB
cblr-1717	587	22	executives	executive	NOUN
cblr-1717	587	23	to	to	PART
cblr-1717	587	24	immoderately	immoderately	ADV
cblr-1717	587	25	take	take	VERB
cblr-1717	587	26	risks	risk	NOUN
cblr-1717	587	27	and	and	CCONJ
cblr-1717	587	28	decrease	decrease	VERB
cblr-1717	587	29	dividends	dividend	NOUN
cblr-1717	587	30	to	to	ADP
cblr-1717	587	31	shareholders	shareholder	NOUN
cblr-1717	587	32	.	.	PUNCT
cblr-1717	588	1	richard	richard	PROPN
cblr-1717	588	2	posner	posner	PROPN
cblr-1717	588	3	declared	declare	VERB
cblr-1717	588	4	that	that	SCONJ
cblr-1717	588	5	an	an	DET
cblr-1717	588	6	overreliance	overreliance	NOUN
cblr-1717	588	7	on	on	ADP
cblr-1717	588	8	stock	stock	NOUN
cblr-1717	588	9	options	option	NOUN
cblr-1717	588	10	incentivized	incentivize	VERB
cblr-1717	588	11	ceos	ceos	NOUN
cblr-1717	588	12	to	to	PART
cblr-1717	588	13	create	create	VERB
cblr-1717	588	14	stock	stock	NOUN
cblr-1717	588	15	price	price	NOUN
cblr-1717	588	16	bubbles	bubble	NOUN
cblr-1717	588	17	and	and	CCONJ
cblr-1717	588	18	“	"	PUNCT
cblr-1717	588	19	hope	hope	NOUN
cblr-1717	588	20	for	for	ADP
cblr-1717	588	21	the	the	DET
cblr-1717	588	22	best	good	ADJ
cblr-1717	588	23	.	.	PUNCT
cblr-1717	589	1	”132	”132	NOUN
cblr-1717	589	2	accordingly	accordingly	ADV
cblr-1717	589	3	,	,	PUNCT
cblr-1717	589	4	and	and	CCONJ
cblr-1717	589	5	especially	especially	ADV
cblr-1717	589	6	in	in	ADP
cblr-1717	589	7	the	the	DET
cblr-1717	589	8	aftermath	aftermath	NOUN
cblr-1717	589	9	of	of	ADP
cblr-1717	589	10	the	the	DET
cblr-1717	589	11	accounting	accounting	NOUN
cblr-1717	589	12	scandals	scandal	NOUN
cblr-1717	589	13	of	of	ADP
cblr-1717	589	14	the	the	DET
cblr-1717	589	15	early	early	ADJ
cblr-1717	589	16	2000	2000	NUM
cblr-1717	589	17	’s	’	NOUN
cblr-1717	589	18	and	and	CCONJ
cblr-1717	589	19	the	the	DET
cblr-1717	589	20	financial	financial	ADJ
cblr-1717	589	21	crisis	crisis	NOUN
cblr-1717	589	22	of	of	ADP
cblr-1717	589	23	2008	2008	NUM
cblr-1717	589	24	,	,	PUNCT
cblr-1717	589	25	legislators	legislator	NOUN
cblr-1717	589	26	and	and	CCONJ
cblr-1717	589	27	regulators	regulator	NOUN
cblr-1717	589	28	became	become	VERB
cblr-1717	589	29	determined	determined	ADJ
cblr-1717	589	30	to	to	PART
cblr-1717	589	31	disfavor	disfavor	VERB
cblr-1717	589	32	stock	stock	NOUN
cblr-1717	589	33	options	option	NOUN
cblr-1717	589	34	.	.	PUNCT
cblr-1717	590	1	yet	yet	ADV
cblr-1717	590	2	,	,	PUNCT
cblr-1717	590	3	suboptimal	suboptimal	ADJ
cblr-1717	590	4	risk	risk	NOUN
cblr-1717	590	5	-	-	PUNCT
cblr-1717	590	6	taking	taking	NOUN
cblr-1717	590	7	can	can	AUX
cblr-1717	590	8	take	take	VERB
cblr-1717	590	9	the	the	DET
cblr-1717	590	10	form	form	NOUN
cblr-1717	590	11	of	of	ADP
cblr-1717	590	12	either	either	CCONJ
cblr-1717	590	13	excessive	excessive	ADJ
cblr-1717	590	14	risk	risk	NOUN
cblr-1717	590	15	-	-	PUNCT
cblr-1717	590	16	taking	taking	NOUN
cblr-1717	590	17	or	or	CCONJ
cblr-1717	590	18	underinvestment	underinvestment	ADJ
cblr-1717	590	19	—	—	PUNCT
cblr-1717	590	20	both	both	PRON
cblr-1717	590	21	of	of	ADP
cblr-1717	590	22	which	which	PRON
cblr-1717	590	23	129	129	NUM
cblr-1717	590	24	there	there	PRON
cblr-1717	590	25	is	be	VERB
cblr-1717	590	26	a	a	DET
cblr-1717	590	27	wealth	wealth	NOUN
cblr-1717	590	28	of	of	ADP
cblr-1717	590	29	academic	academic	ADJ
cblr-1717	590	30	literature	literature	NOUN
cblr-1717	590	31	that	that	PRON
cblr-1717	590	32	rests	rest	VERB
cblr-1717	590	33	on	on	ADP
cblr-1717	590	34	the	the	DET
cblr-1717	590	35	assumption	assumption	NOUN
cblr-1717	590	36	of	of	ADP
cblr-1717	590	37	global	global	ADJ
cblr-1717	590	38	risk	risk	NOUN
cblr-1717	590	39	aversion	aversion	NOUN
cblr-1717	590	40	by	by	ADP
cblr-1717	590	41	executives	executive	NOUN
cblr-1717	590	42	.	.	PUNCT
cblr-1717	591	1	see	see	VERB
cblr-1717	591	2	,	,	PUNCT
cblr-1717	591	3	e.g.	e.g.	ADV
cblr-1717	591	4	,	,	PUNCT
cblr-1717	591	5	bebchuk	bebchuk	PROPN
cblr-1717	591	6	&	&	CCONJ
cblr-1717	591	7	fried	fried	PROPN
cblr-1717	591	8	,	,	PUNCT
cblr-1717	591	9	supra	supra	PROPN
cblr-1717	591	10	note	note	PROPN
cblr-1717	591	11	7	7	NUM
cblr-1717	591	12	;	;	PUNCT
cblr-1717	591	13	bebchuk	bebchuk	PROPN
cblr-1717	591	14	et	et	PROPN
cblr-1717	591	15	al	al	PROPN
cblr-1717	591	16	.	.	PROPN
cblr-1717	591	17	,	,	PUNCT
cblr-1717	591	18	supra	supra	PROPN
cblr-1717	591	19	note	note	PROPN
cblr-1717	591	20	9	9	NUM
cblr-1717	591	21	;	;	PUNCT
cblr-1717	591	22	bhagat	bhagat	PROPN
cblr-1717	591	23	&	&	CCONJ
cblr-1717	591	24	romano	romano	PROPN
cblr-1717	591	25	,	,	PUNCT
cblr-1717	591	26	supra	supra	ADJ
cblr-1717	591	27	note	note	PROPN
cblr-1717	591	28	5	5	NUM
cblr-1717	591	29	;	;	PUNCT
cblr-1717	591	30	jackson	jackson	PROPN
cblr-1717	591	31	,	,	PUNCT
cblr-1717	591	32	supra	supra	PROPN
cblr-1717	591	33	note	note	PROPN
cblr-1717	591	34	9	9	NUM
cblr-1717	591	35	;	;	PUNCT
cblr-1717	591	36	david	david	PROPN
cblr-1717	591	37	i.	i.	PROPN
cblr-1717	591	38	walker	walker	PROPN
cblr-1717	591	39	,	,	PUNCT
cblr-1717	591	40	the	the	DET
cblr-1717	591	41	law	law	NOUN
cblr-1717	591	42	and	and	CCONJ
cblr-1717	591	43	economics	economic	NOUN
cblr-1717	591	44	of	of	ADP
cblr-1717	591	45	executive	executive	ADJ
cblr-1717	591	46	compensation	compensation	NOUN
cblr-1717	591	47	:	:	PUNCT
cblr-1717	591	48	theory	theory	NOUN
cblr-1717	591	49	and	and	CCONJ
cblr-1717	591	50	evidence	evidence	NOUN
cblr-1717	591	51	,	,	PUNCT
cblr-1717	591	52	in	in	ADP
cblr-1717	591	53	research	research	NOUN
cblr-1717	591	54	handbook	handbook	NOUN
cblr-1717	591	55	on	on	ADP
cblr-1717	591	56	the	the	DET
cblr-1717	591	57	economics	economic	NOUN
cblr-1717	591	58	of	of	ADP
cblr-1717	591	59	corporate	corporate	ADJ
cblr-1717	591	60	law	law	NOUN
cblr-1717	591	61	232	232	NUM
cblr-1717	591	62	(	(	PUNCT
cblr-1717	591	63	claire	claire	PROPN
cblr-1717	591	64	a.	a.	PROPN
cblr-1717	591	65	hill	hill	PROPN
cblr-1717	591	66	&	&	CCONJ
cblr-1717	591	67	brett	brett	PROPN
cblr-1717	591	68	h.	h.	PROPN
cblr-1717	591	69	mcdonnell	mcdonnell	PROPN
cblr-1717	591	70	eds	eds	PROPN
cblr-1717	591	71	.	.	PROPN
cblr-1717	591	72	,	,	PUNCT
cblr-1717	591	73	2011	2011	NUM
cblr-1717	591	74	)	)	PUNCT
cblr-1717	591	75	.	.	PUNCT
cblr-1717	592	1	130	130	NUM
cblr-1717	592	2	lee	lee	PROPN
cblr-1717	592	3	harris	harris	PROPN
cblr-1717	592	4	,	,	PUNCT
cblr-1717	592	5	ceo	ceo	NOUN
cblr-1717	592	6	retention	retention	NOUN
cblr-1717	592	7	,	,	PUNCT
cblr-1717	592	8	65	65	NUM
cblr-1717	592	9	fl	fl	NOUN
cblr-1717	592	10	.	.	PUNCT
cblr-1717	592	11	l.	l.	PROPN
cblr-1717	592	12	rev	rev	PROPN
cblr-1717	592	13	.	.	PROPN
cblr-1717	592	14	1753	1753	NUM
cblr-1717	592	15	,	,	PUNCT
cblr-1717	592	16	1763	1763	NUM
cblr-1717	592	17	(	(	PUNCT
cblr-1717	592	18	2013	2013	NUM
cblr-1717	592	19	)	)	PUNCT
cblr-1717	592	20	.	.	PUNCT
cblr-1717	593	1	131	131	NUM
cblr-1717	593	2	bebchuk	bebchuk	PROPN
cblr-1717	593	3	et	et	PROPN
cblr-1717	593	4	al	al	PROPN
cblr-1717	593	5	.	.	PROPN
cblr-1717	593	6	,	,	PUNCT
cblr-1717	593	7	supra	supra	PROPN
cblr-1717	593	8	note	note	NOUN
cblr-1717	593	9	9	9	NUM
cblr-1717	593	10	,	,	PUNCT
cblr-1717	593	11	at	at	ADP
cblr-1717	593	12	756–57	756–57	NUM
cblr-1717	593	13	.	.	PUNCT
cblr-1717	594	1	132	132	NUM
cblr-1717	594	2	richard	richard	PROPN
cblr-1717	594	3	a.	a.	NOUN
cblr-1717	594	4	posner	posner	NOUN
cblr-1717	594	5	,	,	PUNCT
cblr-1717	594	6	a	a	DET
cblr-1717	594	7	failure	failure	NOUN
cblr-1717	594	8	of	of	ADP
cblr-1717	594	9	capitalism	capitalism	NOUN
cblr-1717	594	10	:	:	PUNCT
cblr-1717	594	11	the	the	DET
cblr-1717	594	12	crisis	crisis	NOUN
cblr-1717	594	13	of	of	ADP
cblr-1717	594	14	’	'	PUNCT
cblr-1717	594	15	08	08	NUM
cblr-1717	594	16	and	and	CCONJ
cblr-1717	594	17	the	the	DET
cblr-1717	594	18	descent	descent	NOUN
cblr-1717	594	19	into	into	ADP
cblr-1717	594	20	depression	depression	NOUN
cblr-1717	594	21	(	(	PUNCT
cblr-1717	594	22	2009	2009	NUM
cblr-1717	594	23	)	)	PUNCT
cblr-1717	594	24	.	.	PUNCT
cblr-1717	595	1	ades	ades	PROPN
cblr-1717	595	2	-	-	PUNCT
cblr-1717	595	3	laurent	laurent	NOUN
cblr-1717	595	4	–	–	PUNCT
cblr-1717	595	5	final	final	ADJ
cblr-1717	595	6	386	386	NUM
cblr-1717	595	7	columbia	columbia	PROPN
cblr-1717	595	8	business	business	NOUN
cblr-1717	595	9	law	law	NOUN
cblr-1717	595	10	review	review	NOUN
cblr-1717	596	1	[	[	X
cblr-1717	596	2	vol	vol	NOUN
cblr-1717	596	3	.	.	NOUN
cblr-1717	596	4	2017	2017	NUM
cblr-1717	596	5	may	may	AUX
cblr-1717	596	6	lead	lead	VERB
cblr-1717	596	7	to	to	ADP
cblr-1717	596	8	reductions	reduction	NOUN
cblr-1717	596	9	in	in	ADP
cblr-1717	596	10	aggregate	aggregate	ADJ
cblr-1717	596	11	welfare	welfare	NOUN
cblr-1717	596	12	.	.	PUNCT
cblr-1717	597	1	in	in	ADP
cblr-1717	597	2	the	the	DET
cblr-1717	597	3	absence	absence	NOUN
cblr-1717	597	4	of	of	ADP
cblr-1717	597	5	devices	device	NOUN
cblr-1717	597	6	like	like	ADP
cblr-1717	597	7	stock	stock	NOUN
cblr-1717	597	8	options	option	NOUN
cblr-1717	597	9	,	,	PUNCT
cblr-1717	597	10	there	there	PRON
cblr-1717	597	11	is	be	VERB
cblr-1717	597	12	good	good	ADJ
cblr-1717	597	13	reason	reason	NOUN
cblr-1717	597	14	to	to	PART
cblr-1717	597	15	believe	believe	VERB
cblr-1717	597	16	that	that	SCONJ
cblr-1717	597	17	managers	manager	NOUN
cblr-1717	597	18	will	will	AUX
cblr-1717	597	19	be	be	AUX
cblr-1717	597	20	overly	overly	ADV
cblr-1717	597	21	conservative.133	conservative.133	NOUN
cblr-1717	597	22	without	without	ADP
cblr-1717	597	23	the	the	DET
cblr-1717	597	24	incentives	incentive	NOUN
cblr-1717	597	25	tied	tie	VERB
cblr-1717	597	26	to	to	ADP
cblr-1717	597	27	option	option	NOUN
cblr-1717	597	28	compensation	compensation	NOUN
cblr-1717	597	29	,	,	PUNCT
cblr-1717	597	30	executives	executive	NOUN
cblr-1717	597	31	are	be	AUX
cblr-1717	597	32	less	less	ADV
cblr-1717	597	33	likely	likely	ADJ
cblr-1717	597	34	to	to	PART
cblr-1717	597	35	take	take	VERB
cblr-1717	597	36	risks	risk	NOUN
cblr-1717	597	37	for	for	ADP
cblr-1717	597	38	two	two	NUM
cblr-1717	597	39	reasons	reason	NOUN
cblr-1717	597	40	.	.	PUNCT
cblr-1717	598	1	first	first	ADV
cblr-1717	598	2	,	,	PUNCT
cblr-1717	598	3	executives	executive	NOUN
cblr-1717	598	4	make	make	VERB
cblr-1717	598	5	significant	significant	ADJ
cblr-1717	598	6	investments	investment	NOUN
cblr-1717	598	7	in	in	ADP
cblr-1717	598	8	the	the	DET
cblr-1717	598	9	firm	firm	NOUN
cblr-1717	598	10	,	,	PUNCT
cblr-1717	598	11	which	which	PRON
cblr-1717	598	12	they	they	PRON
cblr-1717	598	13	are	be	AUX
cblr-1717	598	14	unlikely	unlikely	ADJ
cblr-1717	598	15	to	to	PART
cblr-1717	598	16	recoup	recoup	VERB
cblr-1717	598	17	if	if	SCONJ
cblr-1717	598	18	the	the	DET
cblr-1717	598	19	company	company	NOUN
cblr-1717	598	20	fails	fail	VERB
cblr-1717	598	21	.	.	PUNCT
cblr-1717	599	1	second	second	ADJ
cblr-1717	599	2	,	,	PUNCT
cblr-1717	599	3	failure	failure	NOUN
cblr-1717	599	4	can	can	AUX
cblr-1717	599	5	impose	impose	VERB
cblr-1717	599	6	significant	significant	ADJ
cblr-1717	599	7	losses	loss	NOUN
cblr-1717	599	8	on	on	ADP
cblr-1717	599	9	executives	executive	NOUN
cblr-1717	599	10	in	in	ADP
cblr-1717	599	11	terms	term	NOUN
cblr-1717	599	12	of	of	ADP
cblr-1717	599	13	reputational	reputational	ADJ
cblr-1717	599	14	capital	capital	NOUN
cblr-1717	599	15	.	.	PUNCT
cblr-1717	600	1	thus	thus	ADV
cblr-1717	600	2	,	,	PUNCT
cblr-1717	600	3	because	because	SCONJ
cblr-1717	600	4	executives	executive	NOUN
cblr-1717	600	5	reap	reap	VERB
cblr-1717	600	6	high	high	ADJ
cblr-1717	600	7	salaries	salary	NOUN
cblr-1717	600	8	and	and	CCONJ
cblr-1717	600	9	benefits	benefit	NOUN
cblr-1717	600	10	from	from	ADP
cblr-1717	600	11	their	their	PRON
cblr-1717	600	12	positions	position	NOUN
cblr-1717	600	13	,	,	PUNCT
cblr-1717	600	14	they	they	PRON
cblr-1717	600	15	likely	likely	ADV
cblr-1717	600	16	will	will	AUX
cblr-1717	600	17	not	not	PART
cblr-1717	600	18	make	make	VERB
cblr-1717	600	19	waves	wave	NOUN
cblr-1717	600	20	and	and	CCONJ
cblr-1717	600	21	risk	risk	VERB
cblr-1717	600	22	their	their	PRON
cblr-1717	600	23	jobs	job	NOUN
cblr-1717	600	24	for	for	ADP
cblr-1717	600	25	a	a	DET
cblr-1717	600	26	riskier	risky	ADJ
cblr-1717	600	27	project	project	NOUN
cblr-1717	600	28	that	that	PRON
cblr-1717	600	29	their	their	PRON
cblr-1717	600	30	shareholders	shareholder	NOUN
cblr-1717	600	31	may	may	AUX
cblr-1717	600	32	prefer.134	prefer.134	VERB
cblr-1717	600	33	presumably	presumably	ADV
cblr-1717	600	34	,	,	PUNCT
cblr-1717	600	35	executives	executive	NOUN
cblr-1717	600	36	need	need	VERB
cblr-1717	600	37	to	to	PART
cblr-1717	600	38	be	be	AUX
cblr-1717	600	39	prodded	prod	VERB
cblr-1717	600	40	to	to	PART
cblr-1717	600	41	take	take	VERB
cblr-1717	600	42	steps	step	NOUN
cblr-1717	600	43	contrary	contrary	ADJ
cblr-1717	600	44	to	to	ADP
cblr-1717	600	45	their	their	PRON
cblr-1717	600	46	own	own	ADJ
cblr-1717	600	47	priorities	priority	NOUN
cblr-1717	600	48	.	.	PUNCT
cblr-1717	601	1	indeed	indeed	ADV
cblr-1717	601	2	,	,	PUNCT
cblr-1717	601	3	executives	executive	NOUN
cblr-1717	601	4	have	have	VERB
cblr-1717	601	5	every	every	DET
cblr-1717	601	6	incentive	incentive	NOUN
cblr-1717	601	7	to	to	PART
cblr-1717	601	8	reduce	reduce	VERB
cblr-1717	601	9	their	their	PRON
cblr-1717	601	10	risk	risk	NOUN
cblr-1717	601	11	exposure	exposure	NOUN
cblr-1717	601	12	even	even	ADV
cblr-1717	601	13	as	as	SCONJ
cblr-1717	601	14	equity	equity	NOUN
cblr-1717	601	15	pay	pay	NOUN
cblr-1717	601	16	enhances	enhance	VERB
cblr-1717	601	17	options	option	NOUN
cblr-1717	601	18	for	for	ADP
cblr-1717	601	19	them	they	PRON
cblr-1717	601	20	,	,	PUNCT
cblr-1717	601	21	by	by	ADP
cblr-1717	601	22	hedging	hedging	NOUN
cblr-1717	601	23	,	,	PUNCT
cblr-1717	601	24	backdating	backdating	NOUN
cblr-1717	601	25	option	option	NOUN
cblr-1717	601	26	grants	grant	NOUN
cblr-1717	601	27	,	,	PUNCT
cblr-1717	601	28	and	and	CCONJ
cblr-1717	601	29	similar	similar	ADJ
cblr-1717	601	30	schemes.135	schemes.135	VERB
cblr-1717	601	31	the	the	DET
cblr-1717	601	32	tension	tension	NOUN
cblr-1717	601	33	between	between	ADP
cblr-1717	601	34	mitigating	mitigate	VERB
cblr-1717	601	35	recklessness	recklessness	NOUN
cblr-1717	601	36	and	and	CCONJ
cblr-1717	601	37	avoiding	avoid	VERB
cblr-1717	601	38	excessive	excessive	ADJ
cblr-1717	601	39	conservatism	conservatism	NOUN
cblr-1717	601	40	is	be	AUX
cblr-1717	601	41	clear	clear	ADJ
cblr-1717	601	42	.	.	PUNCT
cblr-1717	602	1	forcing	force	VERB
cblr-1717	602	2	executives	executive	NOUN
cblr-1717	602	3	to	to	PART
cblr-1717	602	4	hold	hold	VERB
cblr-1717	602	5	stock	stock	NOUN
cblr-1717	602	6	rather	rather	ADV
cblr-1717	602	7	than	than	ADP
cblr-1717	602	8	options	option	NOUN
cblr-1717	602	9	mitigates	mitigate	VERB
cblr-1717	602	10	earnings	earning	NOUN
cblr-1717	602	11	manipulation	manipulation	NOUN
cblr-1717	602	12	and	and	CCONJ
cblr-1717	602	13	“	"	PUNCT
cblr-1717	602	14	bet	bet	VERB
cblr-1717	602	15	-	-	PUNCT
cblr-1717	602	16	the	the	DET
cblr-1717	602	17	-	-	PUNCT
cblr-1717	602	18	company	company	NOUN
cblr-1717	602	19	”	"	PUNCT
cblr-1717	602	20	risk	risk	NOUN
cblr-1717	602	21	taking	taking	NOUN
cblr-1717	602	22	,	,	PUNCT
cblr-1717	602	23	but	but	CCONJ
cblr-1717	602	24	also	also	ADV
cblr-1717	602	25	increases	increase	VERB
cblr-1717	602	26	executive	executive	ADJ
cblr-1717	602	27	risk	risk	NOUN
cblr-1717	602	28	-	-	PUNCT
cblr-1717	602	29	aversion	aversion	NOUN
cblr-1717	602	30	and	and	CCONJ
cblr-1717	602	31	conservatism.136	conservatism.136	NOUN
cblr-1717	602	32	riskaverse	riskaverse	NOUN
cblr-1717	602	33	executives	executive	NOUN
cblr-1717	602	34	will	will	AUX
cblr-1717	602	35	generally	generally	ADV
cblr-1717	602	36	prefer	prefer	VERB
cblr-1717	602	37	shorter	short	ADJ
cblr-1717	602	38	-	-	PUNCT
cblr-1717	602	39	term	term	NOUN
cblr-1717	602	40	,	,	PUNCT
cblr-1717	602	41	more	more	ADV
cblr-1717	602	42	incremental	incremental	ADJ
cblr-1717	602	43	projects	project	NOUN
cblr-1717	602	44	that	that	PRON
cblr-1717	602	45	are	be	AUX
cblr-1717	602	46	relatively	relatively	ADV
cblr-1717	602	47	safe	safe	ADJ
cblr-1717	602	48	,	,	PUNCT
cblr-1717	602	49	over	over	ADP
cblr-1717	602	50	longerterm	longerterm	NOUN
cblr-1717	602	51	research	research	NOUN
cblr-1717	602	52	and	and	CCONJ
cblr-1717	602	53	development	development	NOUN
cblr-1717	602	54	intensive	intensive	ADJ
cblr-1717	602	55	projects	project	NOUN
cblr-1717	602	56	,	,	PUNCT
cblr-1717	602	57	which	which	PRON
cblr-1717	602	58	are	be	AUX
cblr-1717	602	59	more	more	ADJ
cblr-1717	602	60	risky.137	risky.137	NOUN
cblr-1717	602	61	shareholders	shareholder	NOUN
cblr-1717	602	62	may	may	AUX
cblr-1717	602	63	wish	wish	VERB
cblr-1717	602	64	to	to	PART
cblr-1717	602	65	encourage	encourage	VERB
cblr-1717	602	66	133	133	NUM
cblr-1717	602	67	walker	walker	NOUN
cblr-1717	602	68	’s	’s	PART
cblr-1717	602	69	article	article	NOUN
cblr-1717	602	70	demonstrates	demonstrate	VERB
cblr-1717	602	71	that	that	SCONJ
cblr-1717	602	72	as	as	ADP
cblr-1717	602	73	risk	risk	NOUN
cblr-1717	602	74	aversion	aversion	NOUN
cblr-1717	602	75	increases	increase	NOUN
cblr-1717	602	76	,	,	PUNCT
cblr-1717	602	77	the	the	DET
cblr-1717	602	78	optimal	optimal	ADJ
cblr-1717	602	79	executive	executive	ADJ
cblr-1717	602	80	pay	pay	NOUN
cblr-1717	602	81	design	design	NOUN
cblr-1717	602	82	shifts	shift	NOUN
cblr-1717	602	83	in	in	ADP
cblr-1717	602	84	the	the	DET
cblr-1717	602	85	direction	direction	NOUN
cblr-1717	602	86	of	of	ADP
cblr-1717	602	87	stock	stock	NOUN
cblr-1717	602	88	,	,	PUNCT
cblr-1717	602	89	since	since	SCONJ
cblr-1717	602	90	a	a	DET
cblr-1717	602	91	highly	highly	ADV
cblr-1717	602	92	risk	risk	NOUN
cblr-1717	602	93	-	-	PUNCT
cblr-1717	602	94	averse	averse	ADJ
cblr-1717	602	95	option	option	NOUN
cblr-1717	602	96	recipient	recipient	NOUN
cblr-1717	602	97	will	will	AUX
cblr-1717	602	98	greatly	greatly	ADV
cblr-1717	602	99	discount	discount	VERB
cblr-1717	602	100	options	option	NOUN
cblr-1717	602	101	that	that	PRON
cblr-1717	602	102	have	have	VERB
cblr-1717	602	103	a	a	DET
cblr-1717	602	104	more	more	ADV
cblr-1717	602	105	remote	remote	ADJ
cblr-1717	602	106	payoff	payoff	NOUN
cblr-1717	602	107	prospect	prospect	NOUN
cblr-1717	602	108	.	.	PUNCT
cblr-1717	603	1	see	see	VERB
cblr-1717	603	2	walker	walker	PROPN
cblr-1717	603	3	,	,	PUNCT
cblr-1717	603	4	supra	supra	PROPN
cblr-1717	603	5	note	note	PROPN
cblr-1717	603	6	86	86	NUM
cblr-1717	603	7	,	,	PUNCT
cblr-1717	603	8	at	at	ADP
cblr-1717	603	9	622	622	NUM
cblr-1717	603	10	.	.	PUNCT
cblr-1717	604	1	134	134	NUM
cblr-1717	604	2	david	david	PROPN
cblr-1717	604	3	i.	i.	PROPN
cblr-1717	604	4	walker	walker	PROPN
cblr-1717	604	5	,	,	PUNCT
cblr-1717	604	6	the	the	DET
cblr-1717	604	7	challenge	challenge	NOUN
cblr-1717	604	8	of	of	ADP
cblr-1717	604	9	improving	improve	VERB
cblr-1717	604	10	the	the	DET
cblr-1717	604	11	long	long	ADJ
cblr-1717	604	12	-	-	PUNCT
cblr-1717	604	13	term	term	NOUN
cblr-1717	604	14	focus	focus	NOUN
cblr-1717	604	15	of	of	ADP
cblr-1717	604	16	executive	executive	ADJ
cblr-1717	604	17	pay	pay	NOUN
cblr-1717	604	18	,	,	PUNCT
cblr-1717	604	19	51	51	NUM
cblr-1717	604	20	b.c.l	b.c.l	NOUN
cblr-1717	604	21	.	.	PUNCT
cblr-1717	604	22	rev	rev	PROPN
cblr-1717	604	23	.	.	PROPN
cblr-1717	604	24	435	435	NUM
cblr-1717	604	25	,	,	PUNCT
cblr-1717	604	26	446	446	NUM
cblr-1717	604	27	(	(	PUNCT
cblr-1717	604	28	2010	2010	NUM
cblr-1717	604	29	)	)	PUNCT
cblr-1717	604	30	.	.	PUNCT
cblr-1717	605	1	135	135	NUM
cblr-1717	606	1	i	i	PRON
cblr-1717	606	2	d.	d.	NOUN
cblr-1717	606	3	at	at	ADP
cblr-1717	606	4	442	442	NUM
cblr-1717	606	5	(	(	PUNCT
cblr-1717	606	6	at	at	ADP
cblr-1717	606	7	the	the	DET
cblr-1717	606	8	extreme	extreme	ADJ
cblr-1717	606	9	,	,	PUNCT
cblr-1717	606	10	hedging	hedging	NOUN
cblr-1717	606	11	transactions	transaction	NOUN
cblr-1717	606	12	can	can	AUX
cblr-1717	606	13	completely	completely	ADV
cblr-1717	606	14	eliminate	eliminate	VERB
cblr-1717	606	15	firm	firm	ADJ
cblr-1717	606	16	-	-	PUNCT
cblr-1717	606	17	specific	specific	ADJ
cblr-1717	606	18	risk	risk	NOUN
cblr-1717	606	19	)	)	PUNCT
cblr-1717	606	20	.	.	PUNCT
cblr-1717	607	1	see	see	VERB
cblr-1717	607	2	also	also	ADV
cblr-1717	607	3	supra	supra	PROPN
cblr-1717	607	4	section	section	NOUN
cblr-1717	607	5	ii.c.3	ii.c.3	NOUN
cblr-1717	607	6	for	for	ADP
cblr-1717	607	7	a	a	DET
cblr-1717	607	8	discussion	discussion	NOUN
cblr-1717	607	9	on	on	ADP
cblr-1717	607	10	backdating	backdating	NOUN
cblr-1717	607	11	option	option	NOUN
cblr-1717	607	12	grants	grant	NOUN
cblr-1717	607	13	.	.	PUNCT
cblr-1717	608	1	136	136	NUM
cblr-1717	608	2	walker	walker	NOUN
cblr-1717	608	3	,	,	PUNCT
cblr-1717	608	4	supra	supra	PROPN
cblr-1717	608	5	note	note	PROPN
cblr-1717	608	6	14	14	NUM
cblr-1717	608	7	,	,	PUNCT
cblr-1717	608	8	at	at	ADP
cblr-1717	608	9	447	447	NUM
cblr-1717	608	10	.	.	NOUN
cblr-1717	608	11	137	137	NUM
cblr-1717	608	12	as	as	ADP
cblr-1717	608	13	one	one	NUM
cblr-1717	608	14	example	example	NOUN
cblr-1717	608	15	,	,	PUNCT
cblr-1717	608	16	consider	consider	VERB
cblr-1717	608	17	a	a	DET
cblr-1717	608	18	large	large	ADJ
cblr-1717	608	19	investment	investment	NOUN
cblr-1717	608	20	in	in	ADP
cblr-1717	608	21	research	research	NOUN
cblr-1717	608	22	and	and	CCONJ
cblr-1717	608	23	development	development	NOUN
cblr-1717	608	24	by	by	ADP
cblr-1717	608	25	a	a	DET
cblr-1717	608	26	pharmaceutical	pharmaceutical	ADJ
cblr-1717	608	27	company	company	NOUN
cblr-1717	608	28	.	.	PUNCT
cblr-1717	609	1	the	the	DET
cblr-1717	609	2	cost	cost	NOUN
cblr-1717	609	3	of	of	ADP
cblr-1717	609	4	bringing	bring	VERB
cblr-1717	609	5	a	a	DET
cblr-1717	609	6	new	new	ADJ
cblr-1717	609	7	drug	drug	NOUN
cblr-1717	609	8	to	to	ADP
cblr-1717	609	9	market	market	NOUN
cblr-1717	609	10	is	be	AUX
cblr-1717	609	11	very	very	ADV
cblr-1717	609	12	sensitive	sensitive	ADJ
cblr-1717	609	13	to	to	ADP
cblr-1717	609	14	changes	change	NOUN
cblr-1717	609	15	in	in	ADP
cblr-1717	609	16	science	science	NOUN
cblr-1717	609	17	and	and	CCONJ
cblr-1717	609	18	technology	technology	NOUN
cblr-1717	609	19	,	,	PUNCT
cblr-1717	609	20	shifts	shift	NOUN
cblr-1717	609	21	in	in	ADP
cblr-1717	609	22	the	the	DET
cblr-1717	609	23	types	type	NOUN
cblr-1717	609	24	of	of	ADP
cblr-1717	609	25	drugs	drug	NOUN
cblr-1717	609	26	under	under	ADP
cblr-1717	609	27	development	development	NOUN
cblr-1717	609	28	,	,	PUNCT
cblr-1717	609	29	and	and	CCONJ
cblr-1717	609	30	changes	change	NOUN
cblr-1717	609	31	in	in	ADP
cblr-1717	609	32	the	the	DET
cblr-1717	609	33	regulatory	regulatory	ADJ
cblr-1717	609	34	market	market	NOUN
cblr-1717	609	35	.	.	PUNCT
cblr-1717	610	1	consequently	consequently	ADV
cblr-1717	610	2	,	,	PUNCT
cblr-1717	610	3	it	it	PRON
cblr-1717	610	4	is	be	AUX
cblr-1717	610	5	impossible	impossible	ADJ
cblr-1717	610	6	to	to	PART
cblr-1717	610	7	predict	predict	VERB
cblr-1717	610	8	with	with	ADP
cblr-1717	610	9	certainty	certainty	PROPN
cblr-1717	610	10	ades	ade	NOUN
cblr-1717	610	11	-	-	PUNCT
cblr-1717	610	12	laurent	laurent	NOUN
cblr-1717	610	13	–	–	PUNCT
cblr-1717	610	14	final	final	ADJ
cblr-1717	610	15	no	no	NOUN
cblr-1717	610	16	.	.	PUNCT
cblr-1717	611	1	1:347	1:347	NUM
cblr-1717	611	2	]	]	PUNCT
cblr-1717	611	3	disappearing	disappear	VERB
cblr-1717	611	4	stock	stock	NOUN
cblr-1717	611	5	options	option	NOUN
cblr-1717	611	6	387	387	NUM
cblr-1717	611	7	executives	executive	NOUN
cblr-1717	611	8	to	to	PART
cblr-1717	611	9	be	be	AUX
cblr-1717	611	10	more	more	ADV
cblr-1717	611	11	aggressive	aggressive	ADJ
cblr-1717	611	12	and	and	CCONJ
cblr-1717	611	13	engage	engage	VERB
cblr-1717	611	14	in	in	ADP
cblr-1717	611	15	beneficial	beneficial	ADJ
cblr-1717	611	16	risk	risk	NOUN
cblr-1717	611	17	-	-	PUNCT
cblr-1717	611	18	taking	taking	NOUN
cblr-1717	611	19	that	that	PRON
cblr-1717	611	20	matches	match	VERB
cblr-1717	611	21	shareholders	shareholder	NOUN
cblr-1717	611	22	’	'	PUNCT
cblr-1717	611	23	preferences	preference	NOUN
cblr-1717	611	24	;	;	PUNCT
cblr-1717	611	25	risky	risky	ADJ
cblr-1717	611	26	projects	project	NOUN
cblr-1717	611	27	may	may	AUX
cblr-1717	611	28	be	be	AUX
cblr-1717	611	29	more	more	ADV
cblr-1717	611	30	valuable	valuable	ADJ
cblr-1717	611	31	than	than	ADP
cblr-1717	611	32	safe	safe	ADJ
cblr-1717	611	33	projects	project	NOUN
cblr-1717	611	34	for	for	ADP
cblr-1717	611	35	shareholders	shareholder	NOUN
cblr-1717	611	36	.	.	PUNCT
cblr-1717	612	1	the	the	DET
cblr-1717	612	2	concern	concern	NOUN
cblr-1717	612	3	is	be	AUX
cblr-1717	612	4	that	that	SCONJ
cblr-1717	612	5	this	this	DET
cblr-1717	612	6	new	new	ADJ
cblr-1717	612	7	balance	balance	NOUN
cblr-1717	612	8	of	of	ADP
cblr-1717	612	9	equity	equity	NOUN
cblr-1717	612	10	compensation	compensation	NOUN
cblr-1717	612	11	could	could	AUX
cblr-1717	612	12	shift	shift	VERB
cblr-1717	612	13	too	too	ADV
cblr-1717	612	14	far	far	ADV
cblr-1717	612	15	in	in	ADP
cblr-1717	612	16	the	the	DET
cblr-1717	612	17	direction	direction	NOUN
cblr-1717	612	18	of	of	ADP
cblr-1717	612	19	conservatism	conservatism	NOUN
cblr-1717	612	20	,	,	PUNCT
cblr-1717	612	21	halting	halt	VERB
cblr-1717	612	22	the	the	DET
cblr-1717	612	23	long	long	ADJ
cblr-1717	612	24	-	-	PUNCT
cblr-1717	612	25	term	term	NOUN
cblr-1717	612	26	performance	performance	NOUN
cblr-1717	612	27	of	of	ADP
cblr-1717	612	28	u.s	u.s	PROPN
cblr-1717	612	29	.	.	PROPN
cblr-1717	612	30	companies	company	NOUN
cblr-1717	612	31	.	.	PUNCT
cblr-1717	613	1	2	2	X
cblr-1717	613	2	.	.	NUM
cblr-1717	613	3	increased	increase	VERB
cblr-1717	613	4	shareholder	shareholder	NOUN
cblr-1717	613	5	activism	activism	NOUN
cblr-1717	613	6	as	as	ADP
cblr-1717	613	7	a	a	DET
cblr-1717	613	8	consequence	consequence	NOUN
cblr-1717	613	9	of	of	ADP
cblr-1717	613	10	suboptimal	suboptimal	ADJ
cblr-1717	613	11	risk	risk	NOUN
cblr-1717	613	12	-	-	PUNCT
cblr-1717	613	13	taking	take	VERB
cblr-1717	613	14	this	this	DET
cblr-1717	613	15	suboptimal	suboptimal	ADJ
cblr-1717	613	16	risk	risk	NOUN
cblr-1717	613	17	-	-	PUNCT
cblr-1717	613	18	taking	taking	NOUN
cblr-1717	613	19	on	on	ADP
cblr-1717	613	20	the	the	DET
cblr-1717	613	21	part	part	NOUN
cblr-1717	613	22	of	of	ADP
cblr-1717	613	23	ceos	ceos	NOUN
cblr-1717	613	24	brings	bring	VERB
cblr-1717	613	25	the	the	DET
cblr-1717	613	26	firm	firm	NOUN
cblr-1717	613	27	back	back	ADV
cblr-1717	613	28	to	to	ADP
cblr-1717	613	29	the	the	DET
cblr-1717	613	30	original	original	ADJ
cblr-1717	613	31	agency	agency	NOUN
cblr-1717	613	32	problem	problem	NOUN
cblr-1717	613	33	that	that	PRON
cblr-1717	613	34	stockoption	stockoption	NOUN
cblr-1717	613	35	compensation	compensation	NOUN
cblr-1717	613	36	was	be	AUX
cblr-1717	613	37	intended	intend	VERB
cblr-1717	613	38	to	to	PART
cblr-1717	613	39	fix	fix	VERB
cblr-1717	613	40	.	.	PUNCT
cblr-1717	614	1	the	the	DET
cblr-1717	614	2	natural	natural	ADJ
cblr-1717	614	3	aversion	aversion	NOUN
cblr-1717	614	4	on	on	ADP
cblr-1717	614	5	the	the	DET
cblr-1717	614	6	part	part	NOUN
cblr-1717	614	7	of	of	ADP
cblr-1717	614	8	the	the	DET
cblr-1717	614	9	manager	manager	NOUN
cblr-1717	614	10	,	,	PUNCT
cblr-1717	614	11	who	who	PRON
cblr-1717	614	12	stands	stand	VERB
cblr-1717	614	13	to	to	PART
cblr-1717	614	14	lose	lose	VERB
cblr-1717	614	15	invested	invest	VERB
cblr-1717	614	16	wealth	wealth	NOUN
cblr-1717	614	17	,	,	PUNCT
cblr-1717	614	18	firm	firm	ADJ
cblr-1717	614	19	-	-	PUNCT
cblr-1717	614	20	specific	specific	ADJ
cblr-1717	614	21	human	human	ADJ
cblr-1717	614	22	capital	capital	NOUN
cblr-1717	614	23	,	,	PUNCT
cblr-1717	614	24	and	and	CCONJ
cblr-1717	614	25	the	the	DET
cblr-1717	614	26	benefits	benefit	NOUN
cblr-1717	614	27	associated	associate	VERB
cblr-1717	614	28	with	with	ADP
cblr-1717	614	29	control	control	NOUN
cblr-1717	614	30	,	,	PUNCT
cblr-1717	614	31	lies	lie	VERB
cblr-1717	614	32	counter	counter	ADV
cblr-1717	614	33	to	to	ADP
cblr-1717	614	34	shareholders	shareholder	NOUN
cblr-1717	614	35	’	'	PUNCT
cblr-1717	614	36	interests	interest	NOUN
cblr-1717	614	37	.	.	PUNCT
cblr-1717	615	1	because	because	SCONJ
cblr-1717	615	2	risk	risk	NOUN
cblr-1717	615	3	and	and	CCONJ
cblr-1717	615	4	reward	reward	NOUN
cblr-1717	615	5	are	be	AUX
cblr-1717	615	6	positively	positively	ADV
cblr-1717	615	7	correlated	correlate	VERB
cblr-1717	615	8	,	,	PUNCT
cblr-1717	615	9	a	a	DET
cblr-1717	615	10	higher	high	ADJ
cblr-1717	615	11	npv	npv	NOUN
cblr-1717	615	12	project	project	NOUN
cblr-1717	615	13	will	will	AUX
cblr-1717	615	14	likely	likely	ADV
cblr-1717	615	15	be	be	AUX
cblr-1717	615	16	the	the	DET
cblr-1717	615	17	riskier	risky	ADJ
cblr-1717	615	18	one	one	NOUN
cblr-1717	615	19	—	—	PUNCT
cblr-1717	615	20	and	and	CCONJ
cblr-1717	615	21	,	,	PUNCT
cblr-1717	615	22	generally	generally	ADV
cblr-1717	615	23	speaking	speak	VERB
cblr-1717	615	24	,	,	PUNCT
cblr-1717	615	25	shareholders	shareholder	NOUN
cblr-1717	615	26	will	will	AUX
cblr-1717	615	27	prefer	prefer	VERB
cblr-1717	615	28	that	that	DET
cblr-1717	615	29	project	project	NOUN
cblr-1717	615	30	,	,	PUNCT
cblr-1717	615	31	even	even	ADV
cblr-1717	615	32	though	though	SCONJ
cblr-1717	615	33	managers	manager	NOUN
cblr-1717	615	34	may	may	AUX
cblr-1717	615	35	prefer	prefer	VERB
cblr-1717	615	36	the	the	DET
cblr-1717	615	37	less	less	ADV
cblr-1717	615	38	risky	risky	ADJ
cblr-1717	615	39	project	project	NOUN
cblr-1717	615	40	.	.	PUNCT
cblr-1717	616	1	thus	thus	ADV
cblr-1717	616	2	,	,	PUNCT
cblr-1717	616	3	unlike	unlike	ADP
cblr-1717	616	4	managers	manager	NOUN
cblr-1717	616	5	who	who	PRON
cblr-1717	616	6	are	be	AUX
cblr-1717	616	7	risk	risk	NOUN
cblr-1717	616	8	-	-	PUNCT
cblr-1717	616	9	averse	averse	ADJ
cblr-1717	616	10	,	,	PUNCT
cblr-1717	616	11	shareholders	shareholder	NOUN
cblr-1717	616	12	come	come	VERB
cblr-1717	616	13	to	to	ADP
cblr-1717	616	14	the	the	DET
cblr-1717	616	15	table	table	NOUN
cblr-1717	616	16	with	with	ADP
cblr-1717	616	17	the	the	DET
cblr-1717	616	18	financial	financial	ADJ
cblr-1717	616	19	incentive	incentive	NOUN
cblr-1717	616	20	to	to	PART
cblr-1717	616	21	maximize	maximize	VERB
cblr-1717	616	22	firm	firm	ADJ
cblr-1717	616	23	value	value	NOUN
cblr-1717	616	24	.	.	PUNCT
cblr-1717	617	1	shareholder	shareholder	NOUN
cblr-1717	617	2	activism	activism	NOUN
cblr-1717	617	3	shifts	shift	NOUN
cblr-1717	617	4	the	the	DET
cblr-1717	617	5	balance	balance	NOUN
cblr-1717	617	6	by	by	ADP
cblr-1717	617	7	allowing	allow	VERB
cblr-1717	617	8	shareholders	shareholder	NOUN
cblr-1717	617	9	to	to	PART
cblr-1717	617	10	vote	vote	VERB
cblr-1717	617	11	out	out	ADP
cblr-1717	617	12	the	the	DET
cblr-1717	617	13	ceo	ceo	NOUN
cblr-1717	617	14	if	if	SCONJ
cblr-1717	617	15	her	her	PRON
cblr-1717	617	16	underperformance	underperformance	NOUN
cblr-1717	617	17	limits	limit	VERB
cblr-1717	617	18	the	the	DET
cblr-1717	617	19	firm	firm	NOUN
cblr-1717	617	20	.	.	PUNCT
cblr-1717	618	1	thus	thus	ADV
cblr-1717	618	2	,	,	PUNCT
cblr-1717	618	3	a	a	DET
cblr-1717	618	4	change	change	NOUN
cblr-1717	618	5	in	in	ADP
cblr-1717	618	6	pay	pay	NOUN
cblr-1717	618	7	the	the	DET
cblr-1717	618	8	cost	cost	NOUN
cblr-1717	618	9	of	of	ADP
cblr-1717	618	10	bringing	bring	VERB
cblr-1717	618	11	a	a	DET
cblr-1717	618	12	new	new	ADJ
cblr-1717	618	13	drug	drug	NOUN
cblr-1717	618	14	to	to	PART
cblr-1717	618	15	market	market	VERB
cblr-1717	618	16	from	from	ADP
cblr-1717	618	17	estimated	estimate	VERB
cblr-1717	618	18	costs	cost	NOUN
cblr-1717	618	19	for	for	ADP
cblr-1717	618	20	drugs	drug	NOUN
cblr-1717	618	21	whose	whose	DET
cblr-1717	618	22	development	development	NOUN
cblr-1717	618	23	began	begin	VERB
cblr-1717	618	24	more	more	ADJ
cblr-1717	618	25	than	than	ADP
cblr-1717	618	26	a	a	DET
cblr-1717	618	27	decade	decade	NOUN
cblr-1717	618	28	ago	ago	ADV
cblr-1717	618	29	.	.	PUNCT
cblr-1717	619	1	additionally	additionally	ADV
cblr-1717	619	2	,	,	PUNCT
cblr-1717	619	3	the	the	DET
cblr-1717	619	4	full	full	ADJ
cblr-1717	619	5	cost	cost	NOUN
cblr-1717	619	6	of	of	ADP
cblr-1717	619	7	bringing	bring	VERB
cblr-1717	619	8	a	a	DET
cblr-1717	619	9	new	new	ADJ
cblr-1717	619	10	drug	drug	NOUN
cblr-1717	619	11	to	to	ADP
cblr-1717	619	12	market	market	NOUN
cblr-1717	619	13	requires	require	VERB
cblr-1717	619	14	huge	huge	ADJ
cblr-1717	619	15	outlays	outlay	NOUN
cblr-1717	619	16	of	of	ADP
cblr-1717	619	17	cash	cash	NOUN
cblr-1717	619	18	,	,	PUNCT
cblr-1717	619	19	which	which	PRON
cblr-1717	619	20	ties	tie	VERB
cblr-1717	619	21	up	up	ADP
cblr-1717	619	22	cash	cash	NOUN
cblr-1717	619	23	flows	flow	NOUN
cblr-1717	619	24	and	and	CCONJ
cblr-1717	619	25	may	may	AUX
cblr-1717	619	26	prevent	prevent	VERB
cblr-1717	619	27	the	the	DET
cblr-1717	619	28	company	company	NOUN
cblr-1717	619	29	from	from	ADP
cblr-1717	619	30	paying	pay	VERB
cblr-1717	619	31	off	off	ADP
cblr-1717	619	32	its	its	PRON
cblr-1717	619	33	debt	debt	NOUN
cblr-1717	619	34	.	.	PUNCT
cblr-1717	620	1	this	this	PRON
cblr-1717	620	2	could	could	AUX
cblr-1717	620	3	lead	lead	VERB
cblr-1717	620	4	to	to	ADP
cblr-1717	620	5	a	a	DET
cblr-1717	620	6	sharp	sharp	ADJ
cblr-1717	620	7	decrease	decrease	NOUN
cblr-1717	620	8	in	in	ADP
cblr-1717	620	9	stock	stock	NOUN
cblr-1717	620	10	price	price	NOUN
cblr-1717	620	11	,	,	PUNCT
cblr-1717	620	12	initially	initially	ADV
cblr-1717	620	13	—	—	PUNCT
cblr-1717	620	14	until	until	ADP
cblr-1717	620	15	(	(	PUNCT
cblr-1717	620	16	or	or	CCONJ
cblr-1717	620	17	if	if	SCONJ
cblr-1717	620	18	)	)	PUNCT
cblr-1717	620	19	the	the	DET
cblr-1717	620	20	drug	drug	NOUN
cblr-1717	620	21	generates	generate	VERB
cblr-1717	620	22	massive	massive	ADJ
cblr-1717	620	23	returns	return	NOUN
cblr-1717	620	24	at	at	ADP
cblr-1717	620	25	some	some	DET
cblr-1717	620	26	future	future	ADJ
cblr-1717	620	27	date	date	NOUN
cblr-1717	620	28	.	.	PUNCT
cblr-1717	621	1	between	between	ADP
cblr-1717	621	2	2010–2014	2010–2014	NUM
cblr-1717	621	3	,	,	PUNCT
cblr-1717	621	4	143	143	DET
cblr-1717	621	5	new	new	ADJ
cblr-1717	621	6	products	product	NOUN
cblr-1717	621	7	were	be	AUX
cblr-1717	621	8	launched	launch	VERB
cblr-1717	621	9	with	with	ADP
cblr-1717	621	10	projected	project	VERB
cblr-1717	621	11	lifetime	lifetime	NOUN
cblr-1717	621	12	revenues	revenue	NOUN
cblr-1717	621	13	of	of	ADP
cblr-1717	621	14	$	$	SYM
cblr-1717	621	15	955	955	NUM
cblr-1717	621	16	billion	billion	NUM
cblr-1717	621	17	,	,	PUNCT
cblr-1717	621	18	equaling	equal	VERB
cblr-1717	621	19	returns	return	NOUN
cblr-1717	621	20	of	of	ADP
cblr-1717	621	21	5.5	5.5	NUM
cblr-1717	621	22	%	%	NOUN
cblr-1717	621	23	.	.	PUNCT
cblr-1717	622	1	at	at	ADP
cblr-1717	622	2	the	the	DET
cblr-1717	622	3	same	same	ADJ
cblr-1717	622	4	time	time	NOUN
cblr-1717	622	5	,	,	PUNCT
cblr-1717	622	6	however	however	ADV
cblr-1717	622	7	,	,	PUNCT
cblr-1717	622	8	for	for	ADP
cblr-1717	622	9	every	every	DET
cblr-1717	622	10	$	$	SYM
cblr-1717	622	11	5	5	NUM
cblr-1717	622	12	gained	gain	VERB
cblr-1717	622	13	through	through	ADP
cblr-1717	622	14	asset	asset	NOUN
cblr-1717	622	15	launch	launch	NOUN
cblr-1717	622	16	,	,	PUNCT
cblr-1717	622	17	$	$	SYM
cblr-1717	622	18	2	2	NUM
cblr-1717	622	19	are	be	AUX
cblr-1717	622	20	lost	lose	VERB
cblr-1717	622	21	through	through	ADP
cblr-1717	622	22	failure	failure	NOUN
cblr-1717	622	23	.	.	PUNCT
cblr-1717	623	1	deloitte	deloitte	PROPN
cblr-1717	623	2	ctr	ctr	PROPN
cblr-1717	623	3	.	.	PUNCT
cblr-1717	624	1	for	for	ADP
cblr-1717	624	2	health	health	NOUN
cblr-1717	624	3	solutions	solution	NOUN
cblr-1717	624	4	,	,	PUNCT
cblr-1717	624	5	measuring	measure	VERB
cblr-1717	624	6	the	the	DET
cblr-1717	624	7	return	return	NOUN
cblr-1717	624	8	from	from	ADP
cblr-1717	624	9	pharmaceutical	pharmaceutical	ADJ
cblr-1717	624	10	innovation	innovation	NOUN
cblr-1717	624	11	2014	2014	NUM
cblr-1717	624	12	:	:	PUNCT
cblr-1717	624	13	turning	turn	VERB
cblr-1717	624	14	a	a	DET
cblr-1717	624	15	corner	corner	NOUN
cblr-1717	624	16	?	?	PUNCT
cblr-1717	625	1	3–4	3–4	NUM
cblr-1717	625	2	(	(	PUNCT
cblr-1717	625	3	2014	2014	NUM
cblr-1717	625	4	)	)	PUNCT
cblr-1717	625	5	,	,	PUNCT
cblr-1717	625	6	http://www2.deloitte.com/content/dam/deloitte/uk/documents/life-scienceshealth-care/measuring-the-return-from-pharmaceutical-innovation2014.pdf	http://www2.deloitte.com/content/dam/deloitte/uk/documents/life-scienceshealth-care/measuring-the-return-from-pharmaceutical-innovation2014.pdf	X
cblr-1717	626	1	[	[	X
cblr-1717	626	2	https://perma.cc/gsf8-655	https://perma.cc/gsf8-655	PROPN
cblr-1717	626	3	t	t	PROPN
cblr-1717	626	4	]	]	PUNCT
cblr-1717	626	5	.	.	PUNCT
cblr-1717	627	1	ades	ades	PROPN
cblr-1717	627	2	-	-	PUNCT
cblr-1717	627	3	laurent	laurent	NOUN
cblr-1717	627	4	–	–	PUNCT
cblr-1717	627	5	final	final	ADJ
cblr-1717	627	6	388	388	NUM
cblr-1717	627	7	columbia	columbia	PROPN
cblr-1717	627	8	business	business	NOUN
cblr-1717	627	9	law	law	PROPN
cblr-1717	627	10	review	review	NOUN
cblr-1717	628	1	[	[	X
cblr-1717	628	2	vol	vol	NOUN
cblr-1717	628	3	.	.	NOUN
cblr-1717	629	1	2017	2017	NUM
cblr-1717	629	2	structures	structure	NOUN
cblr-1717	629	3	can	can	AUX
cblr-1717	629	4	be	be	AUX
cblr-1717	629	5	viewed	view	VERB
cblr-1717	629	6	as	as	ADP
cblr-1717	629	7	a	a	DET
cblr-1717	629	8	justification	justification	NOUN
cblr-1717	629	9	for	for	ADP
cblr-1717	629	10	further	further	ADJ
cblr-1717	629	11	shareholder	shareholder	NOUN
cblr-1717	629	12	reform	reform	NOUN
cblr-1717	629	13	.	.	PUNCT
cblr-1717	630	1	the	the	DET
cblr-1717	630	2	past	past	ADJ
cblr-1717	630	3	decade	decade	NOUN
cblr-1717	630	4	shows	show	VERB
cblr-1717	630	5	that	that	SCONJ
cblr-1717	630	6	shareholder	shareholder	NOUN
cblr-1717	630	7	activism	activism	NOUN
cblr-1717	630	8	has	have	AUX
cblr-1717	630	9	been	be	AUX
cblr-1717	630	10	steadily	steadily	ADV
cblr-1717	630	11	increasing	increase	VERB
cblr-1717	630	12	,	,	PUNCT
cblr-1717	630	13	both	both	CCONJ
cblr-1717	630	14	in	in	ADP
cblr-1717	630	15	terms	term	NOUN
cblr-1717	630	16	of	of	ADP
cblr-1717	630	17	monitoring	monitor	VERB
cblr-1717	630	18	managers	manager	NOUN
cblr-1717	630	19	and	and	CCONJ
cblr-1717	630	20	effectuating	effectuate	VERB
cblr-1717	630	21	decisions.138	decisions.138	PROPN
cblr-1717	630	22	since	since	SCONJ
cblr-1717	630	23	the	the	DET
cblr-1717	630	24	end	end	NOUN
cblr-1717	630	25	of	of	ADP
cblr-1717	630	26	2009	2009	NUM
cblr-1717	630	27	,	,	PUNCT
cblr-1717	630	28	15	15	NUM
cblr-1717	630	29	%	%	NOUN
cblr-1717	630	30	of	of	ADP
cblr-1717	630	31	companies	company	NOUN
cblr-1717	630	32	on	on	ADP
cblr-1717	630	33	the	the	DET
cblr-1717	630	34	s&p	s&p	PROPN
cblr-1717	630	35	500	500	NUM
cblr-1717	630	36	index	index	NOUN
cblr-1717	630	37	have	have	AUX
cblr-1717	630	38	faced	face	VERB
cblr-1717	630	39	an	an	DET
cblr-1717	630	40	activist	activist	NOUN
cblr-1717	630	41	campaign,139	campaign,139	NOUN
cblr-1717	630	42	and	and	CCONJ
cblr-1717	630	43	activists	activist	NOUN
cblr-1717	630	44	have	have	AUX
cblr-1717	630	45	not	not	PART
cblr-1717	630	46	discriminated	discriminate	VERB
cblr-1717	630	47	in	in	ADP
cblr-1717	630	48	terms	term	NOUN
cblr-1717	630	49	of	of	ADP
cblr-1717	630	50	firm	firm	ADJ
cblr-1717	630	51	size	size	NOUN
cblr-1717	630	52	,	,	PUNCT
cblr-1717	630	53	age	age	NOUN
cblr-1717	630	54	,	,	PUNCT
cblr-1717	630	55	or	or	CCONJ
cblr-1717	630	56	prestige	prestige	NOUN
cblr-1717	630	57	.	.	PUNCT
cblr-1717	631	1	indeed	indeed	ADV
cblr-1717	631	2	,	,	PUNCT
cblr-1717	631	3	recently	recently	ADV
cblr-1717	631	4	,	,	PUNCT
cblr-1717	631	5	activists	activist	NOUN
cblr-1717	631	6	have	have	AUX
cblr-1717	631	7	targeted	target	VERB
cblr-1717	631	8	several	several	ADJ
cblr-1717	631	9	of	of	ADP
cblr-1717	631	10	the	the	DET
cblr-1717	631	11	largest	large	ADJ
cblr-1717	631	12	firms	firm	NOUN
cblr-1717	631	13	by	by	ADP
cblr-1717	631	14	market	market	NOUN
cblr-1717	631	15	capitalization,140	capitalization,140	PROPN
cblr-1717	631	16	the	the	DET
cblr-1717	631	17	oldest	old	ADJ
cblr-1717	631	18	firm	firm	NOUN
cblr-1717	631	19	on	on	ADP
cblr-1717	631	20	the	the	DET
cblr-1717	631	21	nyse,141	nyse,141	NOUN
cblr-1717	631	22	and	and	CCONJ
cblr-1717	631	23	today	today	NOUN
cblr-1717	631	24	’s	’s	PART
cblr-1717	631	25	technology	technology	NOUN
cblr-1717	631	26	and	and	CCONJ
cblr-1717	631	27	consumer	consumer	NOUN
cblr-1717	631	28	giant.142	giant.142	PROPN
cblr-1717	631	29	while	while	SCONJ
cblr-1717	631	30	out	out	ADP
cblr-1717	631	31	of	of	ADP
cblr-1717	631	32	the	the	DET
cblr-1717	631	33	approximately	approximately	ADV
cblr-1717	631	34	8000	8000	NUM
cblr-1717	631	35	hedge	hedge	NOUN
cblr-1717	631	36	funds	fund	NOUN
cblr-1717	631	37	,	,	PUNCT
cblr-1717	631	38	only	only	ADV
cblr-1717	631	39	71	71	NUM
cblr-1717	631	40	(	(	PUNCT
cblr-1717	631	41	less	less	ADJ
cblr-1717	631	42	than	than	ADP
cblr-1717	631	43	1	1	NUM
cblr-1717	631	44	%	%	NOUN
cblr-1717	631	45	)	)	PUNCT
cblr-1717	631	46	are	be	AUX
cblr-1717	631	47	activist	activist	ADJ
cblr-1717	631	48	,	,	PUNCT
cblr-1717	631	49	the	the	DET
cblr-1717	631	50	activist	activist	ADJ
cblr-1717	631	51	funds	fund	NOUN
cblr-1717	631	52	account	account	VERB
cblr-1717	631	53	4	4	NUM
cblr-1717	631	54	%	%	NOUN
cblr-1717	631	55	of	of	ADP
cblr-1717	631	56	the	the	DET
cblr-1717	631	57	$	$	SYM
cblr-1717	631	58	120	120	NUM
cblr-1717	631	59	billion	billion	NUM
cblr-1717	631	60	under	under	ADP
cblr-1717	631	61	management	management	NOUN
cblr-1717	631	62	in	in	ADP
cblr-1717	631	63	2014	2014	NUM
cblr-1717	631	64	and	and	CCONJ
cblr-1717	631	65	raised	raise	VERB
cblr-1717	631	66	one	one	NUM
cblr-1717	631	67	-	-	PUNCT
cblr-1717	631	68	fifth	fifth	NOUN
cblr-1717	631	69	of	of	ADP
cblr-1717	631	70	all	all	DET
cblr-1717	631	71	cash	cash	NOUN
cblr-1717	631	72	138	138	NUM
cblr-1717	631	73	andrew	andrew	PROPN
cblr-1717	631	74	c.	c.	PROPN
cblr-1717	631	75	w.	w.	PROPN
cblr-1717	631	76	lund	lund	PROPN
cblr-1717	631	77	&	&	CCONJ
cblr-1717	631	78	gregg	gregg	PROPN
cblr-1717	631	79	d.	d.	PROPN
cblr-1717	631	80	polsky	polsky	PROPN
cblr-1717	631	81	,	,	PUNCT
cblr-1717	631	82	the	the	DET
cblr-1717	631	83	diminishing	diminishing	NOUN
cblr-1717	631	84	return	return	NOUN
cblr-1717	631	85	of	of	ADP
cblr-1717	631	86	incentive	incentive	NOUN
cblr-1717	631	87	pay	pay	NOUN
cblr-1717	631	88	in	in	ADP
cblr-1717	631	89	executive	executive	ADJ
cblr-1717	631	90	compensation	compensation	NOUN
cblr-1717	631	91	contracts	contract	NOUN
cblr-1717	631	92	,	,	PUNCT
cblr-1717	631	93	87	87	NUM
cblr-1717	631	94	notre	notre	PROPN
cblr-1717	631	95	dame	dame	PROPN
cblr-1717	631	96	l.	l.	PROPN
cblr-1717	631	97	rev	rev	PROPN
cblr-1717	631	98	.	.	PROPN
cblr-1717	631	99	677	677	NUM
cblr-1717	631	100	,	,	PUNCT
cblr-1717	631	101	693	693	NUM
cblr-1717	631	102	(	(	PUNCT
cblr-1717	631	103	2012	2012	NUM
cblr-1717	631	104	)	)	PUNCT
cblr-1717	631	105	.	.	PUNCT
cblr-1717	632	1	139	139	NUM
cblr-1717	632	2	activist	activist	ADJ
cblr-1717	632	3	funds	fund	NOUN
cblr-1717	632	4	:	:	PUNCT
cblr-1717	632	5	an	an	DET
cblr-1717	632	6	investor	investor	NOUN
cblr-1717	632	7	calls	call	VERB
cblr-1717	632	8	,	,	PUNCT
cblr-1717	632	9	the	the	DET
cblr-1717	632	10	economist	economist	NOUN
cblr-1717	632	11	(	(	PUNCT
cblr-1717	632	12	feb	feb	PROPN
cblr-1717	632	13	.	.	PROPN
cblr-1717	632	14	7	7	NUM
cblr-1717	632	15	,	,	PUNCT
cblr-1717	632	16	2015	2015	NUM
cblr-1717	632	17	)	)	PUNCT
cblr-1717	632	18	,	,	PUNCT
cblr-1717	632	19	http://www.economist.com/news/briefing/21642175-sometimes-illmannered-speculative-and-wrong-activists-are-rampant-they-will-changeamerican	http://www.economist.com/news/briefing/21642175-sometimes-illmannered-speculative-and-wrong-activists-are-rampant-they-will-changeamerican	X
cblr-1717	633	1	[	[	X
cblr-1717	633	2	https://perma.cc/sz98-en42	https://perma.cc/sz98-en42	X
cblr-1717	633	3	]	]	X
cblr-1717	633	4	(	(	PUNCT
cblr-1717	633	5	defining	define	VERB
cblr-1717	633	6	“	"	PUNCT
cblr-1717	633	7	campaign	campaign	NOUN
cblr-1717	633	8	”	"	PUNCT
cblr-1717	633	9	as	as	ADP
cblr-1717	633	10	“	"	PUNCT
cblr-1717	633	11	an	an	DET
cblr-1717	633	12	effort	effort	NOUN
cblr-1717	633	13	to	to	PART
cblr-1717	633	14	change	change	VERB
cblr-1717	633	15	a	a	DET
cblr-1717	633	16	firm	firm	NOUN
cblr-1717	633	17	’s	’s	PART
cblr-1717	633	18	strategy	strategy	NOUN
cblr-1717	633	19	,	,	PUNCT
cblr-1717	633	20	acquire	acquire	VERB
cblr-1717	633	21	board	board	NOUN
cblr-1717	633	22	seats	seat	NOUN
cblr-1717	633	23	or	or	CCONJ
cblr-1717	633	24	remove	remove	VERB
cblr-1717	633	25	managers	manager	NOUN
cblr-1717	633	26	.	.	PUNCT
cblr-1717	633	27	”	"	PUNCT
cblr-1717	633	28	)	)	PUNCT
cblr-1717	633	29	.	.	PUNCT
cblr-1717	634	1	140	140	NUM
cblr-1717	634	2	in	in	ADP
cblr-1717	634	3	2013	2013	NUM
cblr-1717	634	4	,	,	PUNCT
cblr-1717	634	5	bill	bill	NOUN
cblr-1717	634	6	ackman	ackman	NOUN
cblr-1717	634	7	of	of	ADP
cblr-1717	634	8	pershing	pershing	PROPN
cblr-1717	634	9	square	square	PROPN
cblr-1717	634	10	began	begin	VERB
cblr-1717	634	11	a	a	DET
cblr-1717	634	12	campaign	campaign	NOUN
cblr-1717	634	13	against	against	ADP
cblr-1717	634	14	procter	procter	PROPN
cblr-1717	634	15	&	&	CCONJ
cblr-1717	634	16	gamble	gamble	PROPN
cblr-1717	634	17	that	that	PRON
cblr-1717	634	18	resulted	result	VERB
cblr-1717	634	19	in	in	ADP
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cblr-1717	634	21	ceo	ceo	NOUN
cblr-1717	634	22	’s	’s	PART
cblr-1717	634	23	replacement	replacement	NOUN
cblr-1717	634	24	in	in	ADP
cblr-1717	634	25	2015	2015	NUM
cblr-1717	634	26	.	.	PUNCT
cblr-1717	635	1	see	see	VERB
cblr-1717	635	2	chris	chris	PROPN
cblr-1717	635	3	isidore	isidore	PROPN
cblr-1717	635	4	,	,	PUNCT
cblr-1717	635	5	ackman	ackman	NOUN
cblr-1717	635	6	wins	win	VERB
cblr-1717	635	7	,	,	PUNCT
cblr-1717	635	8	p&g	p&g	PROPN
cblr-1717	635	9	dumps	dumps	PROPN
cblr-1717	635	10	ceo	ceo	PROPN
cblr-1717	635	11	,	,	PUNCT
cblr-1717	635	12	cnn	cnn	PROPN
cblr-1717	635	13	(	(	PUNCT
cblr-1717	635	14	may	may	PROPN
cblr-1717	635	15	24	24	NUM
cblr-1717	635	16	,	,	PUNCT
cblr-1717	635	17	2013	2013	NUM
cblr-1717	635	18	)	)	PUNCT
cblr-1717	635	19	,	,	PUNCT
cblr-1717	636	1	http://money.cnn.com/2013/05/24/news/companies/pg-ceo-ackman/	http://money.cnn.com/2013/05/24/news/companies/pg-ceo-ackman/	NOUN
cblr-1717	637	1	[	[	X
cblr-1717	637	2	https://perma.cc/y3b8-zufl	https://perma.cc/y3b8-zufl	X
cblr-1717	637	3	]	]	PUNCT
cblr-1717	637	4	.	.	PUNCT
cblr-1717	638	1	141	141	NUM
cblr-1717	638	2	in	in	ADP
cblr-1717	638	3	2014	2014	NUM
cblr-1717	638	4	,	,	PUNCT
cblr-1717	638	5	daniel	daniel	PROPN
cblr-1717	638	6	loeb	loeb	PROPN
cblr-1717	638	7	of	of	ADP
cblr-1717	638	8	third	third	ADJ
cblr-1717	638	9	point	point	NOUN
cblr-1717	638	10	along	along	ADP
cblr-1717	638	11	with	with	ADP
cblr-1717	638	12	marcato	marcato	PROPN
cblr-1717	638	13	capital	capital	NOUN
cblr-1717	638	14	management	management	PROPN
cblr-1717	638	15	launched	launch	VERB
cblr-1717	638	16	a	a	DET
cblr-1717	638	17	hostile	hostile	ADJ
cblr-1717	638	18	and	and	CCONJ
cblr-1717	638	19	public	public	ADJ
cblr-1717	638	20	bid	bid	NOUN
cblr-1717	638	21	for	for	ADP
cblr-1717	638	22	sotheby	sotheby	PROPN
cblr-1717	638	23	’s	’s	PART
cblr-1717	638	24	that	that	PRON
cblr-1717	638	25	resulted	result	VERB
cblr-1717	638	26	in	in	ADP
cblr-1717	638	27	a	a	DET
cblr-1717	638	28	win	win	NOUN
cblr-1717	638	29	of	of	ADP
cblr-1717	638	30	three	three	NUM
cblr-1717	638	31	board	board	NOUN
cblr-1717	638	32	seats	seat	NOUN
cblr-1717	638	33	for	for	ADP
cblr-1717	638	34	the	the	DET
cblr-1717	638	35	fund	fund	NOUN
cblr-1717	638	36	.	.	PUNCT
cblr-1717	639	1	see	see	VERB
cblr-1717	639	2	truce	truce	NOUN
cblr-1717	639	3	!	!	PUNCT
cblr-1717	640	1	dan	dan	PROPN
cblr-1717	640	2	loeb	loeb	PROPN
cblr-1717	640	3	’s	’s	PART
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cblr-1717	640	5	point	point	NOUN
cblr-1717	640	6	gets	get	VERB
cblr-1717	640	7	3	3	NUM
cblr-1717	640	8	board	board	NOUN
cblr-1717	640	9	seats	seat	NOUN
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cblr-1717	640	14	ceo	ceo	PROPN
cblr-1717	640	15	bill	bill	PROPN
cblr-1717	640	16	ruprecht	ruprecht	NOUN
cblr-1717	640	17	stays	stay	VERB
cblr-1717	640	18	on	on	ADP
cblr-1717	640	19	board	board	NOUN
cblr-1717	640	20	,	,	PUNCT
cblr-1717	640	21	forbes	forbes	X
cblr-1717	640	22	(	(	PUNCT
cblr-1717	640	23	may	may	PROPN
cblr-1717	640	24	5	5	NUM
cblr-1717	640	25	,	,	PUNCT
cblr-1717	640	26	2014	2014	NUM
cblr-1717	640	27	)	)	PUNCT
cblr-1717	640	28	,	,	PUNCT
cblr-1717	640	29	http://www.forbes.com/sites/	http://www.forbes.com/sites/	X
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cblr-1717	640	32	truce	truce	NOUN
cblr-1717	640	33	-	-	PUNCT
cblr-1717	640	34	dan	dan	NOUN
cblr-1717	640	35	-	-	PUNCT
cblr-1717	640	36	loebs	loebs	ADJ
cblr-1717	640	37	-	-	PUNCT
cblr-1717	640	38	third	third	ADJ
cblr-1717	640	39	-	-	PUNCT
cblr-1717	640	40	point	point	NOUN
cblr-1717	640	41	-	-	PUNCT
cblr-1717	640	42	gets-3	gets-3	NOUN
cblr-1717	640	43	-	-	PUNCT
cblr-1717	640	44	board	board	NOUN
cblr-1717	640	45	-	-	PUNCT
cblr-1717	640	46	seatsbut	seatsbut	NOUN
cblr-1717	640	47	-	-	PUNCT
cblr-1717	640	48	sothebys	sothebys	NOUN
cblr-1717	640	49	-	-	PUNCT
cblr-1717	640	50	ceo	ceo	NOUN
cblr-1717	640	51	-	-	PUNCT
cblr-1717	640	52	bill	bill	NOUN
cblr-1717	640	53	-	-	PUNCT
cblr-1717	640	54	ruprecht	ruprecht	NOUN
cblr-1717	640	55	-	-	PUNCT
cblr-1717	640	56	stays	stay	NOUN
cblr-1717	640	57	-	-	PUNCT
cblr-1717	640	58	on	on	ADP
cblr-1717	640	59	-	-	PUNCT
cblr-1717	640	60	board/#b8c55dc1501e	board/#b8c55dc1501e	PROPN
cblr-1717	641	1	[	[	X
cblr-1717	641	2	https://perma.cc/6xqn-htmj	https://perma.cc/6xqn-htmj	X
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cblr-1717	641	4	.	.	PUNCT
cblr-1717	642	1	142	142	NUM
cblr-1717	642	2	in	in	ADP
cblr-1717	642	3	2013	2013	NUM
cblr-1717	642	4	,	,	PUNCT
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cblr-1717	642	6	famed	famed	ADJ
cblr-1717	642	7	corporate	corporate	ADJ
cblr-1717	642	8	raider	raider	NOUN
cblr-1717	642	9	carl	carl	PROPN
cblr-1717	642	10	icahn	icahn	PROPN
cblr-1717	642	11	took	take	VERB
cblr-1717	642	12	a	a	DET
cblr-1717	642	13	position	position	NOUN
cblr-1717	642	14	in	in	ADP
cblr-1717	642	15	apple	apple	PROPN
cblr-1717	642	16	inc	inc	PROPN
cblr-1717	642	17	.	.	PROPN
cblr-1717	642	18	to	to	PART
cblr-1717	642	19	seek	seek	VERB
cblr-1717	642	20	a	a	DET
cblr-1717	642	21	larger	large	ADJ
cblr-1717	642	22	dividend	dividend	NOUN
cblr-1717	642	23	payout	payout	NOUN
cblr-1717	642	24	to	to	ADP
cblr-1717	642	25	shareholders	shareholder	NOUN
cblr-1717	642	26	.	.	PUNCT
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cblr-1717	643	3	satariano	satariano	PROPN
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cblr-1717	643	5	carl	carl	PROPN
cblr-1717	643	6	icahn	icahn	PROPN
cblr-1717	643	7	pushes	push	VERB
cblr-1717	643	8	for	for	ADP
cblr-1717	643	9	bigger	big	ADJ
cblr-1717	643	10	investor	investor	NOUN
cblr-1717	643	11	payout	payout	NOUN
cblr-1717	643	12	from	from	ADP
cblr-1717	643	13	apple	apple	NOUN
cblr-1717	643	14	,	,	PUNCT
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cblr-1717	643	16	(	(	PUNCT
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cblr-1717	643	25	/2013	/2013	PUNCT
cblr-1717	643	26	-	-	PUNCT
cblr-1717	643	27	08	08	NUM
cblr-1717	643	28	-	-	PUNCT
cblr-1717	643	29	14	14	NUM
cblr-1717	643	30	/	/	SYM
cblr-1717	643	31	carl	carl	PROPN
cblr-1717	643	32	-	-	PUNCT
cblr-1717	643	33	icahn	icahn	NOUN
cblr-1717	643	34	-	-	PUNCT
cblr-1717	643	35	pushes	push	NOUN
cblr-1717	643	36	-	-	PUNCT
cblr-1717	643	37	for	for	ADP
cblr-1717	643	38	-	-	PUNCT
cblr-1717	643	39	bigger	big	ADJ
cblr-1717	643	40	-	-	PUNCT
cblr-1717	643	41	investor	investor	NOUN
cblr-1717	643	42	-	-	PUNCT
cblr-1717	643	43	payout	payout	NOUN
cblr-1717	643	44	-	-	PUNCT
cblr-1717	643	45	from	from	ADP
cblr-1717	643	46	-	-	PUNCT
cblr-1717	643	47	apple	apple	NOUN
cblr-1717	643	48	[	[	X
cblr-1717	643	49	https://perma.cc/2d9z-3h5n	https://perma.cc/2d9z-3h5n	NOUN
cblr-1717	643	50	]	]	PUNCT
cblr-1717	643	51	.	.	PUNCT
cblr-1717	644	1	ades	ades	PROPN
cblr-1717	644	2	-	-	PUNCT
cblr-1717	644	3	laurent	laurent	NOUN
cblr-1717	644	4	–	–	PUNCT
cblr-1717	644	5	final	final	ADJ
cblr-1717	644	6	no	no	NOUN
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cblr-1717	645	4	stock	stock	NOUN
cblr-1717	645	5	options	option	NOUN
cblr-1717	645	6	389	389	NUM
cblr-1717	645	7	flows.143	flows.143	NOUN
cblr-1717	645	8	in	in	ADP
cblr-1717	645	9	the	the	DET
cblr-1717	645	10	past	past	ADJ
cblr-1717	645	11	five	five	NUM
cblr-1717	645	12	years	year	NOUN
cblr-1717	645	13	,	,	PUNCT
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cblr-1717	645	15	in	in	ADP
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cblr-1717	645	18	companies	company	NOUN
cblr-1717	645	19	on	on	ADP
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cblr-1717	645	22	500	500	NUM
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cblr-1717	645	24	been	be	AUX
cblr-1717	645	25	on	on	ADP
cblr-1717	645	26	the	the	DET
cblr-1717	645	27	receiving	receive	VERB
cblr-1717	645	28	end	end	NOUN
cblr-1717	645	29	of	of	ADP
cblr-1717	645	30	an	an	DET
cblr-1717	645	31	attack	attack	NOUN
cblr-1717	645	32	,	,	PUNCT
cblr-1717	645	33	but	but	CCONJ
cblr-1717	645	34	one	one	NUM
cblr-1717	645	35	in	in	ADP
cblr-1717	645	36	two	two	NUM
cblr-1717	645	37	has	have	AUX
cblr-1717	645	38	had	have	VERB
cblr-1717	645	39	a	a	DET
cblr-1717	645	40	large	large	ADJ
cblr-1717	645	41	activist	activist	ADJ
cblr-1717	645	42	fund	fund	NOUN
cblr-1717	645	43	in	in	ADP
cblr-1717	645	44	its	its	PRON
cblr-1717	645	45	share	share	NOUN
cblr-1717	646	1	register.144	register.144	PROPN
cblr-1717	646	2	clearly	clearly	ADV
cblr-1717	646	3	,	,	PUNCT
cblr-1717	646	4	hedge	hedge	NOUN
cblr-1717	646	5	funds	fund	NOUN
cblr-1717	646	6	are	be	AUX
cblr-1717	646	7	getting	get	VERB
cblr-1717	646	8	more	more	ADV
cblr-1717	646	9	involved	involved	ADJ
cblr-1717	646	10	in	in	ADP
cblr-1717	646	11	shareholder	shareholder	NOUN
cblr-1717	646	12	activism	activism	NOUN
cblr-1717	646	13	and	and	CCONJ
cblr-1717	646	14	hold	hold	VERB
cblr-1717	646	15	the	the	DET
cblr-1717	646	16	potential	potential	NOUN
cblr-1717	646	17	to	to	PART
cblr-1717	646	18	encourage	encourage	VERB
cblr-1717	646	19	change	change	NOUN
cblr-1717	646	20	in	in	ADP
cblr-1717	646	21	control	control	NOUN
cblr-1717	646	22	when	when	SCONJ
cblr-1717	646	23	they	they	PRON
cblr-1717	646	24	see	see	VERB
cblr-1717	646	25	a	a	DET
cblr-1717	646	26	firm	firm	ADJ
cblr-1717	646	27	underperforming	underperforming	NOUN
cblr-1717	646	28	.	.	PUNCT
cblr-1717	647	1	as	as	ADP
cblr-1717	647	2	marcel	marcel	PROPN
cblr-1717	647	3	kahan	kahan	PROPN
cblr-1717	647	4	and	and	CCONJ
cblr-1717	647	5	edward	edward	PROPN
cblr-1717	647	6	rock	rock	PROPN
cblr-1717	647	7	posit	posit	NOUN
cblr-1717	647	8	,	,	PUNCT
cblr-1717	647	9	“	"	PUNCT
cblr-1717	647	10	if	if	SCONJ
cblr-1717	647	11	a	a	DET
cblr-1717	647	12	ceo	ceo	NOUN
cblr-1717	647	13	makes	make	VERB
cblr-1717	647	14	mistakes	mistake	NOUN
cblr-1717	647	15	(	(	PUNCT
cblr-1717	647	16	or	or	CCONJ
cblr-1717	647	17	perhaps	perhaps	ADV
cblr-1717	647	18	just	just	ADV
cblr-1717	647	19	has	have	VERB
cblr-1717	647	20	back	back	ADV
cblr-1717	647	21	luck	luck	NOUN
cblr-1717	647	22	)	)	PUNCT
cblr-1717	647	23	,	,	PUNCT
cblr-1717	647	24	both	both	PRON
cblr-1717	647	25	shareholders	shareholder	NOUN
cblr-1717	647	26	and	and	CCONJ
cblr-1717	647	27	directors	director	NOUN
cblr-1717	647	28	will	will	AUX
cblr-1717	647	29	voice	voice	VERB
cblr-1717	647	30	their	their	PRON
cblr-1717	647	31	criticism	criticism	NOUN
cblr-1717	647	32	sooner	soon	ADV
cblr-1717	647	33	and	and	CCONJ
cblr-1717	647	34	more	more	ADV
cblr-1717	647	35	strongly	strongly	ADV
cblr-1717	647	36	than	than	ADP
cblr-1717	647	37	in	in	ADP
cblr-1717	647	38	the	the	DET
cblr-1717	647	39	days	day	NOUN
cblr-1717	647	40	of	of	ADP
cblr-1717	647	41	yore	yore	NOUN
cblr-1717	647	42	,	,	PUNCT
cblr-1717	647	43	be	be	AUX
cblr-1717	647	44	it	it	PRON
cblr-1717	647	45	informally	informally	ADV
cblr-1717	647	46	,	,	PUNCT
cblr-1717	647	47	[	[	X
cblr-1717	647	48	or	or	CCONJ
cblr-1717	647	49	]	]	X
cblr-1717	647	50	through	through	ADP
cblr-1717	647	51	.	.	PUNCT
cblr-1717	647	52	.	.	PUNCT
cblr-1717	647	53	.	.	PUNCT
cblr-1717	648	1	a	a	DET
cblr-1717	648	2	board	board	NOUN
cblr-1717	648	3	-	-	PUNCT
cblr-1717	648	4	induced	induce	VERB
cblr-1717	648	5	ceo	ceo	NOUN
cblr-1717	648	6	resignation	resignation	NOUN
cblr-1717	648	7	.	.	PUNCT
cblr-1717	648	8	”145	”145	PUNCT
cblr-1717	649	1	furthermore	furthermore	ADV
cblr-1717	649	2	,	,	PUNCT
cblr-1717	649	3	a	a	DET
cblr-1717	649	4	recent	recent	ADJ
cblr-1717	649	5	paper	paper	NOUN
cblr-1717	649	6	by	by	ADP
cblr-1717	649	7	thomas	thomas	PROPN
cblr-1717	649	8	keusch	keusch	PROPN
cblr-1717	649	9	predicted	predict	VERB
cblr-1717	649	10	that	that	SCONJ
cblr-1717	649	11	companies	company	NOUN
cblr-1717	649	12	targeted	target	VERB
cblr-1717	649	13	by	by	ADP
cblr-1717	649	14	activist	activist	ADJ
cblr-1717	649	15	investors	investor	NOUN
cblr-1717	649	16	will	will	AUX
cblr-1717	649	17	see	see	VERB
cblr-1717	649	18	higher	high	ADJ
cblr-1717	649	19	ceo	ceo	NOUN
cblr-1717	649	20	turnover	turnover	NOUN
cblr-1717	649	21	,	,	PUNCT
cblr-1717	649	22	especially	especially	ADV
cblr-1717	649	23	when	when	SCONJ
cblr-1717	649	24	the	the	DET
cblr-1717	649	25	activist	activist	NOUN
cblr-1717	649	26	wins	win	VERB
cblr-1717	649	27	a	a	DET
cblr-1717	649	28	board	board	NOUN
cblr-1717	649	29	seat.146	seat.146	NOUN
cblr-1717	649	30	before	before	ADP
cblr-1717	649	31	an	an	DET
cblr-1717	649	32	activist	activist	ADJ
cblr-1717	649	33	engagement	engagement	NOUN
cblr-1717	649	34	,	,	PUNCT
cblr-1717	649	35	ceo	ceo	NOUN
cblr-1717	649	36	turnover	turnover	NOUN
cblr-1717	649	37	at	at	ADP
cblr-1717	649	38	targeted	target	VERB
cblr-1717	649	39	firms	firm	NOUN
cblr-1717	649	40	tended	tend	VERB
cblr-1717	649	41	to	to	PART
cblr-1717	649	42	be	be	AUX
cblr-1717	649	43	similar	similar	ADJ
cblr-1717	649	44	to	to	ADP
cblr-1717	649	45	turnover	turnover	NOUN
cblr-1717	649	46	at	at	ADP
cblr-1717	649	47	control	control	NOUN
cblr-1717	649	48	group	group	NOUN
cblr-1717	649	49	firms	firm	NOUN
cblr-1717	649	50	.	.	PUNCT
cblr-1717	650	1	within	within	ADP
cblr-1717	650	2	two	two	NUM
cblr-1717	650	3	years	year	NOUN
cblr-1717	650	4	post	post	ADJ
cblr-1717	650	5	-	-	NOUN
cblr-1717	650	6	engagement	engagement	ADJ
cblr-1717	650	7	,	,	PUNCT
cblr-1717	650	8	however	however	ADV
cblr-1717	650	9	,	,	PUNCT
cblr-1717	650	10	targeted	targeted	ADJ
cblr-1717	650	11	firms	firm	NOUN
cblr-1717	650	12	tended	tend	VERB
cblr-1717	650	13	to	to	PART
cblr-1717	650	14	see	see	VERB
cblr-1717	650	15	between	between	ADP
cblr-1717	650	16	5–6	5–6	NOUN
cblr-1717	650	17	%	%	NOUN
cblr-1717	650	18	more	more	ADJ
cblr-1717	650	19	turnover.147	turnover.147	PROPN
cblr-1717	650	20	today	today	NOUN
cblr-1717	650	21	,	,	PUNCT
cblr-1717	650	22	the	the	DET
cblr-1717	650	23	average	average	ADJ
cblr-1717	650	24	tenure	tenure	NOUN
cblr-1717	650	25	of	of	ADP
cblr-1717	650	26	an	an	DET
cblr-1717	650	27	s&p	s&p	PROPN
cblr-1717	650	28	500	500	NUM
cblr-1717	650	29	ceo	ceo	NOUN
cblr-1717	650	30	has	have	AUX
cblr-1717	650	31	shrunk	shrink	VERB
cblr-1717	650	32	in	in	ADP
cblr-1717	650	33	the	the	DET
cblr-1717	650	34	years	year	NOUN
cblr-1717	650	35	after	after	ADP
cblr-1717	650	36	1998	1998	NUM
cblr-1717	650	37	to	to	ADP
cblr-1717	650	38	a	a	DET
cblr-1717	650	39	little	little	ADJ
cblr-1717	650	40	more	more	ADJ
cblr-1717	650	41	than	than	ADP
cblr-1717	650	42	six	six	NUM
cblr-1717	650	43	years	year	NOUN
cblr-1717	650	44	,	,	PUNCT
cblr-1717	650	45	even	even	ADV
cblr-1717	650	46	while	while	SCONJ
cblr-1717	650	47	the	the	DET
cblr-1717	650	48	s&p	s&p	PROPN
cblr-1717	650	49	500	500	NUM
cblr-1717	650	50	index	index	NOUN
cblr-1717	650	51	rose	rise	VERB
cblr-1717	650	52	more	more	ADJ
cblr-1717	650	53	than	than	ADP
cblr-1717	650	54	threefold.148	threefold.148	NOUN
cblr-1717	650	55	and	and	CCONJ
cblr-1717	650	56	perhaps	perhaps	ADV
cblr-1717	650	57	equally	equally	ADV
cblr-1717	650	58	as	as	ADV
cblr-1717	650	59	important	important	ADJ
cblr-1717	650	60	as	as	ADP
cblr-1717	650	61	the	the	DET
cblr-1717	650	62	victories	victory	NOUN
cblr-1717	650	63	that	that	PRON
cblr-1717	650	64	the	the	DET
cblr-1717	650	65	shareholders	shareholder	NOUN
cblr-1717	650	66	have	have	AUX
cblr-1717	650	67	won	win	VERB
cblr-1717	650	68	are	be	AUX
cblr-1717	650	69	the	the	DET
cblr-1717	650	70	battles	battle	NOUN
cblr-1717	650	71	that	that	PRON
cblr-1717	650	72	they	they	PRON
cblr-1717	650	73	have	have	AUX
cblr-1717	650	74	not	not	PART
cblr-1717	650	75	had	have	VERB
cblr-1717	650	76	to	to	PART
cblr-1717	650	77	fight	fight	VERB
cblr-1717	650	78	—	—	PUNCT
cblr-1717	650	79	those	those	PRON
cblr-1717	650	80	where	where	SCONJ
cblr-1717	650	81	they	they	PRON
cblr-1717	650	82	can	can	AUX
cblr-1717	650	83	influence	influence	VERB
cblr-1717	650	84	managerial	managerial	ADJ
cblr-1717	650	85	decision	decision	NOUN
cblr-1717	650	86	-	-	PUNCT
cblr-1717	650	87	making	making	NOUN
cblr-1717	650	88	without	without	ADP
cblr-1717	650	89	ousting	oust	VERB
cblr-1717	650	90	the	the	DET
cblr-1717	650	91	ceo	ceo	NOUN
cblr-1717	650	92	.	.	PUNCT
cblr-1717	651	1	143	143	NUM
cblr-1717	651	2	activist	activist	ADJ
cblr-1717	651	3	funds	fund	NOUN
cblr-1717	651	4	:	:	PUNCT
cblr-1717	651	5	an	an	DET
cblr-1717	651	6	investor	investor	NOUN
cblr-1717	651	7	calls	call	VERB
cblr-1717	651	8	,	,	PUNCT
cblr-1717	651	9	supra	supra	PROPN
cblr-1717	651	10	note	note	NOUN
cblr-1717	651	11	139	139	NUM
cblr-1717	651	12	.	.	PUNCT
cblr-1717	652	1	144	144	NUM
cblr-1717	652	2	shareholder	shareholder	NOUN
cblr-1717	652	3	activism	activism	NOUN
cblr-1717	652	4	:	:	PUNCT
cblr-1717	652	5	capitalism	capitalism	NOUN
cblr-1717	652	6	’s	’s	PART
cblr-1717	652	7	unlikely	unlikely	ADJ
cblr-1717	652	8	heroes	hero	NOUN
cblr-1717	652	9	,	,	PUNCT
cblr-1717	652	10	the	the	DET
cblr-1717	652	11	economist	economist	NOUN
cblr-1717	652	12	(	(	PUNCT
cblr-1717	652	13	feb	feb	PROPN
cblr-1717	652	14	.	.	PROPN
cblr-1717	652	15	7	7	NUM
cblr-1717	652	16	,	,	PUNCT
cblr-1717	652	17	2015	2015	NUM
cblr-1717	652	18	)	)	PUNCT
cblr-1717	652	19	,	,	PUNCT
cblr-1717	652	20	http://www.economist.com/news/leaders	http://www.economist.com/news/leader	NOUN
cblr-1717	652	21	/21642169	/21642169	PUNCT
cblr-1717	652	22	-	-	PUNCT
cblr-1717	652	23	why	why	ADV
cblr-1717	652	24	-	-	PUNCT
cblr-1717	652	25	activist	activist	ADJ
cblr-1717	652	26	-	-	PUNCT
cblr-1717	652	27	investors	investor	NOUN
cblr-1717	652	28	-	-	PUNCT
cblr-1717	652	29	are	be	AUX
cblr-1717	652	30	-	-	PUNCT
cblr-1717	652	31	good	good	ADJ
cblr-1717	652	32	-	-	PUNCT
cblr-1717	652	33	public	public	ADJ
cblr-1717	652	34	-	-	PUNCT
cblr-1717	652	35	company	company	NOUN
cblr-1717	652	36	-	-	PUNCT
cblr-1717	652	37	capitalismsunlikely	capitalismsunlikely	ADV
cblr-1717	652	38	-	-	PUNCT
cblr-1717	652	39	heroes	hero	NOUN
cblr-1717	652	40	[	[	X
cblr-1717	652	41	https://perma.cc/n9ft-vu3c	https://perma.cc/n9ft-vu3c	X
cblr-1717	652	42	]	]	X
cblr-1717	652	43	.	.	PUNCT
cblr-1717	653	1	145	145	NUM
cblr-1717	653	2	marcel	marcel	PROPN
cblr-1717	653	3	kahan	kahan	PROPN
cblr-1717	653	4	&	&	CCONJ
cblr-1717	653	5	edward	edward	PROPN
cblr-1717	653	6	b.	b.	PROPN
cblr-1717	653	7	rock	rock	PROPN
cblr-1717	653	8	,	,	PUNCT
cblr-1717	653	9	embattled	embattle	VERB
cblr-1717	653	10	ceos	ceo	NOUN
cblr-1717	653	11	,	,	PUNCT
cblr-1717	653	12	88	88	NUM
cblr-1717	653	13	tex	tex	PROPN
cblr-1717	653	14	.	.	PROPN
cblr-1717	653	15	l.	l.	PROPN
cblr-1717	653	16	rev	rev	PROPN
cblr-1717	653	17	.	.	PROPN
cblr-1717	653	18	987	987	NUM
cblr-1717	653	19	,	,	PUNCT
cblr-1717	653	20	1040	1040	NUM
cblr-1717	653	21	(	(	PUNCT
cblr-1717	653	22	2010	2010	NUM
cblr-1717	653	23	)	)	PUNCT
cblr-1717	653	24	.	.	PUNCT
cblr-1717	654	1	146	146	NUM
cblr-1717	654	2	thomas	thomas	PROPN
cblr-1717	654	3	keusch	keusch	PROPN
cblr-1717	654	4	,	,	PUNCT
cblr-1717	654	5	shareholder	shareholder	NOUN
cblr-1717	654	6	power	power	NOUN
cblr-1717	654	7	and	and	CCONJ
cblr-1717	654	8	managerial	managerial	ADJ
cblr-1717	654	9	incentives	incentive	NOUN
cblr-1717	654	10	12	12	NUM
cblr-1717	654	11	(	(	PUNCT
cblr-1717	654	12	mar	mar	PROPN
cblr-1717	654	13	.	.	PROPN
cblr-1717	654	14	2016	2016	NUM
cblr-1717	654	15	)	)	PUNCT
cblr-1717	654	16	(	(	PUNCT
cblr-1717	654	17	unpublished	unpublished	ADJ
cblr-1717	654	18	working	working	NOUN
cblr-1717	654	19	paper	paper	NOUN
cblr-1717	654	20	)	)	PUNCT
cblr-1717	654	21	,	,	PUNCT
cblr-1717	654	22	http://papers.ssrn.com/sol3/	http://papers.ssrn.com/sol3/	X
cblr-1717	654	23	papers.cfm?abstract_id=2746135	papers.cfm?abstract_id=2746135	X
cblr-1717	655	1	[	[	X
cblr-1717	655	2	https://perma.cc/y4bs-jfzl	https://perma.cc/y4bs-jfzl	X
cblr-1717	655	3	]	]	X
cblr-1717	655	4	.	.	PUNCT
cblr-1717	656	1	147	147	NUM
cblr-1717	657	1	i	i	PRON
cblr-1717	657	2	d.	d.	PROPN
cblr-1717	657	3	at	at	ADP
cblr-1717	657	4	21	21	NUM
cblr-1717	657	5	.	.	PUNCT
cblr-1717	658	1	148	148	NUM
cblr-1717	658	2	joann	joann	PROPN
cblr-1717	658	3	s.	s.	PROPN
cblr-1717	658	4	lublin	lublin	PROPN
cblr-1717	658	5	,	,	PUNCT
cblr-1717	658	6	ceo	ceo	NOUN
cblr-1717	658	7	tenure	tenure	NOUN
cblr-1717	658	8	,	,	PUNCT
cblr-1717	658	9	stock	stock	NOUN
cblr-1717	658	10	gains	gain	NOUN
cblr-1717	658	11	often	often	ADV
cblr-1717	658	12	go	go	VERB
cblr-1717	658	13	hand	hand	NOUN
cblr-1717	658	14	-	-	PUNCT
cblr-1717	658	15	inhand	inhand	NOUN
cblr-1717	658	16	,	,	PUNCT
cblr-1717	658	17	wall	wall	PROPN
cblr-1717	658	18	st	st	PROPN
cblr-1717	658	19	.	.	PROPN
cblr-1717	658	20	j.	j.	PROPN
cblr-1717	658	21	(	(	PUNCT
cblr-1717	658	22	july	july	PROPN
cblr-1717	658	23	6	6	NUM
cblr-1717	658	24	,	,	PUNCT
cblr-1717	658	25	2010	2010	NUM
cblr-1717	658	26	,	,	PUNCT
cblr-1717	658	27	12:01	12:01	NUM
cblr-1717	658	28	am	am	NOUN
cblr-1717	658	29	)	)	PUNCT
cblr-1717	658	30	,	,	PUNCT
cblr-1717	658	31	http://www.wsj.com/articles/sb100014240527487039000045753251726814	http://www.wsj.com/articles/sb100014240527487039000045753251726814	PROPN
cblr-1717	658	32	19254	19254	NUM
cblr-1717	658	33	.	.	PUNCT
cblr-1717	659	1	ades	ade	NOUN
cblr-1717	659	2	-	-	PUNCT
cblr-1717	659	3	laurent	laurent	NOUN
cblr-1717	659	4	–	–	PUNCT
cblr-1717	659	5	final	final	ADJ
cblr-1717	659	6	390	390	NUM
cblr-1717	659	7	columbia	columbia	PROPN
cblr-1717	659	8	business	business	NOUN
cblr-1717	659	9	law	law	PROPN
cblr-1717	659	10	review	review	NOUN
cblr-1717	660	1	[	[	X
cblr-1717	660	2	vol	vol	NOUN
cblr-1717	660	3	.	.	NOUN
cblr-1717	660	4	2017	2017	NUM
cblr-1717	660	5	unlike	unlike	ADP
cblr-1717	660	6	other	other	ADJ
cblr-1717	660	7	institutional	institutional	ADJ
cblr-1717	660	8	investors	investor	NOUN
cblr-1717	660	9	who	who	PRON
cblr-1717	660	10	typically	typically	ADV
cblr-1717	660	11	sell	sell	VERB
cblr-1717	660	12	their	their	PRON
cblr-1717	660	13	shares	share	NOUN
cblr-1717	660	14	when	when	SCONJ
cblr-1717	660	15	the	the	DET
cblr-1717	660	16	portfolio	portfolio	NOUN
cblr-1717	660	17	company	company	NOUN
cblr-1717	660	18	underperforms	underperform	VERB
cblr-1717	660	19	,	,	PUNCT
cblr-1717	660	20	hedge	hedge	NOUN
cblr-1717	660	21	funds	fund	NOUN
cblr-1717	660	22	do	do	AUX
cblr-1717	660	23	not	not	PART
cblr-1717	660	24	sell	sell	VERB
cblr-1717	660	25	services	service	NOUN
cblr-1717	660	26	to	to	ADP
cblr-1717	660	27	the	the	DET
cblr-1717	660	28	class	class	NOUN
cblr-1717	660	29	of	of	ADP
cblr-1717	660	30	companies	company	NOUN
cblr-1717	660	31	they	they	PRON
cblr-1717	660	32	target	target	VERB
cblr-1717	660	33	.	.	PUNCT
cblr-1717	661	1	consequently	consequently	ADV
cblr-1717	661	2	,	,	PUNCT
cblr-1717	661	3	they	they	PRON
cblr-1717	661	4	are	be	AUX
cblr-1717	661	5	independent	independent	ADJ
cblr-1717	661	6	actors	actor	NOUN
cblr-1717	661	7	in	in	ADP
cblr-1717	661	8	governance	governance	NOUN
cblr-1717	661	9	activism	activism	NOUN
cblr-1717	661	10	and	and	CCONJ
cblr-1717	661	11	are	be	AUX
cblr-1717	661	12	able	able	ADJ
cblr-1717	661	13	to	to	PART
cblr-1717	661	14	influence	influence	VERB
cblr-1717	661	15	compensation	compensation	NOUN
cblr-1717	661	16	and	and	CCONJ
cblr-1717	661	17	turnover	turnover	NOUN
cblr-1717	661	18	decisions	decision	NOUN
cblr-1717	661	19	.	.	PUNCT
cblr-1717	662	1	keusch	keusch	PROPN
cblr-1717	662	2	’s	’s	PART
cblr-1717	662	3	evidence	evidence	NOUN
cblr-1717	662	4	suggests	suggest	VERB
cblr-1717	662	5	that	that	SCONJ
cblr-1717	662	6	“	"	PUNCT
cblr-1717	662	7	hedge	hedge	NOUN
cblr-1717	662	8	fund	fund	NOUN
cblr-1717	662	9	activists	activist	NOUN
cblr-1717	662	10	monitor	monitor	VERB
cblr-1717	662	11	whether	whether	SCONJ
cblr-1717	662	12	ceos	ceo	NOUN
cblr-1717	662	13	’	'	PUNCT
cblr-1717	662	14	actions	action	NOUN
cblr-1717	662	15	are	be	AUX
cblr-1717	662	16	in	in	ADP
cblr-1717	662	17	line	line	NOUN
cblr-1717	662	18	with	with	ADP
cblr-1717	662	19	shareholders	shareholder	NOUN
cblr-1717	662	20	’	'	PUNCT
cblr-1717	662	21	interests	interest	NOUN
cblr-1717	662	22	and	and	CCONJ
cblr-1717	662	23	are	be	AUX
cblr-1717	662	24	in	in	ADP
cblr-1717	662	25	part	part	NOUN
cblr-1717	662	26	responsible	responsible	ADJ
cblr-1717	662	27	for	for	ADP
cblr-1717	662	28	rebalancing	rebalancing	NOUN
cblr-1717	662	29	incentives	incentive	NOUN
cblr-1717	662	30	in	in	ADP
cblr-1717	662	31	portfolio	portfolio	NOUN
cblr-1717	662	32	companies	company	NOUN
cblr-1717	662	33	.	.	PUNCT
cblr-1717	663	1	”149	”149	PUNCT
cblr-1717	663	2	presenting	present	VERB
cblr-1717	663	3	a	a	DET
cblr-1717	663	4	counterweight	counterweight	NOUN
cblr-1717	663	5	to	to	ADP
cblr-1717	663	6	the	the	DET
cblr-1717	663	7	manager	manager	NOUN
cblr-1717	663	8	’s	’s	PART
cblr-1717	663	9	natural	natural	ADJ
cblr-1717	663	10	and	and	CCONJ
cblr-1717	663	11	policy	policy	NOUN
cblr-1717	663	12	-	-	PUNCT
cblr-1717	663	13	driven	drive	VERB
cblr-1717	663	14	risk	risk	NOUN
cblr-1717	663	15	aversion	aversion	NOUN
cblr-1717	663	16	,	,	PUNCT
cblr-1717	663	17	activists	activist	NOUN
cblr-1717	663	18	are	be	AUX
cblr-1717	663	19	able	able	ADJ
cblr-1717	663	20	to	to	PART
cblr-1717	663	21	fill	fill	VERB
cblr-1717	663	22	the	the	DET
cblr-1717	663	23	governance	governance	NOUN
cblr-1717	663	24	void	void	ADJ
cblr-1717	663	25	that	that	PRON
cblr-1717	663	26	afflicts	afflict	VERB
cblr-1717	663	27	today	today	NOUN
cblr-1717	663	28	’s	’s	PART
cblr-1717	663	29	public	public	ADJ
cblr-1717	663	30	companies	company	NOUN
cblr-1717	663	31	.	.	PUNCT
cblr-1717	664	1	thus	thus	ADV
cblr-1717	664	2	,	,	PUNCT
cblr-1717	664	3	the	the	DET
cblr-1717	664	4	evidence	evidence	NOUN
cblr-1717	664	5	in	in	ADP
cblr-1717	664	6	this	this	DET
cblr-1717	664	7	note	note	NOUN
cblr-1717	664	8	may	may	AUX
cblr-1717	664	9	justify	justify	VERB
cblr-1717	664	10	a	a	DET
cblr-1717	664	11	movement	movement	NOUN
cblr-1717	664	12	towards	towards	ADP
cblr-1717	664	13	further	further	ADJ
cblr-1717	664	14	shareholder	shareholder	NOUN
cblr-1717	664	15	reforms	reform	NOUN
cblr-1717	664	16	that	that	PRON
cblr-1717	664	17	seek	seek	VERB
cblr-1717	664	18	to	to	PART
cblr-1717	664	19	give	give	VERB
cblr-1717	664	20	shareholders	shareholder	NOUN
cblr-1717	664	21	a	a	DET
cblr-1717	664	22	larger	large	ADJ
cblr-1717	664	23	voice	voice	NOUN
cblr-1717	664	24	.	.	PUNCT
cblr-1717	665	1	in	in	ADP
cblr-1717	665	2	2009	2009	NUM
cblr-1717	665	3	,	,	PUNCT
cblr-1717	665	4	sec	sec	PROPN
cblr-1717	665	5	chairman	chairman	NOUN
cblr-1717	665	6	mary	mary	PROPN
cblr-1717	665	7	schapiro	schapiro	PROPN
cblr-1717	665	8	remarked	remark	VERB
cblr-1717	665	9	that	that	SCONJ
cblr-1717	665	10	one	one	NUM
cblr-1717	665	11	way	way	NOUN
cblr-1717	665	12	that	that	PRON
cblr-1717	665	13	wall	wall	PROPN
cblr-1717	665	14	street	street	PROPN
cblr-1717	665	15	must	must	AUX
cblr-1717	665	16	repair	repair	VERB
cblr-1717	665	17	itself	itself	PRON
cblr-1717	665	18	after	after	SCONJ
cblr-1717	665	19	the	the	DET
cblr-1717	665	20	financial	financial	ADJ
cblr-1717	665	21	crisis	crisis	NOUN
cblr-1717	665	22	is	be	AUX
cblr-1717	665	23	by	by	ADP
cblr-1717	665	24	“	"	PUNCT
cblr-1717	665	25	giving	give	VERB
cblr-1717	665	26	shareholders	shareholder	NOUN
cblr-1717	665	27	a	a	DET
cblr-1717	665	28	greater	great	ADJ
cblr-1717	665	29	say	say	NOUN
cblr-1717	665	30	on	on	ADP
cblr-1717	665	31	who	who	PRON
cblr-1717	665	32	serves	serve	VERB
cblr-1717	665	33	on	on	ADP
cblr-1717	665	34	corporate	corporate	ADJ
cblr-1717	665	35	boards	board	NOUN
cblr-1717	665	36	,	,	PUNCT
cblr-1717	665	37	and	and	CCONJ
cblr-1717	665	38	how	how	SCONJ
cblr-1717	665	39	company	company	NOUN
cblr-1717	665	40	executives	executive	NOUN
cblr-1717	665	41	are	be	AUX
cblr-1717	665	42	paid	pay	VERB
cblr-1717	665	43	.	.	PUNCT
cblr-1717	665	44	”150	”150	PROPN
cblr-1717	665	45	while	while	SCONJ
cblr-1717	665	46	steps	step	NOUN
cblr-1717	665	47	have	have	AUX
cblr-1717	665	48	since	since	ADV
cblr-1717	665	49	been	be	AUX
cblr-1717	665	50	taken	take	VERB
cblr-1717	665	51	to	to	PART
cblr-1717	665	52	grant	grant	VERB
cblr-1717	665	53	shareholders	shareholder	NOUN
cblr-1717	665	54	greater	great	ADJ
cblr-1717	665	55	power,151	power,151	NOUN
cblr-1717	665	56	the	the	DET
cblr-1717	665	57	current	current	ADJ
cblr-1717	665	58	model	model	NOUN
cblr-1717	665	59	still	still	ADV
cblr-1717	665	60	fails	fail	VERB
cblr-1717	665	61	to	to	PART
cblr-1717	665	62	offer	offer	VERB
cblr-1717	665	63	a	a	DET
cblr-1717	665	64	“	"	PUNCT
cblr-1717	665	65	platform	platform	NOUN
cblr-1717	665	66	conducive	conducive	ADJ
cblr-1717	665	67	to	to	ADP
cblr-1717	665	68	aggressive	aggressive	ADJ
cblr-1717	665	69	entrepreneurship,”152	entrepreneurship,”152	PROPN
cblr-1717	665	70	and	and	CCONJ
cblr-1717	665	71	instead	instead	ADV
cblr-1717	665	72	rewards	reward	VERB
cblr-1717	665	73	risk	risk	NOUN
cblr-1717	665	74	aversion	aversion	NOUN
cblr-1717	665	75	and	and	CCONJ
cblr-1717	665	76	institutional	institutional	ADJ
cblr-1717	665	77	stability	stability	NOUN
cblr-1717	665	78	.	.	PUNCT
cblr-1717	666	1	149	149	NUM
cblr-1717	666	2	keusch	keusch	PROPN
cblr-1717	666	3	,	,	PUNCT
cblr-1717	666	4	supra	supra	PROPN
cblr-1717	666	5	note	note	VERB
cblr-1717	666	6	146	146	NUM
cblr-1717	666	7	,	,	PUNCT
cblr-1717	666	8	at	at	ADP
cblr-1717	666	9	7	7	NUM
cblr-1717	666	10	.	.	NOUN
cblr-1717	666	11	150	150	NUM
cblr-1717	666	12	zachary	zachary	PROPN
cblr-1717	666	13	a.	a.	NOUN
cblr-1717	666	14	goldfarb	goldfarb	PROPN
cblr-1717	666	15	,	,	PUNCT
cblr-1717	666	16	sec	sec	PROPN
cblr-1717	666	17	to	to	PART
cblr-1717	666	18	examine	examine	VERB
cblr-1717	666	19	boards	board	NOUN
cblr-1717	666	20	’	'	PUNCT
cblr-1717	666	21	role	role	NOUN
cblr-1717	666	22	in	in	ADP
cblr-1717	666	23	financial	financial	ADJ
cblr-1717	666	24	crisis	crisis	NOUN
cblr-1717	666	25	,	,	PUNCT
cblr-1717	666	26	wash	wash	NOUN
cblr-1717	666	27	.	.	PUNCT
cblr-1717	667	1	post	post	NOUN
cblr-1717	667	2	(	(	PUNCT
cblr-1717	667	3	feb	feb	PROPN
cblr-1717	667	4	.	.	PROPN
cblr-1717	667	5	20	20	NUM
cblr-1717	667	6	,	,	PUNCT
cblr-1717	667	7	2009	2009	NUM
cblr-1717	667	8	)	)	PUNCT
cblr-1717	667	9	,	,	PUNCT
cblr-1717	667	10	http://www.washingtonpost.com/wpdyn/content/article/2009/02/19/ar2009021903172.html?sid=st2009021903	http://www.washingtonpost.com/wpdyn/content/article/2009/02/19/ar2009021903172.html?sid=st2009021903	PROPN
cblr-1717	667	11	215	215	NUM
cblr-1717	668	1	[	[	X
cblr-1717	668	2	https://perma.cc/c8tc-5p2y	https://perma.cc/c8tc-5p2y	X
cblr-1717	668	3	]	]	X
cblr-1717	668	4	.	.	PUNCT
cblr-1717	669	1	151	151	NUM
cblr-1717	669	2	see	see	VERB
cblr-1717	669	3	,	,	PUNCT
cblr-1717	669	4	e.g.	e.g.	ADV
cblr-1717	669	5	,	,	PUNCT
cblr-1717	669	6	dodd	dodd	PROPN
cblr-1717	669	7	-	-	PUNCT
cblr-1717	669	8	frank	frank	ADJ
cblr-1717	669	9	,	,	PUNCT
cblr-1717	669	10	supra	supra	PROPN
cblr-1717	669	11	note	note	PROPN
cblr-1717	669	12	65	65	NUM
cblr-1717	669	13	,	,	PUNCT
cblr-1717	669	14	at	at	ADP
cblr-1717	669	15	§	§	PROPN
cblr-1717	669	16	§	§	PROPN
cblr-1717	669	17	951	951	NUM
cblr-1717	669	18	(	(	PUNCT
cblr-1717	669	19	shareholder	shareholder	NOUN
cblr-1717	669	20	vote	vote	NOUN
cblr-1717	669	21	on	on	ADP
cblr-1717	669	22	executive	executive	ADJ
cblr-1717	669	23	compensation	compensation	NOUN
cblr-1717	669	24	disclosures	disclosure	NOUN
cblr-1717	669	25	)	)	PUNCT
cblr-1717	669	26	,	,	PUNCT
cblr-1717	669	27	952	952	NUM
cblr-1717	669	28	(	(	PUNCT
cblr-1717	669	29	independence	independence	NOUN
cblr-1717	669	30	of	of	ADP
cblr-1717	669	31	compensation	compensation	NOUN
cblr-1717	669	32	committees	committee	NOUN
cblr-1717	669	33	)	)	PUNCT
cblr-1717	669	34	953	953	NUM
cblr-1717	669	35	and	and	CCONJ
cblr-1717	669	36	955	955	NUM
cblr-1717	669	37	(	(	PUNCT
cblr-1717	669	38	pay	pay	VERB
cblr-1717	669	39	for	for	ADP
cblr-1717	669	40	performance	performance	NOUN
cblr-1717	669	41	and	and	CCONJ
cblr-1717	669	42	pay	pay	VERB
cblr-1717	669	43	parity	parity	NOUN
cblr-1717	669	44	disclosures	disclosure	NOUN
cblr-1717	669	45	)	)	PUNCT
cblr-1717	669	46	,	,	PUNCT
cblr-1717	669	47	954	954	NUM
cblr-1717	669	48	(	(	PUNCT
cblr-1717	669	49	clawbacks	clawback	NOUN
cblr-1717	669	50	)	)	PUNCT
cblr-1717	669	51	,	,	PUNCT
cblr-1717	669	52	971	971	NUM
cblr-1717	669	53	(	(	PUNCT
cblr-1717	669	54	proxy	proxy	NOUN
cblr-1717	669	55	access	access	NOUN
cblr-1717	669	56	)	)	PUNCT
cblr-1717	669	57	,	,	PUNCT
cblr-1717	669	58	and	and	CCONJ
cblr-1717	669	59	972	972	NUM
cblr-1717	669	60	(	(	PUNCT
cblr-1717	669	61	mandating	mandate	VERB
cblr-1717	669	62	statement	statement	NOUN
cblr-1717	669	63	of	of	ADP
cblr-1717	669	64	reasons	reason	NOUN
cblr-1717	669	65	not	not	PART
cblr-1717	669	66	to	to	PART
cblr-1717	669	67	split	split	VERB
cblr-1717	669	68	the	the	DET
cblr-1717	669	69	chairman	chairman	NOUN
cblr-1717	669	70	-	-	PUNCT
cblr-1717	669	71	ceo	ceo	NOUN
cblr-1717	669	72	position	position	NOUN
cblr-1717	669	73	)	)	PUNCT
cblr-1717	669	74	,	,	PUNCT
cblr-1717	669	75	among	among	ADP
cblr-1717	669	76	others	other	NOUN
cblr-1717	669	77	.	.	PUNCT
cblr-1717	670	1	152	152	NUM
cblr-1717	670	2	william	william	PROPN
cblr-1717	670	3	w.	w.	PROPN
cblr-1717	670	4	bratton	bratton	PROPN
cblr-1717	670	5	&	&	CCONJ
cblr-1717	670	6	michael	michael	PROPN
cblr-1717	670	7	l.	l.	PROPN
cblr-1717	670	8	wachter	wachter	PROPN
cblr-1717	670	9	,	,	PUNCT
cblr-1717	670	10	the	the	DET
cblr-1717	670	11	case	case	NOUN
cblr-1717	670	12	against	against	ADP
cblr-1717	670	13	shareholder	shareholder	NOUN
cblr-1717	670	14	empowerment	empowerment	NOUN
cblr-1717	670	15	,	,	PUNCT
cblr-1717	670	16	158	158	NUM
cblr-1717	670	17	u.	u.	PROPN
cblr-1717	670	18	pa	pa	PROPN
cblr-1717	670	19	.	.	PUNCT
cblr-1717	670	20	l.	l.	PROPN
cblr-1717	670	21	rev	rev	PROPN
cblr-1717	670	22	.	.	PROPN
cblr-1717	670	23	653	653	NUM
cblr-1717	670	24	,	,	PUNCT
cblr-1717	670	25	655	655	NUM
cblr-1717	670	26	(	(	PUNCT
cblr-1717	670	27	2010	2010	NUM
cblr-1717	670	28	)	)	PUNCT
cblr-1717	670	29	.	.	PUNCT
cblr-1717	671	1	ades	ades	PROPN
cblr-1717	671	2	-	-	PUNCT
cblr-1717	671	3	laurent	laurent	NOUN
cblr-1717	671	4	–	–	PUNCT
cblr-1717	671	5	final	final	ADJ
cblr-1717	671	6	no	no	NOUN
cblr-1717	671	7	.	.	PUNCT
cblr-1717	672	1	1:347	1:347	NUM
cblr-1717	672	2	]	]	PUNCT
cblr-1717	672	3	disappearing	disappear	VERB
cblr-1717	672	4	stock	stock	NOUN
cblr-1717	672	5	options	option	NOUN
cblr-1717	672	6	391	391	NUM
cblr-1717	672	7	b.	b.	NOUN
cblr-1717	672	8	tax	tax	NOUN
cblr-1717	672	9	concerns	concern	NOUN
cblr-1717	672	10	after	after	ADP
cblr-1717	672	11	concluding	conclude	VERB
cblr-1717	672	12	that	that	SCONJ
cblr-1717	672	13	certain	certain	ADJ
cblr-1717	672	14	executive	executive	ADJ
cblr-1717	672	15	compensation	compensation	NOUN
cblr-1717	672	16	practices	practice	NOUN
cblr-1717	672	17	are	be	AUX
cblr-1717	672	18	undesirable	undesirable	ADJ
cblr-1717	672	19	,	,	PUNCT
cblr-1717	672	20	congress	congress	PROPN
cblr-1717	672	21	sought	seek	VERB
cblr-1717	672	22	to	to	PART
cblr-1717	672	23	use	use	VERB
cblr-1717	672	24	the	the	DET
cblr-1717	672	25	tax	tax	NOUN
cblr-1717	672	26	code	code	NOUN
cblr-1717	672	27	to	to	PART
cblr-1717	672	28	discourage	discourage	VERB
cblr-1717	672	29	companies	company	NOUN
cblr-1717	672	30	and	and	CCONJ
cblr-1717	672	31	their	their	PRON
cblr-1717	672	32	executives	executive	NOUN
cblr-1717	672	33	from	from	ADP
cblr-1717	672	34	engaging	engage	VERB
cblr-1717	672	35	in	in	ADP
cblr-1717	672	36	such	such	ADJ
cblr-1717	672	37	practices.153	practices.153	VERB
cblr-1717	672	38	the	the	DET
cblr-1717	672	39	two	two	NUM
cblr-1717	672	40	examples	example	NOUN
cblr-1717	672	41	discussed	discuss	VERB
cblr-1717	672	42	in	in	ADP
cblr-1717	672	43	this	this	DET
cblr-1717	672	44	note	note	NOUN
cblr-1717	672	45	include	include	VERB
cblr-1717	672	46	the	the	DET
cblr-1717	672	47	$	$	SYM
cblr-1717	672	48	1	1	NUM
cblr-1717	672	49	million	million	NUM
cblr-1717	672	50	deduction	deduction	NOUN
cblr-1717	672	51	limitation	limitation	NOUN
cblr-1717	672	52	,	,	PUNCT
cblr-1717	672	53	unless	unless	SCONJ
cblr-1717	672	54	pay	pay	NOUN
cblr-1717	672	55	is	be	AUX
cblr-1717	672	56	tied	tie	VERB
cblr-1717	672	57	to	to	ADP
cblr-1717	672	58	performance,154	performance,154	NOUN
cblr-1717	672	59	and	and	CCONJ
cblr-1717	672	60	the	the	DET
cblr-1717	672	61	nonqualified	nonqualifie	VERB
cblr-1717	672	62	deferred	defer	VERB
cblr-1717	672	63	compensation	compensation	NOUN
cblr-1717	672	64	regulation.155	regulation.155	NOUN
cblr-1717	672	65	this	this	DET
cblr-1717	672	66	part	part	NOUN
cblr-1717	672	67	will	will	AUX
cblr-1717	672	68	discuss	discuss	VERB
cblr-1717	672	69	the	the	DET
cblr-1717	672	70	unintended	unintended	ADJ
cblr-1717	672	71	effects	effect	NOUN
cblr-1717	672	72	of	of	ADP
cblr-1717	672	73	the	the	DET
cblr-1717	672	74	option	option	NOUN
cblr-1717	672	75	-	-	PUNCT
cblr-1717	672	76	based	base	VERB
cblr-1717	672	77	tax	tax	NOUN
cblr-1717	672	78	code	code	NOUN
cblr-1717	672	79	provisions	provision	NOUN
cblr-1717	672	80	on	on	ADP
cblr-1717	672	81	both	both	DET
cblr-1717	672	82	public	public	ADJ
cblr-1717	672	83	companies	company	NOUN
cblr-1717	672	84	and	and	CCONJ
cblr-1717	672	85	shareholders	shareholder	NOUN
cblr-1717	672	86	now	now	ADV
cblr-1717	672	87	that	that	SCONJ
cblr-1717	672	88	stock	stock	NOUN
cblr-1717	672	89	grants	grant	NOUN
cblr-1717	672	90	comprise	comprise	VERB
cblr-1717	672	91	the	the	DET
cblr-1717	672	92	majority	majority	NOUN
cblr-1717	672	93	of	of	ADP
cblr-1717	672	94	equity	equity	NOUN
cblr-1717	672	95	compensation	compensation	NOUN
cblr-1717	672	96	.	.	PUNCT
cblr-1717	673	1	1	1	X
cblr-1717	673	2	.	.	X
cblr-1717	673	3	deferrals	deferral	NOUN
cblr-1717	673	4	compared	compare	VERB
cblr-1717	673	5	with	with	ADP
cblr-1717	673	6	stock	stock	NOUN
cblr-1717	673	7	compensation	compensation	NOUN
cblr-1717	673	8	,	,	PUNCT
cblr-1717	673	9	option	option	NOUN
cblr-1717	673	10	compensation	compensation	NOUN
cblr-1717	673	11	allows	allow	VERB
cblr-1717	673	12	executives	executive	NOUN
cblr-1717	673	13	to	to	PART
cblr-1717	673	14	defer	defer	VERB
cblr-1717	673	15	taxation	taxation	NOUN
cblr-1717	673	16	beyond	beyond	ADP
cblr-1717	673	17	vesting.156	vesting.156	NOUN
cblr-1717	673	18	it	it	PRON
cblr-1717	673	19	also	also	ADV
cblr-1717	673	20	allows	allow	VERB
cblr-1717	673	21	them	they	PRON
cblr-1717	673	22	to	to	PART
cblr-1717	673	23	control	control	VERB
cblr-1717	673	24	the	the	DET
cblr-1717	673	25	timing	timing	NOUN
cblr-1717	673	26	of	of	ADP
cblr-1717	673	27	the	the	DET
cblr-1717	673	28	realization	realization	NOUN
cblr-1717	673	29	within	within	ADP
cblr-1717	673	30	the	the	DET
cblr-1717	673	31	boundaries	boundary	NOUN
cblr-1717	673	32	of	of	ADP
cblr-1717	673	33	vesting	vest	VERB
cblr-1717	673	34	and	and	CCONJ
cblr-1717	673	35	expiration.157	expiration.157	NOUN
cblr-1717	673	36	this	this	PRON
cblr-1717	673	37	is	be	AUX
cblr-1717	673	38	because	because	SCONJ
cblr-1717	673	39	options	option	NOUN
cblr-1717	673	40	are	be	AUX
cblr-1717	673	41	taxed	tax	VERB
cblr-1717	673	42	at	at	ADP
cblr-1717	673	43	exercise	exercise	NOUN
cblr-1717	673	44	rather	rather	ADV
cblr-1717	673	45	than	than	ADP
cblr-1717	673	46	grant	grant	VERB
cblr-1717	673	47	date.158	date.158	NOUN
cblr-1717	673	48	by	by	ADP
cblr-1717	673	49	deferring	defer	VERB
cblr-1717	673	50	taxes	taxis	NOUN
cblr-1717	673	51	,	,	PUNCT
cblr-1717	673	52	both	both	CCONJ
cblr-1717	673	53	the	the	DET
cblr-1717	673	54	company	company	NOUN
cblr-1717	673	55	and	and	CCONJ
cblr-1717	673	56	the	the	DET
cblr-1717	673	57	executive	executive	NOUN
cblr-1717	673	58	pay	pay	VERB
cblr-1717	673	59	tax	tax	NOUN
cblr-1717	673	60	at	at	ADP
cblr-1717	673	61	a	a	DET
cblr-1717	673	62	later	later	ADJ
cblr-1717	673	63	date	date	NOUN
cblr-1717	673	64	.	.	PUNCT
cblr-1717	674	1	doing	do	VERB
cblr-1717	674	2	so	so	ADV
cblr-1717	674	3	allows	allow	VERB
cblr-1717	674	4	the	the	DET
cblr-1717	674	5	amount	amount	NOUN
cblr-1717	674	6	deferred	defer	VERB
cblr-1717	674	7	to	to	PART
cblr-1717	674	8	grow	grow	VERB
cblr-1717	674	9	unhindered	unhindered	ADJ
cblr-1717	674	10	until	until	ADP
cblr-1717	674	11	the	the	DET
cblr-1717	674	12	taxable	taxable	ADJ
cblr-1717	674	13	event	event	NOUN
cblr-1717	674	14	at	at	ADP
cblr-1717	674	15	exercise	exercise	NOUN
cblr-1717	674	16	.	.	PUNCT
cblr-1717	675	1	153	153	NUM
cblr-1717	675	2	see	see	NOUN
cblr-1717	675	3	i.r.c	i.r.c	NOUN
cblr-1717	675	4	.	.	PUNCT
cblr-1717	676	1	§	§	PROPN
cblr-1717	676	2	162(m	162(m	NUM
cblr-1717	676	3	)	)	PUNCT
cblr-1717	676	4	;	;	PUNCT
cblr-1717	676	5	see	see	VERB
cblr-1717	676	6	also	also	ADV
cblr-1717	676	7	supra	supra	PROPN
cblr-1717	676	8	section	section	NOUN
cblr-1717	676	9	ii.c.1	ii.c.1	NOUN
cblr-1717	676	10	;	;	PUNCT
cblr-1717	676	11	section	section	NOUN
cblr-1717	676	12	ii.c.2	ii.c.2	NOUN
cblr-1717	676	13	;	;	PUNCT
cblr-1717	676	14	i.r.c	i.r.c	NOUN
cblr-1717	676	15	.	.	PUNCT
cblr-1717	677	1	§	§	PROPN
cblr-1717	677	2	409a	409a	PROPN
cblr-1717	677	3	.	.	PUNCT
cblr-1717	678	1	154	154	NUM
cblr-1717	678	2	i.r.c	i.r.c	NOUN
cblr-1717	678	3	.	.	PUNCT
cblr-1717	679	1	§	§	PROPN
cblr-1717	679	2	162(m	162(m	NUM
cblr-1717	679	3	)	)	PUNCT
cblr-1717	679	4	;	;	PUNCT
cblr-1717	679	5	see	see	VERB
cblr-1717	679	6	also	also	ADV
cblr-1717	679	7	supra	supra	PROPN
cblr-1717	679	8	section	section	PROPN
cblr-1717	679	9	ii.c.2	ii.c.2	PROPN
cblr-1717	679	10	.	.	PUNCT
cblr-1717	680	1	155	155	NUM
cblr-1717	680	2	i.r.c	i.r.c	NOUN
cblr-1717	680	3	.	.	PUNCT
cblr-1717	681	1	§	§	PROPN
cblr-1717	681	2	409a	409a	PROPN
cblr-1717	681	3	;	;	PUNCT
cblr-1717	681	4	see	see	VERB
cblr-1717	681	5	also	also	ADV
cblr-1717	681	6	supra	supra	PROPN
cblr-1717	681	7	section	section	NOUN
cblr-1717	681	8	ii.c.1	ii.c.1	NOUN
cblr-1717	681	9	.	.	PUNCT
cblr-1717	682	1	156	156	NUM
cblr-1717	682	2	the	the	DET
cblr-1717	682	3	reason	reason	NOUN
cblr-1717	682	4	that	that	PRON
cblr-1717	682	5	option	option	NOUN
cblr-1717	682	6	recipients	recipient	NOUN
cblr-1717	682	7	may	may	AUX
cblr-1717	682	8	defer	defer	VERB
cblr-1717	682	9	taxes	taxis	NOUN
cblr-1717	682	10	is	be	AUX
cblr-1717	682	11	because	because	SCONJ
cblr-1717	682	12	,	,	PUNCT
cblr-1717	682	13	unlike	unlike	ADP
cblr-1717	682	14	publicly	publicly	ADV
cblr-1717	682	15	traded	trade	VERB
cblr-1717	682	16	stock	stock	NOUN
cblr-1717	682	17	,	,	PUNCT
cblr-1717	682	18	options	option	NOUN
cblr-1717	682	19	are	be	AUX
cblr-1717	682	20	difficult	difficult	ADJ
cblr-1717	682	21	to	to	PART
cblr-1717	682	22	value	value	VERB
cblr-1717	682	23	accurately	accurately	ADV
cblr-1717	682	24	before	before	ADP
cblr-1717	682	25	exercise	exercise	NOUN
cblr-1717	682	26	.	.	PUNCT
cblr-1717	683	1	157	157	NUM
cblr-1717	683	2	i.r.c	i.r.c	NOUN
cblr-1717	683	3	.	.	PUNCT
cblr-1717	684	1	§	§	PROPN
cblr-1717	684	2	83(a	83(a	NUM
cblr-1717	684	3	)	)	PUNCT
cblr-1717	684	4	.	.	PUNCT
cblr-1717	685	1	as	as	ADP
cblr-1717	685	2	an	an	DET
cblr-1717	685	3	example	example	NOUN
cblr-1717	685	4	,	,	PUNCT
cblr-1717	685	5	consider	consider	VERB
cblr-1717	685	6	an	an	DET
cblr-1717	685	7	executive	executive	NOUN
cblr-1717	685	8	who	who	PRON
cblr-1717	685	9	receives	receive	VERB
cblr-1717	685	10	$	$	SYM
cblr-1717	685	11	100,000	100,000	NUM
cblr-1717	685	12	of	of	ADP
cblr-1717	685	13	restricted	restrict	VERB
cblr-1717	685	14	stock	stock	NOUN
cblr-1717	685	15	that	that	SCONJ
cblr-1717	685	16	vests	vest	NOUN
cblr-1717	685	17	in	in	ADP
cblr-1717	685	18	three	three	NUM
cblr-1717	685	19	years	year	NOUN
cblr-1717	685	20	.	.	PUNCT
cblr-1717	686	1	at	at	ADP
cblr-1717	686	2	the	the	DET
cblr-1717	686	3	time	time	NOUN
cblr-1717	686	4	of	of	ADP
cblr-1717	686	5	vesting	vest	VERB
cblr-1717	686	6	,	,	PUNCT
cblr-1717	686	7	that	that	SCONJ
cblr-1717	686	8	$	$	SYM
cblr-1717	686	9	100,000	100,000	NUM
cblr-1717	686	10	of	of	ADP
cblr-1717	686	11	restricted	restrict	VERB
cblr-1717	686	12	stock	stock	NOUN
cblr-1717	686	13	will	will	AUX
cblr-1717	686	14	be	be	AUX
cblr-1717	686	15	treated	treat	VERB
cblr-1717	686	16	on	on	ADP
cblr-1717	686	17	the	the	DET
cblr-1717	686	18	executive	executive	NOUN
cblr-1717	686	19	’s	’s	PART
cblr-1717	686	20	tax	tax	NOUN
cblr-1717	686	21	return	return	NOUN
cblr-1717	686	22	as	as	SCONJ
cblr-1717	686	23	if	if	SCONJ
cblr-1717	686	24	they	they	PRON
cblr-1717	686	25	earned	earn	VERB
cblr-1717	686	26	that	that	DET
cblr-1717	686	27	amount	amount	NOUN
cblr-1717	686	28	in	in	ADP
cblr-1717	686	29	additional	additional	ADJ
cblr-1717	686	30	salary	salary	NOUN
cblr-1717	686	31	—	—	PUNCT
cblr-1717	686	32	and	and	CCONJ
cblr-1717	686	33	,	,	PUNCT
cblr-1717	686	34	if	if	SCONJ
cblr-1717	686	35	the	the	DET
cblr-1717	686	36	share	share	NOUN
cblr-1717	686	37	price	price	NOUN
cblr-1717	686	38	climbs	climb	VERB
cblr-1717	686	39	,	,	PUNCT
cblr-1717	686	40	the	the	DET
cblr-1717	686	41	executive	executive	NOUN
cblr-1717	686	42	will	will	AUX
cblr-1717	686	43	have	have	VERB
cblr-1717	686	44	a	a	DET
cblr-1717	686	45	higher	high	ADJ
cblr-1717	686	46	tax	tax	NOUN
cblr-1717	686	47	bill	bill	NOUN
cblr-1717	686	48	.	.	PUNCT
cblr-1717	687	1	furthermore	furthermore	ADV
cblr-1717	687	2	,	,	PUNCT
cblr-1717	687	3	if	if	SCONJ
cblr-1717	687	4	the	the	DET
cblr-1717	687	5	shares	share	NOUN
cblr-1717	687	6	pay	pay	VERB
cblr-1717	687	7	dividends	dividend	NOUN
cblr-1717	687	8	,	,	PUNCT
cblr-1717	687	9	the	the	DET
cblr-1717	687	10	payments	payment	NOUN
cblr-1717	687	11	will	will	AUX
cblr-1717	687	12	be	be	AUX
cblr-1717	687	13	taxed	tax	VERB
cblr-1717	687	14	as	as	ADP
cblr-1717	687	15	ordinary	ordinary	ADJ
cblr-1717	687	16	income	income	NOUN
cblr-1717	687	17	until	until	SCONJ
cblr-1717	687	18	the	the	DET
cblr-1717	687	19	shares	share	NOUN
cblr-1717	687	20	vest	vest	VERB
cblr-1717	687	21	.	.	PUNCT
cblr-1717	688	1	after	after	ADP
cblr-1717	688	2	that	that	PRON
cblr-1717	688	3	,	,	PUNCT
cblr-1717	688	4	they	they	PRON
cblr-1717	688	5	will	will	AUX
cblr-1717	688	6	generally	generally	ADV
cblr-1717	688	7	qualify	qualify	VERB
cblr-1717	688	8	for	for	ADP
cblr-1717	688	9	the	the	DET
cblr-1717	688	10	15	15	NUM
cblr-1717	688	11	%	%	NOUN
cblr-1717	688	12	dividend	dividend	NOUN
cblr-1717	688	13	tax	tax	NOUN
cblr-1717	688	14	rate	rate	NOUN
cblr-1717	688	15	.	.	PUNCT
cblr-1717	689	1	if	if	SCONJ
cblr-1717	689	2	the	the	DET
cblr-1717	689	3	executive	executive	NOUN
cblr-1717	689	4	chooses	choose	VERB
cblr-1717	689	5	to	to	PART
cblr-1717	689	6	hold	hold	VERB
cblr-1717	689	7	his	his	PRON
cblr-1717	689	8	or	or	CCONJ
cblr-1717	689	9	her	her	PRON
cblr-1717	689	10	shares	share	NOUN
cblr-1717	689	11	after	after	ADP
cblr-1717	689	12	the	the	DET
cblr-1717	689	13	vesting	vesting	NOUN
cblr-1717	689	14	date	date	NOUN
cblr-1717	689	15	,	,	PUNCT
cblr-1717	689	16	any	any	DET
cblr-1717	689	17	increase	increase	NOUN
cblr-1717	689	18	in	in	ADP
cblr-1717	689	19	share	share	NOUN
cblr-1717	689	20	price	price	NOUN
cblr-1717	689	21	will	will	AUX
cblr-1717	689	22	be	be	AUX
cblr-1717	689	23	taxed	tax	VERB
cblr-1717	689	24	as	as	ADP
cblr-1717	689	25	capital	capital	NOUN
cblr-1717	689	26	gains	gain	NOUN
cblr-1717	689	27	when	when	SCONJ
cblr-1717	689	28	they	they	PRON
cblr-1717	689	29	chooses	choose	VERB
cblr-1717	689	30	to	to	PART
cblr-1717	689	31	sell	sell	VERB
cblr-1717	689	32	.	.	PUNCT
cblr-1717	690	1	158	158	NUM
cblr-1717	691	1	i	i	PRON
cblr-1717	691	2	d.	d.	PROPN
cblr-1717	691	3	ades	ades	PROPN
cblr-1717	691	4	-	-	PUNCT
cblr-1717	691	5	laurent	laurent	NOUN
cblr-1717	691	6	–	–	PUNCT
cblr-1717	691	7	final	final	ADJ
cblr-1717	691	8	392	392	NUM
cblr-1717	691	9	columbia	columbia	PROPN
cblr-1717	691	10	business	business	NOUN
cblr-1717	691	11	law	law	PROPN
cblr-1717	691	12	review	review	NOUN
cblr-1717	692	1	[	[	X
cblr-1717	692	2	vol	vol	NOUN
cblr-1717	692	3	.	.	NOUN
cblr-1717	692	4	2017	2017	NUM
cblr-1717	692	5	from	from	ADP
cblr-1717	692	6	the	the	DET
cblr-1717	692	7	executive	executive	NOUN
cblr-1717	692	8	’s	’s	PART
cblr-1717	692	9	perspective	perspective	NOUN
cblr-1717	692	10	,	,	PUNCT
cblr-1717	692	11	the	the	DET
cblr-1717	692	12	advantage	advantage	NOUN
cblr-1717	692	13	of	of	ADP
cblr-1717	692	14	a	a	DET
cblr-1717	692	15	tax	tax	NOUN
cblr-1717	692	16	deferral	deferral	NOUN
cblr-1717	692	17	mimics	mimic	VERB
cblr-1717	692	18	an	an	DET
cblr-1717	692	19	exemption	exemption	NOUN
cblr-1717	692	20	from	from	ADP
cblr-1717	692	21	tax	tax	NOUN
cblr-1717	692	22	on	on	ADP
cblr-1717	692	23	compensation	compensation	NOUN
cblr-1717	692	24	that	that	PRON
cblr-1717	692	25	otherwise	otherwise	ADV
cblr-1717	692	26	would	would	AUX
cblr-1717	692	27	have	have	AUX
cblr-1717	692	28	been	be	AUX
cblr-1717	692	29	received.159	received.159	NOUN
cblr-1717	692	30	that	that	SCONJ
cblr-1717	692	31	the	the	DET
cblr-1717	692	32	transaction	transaction	NOUN
cblr-1717	692	33	remains	remain	VERB
cblr-1717	692	34	open	open	ADJ
cblr-1717	692	35	until	until	SCONJ
cblr-1717	692	36	the	the	DET
cblr-1717	692	37	options	option	NOUN
cblr-1717	692	38	are	be	AUX
cblr-1717	692	39	exercised	exercise	VERB
cblr-1717	692	40	results	result	NOUN
cblr-1717	692	41	in	in	ADP
cblr-1717	692	42	extraordinarily	extraordinarily	ADV
cblr-1717	692	43	large	large	ADJ
cblr-1717	692	44	amounts	amount	NOUN
cblr-1717	692	45	of	of	ADP
cblr-1717	692	46	income	income	NOUN
cblr-1717	692	47	for	for	ADP
cblr-1717	692	48	the	the	DET
cblr-1717	692	49	option	option	NOUN
cblr-1717	692	50	holders	holder	NOUN
cblr-1717	692	51	and	and	CCONJ
cblr-1717	692	52	equally	equally	ADV
cblr-1717	692	53	large	large	ADJ
cblr-1717	692	54	deductions	deduction	NOUN
cblr-1717	692	55	for	for	ADP
cblr-1717	692	56	the	the	DET
cblr-1717	692	57	company	company	NOUN
cblr-1717	692	58	issuing	issue	VERB
cblr-1717	692	59	the	the	DET
cblr-1717	692	60	options	option	NOUN
cblr-1717	692	61	.	.	PUNCT
cblr-1717	693	1	thus	thus	ADV
cblr-1717	693	2	,	,	PUNCT
cblr-1717	693	3	the	the	DET
cblr-1717	693	4	value	value	NOUN
cblr-1717	693	5	of	of	ADP
cblr-1717	693	6	the	the	DET
cblr-1717	693	7	deferral	deferral	NOUN
cblr-1717	693	8	to	to	ADP
cblr-1717	693	9	both	both	CCONJ
cblr-1717	693	10	the	the	DET
cblr-1717	693	11	company	company	NOUN
cblr-1717	693	12	and	and	CCONJ
cblr-1717	693	13	the	the	DET
cblr-1717	693	14	executive	executive	NOUN
cblr-1717	693	15	will	will	AUX
cblr-1717	693	16	be	be	AUX
cblr-1717	693	17	reflected	reflect	VERB
cblr-1717	693	18	in	in	ADP
cblr-1717	693	19	higher	high	ADJ
cblr-1717	693	20	earnings	earning	NOUN
cblr-1717	693	21	to	to	ADP
cblr-1717	693	22	the	the	DET
cblr-1717	693	23	stockholders	stockholder	NOUN
cblr-1717	693	24	.	.	PUNCT
cblr-1717	694	1	the	the	DET
cblr-1717	694	2	current	current	ADJ
cblr-1717	694	3	prevalence	prevalence	NOUN
cblr-1717	694	4	of	of	ADP
cblr-1717	694	5	stock	stock	NOUN
cblr-1717	694	6	compensation	compensation	NOUN
cblr-1717	694	7	causes	cause	VERB
cblr-1717	694	8	companies	company	NOUN
cblr-1717	694	9	to	to	PART
cblr-1717	694	10	forego	forego	VERB
cblr-1717	694	11	the	the	DET
cblr-1717	694	12	deferral	deferral	NOUN
cblr-1717	694	13	,	,	PUNCT
cblr-1717	694	14	which	which	PRON
cblr-1717	694	15	may	may	AUX
cblr-1717	694	16	lower	lower	VERB
cblr-1717	694	17	the	the	DET
cblr-1717	694	18	size	size	NOUN
cblr-1717	694	19	of	of	ADP
cblr-1717	694	20	dividends	dividend	NOUN
cblr-1717	694	21	paid	pay	VERB
cblr-1717	694	22	to	to	ADP
cblr-1717	694	23	shareholders	shareholder	NOUN
cblr-1717	694	24	,	,	PUNCT
cblr-1717	694	25	reduce	reduce	VERB
cblr-1717	694	26	earnings	earning	NOUN
cblr-1717	694	27	per	per	ADP
cblr-1717	694	28	share	share	NOUN
cblr-1717	694	29	,	,	PUNCT
cblr-1717	694	30	and	and	CCONJ
cblr-1717	694	31	lead	lead	VERB
cblr-1717	694	32	to	to	ADP
cblr-1717	694	33	other	other	ADJ
cblr-1717	694	34	levels	level	NOUN
cblr-1717	694	35	of	of	ADP
cblr-1717	694	36	organizational	organizational	ADJ
cblr-1717	694	37	inefficiency	inefficiency	NOUN
cblr-1717	694	38	.	.	PUNCT
cblr-1717	695	1	2	2	X
cblr-1717	695	2	.	.	X
cblr-1717	695	3	deductions	deduction	NOUN
cblr-1717	695	4	while	while	SCONJ
cblr-1717	695	5	a	a	DET
cblr-1717	695	6	tax	tax	NOUN
cblr-1717	695	7	provision	provision	NOUN
cblr-1717	695	8	can	can	AUX
cblr-1717	695	9	neither	neither	CCONJ
cblr-1717	695	10	prevent	prevent	VERB
cblr-1717	695	11	companies	company	NOUN
cblr-1717	695	12	from	from	ADP
cblr-1717	695	13	paying	pay	VERB
cblr-1717	695	14	excessive	excessive	ADJ
cblr-1717	695	15	compensation	compensation	NOUN
cblr-1717	695	16	nor	nor	CCONJ
cblr-1717	695	17	compel	compel	VERB
cblr-1717	695	18	a	a	DET
cblr-1717	695	19	particular	particular	ADJ
cblr-1717	695	20	compensation	compensation	NOUN
cblr-1717	695	21	structure	structure	NOUN
cblr-1717	695	22	,	,	PUNCT
cblr-1717	695	23	it	it	PRON
cblr-1717	695	24	can	can	AUX
cblr-1717	695	25	make	make	VERB
cblr-1717	695	26	it	it	PRON
cblr-1717	695	27	more	more	ADV
cblr-1717	695	28	costly	costly	ADJ
cblr-1717	695	29	for	for	SCONJ
cblr-1717	695	30	a	a	DET
cblr-1717	695	31	company	company	NOUN
cblr-1717	695	32	to	to	PART
cblr-1717	695	33	do	do	VERB
cblr-1717	695	34	what	what	PRON
cblr-1717	695	35	it	it	PRON
cblr-1717	695	36	otherwise	otherwise	ADV
cblr-1717	695	37	would	would	AUX
cblr-1717	695	38	.	.	PUNCT
cblr-1717	696	1	section	section	NOUN
cblr-1717	696	2	162(m	162(m	NUM
cblr-1717	696	3	)	)	PUNCT
cblr-1717	696	4	encourages	encourage	VERB
cblr-1717	696	5	the	the	DET
cblr-1717	696	6	issuance	issuance	NOUN
cblr-1717	696	7	of	of	ADP
cblr-1717	696	8	non	non	ADJ
cblr-1717	696	9	-	-	ADJ
cblr-1717	696	10	discounted	discounted	ADJ
cblr-1717	696	11	options	option	NOUN
cblr-1717	696	12	,	,	PUNCT
cblr-1717	696	13	since	since	SCONJ
cblr-1717	696	14	stock	stock	NOUN
cblr-1717	696	15	grants	grant	NOUN
cblr-1717	696	16	,	,	PUNCT
cblr-1717	696	17	unlike	unlike	ADP
cblr-1717	696	18	option	option	NOUN
cblr-1717	696	19	compensation	compensation	NOUN
cblr-1717	696	20	,	,	PUNCT
cblr-1717	696	21	are	be	AUX
cblr-1717	696	22	not	not	PART
cblr-1717	696	23	considered	consider	VERB
cblr-1717	696	24	“	"	PUNCT
cblr-1717	696	25	performance	performance	NOUN
cblr-1717	696	26	-	-	PUNCT
cblr-1717	696	27	based	base	VERB
cblr-1717	696	28	.	.	PUNCT
cblr-1717	696	29	”160	”160	PROPN
cblr-1717	696	30	thus	thus	ADV
cblr-1717	696	31	,	,	PUNCT
cblr-1717	696	32	section	section	NOUN
cblr-1717	696	33	162(m	162(m	NUM
cblr-1717	696	34	)	)	PUNCT
cblr-1717	696	35	can	can	AUX
cblr-1717	696	36	be	be	AUX
cblr-1717	696	37	considered	consider	VERB
cblr-1717	696	38	an	an	DET
cblr-1717	696	39	“	"	PUNCT
cblr-1717	696	40	option	option	NOUN
cblr-1717	696	41	-	-	PUNCT
cblr-1717	696	42	based	base	VERB
cblr-1717	696	43	”	"	PUNCT
cblr-1717	696	44	tax	tax	NOUN
cblr-1717	696	45	code	code	NOUN
cblr-1717	696	46	.	.	PUNCT
cblr-1717	697	1	this	this	PRON
cblr-1717	697	2	becomes	become	VERB
cblr-1717	697	3	problematic	problematic	ADJ
cblr-1717	697	4	when	when	SCONJ
cblr-1717	697	5	the	the	DET
cblr-1717	697	6	larger	large	ADJ
cblr-1717	697	7	proportion	proportion	NOUN
cblr-1717	697	8	of	of	ADP
cblr-1717	697	9	equity	equity	NOUN
cblr-1717	697	10	compensation	compensation	NOUN
cblr-1717	697	11	is	be	AUX
cblr-1717	697	12	no	no	PRON
cblr-1717	697	13	longer	long	ADJ
cblr-1717	697	14	options	option	NOUN
cblr-1717	697	15	,	,	PUNCT
cblr-1717	697	16	but	but	CCONJ
cblr-1717	698	1	stock	stock	NOUN
cblr-1717	698	2	.	.	PUNCT
cblr-1717	699	1	as	as	SCONJ
cblr-1717	699	2	discussed	discuss	VERB
cblr-1717	699	3	,	,	PUNCT
cblr-1717	699	4	the	the	DET
cblr-1717	699	5	sec	sec	PROPN
cblr-1717	699	6	and	and	CCONJ
cblr-1717	699	7	other	other	ADJ
cblr-1717	699	8	regulators	regulator	NOUN
cblr-1717	699	9	steered	steer	VERB
cblr-1717	699	10	companies	company	NOUN
cblr-1717	699	11	towards	towards	ADP
cblr-1717	699	12	granting	grant	VERB
cblr-1717	699	13	a	a	DET
cblr-1717	699	14	greater	great	ADJ
cblr-1717	699	15	proportion	proportion	NOUN
cblr-1717	699	16	of	of	ADP
cblr-1717	699	17	stock	stock	NOUN
cblr-1717	699	18	,	,	PUNCT
cblr-1717	699	19	making	make	VERB
cblr-1717	699	20	it	it	PRON
cblr-1717	699	21	increasingly	increasingly	ADV
cblr-1717	699	22	difficult	difficult	ADJ
cblr-1717	699	23	for	for	SCONJ
cblr-1717	699	24	companies	company	NOUN
cblr-1717	699	25	to	to	PART
cblr-1717	699	26	take	take	VERB
cblr-1717	699	27	advantage	advantage	NOUN
cblr-1717	699	28	of	of	ADP
cblr-1717	699	29	the	the	DET
cblr-1717	699	30	performancebased	performancebase	VERB
cblr-1717	699	31	exception	exception	NOUN
cblr-1717	699	32	to	to	ADP
cblr-1717	699	33	section	section	NOUN
cblr-1717	699	34	162(m	162(m	NUM
cblr-1717	699	35	)	)	PUNCT
cblr-1717	699	36	.	.	PUNCT
cblr-1717	700	1	today	today	NOUN
cblr-1717	700	2	,	,	PUNCT
cblr-1717	700	3	companies	company	NOUN
cblr-1717	700	4	generally	generally	ADV
cblr-1717	700	5	forfeit	forfeit	VERB
cblr-1717	700	6	what	what	PRON
cblr-1717	700	7	could	could	AUX
cblr-1717	700	8	have	have	AUX
cblr-1717	700	9	been	be	AUX
cblr-1717	700	10	a	a	DET
cblr-1717	700	11	section	section	NOUN
cblr-1717	700	12	162(m	162(m	NUM
cblr-1717	700	13	)	)	PUNCT
cblr-1717	700	14	159	159	NUM
cblr-1717	700	15	see	see	VERB
cblr-1717	700	16	david	david	PROPN
cblr-1717	700	17	i.	i.	PROPN
cblr-1717	700	18	walker	walker	PROPN
cblr-1717	700	19	,	,	PUNCT
cblr-1717	700	20	is	be	AUX
cblr-1717	700	21	equity	equity	NOUN
cblr-1717	700	22	compensation	compensation	NOUN
cblr-1717	700	23	tax	tax	NOUN
cblr-1717	700	24	advantaged	advantage	VERB
cblr-1717	700	25	?	?	PUNCT
cblr-1717	700	26	,	,	PUNCT
cblr-1717	700	27	84	84	NUM
cblr-1717	700	28	b.u.l	b.u.l	NOUN
cblr-1717	700	29	.	.	PUNCT
cblr-1717	701	1	rev	rev	PROPN
cblr-1717	701	2	.	.	PROPN
cblr-1717	701	3	695	695	NUM
cblr-1717	701	4	,	,	PUNCT
cblr-1717	701	5	710	710	NUM
cblr-1717	701	6	(	(	PUNCT
cblr-1717	701	7	2004	2004	NUM
cblr-1717	701	8	)	)	PUNCT
cblr-1717	701	9	.	.	PUNCT
cblr-1717	702	1	160	160	NUM
cblr-1717	702	2	recall	recall	NOUN
cblr-1717	702	3	that	that	SCONJ
cblr-1717	702	4	non	non	ADJ
cblr-1717	702	5	-	-	ADJ
cblr-1717	702	6	discounted	discounted	ADJ
cblr-1717	702	7	options	option	NOUN
cblr-1717	702	8	are	be	AUX
cblr-1717	702	9	those	those	PRON
cblr-1717	702	10	that	that	PRON
cblr-1717	702	11	are	be	AUX
cblr-1717	702	12	issued	issue	VERB
cblr-1717	702	13	“	"	PUNCT
cblr-1717	702	14	atthe	atthe	ADJ
cblr-1717	702	15	-	-	PUNCT
cblr-1717	702	16	money	money	NOUN
cblr-1717	702	17	”	"	PUNCT
cblr-1717	702	18	(	(	PUNCT
cblr-1717	702	19	options	option	NOUN
cblr-1717	702	20	that	that	PRON
cblr-1717	702	21	are	be	AUX
cblr-1717	702	22	issued	issue	VERB
cblr-1717	702	23	with	with	ADP
cblr-1717	702	24	an	an	DET
cblr-1717	702	25	exercise	exercise	NOUN
cblr-1717	702	26	price	price	NOUN
cblr-1717	702	27	equal	equal	ADJ
cblr-1717	702	28	to	to	ADP
cblr-1717	702	29	the	the	DET
cblr-1717	702	30	fair	fair	ADJ
cblr-1717	702	31	market	market	NOUN
cblr-1717	702	32	value	value	NOUN
cblr-1717	702	33	of	of	ADP
cblr-1717	702	34	the	the	DET
cblr-1717	702	35	company	company	NOUN
cblr-1717	702	36	’s	’s	PART
cblr-1717	702	37	stock	stock	NOUN
cblr-1717	702	38	on	on	ADP
cblr-1717	702	39	the	the	DET
cblr-1717	702	40	date	date	NOUN
cblr-1717	702	41	of	of	ADP
cblr-1717	702	42	the	the	DET
cblr-1717	702	43	grant	grant	NOUN
cblr-1717	702	44	)	)	PUNCT
cblr-1717	702	45	.	.	PUNCT
cblr-1717	703	1	discounted	discount	VERB
cblr-1717	703	2	options	option	NOUN
cblr-1717	703	3	are	be	AUX
cblr-1717	703	4	those	those	PRON
cblr-1717	703	5	that	that	PRON
cblr-1717	703	6	are	be	AUX
cblr-1717	703	7	issued	issue	VERB
cblr-1717	703	8	“	"	PUNCT
cblr-1717	703	9	in	in	ADP
cblr-1717	703	10	-	-	PUNCT
cblr-1717	703	11	the	the	DET
cblr-1717	703	12	-	-	PUNCT
cblr-1717	703	13	money	money	NOUN
cblr-1717	703	14	”	"	PUNCT
cblr-1717	703	15	(	(	PUNCT
cblr-1717	703	16	options	option	NOUN
cblr-1717	703	17	with	with	ADP
cblr-1717	703	18	exercise	exercise	NOUN
cblr-1717	703	19	prices	price	NOUN
cblr-1717	703	20	less	less	ADJ
cblr-1717	703	21	than	than	ADP
cblr-1717	703	22	the	the	DET
cblr-1717	703	23	price	price	NOUN
cblr-1717	703	24	of	of	ADP
cblr-1717	703	25	the	the	DET
cblr-1717	703	26	underlying	underlie	VERB
cblr-1717	703	27	stock	stock	NOUN
cblr-1717	703	28	on	on	ADP
cblr-1717	703	29	the	the	DET
cblr-1717	703	30	date	date	NOUN
cblr-1717	703	31	of	of	ADP
cblr-1717	703	32	the	the	DET
cblr-1717	703	33	grant	grant	NOUN
cblr-1717	703	34	)	)	PUNCT
cblr-1717	703	35	.	.	PUNCT
cblr-1717	704	1	ades	ades	PROPN
cblr-1717	704	2	-	-	PUNCT
cblr-1717	704	3	laurent	laurent	NOUN
cblr-1717	704	4	–	–	PUNCT
cblr-1717	704	5	final	final	ADJ
cblr-1717	704	6	no	no	NOUN
cblr-1717	704	7	.	.	PUNCT
cblr-1717	705	1	1:347	1:347	NUM
cblr-1717	705	2	]	]	PUNCT
cblr-1717	705	3	disappearing	disappear	VERB
cblr-1717	705	4	stock	stock	NOUN
cblr-1717	705	5	options	option	NOUN
cblr-1717	705	6	393	393	NUM
cblr-1717	705	7	deduction	deduction	NOUN
cblr-1717	705	8	in	in	ADP
cblr-1717	705	9	order	order	NOUN
cblr-1717	705	10	to	to	PART
cblr-1717	705	11	meet	meet	VERB
cblr-1717	705	12	the	the	DET
cblr-1717	705	13	accounting	accounting	NOUN
cblr-1717	705	14	requirements	requirement	NOUN
cblr-1717	705	15	under	under	ADP
cblr-1717	705	16	fasb	fasb	NOUN
cblr-1717	705	17	123(r).161	123(r).161	NUM
cblr-1717	705	18	a	a	DET
cblr-1717	705	19	number	number	NOUN
cblr-1717	705	20	of	of	ADP
cblr-1717	705	21	companies	company	NOUN
cblr-1717	705	22	today	today	NOUN
cblr-1717	705	23	continue	continue	VERB
cblr-1717	705	24	to	to	PART
cblr-1717	705	25	pay	pay	VERB
cblr-1717	705	26	compensation	compensation	NOUN
cblr-1717	705	27	that	that	PRON
cblr-1717	705	28	is	be	AUX
cblr-1717	705	29	not	not	PART
cblr-1717	705	30	deductible	deductible	ADJ
cblr-1717	705	31	under	under	ADP
cblr-1717	705	32	section	section	NOUN
cblr-1717	705	33	162(m	162(m	NUM
cblr-1717	705	34	)	)	PUNCT
cblr-1717	705	35	and	and	CCONJ
cblr-1717	705	36	consequently	consequently	ADV
cblr-1717	705	37	increase	increase	VERB
cblr-1717	705	38	the	the	DET
cblr-1717	705	39	company	company	NOUN
cblr-1717	705	40	’s	’s	PART
cblr-1717	705	41	cost	cost	NOUN
cblr-1717	705	42	for	for	ADP
cblr-1717	705	43	that	that	PRON
cblr-1717	705	44	item.162	item.162	ADV
cblr-1717	705	45	presumably	presumably	ADV
cblr-1717	705	46	,	,	PUNCT
cblr-1717	705	47	a	a	DET
cblr-1717	705	48	company	company	NOUN
cblr-1717	705	49	would	would	AUX
cblr-1717	705	50	be	be	AUX
cblr-1717	705	51	better	well	ADJ
cblr-1717	705	52	off	off	ADP
cblr-1717	705	53	in	in	ADP
cblr-1717	705	54	the	the	DET
cblr-1717	705	55	absence	absence	NOUN
cblr-1717	705	56	of	of	ADP
cblr-1717	705	57	this	this	DET
cblr-1717	705	58	penalty	penalty	NOUN
cblr-1717	705	59	and	and	CCONJ
cblr-1717	705	60	other	other	ADJ
cblr-1717	705	61	economically	economically	ADV
cblr-1717	705	62	inefficient	inefficient	ADJ
cblr-1717	705	63	related	relate	VERB
cblr-1717	705	64	costs	cost	NOUN
cblr-1717	705	65	.	.	PUNCT
cblr-1717	706	1	when	when	SCONJ
cblr-1717	706	2	a	a	DET
cblr-1717	706	3	company	company	NOUN
cblr-1717	706	4	absorbs	absorb	VERB
cblr-1717	706	5	the	the	DET
cblr-1717	706	6	corporate	corporate	ADJ
cblr-1717	706	7	tax	tax	NOUN
cblr-1717	706	8	and	and	CCONJ
cblr-1717	706	9	lowers	lower	VERB
cblr-1717	706	10	its	its	PRON
cblr-1717	706	11	after	after	ADP
cblr-1717	706	12	-	-	PUNCT
cblr-1717	706	13	tax	tax	NOUN
cblr-1717	706	14	profits	profit	NOUN
cblr-1717	706	15	,	,	PUNCT
cblr-1717	706	16	the	the	DET
cblr-1717	706	17	shareholders	shareholder	NOUN
cblr-1717	706	18	will	will	AUX
cblr-1717	706	19	initially	initially	ADV
cblr-1717	706	20	bear	bear	VERB
cblr-1717	706	21	the	the	DET
cblr-1717	706	22	burden	burden	NOUN
cblr-1717	706	23	of	of	ADP
cblr-1717	706	24	a	a	DET
cblr-1717	706	25	smaller	small	ADJ
cblr-1717	706	26	after	after	ADP
cblr-1717	706	27	-	-	PUNCT
cblr-1717	706	28	tax	tax	NOUN
cblr-1717	706	29	return	return	NOUN
cblr-1717	706	30	on	on	ADP
cblr-1717	706	31	their	their	PRON
cblr-1717	706	32	corporate	corporate	ADJ
cblr-1717	706	33	equity.163	equity.163	VERB
cblr-1717	706	34	by	by	ADP
cblr-1717	706	35	2005	2005	NUM
cblr-1717	706	36	,	,	PUNCT
cblr-1717	706	37	almost	almost	ADV
cblr-1717	706	38	fifty	fifty	NUM
cblr-1717	706	39	percent	percent	NOUN
cblr-1717	706	40	of	of	ADP
cblr-1717	706	41	american	american	ADJ
cblr-1717	706	42	households	household	NOUN
cblr-1717	706	43	owned	own	VERB
cblr-1717	706	44	stock	stock	NOUN
cblr-1717	706	45	,	,	PUNCT
cblr-1717	706	46	and	and	CCONJ
cblr-1717	706	47	in	in	ADP
cblr-1717	706	48	2007	2007	NUM
cblr-1717	706	49	,	,	PUNCT
cblr-1717	706	50	total	total	ADJ
cblr-1717	706	51	retirement	retirement	NOUN
cblr-1717	706	52	assets	asset	NOUN
cblr-1717	706	53	reached	reach	VERB
cblr-1717	706	54	$	$	SYM
cblr-1717	706	55	17.6	17.6	NUM
cblr-1717	706	56	trillion.164	trillion.164	NOUN
cblr-1717	706	57	thus	thus	ADV
cblr-1717	706	58	,	,	PUNCT
cblr-1717	706	59	while	while	SCONJ
cblr-1717	706	60	congress	congress	PROPN
cblr-1717	706	61	may	may	AUX
cblr-1717	706	62	have	have	AUX
cblr-1717	706	63	aimed	aim	VERB
cblr-1717	706	64	the	the	DET
cblr-1717	706	65	tax	tax	NOUN
cblr-1717	706	66	penalties	penalty	NOUN
cblr-1717	706	67	at	at	ADP
cblr-1717	706	68	executives	executive	NOUN
cblr-1717	706	69	,	,	PUNCT
cblr-1717	706	70	shareholders	shareholder	NOUN
cblr-1717	706	71	bear	bear	VERB
cblr-1717	706	72	the	the	DET
cblr-1717	706	73	burden	burden	NOUN
cblr-1717	706	74	—	—	PUNCT
cblr-1717	706	75	including	include	VERB
cblr-1717	706	76	indirect	indirect	ADJ
cblr-1717	706	77	shareholders	shareholder	NOUN
cblr-1717	706	78	,	,	PUNCT
cblr-1717	706	79	who	who	PRON
cblr-1717	706	80	are	be	AUX
cblr-1717	706	81	less	less	ADV
cblr-1717	706	82	wealthy	wealthy	ADJ
cblr-1717	706	83	than	than	ADP
cblr-1717	706	84	institutional	institutional	ADJ
cblr-1717	706	85	161	161	NUM
cblr-1717	706	86	it	it	PRON
cblr-1717	706	87	is	be	AUX
cblr-1717	706	88	also	also	ADV
cblr-1717	706	89	important	important	ADJ
cblr-1717	706	90	to	to	PART
cblr-1717	706	91	note	note	VERB
cblr-1717	706	92	that	that	SCONJ
cblr-1717	706	93	prior	prior	ADV
cblr-1717	706	94	to	to	ADP
cblr-1717	706	95	the	the	DET
cblr-1717	706	96	promulgation	promulgation	NOUN
cblr-1717	706	97	of	of	ADP
cblr-1717	706	98	fasb	fasb	PROPN
cblr-1717	706	99	123(r	123(r	NUM
cblr-1717	706	100	)	)	PUNCT
cblr-1717	706	101	,	,	PUNCT
cblr-1717	706	102	companies	company	NOUN
cblr-1717	706	103	regularly	regularly	ADV
cblr-1717	706	104	forfeited	forfeit	VERB
cblr-1717	706	105	deductions	deduction	NOUN
cblr-1717	706	106	in	in	ADP
cblr-1717	706	107	order	order	NOUN
cblr-1717	706	108	to	to	PART
cblr-1717	706	109	pay	pay	VERB
cblr-1717	706	110	whatever	whatever	DET
cblr-1717	706	111	compensation	compensation	NOUN
cblr-1717	706	112	they	they	PRON
cblr-1717	706	113	decided	decide	VERB
cblr-1717	706	114	is	be	AUX
cblr-1717	706	115	best	good	ADJ
cblr-1717	706	116	.	.	PUNCT
cblr-1717	707	1	see	see	VERB
cblr-1717	707	2	steven	steven	PROPN
cblr-1717	707	3	balsam	balsam	PROPN
cblr-1717	707	4	&	&	CCONJ
cblr-1717	707	5	qin	qin	PROPN
cblr-1717	707	6	jennifer	jennifer	PROPN
cblr-1717	707	7	yin	yin	PROPN
cblr-1717	707	8	,	,	PUNCT
cblr-1717	707	9	explaining	explain	VERB
cblr-1717	707	10	firm	firm	ADJ
cblr-1717	707	11	willingness	willingness	NOUN
cblr-1717	707	12	to	to	PART
cblr-1717	707	13	forfeit	forfeit	VERB
cblr-1717	707	14	tax	tax	NOUN
cblr-1717	707	15	deductions	deduction	NOUN
cblr-1717	707	16	under	under	ADP
cblr-1717	707	17	internal	internal	ADJ
cblr-1717	707	18	revenue	revenue	NOUN
cblr-1717	707	19	code	code	NOUN
cblr-1717	707	20	section	section	NOUN
cblr-1717	707	21	162(m	162(m	NUM
cblr-1717	707	22	):	):	PUNCT
cblr-1717	707	23	the	the	DET
cblr-1717	707	24	million	million	NUM
cblr-1717	707	25	-	-	PUNCT
cblr-1717	707	26	dollar	dollar	NOUN
cblr-1717	707	27	cap	cap	NOUN
cblr-1717	707	28	,	,	PUNCT
cblr-1717	707	29	24	24	NUM
cblr-1717	707	30	j.	j.	PROPN
cblr-1717	707	31	acct	acct	PROPN
cblr-1717	707	32	.	.	PUNCT
cblr-1717	708	1	&	&	CCONJ
cblr-1717	709	1	pub	pub	NOUN
cblr-1717	709	2	.	.	PUNCT
cblr-1717	710	1	pol’y	pol’y	NOUN
cblr-1717	710	2	300	300	NUM
cblr-1717	710	3	,	,	PUNCT
cblr-1717	710	4	321	321	NUM
cblr-1717	710	5	(	(	PUNCT
cblr-1717	710	6	2005	2005	NUM
cblr-1717	710	7	)	)	PUNCT
cblr-1717	710	8	(	(	PUNCT
cblr-1717	710	9	noting	note	VERB
cblr-1717	710	10	that	that	SCONJ
cblr-1717	710	11	in	in	ADP
cblr-1717	710	12	the	the	DET
cblr-1717	710	13	mid-1990s	mid-1990	NOUN
cblr-1717	710	14	,	,	PUNCT
cblr-1717	710	15	nearly	nearly	ADV
cblr-1717	710	16	forty	forty	NUM
cblr-1717	710	17	percent	percent	NOUN
cblr-1717	710	18	of	of	ADP
cblr-1717	710	19	corporations	corporation	NOUN
cblr-1717	710	20	admitted	admit	VERB
cblr-1717	710	21	to	to	ADP
cblr-1717	710	22	forfeiting	forfeit	VERB
cblr-1717	710	23	deductions	deduction	NOUN
cblr-1717	710	24	because	because	SCONJ
cblr-1717	710	25	of	of	ADP
cblr-1717	710	26	section	section	NOUN
cblr-1717	710	27	162(m	162(m	NUM
cblr-1717	710	28	)	)	PUNCT
cblr-1717	710	29	)	)	PUNCT
cblr-1717	710	30	.	.	PUNCT
cblr-1717	711	1	162	162	NUM
cblr-1717	711	2	see	see	VERB
cblr-1717	711	3	,	,	PUNCT
cblr-1717	711	4	e.g.	e.g.	ADV
cblr-1717	711	5	,	,	PUNCT
cblr-1717	711	6	bebchuk	bebchuk	PROPN
cblr-1717	711	7	&	&	CCONJ
cblr-1717	711	8	fried	fried	PROPN
cblr-1717	711	9	,	,	PUNCT
cblr-1717	711	10	supra	supra	PROPN
cblr-1717	711	11	note	note	NOUN
cblr-1717	711	12	7	7	NUM
cblr-1717	711	13	.	.	NOUN
cblr-1717	711	14	163	163	NUM
cblr-1717	711	15	as	as	ADP
cblr-1717	711	16	one	one	NUM
cblr-1717	711	17	example	example	NOUN
cblr-1717	711	18	,	,	PUNCT
cblr-1717	711	19	when	when	SCONJ
cblr-1717	711	20	apple	apple	PROPN
cblr-1717	711	21	inc	inc	PROPN
cblr-1717	711	22	.	.	PROPN
cblr-1717	711	23	made	make	VERB
cblr-1717	711	24	tim	tim	PROPN
cblr-1717	711	25	cook	cook	VERB
cblr-1717	711	26	its	its	PRON
cblr-1717	711	27	ceo	ceo	NOUN
cblr-1717	711	28	in	in	ADP
cblr-1717	711	29	august	august	PROPN
cblr-1717	711	30	2011	2011	NUM
cblr-1717	711	31	,	,	PUNCT
cblr-1717	711	32	it	it	PRON
cblr-1717	711	33	gave	give	VERB
cblr-1717	711	34	him	he	PRON
cblr-1717	711	35	one	one	NUM
cblr-1717	711	36	million	million	NUM
cblr-1717	711	37	shares	share	NOUN
cblr-1717	711	38	of	of	ADP
cblr-1717	711	39	restricted	restricted	ADJ
cblr-1717	711	40	stock	stock	NOUN
cblr-1717	711	41	that	that	PRON
cblr-1717	711	42	vested	vest	VERB
cblr-1717	711	43	purely	purely	ADV
cblr-1717	711	44	with	with	ADP
cblr-1717	711	45	the	the	DET
cblr-1717	711	46	passage	passage	NOUN
cblr-1717	711	47	of	of	ADP
cblr-1717	711	48	time	time	NOUN
cblr-1717	711	49	,	,	PUNCT
cblr-1717	711	50	meaning	mean	VERB
cblr-1717	711	51	that	that	SCONJ
cblr-1717	711	52	it	it	PRON
cblr-1717	711	53	was	be	AUX
cblr-1717	711	54	not	not	PART
cblr-1717	711	55	performancebased	performancebase	VERB
cblr-1717	711	56	.	.	PUNCT
cblr-1717	712	1	this	this	DET
cblr-1717	712	2	grant	grant	NOUN
cblr-1717	712	3	was	be	AUX
cblr-1717	712	4	valued	value	VERB
cblr-1717	712	5	at	at	ADP
cblr-1717	712	6	$	$	SYM
cblr-1717	712	7	378	378	NUM
cblr-1717	712	8	million	million	NUM
cblr-1717	712	9	at	at	ADP
cblr-1717	712	10	the	the	DET
cblr-1717	712	11	time	time	NOUN
cblr-1717	712	12	that	that	PRON
cblr-1717	712	13	it	it	PRON
cblr-1717	712	14	was	be	AUX
cblr-1717	712	15	made	make	VERB
cblr-1717	712	16	.	.	PUNCT
cblr-1717	713	1	see	see	VERB
cblr-1717	713	2	charles	charles	PROPN
cblr-1717	713	3	duhigg	duhigg	PROPN
cblr-1717	713	4	&	&	CCONJ
cblr-1717	713	5	david	david	PROPN
cblr-1717	713	6	kocieniewski	kocieniewski	PROPN
cblr-1717	713	7	,	,	PUNCT
cblr-1717	713	8	how	how	SCONJ
cblr-1717	713	9	apple	apple	NOUN
cblr-1717	713	10	sidesteps	sidestep	VERB
cblr-1717	713	11	billions	billion	NOUN
cblr-1717	713	12	in	in	ADP
cblr-1717	713	13	taxes	taxis	NOUN
cblr-1717	713	14	,	,	PUNCT
cblr-1717	713	15	n.y	n.y	PROPN
cblr-1717	713	16	.	.	PROPN
cblr-1717	713	17	times	times	PROPN
cblr-1717	713	18	(	(	PUNCT
cblr-1717	713	19	apr	apr	PROPN
cblr-1717	713	20	.	.	PROPN
cblr-1717	713	21	28	28	NUM
cblr-1717	713	22	,	,	PUNCT
cblr-1717	713	23	2012	2012	NUM
cblr-1717	713	24	)	)	PUNCT
cblr-1717	713	25	,	,	PUNCT
cblr-1717	713	26	http://www.nytimes.com/2012/	http://www.nytimes.com/2012/	PROPN
cblr-1717	713	27	04/29	04/29	NUM
cblr-1717	713	28	/	/	SYM
cblr-1717	713	29	business	business	NOUN
cblr-1717	713	30	/	/	SYM
cblr-1717	713	31	apples	apple	NOUN
cblr-1717	713	32	-	-	PUNCT
cblr-1717	713	33	tax	tax	NOUN
cblr-1717	713	34	-	-	PUNCT
cblr-1717	713	35	strategy	strategy	NOUN
cblr-1717	713	36	-	-	PUNCT
cblr-1717	713	37	aims	aim	NOUN
cblr-1717	713	38	-	-	PUNCT
cblr-1717	713	39	at	at	ADP
cblr-1717	713	40	-	-	PUNCT
cblr-1717	713	41	low	low	ADJ
cblr-1717	713	42	-	-	PUNCT
cblr-1717	713	43	tax	tax	NOUN
cblr-1717	713	44	-	-	PUNCT
cblr-1717	713	45	states	state	NOUN
cblr-1717	713	46	-	-	PUNCT
cblr-1717	713	47	andnations.html	andnations.html	PRON
cblr-1717	713	48	[	[	X
cblr-1717	713	49	https://perma.cc/cwf7-mh22	https://perma.cc/cwf7-mh22	NOUN
cblr-1717	713	50	]	]	PUNCT
cblr-1717	713	51	.	.	PUNCT
cblr-1717	714	1	yet	yet	CCONJ
cblr-1717	714	2	it	it	PRON
cblr-1717	714	3	did	do	AUX
cblr-1717	714	4	not	not	PART
cblr-1717	714	5	meet	meet	VERB
cblr-1717	714	6	the	the	DET
cblr-1717	714	7	performance	performance	NOUN
cblr-1717	714	8	-	-	PUNCT
cblr-1717	714	9	based	base	VERB
cblr-1717	714	10	exception	exception	NOUN
cblr-1717	714	11	of	of	ADP
cblr-1717	714	12	section	section	NOUN
cblr-1717	714	13	162(m	162(m	NUM
cblr-1717	714	14	)	)	PUNCT
cblr-1717	714	15	and	and	CCONJ
cblr-1717	714	16	therefore	therefore	ADV
cblr-1717	714	17	was	be	AUX
cblr-1717	714	18	not	not	PART
cblr-1717	714	19	deductible	deductible	ADJ
cblr-1717	714	20	.	.	PUNCT
cblr-1717	715	1	this	this	PRON
cblr-1717	715	2	costs	cost	VERB
cblr-1717	715	3	shareholders	shareholder	NOUN
cblr-1717	715	4	over	over	ADP
cblr-1717	715	5	$	$	SYM
cblr-1717	715	6	100	100	NUM
cblr-1717	715	7	million	million	NUM
cblr-1717	715	8	in	in	ADP
cblr-1717	715	9	additional	additional	ADJ
cblr-1717	715	10	taxes	taxis	NOUN
cblr-1717	715	11	at	at	ADP
cblr-1717	715	12	the	the	DET
cblr-1717	715	13	current	current	ADJ
cblr-1717	715	14	tax	tax	NOUN
cblr-1717	715	15	rate	rate	NOUN
cblr-1717	715	16	.	.	PUNCT
cblr-1717	716	1	see	see	VERB
cblr-1717	716	2	also	also	ADV
cblr-1717	716	3	bebchuk	bebchuk	PROPN
cblr-1717	716	4	&	&	CCONJ
cblr-1717	716	5	fried	fried	PROPN
cblr-1717	716	6	,	,	PUNCT
cblr-1717	716	7	supra	supra	PROPN
cblr-1717	716	8	note	note	PROPN
cblr-1717	716	9	7	7	NUM
cblr-1717	716	10	,	,	PUNCT
cblr-1717	716	11	at	at	ADP
cblr-1717	716	12	46	46	NUM
cblr-1717	716	13	(	(	PUNCT
cblr-1717	716	14	“	"	PUNCT
cblr-1717	716	15	executive	executive	ADJ
cblr-1717	716	16	compensation	compensation	NOUN
cblr-1717	716	17	does	do	AUX
cblr-1717	716	18	not	not	PART
cblr-1717	716	19	hurt	hurt	VERB
cblr-1717	716	20	shareholders	shareholder	NOUN
cblr-1717	716	21	directly	directly	ADV
cblr-1717	716	22	;	;	PUNCT
cblr-1717	716	23	it	it	PRON
cblr-1717	716	24	hurts	hurt	VERB
cblr-1717	716	25	them	they	PRON
cblr-1717	716	26	indirectly	indirectly	ADV
cblr-1717	716	27	,	,	PUNCT
cblr-1717	716	28	through	through	ADP
cblr-1717	716	29	their	their	PRON
cblr-1717	716	30	equity	equity	NOUN
cblr-1717	716	31	interests	interest	NOUN
cblr-1717	716	32	in	in	ADP
cblr-1717	716	33	the	the	DET
cblr-1717	716	34	firm	firm	NOUN
cblr-1717	716	35	.	.	PUNCT
cblr-1717	716	36	”	"	PUNCT
cblr-1717	716	37	)	)	PUNCT
cblr-1717	716	38	.	.	PUNCT
cblr-1717	717	1	164	164	NUM
cblr-1717	717	2	joy	joy	NOUN
cblr-1717	717	3	sabino	sabino	NOUN
cblr-1717	717	4	mullane	mullane	NOUN
cblr-1717	717	5	,	,	PUNCT
cblr-1717	717	6	incidence	incidence	NOUN
cblr-1717	717	7	and	and	CCONJ
cblr-1717	717	8	accidents	accident	NOUN
cblr-1717	717	9	:	:	PUNCT
cblr-1717	717	10	regulation	regulation	NOUN
cblr-1717	717	11	of	of	ADP
cblr-1717	717	12	executive	executive	ADJ
cblr-1717	717	13	compensation	compensation	NOUN
cblr-1717	717	14	through	through	ADP
cblr-1717	717	15	the	the	DET
cblr-1717	717	16	tax	tax	NOUN
cblr-1717	717	17	code	code	NOUN
cblr-1717	717	18	,	,	PUNCT
cblr-1717	717	19	13	13	NUM
cblr-1717	717	20	lewis	lewis	PROPN
cblr-1717	717	21	&	&	CCONJ
cblr-1717	717	22	clark	clark	PROPN
cblr-1717	717	23	l.	l.	PROPN
cblr-1717	717	24	rev	rev	PROPN
cblr-1717	717	25	.	.	PROPN
cblr-1717	717	26	485	485	NUM
cblr-1717	717	27	,	,	PUNCT
cblr-1717	717	28	538	538	NUM
cblr-1717	717	29	(	(	PUNCT
cblr-1717	717	30	2009	2009	NUM
cblr-1717	717	31	)	)	PUNCT
cblr-1717	717	32	.	.	PUNCT
cblr-1717	718	1	ades	ades	PROPN
cblr-1717	718	2	-	-	PUNCT
cblr-1717	718	3	laurent	laurent	NOUN
cblr-1717	718	4	–	–	PUNCT
cblr-1717	718	5	final	final	ADJ
cblr-1717	718	6	394	394	NUM
cblr-1717	718	7	columbia	columbia	PROPN
cblr-1717	718	8	business	business	NOUN
cblr-1717	718	9	law	law	NOUN
cblr-1717	718	10	review	review	NOUN
cblr-1717	719	1	[	[	X
cblr-1717	719	2	vol	vol	NOUN
cblr-1717	719	3	.	.	NOUN
cblr-1717	719	4	2017	2017	NUM
cblr-1717	719	5	shareholders	shareholder	NOUN
cblr-1717	719	6	and	and	CCONJ
cblr-1717	719	7	consequently	consequently	ADV
cblr-1717	719	8	more	more	ADV
cblr-1717	719	9	sensitive	sensitive	ADJ
cblr-1717	719	10	to	to	ADP
cblr-1717	719	11	fluctuations	fluctuation	NOUN
cblr-1717	719	12	in	in	ADP
cblr-1717	719	13	their	their	PRON
cblr-1717	719	14	asset	asset	NOUN
cblr-1717	719	15	values	value	NOUN
cblr-1717	719	16	.	.	PUNCT
cblr-1717	720	1	3	3	X
cblr-1717	720	2	.	.	X
cblr-1717	720	3	current	current	ADJ
cblr-1717	720	4	tax	tax	NOUN
cblr-1717	720	5	reform	reform	NOUN
cblr-1717	720	6	legislation	legislation	NOUN
cblr-1717	720	7	congress	congress	PROPN
cblr-1717	720	8	has	have	AUX
cblr-1717	720	9	introduced	introduce	VERB
cblr-1717	720	10	numerous	numerous	ADJ
cblr-1717	720	11	pieces	piece	NOUN
cblr-1717	720	12	of	of	ADP
cblr-1717	720	13	legislation	legislation	NOUN
cblr-1717	720	14	in	in	ADP
cblr-1717	720	15	the	the	DET
cblr-1717	720	16	past	past	ADJ
cblr-1717	720	17	decade	decade	NOUN
cblr-1717	720	18	seeking	seek	VERB
cblr-1717	720	19	to	to	PART
cblr-1717	720	20	reform	reform	VERB
cblr-1717	720	21	tax	tax	NOUN
cblr-1717	720	22	laws	law	NOUN
cblr-1717	720	23	related	relate	VERB
cblr-1717	720	24	to	to	ADP
cblr-1717	720	25	executive	executive	ADJ
cblr-1717	720	26	compensation	compensation	NOUN
cblr-1717	720	27	.	.	PUNCT
cblr-1717	721	1	these	these	PRON
cblr-1717	721	2	include	include	VERB
cblr-1717	721	3	the	the	DET
cblr-1717	721	4	ending	end	VERB
cblr-1717	721	5	corporate	corporate	ADJ
cblr-1717	721	6	tax	tax	NOUN
cblr-1717	721	7	favors	favor	NOUN
cblr-1717	721	8	for	for	ADP
cblr-1717	721	9	stock	stock	NOUN
cblr-1717	721	10	options	option	NOUN
cblr-1717	721	11	act,165	act,165	ADP
cblr-1717	721	12	the	the	DET
cblr-1717	721	13	ending	end	VERB
cblr-1717	721	14	excessive	excessive	ADJ
cblr-1717	721	15	corporate	corporate	ADJ
cblr-1717	721	16	deductions	deduction	NOUN
cblr-1717	721	17	for	for	ADP
cblr-1717	721	18	stock	stock	NOUN
cblr-1717	721	19	options	option	NOUN
cblr-1717	721	20	act,166	act,166	VERB
cblr-1717	721	21	the	the	DET
cblr-1717	721	22	stop	stop	NOUN
cblr-1717	721	23	subsidizing	subsidize	VERB
cblr-1717	721	24	multimillion	multimillion	NOUN
cblr-1717	721	25	dollar	dollar	NOUN
cblr-1717	721	26	corporate	corporate	ADJ
cblr-1717	721	27	bonuses	bonus	NOUN
cblr-1717	721	28	act,167	act,167	ADP
cblr-1717	721	29	165	165	NUM
cblr-1717	721	30	ending	end	VERB
cblr-1717	721	31	corporate	corporate	ADJ
cblr-1717	721	32	tax	tax	NOUN
cblr-1717	721	33	favors	favor	NOUN
cblr-1717	721	34	for	for	ADP
cblr-1717	721	35	stock	stock	NOUN
cblr-1717	721	36	options	option	NOUN
cblr-1717	721	37	act	act	PROPN
cblr-1717	721	38	,	,	PUNCT
cblr-1717	721	39	s.	s.	PROPN
cblr-1717	721	40	2116	2116	NUM
cblr-1717	721	41	,	,	PUNCT
cblr-1717	721	42	110th	110th	ADJ
cblr-1717	721	43	cong	cong	NOUN
cblr-1717	721	44	.	.	PUNCT
cblr-1717	722	1	(	(	PUNCT
cblr-1717	722	2	1st	1st	ADJ
cblr-1717	722	3	sess	sess	NOUN
cblr-1717	722	4	.	.	PUNCT
cblr-1717	723	1	2007	2007	NUM
cblr-1717	723	2	)	)	PUNCT
cblr-1717	723	3	,	,	PUNCT
cblr-1717	723	4	https://www.congress.gov/bill/110thcongress/senate-bill/2116/text	https://www.congress.gov/bill/110thcongress/senate-bill/2116/text	PROPN
cblr-1717	724	1	[	[	X
cblr-1717	724	2	https://perma.cc/b8y2-t3rp	https://perma.cc/b8y2-t3rp	X
cblr-1717	724	3	]	]	X
cblr-1717	724	4	(	(	PUNCT
cblr-1717	724	5	seeking	seek	VERB
cblr-1717	724	6	to	to	PART
cblr-1717	724	7	decouple	decouple	VERB
cblr-1717	724	8	the	the	DET
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cblr-1717	724	10	of	of	ADP
cblr-1717	724	11	the	the	DET
cblr-1717	724	12	employer	employer	NOUN
cblr-1717	724	13	’s	’s	PART
cblr-1717	724	14	deduction	deduction	NOUN
cblr-1717	724	15	from	from	ADP
cblr-1717	724	16	the	the	DET
cblr-1717	724	17	amount	amount	NOUN
cblr-1717	724	18	of	of	ADP
cblr-1717	724	19	the	the	DET
cblr-1717	724	20	employee	employee	NOUN
cblr-1717	724	21	’s	’s	PART
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cblr-1717	724	24	for	for	ADP
cblr-1717	724	25	nqsos	nqsos	NOUN
cblr-1717	724	26	and	and	CCONJ
cblr-1717	724	27	to	to	PART
cblr-1717	724	28	eliminate	eliminate	VERB
cblr-1717	724	29	the	the	DET
cblr-1717	724	30	exemption	exemption	NOUN
cblr-1717	724	31	of	of	ADP
cblr-1717	724	32	nqsos	nqsos	NOUN
cblr-1717	724	33	from	from	ADP
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cblr-1717	724	35	$	$	SYM
cblr-1717	724	36	1	1	NUM
cblr-1717	724	37	million	million	NUM
cblr-1717	724	38	limitation	limitation	NOUN
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cblr-1717	724	40	by	by	ADP
cblr-1717	724	41	section	section	NOUN
cblr-1717	724	42	162(m	162(m	NUM
cblr-1717	724	43	)	)	PUNCT
cblr-1717	724	44	)	)	PUNCT
cblr-1717	724	45	.	.	PUNCT
cblr-1717	725	1	166	166	NUM
cblr-1717	725	2	ending	end	VERB
cblr-1717	725	3	excessive	excessive	ADJ
cblr-1717	725	4	corporate	corporate	ADJ
cblr-1717	725	5	deductions	deduction	NOUN
cblr-1717	725	6	for	for	ADP
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cblr-1717	725	8	options	option	NOUN
cblr-1717	725	9	act	act	PROPN
cblr-1717	725	10	,	,	PUNCT
cblr-1717	725	11	s.	s.	PROPN
cblr-1717	725	12	1491	1491	NUM
cblr-1717	725	13	,	,	PUNCT
cblr-1717	725	14	111th	111th	ADJ
cblr-1717	725	15	congress	congress	PROPN
cblr-1717	725	16	(	(	PUNCT
cblr-1717	725	17	1st	1st	ADJ
cblr-1717	725	18	sess	sess	NOUN
cblr-1717	725	19	.	.	PUNCT
cblr-1717	726	1	2009	2009	NUM
cblr-1717	726	2	)	)	PUNCT
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cblr-1717	728	2	https://perma.cc/x938-pb3r	https://perma.cc/x938-pb3r	X
cblr-1717	728	3	]	]	X
cblr-1717	728	4	(	(	PUNCT
cblr-1717	728	5	seeking	seek	VERB
cblr-1717	728	6	to	to	PART
cblr-1717	728	7	reconcile	reconcile	VERB
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cblr-1717	728	9	corporate	corporate	ADJ
cblr-1717	728	10	tax	tax	NOUN
cblr-1717	728	11	benefits	benefit	NOUN
cblr-1717	728	12	based	base	VERB
cblr-1717	728	13	on	on	ADP
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cblr-1717	728	15	option	option	NOUN
cblr-1717	728	16	compensation	compensation	NOUN
cblr-1717	728	17	with	with	ADP
cblr-1717	728	18	the	the	DET
cblr-1717	728	19	accounting	accounting	NOUN
cblr-1717	728	20	expenses	expense	NOUN
cblr-1717	728	21	for	for	ADP
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cblr-1717	728	23	compensation	compensation	NOUN
cblr-1717	728	24	)	)	PUNCT
cblr-1717	728	25	.	.	PUNCT
cblr-1717	729	1	this	this	DET
cblr-1717	729	2	legislation	legislation	NOUN
cblr-1717	729	3	was	be	AUX
cblr-1717	729	4	prompted	prompt	VERB
cblr-1717	729	5	by	by	ADP
cblr-1717	729	6	a	a	DET
cblr-1717	729	7	2008	2008	NUM
cblr-1717	729	8	investigation	investigation	NOUN
cblr-1717	729	9	that	that	PRON
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cblr-1717	729	11	that	that	SCONJ
cblr-1717	729	12	u.s	u.s	PROPN
cblr-1717	729	13	.	.	PROPN
cblr-1717	729	14	companies	company	NOUN
cblr-1717	729	15	reduced	reduce	VERB
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cblr-1717	729	18	by	by	ADP
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cblr-1717	729	20	of	of	ADP
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cblr-1717	729	22	by	by	ADP
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cblr-1717	729	24	$	$	SYM
cblr-1717	729	25	52	52	NUM
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cblr-1717	729	28	in	in	ADP
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cblr-1717	729	33	than	than	ADP
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cblr-1717	729	35	stock	stock	NOUN
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cblr-1717	729	37	tax	tax	NOUN
cblr-1717	729	38	expenses	expense	NOUN
cblr-1717	729	39	shown	show	VERB
cblr-1717	729	40	on	on	ADP
cblr-1717	729	41	their	their	PRON
cblr-1717	729	42	books	book	NOUN
cblr-1717	729	43	.	.	PUNCT
cblr-1717	730	1	press	press	NOUN
cblr-1717	730	2	release	release	NOUN
cblr-1717	730	3	,	,	PUNCT
cblr-1717	730	4	homeland	homeland	NOUN
cblr-1717	730	5	security	security	NOUN
cblr-1717	730	6	&	&	CCONJ
cblr-1717	730	7	governmental	governmental	PROPN
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cblr-1717	730	9	permanent	permanent	ADJ
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cblr-1717	730	11	on	on	ADP
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cblr-1717	730	13	,	,	PUNCT
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cblr-1717	730	16	subcommittee	subcommittee	NOUN
cblr-1717	730	17	releases	release	VERB
cblr-1717	730	18	new	new	ADJ
cblr-1717	730	19	data	datum	NOUN
cblr-1717	730	20	on	on	ADP
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cblr-1717	730	22	corporate	corporate	ADJ
cblr-1717	730	23	stock	stock	NOUN
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cblr-1717	730	25	deductions	deduction	NOUN
cblr-1717	730	26	totaling	total	VERB
cblr-1717	730	27	$	$	SYM
cblr-1717	730	28	52	52	NUM
cblr-1717	730	29	billion	billion	NUM
cblr-1717	730	30	(	(	PUNCT
cblr-1717	730	31	june	june	PROPN
cblr-1717	730	32	16	16	NUM
cblr-1717	730	33	,	,	PUNCT
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cblr-1717	730	36	,	,	PUNCT
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cblr-1717	731	4	.	.	PUNCT
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cblr-1717	732	3	subsidizing	subsidize	VERB
cblr-1717	732	4	multimillion	multimillion	NOUN
cblr-1717	732	5	dollar	dollar	NOUN
cblr-1717	732	6	corporate	corporate	ADJ
cblr-1717	732	7	bonuses	bonus	NOUN
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cblr-1717	732	9	,	,	PUNCT
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cblr-1717	732	15	.	.	PUNCT
cblr-1717	733	1	(	(	PUNCT
cblr-1717	733	2	1st	1st	ADJ
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cblr-1717	733	4	.	.	PUNCT
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cblr-1717	734	3	,	,	PUNCT
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cblr-1717	734	8	.	.	PUNCT
cblr-1717	735	1	“	"	PUNCT
cblr-1717	735	2	this	this	DET
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cblr-1717	735	5	close	close	VERB
cblr-1717	735	6	a	a	DET
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cblr-1717	735	8	loophole	loophole	NOUN
cblr-1717	735	9	in	in	ADP
cblr-1717	735	10	current	current	ADJ
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cblr-1717	735	12	tax	tax	NOUN
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cblr-1717	735	18	to	to	ADP
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cblr-1717	735	21	write	write	NOUN
cblr-1717	735	22	-	-	PUNCT
cblr-1717	735	23	offs	off	NOUN
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cblr-1717	735	26	-	-	PUNCT
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cblr-1717	735	30	”	"	PUNCT
cblr-1717	735	31	and	and	CCONJ
cblr-1717	735	32	calls	call	VERB
cblr-1717	735	33	for	for	ADP
cblr-1717	735	34	a	a	DET
cblr-1717	735	35	$	$	SYM
cblr-1717	735	36	1	1	NUM
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cblr-1717	735	38	deductibility	deductibility	NOUN
cblr-1717	735	39	ceiling	ceiling	NOUN
cblr-1717	735	40	on	on	ADP
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cblr-1717	735	42	that	that	PRON
cblr-1717	735	43	extends	extend	VERB
cblr-1717	735	44	to	to	ADP
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cblr-1717	735	47	,	,	PUNCT
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cblr-1717	735	49	,	,	PUNCT
cblr-1717	735	50	and	and	CCONJ
cblr-1717	735	51	employees	employee	NOUN
cblr-1717	735	52	.	.	PUNCT
cblr-1717	736	1	press	press	NOUN
cblr-1717	736	2	release	release	NOUN
cblr-1717	736	3	,	,	PUNCT
cblr-1717	736	4	jack	jack	PROPN
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cblr-1717	736	9	for	for	ADP
cblr-1717	736	10	rhode	rhode	PROPN
cblr-1717	736	11	island	island	NOUN
cblr-1717	736	12	,	,	PUNCT
cblr-1717	736	13	reed	reed	NOUN
cblr-1717	736	14	,	,	PUNCT
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cblr-1717	736	16	,	,	PUNCT
cblr-1717	736	17	doggett	doggett	PROPN
cblr-1717	736	18	offer	offer	VERB
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cblr-1717	736	24	exemptions	exemption	NOUN
cblr-1717	736	25	for	for	ADP
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cblr-1717	736	38	t	t	NOUN
cblr-1717	736	39	-	-	PUNCT
cblr-1717	736	40	offer	offer	NOUN
cblr-1717	736	41	-	-	PUNCT
cblr-1717	736	42	bill	bill	NOUN
cblr-1717	736	43	-	-	PUNCT
cblr-1717	736	44	to	to	ADP
cblr-1717	736	45	-	-	PUNCT
cblr-1717	736	46	end	end	NOUN
cblr-1717	736	47	-	-	PUNCT
cblr-1717	736	48	special	special	ADJ
cblr-1717	736	49	-	-	PUNCT
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cblr-1717	736	51	-	-	PUNCT
cblr-1717	736	52	exemptions	exemption	NOUN
cblr-1717	736	53	-	-	PUNCT
cblr-1717	736	54	for	for	ADP
cblr-1717	736	55	-	-	PUNCT
cblr-1717	736	56	huge	huge	ADJ
cblr-1717	736	57	-	-	PUNCT
cblr-1717	736	58	ceo	ceo	NOUN
cblr-1717	736	59	-	-	PUNCT
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cblr-1717	736	62	-	-	PUNCT
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cblr-1717	736	64	–	–	PUNCT
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cblr-1717	736	67	.	.	PUNCT
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cblr-1717	737	4	stock	stock	NOUN
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cblr-1717	737	6	395	395	NUM
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cblr-1717	737	17	by	by	ADP
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cblr-1717	737	21	-	-	PUNCT
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cblr-1717	737	27	[	[	X
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cblr-1717	737	30	.	.	PUNCT
cblr-1717	738	1	this	this	DET
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cblr-1717	738	4	in	in	ADP
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cblr-1717	738	20	162(m	162(m	NUM
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cblr-1717	738	25	$	$	SYM
cblr-1717	738	26	7	7	NUM
cblr-1717	738	27	billion	billion	NUM
cblr-1717	738	28	in	in	ADP
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cblr-1717	738	31	and	and	CCONJ
cblr-1717	738	32	$	$	SYM
cblr-1717	738	33	30.4	30.4	NUM
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cblr-1717	739	20	in	in	ADP
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cblr-1717	739	23	in	in	ADP
cblr-1717	739	24	2010	2010	NUM
cblr-1717	739	25	(	(	PUNCT
cblr-1717	739	26	aug	aug	PROPN
cblr-1717	739	27	.	.	PROPN
cblr-1717	739	28	14	14	NUM
cblr-1717	739	29	,	,	PUNCT
cblr-1717	739	30	2012	2012	NUM
cblr-1717	739	31	)	)	PUNCT
cblr-1717	739	32	,	,	PUNCT
cblr-1717	739	33	http://www.epi.org/press/corporate-taxdeductions-executive-pay-cost/	http://www.epi.org/press/corporate-taxdeductions-executive-pay-cost/	PRON
cblr-1717	740	1	[	[	X
cblr-1717	740	2	https://perma.cc/r356-e77u	https://perma.cc/r356-e77u	X
cblr-1717	740	3	]	]	PUNCT
cblr-1717	740	4	.	.	PUNCT
cblr-1717	741	1	note	note	VERB
cblr-1717	741	2	that	that	SCONJ
cblr-1717	741	3	this	this	DET
cblr-1717	741	4	bill	bill	NOUN
cblr-1717	741	5	was	be	AUX
cblr-1717	741	6	assigned	assign	VERB
cblr-1717	741	7	to	to	ADP
cblr-1717	741	8	the	the	DET
cblr-1717	741	9	house	house	NOUN
cblr-1717	741	10	ways	way	NOUN
cblr-1717	741	11	and	and	CCONJ
cblr-1717	741	12	means	mean	VERB
cblr-1717	741	13	committee	committee	NOUN
cblr-1717	741	14	and	and	CCONJ
cblr-1717	741	15	the	the	DET
cblr-1717	741	16	senate	senate	PROPN
cblr-1717	741	17	finance	finance	PROPN
cblr-1717	741	18	committee	committee	PROPN
cblr-1717	741	19	on	on	ADP
cblr-1717	741	20	april	april	PROPN
cblr-1717	741	21	29	29	NUM
cblr-1717	741	22	,	,	PUNCT
cblr-1717	741	23	2015	2015	NUM
cblr-1717	741	24	,	,	PUNCT
cblr-1717	741	25	which	which	PRON
cblr-1717	741	26	will	will	AUX
cblr-1717	741	27	both	both	PRON
cblr-1717	741	28	consider	consider	VERB
cblr-1717	741	29	the	the	DET
cblr-1717	741	30	bill	bill	NOUN
cblr-1717	741	31	before	before	ADP
cblr-1717	741	32	sending	send	VERB
cblr-1717	741	33	it	it	PRON
cblr-1717	741	34	to	to	ADP
cblr-1717	741	35	the	the	DET
cblr-1717	741	36	floor	floor	NOUN
cblr-1717	741	37	for	for	ADP
cblr-1717	741	38	consideration	consideration	NOUN
cblr-1717	741	39	.	.	PUNCT
cblr-1717	742	1	see	see	VERB
cblr-1717	742	2	also	also	ADV
cblr-1717	742	3	section	section	VERB
cblr-1717	742	4	3802	3802	NUM
cblr-1717	742	5	of	of	ADP
cblr-1717	742	6	the	the	DET
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cblr-1717	742	9	act	act	NOUN
cblr-1717	742	10	of	of	ADP
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cblr-1717	742	12	,	,	PUNCT
cblr-1717	742	13	h.	h.	PROPN
cblr-1717	742	14	r.	r.	PROPN
cblr-1717	742	15	1	1	NUM
cblr-1717	742	16	,	,	PUNCT
cblr-1717	742	17	113th	113th	PROPN
cblr-1717	742	18	cong	cong	NOUN
cblr-1717	742	19	.	.	PUNCT
cblr-1717	743	1	(	(	PUNCT
cblr-1717	743	2	2d	2d	NUM
cblr-1717	743	3	sess	sess	NOUN
cblr-1717	743	4	.	.	PUNCT
cblr-1717	744	1	2014	2014	NUM
cblr-1717	744	2	)	)	PUNCT
cblr-1717	744	3	,	,	PUNCT
cblr-1717	744	4	https://www.congress.gov/bill/113th-congress/house-bill/1/text	https://www.congress.gov/bill/113th-congress/house-bill/1/text	NOUN
cblr-1717	744	5	[	[	X
cblr-1717	744	6	https://perma.cc/v6tz-2ubu	https://perma.cc/v6tz-2ubu	NOUN
cblr-1717	744	7	]	]	PUNCT
cblr-1717	744	8	(	(	PUNCT
cblr-1717	744	9	seeking	seek	VERB
cblr-1717	744	10	to	to	PART
cblr-1717	744	11	eliminate	eliminate	VERB
cblr-1717	744	12	to	to	ADP
cblr-1717	744	13	the	the	DET
cblr-1717	744	14	performancebased	performancebase	VERB
cblr-1717	744	15	exemption	exemption	NOUN
cblr-1717	744	16	from	from	ADP
cblr-1717	744	17	the	the	DET
cblr-1717	744	18	$	$	SYM
cblr-1717	744	19	1	1	NUM
cblr-1717	744	20	million	million	NUM
cblr-1717	744	21	cap	cap	NOUN
cblr-1717	744	22	for	for	ADP
cblr-1717	744	23	the	the	DET
cblr-1717	744	24	five	five	NUM
cblr-1717	744	25	highest	high	ADJ
cblr-1717	744	26	paid	pay	VERB
cblr-1717	744	27	corporate	corporate	ADJ
cblr-1717	744	28	officers	officer	NOUN
cblr-1717	744	29	)	)	PUNCT
cblr-1717	744	30	.	.	PUNCT
cblr-1717	745	1	168	168	NUM
cblr-1717	745	2	income	income	NOUN
cblr-1717	745	3	equity	equity	NOUN
cblr-1717	745	4	act	act	NOUN
cblr-1717	745	5	of	of	ADP
cblr-1717	745	6	2015	2015	NUM
cblr-1717	745	7	,	,	PUNCT
cblr-1717	745	8	h.	h.	PROPN
cblr-1717	745	9	r.	r.	PROPN
cblr-1717	745	10	1305	1305	NUM
cblr-1717	745	11	,	,	PUNCT
cblr-1717	745	12	114th	114th	PROPN
cblr-1717	745	13	cong	cong	NOUN
cblr-1717	745	14	.	.	PUNCT
cblr-1717	746	1	(	(	PUNCT
cblr-1717	746	2	1st	1st	ADJ
cblr-1717	746	3	sess	sess	NOUN
cblr-1717	746	4	.	.	PUNCT
cblr-1717	747	1	2015	2015	NUM
cblr-1717	747	2	)	)	PUNCT
cblr-1717	747	3	,	,	PUNCT
cblr-1717	748	1	https://www.congress.gov/bill/114th-congress/house-bill/1305/text	https://www.congress.gov/bill/114th-congress/house-bill/1305/text	ADP
cblr-1717	748	2	[	[	X
cblr-1717	748	3	https://perma.cc/gsg8-4zr8	https://perma.cc/gsg8-4zr8	X
cblr-1717	748	4	]	]	X
cblr-1717	748	5	(	(	PUNCT
cblr-1717	748	6	seeking	seek	VERB
cblr-1717	748	7	to	to	PART
cblr-1717	748	8	deny	deny	VERB
cblr-1717	748	9	all	all	DET
cblr-1717	748	10	firms	firm	NOUN
cblr-1717	748	11	tax	tax	NOUN
cblr-1717	748	12	deductions	deduction	NOUN
cblr-1717	748	13	on	on	ADP
cblr-1717	748	14	any	any	DET
cblr-1717	748	15	executive	executive	ADJ
cblr-1717	748	16	pay	pay	NOUN
cblr-1717	748	17	that	that	PRON
cblr-1717	748	18	exceeds	exceed	VERB
cblr-1717	748	19	over	over	ADP
cblr-1717	748	20	twenty	twenty	NUM
cblr-1717	748	21	-	-	PUNCT
cblr-1717	748	22	five	five	NUM
cblr-1717	748	23	times	time	NOUN
cblr-1717	748	24	the	the	DET
cblr-1717	748	25	pay	pay	NOUN
cblr-1717	748	26	of	of	ADP
cblr-1717	748	27	the	the	DET
cblr-1717	748	28	firm	firm	NOUN
cblr-1717	748	29	’s	’s	PART
cblr-1717	748	30	lowest	lowest	ADV
cblr-1717	748	31	-	-	PUNCT
cblr-1717	748	32	paid	pay	VERB
cblr-1717	748	33	employee	employee	NOUN
cblr-1717	748	34	or	or	CCONJ
cblr-1717	748	35	$	$	SYM
cblr-1717	748	36	500,000	500,000	NUM
cblr-1717	748	37	,	,	PUNCT
cblr-1717	748	38	whichever	whichever	PRON
cblr-1717	748	39	is	be	AUX
cblr-1717	748	40	higher	high	ADJ
cblr-1717	748	41	,	,	PUNCT
cblr-1717	748	42	and	and	CCONJ
cblr-1717	748	43	to	to	PART
cblr-1717	748	44	set	set	VERB
cblr-1717	748	45	a	a	DET
cblr-1717	748	46	deductibility	deductibility	NOUN
cblr-1717	748	47	cap	cap	NOUN
cblr-1717	748	48	on	on	ADP
cblr-1717	748	49	all	all	DET
cblr-1717	748	50	forms	form	NOUN
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cblr-1717	748	52	executive	executive	ADJ
cblr-1717	748	53	pay	pay	NOUN
cblr-1717	748	54	,	,	PUNCT
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cblr-1717	748	56	removes	remove	VERB
cblr-1717	748	57	the	the	DET
cblr-1717	748	58	“	"	PUNCT
cblr-1717	748	59	performance	performance	NOUN
cblr-1717	748	60	-	-	PUNCT
cblr-1717	748	61	based	base	VERB
cblr-1717	748	62	exemption	exemption	NOUN
cblr-1717	748	63	”	"	PUNCT
cblr-1717	748	64	from	from	ADP
cblr-1717	748	65	section	section	NOUN
cblr-1717	748	66	162(m	162(m	NUM
cblr-1717	748	67	)	)	PUNCT
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cblr-1717	748	69	.	.	PUNCT
cblr-1717	749	1	note	note	VERB
cblr-1717	749	2	that	that	SCONJ
cblr-1717	749	3	this	this	DET
cblr-1717	749	4	bill	bill	NOUN
cblr-1717	749	5	was	be	AUX
cblr-1717	749	6	referred	refer	VERB
cblr-1717	749	7	to	to	ADP
cblr-1717	749	8	the	the	DET
cblr-1717	749	9	house	house	PROPN
cblr-1717	749	10	committee	committee	PROPN
cblr-1717	749	11	on	on	ADP
cblr-1717	749	12	ways	way	NOUN
cblr-1717	749	13	and	and	CCONJ
cblr-1717	749	14	means	mean	NOUN
cblr-1717	749	15	in	in	ADP
cblr-1717	749	16	march	march	PROPN
cblr-1717	749	17	2015	2015	NUM
cblr-1717	749	18	.	.	PUNCT
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cblr-1717	750	2	for	for	ADP
cblr-1717	750	3	example	example	NOUN
cblr-1717	750	4	,	,	PUNCT
cblr-1717	750	5	the	the	DET
cblr-1717	750	6	ending	end	VERB
cblr-1717	750	7	corporate	corporate	ADJ
cblr-1717	750	8	tax	tax	NOUN
cblr-1717	750	9	favors	favor	NOUN
cblr-1717	750	10	for	for	ADP
cblr-1717	750	11	stock	stock	NOUN
cblr-1717	750	12	options	option	NOUN
cblr-1717	750	13	act	act	PROPN
cblr-1717	750	14	,	,	PUNCT
cblr-1717	750	15	s.	s.	PROPN
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cblr-1717	750	17	,	,	PUNCT
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cblr-1717	750	20	.	.	PUNCT
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cblr-1717	751	4	.	.	PUNCT
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cblr-1717	752	2	)	)	PUNCT
cblr-1717	752	3	has	have	AUX
cblr-1717	752	4	been	be	AUX
cblr-1717	752	5	endorsed	endorse	VERB
cblr-1717	752	6	by	by	ADP
cblr-1717	752	7	the	the	DET
cblr-1717	752	8	consumer	consumer	PROPN
cblr-1717	752	9	federation	federation	PROPN
cblr-1717	752	10	of	of	ADP
cblr-1717	752	11	america	america	PROPN
cblr-1717	752	12	,	,	PUNCT
cblr-1717	752	13	citizens	citizen	NOUN
cblr-1717	752	14	for	for	ADP
cblr-1717	752	15	tax	tax	NOUN
cblr-1717	752	16	justice	justice	NOUN
cblr-1717	752	17	,	,	PUNCT
cblr-1717	752	18	tax	tax	NOUN
cblr-1717	752	19	justice	justice	NOUN
cblr-1717	752	20	network	network	PROPN
cblr-1717	752	21	-	-	PUNCT
cblr-1717	752	22	usa	usa	PROPN
cblr-1717	752	23	,	,	PUNCT
cblr-1717	752	24	ombwatch	ombwatch	ADJ
cblr-1717	752	25	,	,	PUNCT
cblr-1717	752	26	the	the	DET
cblr-1717	752	27	financial	financial	ADJ
cblr-1717	752	28	policy	policy	NOUN
cblr-1717	752	29	forum	forum	NOUN
cblr-1717	752	30	,	,	PUNCT
cblr-1717	752	31	and	and	CCONJ
cblr-1717	752	32	the	the	DET
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cblr-1717	752	34	-	-	PUNCT
cblr-1717	752	35	cio	cio	PROPN
cblr-1717	752	36	.	.	PUNCT
cblr-1717	753	1	press	press	PROPN
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cblr-1717	753	3	,	,	PUNCT
cblr-1717	753	4	homeland	homeland	NOUN
cblr-1717	753	5	security	security	NOUN
cblr-1717	753	6	&	&	CCONJ
cblr-1717	753	7	governmental	governmental	PROPN
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cblr-1717	753	9	permanent	permanent	ADJ
cblr-1717	753	10	subcommittee	subcommittee	NOUN
cblr-1717	753	11	on	on	ADP
cblr-1717	753	12	investigations	investigation	NOUN
cblr-1717	753	13	,	,	PUNCT
cblr-1717	753	14	levin	levin	PROPN
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cblr-1717	753	23	tax	tax	NOUN
cblr-1717	753	24	break	break	NOUN
cblr-1717	753	25	for	for	ADP
cblr-1717	753	26	executive	executive	ADJ
cblr-1717	753	27	stock	stock	NOUN
cblr-1717	753	28	options	option	NOUN
cblr-1717	753	29	(	(	PUNCT
cblr-1717	753	30	sept	sept	PROPN
cblr-1717	753	31	.	.	PROPN
cblr-1717	753	32	28	28	NUM
cblr-1717	753	33	,	,	PUNCT
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cblr-1717	753	36	,	,	PUNCT
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cblr-1717	753	39	-	-	PUNCT
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cblr-1717	753	41	-	-	PUNCT
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cblr-1717	753	43	-	-	PUNCT
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cblr-1717	753	45	-	-	PUNCT
cblr-1717	753	46	end	end	NOUN
cblr-1717	753	47	-	-	PUNCT
cblr-1717	753	48	double	double	ADJ
cblr-1717	753	49	-	-	PUNCT
cblr-1717	753	50	standard	standard	NOUN
cblr-1717	753	51	-	-	PUNCT
cblr-1717	753	52	in	in	ADP
cblr-1717	753	53	-	-	PUNCT
cblr-1717	753	54	corporate	corporate	ADJ
cblr-1717	753	55	-	-	PUNCT
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cblr-1717	753	57	-	-	PUNCT
cblr-1717	753	58	break	break	NOUN
cblr-1717	753	59	-	-	PUNCT
cblr-1717	753	60	forexecutive	forexecutive	ADJ
cblr-1717	753	61	-	-	PUNCT
cblr-1717	753	62	stock	stock	NOUN
cblr-1717	753	63	-	-	PUNCT
cblr-1717	753	64	options	option	NOUN
cblr-1717	753	65	[	[	X
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cblr-1717	753	67	]	]	X
cblr-1717	753	68	.	.	PUNCT
cblr-1717	754	1	the	the	DET
cblr-1717	754	2	other	other	ADJ
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cblr-1717	754	6	in	in	ADP
cblr-1717	754	7	similar	similar	ADJ
cblr-1717	754	8	positions	position	NOUN
cblr-1717	754	9	.	.	PUNCT
cblr-1717	755	1	see	see	VERB
cblr-1717	755	2	e.g.	e.g.	ADV
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cblr-1717	755	9	&	&	CCONJ
cblr-1717	755	10	governmental	governmental	PROPN
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cblr-1717	755	17	senate	senate	PROPN
cblr-1717	755	18	investigations	investigation	NOUN
cblr-1717	755	19	subcommittee	subcommittee	NOUN
cblr-1717	755	20	releases	release	VERB
cblr-1717	755	21	new	new	ADJ
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cblr-1717	755	23	on	on	ADP
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cblr-1717	755	25	corporate	corporate	ADJ
cblr-1717	755	26	stock	stock	NOUN
cblr-1717	755	27	option	option	NOUN
cblr-1717	755	28	deductions	deduction	NOUN
cblr-1717	755	29	totaling	total	VERB
cblr-1717	755	30	$	$	SYM
cblr-1717	755	31	52	52	NUM
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cblr-1717	755	44	/	/	SYM
cblr-1717	755	45	senate	senate	NOUN
cblr-1717	755	46	-	-	PUNCT
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cblr-1717	755	48	-	-	PUNCT
cblr-1717	755	49	subcommittee	subcommittee	NOUN
cblr-1717	755	50	-	-	PUNCT
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cblr-1717	755	52	-	-	PUNCT
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cblr-1717	755	54	-	-	PUNCT
cblr-1717	755	55	on	on	ADP
cblr-1717	755	56	-	-	PUNCT
cblr-1717	755	57	excessive	excessive	ADJ
cblr-1717	755	58	-	-	PUNCT
cblr-1717	755	59	corporate	corporate	ADJ
cblr-1717	755	60	-	-	PUNCT
cblr-1717	755	61	stock	stock	NOUN
cblr-1717	755	62	-	-	PUNCT
cblr-1717	755	63	option	option	NOUN
cblr-1717	755	64	-	-	PUNCT
cblr-1717	755	65	deductions	deduction	NOUN
cblr-1717	755	66	-	-	PUNCT
cblr-1717	755	67	totaling-52	totaling-52	NOUN
cblr-1717	755	68	-	-	PUNCT
cblr-1717	755	69	billion	billion	NUM
cblr-1717	755	70	[	[	X
cblr-1717	755	71	https://perma.cc/c73z-ldse	https://perma.cc/c73z-ldse	PROPN
cblr-1717	755	72	]	]	X
cblr-1717	755	73	;	;	PUNCT
cblr-1717	755	74	press	press	NOUN
cblr-1717	755	75	release	release	NOUN
cblr-1717	755	76	,	,	PUNCT
cblr-1717	755	77	rep	rep	PROPN
cblr-1717	755	78	.	.	PROPN
cblr-1717	755	79	doggett	doggett	PROPN
cblr-1717	755	80	calls	call	VERB
cblr-1717	755	81	for	for	ADP
cblr-1717	755	82	end	end	NOUN
cblr-1717	755	83	to	to	ADP
cblr-1717	755	84	tax	tax	NOUN
cblr-1717	755	85	write	write	NOUN
cblr-1717	755	86	-	-	PUNCT
cblr-1717	755	87	off	off	NOUN
cblr-1717	755	88	for	for	ADP
cblr-1717	755	89	exorbitant	exorbitant	ADJ
cblr-1717	755	90	executive	executive	ADJ
cblr-1717	755	91	bonuses	bonus	NOUN
cblr-1717	755	92	(	(	PUNCT
cblr-1717	755	93	jan	jan	PROPN
cblr-1717	755	94	.	.	PROPN
cblr-1717	755	95	29	29	NUM
cblr-1717	755	96	,	,	PUNCT
cblr-1717	755	97	2014	2014	NUM
cblr-1717	755	98	)	)	PUNCT
cblr-1717	755	99	ades	ade	NOUN
cblr-1717	755	100	-	-	PUNCT
cblr-1717	755	101	laurent	laurent	NOUN
cblr-1717	755	102	–	–	PUNCT
cblr-1717	756	1	final	final	ADJ
cblr-1717	756	2	396	396	NUM
cblr-1717	756	3	columbia	columbia	PROPN
cblr-1717	756	4	business	business	NOUN
cblr-1717	756	5	law	law	PROPN
cblr-1717	756	6	review	review	NOUN
cblr-1717	756	7	[	[	X
cblr-1717	756	8	vol	vol	NOUN
cblr-1717	756	9	.	.	NOUN
cblr-1717	756	10	2017	2017	NUM
cblr-1717	756	11	have	have	AUX
cblr-1717	756	12	languished	languish	VERB
cblr-1717	756	13	in	in	ADP
cblr-1717	756	14	congress	congress	PROPN
cblr-1717	756	15	,	,	PUNCT
cblr-1717	756	16	and	and	CCONJ
cblr-1717	756	17	based	base	VERB
cblr-1717	756	18	on	on	ADP
cblr-1717	756	19	recent	recent	ADJ
cblr-1717	756	20	history	history	NOUN
cblr-1717	756	21	,	,	PUNCT
cblr-1717	756	22	it	it	PRON
cblr-1717	756	23	seems	seem	VERB
cblr-1717	756	24	unlikely	unlikely	ADJ
cblr-1717	756	25	that	that	SCONJ
cblr-1717	756	26	any	any	PRON
cblr-1717	756	27	have	have	VERB
cblr-1717	756	28	much	much	ADJ
cblr-1717	756	29	chance	chance	NOUN
cblr-1717	756	30	of	of	ADP
cblr-1717	756	31	passage	passage	NOUN
cblr-1717	756	32	.	.	PUNCT
cblr-1717	757	1	this	this	DET
cblr-1717	757	2	continued	continue	VERB
cblr-1717	757	3	legislative	legislative	ADJ
cblr-1717	757	4	focus	focus	NOUN
cblr-1717	757	5	on	on	ADP
cblr-1717	757	6	reforming	reform	VERB
cblr-1717	757	7	executive	executive	ADJ
cblr-1717	757	8	compensation	compensation	NOUN
cblr-1717	757	9	indicates	indicate	VERB
cblr-1717	757	10	that	that	SCONJ
cblr-1717	757	11	it	it	PRON
cblr-1717	757	12	is	be	AUX
cblr-1717	757	13	an	an	DET
cblr-1717	757	14	ongoing	ongoing	ADJ
cblr-1717	757	15	matter	matter	NOUN
cblr-1717	757	16	of	of	ADP
cblr-1717	757	17	public	public	ADJ
cblr-1717	757	18	concern	concern	NOUN
cblr-1717	757	19	.	.	PUNCT
cblr-1717	758	1	the	the	DET
cblr-1717	758	2	reforms	reform	NOUN
cblr-1717	758	3	are	be	AUX
cblr-1717	758	4	often	often	ADV
cblr-1717	758	5	imposed	impose	VERB
cblr-1717	758	6	as	as	ADP
cblr-1717	758	7	a	a	DET
cblr-1717	758	8	reaction	reaction	NOUN
cblr-1717	758	9	to	to	ADP
cblr-1717	758	10	perceived	perceive	VERB
cblr-1717	758	11	abuses	abuse	NOUN
cblr-1717	758	12	in	in	ADP
cblr-1717	758	13	executive	executive	ADJ
cblr-1717	758	14	pay	pay	NOUN
cblr-1717	758	15	or	or	CCONJ
cblr-1717	758	16	to	to	ADP
cblr-1717	758	17	economic	economic	ADJ
cblr-1717	758	18	downturns	downturn	NOUN
cblr-1717	758	19	(	(	PUNCT
cblr-1717	758	20	which	which	PRON
cblr-1717	758	21	are	be	AUX
cblr-1717	758	22	generally	generally	ADV
cblr-1717	758	23	associated	associate	VERB
cblr-1717	758	24	with	with	ADP
cblr-1717	758	25	increases	increase	NOUN
cblr-1717	758	26	in	in	ADP
cblr-1717	758	27	income	income	NOUN
cblr-1717	758	28	inequality).170	inequality).170	PROPN
cblr-1717	758	29	consequently	consequently	ADV
cblr-1717	758	30	,	,	PUNCT
cblr-1717	758	31	the	the	DET
cblr-1717	758	32	regulation	regulation	NOUN
cblr-1717	758	33	is	be	AUX
cblr-1717	758	34	driven	drive	VERB
cblr-1717	758	35	by	by	ADP
cblr-1717	758	36	political	political	ADJ
cblr-1717	758	37	,	,	PUNCT
cblr-1717	758	38	rather	rather	ADV
cblr-1717	758	39	than	than	ADP
cblr-1717	758	40	shareholder	shareholder	NOUN
cblr-1717	758	41	,	,	PUNCT
cblr-1717	758	42	agendas	agenda	NOUN
cblr-1717	758	43	,	,	PUNCT
cblr-1717	758	44	which	which	PRON
cblr-1717	758	45	rarely	rarely	ADV
cblr-1717	758	46	embrace	embrace	VERB
cblr-1717	758	47	the	the	DET
cblr-1717	758	48	forward	forward	ADV
cblr-1717	758	49	-	-	PUNCT
cblr-1717	758	50	looking	look	VERB
cblr-1717	758	51	goal	goal	NOUN
cblr-1717	758	52	of	of	ADP
cblr-1717	758	53	creating	create	VERB
cblr-1717	758	54	shareholder	shareholder	NOUN
cblr-1717	758	55	value	value	NOUN
cblr-1717	758	56	and	and	CCONJ
cblr-1717	758	57	instead	instead	ADV
cblr-1717	758	58	are	be	AUX
cblr-1717	758	59	prescriptive	prescriptive	ADJ
cblr-1717	758	60	.	.	PUNCT
cblr-1717	759	1	as	as	SCONJ
cblr-1717	759	2	eloquently	eloquently	ADV
cblr-1717	759	3	stated	state	VERB
cblr-1717	759	4	by	by	ADP
cblr-1717	759	5	senator	senator	PROPN
cblr-1717	759	6	chuck	chuck	PROPN
cblr-1717	759	7	grassley	grassley	PROPN
cblr-1717	759	8	(	(	PUNCT
cblr-1717	759	9	r	r	NOUN
cblr-1717	759	10	-	-	PUNCT
cblr-1717	759	11	ia	ia	NOUN
cblr-1717	759	12	)	)	PUNCT
cblr-1717	759	13	of	of	ADP
cblr-1717	759	14	section	section	NOUN
cblr-1717	759	15	162(m	162(m	NUM
cblr-1717	759	16	):	):	PUNCT
cblr-1717	759	17	“	"	PUNCT
cblr-1717	759	18	it	it	PRON
cblr-1717	759	19	was	be	AUX
cblr-1717	759	20	well	well	ADV
cblr-1717	759	21	-	-	PUNCT
cblr-1717	759	22	intentioned	intentione	VERB
cblr-1717	759	23	.	.	PUNCT
cblr-1717	760	1	but	but	CCONJ
cblr-1717	760	2	it	it	PRON
cblr-1717	760	3	really	really	ADV
cblr-1717	760	4	has	have	AUX
cblr-1717	760	5	n’t	not	PART
cblr-1717	760	6	worked	work	VERB
cblr-1717	760	7	at	at	ADV
cblr-1717	760	8	all	all	ADV
cblr-1717	760	9	.	.	PUNCT
cblr-1717	761	1	companies	company	NOUN
cblr-1717	761	2	have	have	AUX
cblr-1717	761	3	found	find	VERB
cblr-1717	761	4	it	it	PRON
cblr-1717	761	5	easy	easy	ADJ
cblr-1717	761	6	to	to	PART
cblr-1717	761	7	get	get	VERB
cblr-1717	761	8	around	around	ADP
cblr-1717	761	9	the	the	DET
cblr-1717	761	10	law	law	NOUN
cblr-1717	761	11	.	.	PUNCT
cblr-1717	762	1	it	it	PRON
cblr-1717	762	2	has	have	VERB
cblr-1717	762	3	more	more	ADJ
cblr-1717	762	4	holes	hole	NOUN
cblr-1717	762	5	than	than	ADP
cblr-1717	762	6	swiss	swiss	ADJ
cblr-1717	762	7	cheese	cheese	NOUN
cblr-1717	762	8	.	.	PUNCT
cblr-1717	762	9	.	.	PUNCT
cblr-1717	762	10	.	.	PUNCT
cblr-1717	763	1	.	.	PUNCT
cblr-1717	764	1	these	these	DET
cblr-1717	764	2	sophisticated	sophisticated	ADJ
cblr-1717	764	3	folks	folk	NOUN
cblr-1717	764	4	are	be	AUX
cblr-1717	764	5	working	work	VERB
cblr-1717	764	6	with	with	ADP
cblr-1717	764	7	swiss	swiss	ADJ
cblr-1717	764	8	-	-	PUNCT
cblr-1717	764	9	watch	watch	NOUN
cblr-1717	764	10	-	-	PUNCT
cblr-1717	764	11	like	like	ADJ
cblr-1717	764	12	devices	device	NOUN
cblr-1717	764	13	to	to	PART
cblr-1717	764	14	game	game	VERB
cblr-1717	764	15	this	this	DET
cblr-1717	764	16	swiss	swiss	ADJ
cblr-1717	764	17	-	-	PUNCT
cblr-1717	764	18	cheese	cheese	NOUN
cblr-1717	764	19	-	-	PUNCT
cblr-1717	764	20	like	like	ADJ
cblr-1717	764	21	rule	rule	NOUN
cblr-1717	764	22	.	.	PUNCT
cblr-1717	764	23	”171	”171	PROPN
cblr-1717	764	24	section	section	NOUN
cblr-1717	764	25	162(m	162(m	NUM
cblr-1717	764	26	)	)	PUNCT
cblr-1717	764	27	’s	’s	PART
cblr-1717	764	28	aim	aim	NOUN
cblr-1717	764	29	was	be	AUX
cblr-1717	764	30	to	to	PART
cblr-1717	764	31	create	create	VERB
cblr-1717	764	32	accountability	accountability	NOUN
cblr-1717	764	33	in	in	ADP
cblr-1717	764	34	executive	executive	ADJ
cblr-1717	764	35	compensation	compensation	NOUN
cblr-1717	764	36	,	,	PUNCT
cblr-1717	764	37	yet	yet	CCONJ
cblr-1717	764	38	it	it	PRON
cblr-1717	764	39	spurred	spur	VERB
cblr-1717	764	40	companies	company	NOUN
cblr-1717	764	41	to	to	PART
cblr-1717	764	42	evade	evade	VERB
cblr-1717	764	43	its	its	PRON
cblr-1717	764	44	requirements	requirement	NOUN
cblr-1717	764	45	through	through	ADP
cblr-1717	764	46	the	the	DET
cblr-1717	764	47	options	option	NOUN
cblr-1717	764	48	industry	industry	NOUN
cblr-1717	764	49	.	.	PUNCT
cblr-1717	765	1	new	new	ADJ
cblr-1717	765	2	regulations	regulation	NOUN
cblr-1717	765	3	are	be	AUX
cblr-1717	765	4	likely	likely	ADJ
cblr-1717	765	5	to	to	PART
cblr-1717	765	6	have	have	VERB
cblr-1717	765	7	a	a	DET
cblr-1717	765	8	similar	similar	ADJ
cblr-1717	765	9	effect	effect	NOUN
cblr-1717	765	10	.	.	PUNCT
cblr-1717	766	1	rather	rather	ADV
cblr-1717	766	2	than	than	ADP
cblr-1717	766	3	issuing	issue	VERB
cblr-1717	766	4	knee	knee	NOUN
cblr-1717	766	5	-	-	PUNCT
cblr-1717	766	6	jerk	jerk	NOUN
cblr-1717	766	7	reactions	reaction	NOUN
cblr-1717	766	8	to	to	ADP
cblr-1717	766	9	corporate	corporate	ADJ
cblr-1717	766	10	scandals	scandal	NOUN
cblr-1717	766	11	that	that	PRON
cblr-1717	766	12	intend	intend	VERB
cblr-1717	766	13	to	to	PART
cblr-1717	766	14	shame	shame	VERB
cblr-1717	766	15	executives	executive	NOUN
cblr-1717	766	16	into	into	ADP
cblr-1717	766	17	accepting	accept	VERB
cblr-1717	766	18	lower	low	ADJ
cblr-1717	766	19	pay	pay	NOUN
cblr-1717	766	20	,	,	PUNCT
cblr-1717	766	21	legislators	legislator	NOUN
cblr-1717	766	22	should	should	AUX
cblr-1717	766	23	consider	consider	VERB
cblr-1717	766	24	re	re	VERB
cblr-1717	766	25	-	-	VERB
cblr-1717	766	26	examining	examine	VERB
cblr-1717	766	27	the	the	DET
cblr-1717	766	28	https://doggett.house.gov/media-center/press-releases/rep-doggett-callsend-tax-write-exorbitant-executive-bonuses	https://doggett.house.gov/media-center/press-releases/rep-doggett-callsend-tax-write-exorbitant-executive-bonuse	NOUN
cblr-1717	766	29	[	[	X
cblr-1717	766	30	https://perma.cc/lq8dathr	https://perma.cc/lq8dathr	X
cblr-1717	766	31	]	]	X
cblr-1717	766	32	.	.	PUNCT
cblr-1717	767	1	170	170	NUM
cblr-1717	767	2	note	note	VERB
cblr-1717	767	3	that	that	SCONJ
cblr-1717	767	4	this	this	DET
cblr-1717	767	5	correlation	correlation	NOUN
cblr-1717	767	6	is	be	AUX
cblr-1717	767	7	associated	associate	VERB
cblr-1717	767	8	with	with	ADP
cblr-1717	767	9	rising	rise	VERB
cblr-1717	767	10	levels	level	NOUN
cblr-1717	767	11	of	of	ADP
cblr-1717	767	12	unemployment	unemployment	NOUN
cblr-1717	767	13	.	.	PUNCT
cblr-1717	768	1	this	this	DET
cblr-1717	768	2	note	note	NOUN
cblr-1717	768	3	does	do	AUX
cblr-1717	768	4	not	not	PART
cblr-1717	768	5	make	make	VERB
cblr-1717	768	6	the	the	DET
cblr-1717	768	7	claim	claim	NOUN
cblr-1717	768	8	that	that	SCONJ
cblr-1717	768	9	income	income	NOUN
cblr-1717	768	10	inequality	inequality	NOUN
cblr-1717	768	11	has	have	AUX
cblr-1717	768	12	caused	cause	VERB
cblr-1717	768	13	the	the	DET
cblr-1717	768	14	financial	financial	ADJ
cblr-1717	768	15	crisis	crisis	NOUN
cblr-1717	768	16	—	—	PUNCT
cblr-1717	768	17	in	in	ADP
cblr-1717	768	18	fact	fact	NOUN
cblr-1717	768	19	,	,	PUNCT
cblr-1717	768	20	the	the	DET
cblr-1717	768	21	evidence	evidence	NOUN
cblr-1717	768	22	stacks	stack	VERB
cblr-1717	768	23	in	in	ADP
cblr-1717	768	24	the	the	DET
cblr-1717	768	25	other	other	ADJ
cblr-1717	768	26	direction	direction	NOUN
cblr-1717	768	27	.	.	PUNCT
cblr-1717	769	1	see	see	VERB
cblr-1717	769	2	michael	michael	PROPN
cblr-1717	769	3	d.	d.	PROPN
cblr-1717	769	4	bordo	bordo	PROPN
cblr-1717	769	5	&	&	CCONJ
cblr-1717	769	6	christopher	christopher	PROPN
cblr-1717	769	7	m.	m.	PROPN
cblr-1717	769	8	meissner	meissner	PROPN
cblr-1717	769	9	,	,	PUNCT
cblr-1717	769	10	does	do	VERB
cblr-1717	769	11	inequality	inequality	NOUN
cblr-1717	769	12	lead	lead	VERB
cblr-1717	769	13	to	to	ADP
cblr-1717	769	14	a	a	DET
cblr-1717	769	15	financial	financial	ADJ
cblr-1717	769	16	crisis	crisis	NOUN
cblr-1717	769	17	?	?	PUNCT
cblr-1717	770	1	1	1	NUM
cblr-1717	770	2	(	(	PUNCT
cblr-1717	770	3	nber	nber	PROPN
cblr-1717	770	4	working	working	PROPN
cblr-1717	770	5	paper	paper	PROPN
cblr-1717	770	6	no	no	INTJ
cblr-1717	770	7	.	.	PROPN
cblr-1717	770	8	17896	17896	NUM
cblr-1717	770	9	,	,	PUNCT
cblr-1717	770	10	2012	2012	NUM
cblr-1717	770	11	)	)	PUNCT
cblr-1717	770	12	,	,	PUNCT
cblr-1717	771	1	http://www.nber.org/papers/w17896.pdf	http://www.nber.org/papers/w17896.pdf	NOUN
cblr-1717	771	2	[	[	X
cblr-1717	771	3	https://perma.cc/ne3mtk86	https://perma.cc/ne3mtk86	X
cblr-1717	771	4	]	]	X
cblr-1717	771	5	(	(	PUNCT
cblr-1717	771	6	arguing	argue	VERB
cblr-1717	771	7	that	that	SCONJ
cblr-1717	771	8	credit	credit	NOUN
cblr-1717	771	9	booms	boom	NOUN
cblr-1717	771	10	heighten	heighten	VERB
cblr-1717	771	11	the	the	DET
cblr-1717	771	12	probability	probability	NOUN
cblr-1717	771	13	of	of	ADP
cblr-1717	771	14	a	a	DET
cblr-1717	771	15	banking	banking	NOUN
cblr-1717	771	16	crisis	crisis	NOUN
cblr-1717	771	17	,	,	PUNCT
cblr-1717	771	18	but	but	CCONJ
cblr-1717	771	19	finding	find	VERB
cblr-1717	771	20	no	no	DET
cblr-1717	771	21	evidence	evidence	NOUN
cblr-1717	771	22	that	that	SCONJ
cblr-1717	771	23	a	a	DET
cblr-1717	771	24	rise	rise	NOUN
cblr-1717	771	25	in	in	ADP
cblr-1717	771	26	top	top	ADJ
cblr-1717	771	27	income	income	NOUN
cblr-1717	771	28	shares	share	NOUN
cblr-1717	771	29	leads	lead	VERB
cblr-1717	771	30	to	to	ADP
cblr-1717	771	31	credit	credit	NOUN
cblr-1717	771	32	booms	boom	NOUN
cblr-1717	771	33	)	)	PUNCT
cblr-1717	771	34	.	.	PUNCT
cblr-1717	772	1	171	171	NUM
cblr-1717	772	2	press	press	NOUN
cblr-1717	772	3	release	release	NOUN
cblr-1717	772	4	,	,	PUNCT
cblr-1717	772	5	jack	jack	PROPN
cblr-1717	772	6	reed	reed	PROPN
cblr-1717	772	7	,	,	PUNCT
cblr-1717	772	8	reed	reed	NOUN
cblr-1717	772	9	-	-	PUNCT
cblr-1717	772	10	blumenthal	blumenthal	NOUN
cblr-1717	772	11	introduce	introduce	VERB
cblr-1717	772	12	the	the	DET
cblr-1717	772	13	stop	stop	NOUN
cblr-1717	772	14	subsidizing	subsidize	VERB
cblr-1717	772	15	multimillion	multimillion	NOUN
cblr-1717	772	16	dollar	dollar	NOUN
cblr-1717	772	17	corporate	corporate	ADJ
cblr-1717	772	18	bonuses	bonus	NOUN
cblr-1717	772	19	act	act	VERB
cblr-1717	772	20	(	(	PUNCT
cblr-1717	772	21	aug	aug	PROPN
cblr-1717	772	22	.	.	PROPN
cblr-1717	772	23	2	2	NUM
cblr-1717	772	24	,	,	PUNCT
cblr-1717	772	25	2013	2013	NUM
cblr-1717	772	26	)	)	PUNCT
cblr-1717	772	27	,	,	PUNCT
cblr-1717	772	28	http://www.reed.senate.gov/news/releases/reed-blumenthal-introduce-thestop-subsidizing-multimillion-dollar-corporate-bonuses-act	http://www.reed.senate.gov/news/releases/reed-blumenthal-introduce-thestop-subsidizing-multimillion-dollar-corporate-bonuses-act	PROPN
cblr-1717	773	1	[	[	X
cblr-1717	773	2	https://perma.cc/zbx3-6ju2	https://perma.cc/zbx3-6ju2	PROPN
cblr-1717	773	3	]	]	PUNCT
cblr-1717	773	4	.	.	PUNCT
cblr-1717	774	1	ades	ades	PROPN
cblr-1717	774	2	-	-	PUNCT
cblr-1717	774	3	laurent	laurent	NOUN
cblr-1717	774	4	–	–	PUNCT
cblr-1717	774	5	final	final	ADJ
cblr-1717	774	6	no	no	NOUN
cblr-1717	774	7	.	.	PUNCT
cblr-1717	775	1	1:347	1:347	NUM
cblr-1717	775	2	]	]	PUNCT
cblr-1717	775	3	disappearing	disappear	VERB
cblr-1717	775	4	stock	stock	NOUN
cblr-1717	775	5	options	option	NOUN
cblr-1717	775	6	397	397	NUM
cblr-1717	775	7	efficacy	efficacy	NOUN
cblr-1717	775	8	of	of	ADP
cblr-1717	775	9	such	such	ADJ
cblr-1717	775	10	policies	policy	NOUN
cblr-1717	775	11	,	,	PUNCT
cblr-1717	775	12	and	and	CCONJ
cblr-1717	775	13	whether	whether	SCONJ
cblr-1717	775	14	it	it	PRON
cblr-1717	775	15	might	might	AUX
cblr-1717	775	16	be	be	AUX
cblr-1717	775	17	better	well	ADJ
cblr-1717	775	18	for	for	SCONJ
cblr-1717	775	19	the	the	DET
cblr-1717	775	20	companies	company	NOUN
cblr-1717	775	21	to	to	PART
cblr-1717	775	22	resolve	resolve	VERB
cblr-1717	775	23	these	these	DET
cblr-1717	775	24	agency	agency	NOUN
cblr-1717	775	25	problems	problem	NOUN
cblr-1717	775	26	on	on	ADP
cblr-1717	775	27	their	their	PRON
cblr-1717	775	28	own	own	ADJ
cblr-1717	775	29	.	.	PUNCT
cblr-1717	776	1	v.	v.	ADP
cblr-1717	776	2	conclusion	conclusion	NOUN
cblr-1717	776	3	for	for	ADP
cblr-1717	776	4	the	the	DET
cblr-1717	776	5	past	past	ADJ
cblr-1717	776	6	few	few	ADJ
cblr-1717	776	7	decades	decade	NOUN
cblr-1717	776	8	,	,	PUNCT
cblr-1717	776	9	public	public	ADJ
cblr-1717	776	10	companies	company	NOUN
cblr-1717	776	11	have	have	AUX
cblr-1717	776	12	compensated	compensate	VERB
cblr-1717	776	13	their	their	PRON
cblr-1717	776	14	senior	senior	ADJ
cblr-1717	776	15	executives	executive	NOUN
cblr-1717	776	16	largely	largely	ADV
cblr-1717	776	17	with	with	ADP
cblr-1717	776	18	options	option	NOUN
cblr-1717	776	19	—	—	PUNCT
cblr-1717	776	20	which	which	PRON
cblr-1717	776	21	are	be	AUX
cblr-1717	776	22	not	not	PART
cblr-1717	776	23	treated	treat	VERB
cblr-1717	776	24	as	as	ADP
cblr-1717	776	25	an	an	DET
cblr-1717	776	26	expense	expense	NOUN
cblr-1717	776	27	on	on	ADP
cblr-1717	776	28	the	the	DET
cblr-1717	776	29	company	company	NOUN
cblr-1717	776	30	’s	’s	PART
cblr-1717	776	31	books	book	NOUN
cblr-1717	776	32	,	,	PUNCT
cblr-1717	776	33	are	be	AUX
cblr-1717	776	34	tax	tax	NOUN
cblr-1717	776	35	-	-	PUNCT
cblr-1717	776	36	favored	favor	VERB
cblr-1717	776	37	,	,	PUNCT
cblr-1717	776	38	and	and	CCONJ
cblr-1717	776	39	(	(	PUNCT
cblr-1717	776	40	at	at	ADP
cblr-1717	776	41	least	least	ADJ
cblr-1717	776	42	in	in	ADP
cblr-1717	776	43	the	the	DET
cblr-1717	776	44	short	short	ADJ
cblr-1717	776	45	-	-	PUNCT
cblr-1717	776	46	term	term	NOUN
cblr-1717	776	47	)	)	PUNCT
cblr-1717	776	48	have	have	AUX
cblr-1717	776	49	linked	link	VERB
cblr-1717	776	50	executive	executive	ADJ
cblr-1717	776	51	pay	pay	NOUN
cblr-1717	776	52	to	to	ADP
cblr-1717	776	53	firm	firm	ADJ
cblr-1717	776	54	performance	performance	NOUN
cblr-1717	776	55	.	.	PUNCT
cblr-1717	777	1	this	this	DET
cblr-1717	777	2	trend	trend	NOUN
cblr-1717	777	3	,	,	PUNCT
cblr-1717	777	4	however	however	ADV
cblr-1717	777	5	,	,	PUNCT
cblr-1717	777	6	has	have	AUX
cblr-1717	777	7	shifted	shift	VERB
cblr-1717	777	8	in	in	ADP
cblr-1717	777	9	the	the	DET
cblr-1717	777	10	past	past	ADJ
cblr-1717	777	11	ten	ten	NUM
cblr-1717	777	12	years	year	NOUN
cblr-1717	777	13	:	:	PUNCT
cblr-1717	777	14	stock	stock	NOUN
cblr-1717	777	15	grants	grant	NOUN
cblr-1717	777	16	replaced	replace	VERB
cblr-1717	777	17	options	option	NOUN
cblr-1717	777	18	as	as	ADP
cblr-1717	777	19	the	the	DET
cblr-1717	777	20	dominant	dominant	ADJ
cblr-1717	777	21	form	form	NOUN
cblr-1717	777	22	of	of	ADP
cblr-1717	777	23	equity	equity	NOUN
cblr-1717	777	24	pay	pay	NOUN
cblr-1717	777	25	.	.	PUNCT
cblr-1717	778	1	this	this	DET
cblr-1717	778	2	note	note	NOUN
cblr-1717	778	3	presents	present	VERB
cblr-1717	778	4	the	the	DET
cblr-1717	778	5	first	first	ADJ
cblr-1717	778	6	comprehensive	comprehensive	ADJ
cblr-1717	778	7	study	study	NOUN
cblr-1717	778	8	of	of	ADP
cblr-1717	778	9	the	the	DET
cblr-1717	778	10	change	change	NOUN
cblr-1717	778	11	in	in	ADP
cblr-1717	778	12	the	the	DET
cblr-1717	778	13	equity	equity	NOUN
cblr-1717	778	14	composition	composition	NOUN
cblr-1717	778	15	of	of	ADP
cblr-1717	778	16	executive	executive	ADJ
cblr-1717	778	17	compensation	compensation	NOUN
cblr-1717	778	18	suites	suite	NOUN
cblr-1717	778	19	after	after	ADP
cblr-1717	778	20	the	the	DET
cblr-1717	778	21	financial	financial	ADJ
cblr-1717	778	22	crisis	crisis	NOUN
cblr-1717	778	23	.	.	PUNCT
cblr-1717	779	1	the	the	DET
cblr-1717	779	2	evidence	evidence	NOUN
cblr-1717	779	3	shows	show	VERB
cblr-1717	779	4	that	that	SCONJ
cblr-1717	779	5	stock	stock	NOUN
cblr-1717	779	6	grants	grant	NOUN
cblr-1717	779	7	now	now	ADV
cblr-1717	779	8	comprise	comprise	VERB
cblr-1717	779	9	the	the	DET
cblr-1717	779	10	majority	majority	NOUN
cblr-1717	779	11	share	share	NOUN
cblr-1717	779	12	of	of	ADP
cblr-1717	779	13	executive	executive	ADJ
cblr-1717	779	14	equity	equity	NOUN
cblr-1717	779	15	pay	pay	NOUN
cblr-1717	779	16	suites	suite	NOUN
cblr-1717	779	17	.	.	PUNCT
cblr-1717	780	1	the	the	DET
cblr-1717	780	2	movement	movement	NOUN
cblr-1717	780	3	away	away	ADV
cblr-1717	780	4	from	from	ADP
cblr-1717	780	5	stock	stock	NOUN
cblr-1717	780	6	options	option	NOUN
cblr-1717	780	7	and	and	CCONJ
cblr-1717	780	8	towards	towards	ADP
cblr-1717	780	9	stock	stock	NOUN
cblr-1717	780	10	grants	grant	NOUN
cblr-1717	780	11	—	—	PUNCT
cblr-1717	780	12	in	in	ADP
cblr-1717	780	13	effect	effect	NOUN
cblr-1717	780	14	,	,	PUNCT
cblr-1717	780	15	a	a	DET
cblr-1717	780	16	referendum	referendum	NOUN
cblr-1717	780	17	on	on	ADP
cblr-1717	780	18	corporate	corporate	ADJ
cblr-1717	780	19	risk	risk	NOUN
cblr-1717	780	20	-	-	PUNCT
cblr-1717	780	21	taking	taking	NOUN
cblr-1717	780	22	—	—	PUNCT
cblr-1717	780	23	cannot	cannot	ADV
cblr-1717	780	24	be	be	AUX
cblr-1717	780	25	explained	explain	VERB
cblr-1717	780	26	away	away	ADP
cblr-1717	780	27	by	by	ADP
cblr-1717	780	28	differences	difference	NOUN
cblr-1717	780	29	in	in	ADP
cblr-1717	780	30	executive	executive	ADJ
cblr-1717	780	31	age	age	NOUN
cblr-1717	780	32	or	or	CCONJ
cblr-1717	780	33	firm	firm	ADJ
cblr-1717	780	34	size	size	NOUN
cblr-1717	780	35	.	.	PUNCT
cblr-1717	781	1	instead	instead	ADV
cblr-1717	781	2	,	,	PUNCT
cblr-1717	781	3	the	the	DET
cblr-1717	781	4	increase	increase	NOUN
cblr-1717	781	5	in	in	ADP
cblr-1717	781	6	the	the	DET
cblr-1717	781	7	proportion	proportion	NOUN
cblr-1717	781	8	of	of	ADP
cblr-1717	781	9	stock	stock	NOUN
cblr-1717	781	10	compensation	compensation	NOUN
cblr-1717	781	11	arises	arise	VERB
cblr-1717	781	12	from	from	ADP
cblr-1717	781	13	the	the	DET
cblr-1717	781	14	impact	impact	NOUN
cblr-1717	781	15	of	of	ADP
cblr-1717	781	16	the	the	DET
cblr-1717	781	17	panoply	panoply	NOUN
cblr-1717	781	18	of	of	ADP
cblr-1717	781	19	federal	federal	ADJ
cblr-1717	781	20	efforts	effort	NOUN
cblr-1717	781	21	to	to	PART
cblr-1717	781	22	control	control	VERB
cblr-1717	781	23	executive	executive	ADJ
cblr-1717	781	24	compensation	compensation	NOUN
cblr-1717	781	25	and	and	CCONJ
cblr-1717	781	26	mitigate	mitigate	VERB
cblr-1717	781	27	risk	risk	NOUN
cblr-1717	781	28	.	.	PUNCT
cblr-1717	782	1	this	this	DET
cblr-1717	782	2	finding	finding	NOUN
cblr-1717	782	3	has	have	VERB
cblr-1717	782	4	important	important	ADJ
cblr-1717	782	5	implications	implication	NOUN
cblr-1717	782	6	for	for	ADP
cblr-1717	782	7	investors	investor	NOUN
cblr-1717	782	8	and	and	CCONJ
cblr-1717	782	9	regulators	regulator	NOUN
cblr-1717	782	10	who	who	PRON
cblr-1717	782	11	wish	wish	VERB
cblr-1717	782	12	to	to	PART
cblr-1717	782	13	offset	offset	VERB
cblr-1717	782	14	managerial	managerial	ADJ
cblr-1717	782	15	influence	influence	NOUN
cblr-1717	782	16	over	over	ADP
cblr-1717	782	17	executive	executive	ADJ
cblr-1717	782	18	compensation	compensation	NOUN
cblr-1717	782	19	at	at	ADP
cblr-1717	782	20	public	public	ADJ
cblr-1717	782	21	companies	company	NOUN
cblr-1717	782	22	.	.	PUNCT
cblr-1717	783	1	investors	investor	NOUN
cblr-1717	783	2	should	should	AUX
cblr-1717	783	3	consider	consider	VERB
cblr-1717	783	4	the	the	DET
cblr-1717	783	5	degree	degree	NOUN
cblr-1717	783	6	of	of	ADP
cblr-1717	783	7	risk	risk	NOUN
cblr-1717	783	8	with	with	ADP
cblr-1717	783	9	which	which	PRON
cblr-1717	783	10	they	they	PRON
cblr-1717	783	11	are	be	AUX
cblr-1717	783	12	comfortable	comfortable	ADJ
cblr-1717	783	13	and	and	CCONJ
cblr-1717	783	14	consider	consider	VERB
cblr-1717	783	15	contractual	contractual	ADJ
cblr-1717	783	16	efforts	effort	NOUN
cblr-1717	783	17	to	to	PART
cblr-1717	783	18	shift	shift	VERB
cblr-1717	783	19	ceo	ceo	NOUN
cblr-1717	783	20	incentives	incentive	NOUN
cblr-1717	783	21	towards	towards	ADP
cblr-1717	783	22	long	long	ADJ
cblr-1717	783	23	-	-	PUNCT
cblr-1717	783	24	term	term	NOUN
cblr-1717	783	25	strategies	strategy	NOUN
cblr-1717	783	26	.	.	PUNCT
cblr-1717	784	1	regulators	regulator	NOUN
cblr-1717	784	2	should	should	AUX
cblr-1717	784	3	acknowledge	acknowledge	VERB
cblr-1717	784	4	the	the	DET
cblr-1717	784	5	perverse	perverse	ADJ
cblr-1717	784	6	incentives	incentive	NOUN
cblr-1717	784	7	created	create	VERB
cblr-1717	784	8	by	by	ADP
cblr-1717	784	9	current	current	ADJ
cblr-1717	784	10	tax	tax	NOUN
cblr-1717	784	11	and	and	CCONJ
cblr-1717	784	12	disclosure	disclosure	NOUN
cblr-1717	784	13	laws	law	NOUN
cblr-1717	784	14	.	.	PUNCT
cblr-1717	785	1	part	part	NOUN
cblr-1717	785	2	of	of	ADP
cblr-1717	785	3	the	the	DET
cblr-1717	785	4	problem	problem	NOUN
cblr-1717	785	5	is	be	AUX
cblr-1717	785	6	that	that	SCONJ
cblr-1717	785	7	regulation	regulation	NOUN
cblr-1717	785	8	generally	generally	ADV
cblr-1717	785	9	targets	target	VERB
cblr-1717	785	10	fairly	fairly	ADV
cblr-1717	785	11	narrow	narrow	ADJ
cblr-1717	785	12	elements	element	NOUN
cblr-1717	785	13	of	of	ADP
cblr-1717	785	14	compensation	compensation	NOUN
cblr-1717	785	15	,	,	PUNCT
cblr-1717	785	16	allowing	allow	VERB
cblr-1717	785	17	plenty	plenty	NOUN
cblr-1717	785	18	of	of	ADP
cblr-1717	785	19	room	room	NOUN
cblr-1717	785	20	for	for	ADP
cblr-1717	785	21	circumvention	circumvention	NOUN
cblr-1717	785	22	that	that	PRON
cblr-1717	785	23	comes	come	VERB
cblr-1717	785	24	at	at	ADP
cblr-1717	785	25	a	a	DET
cblr-1717	785	26	cost	cost	NOUN
cblr-1717	785	27	to	to	ADP
cblr-1717	785	28	the	the	DET
cblr-1717	785	29	company	company	NOUN
cblr-1717	785	30	and	and	CCONJ
cblr-1717	785	31	shareholders	shareholder	NOUN
cblr-1717	785	32	alike	alike	ADV
cblr-1717	785	33	.	.	PUNCT
cblr-1717	786	1	additionally	additionally	ADV
cblr-1717	786	2	,	,	PUNCT
cblr-1717	786	3	by	by	ADP
cblr-1717	786	4	forcing	force	VERB
cblr-1717	786	5	executive	executive	ADJ
cblr-1717	786	6	pay	pay	NOUN
cblr-1717	786	7	to	to	PART
cblr-1717	786	8	fit	fit	VERB
cblr-1717	786	9	neatly	neatly	ADV
cblr-1717	786	10	into	into	ADP
cblr-1717	786	11	the	the	DET
cblr-1717	786	12	box	box	NOUN
cblr-1717	786	13	of	of	ADP
cblr-1717	786	14	their	their	PRON
cblr-1717	786	15	choosing	choosing	NOUN
cblr-1717	786	16	,	,	PUNCT
cblr-1717	786	17	regulators	regulator	NOUN
cblr-1717	786	18	have	have	AUX
cblr-1717	786	19	missed	miss	VERB
cblr-1717	786	20	the	the	DET
cblr-1717	786	21	forest	forest	NOUN
cblr-1717	786	22	for	for	ADP
cblr-1717	786	23	the	the	DET
cblr-1717	786	24	trees	tree	NOUN
cblr-1717	786	25	:	:	PUNCT
cblr-1717	786	26	their	their	PRON
cblr-1717	786	27	focus	focus	NOUN
cblr-1717	786	28	limits	limit	VERB
cblr-1717	786	29	types	type	NOUN
cblr-1717	786	30	and	and	CCONJ
cblr-1717	786	31	amounts	amount	NOUN
cblr-1717	786	32	of	of	ADP
cblr-1717	786	33	pay	pay	NOUN
cblr-1717	786	34	,	,	PUNCT
cblr-1717	786	35	rather	rather	ADV
cblr-1717	786	36	than	than	ADP
cblr-1717	786	37	addressing	address	VERB
cblr-1717	786	38	executive	executive	ADJ
cblr-1717	786	39	incentives	incentive	NOUN
cblr-1717	786	40	.	.	PUNCT
cblr-1717	787	1	moreover	moreover	ADV
cblr-1717	787	2	,	,	PUNCT
cblr-1717	787	3	the	the	DET
cblr-1717	787	4	recent	recent	ADJ
cblr-1717	787	5	rules	rule	NOUN
cblr-1717	787	6	proposed	propose	VERB
cblr-1717	787	7	on	on	ADP
cblr-1717	787	8	executive	executive	ADJ
cblr-1717	787	9	pay	pay	NOUN
cblr-1717	787	10	are	be	AUX
cblr-1717	787	11	likely	likely	ADJ
cblr-1717	787	12	to	to	PART
cblr-1717	787	13	only	only	ADV
cblr-1717	787	14	aggravate	aggravate	VERB
cblr-1717	787	15	these	these	DET
cblr-1717	787	16	problems	problem	NOUN
cblr-1717	787	17	.	.	PUNCT
cblr-1717	788	1	regulators	regulator	NOUN
cblr-1717	788	2	should	should	AUX
cblr-1717	788	3	re	re	VERB
cblr-1717	788	4	-	-	VERB
cblr-1717	788	5	examine	examine	VERB
cblr-1717	788	6	current	current	ADJ
cblr-1717	788	7	policies	policy	NOUN
cblr-1717	788	8	ades	ade	NOUN
cblr-1717	788	9	-	-	PUNCT
cblr-1717	788	10	laurent	laurent	NOUN
cblr-1717	788	11	–	–	PUNCT
cblr-1717	788	12	final	final	ADJ
cblr-1717	788	13	398	398	NUM
cblr-1717	788	14	columbia	columbia	PROPN
cblr-1717	788	15	business	business	NOUN
cblr-1717	788	16	law	law	PROPN
cblr-1717	788	17	review	review	NOUN
cblr-1717	789	1	[	[	X
cblr-1717	789	2	vol	vol	NOUN
cblr-1717	789	3	.	.	NOUN
cblr-1717	789	4	2017	2017	NUM
cblr-1717	789	5	with	with	ADP
cblr-1717	789	6	an	an	DET
cblr-1717	789	7	eye	eye	NOUN
cblr-1717	789	8	to	to	ADP
cblr-1717	789	9	realigning	realign	VERB
cblr-1717	789	10	executive	executive	ADJ
cblr-1717	789	11	incentives	incentive	NOUN
cblr-1717	789	12	with	with	ADP
cblr-1717	789	13	those	those	PRON
cblr-1717	789	14	of	of	ADP
cblr-1717	789	15	their	their	PRON
cblr-1717	789	16	shareholders	shareholder	NOUN
cblr-1717	789	17	;	;	PUNCT
cblr-1717	789	18	this	this	PRON
cblr-1717	789	19	may	may	AUX
cblr-1717	789	20	take	take	VERB
cblr-1717	789	21	time	time	NOUN
cblr-1717	789	22	,	,	PUNCT
cblr-1717	789	23	but	but	CCONJ
cblr-1717	789	24	the	the	DET
cblr-1717	789	25	quick	quick	ADJ
cblr-1717	789	26	fixes	fix	NOUN
cblr-1717	789	27	through	through	ADP
cblr-1717	789	28	the	the	DET
cblr-1717	789	29	tax	tax	NOUN
cblr-1717	789	30	code	code	NOUN
cblr-1717	789	31	,	,	PUNCT
cblr-1717	789	32	sec	sec	PROPN
cblr-1717	789	33	disclosure	disclosure	NOUN
cblr-1717	789	34	requirements	requirement	NOUN
cblr-1717	789	35	,	,	PUNCT
cblr-1717	789	36	and	and	CCONJ
cblr-1717	789	37	federal	federal	ADJ
cblr-1717	789	38	legislation	legislation	NOUN
cblr-1717	789	39	have	have	AUX
cblr-1717	789	40	thus	thus	ADV
cblr-1717	789	41	far	far	ADV
cblr-1717	789	42	proven	prove	VERB
cblr-1717	789	43	counterproductive	counterproductive	ADJ
cblr-1717	789	44	or	or	CCONJ
cblr-1717	789	45	caused	cause	VERB
cblr-1717	789	46	unforeseen	unforeseen	ADJ
cblr-1717	789	47	negative	negative	ADJ
cblr-1717	789	48	results	result	NOUN
cblr-1717	789	49	.	.	PUNCT
cblr-1717	790	1	the	the	DET
cblr-1717	790	2	data	datum	NOUN
cblr-1717	790	3	presented	present	VERB
cblr-1717	790	4	here	here	ADV
cblr-1717	790	5	can	can	AUX
cblr-1717	790	6	not	not	PART
cblr-1717	790	7	speak	speak	VERB
cblr-1717	790	8	to	to	ADP
cblr-1717	790	9	the	the	DET
cblr-1717	790	10	effects	effect	NOUN
cblr-1717	790	11	of	of	ADP
cblr-1717	790	12	the	the	DET
cblr-1717	790	13	dodd	dodd	PROPN
cblr-1717	790	14	-	-	PUNCT
cblr-1717	790	15	frank	frank	PROPN
cblr-1717	790	16	act	act	PROPN
cblr-1717	790	17	,	,	PUNCT
cblr-1717	790	18	since	since	SCONJ
cblr-1717	790	19	section	section	NOUN
cblr-1717	790	20	953(a	953(a	PROPN
cblr-1717	790	21	)	)	PUNCT
cblr-1717	790	22	will	will	AUX
cblr-1717	790	23	take	take	VERB
cblr-1717	790	24	effect	effect	NOUN
cblr-1717	790	25	through	through	ADP
cblr-1717	790	26	the	the	DET
cblr-1717	790	27	forthcoming	forthcoming	ADJ
cblr-1717	790	28	2016	2016	NUM
cblr-1717	790	29	schedules	schedule	NOUN
cblr-1717	790	30	.	.	PUNCT
cblr-1717	791	1	whether	whether	SCONJ
cblr-1717	791	2	the	the	DET
cblr-1717	791	3	revised	revise	VERB
cblr-1717	791	4	disclosure	disclosure	NOUN
cblr-1717	791	5	requirements	requirement	NOUN
cblr-1717	791	6	will	will	AUX
cblr-1717	791	7	lead	lead	VERB
cblr-1717	791	8	public	public	ADJ
cblr-1717	791	9	companies	company	NOUN
cblr-1717	791	10	to	to	PART
cblr-1717	791	11	follow	follow	VERB
cblr-1717	791	12	a	a	DET
cblr-1717	791	13	historically	historically	ADV
cblr-1717	791	14	similar	similar	ADJ
cblr-1717	791	15	path	path	NOUN
cblr-1717	791	16	has	have	VERB
cblr-1717	791	17	yet	yet	ADV
cblr-1717	791	18	to	to	PART
cblr-1717	791	19	be	be	AUX
cblr-1717	791	20	determined	determine	VERB
cblr-1717	791	21	.	.	PUNCT
cblr-1717	792	1	this	this	DET
cblr-1717	792	2	note	note	NOUN
cblr-1717	792	3	offers	offer	VERB
cblr-1717	792	4	an	an	DET
cblr-1717	792	5	early	early	ADJ
cblr-1717	792	6	glimpse	glimpse	NOUN
cblr-1717	792	7	into	into	ADP
cblr-1717	792	8	the	the	DET
cblr-1717	792	9	composition	composition	NOUN
cblr-1717	792	10	of	of	ADP
cblr-1717	792	11	executive	executive	ADJ
cblr-1717	792	12	pay	pay	NOUN
cblr-1717	792	13	after	after	ADP
cblr-1717	792	14	the	the	DET
cblr-1717	792	15	financial	financial	ADJ
cblr-1717	792	16	crisis	crisis	NOUN
cblr-1717	792	17	.	.	PUNCT