id	sid	tid	token	lemma	pos
cblr-2896	1	1	corporate	corporate	ADJ
cblr-2896	1	2	governance	governance	NOUN
cblr-2896	1	3	and	and	CCONJ
cblr-2896	1	4	executive	executive	NOUN
cblr-2896	1	5	compensation	compensation	NOUN
cblr-2896	1	6	in	in	ADP
cblr-2896	1	7	financial	financial	ADJ
cblr-2896	1	8	firms	firm	NOUN
cblr-2896	1	9	:	:	PUNCT
cblr-2896	1	10	the	the	DET
cblr-2896	1	11	case	case	NOUN
cblr-2896	1	12	for	for	ADP
cblr-2896	1	13	convertible	convertible	ADJ
cblr-2896	1	14	equity	equity	NOUN
cblr-2896	1	15	-	-	PUNCT
cblr-2896	1	16	based	base	VERB
cblr-2896	1	17	pay	pay	NOUN
cblr-2896	1	18	corporate	corporate	ADJ
cblr-2896	1	19	governance	governance	NOUN
cblr-2896	1	20	and	and	CCONJ
cblr-2896	1	21	executive	executive	NOUN
cblr-2896	1	22	compensation	compensation	NOUN
cblr-2896	1	23	in	in	ADP
cblr-2896	1	24	financial	financial	ADJ
cblr-2896	1	25	firms	firm	NOUN
cblr-2896	1	26	:	:	PUNCT
cblr-2896	1	27	the	the	DET
cblr-2896	1	28	case	case	NOUN
cblr-2896	1	29	for	for	ADP
cblr-2896	1	30	convertible	convertible	ADJ
cblr-2896	1	31	equity	equity	NOUN
cblr-2896	1	32	-	-	PUNCT
cblr-2896	1	33	based	base	VERB
cblr-2896	1	34	pay	pay	NOUN
cblr-2896	1	35	jeffrey	jeffrey	PROPN
cblr-2896	1	36	n.	n.	PROPN
cblr-2896	1	37	gordon	gordon	PROPN
cblr-2896	2	1	*	*	PUNCT
cblr-2896	2	2	unlike	unlike	ADP
cblr-2896	2	3	the	the	DET
cblr-2896	2	4	failure	failure	NOUN
cblr-2896	2	5	of	of	ADP
cblr-2896	2	6	a	a	DET
cblr-2896	2	7	nonfinancial	nonfinancial	ADJ
cblr-2896	2	8	firm	firm	NOUN
cblr-2896	2	9	,	,	PUNCT
cblr-2896	2	10	the	the	DET
cblr-2896	2	11	failure	failure	NOUN
cblr-2896	2	12	of	of	ADP
cblr-2896	2	13	a	a	DET
cblr-2896	2	14	systemically	systemically	ADV
cblr-2896	2	15	important	important	ADJ
cblr-2896	2	16	financial	financial	ADJ
cblr-2896	2	17	firm	firm	NOUN
cblr-2896	2	18	will	will	AUX
cblr-2896	2	19	reduce	reduce	VERB
cblr-2896	2	20	the	the	DET
cblr-2896	2	21	value	value	NOUN
cblr-2896	2	22	of	of	ADP
cblr-2896	2	23	a	a	DET
cblr-2896	2	24	diversified	diversified	ADJ
cblr-2896	2	25	shareholder	shareholder	NOUN
cblr-2896	2	26	portfolio	portfolio	NOUN
cblr-2896	2	27	because	because	SCONJ
cblr-2896	2	28	of	of	ADP
cblr-2896	2	29	economy	economy	NOUN
cblr-2896	2	30	-	-	PUNCT
cblr-2896	2	31	wide	wide	ADJ
cblr-2896	2	32	reductions	reduction	NOUN
cblr-2896	2	33	in	in	ADP
cblr-2896	2	34	expected	expect	VERB
cblr-2896	2	35	returns	return	NOUN
cblr-2896	2	36	and	and	CCONJ
cblr-2896	2	37	a	a	DET
cblr-2896	2	38	consequent	consequent	ADJ
cblr-2896	2	39	increase	increase	NOUN
cblr-2896	2	40	in	in	ADP
cblr-2896	2	41	systematic	systematic	ADJ
cblr-2896	2	42	risk	risk	NOUN
cblr-2896	2	43	.	.	PUNCT
cblr-2896	3	1	thus	thus	ADV
cblr-2896	3	2	,	,	PUNCT
cblr-2896	3	3	diversified	diversify	VERB
cblr-2896	3	4	shareholders	shareholder	NOUN
cblr-2896	3	5	of	of	ADP
cblr-2896	3	6	a	a	DET
cblr-2896	3	7	financial	financial	ADJ
cblr-2896	3	8	firm	firm	NOUN
cblr-2896	3	9	generally	generally	ADV
cblr-2896	3	10	internalize	internalize	VERB
cblr-2896	3	11	systemic	systemic	ADJ
cblr-2896	3	12	risk	risk	NOUN
cblr-2896	3	13	,	,	PUNCT
cblr-2896	3	14	whereas	whereas	SCONJ
cblr-2896	3	15	managerial	managerial	ADJ
cblr-2896	3	16	shareholders	shareholder	NOUN
cblr-2896	3	17	and	and	CCONJ
cblr-2896	3	18	blockholders	blockholder	NOUN
cblr-2896	3	19	do	do	VERB
cblr-2896	3	20	not	not	PART
cblr-2896	3	21	.	.	PUNCT
cblr-2896	4	1	this	this	PRON
cblr-2896	4	2	means	mean	VERB
cblr-2896	4	3	that	that	SCONJ
cblr-2896	4	4	the	the	DET
cblr-2896	4	5	governance	governance	NOUN
cblr-2896	4	6	model	model	NOUN
cblr-2896	4	7	drawn	draw	VERB
cblr-2896	4	8	from	from	ADP
cblr-2896	4	9	nonfinancial	nonfinancial	ADJ
cblr-2896	4	10	firms	firm	NOUN
cblr-2896	4	11	will	will	AUX
cblr-2896	4	12	not	not	PART
cblr-2896	4	13	fit	fit	VERB
cblr-2896	4	14	financial	financial	ADJ
cblr-2896	4	15	firms	firm	NOUN
cblr-2896	4	16	.	.	PUNCT
cblr-2896	5	1	regulations	regulation	NOUN
cblr-2896	5	2	that	that	PRON
cblr-2896	5	3	limit	limit	VERB
cblr-2896	5	4	risk	risk	NOUN
cblr-2896	5	5	-	-	PUNCT
cblr-2896	5	6	taking	taking	NOUN
cblr-2896	5	7	by	by	ADP
cblr-2896	5	8	financial	financial	ADJ
cblr-2896	5	9	firms	firm	NOUN
cblr-2896	5	10	can	can	AUX
cblr-2896	5	11	thus	thus	ADV
cblr-2896	5	12	provide	provide	VERB
cblr-2896	5	13	a	a	DET
cblr-2896	5	14	benefit	benefit	NOUN
cblr-2896	5	15	,	,	PUNCT
cblr-2896	5	16	rather	rather	ADV
cblr-2896	5	17	than	than	SCONJ
cblr-2896	5	18	necessarily	necessarily	ADV
cblr-2896	5	19	impose	impose	VERB
cblr-2896	5	20	a	a	DET
cblr-2896	5	21	cost	cost	NOUN
cblr-2896	5	22	,	,	PUNCT
cblr-2896	5	23	for	for	ADP
cblr-2896	5	24	the	the	DET
cblr-2896	5	25	typical	typical	ADJ
cblr-2896	5	26	diversified	diversified	ADJ
cblr-2896	5	27	public	public	ADJ
cblr-2896	5	28	shareholder	shareholder	NOUN
cblr-2896	5	29	.	.	PUNCT
cblr-2896	6	1	managerial	managerial	ADJ
cblr-2896	6	2	shareholding	shareholding	NOUN
cblr-2896	6	3	also	also	ADV
cblr-2896	6	4	gives	give	VERB
cblr-2896	6	5	rise	rise	NOUN
cblr-2896	6	6	to	to	ADP
cblr-2896	6	7	a	a	DET
cblr-2896	6	8	particular	particular	ADJ
cblr-2896	6	9	problem	problem	NOUN
cblr-2896	6	10	of	of	ADP
cblr-2896	6	11	the	the	DET
cblr-2896	6	12	ceo	ceo	NOUN
cblr-2896	6	13	who	who	PRON
cblr-2896	6	14	,	,	PUNCT
cblr-2896	6	15	despite	despite	SCONJ
cblr-2896	6	16	the	the	DET
cblr-2896	6	17	increasing	increase	VERB
cblr-2896	6	18	precariousness	precariousness	NOUN
cblr-2896	6	19	of	of	ADP
cblr-2896	6	20	the	the	DET
cblr-2896	6	21	firm	firm	NOUN
cblr-2896	6	22	's	's	PART
cblr-2896	6	23	position	position	NOUN
cblr-2896	6	24	,	,	PUNCT
cblr-2896	6	25	may	may	AUX
cblr-2896	6	26	be	be	AUX
cblr-2896	6	27	reluctant	reluctant	ADJ
cblr-2896	6	28	to	to	PART
cblr-2896	6	29	pursue	pursue	VERB
cblr-2896	6	30	equity	equity	NOUN
cblr-2896	6	31	infusions	infusion	NOUN
cblr-2896	6	32	or	or	CCONJ
cblr-2896	6	33	to	to	PART
cblr-2896	6	34	sell	sell	VERB
cblr-2896	6	35	the	the	DET
cblr-2896	6	36	firm	firm	NOUN
cblr-2896	6	37	because	because	SCONJ
cblr-2896	6	38	of	of	ADP
cblr-2896	6	39	the	the	DET
cblr-2896	6	40	resulting	result	VERB
cblr-2896	6	41	dilution	dilution	NOUN
cblr-2896	6	42	of	of	ADP
cblr-2896	6	43	his	his	PRON
cblr-2896	6	44	ownership	ownership	NOUN
cblr-2896	6	45	stake	stake	NOUN
cblr-2896	6	46	.	.	PUNCT
cblr-2896	7	1	this	this	PRON
cblr-2896	7	2	might	might	AUX
cblr-2896	7	3	be	be	AUX
cblr-2896	7	4	called	call	VERB
cblr-2896	7	5	the	the	DET
cblr-2896	7	6	"	"	PUNCT
cblr-2896	7	7	fuld	fuld	PROPN
cblr-2896	7	8	problem	problem	NOUN
cblr-2896	7	9	.	.	PUNCT
cblr-2896	7	10	"	"	PUNCT
cblr-2896	8	1	to	to	PART
cblr-2896	8	2	mitigate	mitigate	VERB
cblr-2896	8	3	excessive	excessive	ADJ
cblr-2896	8	4	risk	risk	NOUN
cblr-2896	8	5	-	-	PUNCT
cblr-2896	8	6	taking	take	VERB
cblr-2896	8	7	both	both	PRON
cblr-2896	8	8	in	in	ADP
cblr-2896	8	9	ordinary	ordinary	ADJ
cblr-2896	8	10	operations	operation	NOUN
cblr-2896	8	11	and	and	CCONJ
cblr-2896	8	12	as	as	SCONJ
cblr-2896	8	13	the	the	DET
cblr-2896	8	14	firm	firm	NOUN
cblr-2896	8	15	approaches	approach	VERB
cblr-2896	8	16	financial	financial	ADJ
cblr-2896	8	17	distress	distress	NOUN
cblr-2896	8	18	,	,	PUNCT
cblr-2896	8	19	this	this	DET
cblr-2896	8	20	paper	paper	NOUN
cblr-2896	8	21	proposes	propose	VERB
cblr-2896	8	22	a	a	DET
cblr-2896	8	23	new	new	ADJ
cblr-2896	8	24	compensation	compensation	NOUN
cblr-2896	8	25	mechanism	mechanism	NOUN
cblr-2896	8	26	for	for	ADP
cblr-2896	8	27	senior	senior	ADJ
cblr-2896	8	28	managers	manager	NOUN
cblr-2896	8	29	:	:	PUNCT
cblr-2896	8	30	convertible	convertible	ADJ
cblr-2896	8	31	equity	equity	NOUN
cblr-2896	8	32	-	-	PUNCT
cblr-2896	8	33	based	base	VERB
cblr-2896	8	34	pay	pay	NOUN
cblr-2896	8	35	.	.	PUNCT
cblr-2896	9	1	upon	upon	SCONJ
cblr-2896	9	2	certain	certain	ADJ
cblr-2896	9	3	external	external	ADJ
cblr-2896	9	4	triggers	trigger	NOUN
cblr-2896	9	5	-	-	PUNCT
cblr-2896	9	6	for	for	ADP
cblr-2896	9	7	example	example	NOUN
cblr-2896	9	8	,	,	PUNCT
cblr-2896	9	9	a	a	DET
cblr-2896	9	10	regulatory	regulatory	ADJ
cblr-2896	9	11	downgrade	downgrade	NOUN
cblr-2896	9	12	into	into	ADP
cblr-2896	9	13	a	a	DET
cblr-2896	9	14	high	high	ADJ
cblr-2896	9	15	-	-	PUNCT
cblr-2896	9	16	risk	risk	NOUN
cblr-2896	9	17	category	category	NOUN
cblr-2896	9	18	,	,	PUNCT
cblr-2896	9	19	deterioration	deterioration	NOUN
cblr-2896	9	20	*	*	PUNCT
cblr-2896	9	21	richard	richard	PROPN
cblr-2896	9	22	paul	paul	PROPN
cblr-2896	9	23	richman	richman	PROPN
cblr-2896	9	24	professor	professor	PROPN
cblr-2896	9	25	of	of	ADP
cblr-2896	9	26	law	law	PROPN
cblr-2896	9	27	,	,	PUNCT
cblr-2896	9	28	columbia	columbia	PROPN
cblr-2896	9	29	law	law	PROPN
cblr-2896	9	30	school	school	NOUN
cblr-2896	9	31	.	.	PUNCT
cblr-2896	10	1	fellow	fellow	ADJ
cblr-2896	10	2	,	,	PUNCT
cblr-2896	10	3	european	european	ADJ
cblr-2896	10	4	corporate	corporate	ADJ
cblr-2896	10	5	governance	governance	NOUN
cblr-2896	10	6	institute	institute	NOUN
cblr-2896	10	7	.	.	PUNCT
cblr-2896	11	1	the	the	DET
cblr-2896	11	2	author	author	NOUN
cblr-2896	11	3	would	would	AUX
cblr-2896	11	4	like	like	VERB
cblr-2896	11	5	to	to	PART
cblr-2896	11	6	thank	thank	VERB
cblr-2896	11	7	john	john	PROPN
cblr-2896	11	8	armour	armour	PROPN
cblr-2896	11	9	,	,	PUNCT
cblr-2896	11	10	steve	steve	PROPN
cblr-2896	11	11	bainbridge	bainbridge	PROPN
cblr-2896	11	12	,	,	PUNCT
cblr-2896	11	13	patrick	patrick	PROPN
cblr-2896	11	14	bolton	bolton	PROPN
cblr-2896	11	15	,	,	PUNCT
cblr-2896	11	16	ron	ron	PROPN
cblr-2896	11	17	gilson	gilson	PROPN
cblr-2896	11	18	,	,	PUNCT
cblr-2896	11	19	rob	rob	PROPN
cblr-2896	11	20	jackson	jackson	PROPN
cblr-2896	11	21	,	,	PUNCT
cblr-2896	11	22	kate	kate	PROPN
cblr-2896	11	23	judge	judge	PROPN
cblr-2896	11	24	,	,	PUNCT
cblr-2896	11	25	mark	mark	PROPN
cblr-2896	11	26	roe	roe	PROPN
cblr-2896	11	27	,	,	PUNCT
cblr-2896	11	28	amir	amir	PROPN
cblr-2896	11	29	rubin	rubin	PROPN
cblr-2896	11	30	,	,	PUNCT
cblr-2896	11	31	and	and	CCONJ
cblr-2896	11	32	holger	holger	NOUN
cblr-2896	11	33	spamann	spamann	VERB
cblr-2896	11	34	for	for	ADP
cblr-2896	11	35	comments	comment	NOUN
cblr-2896	11	36	and	and	CCONJ
cblr-2896	11	37	conversations	conversation	NOUN
cblr-2896	11	38	on	on	ADP
cblr-2896	11	39	this	this	DET
cblr-2896	11	40	paper	paper	NOUN
cblr-2896	11	41	.	.	PUNCT
cblr-2896	12	1	correspondence	correspondence	NOUN
cblr-2896	12	2	should	should	AUX
cblr-2896	12	3	be	be	AUX
cblr-2896	12	4	addressed	address	VERB
cblr-2896	12	5	to	to	ADP
cblr-2896	12	6	jgordon@law.columbia.edu	jgordon@law.columbia.edu	PROPN
cblr-2896	12	7	.	.	PUNCT
cblr-2896	13	1	no	no	INTJ
cblr-2896	13	2	.	.	PUNCT
cblr-2896	14	1	3:834	3:834	NUM
cblr-2896	14	2	]	]	X
cblr-2896	14	3	the	the	DET
cblr-2896	14	4	case	case	NOUN
cblr-2896	14	5	for	for	ADP
cblr-2896	14	6	convertible	convertible	ADJ
cblr-2896	14	7	equity	equity	NOUN
cblr-2896	14	8	-	-	PUNCT
cblr-2896	14	9	based	base	VERB
cblr-2896	14	10	pa	pa	PROPN
cblr-2896	14	11	y	y	PROPN
cblr-2896	14	12	835	835	NUM
cblr-2896	14	13	in	in	ADP
cblr-2896	14	14	a	a	DET
cblr-2896	14	15	key	key	ADJ
cblr-2896	14	16	financial	financial	ADJ
cblr-2896	14	17	ratio	ratio	NOUN
cblr-2896	14	18	,	,	PUNCT
cblr-2896	14	19	or	or	CCONJ
cblr-2896	14	20	a	a	DET
cblr-2896	14	21	significant	significant	ADJ
cblr-2896	14	22	stock	stock	NOUN
cblr-2896	14	23	price	price	NOUN
cblr-2896	14	24	dropsuch	dropsuch	ADJ
cblr-2896	14	25	stock	stock	NOUN
cblr-2896	14	26	-	-	PUNCT
cblr-2896	14	27	based	base	VERB
cblr-2896	14	28	compensation	compensation	NOUN
cblr-2896	14	29	should	should	AUX
cblr-2896	14	30	convert	convert	VERB
cblr-2896	14	31	into	into	ADP
cblr-2896	14	32	subordinated	subordinated	ADJ
cblr-2896	14	33	debt	debt	NOUN
cblr-2896	14	34	,	,	PUNCT
cblr-2896	14	35	at	at	ADP
cblr-2896	14	36	a	a	DET
cblr-2896	14	37	valuation	valuation	NOUN
cblr-2896	14	38	discount	discount	NOUN
cblr-2896	14	39	.	.	PUNCT
cblr-2896	15	1	this	this	PRON
cblr-2896	15	2	will	will	AUX
cblr-2896	15	3	give	give	VERB
cblr-2896	15	4	managers	manager	NOUN
cblr-2896	15	5	an	an	DET
cblr-2896	15	6	incentive	incentive	NOUN
cblr-2896	15	7	to	to	PART
cblr-2896	15	8	curb	curb	VERB
cblr-2896	15	9	excessive	excessive	ADJ
cblr-2896	15	10	risk	risk	NOUN
cblr-2896	15	11	-	-	PUNCT
cblr-2896	15	12	taking	taking	NOUN
cblr-2896	15	13	and	and	CCONJ
cblr-2896	15	14	,	,	PUNCT
cblr-2896	15	15	in	in	ADP
cblr-2896	15	16	particular	particular	ADJ
cblr-2896	15	17	,	,	PUNCT
cblr-2896	15	18	to	to	PART
cblr-2896	15	19	steer	steer	VERB
cblr-2896	15	20	the	the	DET
cblr-2896	15	21	firm	firm	NOUN
cblr-2896	15	22	away	away	ADV
cblr-2896	15	23	from	from	ADP
cblr-2896	15	24	financial	financial	ADJ
cblr-2896	15	25	distress	distress	NOUN
cblr-2896	15	26	.	.	PUNCT
cblr-2896	16	1	i.	i.	PROPN
cblr-2896	16	2	introduction	introduction	NOUN
cblr-2896	16	3	........................	........................	PUNCT
cblr-2896	17	1	......	......	PUNCT
cblr-2896	17	2	835	835	NUM
cblr-2896	17	3	ii	ii	NOUN
cblr-2896	17	4	.	.	PUNCT
cblr-2896	17	5	corporate	corporate	ADJ
cblr-2896	17	6	governance	governance	NOUN
cblr-2896	17	7	and	and	CCONJ
cblr-2896	17	8	executive	executive	NOUN
cblr-2896	17	9	compensation	compensation	NOUN
cblr-2896	17	10	at	at	ADP
cblr-2896	17	11	financial	financial	ADJ
cblr-2896	17	12	firms	firm	NOUN
cblr-2896	17	13	....	....	PUNCT
cblr-2896	17	14	..........	..........	PUNCT
cblr-2896	17	15	838	838	NUM
cblr-2896	17	16	a.	a.	NOUN
cblr-2896	17	17	financial	financial	ADJ
cblr-2896	17	18	firm	firm	PROPN
cblr-2896	17	19	shareholders	shareholder	NOUN
cblr-2896	17	20	and	and	CCONJ
cblr-2896	17	21	systemic	systemic	ADJ
cblr-2896	17	22	risk	risk	NOUN
cblr-2896	17	23	................................	................................	PUNCT
cblr-2896	17	24	838	838	NUM
cblr-2896	17	25	b.	b.	NOUN
cblr-2896	17	26	corporate	corporate	ADJ
cblr-2896	17	27	governance	governance	NOUN
cblr-2896	17	28	in	in	ADP
cblr-2896	17	29	the	the	DET
cblr-2896	17	30	financial	financial	ADJ
cblr-2896	17	31	firm	firm	NOUN
cblr-2896	17	32	.....	.....	PROPN
cblr-2896	17	33	841	841	NUM
cblr-2896	17	34	iii	iii	NOUN
cblr-2896	17	35	.	.	PUNCT
cblr-2896	18	1	a	a	DET
cblr-2896	18	2	new	new	ADJ
cblr-2896	18	3	compensation	compensation	NOUN
cblr-2896	18	4	problem	problem	NOUN
cblr-2896	18	5	in	in	ADP
cblr-2896	18	6	the	the	DET
cblr-2896	18	7	financial	financial	ADJ
cblr-2896	18	8	firm	firm	NOUN
cblr-2896	18	9	....................	....................	PUNCT
cblr-2896	18	10	...............	...............	PUNCT
cblr-2896	18	11	848	848	NUM
cblr-2896	18	12	iv	iv	NOUN
cblr-2896	18	13	.	.	PUNCT
cblr-2896	19	1	a	a	DET
cblr-2896	19	2	new	new	ADJ
cblr-2896	19	3	compensation	compensation	NOUN
cblr-2896	19	4	mechanism	mechanism	NOUN
cblr-2896	19	5	:	:	PUNCT
cblr-2896	19	6	convertible	convertible	ADJ
cblr-2896	19	7	equity	equity	NOUN
cblr-2896	19	8	-	-	PUNCT
cblr-2896	19	9	based	base	VERB
cblr-2896	19	10	pay	pay	NOUN
cblr-2896	19	11	...................	...................	PUNCT
cblr-2896	19	12	.............	.............	PUNCT
cblr-2896	19	13	850	850	NUM
cblr-2896	19	14	a.	a.	NOUN
cblr-2896	19	15	proposal	proposal	NOUN
cblr-2896	19	16	one	one	NUM
cblr-2896	19	17	:	:	PUNCT
cblr-2896	19	18	eliminate	eliminate	VERB
cblr-2896	19	19	equity	equity	NOUN
cblr-2896	19	20	-	-	PUNCT
cblr-2896	19	21	based	base	VERB
cblr-2896	19	22	pay	pay	NOUN
cblr-2896	19	23	for	for	ADP
cblr-2896	19	24	senior	senior	ADJ
cblr-2896	19	25	managers	manager	NOUN
cblr-2896	19	26	of	of	ADP
cblr-2896	19	27	systemically	systemically	ADV
cblr-2896	19	28	important	important	ADJ
cblr-2896	19	29	financial	financial	ADJ
cblr-2896	19	30	firms	firm	NOUN
cblr-2896	19	31	..	..	PUNCT
cblr-2896	19	32	................	................	PUNCT
cblr-2896	19	33	...............	...............	PUNCT
cblr-2896	19	34	850	850	NUM
cblr-2896	19	35	b.	b.	PROPN
cblr-2896	19	36	proposal	proposal	NOUN
cblr-2896	19	37	two	two	NUM
cblr-2896	19	38	:	:	PUNCT
cblr-2896	19	39	tie	tie	VERB
cblr-2896	19	40	senior	senior	ADJ
cblr-2896	19	41	management	management	NOUN
cblr-2896	19	42	compensation	compensation	NOUN
cblr-2896	19	43	to	to	ADP
cblr-2896	19	44	the	the	DET
cblr-2896	19	45	value	value	NOUN
cblr-2896	19	46	of	of	ADP
cblr-2896	19	47	the	the	DET
cblr-2896	19	48	firm	firm	NOUN
cblr-2896	19	49	's	's	PART
cblr-2896	19	50	debt	debt	NOUN
cblr-2896	19	51	and	and	CCONJ
cblr-2896	19	52	equity	equity	NOUN
cblr-2896	19	53	.....................	.....................	PUNCT
cblr-2896	19	54	......	......	PUNCT
cblr-2896	20	1	851	851	NUM
cblr-2896	20	2	c.	c.	NOUN
cblr-2896	20	3	an	an	DET
cblr-2896	20	4	alternative	alternative	ADJ
cblr-2896	20	5	proposal	proposal	NOUN
cblr-2896	20	6	:	:	PUNCT
cblr-2896	20	7	convertible	convertible	ADJ
cblr-2896	20	8	equitybased	equitybase	VERB
cblr-2896	20	9	compensation	compensation	PROPN
cblr-2896	20	10	..............	..............	PUNCT
cblr-2896	20	11	...........	...........	PUNCT
cblr-2896	20	12	853	853	NUM
cblr-2896	20	13	v.	v.	ADP
cblr-2896	20	14	board	board	NOUN
cblr-2896	20	15	of	of	ADP
cblr-2896	20	16	directors	director	NOUN
cblr-2896	20	17	adoption	adoption	NOUN
cblr-2896	20	18	of	of	ADP
cblr-2896	20	19	convertible	convertible	ADJ
cblr-2896	20	20	equitybased	equitybase	VERB
cblr-2896	20	21	pay	pay	NOUN
cblr-2896	20	22	as	as	ADP
cblr-2896	20	23	solving	solve	VERB
cblr-2896	20	24	a	a	DET
cblr-2896	20	25	fiduciary	fiduciary	ADJ
cblr-2896	20	26	duty	duty	NOUN
cblr-2896	20	27	problem	problem	NOUN
cblr-2896	20	28	.......	.......	PUNCT
cblr-2896	20	29	860	860	NUM
cblr-2896	20	30	vi	vi	NOUN
cblr-2896	20	31	.	.	PROPN
cblr-2896	20	32	conclusion	conclusion	NOUN
cblr-2896	20	33	.........................	.........................	PUNCT
cblr-2896	20	34	......	......	PUNCT
cblr-2896	20	35	863	863	NUM
cblr-2896	20	36	i.	i.	NOUN
cblr-2896	20	37	introduction	introduction	NOUN
cblr-2896	20	38	the	the	DET
cblr-2896	20	39	financial	financial	ADJ
cblr-2896	20	40	crisis	crisis	NOUN
cblr-2896	20	41	of	of	ADP
cblr-2896	20	42	2007	2007	NUM
cblr-2896	20	43	-	-	SYM
cblr-2896	20	44	09	09	NUM
cblr-2896	20	45	raises	raise	VERB
cblr-2896	20	46	the	the	DET
cblr-2896	20	47	question	question	NOUN
cblr-2896	20	48	of	of	ADP
cblr-2896	20	49	whether	whether	SCONJ
cblr-2896	20	50	the	the	DET
cblr-2896	20	51	traditional	traditional	ADJ
cblr-2896	20	52	tools	tool	NOUN
cblr-2896	20	53	of	of	ADP
cblr-2896	20	54	corporate	corporate	ADJ
cblr-2896	20	55	governance	governance	NOUN
cblr-2896	20	56	are	be	AUX
cblr-2896	20	57	adequate	adequate	ADJ
cblr-2896	20	58	to	to	PART
cblr-2896	20	59	address	address	VERB
cblr-2896	20	60	the	the	DET
cblr-2896	20	61	potentially	potentially	ADV
cblr-2896	20	62	perverse	perverse	ADJ
cblr-2896	20	63	effects	effect	NOUN
cblr-2896	20	64	of	of	ADP
cblr-2896	20	65	executive	executive	ADJ
cblr-2896	20	66	compensation	compensation	NOUN
cblr-2896	20	67	in	in	ADP
cblr-2896	20	68	financial	financial	ADJ
cblr-2896	20	69	firms	firm	NOUN
cblr-2896	20	70	.	.	PUNCT
cblr-2896	21	1	the	the	DET
cblr-2896	21	2	argument	argument	NOUN
cblr-2896	21	3	for	for	ADP
cblr-2896	21	4	regulatory	regulatory	ADJ
cblr-2896	21	5	intervention	intervention	NOUN
cblr-2896	21	6	is	be	AUX
cblr-2896	21	7	that	that	SCONJ
cblr-2896	21	8	the	the	DET
cblr-2896	21	9	usual	usual	ADJ
cblr-2896	21	10	focus	focus	NOUN
cblr-2896	21	11	of	of	ADP
cblr-2896	21	12	corporate	corporate	ADJ
cblr-2896	21	13	governance	governance	NOUN
cblr-2896	21	14	-	-	PUNCT
cblr-2896	21	15	to	to	PART
cblr-2896	21	16	align	align	VERB
cblr-2896	21	17	the	the	DET
cblr-2896	21	18	incentives	incentive	NOUN
cblr-2896	21	19	of	of	ADP
cblr-2896	21	20	managers	manager	NOUN
cblr-2896	21	21	and	and	CCONJ
cblr-2896	21	22	shareholders	shareholder	NOUN
cblr-2896	21	23	-	-	PUNCT
cblr-2896	21	24	does	do	AUX
cblr-2896	21	25	not	not	PART
cblr-2896	21	26	work	work	VERB
cblr-2896	21	27	sufficiently	sufficiently	ADV
cblr-2896	21	28	to	to	PART
cblr-2896	21	29	constrain	constrain	VERB
cblr-2896	21	30	financial	financial	ADJ
cblr-2896	21	31	firm	firm	ADJ
cblr-2896	21	32	risk	risk	NOUN
cblr-2896	21	33	-	-	PUNCT
cblr-2896	21	34	taking	taking	NOUN
cblr-2896	21	35	.	.	PUNCT
cblr-2896	22	1	this	this	PRON
cblr-2896	22	2	is	be	AUX
cblr-2896	22	3	because	because	SCONJ
cblr-2896	22	4	shareholders	shareholder	NOUN
cblr-2896	22	5	are	be	AUX
cblr-2896	22	6	said	say	VERB
cblr-2896	22	7	not	not	PART
cblr-2896	22	8	to	to	PART
cblr-2896	22	9	internalize	internalize	VERB
cblr-2896	22	10	the	the	DET
cblr-2896	22	11	costs	cost	NOUN
cblr-2896	22	12	of	of	ADP
cblr-2896	22	13	systemic	systemic	ADJ
cblr-2896	22	14	risk	risk	NOUN
cblr-2896	22	15	associated	associate	VERB
cblr-2896	22	16	with	with	ADP
cblr-2896	22	17	financial	financial	ADJ
cblr-2896	22	18	firm	firm	ADJ
cblr-2896	22	19	failure	failure	NOUN
cblr-2896	22	20	.	.	PUNCT
cblr-2896	22	21	'	'	PUNCT
cblr-2896	23	1	the	the	DET
cblr-2896	23	2	problem	problem	NOUN
cblr-2896	23	3	is	be	AUX
cblr-2896	23	4	exacerbated	exacerbate	VERB
cblr-2896	23	5	by	by	ADP
cblr-2896	23	6	the	the	DET
cblr-2896	23	7	moral	moral	ADJ
cblr-2896	23	8	hazard	hazard	NOUN
cblr-2896	23	9	concerns	concern	NOUN
cblr-2896	23	10	associated	associate	VERB
cblr-2896	23	11	with	with	ADP
cblr-2896	23	12	"	"	PUNCT
cblr-2896	23	13	too	too	ADV
cblr-2896	23	14	big	big	ADJ
cblr-2896	23	15	to	to	PART
cblr-2896	23	16	fail	fail	VERB
cblr-2896	23	17	.	.	PUNCT
cblr-2896	24	1	"2	"2	VERB
cblr-2896	24	2	the	the	DET
cblr-2896	24	3	prospect	prospect	NOUN
cblr-2896	24	4	of	of	ADP
cblr-2896	24	5	government	government	NOUN
cblr-2896	24	6	rescue	rescue	NOUN
cblr-2896	24	7	lowers	lower	VERB
cblr-2896	24	8	the	the	DET
cblr-2896	24	9	cost	cost	NOUN
cblr-2896	24	10	of	of	ADP
cblr-2896	24	11	capital	capital	NOUN
cblr-2896	24	12	for	for	ADP
cblr-2896	24	13	large	large	ADJ
cblr-2896	24	14	financial	financial	ADJ
cblr-2896	24	15	firms	firm	NOUN
cblr-2896	24	16	,	,	PUNCT
cblr-2896	24	17	increases	increase	VERB
cblr-2896	24	18	the	the	DET
cblr-2896	24	19	resources	resource	NOUN
cblr-2896	24	20	they	they	PRON
cblr-2896	24	21	deploy	deploy	VERB
cblr-2896	24	22	,	,	PUNCT
cblr-2896	24	23	and	and	CCONJ
cblr-2896	24	24	thus	thus	ADV
cblr-2896	24	25	exacerbates	exacerbate	VERB
cblr-2896	24	26	the	the	DET
cblr-2896	24	27	systemic	systemic	ADJ
cblr-2896	24	28	harm	harm	NOUN
cblr-2896	24	29	of	of	ADP
cblr-2896	24	30	their	their	PRON
cblr-2896	24	31	failure	failure	NOUN
cblr-2896	24	32	.	.	PUNCT
cblr-2896	25	1	this	this	PRON
cblr-2896	25	2	compounds	compound	VERB
cblr-2896	25	3	the	the	DET
cblr-2896	25	4	stakes	stake	NOUN
cblr-2896	25	5	in	in	ADP
cblr-2896	25	6	compensation	compensation	NOUN
cblr-2896	25	7	design	design	NOUN
cblr-2896	25	8	.	.	PUNCT
cblr-2896	26	1	we	we	PRON
cblr-2896	26	2	have	have	VERB
cblr-2896	26	3	reasonably	reasonably	ADV
cblr-2896	26	4	effective	effective	ADJ
cblr-2896	26	5	compensation	compensation	NOUN
cblr-2896	26	6	models	model	NOUN
cblr-2896	26	7	for	for	ADP
cblr-2896	26	8	aligning	align	VERB
cblr-2896	26	9	managerial	managerial	ADJ
cblr-2896	26	10	and	and	CCONJ
cblr-2896	26	11	shareholder	shareholder	NOUN
cblr-2896	26	12	incentives	incentive	NOUN
cblr-2896	26	13	,	,	PUNCT
cblr-2896	26	14	but	but	CCONJ
cblr-2896	26	15	not	not	PART
cblr-2896	26	16	for	for	ADP
cblr-2896	26	17	building	build	VERB
cblr-2896	26	18	in	in	ADP
cblr-2896	26	19	an	an	DET
cblr-2896	26	20	exception	exception	NOUN
cblr-2896	26	21	for	for	ADP
cblr-2896	26	22	"	"	PUNCT
cblr-2896	26	23	excessive	excessive	ADJ
cblr-2896	26	24	"	"	PUNCT
cblr-2896	26	25	risk	risk	NOUN
cblr-2896	26	26	-	-	PUNCT
cblr-2896	26	27	taking	taking	NOUN
cblr-2896	26	28	that	that	PRON
cblr-2896	26	29	may	may	AUX
cblr-2896	26	30	arise	arise	VERB
cblr-2896	26	31	because	because	SCONJ
cblr-2896	26	32	of	of	ADP
cblr-2896	26	33	this	this	DET
cblr-2896	26	34	purported	purport	VERB
cblr-2896	26	35	failure	failure	NOUN
cblr-2896	26	36	of	of	ADP
cblr-2896	26	37	internalization	internalization	NOUN
cblr-2896	26	38	peculiar	peculiar	ADJ
cblr-2896	26	39	to	to	ADP
cblr-2896	26	40	financial	financial	ADJ
cblr-2896	26	41	firms	firm	NOUN
cblr-2896	26	42	.	.	PUNCT
cblr-2896	27	1	this	this	DET
cblr-2896	27	2	article	article	NOUN
cblr-2896	27	3	does	do	VERB
cblr-2896	27	4	four	four	NUM
cblr-2896	27	5	things	thing	NOUN
cblr-2896	27	6	.	.	PUNCT
cblr-2896	28	1	first	first	ADV
cblr-2896	28	2	,	,	PUNCT
cblr-2896	28	3	it	it	PRON
cblr-2896	28	4	offers	offer	VERB
cblr-2896	28	5	a	a	DET
cblr-2896	28	6	new	new	ADJ
cblr-2896	28	7	account	account	NOUN
cblr-2896	28	8	of	of	ADP
cblr-2896	28	9	the	the	DET
cblr-2896	28	10	weakness	weakness	NOUN
cblr-2896	28	11	of	of	ADP
cblr-2896	28	12	corporate	corporate	ADJ
cblr-2896	28	13	governance	governance	NOUN
cblr-2896	28	14	tools	tool	NOUN
cblr-2896	28	15	in	in	ADP
cblr-2896	28	16	addressing	address	VERB
cblr-2896	28	17	executive	executive	ADJ
cblr-2896	28	18	compensation	compensation	NOUN
cblr-2896	28	19	in	in	ADP
cblr-2896	28	20	financial	financial	ADJ
cblr-2896	28	21	firms	firm	NOUN
cblr-2896	28	22	.	.	PUNCT
cblr-2896	29	1	the	the	DET
cblr-2896	29	2	problem	problem	NOUN
cblr-2896	29	3	is	be	AUX
cblr-2896	29	4	not	not	PART
cblr-2896	29	5	the	the	DET
cblr-2896	29	6	failure	failure	NOUN
cblr-2896	29	7	in	in	ADP
cblr-2896	29	8	fact	fact	NOUN
cblr-2896	29	9	of	of	ADP
cblr-2896	29	10	systemic	systemic	ADJ
cblr-2896	29	11	risk	risk	NOUN
cblr-2896	29	12	internalization	internalization	NOUN
cblr-2896	29	13	-	-	PUNCT
cblr-2896	29	14	diversified	diversify	VERB
cblr-2896	29	15	shareholders	shareholder	NOUN
cblr-2896	29	16	do	do	AUX
cblr-2896	29	17	indeed	indeed	ADV
cblr-2896	29	18	face	face	VERB
cblr-2896	29	19	this	this	DET
cblr-2896	29	20	risk	risk	NOUN
cblr-2896	29	21	-	-	PUNCT
cblr-2896	29	22	but	but	CCONJ
cblr-2896	29	23	rather	rather	ADV
cblr-2896	29	24	the	the	DET
cblr-2896	29	25	intellectual	intellectual	ADJ
cblr-2896	29	26	failure	failure	NOUN
cblr-2896	29	27	to	to	PART
cblr-2896	29	28	appreciate	appreciate	VERB
cblr-2896	29	29	the	the	DET
cblr-2896	29	30	gap	gap	NOUN
cblr-2896	29	31	between	between	ADP
cblr-2896	29	32	shareholder	shareholder	NOUN
cblr-2896	29	33	and	and	CCONJ
cblr-2896	29	34	managerial	managerial	ADJ
cblr-2896	29	35	interests	interest	NOUN
cblr-2896	29	36	,	,	PUNCT
cblr-2896	29	37	which	which	PRON
cblr-2896	29	38	is	be	AUX
cblr-2896	29	39	unusually	unusually	ADV
cblr-2896	29	40	wide	wide	ADJ
cblr-2896	29	41	for	for	ADP
cblr-2896	29	42	systemically	systemically	ADV
cblr-2896	29	43	significant	significant	ADJ
cblr-2896	29	44	financial	financial	ADJ
cblr-2896	29	45	firms	firm	NOUN
cblr-2896	29	46	.	.	PUNCT
cblr-2896	30	1	thus	thus	ADV
cblr-2896	30	2	,	,	PUNCT
cblr-2896	30	3	there	there	PRON
cblr-2896	30	4	is	be	VERB
cblr-2896	30	5	a	a	DET
cblr-2896	30	6	"	"	PUNCT
cblr-2896	30	7	business	business	NOUN
cblr-2896	30	8	case	case	NOUN
cblr-2896	30	9	"	"	PUNCT
cblr-2896	30	10	for	for	ADP
cblr-2896	30	11	corporate	corporate	ADJ
cblr-2896	30	12	governance	governance	NOUN
cblr-2896	30	13	activism	activism	NOUN
cblr-2896	30	14	by	by	ADP
cblr-2896	30	15	the	the	DET
cblr-2896	30	16	diversified	diversify	VERB
cblr-2896	30	17	shareholders	shareholder	NOUN
cblr-2896	30	18	who	who	PRON
cblr-2896	30	19	are	be	AUX
cblr-2896	30	20	the	the	DET
cblr-2896	30	21	majoritarian	majoritarian	ADJ
cblr-2896	30	22	owners	owner	NOUN
cblr-2896	30	23	to	to	PART
cblr-2896	30	24	address	address	VERB
cblr-2896	30	25	compensation	compensation	NOUN
cblr-2896	30	26	structures	structure	NOUN
cblr-2896	30	27	that	that	PRON
cblr-2896	30	28	exacerbate	exacerbate	VERB
cblr-2896	30	29	systemic	systemic	ADJ
cblr-2896	30	30	risk	risk	NOUN
cblr-2896	30	31	.	.	PUNCT
cblr-2896	31	1	regulatory	regulatory	ADJ
cblr-2896	31	2	intervention	intervention	NOUN
cblr-2896	31	3	is	be	AUX
cblr-2896	31	4	necessary	necessary	ADJ
cblr-2896	31	5	because	because	SCONJ
cblr-2896	31	6	of	of	ADP
cblr-2896	31	7	shareholder	shareholder	NOUN
cblr-2896	31	8	collective	collective	ADJ
cblr-2896	31	9	action	action	NOUN
cblr-2896	31	10	problems	problem	NOUN
cblr-2896	31	11	,	,	PUNCT
cblr-2896	31	12	agency	agency	NOUN
cblr-2896	31	13	problems	problem	NOUN
cblr-2896	31	14	within	within	ADP
cblr-2896	31	15	managerial	managerial	ADJ
cblr-2896	31	16	capitalism	capitalism	NOUN
cblr-2896	31	17	,	,	PUNCT
cblr-2896	31	18	and	and	CCONJ
cblr-2896	31	19	the	the	DET
cblr-2896	31	20	diversity	diversity	NOUN
cblr-2896	31	21	of	of	ADP
cblr-2896	31	22	shareholder	shareholder	NOUN
cblr-2896	31	23	interests	interest	NOUN
cblr-2896	31	24	both	both	CCONJ
cblr-2896	31	25	within	within	ADP
cblr-2896	31	26	and	and	CCONJ
cblr-2896	31	27	across	across	ADP
cblr-2896	31	28	1	1	NUM
cblr-2896	31	29	see	see	VERB
cblr-2896	31	30	jeffrey	jeffrey	PROPN
cblr-2896	31	31	n.	n.	PROPN
cblr-2896	31	32	gordon	gordon	PROPN
cblr-2896	31	33	,	,	PUNCT
cblr-2896	31	34	"	"	PUNCT
cblr-2896	31	35	say	say	VERB
cblr-2896	31	36	on	on	ADP
cblr-2896	31	37	pay	pay	NOUN
cblr-2896	31	38	"	"	PUNCT
cblr-2896	31	39	:	:	PUNCT
cblr-2896	31	40	cautionary	cautionary	ADJ
cblr-2896	31	41	notes	note	NOUN
cblr-2896	31	42	,	,	PUNCT
cblr-2896	31	43	46	46	NUM
cblr-2896	31	44	harv	harv	NOUN
cblr-2896	31	45	.	.	PUNCT
cblr-2896	32	1	j.	j.	PROPN
cblr-2896	32	2	on	on	ADP
cblr-2896	32	3	legis	legis	PROPN
cblr-2896	32	4	.	.	PUNCT
cblr-2896	33	1	323	323	NUM
cblr-2896	33	2	,	,	PUNCT
cblr-2896	33	3	365	365	NUM
cblr-2896	33	4	(	(	PUNCT
cblr-2896	33	5	2009	2009	NUM
cblr-2896	33	6	)	)	PUNCT
cblr-2896	33	7	;	;	PUNCT
cblr-2896	33	8	lucian	lucian	PROPN
cblr-2896	33	9	a.	a.	PROPN
cblr-2896	33	10	bebchuk	bebchuk	PROPN
cblr-2896	33	11	&	&	CCONJ
cblr-2896	33	12	holger	holger	PROPN
cblr-2896	33	13	spamann	spamann	PROPN
cblr-2896	33	14	,	,	PUNCT
cblr-2896	33	15	regulating	regulate	VERB
cblr-2896	33	16	bankers'pay	bankers'pay	NOUN
cblr-2896	33	17	,	,	PUNCT
cblr-2896	33	18	98	98	NUM
cblr-2896	33	19	geo	geo	PROPN
cblr-2896	33	20	.	.	PUNCT
cblr-2896	33	21	l.j	l.j	PROPN
cblr-2896	33	22	.	.	PROPN
cblr-2896	33	23	247	247	NUM
cblr-2896	33	24	,	,	PUNCT
cblr-2896	33	25	248	248	NUM
cblr-2896	33	26	(	(	PUNCT
cblr-2896	33	27	2010	2010	NUM
cblr-2896	33	28	)	)	PUNCT
cblr-2896	33	29	.	.	PUNCT
cblr-2896	34	1	2	2	NUM
cblr-2896	34	2	"	"	PUNCT
cblr-2896	34	3	too	too	ADV
cblr-2896	34	4	big	big	ADJ
cblr-2896	34	5	to	to	PART
cblr-2896	34	6	fail	fail	VERB
cblr-2896	34	7	"	"	PUNCT
cblr-2896	34	8	refers	refer	VERB
cblr-2896	34	9	to	to	ADP
cblr-2896	34	10	financial	financial	ADJ
cblr-2896	34	11	firms	firm	NOUN
cblr-2896	34	12	that	that	PRON
cblr-2896	34	13	would	would	AUX
cblr-2896	34	14	be	be	AUX
cblr-2896	34	15	rescued	rescue	VERB
cblr-2896	34	16	by	by	ADP
cblr-2896	34	17	the	the	DET
cblr-2896	34	18	government	government	NOUN
cblr-2896	34	19	rather	rather	ADV
cblr-2896	34	20	than	than	ADP
cblr-2896	34	21	being	be	AUX
cblr-2896	34	22	allowed	allow	VERB
cblr-2896	34	23	to	to	PART
cblr-2896	34	24	fail	fail	VERB
cblr-2896	34	25	,	,	PUNCT
cblr-2896	34	26	because	because	SCONJ
cblr-2896	34	27	the	the	DET
cblr-2896	34	28	financial	financial	ADJ
cblr-2896	34	29	claims	claim	NOUN
cblr-2896	34	30	on	on	ADP
cblr-2896	34	31	their	their	PRON
cblr-2896	34	32	balance	balance	NOUN
cblr-2896	34	33	sheet	sheet	NOUN
cblr-2896	34	34	are	be	AUX
cblr-2896	34	35	so	so	ADV
cblr-2896	34	36	large	large	ADJ
cblr-2896	34	37	relative	relative	ADJ
cblr-2896	34	38	to	to	ADP
cblr-2896	34	39	the	the	DET
cblr-2896	34	40	financial	financial	ADJ
cblr-2896	34	41	sector	sector	NOUN
cblr-2896	34	42	that	that	DET
cblr-2896	34	43	failure	failure	NOUN
cblr-2896	34	44	would	would	AUX
cblr-2896	34	45	have	have	VERB
cblr-2896	34	46	large	large	ADJ
cblr-2896	34	47	negative	negative	ADJ
cblr-2896	34	48	effects	effect	NOUN
cblr-2896	34	49	on	on	ADP
cblr-2896	34	50	other	other	ADJ
cblr-2896	34	51	financial	financial	ADJ
cblr-2896	34	52	firms	firm	NOUN
cblr-2896	34	53	and	and	CCONJ
cblr-2896	34	54	ultimately	ultimately	ADV
cblr-2896	34	55	,	,	PUNCT
cblr-2896	34	56	large	large	ADJ
cblr-2896	34	57	negative	negative	ADJ
cblr-2896	34	58	effects	effect	NOUN
cblr-2896	34	59	on	on	ADP
cblr-2896	34	60	the	the	DET
cblr-2896	34	61	real	real	ADJ
cblr-2896	34	62	economy	economy	NOUN
cblr-2896	34	63	.	.	PUNCT
cblr-2896	35	1	ex	ex	X
cblr-2896	35	2	ante	ante	PROPN
cblr-2896	35	3	,	,	PUNCT
cblr-2896	35	4	the	the	DET
cblr-2896	35	5	optimal	optimal	ADJ
cblr-2896	35	6	policy	policy	NOUN
cblr-2896	35	7	is	be	AUX
cblr-2896	35	8	for	for	SCONJ
cblr-2896	35	9	government	government	NOUN
cblr-2896	35	10	to	to	PART
cblr-2896	35	11	pledge	pledge	VERB
cblr-2896	35	12	"	"	PUNCT
cblr-2896	35	13	toughness"-to	toughness"-to	VERB
cblr-2896	35	14	permit	permit	NOUN
cblr-2896	35	15	failure	failure	NOUN
cblr-2896	35	16	-to	-to	ADP
cblr-2896	35	17	control	control	NOUN
cblr-2896	35	18	excessive	excessive	ADJ
cblr-2896	35	19	risk	risk	NOUN
cblr-2896	35	20	-	-	PUNCT
cblr-2896	35	21	taking	taking	NOUN
cblr-2896	35	22	;	;	PUNCT
cblr-2896	35	23	but	but	CCONJ
cblr-2896	35	24	ex	ex	X
cblr-2896	35	25	post	post	NOUN
cblr-2896	35	26	,	,	PUNCT
cblr-2896	35	27	in	in	ADP
cblr-2896	35	28	the	the	DET
cblr-2896	35	29	face	face	NOUN
cblr-2896	35	30	of	of	ADP
cblr-2896	35	31	the	the	DET
cblr-2896	35	32	systemic	systemic	ADJ
cblr-2896	35	33	distress	distress	NOUN
cblr-2896	35	34	costs	cost	NOUN
cblr-2896	35	35	of	of	ADP
cblr-2896	35	36	the	the	DET
cblr-2896	35	37	failure	failure	NOUN
cblr-2896	35	38	of	of	ADP
cblr-2896	35	39	a	a	PRON
cblr-2896	35	40	"	"	PUNCT
cblr-2896	35	41	too	too	ADV
cblr-2896	35	42	big	big	ADJ
cblr-2896	35	43	to	to	PART
cblr-2896	35	44	fail	fail	VERB
cblr-2896	35	45	"	"	PUNCT
cblr-2896	35	46	financial	financial	ADJ
cblr-2896	35	47	firm	firm	NOUN
cblr-2896	35	48	,	,	PUNCT
cblr-2896	35	49	the	the	DET
cblr-2896	35	50	government	government	NOUN
cblr-2896	35	51	should	should	AUX
cblr-2896	35	52	relent	relent	VERB
cblr-2896	35	53	.	.	PUNCT
cblr-2896	36	1	836	836	NUM
cblr-2896	36	2	col	col	PROPN
cblr-2896	36	3	umia	umia	PROPN
cblr-2896	36	4	b	b	PROPN
cblr-2896	36	5	usiness	usiness	PROPN
cblr-2896	36	6	la	la	PROPN
cblr-2896	36	7	w	w	PROPN
cblr-2896	36	8	re	re	PROPN
cblr-2896	36	9	vie	vie	PROPN
cblr-2896	36	10	w	w	PROPN
cblr-2896	37	1	[	[	X
cblr-2896	37	2	vol	vol	NOUN
cblr-2896	37	3	.	.	NOUN
cblr-2896	37	4	2012	2012	NUM
cblr-2896	37	5	no	no	NOUN
cblr-2896	37	6	.	.	PUNCT
cblr-2896	38	1	3:834	3:834	NUM
cblr-2896	38	2	]	]	X
cblr-2896	38	3	the	the	DET
cblr-2896	38	4	case	case	NOUN
cblr-2896	38	5	for	for	ADP
cblr-2896	38	6	convertible	convertible	ADJ
cblr-2896	38	7	equity	equity	NOUN
cblr-2896	38	8	-	-	PUNCT
cblr-2896	38	9	based	base	VERB
cblr-2896	38	10	pay	pay	NOUN
cblr-2896	38	11	firms	firm	NOUN
cblr-2896	38	12	.	.	PUNCT
cblr-2896	39	1	but	but	CCONJ
cblr-2896	39	2	rather	rather	ADV
cblr-2896	39	3	than	than	ADP
cblr-2896	39	4	imposing	impose	VERB
cblr-2896	39	5	costs	cost	NOUN
cblr-2896	39	6	on	on	ADP
cblr-2896	39	7	shareholders	shareholder	NOUN
cblr-2896	39	8	in	in	ADP
cblr-2896	39	9	the	the	DET
cblr-2896	39	10	name	name	NOUN
cblr-2896	39	11	of	of	ADP
cblr-2896	39	12	systemic	systemic	ADJ
cblr-2896	39	13	stability	stability	NOUN
cblr-2896	39	14	,	,	PUNCT
cblr-2896	39	15	regulatory	regulatory	ADJ
cblr-2896	39	16	intervention	intervention	NOUN
cblr-2896	39	17	can	can	AUX
cblr-2896	39	18	provide	provide	VERB
cblr-2896	39	19	a	a	DET
cblr-2896	39	20	benefit	benefit	NOUN
cblr-2896	39	21	to	to	ADP
cblr-2896	39	22	diversified	diversified	ADJ
cblr-2896	39	23	shareholders	shareholder	NOUN
cblr-2896	39	24	.	.	PUNCT
cblr-2896	40	1	second	second	ADJ
cblr-2896	40	2	,	,	PUNCT
cblr-2896	40	3	this	this	DET
cblr-2896	40	4	essay	essay	NOUN
cblr-2896	40	5	identifies	identify	VERB
cblr-2896	40	6	a	a	DET
cblr-2896	40	7	new	new	ADJ
cblr-2896	40	8	problem	problem	NOUN
cblr-2896	40	9	in	in	ADP
cblr-2896	40	10	executive	executive	ADJ
cblr-2896	40	11	compensation	compensation	NOUN
cblr-2896	40	12	in	in	ADP
cblr-2896	40	13	the	the	DET
cblr-2896	40	14	financial	financial	ADJ
cblr-2896	40	15	firm	firm	NOUN
cblr-2896	40	16	,	,	PUNCT
cblr-2896	40	17	namely	namely	ADV
cblr-2896	40	18	,	,	PUNCT
cblr-2896	40	19	the	the	DET
cblr-2896	40	20	disincentives	disincentive	NOUN
cblr-2896	40	21	of	of	ADP
cblr-2896	40	22	senior	senior	ADJ
cblr-2896	40	23	managers	manager	NOUN
cblr-2896	40	24	with	with	ADP
cblr-2896	40	25	substantial	substantial	ADJ
cblr-2896	40	26	equity	equity	NOUN
cblr-2896	40	27	investments	investment	NOUN
cblr-2896	40	28	in	in	ADP
cblr-2896	40	29	the	the	DET
cblr-2896	40	30	firm	firm	NOUN
cblr-2896	40	31	to	to	PART
cblr-2896	40	32	negotiate	negotiate	VERB
cblr-2896	40	33	substantial	substantial	ADJ
cblr-2896	40	34	new	new	ADJ
cblr-2896	40	35	equity	equity	NOUN
cblr-2896	40	36	raises	raise	VERB
cblr-2896	40	37	or	or	CCONJ
cblr-2896	40	38	a	a	DET
cblr-2896	40	39	sale	sale	NOUN
cblr-2896	40	40	of	of	ADP
cblr-2896	40	41	the	the	DET
cblr-2896	40	42	firm	firm	NOUN
cblr-2896	40	43	that	that	PRON
cblr-2896	40	44	would	would	AUX
cblr-2896	40	45	substantially	substantially	ADV
cblr-2896	40	46	dilute	dilute	VERB
cblr-2896	40	47	their	their	PRON
cblr-2896	40	48	equity	equity	NOUN
cblr-2896	40	49	positions	position	NOUN
cblr-2896	40	50	.	.	PUNCT
cblr-2896	41	1	this	this	PRON
cblr-2896	41	2	might	might	AUX
cblr-2896	41	3	be	be	AUX
cblr-2896	41	4	called	call	VERB
cblr-2896	41	5	the	the	DET
cblr-2896	41	6	"	"	PUNCT
cblr-2896	41	7	fuld	fuld	PROPN
cblr-2896	41	8	problem	problem	NOUN
cblr-2896	41	9	.	.	PUNCT
cblr-2896	41	10	"	"	PUNCT
cblr-2896	42	1	contrary	contrary	ADJ
cblr-2896	42	2	to	to	ADP
cblr-2896	42	3	some	some	DET
cblr-2896	42	4	recent	recent	ADJ
cblr-2896	42	5	claims	claim	NOUN
cblr-2896	42	6	,	,	PUNCT
cblr-2896	42	7	a	a	DET
cblr-2896	42	8	key	key	ADJ
cblr-2896	42	9	systemic	systemic	ADJ
cblr-2896	42	10	risk	risk	NOUN
cblr-2896	42	11	problem	problem	NOUN
cblr-2896	42	12	was	be	AUX
cblr-2896	42	13	not	not	PART
cblr-2896	42	14	that	that	SCONJ
cblr-2896	42	15	executives	executive	NOUN
cblr-2896	42	16	at	at	ADP
cblr-2896	42	17	lehman	lehman	PROPN
cblr-2896	42	18	and	and	CCONJ
cblr-2896	42	19	bear	bear	PROPN
cblr-2896	42	20	stearns	stearns	PROPN
cblr-2896	42	21	had	have	VERB
cblr-2896	42	22	insufficient	insufficient	ADJ
cblr-2896	42	23	stake	stake	NOUN
cblr-2896	42	24	in	in	ADP
cblr-2896	42	25	their	their	PRON
cblr-2896	42	26	firm	firm	NOUN
cblr-2896	42	27	's	's	PART
cblr-2896	42	28	survival	survival	NOUN
cblr-2896	42	29	because	because	SCONJ
cblr-2896	42	30	they	they	PRON
cblr-2896	42	31	were	be	AUX
cblr-2896	42	32	playing	play	VERB
cblr-2896	42	33	with	with	ADP
cblr-2896	42	34	"	"	PUNCT
cblr-2896	42	35	house	house	NOUN
cblr-2896	42	36	money	money	NOUN
cblr-2896	42	37	,	,	PUNCT
cblr-2896	42	38	"	"	PUNCT
cblr-2896	42	39	having	having	AUX
cblr-2896	42	40	extracted	extract	VERB
cblr-2896	42	41	large	large	ADJ
cblr-2896	42	42	sums	sum	NOUN
cblr-2896	42	43	through	through	ADP
cblr-2896	42	44	cash	cash	NOUN
cblr-2896	42	45	payments	payment	NOUN
cblr-2896	42	46	and	and	CCONJ
cblr-2896	42	47	stock	stock	NOUN
cblr-2896	42	48	sales	sale	NOUN
cblr-2896	42	49	in	in	ADP
cblr-2896	42	50	prior	prior	ADJ
cblr-2896	42	51	years.3	years.3	PROPN
cblr-2896	42	52	rather	rather	ADV
cblr-2896	42	53	,	,	PUNCT
cblr-2896	42	54	the	the	DET
cblr-2896	42	55	critical	critical	ADJ
cblr-2896	42	56	point	point	NOUN
cblr-2896	42	57	from	from	ADP
cblr-2896	42	58	the	the	DET
cblr-2896	42	59	perspective	perspective	NOUN
cblr-2896	42	60	of	of	ADP
cblr-2896	42	61	systemic	systemic	ADJ
cblr-2896	42	62	risk	risk	NOUN
cblr-2896	42	63	mitigation	mitigation	NOUN
cblr-2896	42	64	was	be	AUX
cblr-2896	42	65	that	that	SCONJ
cblr-2896	42	66	as	as	SCONJ
cblr-2896	42	67	their	their	PRON
cblr-2896	42	68	firms	firm	NOUN
cblr-2896	42	69	ran	run	VERB
cblr-2896	42	70	into	into	ADP
cblr-2896	42	71	financial	financial	ADJ
cblr-2896	42	72	difficulty	difficulty	NOUN
cblr-2896	42	73	,	,	PUNCT
cblr-2896	42	74	these	these	DET
cblr-2896	42	75	executives	executive	NOUN
cblr-2896	42	76	'	'	PART
cblr-2896	42	77	large	large	ADJ
cblr-2896	42	78	equity	equity	NOUN
cblr-2896	42	79	stakes	stake	NOUN
cblr-2896	42	80	created	create	VERB
cblr-2896	42	81	an	an	DET
cblr-2896	42	82	ever	ever	ADV
cblr-2896	42	83	-	-	PUNCT
cblr-2896	42	84	widening	widen	VERB
cblr-2896	42	85	gap	gap	NOUN
cblr-2896	42	86	between	between	ADP
cblr-2896	42	87	their	their	PRON
cblr-2896	42	88	interests	interest	NOUN
cblr-2896	42	89	and	and	CCONJ
cblr-2896	42	90	the	the	DET
cblr-2896	42	91	interests	interest	NOUN
cblr-2896	42	92	of	of	ADP
cblr-2896	42	93	non	non	ADJ
cblr-2896	42	94	-	-	ADJ
cblr-2896	42	95	managerial	managerial	ADJ
cblr-2896	42	96	shareholders	shareholder	NOUN
cblr-2896	42	97	(	(	PUNCT
cblr-2896	42	98	as	as	ADV
cblr-2896	42	99	well	well	ADV
cblr-2896	42	100	as	as	ADP
cblr-2896	42	101	the	the	DET
cblr-2896	42	102	social	social	ADJ
cblr-2896	42	103	interest	interest	NOUN
cblr-2896	42	104	)	)	PUNCT
cblr-2896	42	105	.	.	PUNCT
cblr-2896	43	1	a	a	DET
cblr-2896	43	2	ceo	ceo	NOUN
cblr-2896	43	3	with	with	ADP
cblr-2896	43	4	a	a	DET
cblr-2896	43	5	large	large	ADJ
cblr-2896	43	6	equity	equity	NOUN
cblr-2896	43	7	stake	stake	NOUN
cblr-2896	43	8	would	would	AUX
cblr-2896	43	9	face	face	VERB
cblr-2896	43	10	a	a	DET
cblr-2896	43	11	much	much	ADV
cblr-2896	43	12	greater	great	ADJ
cblr-2896	43	13	proportionate	proportionate	ADJ
cblr-2896	43	14	wealth	wealth	NOUN
cblr-2896	43	15	loss	loss	NOUN
cblr-2896	43	16	than	than	ADP
cblr-2896	43	17	a	a	DET
cblr-2896	43	18	diversified	diversified	ADJ
cblr-2896	43	19	shareholder	shareholder	NOUN
cblr-2896	43	20	from	from	ADP
cblr-2896	43	21	a	a	DET
cblr-2896	43	22	dilutive	dilutive	ADJ
cblr-2896	43	23	capital	capital	NOUN
cblr-2896	43	24	raise	raise	NOUN
cblr-2896	43	25	or	or	CCONJ
cblr-2896	43	26	sale	sale	NOUN
cblr-2896	43	27	,	,	PUNCT
cblr-2896	43	28	while	while	SCONJ
cblr-2896	43	29	a	a	DET
cblr-2896	43	30	diversified	diversified	ADJ
cblr-2896	43	31	shareholder	shareholder	NOUN
cblr-2896	43	32	would	would	AUX
cblr-2896	43	33	face	face	VERB
cblr-2896	43	34	a	a	DET
cblr-2896	43	35	much	much	ADV
cblr-2896	43	36	greater	great	ADJ
cblr-2896	43	37	proportionate	proportionate	ADJ
cblr-2896	43	38	wealth	wealth	NOUN
cblr-2896	43	39	loss	loss	NOUN
cblr-2896	43	40	from	from	ADP
cblr-2896	43	41	the	the	DET
cblr-2896	43	42	systemic	systemic	ADJ
cblr-2896	43	43	distress	distress	NOUN
cblr-2896	43	44	that	that	PRON
cblr-2896	43	45	would	would	AUX
cblr-2896	43	46	follow	follow	VERB
cblr-2896	43	47	the	the	DET
cblr-2896	43	48	failure	failure	NOUN
cblr-2896	43	49	of	of	ADP
cblr-2896	43	50	a	a	DET
cblr-2896	43	51	systemically	systemically	ADV
cblr-2896	43	52	important	important	ADJ
cblr-2896	43	53	firm	firm	NOUN
cblr-2896	43	54	.	.	PUNCT
cblr-2896	44	1	third	third	ADJ
cblr-2896	44	2	,	,	PUNCT
cblr-2896	44	3	this	this	DET
cblr-2896	44	4	article	article	NOUN
cblr-2896	44	5	offers	offer	VERB
cblr-2896	44	6	a	a	DET
cblr-2896	44	7	new	new	ADJ
cblr-2896	44	8	compensation	compensation	NOUN
cblr-2896	44	9	mechanism	mechanism	NOUN
cblr-2896	44	10	,	,	PUNCT
cblr-2896	44	11	"	"	PUNCT
cblr-2896	44	12	convertible	convertible	ADJ
cblr-2896	44	13	equity	equity	NOUN
cblr-2896	44	14	-	-	PUNCT
cblr-2896	44	15	based	base	VERB
cblr-2896	44	16	compensation	compensation	NOUN
cblr-2896	44	17	,	,	PUNCT
cblr-2896	44	18	"	"	PUNCT
cblr-2896	44	19	that	that	PRON
cblr-2896	44	20	can	can	AUX
cblr-2896	44	21	at	at	ADP
cblr-2896	44	22	least	least	ADJ
cblr-2896	44	23	partially	partially	ADV
cblr-2896	44	24	address	address	VERB
cblr-2896	44	25	some	some	PRON
cblr-2896	44	26	of	of	ADP
cblr-2896	44	27	the	the	DET
cblr-2896	44	28	managerial	managerial	ADJ
cblr-2896	44	29	incentive	incentive	NOUN
cblr-2896	44	30	problems	problem	NOUN
cblr-2896	44	31	in	in	ADP
cblr-2896	44	32	financial	financial	ADJ
cblr-2896	44	33	firms	firm	NOUN
cblr-2896	44	34	.	.	PUNCT
cblr-2896	45	1	the	the	DET
cblr-2896	45	2	general	general	ADJ
cblr-2896	45	3	idea	idea	NOUN
cblr-2896	45	4	is	be	AUX
cblr-2896	45	5	for	for	SCONJ
cblr-2896	45	6	management	management	NOUN
cblr-2896	45	7	's	's	PART
cblr-2896	45	8	equity	equity	NOUN
cblr-2896	45	9	-	-	PUNCT
cblr-2896	45	10	based	base	VERB
cblr-2896	45	11	stakes	stake	NOUN
cblr-2896	45	12	to	to	PART
cblr-2896	45	13	convert	convert	VERB
cblr-2896	45	14	to	to	ADP
cblr-2896	45	15	subordinated	subordinate	VERB
cblr-2896	45	16	debt	debt	NOUN
cblr-2896	45	17	upon	upon	SCONJ
cblr-2896	45	18	certain	certain	ADJ
cblr-2896	45	19	triggering	trigger	VERB
cblr-2896	45	20	events	event	NOUN
cblr-2896	45	21	,	,	PUNCT
cblr-2896	45	22	for	for	ADP
cblr-2896	45	23	example	example	NOUN
cblr-2896	45	24	,	,	PUNCT
cblr-2896	45	25	a	a	DET
cblr-2896	45	26	downgrade	downgrade	NOUN
cblr-2896	45	27	into	into	ADP
cblr-2896	45	28	a	a	DET
cblr-2896	45	29	"	"	PUNCT
cblr-2896	45	30	high	high	ADJ
cblr-2896	45	31	-	-	PUNCT
cblr-2896	45	32	risk	risk	NOUN
cblr-2896	45	33	"	"	PUNCT
cblr-2896	45	34	category	category	NOUN
cblr-2896	45	35	by	by	ADP
cblr-2896	45	36	the	the	DET
cblr-2896	45	37	financial	financial	ADJ
cblr-2896	45	38	regulator	regulator	NOUN
cblr-2896	45	39	or	or	CCONJ
cblr-2896	45	40	a	a	DET
cblr-2896	45	41	stock	stock	NOUN
cblr-2896	45	42	price	price	NOUN
cblr-2896	45	43	decline	decline	NOUN
cblr-2896	45	44	of	of	ADP
cblr-2896	45	45	a	a	DET
cblr-2896	45	46	particular	particular	ADJ
cblr-2896	45	47	percentage	percentage	NOUN
cblr-2896	45	48	.	.	PUNCT
cblr-2896	46	1	such	such	DET
cblr-2896	46	2	a	a	DET
cblr-2896	46	3	mechanism	mechanism	NOUN
cblr-2896	46	4	should	should	AUX
cblr-2896	46	5	constrain	constrain	VERB
cblr-2896	46	6	managerial	managerial	ADJ
cblr-2896	46	7	risk	risk	NOUN
cblr-2896	46	8	-	-	PUNCT
cblr-2896	46	9	taking	taking	NOUN
cblr-2896	46	10	generally	generally	ADV
cblr-2896	46	11	and	and	CCONJ
cblr-2896	46	12	should	should	AUX
cblr-2896	46	13	particularly	particularly	ADV
cblr-2896	46	14	change	change	VERB
cblr-2896	46	15	managerial	managerial	ADJ
cblr-2896	46	16	decision	decision	NOUN
cblr-2896	46	17	making	make	VERB
cblr-2896	46	18	as	as	SCONJ
cblr-2896	46	19	3	3	NUM
cblr-2896	46	20	see	see	VERB
cblr-2896	46	21	generally	generally	ADV
cblr-2896	46	22	lucian	lucian	ADJ
cblr-2896	46	23	a.	a.	NOUN
cblr-2896	46	24	bebehuk	bebehuk	PROPN
cblr-2896	46	25	,	,	PUNCT
cblr-2896	46	26	alma	alma	PROPN
cblr-2896	46	27	cohen	cohen	PROPN
cblr-2896	46	28	&	&	CCONJ
cblr-2896	46	29	holger	holger	PROPN
cblr-2896	46	30	spamann	spamann	PROPN
cblr-2896	46	31	,	,	PUNCT
cblr-2896	46	32	the	the	DET
cblr-2896	46	33	wages	wage	NOUN
cblr-2896	46	34	of	of	ADP
cblr-2896	46	35	failure	failure	NOUN
cblr-2896	46	36	:	:	PUNCT
cblr-2896	46	37	executive	executive	ADJ
cblr-2896	46	38	compensation	compensation	NOUN
cblr-2896	46	39	at	at	ADP
cblr-2896	46	40	bear	bear	PROPN
cblr-2896	46	41	stearns	stearns	PROPN
cblr-2896	46	42	and	and	CCONJ
cblr-2896	46	43	lehman	lehman	PROPN
cblr-2896	46	44	2000	2000	NUM
cblr-2896	46	45	-	-	SYM
cblr-2896	46	46	2008	2008	NUM
cblr-2896	46	47	,	,	PUNCT
cblr-2896	46	48	27	27	NUM
cblr-2896	46	49	yale	yale	NOUN
cblr-2896	46	50	j.	j.	PROPN
cblr-2896	46	51	on	on	ADP
cblr-2896	46	52	reg	reg	PROPN
cblr-2896	46	53	.	.	PUNCT
cblr-2896	47	1	257	257	NUM
cblr-2896	47	2	(	(	PUNCT
cblr-2896	47	3	2010	2010	NUM
cblr-2896	47	4	)	)	PUNCT
cblr-2896	47	5	.	.	PUNCT
cblr-2896	48	1	837	837	NUM
cblr-2896	48	2	the	the	DET
cblr-2896	48	3	firm	firm	NOUN
cblr-2896	48	4	's	's	PART
cblr-2896	48	5	financial	financial	ADJ
cblr-2896	48	6	situation	situation	NOUN
cblr-2896	48	7	becomes	become	VERB
cblr-2896	48	8	more	more	ADV
cblr-2896	48	9	precarious	precarious	ADJ
cblr-2896	48	10	.	.	PUNCT
cblr-2896	49	1	it	it	PRON
cblr-2896	49	2	solves	solve	VERB
cblr-2896	49	3	the	the	DET
cblr-2896	49	4	"	"	PUNCT
cblr-2896	49	5	fuld	fuld	PROPN
cblr-2896	49	6	problem	problem	NOUN
cblr-2896	49	7	.	.	PUNCT
cblr-2896	49	8	"	"	PUNCT
cblr-2896	50	1	both	both	PRON
cblr-2896	50	2	of	of	ADP
cblr-2896	50	3	these	these	DET
cblr-2896	50	4	changes	change	NOUN
cblr-2896	50	5	in	in	ADP
cblr-2896	50	6	managerial	managerial	ADJ
cblr-2896	50	7	incentives	incentive	NOUN
cblr-2896	50	8	should	should	AUX
cblr-2896	50	9	reduce	reduce	VERB
cblr-2896	50	10	systemic	systemic	ADJ
cblr-2896	50	11	risk	risk	NOUN
cblr-2896	50	12	.	.	PUNCT
cblr-2896	51	1	finally	finally	ADV
cblr-2896	51	2	,	,	PUNCT
cblr-2896	51	3	this	this	DET
cblr-2896	51	4	article	article	NOUN
cblr-2896	51	5	explains	explain	VERB
cblr-2896	51	6	why	why	SCONJ
cblr-2896	51	7	boards	board	NOUN
cblr-2896	51	8	of	of	ADP
cblr-2896	51	9	directors	director	NOUN
cblr-2896	51	10	should	should	AUX
cblr-2896	51	11	adopt	adopt	VERB
cblr-2896	51	12	such	such	DET
cblr-2896	51	13	a	a	DET
cblr-2896	51	14	compensation	compensation	NOUN
cblr-2896	51	15	mechanism	mechanism	NOUN
cblr-2896	51	16	.	.	PUNCT
cblr-2896	52	1	this	this	PRON
cblr-2896	52	2	is	be	AUX
cblr-2896	52	3	because	because	SCONJ
cblr-2896	52	4	the	the	DET
cblr-2896	52	5	board	board	NOUN
cblr-2896	52	6	has	have	VERB
cblr-2896	52	7	distinct	distinct	ADJ
cblr-2896	52	8	fiduciary	fiduciary	ADJ
cblr-2896	52	9	duties	duty	NOUN
cblr-2896	52	10	as	as	SCONJ
cblr-2896	52	11	the	the	DET
cblr-2896	52	12	financial	financial	ADJ
cblr-2896	52	13	firm	firm	NOUN
cblr-2896	52	14	approaches	approach	VERB
cblr-2896	52	15	the	the	DET
cblr-2896	52	16	zone	zone	NOUN
cblr-2896	52	17	of	of	ADP
cblr-2896	52	18	insolvency	insolvency	NOUN
cblr-2896	52	19	.	.	PUNCT
cblr-2896	53	1	precisely	precisely	ADV
cblr-2896	53	2	because	because	SCONJ
cblr-2896	53	3	of	of	ADP
cblr-2896	53	4	the	the	DET
cblr-2896	53	5	widening	widen	VERB
cblr-2896	53	6	gap	gap	NOUN
cblr-2896	53	7	between	between	ADP
cblr-2896	53	8	the	the	DET
cblr-2896	53	9	interests	interest	NOUN
cblr-2896	53	10	of	of	ADP
cblr-2896	53	11	managers	manager	NOUN
cblr-2896	53	12	with	with	ADP
cblr-2896	53	13	large	large	ADJ
cblr-2896	53	14	undiversified	undiversified	ADJ
cblr-2896	53	15	equity	equity	NOUN
cblr-2896	53	16	stakes	stake	NOUN
cblr-2896	53	17	and	and	CCONJ
cblr-2896	53	18	the	the	DET
cblr-2896	53	19	public	public	ADJ
cblr-2896	53	20	shareholders	shareholder	NOUN
cblr-2896	53	21	who	who	PRON
cblr-2896	53	22	are	be	AUX
cblr-2896	53	23	presumptively	presumptively	ADV
cblr-2896	53	24	diversified	diversified	ADJ
cblr-2896	53	25	,	,	PUNCT
cblr-2896	53	26	the	the	DET
cblr-2896	53	27	board	board	NOUN
cblr-2896	53	28	needs	need	VERB
cblr-2896	53	29	to	to	PART
cblr-2896	53	30	intervene	intervene	VERB
cblr-2896	53	31	for	for	ADP
cblr-2896	53	32	similar	similar	ADJ
cblr-2896	53	33	reasons	reason	NOUN
cblr-2896	53	34	that	that	PRON
cblr-2896	53	35	call	call	VERB
cblr-2896	53	36	for	for	ADP
cblr-2896	53	37	special	special	ADJ
cblr-2896	53	38	board	board	NOUN
cblr-2896	53	39	action	action	NOUN
cblr-2896	53	40	in	in	ADP
cblr-2896	53	41	a	a	DET
cblr-2896	53	42	management	management	NOUN
cblr-2896	53	43	buyout	buyout	NOUN
cblr-2896	53	44	.	.	PUNCT
cblr-2896	54	1	the	the	DET
cblr-2896	54	2	board	board	NOUN
cblr-2896	54	3	can	can	AUX
cblr-2896	54	4	use	use	VERB
cblr-2896	54	5	an	an	DET
cblr-2896	54	6	ex	ex	NOUN
cblr-2896	54	7	ante	ante	NOUN
cblr-2896	54	8	approach	approach	NOUN
cblr-2896	54	9	like	like	ADP
cblr-2896	54	10	convertible	convertible	ADJ
cblr-2896	54	11	equity	equity	NOUN
cblr-2896	54	12	-	-	PUNCT
cblr-2896	54	13	based	base	VERB
cblr-2896	54	14	pay	pay	NOUN
cblr-2896	54	15	,	,	PUNCT
cblr-2896	54	16	or	or	CCONJ
cblr-2896	54	17	it	it	PRON
cblr-2896	54	18	can	can	AUX
cblr-2896	54	19	assume	assume	VERB
cblr-2896	54	20	direct	direct	ADJ
cblr-2896	54	21	responsibility	responsibility	NOUN
cblr-2896	54	22	for	for	ADP
cblr-2896	54	23	equity	equity	NOUN
cblr-2896	54	24	-	-	PUNCT
cblr-2896	54	25	raising	raise	VERB
cblr-2896	54	26	decisions	decision	NOUN
cblr-2896	54	27	or	or	CCONJ
cblr-2896	54	28	the	the	DET
cblr-2896	54	29	sale	sale	NOUN
cblr-2896	54	30	of	of	ADP
cblr-2896	54	31	the	the	DET
cblr-2896	54	32	firm	firm	NOUN
cblr-2896	54	33	.	.	PUNCT
cblr-2896	55	1	ii	ii	PROPN
cblr-2896	55	2	.	.	PUNCT
cblr-2896	55	3	corporate	corporate	ADJ
cblr-2896	55	4	governance	governance	NOUN
cblr-2896	55	5	and	and	CCONJ
cblr-2896	55	6	executive	executive	NOUN
cblr-2896	55	7	compensation	compensation	NOUN
cblr-2896	55	8	at	at	ADP
cblr-2896	55	9	financial	financial	ADJ
cblr-2896	55	10	firms	firm	NOUN
cblr-2896	55	11	a.	a.	PROPN
cblr-2896	55	12	financial	financial	PROPN
cblr-2896	55	13	firm	firm	PROPN
cblr-2896	55	14	shareholders	shareholder	NOUN
cblr-2896	55	15	and	and	CCONJ
cblr-2896	55	16	systemic	systemic	ADJ
cblr-2896	55	17	risk	risk	NOUN
cblr-2896	55	18	the	the	DET
cblr-2896	55	19	claim	claim	NOUN
cblr-2896	55	20	that	that	SCONJ
cblr-2896	55	21	shareholders	shareholder	NOUN
cblr-2896	55	22	would	would	AUX
cblr-2896	55	23	a	a	DET
cblr-2896	55	24	priori	priori	ADV
cblr-2896	55	25	have	have	VERB
cblr-2896	55	26	insufficient	insufficient	ADJ
cblr-2896	55	27	incentives	incentive	NOUN
cblr-2896	55	28	to	to	PART
cblr-2896	55	29	constrain	constrain	VERB
cblr-2896	55	30	"	"	PUNCT
cblr-2896	55	31	excessive	excessive	ADJ
cblr-2896	55	32	"	"	PUNCT
cblr-2896	55	33	managerial	managerial	ADJ
cblr-2896	55	34	risk	risk	NOUN
cblr-2896	55	35	-	-	PUNCT
cblr-2896	55	36	taking	taking	NOUN
cblr-2896	55	37	in	in	ADP
cblr-2896	55	38	the	the	DET
cblr-2896	55	39	financial	financial	ADJ
cblr-2896	55	40	firm	firm	NOUN
cblr-2896	55	41	rests	rest	VERB
cblr-2896	55	42	on	on	ADP
cblr-2896	55	43	a	a	DET
cblr-2896	55	44	model	model	NOUN
cblr-2896	55	45	of	of	ADP
cblr-2896	55	46	shareholder	shareholder	NOUN
cblr-2896	55	47	-	-	PUNCT
cblr-2896	55	48	manager	manager	NOUN
cblr-2896	55	49	interaction	interaction	NOUN
cblr-2896	55	50	in	in	ADP
cblr-2896	55	51	the	the	DET
cblr-2896	55	52	nonfinancial	nonfinancial	ADJ
cblr-2896	55	53	firm	firm	NOUN
cblr-2896	55	54	that	that	PRON
cblr-2896	55	55	does	do	AUX
cblr-2896	55	56	not	not	PART
cblr-2896	55	57	fit	fit	VERB
cblr-2896	55	58	financial	financial	ADJ
cblr-2896	55	59	firms	firm	NOUN
cblr-2896	55	60	.	.	PUNCT
cblr-2896	56	1	the	the	DET
cblr-2896	56	2	standard	standard	PROPN
cblr-2896	56	3	account	account	NOUN
cblr-2896	56	4	contemplates	contemplate	VERB
cblr-2896	56	5	an	an	DET
cblr-2896	56	6	incentive	incentive	NOUN
cblr-2896	56	7	mismatch	mismatch	NOUN
cblr-2896	56	8	between	between	ADP
cblr-2896	56	9	risk	risk	NOUN
cblr-2896	56	10	-	-	PUNCT
cblr-2896	56	11	neutral	neutral	ADJ
cblr-2896	56	12	(	(	PUNCT
cblr-2896	56	13	because	because	SCONJ
cblr-2896	56	14	diversified	diversified	ADJ
cblr-2896	56	15	)	)	PUNCT
cblr-2896	56	16	shareholder	shareholder	NOUN
cblr-2896	56	17	principals	principal	NOUN
cblr-2896	56	18	and	and	CCONJ
cblr-2896	56	19	risk	risk	NOUN
cblr-2896	56	20	-	-	PUNCT
cblr-2896	56	21	averse	averse	ADJ
cblr-2896	56	22	managers	manager	NOUN
cblr-2896	56	23	.	.	PUNCT
cblr-2896	57	1	thus	thus	ADV
cblr-2896	57	2	the	the	DET
cblr-2896	57	3	challenge	challenge	NOUN
cblr-2896	57	4	for	for	ADP
cblr-2896	57	5	shareholders	shareholder	NOUN
cblr-2896	57	6	is	be	AUX
cblr-2896	57	7	to	to	PART
cblr-2896	57	8	encourage	encourage	VERB
cblr-2896	57	9	managers	manager	NOUN
cblr-2896	57	10	to	to	PART
cblr-2896	57	11	take	take	VERB
cblr-2896	57	12	all	all	DET
cblr-2896	57	13	positive	positive	ADJ
cblr-2896	57	14	net	net	ADJ
cblr-2896	57	15	present	present	ADJ
cblr-2896	57	16	value	value	NOUN
cblr-2896	57	17	investment	investment	NOUN
cblr-2896	57	18	opportunities	opportunity	NOUN
cblr-2896	57	19	despite	despite	SCONJ
cblr-2896	57	20	the	the	DET
cblr-2896	57	21	possibility	possibility	NOUN
cblr-2896	57	22	that	that	SCONJ
cblr-2896	57	23	such	such	ADJ
cblr-2896	57	24	risk	risk	NOUN
cblr-2896	57	25	-	-	PUNCT
cblr-2896	57	26	taking	taking	NOUN
cblr-2896	57	27	may	may	AUX
cblr-2896	57	28	occasionally	occasionally	ADV
cblr-2896	57	29	turn	turn	VERB
cblr-2896	57	30	out	out	ADP
cblr-2896	57	31	very	very	ADV
cblr-2896	57	32	badly	badly	ADV
cblr-2896	57	33	,	,	PUNCT
cblr-2896	57	34	leading	lead	VERB
cblr-2896	57	35	to	to	ADP
cblr-2896	57	36	insolvency	insolvency	NOUN
cblr-2896	57	37	or	or	CCONJ
cblr-2896	57	38	restructuring	restructuring	NOUN
cblr-2896	57	39	,	,	PUNCT
cblr-2896	57	40	and	and	CCONJ
cblr-2896	57	41	the	the	DET
cblr-2896	57	42	consequent	consequent	ADJ
cblr-2896	57	43	destruction	destruction	NOUN
cblr-2896	57	44	of	of	ADP
cblr-2896	57	45	the	the	DET
cblr-2896	57	46	managers	manager	NOUN
cblr-2896	57	47	'	'	PART
cblr-2896	57	48	firm	firm	ADJ
cblr-2896	57	49	-	-	PUNCT
cblr-2896	57	50	specific	specific	ADJ
cblr-2896	57	51	human	human	ADJ
cblr-2896	57	52	capital	capital	NOUN
cblr-2896	57	53	investment	investment	NOUN
cblr-2896	57	54	.	.	PUNCT
cblr-2896	58	1	the	the	DET
cblr-2896	58	2	common	common	ADJ
cblr-2896	58	3	solution	solution	NOUN
cblr-2896	58	4	to	to	ADP
cblr-2896	58	5	this	this	DET
cblr-2896	58	6	problem	problem	NOUN
cblr-2896	58	7	is	be	AUX
cblr-2896	58	8	equity	equity	NOUN
cblr-2896	58	9	-	-	PUNCT
cblr-2896	58	10	based	base	VERB
cblr-2896	58	11	pay	pay	NOUN
cblr-2896	58	12	,	,	PUNCT
cblr-2896	58	13	838	838	NUM
cblr-2896	58	14	col	col	PROPN
cblr-2896	58	15	umbia	umbia	PROPN
cblr-2896	58	16	b	b	PROPN
cblr-2896	59	1	usiness	usiness	PROPN
cblr-2896	59	2	la	la	PROPN
cblr-2896	59	3	w	w	PROPN
cblr-2896	59	4	re	re	PROPN
cblr-2896	59	5	vie	vie	PROPN
cblr-2896	59	6	w	w	PROPN
cblr-2896	59	7	[	[	PUNCT
cblr-2896	59	8	vol	vol	NOUN
cblr-2896	59	9	.	.	NOUN
cblr-2896	59	10	2012	2012	NUM
cblr-2896	59	11	no	no	NOUN
cblr-2896	59	12	.	.	PUNCT
cblr-2896	60	1	3:834	3:834	NUM
cblr-2896	60	2	]	]	X
cblr-2896	60	3	the	the	DET
cblr-2896	60	4	case	case	NOUN
cblr-2896	60	5	for	for	ADP
cblr-2896	60	6	convertible	convertible	ADJ
cblr-2896	60	7	equity	equity	NOUN
cblr-2896	60	8	-	-	PUNCT
cblr-2896	60	9	based	base	VERB
cblr-2896	60	10	pay	pay	NOUN
cblr-2896	60	11	which	which	PRON
cblr-2896	60	12	puts	put	VERB
cblr-2896	60	13	the	the	DET
cblr-2896	60	14	managers	manager	NOUN
cblr-2896	60	15	in	in	ADP
cblr-2896	60	16	the	the	DET
cblr-2896	60	17	shareholders	shareholder	NOUN
cblr-2896	60	18	'	'	PART
cblr-2896	60	19	shoes	shoe	NOUN
cblr-2896	60	20	.	.	PUNCT
cblr-2896	60	21	'	'	PUNCT
cblr-2896	61	1	but	but	CCONJ
cblr-2896	61	2	this	this	DET
cblr-2896	61	3	set	set	VERB
cblr-2896	61	4	-	-	PUNCT
cblr-2896	61	5	up	up	ADP
cblr-2896	61	6	rests	rest	NOUN
cblr-2896	61	7	on	on	ADP
cblr-2896	61	8	the	the	DET
cblr-2896	61	9	critical	critical	ADJ
cblr-2896	61	10	assumption	assumption	NOUN
cblr-2896	61	11	that	that	SCONJ
cblr-2896	61	12	the	the	DET
cblr-2896	61	13	firm	firm	NOUN
cblr-2896	61	14	's	's	PART
cblr-2896	61	15	failure	failure	NOUN
cblr-2896	61	16	will	will	AUX
cblr-2896	61	17	not	not	PART
cblr-2896	61	18	otherwise	otherwise	ADV
cblr-2896	61	19	affect	affect	VERB
cblr-2896	61	20	the	the	DET
cblr-2896	61	21	diversified	diversified	ADJ
cblr-2896	61	22	investor	investor	NOUN
cblr-2896	61	23	's	's	PART
cblr-2896	61	24	portfolio	portfolio	NOUN
cblr-2896	61	25	in	in	ADP
cblr-2896	61	26	any	any	DET
cblr-2896	61	27	directional	directional	ADJ
cblr-2896	61	28	way	way	NOUN
cblr-2896	61	29	.	.	PUNCT
cblr-2896	62	1	competitors	competitor	NOUN
cblr-2896	62	2	of	of	ADP
cblr-2896	62	3	the	the	DET
cblr-2896	62	4	failed	fail	VERB
cblr-2896	62	5	firm	firm	NOUN
cblr-2896	62	6	may	may	AUX
cblr-2896	62	7	do	do	VERB
cblr-2896	62	8	better	well	ADV
cblr-2896	62	9	,	,	PUNCT
cblr-2896	62	10	suppliers	supplier	NOUN
cblr-2896	62	11	to	to	ADP
cblr-2896	62	12	the	the	DET
cblr-2896	62	13	failed	fail	VERB
cblr-2896	62	14	firm	firm	NOUN
cblr-2896	62	15	may	may	AUX
cblr-2896	62	16	do	do	VERB
cblr-2896	62	17	worse	bad	ADJ
cblr-2896	62	18	,	,	PUNCT
cblr-2896	62	19	but	but	CCONJ
cblr-2896	62	20	the	the	DET
cblr-2896	62	21	consequences	consequence	NOUN
cblr-2896	62	22	are	be	AUX
cblr-2896	62	23	"	"	PUNCT
cblr-2896	62	24	unbiased	unbiased	ADJ
cblr-2896	62	25	.	.	PUNCT
cblr-2896	62	26	"	"	PUNCT
cblr-2896	63	1	in	in	ADP
cblr-2896	63	2	other	other	ADJ
cblr-2896	63	3	words	word	NOUN
cblr-2896	63	4	,	,	PUNCT
cblr-2896	63	5	the	the	DET
cblr-2896	63	6	effects	effect	NOUN
cblr-2896	63	7	of	of	ADP
cblr-2896	63	8	the	the	DET
cblr-2896	63	9	failure	failure	NOUN
cblr-2896	63	10	will	will	AUX
cblr-2896	63	11	be	be	AUX
cblr-2896	63	12	"	"	PUNCT
cblr-2896	63	13	idiosyncratic	idiosyncratic	ADJ
cblr-2896	63	14	,	,	PUNCT
cblr-2896	63	15	"	"	PUNCT
cblr-2896	63	16	not	not	PART
cblr-2896	63	17	"	"	PUNCT
cblr-2896	63	18	systematic	systematic	ADJ
cblr-2896	63	19	.	.	PUNCT
cblr-2896	63	20	"	"	PUNCT
cblr-2896	64	1	thus	thus	ADV
cblr-2896	64	2	,	,	PUNCT
cblr-2896	64	3	if	if	SCONJ
cblr-2896	64	4	all	all	DET
cblr-2896	64	5	firms	firm	NOUN
cblr-2896	64	6	are	be	AUX
cblr-2896	64	7	taking	take	VERB
cblr-2896	64	8	good	good	ADJ
cblr-2896	64	9	bets	bet	NOUN
cblr-2896	64	10	,	,	PUNCT
cblr-2896	64	11	then	then	ADV
cblr-2896	64	12	on	on	ADP
cblr-2896	64	13	average	average	ADJ
cblr-2896	64	14	the	the	DET
cblr-2896	64	15	diversified	diversify	VERB
cblr-2896	64	16	investor	investor	NOUN
cblr-2896	64	17	will	will	AUX
cblr-2896	64	18	be	be	AUX
cblr-2896	64	19	better	well	ADJ
cblr-2896	64	20	off	off	ADV
cblr-2896	64	21	.	.	PUNCT
cblr-2896	65	1	this	this	PRON
cblr-2896	65	2	is	be	AUX
cblr-2896	65	3	not	not	PART
cblr-2896	65	4	the	the	DET
cblr-2896	65	5	case	case	NOUN
cblr-2896	65	6	when	when	SCONJ
cblr-2896	65	7	a	a	DET
cblr-2896	65	8	systemically	systemically	ADV
cblr-2896	65	9	significant	significant	ADJ
cblr-2896	65	10	financial	financial	ADJ
cblr-2896	65	11	firm	firm	NOUN
cblr-2896	65	12	fails	fail	VERB
cblr-2896	65	13	.	.	PUNCT
cblr-2896	66	1	as	as	SCONJ
cblr-2896	66	2	demonstrated	demonstrate	VERB
cblr-2896	66	3	by	by	ADP
cblr-2896	66	4	the	the	DET
cblr-2896	66	5	failure	failure	NOUN
cblr-2896	66	6	of	of	ADP
cblr-2896	66	7	lehman	lehman	PROPN
cblr-2896	66	8	brothers	brother	NOUN
cblr-2896	66	9	in	in	ADP
cblr-2896	66	10	september	september	PROPN
cblr-2896	66	11	2008	2008	NUM
cblr-2896	66	12	,	,	PUNCT
cblr-2896	66	13	such	such	DET
cblr-2896	66	14	a	a	DET
cblr-2896	66	15	failure	failure	NOUN
cblr-2896	66	16	has	have	VERB
cblr-2896	66	17	powerful	powerful	ADJ
cblr-2896	66	18	systematic	systematic	ADJ
cblr-2896	66	19	effects	effect	NOUN
cblr-2896	66	20	.	.	PUNCT
cblr-2896	67	1	the	the	DET
cblr-2896	67	2	failure	failure	NOUN
cblr-2896	67	3	of	of	ADP
cblr-2896	67	4	one	one	NUM
cblr-2896	67	5	financial	financial	ADJ
cblr-2896	67	6	firm	firm	NOUN
cblr-2896	67	7	will	will	AUX
cblr-2896	67	8	damage	damage	VERB
cblr-2896	67	9	its	its	PRON
cblr-2896	67	10	competitors	competitor	NOUN
cblr-2896	67	11	in	in	ADP
cblr-2896	67	12	the	the	DET
cblr-2896	67	13	financial	financial	ADJ
cblr-2896	67	14	sector	sector	NOUN
cblr-2896	67	15	and	and	CCONJ
cblr-2896	67	16	,	,	PUNCT
cblr-2896	67	17	because	because	SCONJ
cblr-2896	67	18	of	of	ADP
cblr-2896	67	19	the	the	DET
cblr-2896	67	20	importance	importance	NOUN
cblr-2896	67	21	of	of	ADP
cblr-2896	67	22	the	the	DET
cblr-2896	67	23	financial	financial	ADJ
cblr-2896	67	24	sector	sector	NOUN
cblr-2896	67	25	to	to	ADP
cblr-2896	67	26	the	the	DET
cblr-2896	67	27	real	real	ADJ
cblr-2896	67	28	economy	economy	NOUN
cblr-2896	67	29	,	,	PUNCT
cblr-2896	67	30	may	may	AUX
cblr-2896	67	31	cause	cause	VERB
cblr-2896	67	32	widespread	widespread	ADJ
cblr-2896	67	33	damage	damage	NOUN
cblr-2896	67	34	to	to	ADP
cblr-2896	67	35	nonfinancial	nonfinancial	ADJ
cblr-2896	67	36	firms	firm	NOUN
cblr-2896	67	37	as	as	ADV
cblr-2896	67	38	well	well	ADV
cblr-2896	67	39	.	.	PUNCT
cblr-2896	68	1	in	in	ADP
cblr-2896	68	2	short	short	ADJ
cblr-2896	68	3	,	,	PUNCT
cblr-2896	68	4	the	the	DET
cblr-2896	68	5	outbreak	outbreak	NOUN
cblr-2896	68	6	of	of	ADP
cblr-2896	68	7	systemic	systemic	ADJ
cblr-2896	68	8	distress	distress	NOUN
cblr-2896	68	9	can	can	AUX
cblr-2896	68	10	depress	depress	VERB
cblr-2896	68	11	values	value	NOUN
cblr-2896	68	12	throughout	throughout	ADP
cblr-2896	68	13	the	the	DET
cblr-2896	68	14	diversified	diversified	ADJ
cblr-2896	68	15	portfolio	portfolio	NOUN
cblr-2896	68	16	.	.	PUNCT
cblr-2896	69	1	more	more	ADV
cblr-2896	69	2	technically	technically	ADV
cblr-2896	69	3	,	,	PUNCT
cblr-2896	69	4	asset	asset	NOUN
cblr-2896	69	5	-	-	PUNCT
cblr-2896	69	6	pricing	pricing	NOUN
cblr-2896	69	7	models	model	NOUN
cblr-2896	69	8	generally	generally	ADV
cblr-2896	69	9	specify	specify	VERB
cblr-2896	69	10	that	that	SCONJ
cblr-2896	69	11	shareholders	shareholder	NOUN
cblr-2896	69	12	are	be	AUX
cblr-2896	69	13	compensated	compensate	VERB
cblr-2896	69	14	for	for	ADP
cblr-2896	69	15	bearing	bear	VERB
cblr-2896	69	16	systematic	systematic	ADJ
cblr-2896	69	17	risk	risk	NOUN
cblr-2896	69	18	(	(	PUNCT
cblr-2896	69	19	and	and	CCONJ
cblr-2896	69	20	perhaps	perhaps	ADV
cblr-2896	69	21	other	other	ADJ
cblr-2896	69	22	sorts	sort	NOUN
cblr-2896	69	23	of	of	ADP
cblr-2896	69	24	risk	risk	NOUN
cblr-2896	69	25	)	)	PUNCT
cblr-2896	69	26	.	.	PUNCT
cblr-2896	70	1	the	the	DET
cblr-2896	70	2	standard	standard	ADJ
cblr-2896	70	3	model	model	NOUN
cblr-2896	70	4	assumes	assume	VERB
cblr-2896	70	5	that	that	SCONJ
cblr-2896	70	6	the	the	DET
cblr-2896	70	7	level	level	NOUN
cblr-2896	70	8	of	of	ADP
cblr-2896	70	9	systematic	systematic	ADJ
cblr-2896	70	10	risk	risk	NOUN
cblr-2896	70	11	is	be	AUX
cblr-2896	70	12	not	not	PART
cblr-2896	70	13	affected	affect	VERB
cblr-2896	70	14	by	by	ADP
cblr-2896	70	15	the	the	DET
cblr-2896	70	16	failure	failure	NOUN
cblr-2896	70	17	of	of	ADP
cblr-2896	70	18	any	any	DET
cblr-2896	70	19	particular	particular	ADJ
cblr-2896	70	20	firm	firm	NOUN
cblr-2896	70	21	.	.	PUNCT
cblr-2896	71	1	this	this	PRON
cblr-2896	71	2	is	be	AUX
cblr-2896	71	3	not	not	PART
cblr-2896	71	4	the	the	DET
cblr-2896	71	5	case	case	NOUN
cblr-2896	71	6	for	for	ADP
cblr-2896	71	7	systemically	systemically	ADV
cblr-2896	71	8	important	important	ADJ
cblr-2896	71	9	financial	financial	ADJ
cblr-2896	71	10	firms	firm	NOUN
cblr-2896	71	11	.	.	PUNCT
cblr-2896	72	1	the	the	DET
cblr-2896	72	2	failure	failure	NOUN
cblr-2896	72	3	of	of	ADP
cblr-2896	72	4	one	one	NUM
cblr-2896	72	5	such	such	ADJ
cblr-2896	72	6	firm	firm	NOUN
cblr-2896	72	7	will	will	AUX
cblr-2896	72	8	increase	increase	VERB
cblr-2896	72	9	the	the	DET
cblr-2896	72	10	likelihood	likelihood	NOUN
cblr-2896	72	11	that	that	SCONJ
cblr-2896	72	12	other	other	ADJ
cblr-2896	72	13	financial	financial	ADJ
cblr-2896	72	14	firms	firm	NOUN
cblr-2896	72	15	will	will	AUX
cblr-2896	72	16	fail	fail	VERB
cblr-2896	72	17	due	due	ADP
cblr-2896	72	18	to	to	ADP
cblr-2896	72	19	contagion	contagion	NOUN
cblr-2896	72	20	or	or	CCONJ
cblr-2896	72	21	commonality	commonality	NOUN
cblr-2896	72	22	.	.	PUNCT
cblr-2896	72	23	'	'	PUNCT
cblr-2896	73	1	this	this	PRON
cblr-2896	73	2	will	will	AUX
cblr-2896	73	3	in	in	ADP
cblr-2896	73	4	4	4	NUM
cblr-2896	73	5	this	this	PRON
cblr-2896	73	6	is	be	AUX
cblr-2896	73	7	not	not	PART
cblr-2896	73	8	necessarily	necessarily	ADV
cblr-2896	73	9	optimal	optimal	ADJ
cblr-2896	73	10	from	from	ADP
cblr-2896	73	11	the	the	DET
cblr-2896	73	12	creditors	creditor	NOUN
cblr-2896	73	13	'	'	PART
cblr-2896	73	14	point	point	NOUN
cblr-2896	73	15	of	of	ADP
cblr-2896	73	16	view	view	NOUN
cblr-2896	73	17	,	,	PUNCT
cblr-2896	73	18	since	since	SCONJ
cblr-2896	73	19	creditors	creditor	NOUN
cblr-2896	73	20	internalize	internalize	VERB
cblr-2896	73	21	some	some	PRON
cblr-2896	73	22	of	of	ADP
cblr-2896	73	23	the	the	DET
cblr-2896	73	24	risk	risk	NOUN
cblr-2896	73	25	of	of	ADP
cblr-2896	73	26	business	business	NOUN
cblr-2896	73	27	failure	failure	NOUN
cblr-2896	73	28	.	.	PUNCT
cblr-2896	74	1	but	but	CCONJ
cblr-2896	74	2	the	the	DET
cblr-2896	74	3	standard	standard	ADJ
cblr-2896	74	4	model	model	NOUN
cblr-2896	74	5	assumes	assume	VERB
cblr-2896	74	6	that	that	SCONJ
cblr-2896	74	7	creditors	creditor	NOUN
cblr-2896	74	8	will	will	AUX
cblr-2896	74	9	generally	generally	ADV
cblr-2896	74	10	adjust	adjust	VERB
cblr-2896	74	11	via	via	ADP
cblr-2896	74	12	compensatory	compensatory	ADJ
cblr-2896	74	13	interest	interest	NOUN
cblr-2896	74	14	rates	rate	NOUN
cblr-2896	74	15	or	or	CCONJ
cblr-2896	74	16	protective	protective	ADJ
cblr-2896	74	17	covenants	covenant	NOUN
cblr-2896	74	18	.	.	PUNCT
cblr-2896	75	1	note	note	VERB
cblr-2896	75	2	that	that	SCONJ
cblr-2896	75	3	this	this	DET
cblr-2896	75	4	account	account	NOUN
cblr-2896	75	5	of	of	ADP
cblr-2896	75	6	stock	stock	NOUN
cblr-2896	75	7	-	-	PUNCT
cblr-2896	75	8	based	base	VERB
cblr-2896	75	9	compensation	compensation	NOUN
cblr-2896	75	10	also	also	ADV
cblr-2896	75	11	implies	imply	VERB
cblr-2896	75	12	an	an	DET
cblr-2896	75	13	optimal	optimal	ADJ
cblr-2896	75	14	level	level	NOUN
cblr-2896	75	15	of	of	ADP
cblr-2896	75	16	managerial	managerial	ADJ
cblr-2896	75	17	diversification	diversification	NOUN
cblr-2896	75	18	away	away	ADV
cblr-2896	75	19	from	from	ADP
cblr-2896	75	20	own	own	ADJ
cblr-2896	75	21	-	-	PUNCT
cblr-2896	75	22	firm	firm	NOUN
cblr-2896	75	23	stock	stock	NOUN
cblr-2896	75	24	.	.	PUNCT
cblr-2896	76	1	a	a	DET
cblr-2896	76	2	manager	manager	NOUN
cblr-2896	76	3	whose	whose	DET
cblr-2896	76	4	entire	entire	ADJ
cblr-2896	76	5	net	net	ADJ
cblr-2896	76	6	worth	worth	NOUN
cblr-2896	76	7	and	and	CCONJ
cblr-2896	76	8	human	human	ADJ
cblr-2896	76	9	capital	capital	NOUN
cblr-2896	76	10	is	be	AUX
cblr-2896	76	11	linked	link	VERB
cblr-2896	76	12	to	to	ADP
cblr-2896	76	13	a	a	DET
cblr-2896	76	14	single	single	ADJ
cblr-2896	76	15	firm	firm	NOUN
cblr-2896	76	16	may	may	AUX
cblr-2896	76	17	be	be	AUX
cblr-2896	76	18	even	even	ADV
cblr-2896	76	19	more	more	ADJ
cblr-2896	76	20	risk	risk	NOUN
cblr-2896	76	21	-	-	PUNCT
cblr-2896	76	22	averse	averse	ADJ
cblr-2896	76	23	,	,	PUNCT
cblr-2896	76	24	which	which	PRON
cblr-2896	76	25	will	will	AUX
cblr-2896	76	26	undermine	undermine	VERB
cblr-2896	76	27	risk	risk	NOUN
cblr-2896	76	28	-	-	PUNCT
cblr-2896	76	29	taking	take	VERB
cblr-2896	76	30	incentives	incentive	NOUN
cblr-2896	76	31	.	.	PUNCT
cblr-2896	77	1	5	5	NUM
cblr-2896	77	2	"	"	PUNCT
cblr-2896	77	3	contagion	contagion	NOUN
cblr-2896	77	4	"	"	PUNCT
cblr-2896	77	5	refers	refer	VERB
cblr-2896	77	6	to	to	ADP
cblr-2896	77	7	how	how	SCONJ
cblr-2896	77	8	the	the	DET
cblr-2896	77	9	failure	failure	NOUN
cblr-2896	77	10	of	of	ADP
cblr-2896	77	11	one	one	NUM
cblr-2896	77	12	financial	financial	ADJ
cblr-2896	77	13	firm	firm	NOUN
cblr-2896	77	14	could	could	AUX
cblr-2896	77	15	,	,	PUNCT
cblr-2896	77	16	because	because	SCONJ
cblr-2896	77	17	of	of	ADP
cblr-2896	77	18	interfirm	interfirm	ADJ
cblr-2896	77	19	credit	credit	NOUN
cblr-2896	77	20	relationships	relationship	NOUN
cblr-2896	77	21	,	,	PUNCT
cblr-2896	77	22	significantly	significantly	ADV
cblr-2896	77	23	increase	increase	VERB
cblr-2896	77	24	the	the	DET
cblr-2896	77	25	solvency	solvency	NOUN
cblr-2896	77	26	risk	risk	NOUN
cblr-2896	77	27	of	of	ADP
cblr-2896	77	28	other	other	ADJ
cblr-2896	77	29	financial	financial	ADJ
cblr-2896	77	30	firms	firm	NOUN
cblr-2896	77	31	and	and	CCONJ
cblr-2896	77	32	trigger	trigger	VERB
cblr-2896	77	33	a	a	DET
cblr-2896	77	34	cascading	cascade	VERB
cblr-2896	77	35	series	series	NOUN
cblr-2896	77	36	of	of	ADP
cblr-2896	77	37	runs	run	NOUN
cblr-2896	77	38	.	.	PUNCT
cblr-2896	78	1	"	"	PUNCT
cblr-2896	78	2	commonality	commonality	NOUN
cblr-2896	78	3	"	"	PUNCT
cblr-2896	78	4	refers	refer	VERB
cblr-2896	78	5	to	to	ADP
cblr-2896	78	6	how	how	SCONJ
cblr-2896	78	7	the	the	DET
cblr-2896	78	8	information	information	NOUN
cblr-2896	78	9	revealed	reveal	VERB
cblr-2896	78	10	from	from	ADP
cblr-2896	78	11	the	the	DET
cblr-2896	78	12	failure	failure	NOUN
cblr-2896	78	13	of	of	ADP
cblr-2896	78	14	one	one	NUM
cblr-2896	78	15	financial	financial	ADJ
cblr-2896	78	16	firm	firm	NOUN
cblr-2896	78	17	may	may	AUX
cblr-2896	78	18	increase	increase	VERB
cblr-2896	78	19	the	the	DET
cblr-2896	78	20	run	run	NOUN
cblr-2896	78	21	risk	risk	NOUN
cblr-2896	78	22	at	at	ADP
cblr-2896	78	23	other	other	ADJ
cblr-2896	78	24	firms	firm	NOUN
cblr-2896	78	25	839	839	NUM
cblr-2896	78	26	turn	turn	VERB
cblr-2896	78	27	lower	low	ADJ
cblr-2896	78	28	the	the	DET
cblr-2896	78	29	expected	expect	VERB
cblr-2896	78	30	profitability	profitability	NOUN
cblr-2896	78	31	of	of	ADP
cblr-2896	78	32	many	many	ADJ
cblr-2896	78	33	nonfinancial	nonfinancial	ADJ
cblr-2896	78	34	firms	firm	NOUN
cblr-2896	78	35	via	via	ADP
cblr-2896	78	36	knock	knock	NOUN
cblr-2896	78	37	-	-	PUNCT
cblr-2896	78	38	on	on	ADP
cblr-2896	78	39	effects	effect	NOUN
cblr-2896	78	40	from	from	ADP
cblr-2896	78	41	contraction	contraction	NOUN
cblr-2896	78	42	in	in	ADP
cblr-2896	78	43	the	the	DET
cblr-2896	78	44	financial	financial	ADJ
cblr-2896	78	45	sector	sector	NOUN
cblr-2896	78	46	.	.	PUNCT
cblr-2896	79	1	this	this	DET
cblr-2896	79	2	contraction	contraction	NOUN
cblr-2896	79	3	will	will	AUX
cblr-2896	79	4	reduce	reduce	VERB
cblr-2896	79	5	the	the	DET
cblr-2896	79	6	availability	availability	NOUN
cblr-2896	79	7	of	of	ADP
cblr-2896	79	8	credit	credit	NOUN
cblr-2896	79	9	and	and	CCONJ
cblr-2896	79	10	raise	raise	VERB
cblr-2896	79	11	its	its	PRON
cblr-2896	79	12	cost	cost	NOUN
cblr-2896	79	13	.	.	PUNCT
cblr-2896	80	1	the	the	DET
cblr-2896	80	2	failure	failure	NOUN
cblr-2896	80	3	of	of	ADP
cblr-2896	80	4	a	a	DET
cblr-2896	80	5	systemically	systemically	ADV
cblr-2896	80	6	important	important	ADJ
cblr-2896	80	7	firm	firm	NOUN
cblr-2896	80	8	adds	add	VERB
cblr-2896	80	9	a	a	DET
cblr-2896	80	10	new	new	ADJ
cblr-2896	80	11	sort	sort	NOUN
cblr-2896	80	12	of	of	ADP
cblr-2896	80	13	risk	risk	NOUN
cblr-2896	80	14	to	to	ADP
cblr-2896	80	15	the	the	DET
cblr-2896	80	16	economy	economy	NOUN
cblr-2896	80	17	.	.	PUNCT
cblr-2896	81	1	in	in	ADP
cblr-2896	81	2	short	short	ADJ
cblr-2896	81	3	,	,	PUNCT
cblr-2896	81	4	the	the	DET
cblr-2896	81	5	failure	failure	NOUN
cblr-2896	81	6	of	of	ADP
cblr-2896	81	7	a	a	DET
cblr-2896	81	8	systemically	systemically	ADV
cblr-2896	81	9	important	important	ADJ
cblr-2896	81	10	financial	financial	ADJ
cblr-2896	81	11	firm	firm	NOUN
cblr-2896	81	12	can	can	AUX
cblr-2896	81	13	reset	reset	VERB
cblr-2896	81	14	systematic	systematic	ADJ
cblr-2896	81	15	risk	risk	NOUN
cblr-2896	81	16	levels	level	NOUN
cblr-2896	81	17	,	,	PUNCT
cblr-2896	81	18	increase	increase	VERB
cblr-2896	81	19	the	the	DET
cblr-2896	81	20	systematic	systematic	ADJ
cblr-2896	81	21	risk	risk	NOUN
cblr-2896	81	22	-	-	PUNCT
cblr-2896	81	23	bearing	bear	VERB
cblr-2896	81	24	premium	premium	NOUN
cblr-2896	81	25	,	,	PUNCT
cblr-2896	81	26	and	and	CCONJ
cblr-2896	81	27	in	in	ADP
cblr-2896	81	28	turn	turn	NOUN
cblr-2896	81	29	generate	generate	VERB
cblr-2896	81	30	value	value	NOUN
cblr-2896	81	31	reductions	reduction	NOUN
cblr-2896	81	32	across	across	ADP
cblr-2896	81	33	a	a	DET
cblr-2896	81	34	diversified	diversified	ADJ
cblr-2896	81	35	portfolio	portfolio	NOUN
cblr-2896	81	36	.	.	PUNCT
cblr-2896	81	37	'	'	PUNCT
cblr-2896	82	1	thus	thus	ADV
cblr-2896	82	2	the	the	DET
cblr-2896	82	3	systemic	systemic	ADJ
cblr-2896	82	4	distress	distress	NOUN
cblr-2896	82	5	costs	cost	NOUN
cblr-2896	82	6	for	for	ADP
cblr-2896	82	7	diversified	diversified	ADJ
cblr-2896	82	8	investors	investor	NOUN
cblr-2896	82	9	are	be	AUX
cblr-2896	82	10	twofold	twofold	ADJ
cblr-2896	82	11	:	:	PUNCT
cblr-2896	82	12	first	first	ADV
cblr-2896	82	13	,	,	PUNCT
cblr-2896	82	14	a	a	DET
cblr-2896	82	15	reduction	reduction	NOUN
cblr-2896	82	16	in	in	ADP
cblr-2896	82	17	expected	expect	VERB
cblr-2896	82	18	returns	return	NOUN
cblr-2896	82	19	across	across	ADP
cblr-2896	82	20	the	the	DET
cblr-2896	82	21	economy	economy	NOUN
cblr-2896	82	22	;	;	PUNCT
cblr-2896	82	23	second	second	X
cblr-2896	82	24	,	,	PUNCT
cblr-2896	82	25	an	an	DET
cblr-2896	82	26	increase	increase	NOUN
cblr-2896	82	27	in	in	ADP
cblr-2896	82	28	the	the	DET
cblr-2896	82	29	systematic	systematic	ADJ
cblr-2896	82	30	risk	risk	NOUN
cblr-2896	82	31	premium	premium	NOUN
cblr-2896	82	32	.	.	PUNCT
cblr-2896	83	1	both	both	PRON
cblr-2896	83	2	will	will	AUX
cblr-2896	83	3	reduce	reduce	VERB
cblr-2896	83	4	the	the	DET
cblr-2896	83	5	value	value	NOUN
cblr-2896	83	6	of	of	ADP
cblr-2896	83	7	a	a	DET
cblr-2896	83	8	diversified	diversified	ADJ
cblr-2896	83	9	portfolio	portfolio	NOUN
cblr-2896	83	10	.	.	PUNCT
cblr-2896	84	1	this	this	PRON
cblr-2896	84	2	is	be	AUX
cblr-2896	84	3	a	a	DET
cblr-2896	84	4	point	point	NOUN
cblr-2896	84	5	with	with	ADP
cblr-2896	84	6	far	far	ADV
cblr-2896	84	7	-	-	PUNCT
cblr-2896	84	8	reaching	reach	VERB
cblr-2896	84	9	implications	implication	NOUN
cblr-2896	84	10	.	.	PUNCT
cblr-2896	85	1	managers	manager	NOUN
cblr-2896	85	2	who	who	PRON
cblr-2896	85	3	have	have	VERB
cblr-2896	85	4	large	large	ADJ
cblr-2896	85	5	equity	equity	NOUN
cblr-2896	85	6	positions	position	NOUN
cblr-2896	85	7	in	in	ADP
cblr-2896	85	8	their	their	PRON
cblr-2896	85	9	firms	firm	NOUN
cblr-2896	85	10	are	be	AUX
cblr-2896	85	11	in	in	ADP
cblr-2896	85	12	a	a	DET
cblr-2896	85	13	substantially	substantially	ADV
cblr-2896	85	14	different	different	ADJ
cblr-2896	85	15	position	position	NOUN
cblr-2896	85	16	from	from	ADP
cblr-2896	85	17	diversified	diversified	ADJ
cblr-2896	85	18	public	public	ADJ
cblr-2896	85	19	shareholders	shareholder	NOUN
cblr-2896	85	20	.	.	PUNCT
cblr-2896	86	1	such	such	ADJ
cblr-2896	86	2	managers	manager	NOUN
cblr-2896	86	3	do	do	AUX
cblr-2896	86	4	not	not	PART
cblr-2896	86	5	internalize	internalize	VERB
cblr-2896	86	6	sufficiently	sufficiently	ADV
cblr-2896	86	7	the	the	DET
cblr-2896	86	8	consequences	consequence	NOUN
cblr-2896	86	9	of	of	ADP
cblr-2896	86	10	systemic	systemic	ADJ
cblr-2896	86	11	distress	distress	NOUN
cblr-2896	86	12	because	because	SCONJ
cblr-2896	86	13	their	their	PRON
cblr-2896	86	14	financial	financial	ADJ
cblr-2896	86	15	and	and	CCONJ
cblr-2896	86	16	human	human	ADJ
cblr-2896	86	17	capital	capital	NOUN
cblr-2896	86	18	investments	investment	NOUN
cblr-2896	86	19	may	may	AUX
cblr-2896	86	20	be	be	AUX
cblr-2896	86	21	undiversified	undiversifie	VERB
cblr-2896	86	22	.	.	PUNCT
cblr-2896	87	1	indeed	indeed	ADV
cblr-2896	87	2	,	,	PUNCT
cblr-2896	87	3	a	a	DET
cblr-2896	87	4	major	major	ADJ
cblr-2896	87	5	thrust	thrust	NOUN
cblr-2896	87	6	of	of	ADP
cblr-2896	87	7	recent	recent	ADJ
cblr-2896	87	8	compensation	compensation	NOUN
cblr-2896	87	9	reform	reform	NOUN
cblr-2896	87	10	has	have	AUX
cblr-2896	87	11	been	be	AUX
cblr-2896	87	12	to	to	PART
cblr-2896	87	13	increase	increase	VERB
cblr-2896	87	14	managerial	managerial	ADJ
cblr-2896	87	15	"	"	PUNCT
cblr-2896	87	16	skin	skin	NOUN
cblr-2896	87	17	in	in	ADP
cblr-2896	87	18	the	the	DET
cblr-2896	87	19	game	game	NOUN
cblr-2896	87	20	,	,	PUNCT
cblr-2896	87	21	"	"	PUNCT
cblr-2896	87	22	and	and	CCONJ
cblr-2896	87	23	in	in	ADP
cblr-2896	87	24	particular	particular	ADJ
cblr-2896	87	25	to	to	PART
cblr-2896	87	26	increase	increase	VERB
cblr-2896	87	27	sensitivity	sensitivity	NOUN
cblr-2896	87	28	of	of	ADP
cblr-2896	87	29	managerial	managerial	ADJ
cblr-2896	87	30	wealth	wealth	NOUN
cblr-2896	87	31	to	to	ADP
cblr-2896	87	32	the	the	DET
cblr-2896	87	33	firm	firm	NOUN
cblr-2896	87	34	's	's	PART
cblr-2896	87	35	performance	performance	NOUN
cblr-2896	87	36	.	.	PUNCT
cblr-2896	88	1	as	as	ADP
cblr-2896	88	2	the	the	DET
cblr-2896	88	3	financial	financial	ADJ
cblr-2896	88	4	firm	firm	NOUN
cblr-2896	88	5	heads	head	NOUN
cblr-2896	88	6	for	for	ADP
cblr-2896	88	7	trouble	trouble	NOUN
cblr-2896	88	8	,	,	PUNCT
cblr-2896	88	9	this	this	PRON
cblr-2896	88	10	opens	open	VERB
cblr-2896	88	11	a	a	DET
cblr-2896	88	12	gap	gap	NOUN
cblr-2896	88	13	between	between	ADP
cblr-2896	88	14	managers	manager	NOUN
cblr-2896	88	15	,	,	PUNCT
cblr-2896	88	16	who	who	PRON
cblr-2896	88	17	do	do	AUX
cblr-2896	88	18	not	not	PART
cblr-2896	88	19	internalize	internalize	VERB
cblr-2896	88	20	the	the	DET
cblr-2896	88	21	full	full	ADJ
cblr-2896	88	22	consequences	consequence	NOUN
cblr-2896	88	23	of	of	ADP
cblr-2896	88	24	the	the	DET
cblr-2896	88	25	firm	firm	NOUN
cblr-2896	88	26	's	's	PART
cblr-2896	88	27	failure	failure	NOUN
cblr-2896	88	28	,	,	PUNCT
cblr-2896	88	29	and	and	CCONJ
cblr-2896	88	30	diversified	diversified	ADJ
cblr-2896	88	31	shareholders	shareholder	NOUN
cblr-2896	88	32	,	,	PUNCT
cblr-2896	88	33	who	who	PRON
cblr-2896	88	34	do	do	VERB
cblr-2896	88	35	.	.	PUNCT
cblr-2896	88	36	'	'	PUNCT
cblr-2896	89	1	following	follow	VERB
cblr-2896	89	2	a	a	DET
cblr-2896	89	3	similar	similar	ADJ
cblr-2896	89	4	asset	asset	NOUN
cblr-2896	89	5	and	and	CCONJ
cblr-2896	89	6	liability	liability	NOUN
cblr-2896	89	7	strategy	strategy	NOUN
cblr-2896	89	8	.	.	PUNCT
cblr-2896	90	1	uncertainty	uncertainty	NOUN
cblr-2896	90	2	about	about	ADP
cblr-2896	90	3	the	the	DET
cblr-2896	90	4	extent	extent	NOUN
cblr-2896	90	5	to	to	PART
cblr-2896	90	6	which	which	PRON
cblr-2896	90	7	particular	particular	ADJ
cblr-2896	90	8	firms	firm	NOUN
cblr-2896	90	9	are	be	AUX
cblr-2896	90	10	exposed	expose	VERB
cblr-2896	90	11	to	to	ADP
cblr-2896	90	12	these	these	DET
cblr-2896	90	13	sources	source	NOUN
cblr-2896	90	14	of	of	ADP
cblr-2896	90	15	systemic	systemic	ADJ
cblr-2896	90	16	risk	risk	NOUN
cblr-2896	90	17	contributes	contribute	VERB
cblr-2896	90	18	to	to	ADP
cblr-2896	90	19	the	the	DET
cblr-2896	90	20	run	run	NOUN
cblr-2896	90	21	cascade	cascade	NOUN
cblr-2896	90	22	.	.	PUNCT
cblr-2896	91	1	see	see	VERB
cblr-2896	91	2	jeffrey	jeffrey	PROPN
cblr-2896	91	3	n.	n.	PROPN
cblr-2896	91	4	gordon	gordon	PROPN
cblr-2896	91	5	&	&	CCONJ
cblr-2896	91	6	christopher	christopher	PROPN
cblr-2896	91	7	muller	muller	PROPN
cblr-2896	91	8	,	,	PUNCT
cblr-2896	91	9	confronting	confront	VERB
cblr-2896	91	10	financial	financial	ADJ
cblr-2896	91	11	crisis	crisis	NOUN
cblr-2896	91	12	:	:	PUNCT
cblr-2896	91	13	dodd	dodd	PROPN
cblr-2896	91	14	-	-	PUNCT
cblr-2896	91	15	frank	frank	PROPN
cblr-2896	91	16	's	's	PART
cblr-2896	91	17	dangers	danger	NOUN
cblr-2896	91	18	and	and	CCONJ
cblr-2896	91	19	the	the	DET
cblr-2896	91	20	case	case	NOUN
cblr-2896	91	21	for	for	ADP
cblr-2896	91	22	a	a	DET
cblr-2896	91	23	systemic	systemic	ADJ
cblr-2896	91	24	emergency	emergency	NOUN
cblr-2896	91	25	insurance	insurance	NOUN
cblr-2896	91	26	fund	fund	NOUN
cblr-2896	91	27	,	,	PUNCT
cblr-2896	91	28	28	28	NUM
cblr-2896	91	29	yale	yale	PROPN
cblr-2896	91	30	j.	j.	PROPN
cblr-2896	91	31	on	on	ADP
cblr-2896	91	32	reg	reg	PROPN
cblr-2896	91	33	.	.	PUNCT
cblr-2896	92	1	151	151	NUM
cblr-2896	92	2	,	,	PUNCT
cblr-2896	92	3	160	160	NUM
cblr-2896	92	4	(	(	PUNCT
cblr-2896	92	5	2011	2011	NUM
cblr-2896	92	6	)	)	PUNCT
cblr-2896	92	7	.	.	PUNCT
cblr-2896	93	1	6	6	NUM
cblr-2896	93	2	a	a	DET
cblr-2896	93	3	more	more	ADV
cblr-2896	93	4	formal	formal	ADJ
cblr-2896	93	5	way	way	NOUN
cblr-2896	93	6	to	to	PART
cblr-2896	93	7	make	make	VERB
cblr-2896	93	8	the	the	DET
cblr-2896	93	9	point	point	NOUN
cblr-2896	93	10	is	be	AUX
cblr-2896	93	11	to	to	PART
cblr-2896	93	12	say	say	VERB
cblr-2896	93	13	that	that	SCONJ
cblr-2896	93	14	the	the	DET
cblr-2896	93	15	level	level	NOUN
cblr-2896	93	16	of	of	ADP
cblr-2896	93	17	systematic	systematic	ADJ
cblr-2896	93	18	risk	risk	NOUN
cblr-2896	93	19	is	be	AUX
cblr-2896	93	20	affected	affect	VERB
cblr-2896	93	21	by	by	ADP
cblr-2896	93	22	the	the	DET
cblr-2896	93	23	existence	existence	NOUN
cblr-2896	93	24	of	of	ADP
cblr-2896	93	25	systemically	systemically	ADV
cblr-2896	93	26	important	important	ADJ
cblr-2896	93	27	firms	firm	NOUN
cblr-2896	93	28	in	in	ADP
cblr-2896	93	29	the	the	DET
cblr-2896	93	30	economy	economy	NOUN
cblr-2896	93	31	and	and	CCONJ
cblr-2896	93	32	the	the	DET
cblr-2896	93	33	probability	probability	NOUN
cblr-2896	93	34	of	of	ADP
cblr-2896	93	35	their	their	PRON
cblr-2896	93	36	failure	failure	NOUN
cblr-2896	93	37	.	.	PUNCT
cblr-2896	94	1	by	by	ADP
cblr-2896	94	2	revealing	reveal	VERB
cblr-2896	94	3	information	information	NOUN
cblr-2896	94	4	about	about	ADP
cblr-2896	94	5	the	the	DET
cblr-2896	94	6	probability	probability	NOUN
cblr-2896	94	7	distribution	distribution	NOUN
cblr-2896	94	8	,	,	PUNCT
cblr-2896	94	9	the	the	DET
cblr-2896	94	10	actual	actual	ADJ
cblr-2896	94	11	failure	failure	NOUN
cblr-2896	94	12	of	of	ADP
cblr-2896	94	13	any	any	DET
cblr-2896	94	14	such	such	ADJ
cblr-2896	94	15	firm	firm	NOUN
cblr-2896	94	16	immediately	immediately	ADV
cblr-2896	94	17	increases	increase	VERB
cblr-2896	94	18	the	the	DET
cblr-2896	94	19	systematic	systematic	ADJ
cblr-2896	94	20	risk	risk	NOUN
cblr-2896	94	21	discount	discount	NOUN
cblr-2896	94	22	.	.	PUNCT
cblr-2896	95	1	7	7	NUM
cblr-2896	95	2	another	another	DET
cblr-2896	95	3	way	way	NOUN
cblr-2896	95	4	to	to	PART
cblr-2896	95	5	frame	frame	VERB
cblr-2896	95	6	the	the	DET
cblr-2896	95	7	point	point	NOUN
cblr-2896	95	8	is	be	AUX
cblr-2896	95	9	to	to	PART
cblr-2896	95	10	say	say	VERB
cblr-2896	95	11	that	that	SCONJ
cblr-2896	95	12	economic	economic	ADJ
cblr-2896	95	13	losses	loss	NOUN
cblr-2896	95	14	of	of	ADP
cblr-2896	95	15	diversified	diversified	ADJ
cblr-2896	95	16	shareholders	shareholder	NOUN
cblr-2896	95	17	of	of	ADP
cblr-2896	95	18	a	a	DET
cblr-2896	95	19	systemically	systemically	ADV
cblr-2896	95	20	important	important	ADJ
cblr-2896	95	21	financial	financial	ADJ
cblr-2896	95	22	firm	firm	NOUN
cblr-2896	95	23	are	be	AUX
cblr-2896	95	24	not	not	PART
cblr-2896	95	25	840	840	NUM
cblr-2896	95	26	col	col	PROPN
cblr-2896	95	27	umia	umia	PROPN
cblr-2896	95	28	b	b	PROPN
cblr-2896	95	29	usiness	usiness	PROPN
cblr-2896	95	30	la	la	PROPN
cblr-2896	95	31	w	w	PROPN
cblr-2896	95	32	re	re	PROPN
cblr-2896	95	33	vie	vie	PROPN
cblr-2896	95	34	w	w	PROPN
cblr-2896	96	1	[	[	X
cblr-2896	96	2	vol	vol	NOUN
cblr-2896	96	3	.	.	NOUN
cblr-2896	96	4	2012	2012	NUM
cblr-2896	96	5	no	no	NOUN
cblr-2896	96	6	.	.	PUNCT
cblr-2896	97	1	3:834	3:834	NUM
cblr-2896	97	2	]	]	X
cblr-2896	97	3	the	the	DET
cblr-2896	97	4	case	case	NOUN
cblr-2896	97	5	for	for	ADP
cblr-2896	97	6	convertible	convertible	ADJ
cblr-2896	97	7	equity	equity	NOUN
cblr-2896	97	8	-	-	PUNCT
cblr-2896	97	9	based	base	VERB
cblr-2896	97	10	pay	pay	NOUN
cblr-2896	97	11	this	this	DET
cblr-2896	97	12	analysis	analysis	NOUN
cblr-2896	97	13	points	point	NOUN
cblr-2896	97	14	to	to	ADP
cblr-2896	97	15	two	two	NUM
cblr-2896	97	16	areas	area	NOUN
cblr-2896	97	17	of	of	ADP
cblr-2896	97	18	incentive	incentive	NOUN
cblr-2896	97	19	incompatibility	incompatibility	NOUN
cblr-2896	97	20	:	:	PUNCT
cblr-2896	97	21	first	first	ADV
cblr-2896	97	22	,	,	PUNCT
cblr-2896	97	23	the	the	DET
cblr-2896	97	24	general	general	ADJ
cblr-2896	97	25	risk	risk	NOUN
cblr-2896	97	26	profile	profile	NOUN
cblr-2896	97	27	of	of	ADP
cblr-2896	97	28	financial	financial	ADJ
cblr-2896	97	29	firms	firm	NOUN
cblr-2896	97	30	;	;	PUNCT
cblr-2896	97	31	second	second	ADJ
cblr-2896	97	32	,	,	PUNCT
cblr-2896	97	33	decision	decision	NOUN
cblr-2896	97	34	making	making	NOUN
cblr-2896	97	35	when	when	SCONJ
cblr-2896	97	36	the	the	DET
cblr-2896	97	37	firm	firm	NOUN
cblr-2896	97	38	faces	face	VERB
cblr-2896	97	39	financial	financial	ADJ
cblr-2896	97	40	distress	distress	NOUN
cblr-2896	97	41	.	.	PUNCT
cblr-2896	98	1	the	the	DET
cblr-2896	98	2	"	"	PUNCT
cblr-2896	98	3	wedge	wedge	NOUN
cblr-2896	98	4	"	"	PUNCT
cblr-2896	98	5	in	in	ADP
cblr-2896	98	6	the	the	DET
cblr-2896	98	7	design	design	NOUN
cblr-2896	98	8	of	of	ADP
cblr-2896	98	9	optimal	optimal	ADJ
cblr-2896	98	10	compensation	compensation	NOUN
cblr-2896	98	11	is	be	AUX
cblr-2896	98	12	not	not	PART
cblr-2896	98	13	between	between	ADP
cblr-2896	98	14	managers	manager	NOUN
cblr-2896	98	15	-	-	PUNCT
cblr-2896	98	16	and	and	CCONJ
cblr-2896	98	17	-	-	PUNCT
cblr-2896	98	18	shareholders	shareholder	NOUN
cblr-2896	98	19	and	and	CCONJ
cblr-2896	98	20	society	society	NOUN
cblr-2896	98	21	,	,	PUNCT
cblr-2896	98	22	but	but	CCONJ
cblr-2896	98	23	between	between	ADP
cblr-2896	98	24	managers	manager	NOUN
cblr-2896	98	25	and	and	CCONJ
cblr-2896	98	26	shareholders	shareholder	NOUN
cblr-2896	98	27	-	-	PUNCT
cblr-2896	98	28	and	and	CCONJ
cblr-2896	98	29	-	-	PUNCT
cblr-2896	98	30	society	society	NOUN
cblr-2896	98	31	.	.	PUNCT
cblr-2896	99	1	now	now	ADV
cblr-2896	99	2	to	to	PART
cblr-2896	99	3	reframe	reframe	VERB
cblr-2896	99	4	the	the	DET
cblr-2896	99	5	point	point	NOUN
cblr-2896	99	6	in	in	ADP
cblr-2896	99	7	governance	governance	NOUN
cblr-2896	99	8	terms	term	NOUN
cblr-2896	99	9	:	:	PUNCT
cblr-2896	99	10	the	the	DET
cblr-2896	99	11	standard	standard	ADJ
cblr-2896	99	12	model	model	NOUN
cblr-2896	99	13	of	of	ADP
cblr-2896	99	14	executive	executive	ADJ
cblr-2896	99	15	compensation	compensation	NOUN
cblr-2896	99	16	drawn	draw	VERB
cblr-2896	99	17	from	from	ADP
cblr-2896	99	18	nonfinancial	nonfinancial	ADJ
cblr-2896	99	19	firms	firm	NOUN
cblr-2896	99	20	is	be	AUX
cblr-2896	99	21	that	that	SCONJ
cblr-2896	99	22	systematic	systematic	ADJ
cblr-2896	99	23	risk	risk	NOUN
cblr-2896	99	24	levels	level	NOUN
cblr-2896	99	25	are	be	AUX
cblr-2896	99	26	not	not	PART
cblr-2896	99	27	changed	change	VERB
cblr-2896	99	28	by	by	ADP
cblr-2896	99	29	terms	term	NOUN
cblr-2896	99	30	of	of	ADP
cblr-2896	99	31	the	the	DET
cblr-2896	99	32	shareholder	shareholder	NOUN
cblr-2896	99	33	-	-	PUNCT
cblr-2896	99	34	manager	manager	NOUN
cblr-2896	99	35	contract	contract	NOUN
cblr-2896	99	36	.	.	PUNCT
cblr-2896	100	1	this	this	PRON
cblr-2896	100	2	follows	follow	VERB
cblr-2896	100	3	from	from	ADP
cblr-2896	100	4	the	the	DET
cblr-2896	100	5	observation	observation	NOUN
cblr-2896	100	6	above	above	ADP
cblr-2896	100	7	that	that	DET
cblr-2896	100	8	systematic	systematic	ADJ
cblr-2896	100	9	risk	risk	NOUN
cblr-2896	100	10	levels	level	NOUN
cblr-2896	100	11	are	be	AUX
cblr-2896	100	12	not	not	PART
cblr-2896	100	13	affected	affect	VERB
cblr-2896	100	14	by	by	ADP
cblr-2896	100	15	individual	individual	ADJ
cblr-2896	100	16	firm	firm	ADJ
cblr-2896	100	17	failure	failure	NOUN
cblr-2896	100	18	.	.	PUNCT
cblr-2896	101	1	thus	thus	ADV
cblr-2896	101	2	assuming	assume	VERB
cblr-2896	101	3	all	all	DET
cblr-2896	101	4	actions	action	NOUN
cblr-2896	101	5	are	be	AUX
cblr-2896	101	6	positive	positive	ADJ
cblr-2896	101	7	net	net	ADJ
cblr-2896	101	8	present	present	ADJ
cblr-2896	101	9	value	value	NOUN
cblr-2896	101	10	bets	bet	NOUN
cblr-2896	101	11	,	,	PUNCT
cblr-2896	101	12	"	"	PUNCT
cblr-2896	101	13	'	'	PUNCT
cblr-2896	101	14	excessive	excessive	ADJ
cblr-2896	101	15	"	"	PUNCT
cblr-2896	101	16	managerial	managerial	ADJ
cblr-2896	101	17	risk	risk	NOUN
cblr-2896	101	18	-	-	PUNCT
cblr-2896	101	19	taking	taking	NOUN
cblr-2896	101	20	is	be	AUX
cblr-2896	101	21	not	not	PART
cblr-2896	101	22	a	a	DET
cblr-2896	101	23	coherent	coherent	ADJ
cblr-2896	101	24	idea	idea	NOUN
cblr-2896	101	25	for	for	ADP
cblr-2896	101	26	the	the	DET
cblr-2896	101	27	nonfinancial	nonfinancial	ADJ
cblr-2896	101	28	firm	firm	NOUN
cblr-2896	101	29	.	.	PUNCT
cblr-2896	102	1	but	but	CCONJ
cblr-2896	102	2	that	that	DET
cblr-2896	102	3	conclusion	conclusion	NOUN
cblr-2896	102	4	does	do	AUX
cblr-2896	102	5	not	not	PART
cblr-2896	102	6	follow	follow	VERB
cblr-2896	102	7	for	for	ADP
cblr-2896	102	8	a	a	DET
cblr-2896	102	9	systemically	systemically	ADV
cblr-2896	102	10	significant	significant	ADJ
cblr-2896	102	11	financial	financial	ADJ
cblr-2896	102	12	firm	firm	NOUN
cblr-2896	102	13	,	,	PUNCT
cblr-2896	102	14	even	even	ADV
cblr-2896	102	15	from	from	ADP
cblr-2896	102	16	the	the	DET
cblr-2896	102	17	shareholder	shareholder	NOUN
cblr-2896	102	18	point	point	NOUN
cblr-2896	102	19	of	of	ADP
cblr-2896	102	20	view	view	NOUN
cblr-2896	102	21	.	.	PUNCT
cblr-2896	103	1	thus	thus	ADV
cblr-2896	103	2	a	a	DET
cblr-2896	103	3	compensation	compensation	NOUN
cblr-2896	103	4	mechanism	mechanism	NOUN
cblr-2896	103	5	that	that	PRON
cblr-2896	103	6	reduces	reduce	VERB
cblr-2896	103	7	the	the	DET
cblr-2896	103	8	probability	probability	NOUN
cblr-2896	103	9	of	of	ADP
cblr-2896	103	10	the	the	DET
cblr-2896	103	11	failure	failure	NOUN
cblr-2896	103	12	of	of	ADP
cblr-2896	103	13	a	a	DET
cblr-2896	103	14	systemically	systemically	ADV
cblr-2896	103	15	important	important	ADJ
cblr-2896	103	16	financial	financial	ADJ
cblr-2896	103	17	firm	firm	NOUN
cblr-2896	103	18	may	may	AUX
cblr-2896	103	19	redound	redound	VERB
cblr-2896	103	20	to	to	ADP
cblr-2896	103	21	the	the	DET
cblr-2896	103	22	diversified	diversify	VERB
cblr-2896	103	23	shareholder	shareholder	NOUN
cblr-2896	103	24	's	's	PART
cblr-2896	103	25	benefit	benefit	NOUN
cblr-2896	103	26	,	,	PUNCT
cblr-2896	103	27	even	even	ADV
cblr-2896	103	28	if	if	SCONJ
cblr-2896	103	29	the	the	DET
cblr-2896	103	30	consequence	consequence	NOUN
cblr-2896	103	31	is	be	AUX
cblr-2896	103	32	to	to	PART
cblr-2896	103	33	reduce	reduce	VERB
cblr-2896	103	34	positive	positive	ADJ
cblr-2896	103	35	net	net	ADJ
cblr-2896	103	36	present	present	ADJ
cblr-2896	103	37	value	value	NOUN
cblr-2896	103	38	risk	risk	NOUN
cblr-2896	103	39	-	-	PUNCT
cblr-2896	103	40	taking	taking	NOUN
cblr-2896	103	41	at	at	ADP
cblr-2896	103	42	a	a	DET
cblr-2896	103	43	specific	specific	ADJ
cblr-2896	103	44	firm	firm	NOUN
cblr-2896	103	45	.	.	PUNCT
cblr-2896	104	1	b.	b.	PROPN
cblr-2896	104	2	corporate	corporate	ADJ
cblr-2896	104	3	governance	governance	NOUN
cblr-2896	104	4	in	in	ADP
cblr-2896	104	5	the	the	DET
cblr-2896	104	6	financial	financial	ADJ
cblr-2896	104	7	firm	firm	NOUN
cblr-2896	104	8	the	the	DET
cblr-2896	104	9	argument	argument	NOUN
cblr-2896	104	10	thus	thus	ADV
cblr-2896	104	11	far	far	ADV
cblr-2896	104	12	is	be	AUX
cblr-2896	104	13	that	that	SCONJ
cblr-2896	104	14	there	there	PRON
cblr-2896	104	15	is	be	VERB
cblr-2896	104	16	a	a	DET
cblr-2896	104	17	distinct	distinct	ADJ
cblr-2896	104	18	"	"	PUNCT
cblr-2896	104	19	business	business	NOUN
cblr-2896	104	20	case	case	NOUN
cblr-2896	104	21	"	"	PUNCT
cblr-2896	104	22	for	for	ADP
cblr-2896	104	23	shareholder	shareholder	NOUN
cblr-2896	104	24	governance	governance	NOUN
cblr-2896	104	25	activism	activism	NOUN
cblr-2896	104	26	to	to	PART
cblr-2896	104	27	shape	shape	VERB
cblr-2896	104	28	the	the	DET
cblr-2896	104	29	management	management	NOUN
cblr-2896	104	30	compensation	compensation	NOUN
cblr-2896	104	31	contract	contract	NOUN
cblr-2896	104	32	so	so	SCONJ
cblr-2896	104	33	as	as	SCONJ
cblr-2896	104	34	to	to	PART
cblr-2896	104	35	mitigate	mitigate	VERB
cblr-2896	104	36	systemic	systemic	ADJ
cblr-2896	104	37	risk	risk	NOUN
cblr-2896	104	38	.	.	PUNCT
cblr-2896	105	1	economically	economically	ADV
cblr-2896	105	2	motivated	motivated	ADJ
cblr-2896	105	3	shareholders	shareholder	NOUN
cblr-2896	105	4	as	as	ADV
cblr-2896	105	5	well	well	ADV
cblr-2896	105	6	as	as	ADP
cblr-2896	105	7	socially	socially	ADV
cblr-2896	105	8	responsible	responsible	ADJ
cblr-2896	105	9	shareholders	shareholder	NOUN
cblr-2896	105	10	have	have	VERB
cblr-2896	105	11	a	a	DET
cblr-2896	105	12	stake	stake	NOUN
cblr-2896	105	13	in	in	ADP
cblr-2896	105	14	the	the	DET
cblr-2896	105	15	outcome	outcome	NOUN
cblr-2896	105	16	.	.	PUNCT
cblr-2896	106	1	even	even	ADV
cblr-2896	106	2	though	though	SCONJ
cblr-2896	106	3	shareholders	shareholder	NOUN
cblr-2896	106	4	may	may	AUX
cblr-2896	106	5	not	not	PART
cblr-2896	106	6	internalize	internalize	VERB
cblr-2896	106	7	all	all	PRON
cblr-2896	106	8	of	of	ADP
cblr-2896	106	9	the	the	DET
cblr-2896	106	10	costs	cost	NOUN
cblr-2896	106	11	of	of	ADP
cblr-2896	106	12	systemic	systemic	ADJ
cblr-2896	106	13	distress	distress	NOUN
cblr-2896	106	14	(	(	PUNCT
cblr-2896	106	15	because	because	SCONJ
cblr-2896	106	16	there	there	PRON
cblr-2896	106	17	are	be	VERB
cblr-2896	106	18	losses	loss	NOUN
cblr-2896	106	19	capped	cap	VERB
cblr-2896	106	20	by	by	ADP
cblr-2896	106	21	limited	limited	ADJ
cblr-2896	106	22	liability	liability	NOUN
cblr-2896	106	23	when	when	SCONJ
cblr-2896	106	24	the	the	DET
cblr-2896	106	25	firm	firm	NOUN
cblr-2896	106	26	fails	fail	VERB
cblr-2896	106	27	,	,	PUNCT
cblr-2896	106	28	whereas	whereas	SCONJ
cblr-2896	106	29	undiversified	undiversified	ADJ
cblr-2896	106	30	managerial	managerial	ADJ
cblr-2896	106	31	shareholder	shareholder	NOUN
cblr-2896	106	32	losses	loss	NOUN
cblr-2896	106	33	are	be	AUX
cblr-2896	106	34	capped	cap	VERB
cblr-2896	106	35	to	to	ADP
cblr-2896	106	36	a	a	DET
cblr-2896	106	37	much	much	ADV
cblr-2896	106	38	greater	great	ADJ
cblr-2896	106	39	extent	extent	NOUN
cblr-2896	106	40	.	.	PUNCT
cblr-2896	107	1	in	in	ADP
cblr-2896	107	2	ordinary	ordinary	ADJ
cblr-2896	107	3	times	time	NOUN
cblr-2896	107	4	,	,	PUNCT
cblr-2896	107	5	it	it	PRON
cblr-2896	107	6	might	might	AUX
cblr-2896	107	7	be	be	AUX
cblr-2896	107	8	thought	think	VERB
cblr-2896	107	9	that	that	SCONJ
cblr-2896	107	10	managers	manager	NOUN
cblr-2896	107	11	'	'	PART
cblr-2896	107	12	large	large	ADJ
cblr-2896	107	13	firm	firm	ADJ
cblr-2896	107	14	-	-	PUNCT
cblr-2896	107	15	specific	specific	ADJ
cblr-2896	107	16	human	human	ADJ
cblr-2896	107	17	and	and	CCONJ
cblr-2896	107	18	financial	financial	ADJ
cblr-2896	107	19	capital	capital	NOUN
cblr-2896	107	20	investments	investment	NOUN
cblr-2896	107	21	hold	hold	VERB
cblr-2896	107	22	down	down	ADP
cblr-2896	107	23	excessive	excessive	ADJ
cblr-2896	107	24	risk	risk	NOUN
cblr-2896	107	25	-	-	PUNCT
cblr-2896	107	26	taking	taking	NOUN
cblr-2896	107	27	,	,	PUNCT
cblr-2896	107	28	but	but	CCONJ
cblr-2896	107	29	outside	outside	ADP
cblr-2896	107	30	investments	investment	NOUN
cblr-2896	107	31	in	in	ADP
cblr-2896	107	32	cash	cash	NOUN
cblr-2896	107	33	and	and	CCONJ
cblr-2896	107	34	non	non	ADJ
cblr-2896	107	35	-	-	ADJ
cblr-2896	107	36	risky	risky	ADJ
cblr-2896	107	37	assets	asset	NOUN
cblr-2896	107	38	may	may	AUX
cblr-2896	107	39	provide	provide	VERB
cblr-2896	107	40	"	"	PUNCT
cblr-2896	107	41	wealth	wealth	NOUN
cblr-2896	107	42	insurance	insurance	NOUN
cblr-2896	107	43	.	.	PUNCT
cblr-2896	107	44	"	"	PUNCT
cblr-2896	108	1	as	as	SCONJ
cblr-2896	108	2	the	the	DET
cblr-2896	108	3	firm	firm	NOUN
cblr-2896	108	4	nears	near	VERB
cblr-2896	108	5	financial	financial	ADJ
cblr-2896	108	6	distress	distress	NOUN
cblr-2896	108	7	,	,	PUNCT
cblr-2896	108	8	the	the	DET
cblr-2896	108	9	value	value	NOUN
cblr-2896	108	10	of	of	ADP
cblr-2896	108	11	firm	firm	ADJ
cblr-2896	108	12	-	-	PUNCT
cblr-2896	108	13	specific	specific	ADJ
cblr-2896	108	14	managerial	managerial	ADJ
cblr-2896	108	15	investments	investment	NOUN
cblr-2896	108	16	declines	decline	VERB
cblr-2896	108	17	,	,	PUNCT
cblr-2896	108	18	and	and	CCONJ
cblr-2896	108	19	as	as	ADP
cblr-2896	108	20	holders	holder	NOUN
cblr-2896	108	21	of	of	ADP
cblr-2896	108	22	near	near	ADP
cblr-2896	108	23	-	-	PUNCT
cblr-2896	108	24	the	the	DET
cblr-2896	108	25	-	-	PUNCT
cblr-2896	108	26	money	money	NOUN
cblr-2896	108	27	options	option	NOUN
cblr-2896	108	28	,	,	PUNCT
cblr-2896	108	29	managers	manager	NOUN
cblr-2896	108	30	'	'	PART
cblr-2896	108	31	incentives	incentive	NOUN
cblr-2896	108	32	shift	shift	VERB
cblr-2896	108	33	accordingly	accordingly	ADV
cblr-2896	108	34	.	.	PUNCT
cblr-2896	109	1	841	841	NUM
cblr-2896	109	2	beyond	beyond	ADP
cblr-2896	109	3	portfolio	portfolio	NOUN
cblr-2896	109	4	losses	loss	NOUN
cblr-2896	109	5	,	,	PUNCT
cblr-2896	109	6	for	for	ADP
cblr-2896	109	7	example	example	NOUN
cblr-2896	109	8	,	,	PUNCT
cblr-2896	109	9	the	the	DET
cblr-2896	109	10	human	human	ADJ
cblr-2896	109	11	costs	cost	NOUN
cblr-2896	109	12	of	of	ADP
cblr-2896	109	13	higher	high	ADJ
cblr-2896	109	14	unemployment	unemployment	NOUN
cblr-2896	109	15	)	)	PUNCT
cblr-2896	109	16	,	,	PUNCT
cblr-2896	109	17	their	their	PRON
cblr-2896	109	18	internalized	internalize	VERB
cblr-2896	109	19	losses	loss	NOUN
cblr-2896	109	20	are	be	AUX
cblr-2896	109	21	sufficient	sufficient	ADJ
cblr-2896	109	22	to	to	PART
cblr-2896	109	23	justify	justify	VERB
cblr-2896	109	24	appropriate	appropriate	ADJ
cblr-2896	109	25	measures	measure	NOUN
cblr-2896	109	26	to	to	PART
cblr-2896	109	27	control	control	VERB
cblr-2896	109	28	financial	financial	ADJ
cblr-2896	109	29	firm	firm	ADJ
cblr-2896	109	30	risk	risk	NOUN
cblr-2896	109	31	-	-	PUNCT
cblr-2896	109	32	taking	taking	NOUN
cblr-2896	109	33	.	.	PUNCT
cblr-2896	110	1	regulation	regulation	NOUN
cblr-2896	110	2	is	be	AUX
cblr-2896	110	3	necessary	necessary	ADJ
cblr-2896	110	4	to	to	PART
cblr-2896	110	5	curb	curb	VERB
cblr-2896	110	6	excessive	excessive	ADJ
cblr-2896	110	7	risk	risk	NOUN
cblr-2896	110	8	-	-	PUNCT
cblr-2896	110	9	taking	taking	NOUN
cblr-2896	110	10	by	by	ADP
cblr-2896	110	11	management	management	NOUN
cblr-2896	110	12	in	in	ADP
cblr-2896	110	13	systemically	systemically	ADV
cblr-2896	110	14	important	important	ADJ
cblr-2896	110	15	financial	financial	ADJ
cblr-2896	110	16	firms	firm	NOUN
cblr-2896	110	17	because	because	SCONJ
cblr-2896	110	18	of	of	ADP
cblr-2896	110	19	the	the	DET
cblr-2896	110	20	limits	limit	NOUN
cblr-2896	110	21	of	of	ADP
cblr-2896	110	22	collective	collective	ADJ
cblr-2896	110	23	shareholder	shareholder	NOUN
cblr-2896	110	24	action	action	NOUN
cblr-2896	110	25	,	,	PUNCT
cblr-2896	110	26	especially	especially	ADV
cblr-2896	110	27	by	by	ADP
cblr-2896	110	28	diversified	diversified	ADJ
cblr-2896	110	29	shareholders	shareholder	NOUN
cblr-2896	110	30	,	,	PUNCT
cblr-2896	110	31	not	not	PART
cblr-2896	110	32	because	because	SCONJ
cblr-2896	110	33	shareholder	shareholder	NOUN
cblr-2896	110	34	incentives	incentive	NOUN
cblr-2896	110	35	are	be	AUX
cblr-2896	110	36	generally	generally	ADV
cblr-2896	110	37	misguided.8	misguided.8	PROPN
cblr-2896	110	38	on	on	ADP
cblr-2896	110	39	this	this	DET
cblr-2896	110	40	view	view	NOUN
cblr-2896	110	41	,	,	PUNCT
cblr-2896	110	42	the	the	DET
cblr-2896	110	43	regulator	regulator	NOUN
cblr-2896	110	44	provides	provide	VERB
cblr-2896	110	45	the	the	DET
cblr-2896	110	46	necessary	necessary	ADJ
cblr-2896	110	47	coordination	coordination	NOUN
cblr-2896	110	48	to	to	PART
cblr-2896	110	49	obtain	obtain	VERB
cblr-2896	110	50	shareholder	shareholder	NOUN
cblr-2896	110	51	objectives	objective	NOUN
cblr-2896	110	52	.	.	PUNCT
cblr-2896	111	1	well	well	ADV
cblr-2896	111	2	-	-	PUNCT
cblr-2896	111	3	crafted	craft	VERB
cblr-2896	111	4	regulatory	regulatory	ADJ
cblr-2896	111	5	intervention	intervention	NOUN
cblr-2896	111	6	in	in	ADP
cblr-2896	111	7	this	this	DET
cblr-2896	111	8	realm	realm	NOUN
cblr-2896	111	9	is	be	AUX
cblr-2896	111	10	a	a	DET
cblr-2896	111	11	benefit	benefit	NOUN
cblr-2896	111	12	to	to	ADP
cblr-2896	111	13	diversified	diversified	ADJ
cblr-2896	111	14	shareholders	shareholder	NOUN
cblr-2896	111	15	,	,	PUNCT
cblr-2896	111	16	not	not	PART
cblr-2896	111	17	a	a	DET
cblr-2896	111	18	cost	cost	NOUN
cblr-2896	111	19	.	.	PUNCT
cblr-2896	112	1	the	the	DET
cblr-2896	112	2	potential	potential	ADJ
cblr-2896	112	3	benefits	benefit	NOUN
cblr-2896	112	4	of	of	ADP
cblr-2896	112	5	regulation	regulation	NOUN
cblr-2896	112	6	are	be	AUX
cblr-2896	112	7	two	two	NUM
cblr-2896	112	8	-	-	PUNCT
cblr-2896	112	9	sided	sided	ADJ
cblr-2896	112	10	.	.	PUNCT
cblr-2896	113	1	regulation	regulation	NOUN
cblr-2896	113	2	that	that	PRON
cblr-2896	113	3	reduces	reduce	VERB
cblr-2896	113	4	the	the	DET
cblr-2896	113	5	failure	failure	NOUN
cblr-2896	113	6	risks	risk	NOUN
cblr-2896	113	7	of	of	ADP
cblr-2896	113	8	systemically	systemically	ADV
cblr-2896	113	9	important	important	ADJ
cblr-2896	113	10	firms	firm	NOUN
cblr-2896	113	11	not	not	PART
cblr-2896	113	12	only	only	ADV
cblr-2896	113	13	protects	protect	VERB
cblr-2896	113	14	against	against	ADP
cblr-2896	113	15	a	a	DET
cblr-2896	113	16	8	8	NUM
cblr-2896	113	17	another	another	DET
cblr-2896	113	18	basis	basis	NOUN
cblr-2896	113	19	for	for	ADP
cblr-2896	113	20	government	government	NOUN
cblr-2896	113	21	regulation	regulation	NOUN
cblr-2896	113	22	is	be	AUX
cblr-2896	113	23	that	that	SCONJ
cblr-2896	113	24	shareholders	shareholder	NOUN
cblr-2896	113	25	will	will	AUX
cblr-2896	113	26	not	not	PART
cblr-2896	113	27	sufficiently	sufficiently	ADV
cblr-2896	113	28	internalize	internalize	VERB
cblr-2896	113	29	systemic	systemic	ADJ
cblr-2896	113	30	risk	risk	NOUN
cblr-2896	113	31	because	because	SCONJ
cblr-2896	113	32	they	they	PRON
cblr-2896	113	33	expect	expect	VERB
cblr-2896	113	34	government	government	NOUN
cblr-2896	113	35	intervention	intervention	NOUN
cblr-2896	113	36	that	that	PRON
cblr-2896	113	37	will	will	AUX
cblr-2896	113	38	prevent	prevent	VERB
cblr-2896	113	39	the	the	DET
cblr-2896	113	40	failure	failure	NOUN
cblr-2896	113	41	of	of	ADP
cblr-2896	113	42	any	any	DET
cblr-2896	113	43	systemically	systemically	ADV
cblr-2896	113	44	important	important	ADJ
cblr-2896	113	45	firm	firm	NOUN
cblr-2896	113	46	;	;	PUNCT
cblr-2896	113	47	or	or	CCONJ
cblr-2896	113	48	a	a	DET
cblr-2896	113	49	variant	variant	NOUN
cblr-2896	113	50	,	,	PUNCT
cblr-2896	113	51	government	government	NOUN
cblr-2896	113	52	action	action	NOUN
cblr-2896	113	53	that	that	PRON
cblr-2896	113	54	will	will	AUX
cblr-2896	113	55	permit	permit	VERB
cblr-2896	113	56	the	the	DET
cblr-2896	113	57	failure	failure	NOUN
cblr-2896	113	58	of	of	ADP
cblr-2896	113	59	a	a	DET
cblr-2896	113	60	single	single	ADJ
cblr-2896	113	61	systemically	systemically	ADV
cblr-2896	113	62	important	important	ADJ
cblr-2896	113	63	firm	firm	NOUN
cblr-2896	113	64	,	,	PUNCT
cblr-2896	113	65	but	but	CCONJ
cblr-2896	113	66	will	will	AUX
cblr-2896	113	67	then	then	ADV
cblr-2896	113	68	intervene	intervene	VERB
cblr-2896	113	69	to	to	PART
cblr-2896	113	70	prevent	prevent	VERB
cblr-2896	113	71	the	the	DET
cblr-2896	113	72	follow	follow	VERB
cblr-2896	113	73	-	-	PUNCT
cblr-2896	113	74	on	on	ADP
cblr-2896	113	75	failure	failure	NOUN
cblr-2896	113	76	of	of	ADP
cblr-2896	113	77	other	other	ADJ
cblr-2896	113	78	systemically	systemically	ADV
cblr-2896	113	79	important	important	ADJ
cblr-2896	113	80	firms	firm	NOUN
cblr-2896	113	81	.	.	PUNCT
cblr-2896	114	1	the	the	DET
cblr-2896	114	2	emerging	emerge	VERB
cblr-2896	114	3	financial	financial	ADJ
cblr-2896	114	4	regulation	regulation	NOUN
cblr-2896	114	5	reform	reform	NOUN
cblr-2896	114	6	legislation	legislation	NOUN
cblr-2896	114	7	aims	aim	VERB
cblr-2896	114	8	to	to	PART
cblr-2896	114	9	eliminate	eliminate	VERB
cblr-2896	114	10	these	these	DET
cblr-2896	114	11	variants	variant	NOUN
cblr-2896	114	12	of	of	ADP
cblr-2896	114	13	"	"	PUNCT
cblr-2896	114	14	too	too	ADV
cblr-2896	114	15	big	big	ADJ
cblr-2896	114	16	to	to	PART
cblr-2896	114	17	fail	fail	VERB
cblr-2896	114	18	.	.	PUNCT
cblr-2896	114	19	"	"	PUNCT
cblr-2896	115	1	whether	whether	SCONJ
cblr-2896	115	2	this	this	DET
cblr-2896	115	3	containment	containment	NOUN
cblr-2896	115	4	will	will	AUX
cblr-2896	115	5	be	be	AUX
cblr-2896	115	6	successful	successful	ADJ
cblr-2896	115	7	,	,	PUNCT
cblr-2896	115	8	or	or	CCONJ
cblr-2896	115	9	is	be	AUX
cblr-2896	115	10	even	even	ADV
cblr-2896	115	11	wise	wise	ADJ
cblr-2896	115	12	,	,	PUNCT
cblr-2896	115	13	is	be	AUX
cblr-2896	115	14	a	a	DET
cblr-2896	115	15	question	question	NOUN
cblr-2896	115	16	some	some	DET
cblr-2896	115	17	later	later	ADJ
cblr-2896	115	18	crisis	crisis	NOUN
cblr-2896	115	19	will	will	AUX
cblr-2896	115	20	demonstrate	demonstrate	VERB
cblr-2896	115	21	.	.	PUNCT
cblr-2896	116	1	however	however	ADV
cblr-2896	116	2	,	,	PUNCT
cblr-2896	116	3	the	the	DET
cblr-2896	116	4	diversified	diversified	ADJ
cblr-2896	116	5	shareholder	shareholder	NOUN
cblr-2896	116	6	would	would	AUX
cblr-2896	116	7	benefit	benefit	VERB
cblr-2896	116	8	from	from	ADP
cblr-2896	116	9	risk	risk	NOUN
cblr-2896	116	10	-	-	PUNCT
cblr-2896	116	11	avoiding	avoid	VERB
cblr-2896	116	12	regulatory	regulatory	ADJ
cblr-2896	116	13	restrictions	restriction	NOUN
cblr-2896	116	14	on	on	ADP
cblr-2896	116	15	executive	executive	ADJ
cblr-2896	116	16	compensation	compensation	NOUN
cblr-2896	116	17	that	that	PRON
cblr-2896	116	18	avoid	avoid	VERB
cblr-2896	116	19	a	a	DET
cblr-2896	116	20	scenario	scenario	NOUN
cblr-2896	116	21	testing	test	VERB
cblr-2896	116	22	the	the	DET
cblr-2896	116	23	credibility	credibility	NOUN
cblr-2896	116	24	(	(	PUNCT
cblr-2896	116	25	and	and	CCONJ
cblr-2896	116	26	wisdom	wisdom	NOUN
cblr-2896	116	27	)	)	PUNCT
cblr-2896	116	28	of	of	ADP
cblr-2896	116	29	the	the	DET
cblr-2896	116	30	"	"	PUNCT
cblr-2896	116	31	no	no	DET
cblr-2896	116	32	bailouts	bailout	NOUN
cblr-2896	116	33	"	"	PUNCT
cblr-2896	116	34	posture	posture	NOUN
cblr-2896	116	35	where	where	SCONJ
cblr-2896	116	36	the	the	DET
cblr-2896	116	37	stakes	stake	NOUN
cblr-2896	116	38	are	be	AUX
cblr-2896	116	39	a	a	DET
cblr-2896	116	40	major	major	ADJ
cblr-2896	116	41	outbreak	outbreak	NOUN
cblr-2896	116	42	of	of	ADP
cblr-2896	116	43	systemic	systemic	ADJ
cblr-2896	116	44	distress	distress	NOUN
cblr-2896	116	45	.	.	PUNCT
cblr-2896	117	1	another	another	DET
cblr-2896	117	2	ground	ground	NOUN
cblr-2896	117	3	for	for	ADP
cblr-2896	117	4	regulation	regulation	NOUN
cblr-2896	117	5	is	be	AUX
cblr-2896	117	6	a	a	DET
cblr-2896	117	7	belief	belief	NOUN
cblr-2896	117	8	that	that	SCONJ
cblr-2896	117	9	shareholders	shareholder	NOUN
cblr-2896	117	10	will	will	AUX
cblr-2896	117	11	be	be	AUX
cblr-2896	117	12	myopic	myopic	ADJ
cblr-2896	117	13	-	-	PUNCT
cblr-2896	117	14	that	that	SCONJ
cblr-2896	117	15	shareholders	shareholder	NOUN
cblr-2896	117	16	will	will	AUX
cblr-2896	117	17	not	not	PART
cblr-2896	117	18	understand	understand	VERB
cblr-2896	117	19	their	their	PRON
cblr-2896	117	20	long	long	ADJ
cblr-2896	117	21	-	-	PUNCT
cblr-2896	117	22	term	term	NOUN
cblr-2896	117	23	best	good	ADJ
cblr-2896	117	24	interests	interest	NOUN
cblr-2896	117	25	,	,	PUNCT
cblr-2896	117	26	especially	especially	ADV
cblr-2896	117	27	with	with	ADP
cblr-2896	117	28	regard	regard	NOUN
cblr-2896	117	29	to	to	ADP
cblr-2896	117	30	outbreaks	outbreak	NOUN
cblr-2896	117	31	of	of	ADP
cblr-2896	117	32	systemic	systemic	ADJ
cblr-2896	117	33	distress	distress	NOUN
cblr-2896	117	34	,	,	PUNCT
cblr-2896	117	35	which	which	PRON
cblr-2896	117	36	are	be	AUX
cblr-2896	117	37	highly	highly	ADV
cblr-2896	117	38	salient	salient	ADJ
cblr-2896	117	39	for	for	ADP
cblr-2896	117	40	a	a	DET
cblr-2896	117	41	while	while	NOUN
cblr-2896	117	42	and	and	CCONJ
cblr-2896	117	43	then	then	ADV
cblr-2896	117	44	recede	recede	VERB
cblr-2896	117	45	.	.	PUNCT
cblr-2896	118	1	regulators	regulator	NOUN
cblr-2896	118	2	too	too	ADV
cblr-2896	118	3	will	will	AUX
cblr-2896	118	4	suffer	suffer	VERB
cblr-2896	118	5	from	from	ADP
cblr-2896	118	6	myopia	myopia	NOUN
cblr-2896	118	7	.	.	PUNCT
cblr-2896	119	1	but	but	CCONJ
cblr-2896	119	2	regulation	regulation	NOUN
cblr-2896	119	3	can	can	AUX
cblr-2896	119	4	embed	embed	VERB
cblr-2896	119	5	systemic	systemic	ADJ
cblr-2896	119	6	risk	risk	NOUN
cblr-2896	119	7	-	-	PUNCT
cblr-2896	119	8	internalization	internalization	NOUN
cblr-2896	119	9	awareness	awareness	NOUN
cblr-2896	119	10	;	;	PUNCT
cblr-2896	119	11	"	"	PUNCT
cblr-2896	119	12	lessons	lesson	NOUN
cblr-2896	119	13	learned	learn	VERB
cblr-2896	119	14	"	"	PUNCT
cblr-2896	119	15	become	become	VERB
cblr-2896	119	16	rules	rule	NOUN
cblr-2896	119	17	that	that	PRON
cblr-2896	119	18	may	may	AUX
cblr-2896	119	19	survive	survive	VERB
cblr-2896	119	20	beyond	beyond	ADP
cblr-2896	119	21	the	the	DET
cblr-2896	119	22	myopic	myopic	ADJ
cblr-2896	119	23	calculation	calculation	NOUN
cblr-2896	119	24	of	of	ADP
cblr-2896	119	25	subsequent	subsequent	ADJ
cblr-2896	119	26	actors	actor	NOUN
cblr-2896	119	27	.	.	PUNCT
cblr-2896	120	1	finally	finally	ADV
cblr-2896	120	2	,	,	PUNCT
cblr-2896	120	3	regulatory	regulatory	ADJ
cblr-2896	120	4	intervention	intervention	NOUN
cblr-2896	120	5	is	be	AUX
cblr-2896	120	6	justified	justify	VERB
cblr-2896	120	7	to	to	PART
cblr-2896	120	8	provide	provide	VERB
cblr-2896	120	9	systemic	systemic	ADJ
cblr-2896	120	10	stability	stability	NOUN
cblr-2896	120	11	against	against	ADP
cblr-2896	120	12	the	the	DET
cblr-2896	120	13	inherent	inherent	ADJ
cblr-2896	120	14	fragility	fragility	NOUN
cblr-2896	120	15	of	of	ADP
cblr-2896	120	16	banks	bank	NOUN
cblr-2896	120	17	and	and	CCONJ
cblr-2896	121	1	functionally	functionally	ADV
cblr-2896	121	2	similar	similar	ADJ
cblr-2896	121	3	non	non	NOUN
cblr-2896	121	4	-	-	NOUN
cblr-2896	121	5	banks	bank	NOUN
cblr-2896	121	6	arising	arise	VERB
cblr-2896	121	7	from	from	ADP
cblr-2896	121	8	the	the	DET
cblr-2896	121	9	liquidity	liquidity	NOUN
cblr-2896	121	10	mismatch	mismatch	NOUN
cblr-2896	121	11	between	between	ADP
cblr-2896	121	12	assets	asset	NOUN
cblr-2896	121	13	and	and	CCONJ
cblr-2896	121	14	liabilities	liability	NOUN
cblr-2896	121	15	.	.	PUNCT
cblr-2896	122	1	runs	run	NOUN
cblr-2896	122	2	can	can	AUX
cblr-2896	122	3	occur	occur	VERB
cblr-2896	122	4	even	even	ADV
cblr-2896	122	5	where	where	SCONJ
cblr-2896	122	6	risk	risk	NOUN
cblr-2896	122	7	-	-	PUNCT
cblr-2896	122	8	taking	taking	NOUN
cblr-2896	122	9	is	be	AUX
cblr-2896	122	10	not	not	PART
cblr-2896	122	11	"	"	PUNCT
cblr-2896	122	12	excessive	excessive	ADJ
cblr-2896	122	13	,	,	PUNCT
cblr-2896	122	14	"	"	PUNCT
cblr-2896	122	15	meaning	mean	VERB
cblr-2896	122	16	that	that	SCONJ
cblr-2896	122	17	a	a	DET
cblr-2896	122	18	run	run	NOUN
cblr-2896	122	19	can	can	AUX
cblr-2896	122	20	arise	arise	VERB
cblr-2896	122	21	apart	apart	ADV
cblr-2896	122	22	from	from	ADP
cblr-2896	122	23	the	the	DET
cblr-2896	122	24	mismatch	mismatch	NOUN
cblr-2896	122	25	between	between	ADP
cblr-2896	122	26	private	private	ADJ
cblr-2896	122	27	gains	gain	NOUN
cblr-2896	122	28	and	and	CCONJ
cblr-2896	122	29	social	social	ADJ
cblr-2896	122	30	losses	loss	NOUN
cblr-2896	122	31	.	.	PUNCT
cblr-2896	123	1	this	this	DET
cblr-2896	123	2	fragility	fragility	NOUN
cblr-2896	123	3	is	be	AUX
cblr-2896	123	4	mitigated	mitigate	VERB
cblr-2896	123	5	by	by	ADP
cblr-2896	123	6	deposit	deposit	NOUN
cblr-2896	123	7	insurance	insurance	NOUN
cblr-2896	123	8	,	,	PUNCT
cblr-2896	123	9	and	and	CCONJ
cblr-2896	123	10	safety	safety	NOUN
cblr-2896	123	11	and	and	CCONJ
cblr-2896	123	12	soundness	soundness	NOUN
cblr-2896	123	13	regulation	regulation	NOUN
cblr-2896	123	14	.	.	PUNCT
cblr-2896	124	1	[	[	X
cblr-2896	124	2	vol	vol	NOUN
cblr-2896	124	3	.	.	PUNCT
cblr-2896	124	4	2012842	2012842	NUM
cblr-2896	124	5	columbia	columbia	PROPN
cblr-2896	124	6	business	business	PROPN
cblr-2896	124	7	la	la	PROPN
cblr-2896	124	8	w	w	PROPN
cblr-2896	124	9	review	review	NOUN
cblr-2896	124	10	no	no	INTJ
cblr-2896	124	11	.	.	PUNCT
cblr-2896	125	1	3:834	3:834	NUM
cblr-2896	125	2	]	]	X
cblr-2896	125	3	the	the	DET
cblr-2896	125	4	case	case	NOUN
cblr-2896	125	5	for	for	ADP
cblr-2896	125	6	convertible	convertible	ADJ
cblr-2896	125	7	equity	equity	NOUN
cblr-2896	125	8	-	-	PUNCT
cblr-2896	125	9	based	base	VERB
cblr-2896	125	10	pay	pay	NOUN
cblr-2896	125	11	collapse	collapse	NOUN
cblr-2896	125	12	in	in	ADP
cblr-2896	125	13	portfolio	portfolio	NOUN
cblr-2896	125	14	values	value	NOUN
cblr-2896	125	15	,	,	PUNCT
cblr-2896	125	16	but	but	CCONJ
cblr-2896	125	17	also	also	ADV
cblr-2896	125	18	-	-	PUNCT
cblr-2896	125	19	as	as	ADP
cblr-2896	125	20	a	a	DET
cblr-2896	125	21	result	result	NOUN
cblr-2896	125	22	of	of	ADP
cblr-2896	125	23	systematic	systematic	ADJ
cblr-2896	125	24	risk	risk	NOUN
cblr-2896	125	25	reduction	reduction	NOUN
cblr-2896	125	26	-	-	PUNCT
cblr-2896	125	27	may	may	AUX
cblr-2896	125	28	increase	increase	VERB
cblr-2896	125	29	portfolio	portfolio	NOUN
cblr-2896	125	30	values	value	NOUN
cblr-2896	125	31	.	.	PUNCT
cblr-2896	126	1	the	the	DET
cblr-2896	126	2	limits	limit	NOUN
cblr-2896	126	3	to	to	ADP
cblr-2896	126	4	effective	effective	ADJ
cblr-2896	126	5	shareholder	shareholder	NOUN
cblr-2896	126	6	action	action	NOUN
cblr-2896	126	7	to	to	PART
cblr-2896	126	8	control	control	VERB
cblr-2896	126	9	risktaking	risktake	VERB
cblr-2896	126	10	in	in	ADP
cblr-2896	126	11	financial	financial	ADJ
cblr-2896	126	12	firms	firm	NOUN
cblr-2896	126	13	are	be	AUX
cblr-2896	126	14	a	a	DET
cblr-2896	126	15	mix	mix	NOUN
cblr-2896	126	16	of	of	ADP
cblr-2896	126	17	well	well	ADV
cblr-2896	126	18	-	-	PUNCT
cblr-2896	126	19	known	know	VERB
cblr-2896	126	20	limits	limit	NOUN
cblr-2896	126	21	to	to	ADP
cblr-2896	126	22	shareholder	shareholder	NOUN
cblr-2896	126	23	power	power	NOUN
cblr-2896	126	24	and	and	CCONJ
cblr-2896	126	25	some	some	DET
cblr-2896	126	26	particular	particular	ADJ
cblr-2896	126	27	applications	application	NOUN
cblr-2896	126	28	to	to	ADP
cblr-2896	126	29	financial	financial	ADJ
cblr-2896	126	30	firms	firm	NOUN
cblr-2896	126	31	.	.	PUNCT
cblr-2896	127	1	first	first	ADV
cblr-2896	127	2	,	,	PUNCT
cblr-2896	127	3	dispersed	disperse	VERB
cblr-2896	127	4	shareholders	shareholder	NOUN
cblr-2896	127	5	are	be	AUX
cblr-2896	127	6	subject	subject	ADJ
cblr-2896	127	7	to	to	ADP
cblr-2896	127	8	important	important	ADJ
cblr-2896	127	9	collective	collective	ADJ
cblr-2896	127	10	action	action	NOUN
cblr-2896	127	11	problems	problem	NOUN
cblr-2896	127	12	in	in	ADP
cblr-2896	127	13	facing	face	VERB
cblr-2896	127	14	management	management	NOUN
cblr-2896	127	15	,	,	PUNCT
cblr-2896	127	16	including	include	VERB
cblr-2896	127	17	but	but	CCONJ
cblr-2896	127	18	not	not	PART
cblr-2896	127	19	limited	limit	VERB
cblr-2896	127	20	to	to	ADP
cblr-2896	127	21	management	management	NOUN
cblr-2896	127	22	's	's	PART
cblr-2896	127	23	agenda	agenda	NOUN
cblr-2896	127	24	control	control	NOUN
cblr-2896	127	25	and	and	CCONJ
cblr-2896	127	26	the	the	DET
cblr-2896	127	27	regulatory	regulatory	ADJ
cblr-2896	127	28	barriers	barrier	NOUN
cblr-2896	127	29	to	to	ADP
cblr-2896	127	30	shareholder	shareholder	NOUN
cblr-2896	127	31	coordination	coordination	NOUN
cblr-2896	127	32	.	.	PUNCT
cblr-2896	128	1	some	some	DET
cblr-2896	128	2	collective	collective	ADJ
cblr-2896	128	3	action	action	NOUN
cblr-2896	128	4	problems	problem	NOUN
cblr-2896	128	5	have	have	AUX
cblr-2896	128	6	been	be	AUX
cblr-2896	128	7	mitigated	mitigate	VERB
cblr-2896	128	8	by	by	ADP
cblr-2896	128	9	the	the	DET
cblr-2896	128	10	rise	rise	NOUN
cblr-2896	128	11	of	of	ADP
cblr-2896	128	12	institutional	institutional	ADJ
cblr-2896	128	13	ownership	ownership	NOUN
cblr-2896	128	14	,	,	PUNCT
cblr-2896	128	15	the	the	DET
cblr-2896	128	16	liberalization	liberalization	NOUN
cblr-2896	128	17	of	of	ADP
cblr-2896	128	18	the	the	DET
cblr-2896	128	19	proxy	proxy	NOUN
cblr-2896	128	20	rules	rule	NOUN
cblr-2896	128	21	,	,	PUNCT
cblr-2896	128	22	the	the	DET
cblr-2896	128	23	role	role	NOUN
cblr-2896	128	24	of	of	ADP
cblr-2896	128	25	proxy	proxy	ADJ
cblr-2896	128	26	advisory	advisory	ADJ
cblr-2896	128	27	services	service	NOUN
cblr-2896	128	28	,	,	PUNCT
cblr-2896	128	29	and	and	CCONJ
cblr-2896	128	30	the	the	DET
cblr-2896	128	31	activity	activity	NOUN
cblr-2896	128	32	of	of	ADP
cblr-2896	128	33	trade	trade	NOUN
cblr-2896	128	34	associations	association	NOUN
cblr-2896	128	35	like	like	ADP
cblr-2896	128	36	the	the	DET
cblr-2896	128	37	council	council	NOUN
cblr-2896	128	38	on	on	ADP
cblr-2896	128	39	institutional	institutional	ADJ
cblr-2896	128	40	investors	investor	NOUN
cblr-2896	128	41	.	.	PUNCT
cblr-2896	129	1	new	new	ADJ
cblr-2896	129	2	legislation	legislation	NOUN
cblr-2896	129	3	now	now	ADV
cblr-2896	129	4	requires	require	VERB
cblr-2896	129	5	an	an	DET
cblr-2896	129	6	advisory	advisory	ADJ
cblr-2896	129	7	shareholder	shareholder	NOUN
cblr-2896	129	8	vote	vote	NOUN
cblr-2896	129	9	on	on	ADP
cblr-2896	129	10	pay	pay	NOUN
cblr-2896	129	11	-	-	PUNCT
cblr-2896	129	12	setting	setting	NOUN
cblr-2896	129	13	(	(	PUNCT
cblr-2896	129	14	"	"	PUNCT
cblr-2896	129	15	say	say	VERB
cblr-2896	129	16	on	on	ADP
cblr-2896	129	17	pay	pay	NOUN
cblr-2896	129	18	"	"	PUNCT
cblr-2896	129	19	)	)	PUNCT
cblr-2896	129	20	;	;	PUNCT
cblr-2896	129	21	'	'	PUNCT
cblr-2896	129	22	this	this	PRON
cblr-2896	129	23	can	can	AUX
cblr-2896	129	24	be	be	AUX
cblr-2896	129	25	leveraged	leverage	VERB
cblr-2896	129	26	by	by	ADP
cblr-2896	129	27	the	the	DET
cblr-2896	129	28	threat	threat	NOUN
cblr-2896	129	29	of	of	ADP
cblr-2896	129	30	a	a	DET
cblr-2896	129	31	"	"	PUNCT
cblr-2896	129	32	withhold	withhold	ADJ
cblr-2896	129	33	vote	vote	NOUN
cblr-2896	129	34	"	"	PUNCT
cblr-2896	129	35	campaign	campaign	NOUN
cblr-2896	129	36	against	against	ADP
cblr-2896	129	37	targeted	target	VERB
cblr-2896	129	38	directors	director	NOUN
cblr-2896	129	39	to	to	PART
cblr-2896	129	40	provide	provide	VERB
cblr-2896	129	41	a	a	DET
cblr-2896	129	42	new	new	ADJ
cblr-2896	129	43	route	route	NOUN
cblr-2896	129	44	for	for	ADP
cblr-2896	129	45	shareholder	shareholder	NOUN
cblr-2896	129	46	initiative	initiative	NOUN
cblr-2896	129	47	on	on	ADP
cblr-2896	129	48	compensation	compensation	NOUN
cblr-2896	129	49	practices.o	practices.o	NOUN
cblr-2896	129	50	the	the	DET
cblr-2896	129	51	long	long	ADV
cblr-2896	129	52	-	-	PUNCT
cblr-2896	129	53	run	run	VERB
cblr-2896	129	54	impact	impact	NOUN
cblr-2896	129	55	of	of	ADP
cblr-2896	129	56	these	these	DET
cblr-2896	129	57	governance	governance	NOUN
cblr-2896	129	58	opportunities	opportunity	NOUN
cblr-2896	129	59	remains	remain	VERB
cblr-2896	129	60	unclear	unclear	ADJ
cblr-2896	129	61	.	.	PUNCT
cblr-2896	130	1	9	9	NUM
cblr-2896	130	2	see	see	VERB
cblr-2896	130	3	dodd	dodd	PROPN
cblr-2896	130	4	-	-	PUNCT
cblr-2896	130	5	frank	frank	PROPN
cblr-2896	130	6	wall	wall	PROPN
cblr-2896	130	7	street	street	PROPN
cblr-2896	130	8	reform	reform	PROPN
cblr-2896	130	9	and	and	CCONJ
cblr-2896	130	10	consumer	consumer	NOUN
cblr-2896	130	11	protection	protection	PROPN
cblr-2896	130	12	act	act	PROPN
cblr-2896	130	13	,	,	PUNCT
cblr-2896	130	14	15	15	NUM
cblr-2896	130	15	u.s.c	u.s.c	ADJ
cblr-2896	130	16	.	.	PUNCT
cblr-2896	131	1	§	§	PROPN
cblr-2896	131	2	78n-1	78n-1	NUM
cblr-2896	131	3	(	(	PUNCT
cblr-2896	131	4	2012	2012	NUM
cblr-2896	131	5	)	)	PUNCT
cblr-2896	132	1	[	[	X
cblr-2896	132	2	hereinafter	hereinafter	NOUN
cblr-2896	132	3	dodd	dodd	PROPN
cblr-2896	132	4	-	-	PUNCT
cblr-2896	132	5	frank	frank	PROPN
cblr-2896	132	6	act	act	PROPN
cblr-2896	132	7	]	]	X
cblr-2896	132	8	(	(	PUNCT
cblr-2896	132	9	adding	add	VERB
cblr-2896	132	10	section	section	NOUN
cblr-2896	132	11	14a	14a	NOUN
cblr-2896	132	12	to	to	ADP
cblr-2896	132	13	the	the	DET
cblr-2896	132	14	1934	1934	NUM
cblr-2896	132	15	securities	securities	PROPN
cblr-2896	132	16	exchange	exchange	PROPN
cblr-2896	132	17	act	act	PROPN
cblr-2896	132	18	)	)	PUNCT
cblr-2896	132	19	;	;	PUNCT
cblr-2896	132	20	see	see	VERB
cblr-2896	132	21	also	also	ADV
cblr-2896	132	22	shareholder	shareholder	NOUN
cblr-2896	132	23	approval	approval	NOUN
cblr-2896	132	24	of	of	ADP
cblr-2896	132	25	executive	executive	ADJ
cblr-2896	132	26	compensation	compensation	NOUN
cblr-2896	132	27	and	and	CCONJ
cblr-2896	132	28	golden	golden	ADJ
cblr-2896	132	29	parachute	parachute	PROPN
cblr-2896	132	30	compensation	compensation	NOUN
cblr-2896	132	31	,	,	PUNCT
cblr-2896	132	32	exchange	exchange	NOUN
cblr-2896	132	33	act	act	NOUN
cblr-2896	132	34	release	release	VERB
cblr-2896	132	35	no	no	NOUN
cblr-2896	132	36	.	.	NOUN
cblr-2896	132	37	63,768	63,768	NUM
cblr-2896	132	38	,	,	PUNCT
cblr-2896	132	39	100	100	NUM
cblr-2896	132	40	sec	sec	PROPN
cblr-2896	132	41	docket	docket	NOUN
cblr-2896	132	42	868	868	NUM
cblr-2896	132	43	(	(	PUNCT
cblr-2896	132	44	jan	jan	PROPN
cblr-2896	132	45	.	.	PROPN
cblr-2896	132	46	25	25	NUM
cblr-2896	132	47	,	,	PUNCT
cblr-2896	132	48	2011	2011	NUM
cblr-2896	132	49	)	)	PUNCT
cblr-2896	132	50	(	(	PUNCT
cblr-2896	132	51	sec	sec	PROPN
cblr-2896	132	52	implementation	implementation	NOUN
cblr-2896	132	53	rules	rule	NOUN
cblr-2896	132	54	for	for	ADP
cblr-2896	132	55	section	section	NOUN
cblr-2896	132	56	14a	14a	NOUN
cblr-2896	132	57	)	)	PUNCT
cblr-2896	132	58	.	.	PUNCT
cblr-2896	133	1	the	the	DET
cblr-2896	133	2	act	act	NOUN
cblr-2896	133	3	also	also	ADV
cblr-2896	133	4	eliminated	eliminate	VERB
cblr-2896	133	5	broker	broker	NOUN
cblr-2896	133	6	discretionary	discretionary	ADJ
cblr-2896	133	7	voting	voting	NOUN
cblr-2896	133	8	on	on	ADP
cblr-2896	133	9	executive	executive	ADJ
cblr-2896	133	10	compensation	compensation	NOUN
cblr-2896	133	11	.	.	PUNCT
cblr-2896	134	1	see	see	VERB
cblr-2896	134	2	15	15	NUM
cblr-2896	134	3	u.s.c	u.s.c	ADJ
cblr-2896	134	4	.	.	PUNCT
cblr-2896	135	1	§	§	PROPN
cblr-2896	135	2	78f(b	78f(b	NUM
cblr-2896	135	3	)	)	PUNCT
cblr-2896	135	4	(	(	PUNCT
cblr-2896	135	5	2012	2012	NUM
cblr-2896	135	6	)	)	PUNCT
cblr-2896	135	7	(	(	PUNCT
cblr-2896	135	8	amending	amend	VERB
cblr-2896	135	9	section	section	NOUN
cblr-2896	135	10	6(b	6(b	NUM
cblr-2896	135	11	)	)	PUNCT
cblr-2896	135	12	of	of	ADP
cblr-2896	135	13	the	the	DET
cblr-2896	135	14	1934	1934	NUM
cblr-2896	135	15	securities	securities	PROPN
cblr-2896	135	16	exchange	exchange	PROPN
cblr-2896	135	17	act	act	PROPN
cblr-2896	135	18	)	)	PUNCT
cblr-2896	135	19	.	.	PUNCT
cblr-2896	136	1	this	this	PRON
cblr-2896	136	2	has	have	AUX
cblr-2896	136	3	now	now	ADV
cblr-2896	136	4	been	be	AUX
cblr-2896	136	5	implemented	implement	VERB
cblr-2896	136	6	by	by	ADP
cblr-2896	136	7	sec	sec	PROPN
cblr-2896	136	8	approval	approval	NOUN
cblr-2896	136	9	of	of	ADP
cblr-2896	136	10	amendments	amendment	NOUN
cblr-2896	136	11	to	to	ADP
cblr-2896	136	12	nyse	nyse	PROPN
cblr-2896	136	13	rule	rule	VERB
cblr-2896	136	14	452	452	NUM
cblr-2896	136	15	and	and	CCONJ
cblr-2896	136	16	nasdaq	nasdaq	PROPN
cblr-2896	136	17	rule	rule	VERB
cblr-2896	136	18	2251	2251	NUM
cblr-2896	136	19	,	,	PUNCT
cblr-2896	136	20	which	which	PRON
cblr-2896	136	21	deem	deem	VERB
cblr-2896	136	22	executive	executive	ADJ
cblr-2896	136	23	compensation	compensation	NOUN
cblr-2896	136	24	matters	matter	VERB
cblr-2896	136	25	to	to	PART
cblr-2896	136	26	be	be	AUX
cblr-2896	136	27	"	"	PUNCT
cblr-2896	136	28	non	non	ADJ
cblr-2896	136	29	-	-	ADJ
cblr-2896	136	30	routine	routine	ADJ
cblr-2896	136	31	,	,	PUNCT
cblr-2896	136	32	"	"	PUNCT
cblr-2896	136	33	meaning	mean	VERB
cblr-2896	136	34	that	that	SCONJ
cblr-2896	136	35	brokers	broker	NOUN
cblr-2896	136	36	can	can	AUX
cblr-2896	136	37	not	not	PART
cblr-2896	136	38	vote	vote	VERB
cblr-2896	136	39	shares	share	NOUN
cblr-2896	136	40	registered	register	VERB
cblr-2896	136	41	in	in	ADP
cblr-2896	136	42	"	"	PUNCT
cblr-2896	136	43	street	street	NOUN
cblr-2896	136	44	name	name	NOUN
cblr-2896	136	45	"	"	PUNCT
cblr-2896	136	46	without	without	ADP
cblr-2896	136	47	instructions	instruction	NOUN
cblr-2896	136	48	from	from	ADP
cblr-2896	136	49	the	the	DET
cblr-2896	136	50	beneficial	beneficial	ADJ
cblr-2896	136	51	owner	owner	NOUN
cblr-2896	136	52	.	.	PUNCT
cblr-2896	137	1	see	see	VERB
cblr-2896	137	2	order	order	NOUN
cblr-2896	137	3	approving	approve	VERB
cblr-2896	137	4	nyse	nyse	PROPN
cblr-2896	137	5	proposed	propose	VERB
cblr-2896	137	6	rule	rule	NOUN
cblr-2896	137	7	change	change	NOUN
cblr-2896	137	8	relating	relate	VERB
cblr-2896	137	9	to	to	PART
cblr-2896	137	10	broker	broker	VERB
cblr-2896	137	11	discretionary	discretionary	ADJ
cblr-2896	137	12	voting	voting	NOUN
cblr-2896	137	13	,	,	PUNCT
cblr-2896	137	14	exchange	exchange	NOUN
cblr-2896	137	15	act	act	NOUN
cblr-2896	137	16	release	release	VERB
cblr-2896	137	17	no	no	NOUN
cblr-2896	137	18	.	.	NOUN
cblr-2896	137	19	62,874	62,874	NUM
cblr-2896	137	20	,	,	PUNCT
cblr-2896	137	21	99	99	NUM
cblr-2896	137	22	sec	sec	PROPN
cblr-2896	137	23	docket	docket	NOUN
cblr-2896	137	24	946	946	NUM
cblr-2896	137	25	(	(	PUNCT
cblr-2896	137	26	sept	sept	PROPN
cblr-2896	137	27	.	.	PROPN
cblr-2896	137	28	9	9	NUM
cblr-2896	137	29	,	,	PUNCT
cblr-2896	137	30	2010	2010	NUM
cblr-2896	137	31	)	)	PUNCT
cblr-2896	137	32	;	;	PUNCT
cblr-2896	137	33	order	order	NOUN
cblr-2896	137	34	approving	approve	VERB
cblr-2896	137	35	nasdaq	nasdaq	PROPN
cblr-2896	137	36	proposed	propose	VERB
cblr-2896	137	37	rule	rule	NOUN
cblr-2896	137	38	change	change	NOUN
cblr-2896	137	39	relating	relate	VERB
cblr-2896	137	40	to	to	ADP
cblr-2896	137	41	voting	vote	VERB
cblr-2896	137	42	by	by	ADP
cblr-2896	137	43	non	non	ADJ
cblr-2896	137	44	-	-	ADJ
cblr-2896	137	45	beneficial	beneficial	ADJ
cblr-2896	137	46	owners	owner	NOUN
cblr-2896	137	47	,	,	PUNCT
cblr-2896	137	48	exchange	exchange	NOUN
cblr-2896	137	49	act	act	NOUN
cblr-2896	137	50	release	release	VERB
cblr-2896	137	51	no	no	NOUN
cblr-2896	137	52	.	.	NOUN
cblr-2896	137	53	62,992	62,992	NUM
cblr-2896	137	54	,	,	PUNCT
cblr-2896	137	55	99	99	NUM
cblr-2896	137	56	sec	sec	PROPN
cblr-2896	137	57	docket	docket	NOUN
cblr-2896	137	58	1528	1528	NUM
cblr-2896	137	59	(	(	PUNCT
cblr-2896	137	60	sept	sept	PROPN
cblr-2896	137	61	.	.	PROPN
cblr-2896	137	62	24	24	NUM
cblr-2896	137	63	,	,	PUNCT
cblr-2896	137	64	2010	2010	NUM
cblr-2896	137	65	)	)	PUNCT
cblr-2896	137	66	.	.	PUNCT
cblr-2896	138	1	10	10	NUM
cblr-2896	138	2	see	see	VERB
cblr-2896	138	3	david	david	PROPN
cblr-2896	138	4	katz	katz	PROPN
cblr-2896	138	5	,	,	PUNCT
cblr-2896	138	6	focus	focus	VERB
cblr-2896	138	7	in	in	ADP
cblr-2896	138	8	2011	2011	NUM
cblr-2896	138	9	will	will	AUX
cblr-2896	138	10	remain	remain	VERB
cblr-2896	138	11	on	on	ADP
cblr-2896	138	12	executive	executive	ADJ
cblr-2896	138	13	compensation	compensation	NOUN
cblr-2896	138	14	,	,	PUNCT
cblr-2896	138	15	harv	harv	PROPN
cblr-2896	138	16	.	.	PUNCT
cblr-2896	139	1	l.	l.	PROPN
cblr-2896	139	2	sch	sch	PROPN
cblr-2896	139	3	.	.	PUNCT
cblr-2896	140	1	f.	f.	PROPN
cblr-2896	140	2	on	on	ADP
cblr-2896	140	3	corp	corp	PROPN
cblr-2896	140	4	.	.	PROPN
cblr-2896	140	5	gov	gov	PROPN
cblr-2896	140	6	.	.	PROPN
cblr-2896	140	7	&	&	CCONJ
cblr-2896	140	8	fin	fin	PROPN
cblr-2896	140	9	.	.	PUNCT
cblr-2896	141	1	reg	reg	PROPN
cblr-2896	141	2	.	.	PUNCT
cblr-2896	142	1	(	(	PUNCT
cblr-2896	142	2	jan	jan	PROPN
cblr-2896	142	3	.	.	PROPN
cblr-2896	142	4	16	16	NUM
cblr-2896	142	5	,	,	PUNCT
cblr-2896	142	6	2011	2011	NUM
cblr-2896	142	7	,	,	PUNCT
cblr-2896	142	8	9:23	9:23	NUM
cblr-2896	142	9	am	am	NOUN
cblr-2896	142	10	)	)	PUNCT
cblr-2896	142	11	,	,	PUNCT
cblr-2896	142	12	http://blogs.law.harvard.edu/corpgov/2011/01/16/focus-in-2011will-remain-on-executive-compensation/#4b	http://blogs.law.harvard.edu/corpgov/2011/01/16/focus-in-2011will-remain-on-executive-compensation/#4b	PROPN
cblr-2896	142	13	.	.	PUNCT
cblr-2896	143	1	843	843	NUM
cblr-2896	143	2	second	second	ADJ
cblr-2896	143	3	,	,	PUNCT
cblr-2896	143	4	of	of	ADP
cblr-2896	143	5	particular	particular	ADJ
cblr-2896	143	6	importance	importance	NOUN
cblr-2896	143	7	,	,	PUNCT
cblr-2896	143	8	institutional	institutional	ADJ
cblr-2896	143	9	actors	actor	NOUN
cblr-2896	143	10	'	'	PART
cblr-2896	143	11	use	use	NOUN
cblr-2896	143	12	of	of	ADP
cblr-2896	143	13	governance	governance	NOUN
cblr-2896	143	14	power	power	NOUN
cblr-2896	143	15	in	in	ADP
cblr-2896	143	16	financial	financial	ADJ
cblr-2896	143	17	firms	firm	NOUN
cblr-2896	143	18	to	to	PART
cblr-2896	143	19	protect	protect	VERB
cblr-2896	143	20	diversified	diversified	ADJ
cblr-2896	143	21	shareholder	shareholder	NOUN
cblr-2896	143	22	interests	interest	NOUN
cblr-2896	143	23	will	will	AUX
cblr-2896	143	24	be	be	AUX
cblr-2896	143	25	constrained	constrain	VERB
cblr-2896	143	26	by	by	ADP
cblr-2896	143	27	what	what	PRON
cblr-2896	143	28	ronald	ronald	PROPN
cblr-2896	143	29	gilson	gilson	PROPN
cblr-2896	143	30	and	and	CCONJ
cblr-2896	143	31	i	i	PRON
cblr-2896	143	32	have	have	AUX
cblr-2896	143	33	called	call	VERB
cblr-2896	143	34	the	the	DET
cblr-2896	143	35	"	"	PUNCT
cblr-2896	143	36	agency	agency	NOUN
cblr-2896	143	37	costs	cost	NOUN
cblr-2896	143	38	of	of	ADP
cblr-2896	143	39	agency	agency	NOUN
cblr-2896	143	40	capitalism	capitalism	NOUN
cblr-2896	143	41	.	.	PUNCT
cblr-2896	144	1	"	"	PUNCT
cblr-2896	144	2	"	"	PUNCT
cblr-2896	144	3	although	although	SCONJ
cblr-2896	144	4	the	the	DET
cblr-2896	144	5	beneficial	beneficial	ADJ
cblr-2896	144	6	owners	owner	NOUN
cblr-2896	144	7	of	of	ADP
cblr-2896	144	8	institutional	institutional	ADJ
cblr-2896	144	9	claims	claim	NOUN
cblr-2896	144	10	are	be	AUX
cblr-2896	144	11	generally	generally	ADV
cblr-2896	144	12	diversified	diversify	VERB
cblr-2896	144	13	,	,	PUNCT
cblr-2896	144	14	the	the	DET
cblr-2896	144	15	selfinterest	selfinterest	NOUN
cblr-2896	144	16	of	of	ADP
cblr-2896	144	17	the	the	DET
cblr-2896	144	18	investment	investment	NOUN
cblr-2896	144	19	managers	manager	NOUN
cblr-2896	144	20	will	will	AUX
cblr-2896	144	21	limit	limit	VERB
cblr-2896	144	22	the	the	DET
cblr-2896	144	23	institutions	institution	NOUN
cblr-2896	144	24	'	'	PART
cblr-2896	144	25	firm	firm	ADJ
cblr-2896	144	26	-	-	PUNCT
cblr-2896	144	27	specific	specific	ADJ
cblr-2896	144	28	governance	governance	NOUN
cblr-2896	144	29	interventions	intervention	NOUN
cblr-2896	144	30	on	on	ADP
cblr-2896	144	31	behalf	behalf	NOUN
cblr-2896	144	32	of	of	ADP
cblr-2896	144	33	diversified	diversified	ADJ
cblr-2896	144	34	shareholder	shareholder	NOUN
cblr-2896	144	35	interests	interest	NOUN
cblr-2896	144	36	.	.	PUNCT
cblr-2896	145	1	the	the	DET
cblr-2896	145	2	institutions	institution	NOUN
cblr-2896	145	3	'	'	PART
cblr-2896	145	4	investment	investment	NOUN
cblr-2896	145	5	managers	manager	NOUN
cblr-2896	145	6	are	be	AUX
cblr-2896	145	7	judged	judge	VERB
cblr-2896	145	8	by	by	ADP
cblr-2896	145	9	whether	whether	SCONJ
cblr-2896	145	10	they	they	PRON
cblr-2896	145	11	can	can	AUX
cblr-2896	145	12	deliver	deliver	VERB
cblr-2896	145	13	"	"	PUNCT
cblr-2896	145	14	superior	superior	ADJ
cblr-2896	145	15	"	"	PUNCT
cblr-2896	145	16	performance	performance	NOUN
cblr-2896	145	17	,	,	PUNCT
cblr-2896	145	18	generally	generally	ADV
cblr-2896	145	19	measured	measure	VERB
cblr-2896	145	20	over	over	ADP
cblr-2896	145	21	a	a	DET
cblr-2896	145	22	relatively	relatively	ADV
cblr-2896	145	23	short	short	ADJ
cblr-2896	145	24	time	time	NOUN
cblr-2896	145	25	frame	frame	NOUN
cblr-2896	145	26	.	.	PUNCT
cblr-2896	146	1	this	this	DET
cblr-2896	146	2	performance	performance	NOUN
cblr-2896	146	3	is	be	AUX
cblr-2896	146	4	typically	typically	ADV
cblr-2896	146	5	measured	measure	VERB
cblr-2896	146	6	against	against	ADP
cblr-2896	146	7	a	a	DET
cblr-2896	146	8	benchmark	benchmark	NOUN
cblr-2896	146	9	,	,	PUNCT
cblr-2896	146	10	so	so	SCONJ
cblr-2896	146	11	that	that	SCONJ
cblr-2896	146	12	the	the	DET
cblr-2896	146	13	manager	manager	NOUN
cblr-2896	146	14	's	's	PART
cblr-2896	146	15	focus	focus	NOUN
cblr-2896	146	16	is	be	AUX
cblr-2896	146	17	not	not	PART
cblr-2896	146	18	the	the	DET
cblr-2896	146	19	market	market	NOUN
cblr-2896	146	20	's	's	PART
cblr-2896	146	21	performance	performance	NOUN
cblr-2896	146	22	but	but	CCONJ
cblr-2896	146	23	his	his	PRON
cblr-2896	146	24	or	or	CCONJ
cblr-2896	146	25	her	her	PRON
cblr-2896	146	26	portfolio	portfolio	NOUN
cblr-2896	146	27	's	's	PART
cblr-2896	146	28	performance	performance	NOUN
cblr-2896	146	29	relative	relative	ADJ
cblr-2896	146	30	to	to	ADP
cblr-2896	146	31	the	the	DET
cblr-2896	146	32	benchmark	benchmark	NOUN
cblr-2896	146	33	.	.	PUNCT
cblr-2896	147	1	a	a	DET
cblr-2896	147	2	manager	manager	NOUN
cblr-2896	147	3	overweight	overweight	NOUN
cblr-2896	147	4	in	in	ADP
cblr-2896	147	5	a	a	DET
cblr-2896	147	6	financial	financial	ADJ
cblr-2896	147	7	firm	firm	NOUN
cblr-2896	147	8	's	's	PART
cblr-2896	147	9	stock	stock	NOUN
cblr-2896	147	10	wants	want	VERB
cblr-2896	147	11	it	it	PRON
cblr-2896	147	12	to	to	PART
cblr-2896	147	13	outperform	outperform	VERB
cblr-2896	147	14	,	,	PUNCT
cblr-2896	147	15	irrespective	irrespective	ADV
cblr-2896	147	16	of	of	ADP
cblr-2896	147	17	the	the	DET
cblr-2896	147	18	fact	fact	NOUN
cblr-2896	147	19	that	that	SCONJ
cblr-2896	147	20	the	the	DET
cblr-2896	147	21	greater	great	ADJ
cblr-2896	147	22	risk	risk	NOUN
cblr-2896	147	23	-	-	PUNCT
cblr-2896	147	24	taking	taking	NOUN
cblr-2896	147	25	commonly	commonly	ADV
cblr-2896	147	26	associated	associate	VERB
cblr-2896	147	27	with	with	ADP
cblr-2896	147	28	such	such	ADJ
cblr-2896	147	29	outperformance	outperformance	NOUN
cblr-2896	147	30	may	may	AUX
cblr-2896	147	31	have	have	AUX
cblr-2896	147	32	systemic	systemic	ADJ
cblr-2896	147	33	implications	implication	NOUN
cblr-2896	147	34	.	.	PUNCT
cblr-2896	148	1	even	even	ADV
cblr-2896	148	2	if	if	SCONJ
cblr-2896	148	3	the	the	DET
cblr-2896	148	4	manager	manager	NOUN
cblr-2896	148	5	foresees	foresee	VERB
cblr-2896	148	6	that	that	SCONJ
cblr-2896	148	7	such	such	ADJ
cblr-2896	148	8	risk	risk	NOUN
cblr-2896	148	9	-	-	PUNCT
cblr-2896	148	10	taking	taking	NOUN
cblr-2896	148	11	by	by	ADP
cblr-2896	148	12	a	a	DET
cblr-2896	148	13	firm	firm	NOUN
cblr-2896	148	14	or	or	CCONJ
cblr-2896	148	15	group	group	NOUN
cblr-2896	148	16	of	of	ADP
cblr-2896	148	17	firms	firm	NOUN
cblr-2896	148	18	may	may	AUX
cblr-2896	148	19	have	have	VERB
cblr-2896	148	20	systemic	systemic	ADJ
cblr-2896	148	21	effects	effect	NOUN
cblr-2896	148	22	,	,	PUNCT
cblr-2896	148	23	the	the	DET
cblr-2896	148	24	incentive	incentive	NOUN
cblr-2896	148	25	structure	structure	NOUN
cblr-2896	148	26	pushes	push	VERB
cblr-2896	148	27	the	the	DET
cblr-2896	148	28	manager	manager	NOUN
cblr-2896	148	29	to	to	PART
cblr-2896	148	30	assemble	assemble	VERB
cblr-2896	148	31	a	a	DET
cblr-2896	148	32	portfolio	portfolio	NOUN
cblr-2896	148	33	that	that	PRON
cblr-2896	148	34	will	will	AUX
cblr-2896	148	35	be	be	AUX
cblr-2896	148	36	less	less	ADV
cblr-2896	148	37	severely	severely	ADV
cblr-2896	148	38	impacted	impact	VERB
cblr-2896	148	39	by	by	ADP
cblr-2896	148	40	financial	financial	ADJ
cblr-2896	148	41	distress	distress	NOUN
cblr-2896	148	42	rather	rather	ADV
cblr-2896	148	43	than	than	ADP
cblr-2896	148	44	incur	incur	VERB
cblr-2896	148	45	the	the	DET
cblr-2896	148	46	uncompensated	uncompensated	ADJ
cblr-2896	148	47	costs	cost	NOUN
cblr-2896	148	48	of	of	ADP
cblr-2896	148	49	a	a	DET
cblr-2896	148	50	corrective	corrective	ADJ
cblr-2896	148	51	governance	governance	NOUN
cblr-2896	148	52	intervention	intervention	NOUN
cblr-2896	148	53	.	.	PUNCT
cblr-2896	149	1	managers	manager	NOUN
cblr-2896	149	2	who	who	PRON
cblr-2896	149	3	are	be	AUX
cblr-2896	149	4	underweight	underweight	ADJ
cblr-2896	149	5	in	in	ADP
cblr-2896	149	6	stocks	stock	NOUN
cblr-2896	149	7	particularly	particularly	ADV
cblr-2896	149	8	hard	hard	ADV
cblr-2896	149	9	hit	hit	VERB
cblr-2896	149	10	by	by	ADP
cblr-2896	149	11	systemic	systemic	ADJ
cblr-2896	149	12	distress	distress	NOUN
cblr-2896	149	13	and	and	CCONJ
cblr-2896	149	14	overweight	overweight	NOUN
cblr-2896	149	15	in	in	ADP
cblr-2896	149	16	the	the	DET
cblr-2896	149	17	relatively	relatively	ADV
cblr-2896	149	18	well	well	ADV
cblr-2896	149	19	-	-	PUNCT
cblr-2896	149	20	insulated	insulate	VERB
cblr-2896	149	21	stocks	stock	NOUN
cblr-2896	149	22	will	will	AUX
cblr-2896	149	23	"	"	PUNCT
cblr-2896	149	24	outperform	outperform	VERB
cblr-2896	149	25	,	,	PUNCT
cblr-2896	149	26	"	"	PUNCT
cblr-2896	149	27	even	even	ADV
cblr-2896	149	28	if	if	SCONJ
cblr-2896	149	29	their	their	PRON
cblr-2896	149	30	portfolios	portfolio	NOUN
cblr-2896	149	31	significantly	significantly	ADV
cblr-2896	149	32	decline	decline	VERB
cblr-2896	149	33	.	.	PUNCT
cblr-2896	150	1	third	third	ADJ
cblr-2896	150	2	,	,	PUNCT
cblr-2896	150	3	governance	governance	NOUN
cblr-2896	150	4	activism	activism	NOUN
cblr-2896	150	5	in	in	ADP
cblr-2896	150	6	financial	financial	ADJ
cblr-2896	150	7	firms	firm	NOUN
cblr-2896	150	8	is	be	AUX
cblr-2896	150	9	subject	subject	ADJ
cblr-2896	150	10	to	to	ADP
cblr-2896	150	11	a	a	DET
cblr-2896	150	12	special	special	ADJ
cblr-2896	150	13	clash	clash	NOUN
cblr-2896	150	14	of	of	ADP
cblr-2896	150	15	shareholder	shareholder	NOUN
cblr-2896	150	16	interests	interest	NOUN
cblr-2896	150	17	that	that	PRON
cblr-2896	150	18	turns	turn	VERB
cblr-2896	150	19	upside	upside	ADV
cblr-2896	150	20	down	down	ADP
cblr-2896	150	21	the	the	DET
cblr-2896	150	22	standard	standard	ADJ
cblr-2896	150	23	models	model	NOUN
cblr-2896	150	24	of	of	ADP
cblr-2896	150	25	the	the	DET
cblr-2896	150	26	benefits	benefit	NOUN
cblr-2896	150	27	of	of	ADP
cblr-2896	150	28	blockholders	blockholder	NOUN
cblr-2896	150	29	in	in	ADP
cblr-2896	150	30	corporate	corporate	ADJ
cblr-2896	150	31	governance	governance	NOUN
cblr-2896	150	32	.	.	PUNCT
cblr-2896	151	1	a	a	DET
cblr-2896	151	2	large	large	ADJ
cblr-2896	151	3	shareholder	shareholder	NOUN
cblr-2896	151	4	-	-	PUNCT
cblr-2896	151	5	a	a	DET
cblr-2896	151	6	blockholderin	blockholderin	NOUN
cblr-2896	151	7	a	a	DET
cblr-2896	151	8	systemically	systemically	ADV
cblr-2896	151	9	important	important	ADJ
cblr-2896	151	10	financial	financial	ADJ
cblr-2896	151	11	firm	firm	NOUN
cblr-2896	151	12	is	be	AUX
cblr-2896	151	13	probably	probably	ADV
cblr-2896	151	14	underdiversified.12	underdiversified.12	ADJ
cblr-2896	151	15	the	the	DET
cblr-2896	151	16	deviation	deviation	NOUN
cblr-2896	151	17	from	from	ADP
cblr-2896	151	18	diversification	diversification	NOUN
cblr-2896	151	19	probably	probably	ADV
cblr-2896	151	20	11	11	NUM
cblr-2896	151	21	see	see	VERB
cblr-2896	151	22	generally	generally	ADV
cblr-2896	151	23	ronald	ronald	PROPN
cblr-2896	151	24	j.	j.	PROPN
cblr-2896	151	25	gilson	gilson	PROPN
cblr-2896	151	26	&	&	CCONJ
cblr-2896	151	27	jeffrey	jeffrey	PROPN
cblr-2896	151	28	n.	n.	PROPN
cblr-2896	151	29	gordon	gordon	PROPN
cblr-2896	151	30	,	,	PUNCT
cblr-2896	151	31	the	the	DET
cblr-2896	151	32	agency	agency	NOUN
cblr-2896	151	33	costs	cost	NOUN
cblr-2896	151	34	of	of	ADP
cblr-2896	151	35	agency	agency	NOUN
cblr-2896	151	36	capitalism	capitalism	NOUN
cblr-2896	151	37	:	:	PUNCT
cblr-2896	151	38	activist	activist	ADJ
cblr-2896	151	39	investors	investor	NOUN
cblr-2896	151	40	and	and	CCONJ
cblr-2896	151	41	the	the	DET
cblr-2896	151	42	revaluation	revaluation	NOUN
cblr-2896	151	43	of	of	ADP
cblr-2896	151	44	governance	governance	NOUN
cblr-2896	151	45	rights	right	NOUN
cblr-2896	151	46	,	,	PUNCT
cblr-2896	151	47	113	113	NUM
cblr-2896	151	48	colum	colum	NOUN
cblr-2896	151	49	.	.	PUNCT
cblr-2896	152	1	l.	l.	PROPN
cblr-2896	152	2	rev	rev	PROPN
cblr-2896	152	3	.	.	PUNCT
cblr-2896	153	1	(	(	PUNCT
cblr-2896	153	2	forthcoming	forthcoming	ADJ
cblr-2896	153	3	may	may	PROPN
cblr-2896	153	4	2013	2013	NUM
cblr-2896	153	5	)	)	PUNCT
cblr-2896	153	6	.	.	PUNCT
cblr-2896	154	1	12	12	NUM
cblr-2896	154	2	even	even	ADV
cblr-2896	154	3	one	one	NUM
cblr-2896	154	4	-	-	PUNCT
cblr-2896	154	5	percent	percent	NOUN
cblr-2896	154	6	ownership	ownership	NOUN
cblr-2896	154	7	of	of	ADP
cblr-2896	154	8	a	a	DET
cblr-2896	154	9	relatively	relatively	ADV
cblr-2896	154	10	small	small	ADJ
cblr-2896	154	11	financial	financial	ADJ
cblr-2896	154	12	firm	firm	NOUN
cblr-2896	154	13	like	like	ADP
cblr-2896	154	14	lehman	lehman	PROPN
cblr-2896	154	15	brothers	brother	NOUN
cblr-2896	154	16	,	,	PUNCT
cblr-2896	154	17	worth	worth	ADJ
cblr-2896	154	18	$	$	SYM
cblr-2896	154	19	47	47	NUM
cblr-2896	154	20	billion	billion	NUM
cblr-2896	154	21	at	at	ADP
cblr-2896	154	22	its	its	PRON
cblr-2896	154	23	peak	peak	NOUN
cblr-2896	154	24	,	,	PUNCT
cblr-2896	154	25	would	would	AUX
cblr-2896	154	26	challenge	challenge	VERB
cblr-2896	154	27	the	the	DET
cblr-2896	154	28	844	844	NUM
cblr-2896	154	29	col	col	PROPN
cblr-2896	154	30	umbia	umbia	PROPN
cblr-2896	154	31	b	b	PROPN
cblr-2896	155	1	usiness	usiness	PROPN
cblr-2896	155	2	la	la	PROPN
cblr-2896	155	3	w	w	PROPN
cblr-2896	155	4	re	re	PROPN
cblr-2896	155	5	vie	vie	PROPN
cblr-2896	155	6	w	w	PROPN
cblr-2896	156	1	[	[	X
cblr-2896	156	2	vol	vol	NOUN
cblr-2896	156	3	.	.	NOUN
cblr-2896	156	4	2012	2012	NUM
cblr-2896	156	5	no	no	NOUN
cblr-2896	156	6	.	.	PUNCT
cblr-2896	157	1	3:834	3:834	NUM
cblr-2896	157	2	]	]	X
cblr-2896	157	3	the	the	DET
cblr-2896	157	4	case	case	NOUN
cblr-2896	157	5	for	for	ADP
cblr-2896	157	6	convertible	convertible	ADJ
cblr-2896	157	7	equity	equity	NOUN
cblr-2896	157	8	-	-	PUNCT
cblr-2896	157	9	based	base	VERB
cblr-2896	157	10	pay	pay	NOUN
cblr-2896	157	11	correlates	correlate	VERB
cblr-2896	157	12	with	with	ADP
cblr-2896	157	13	the	the	DET
cblr-2896	157	14	increase	increase	NOUN
cblr-2896	157	15	in	in	ADP
cblr-2896	157	16	the	the	DET
cblr-2896	157	17	percentage	percentage	NOUN
cblr-2896	157	18	of	of	ADP
cblr-2896	157	19	ownership	ownership	NOUN
cblr-2896	157	20	.	.	PUNCT
cblr-2896	158	1	such	such	DET
cblr-2896	158	2	a	a	DET
cblr-2896	158	3	shareholder	shareholder	NOUN
cblr-2896	158	4	will	will	AUX
cblr-2896	158	5	internalize	internalize	VERB
cblr-2896	158	6	a	a	DET
cblr-2896	158	7	smaller	small	ADJ
cblr-2896	158	8	share	share	NOUN
cblr-2896	158	9	of	of	ADP
cblr-2896	158	10	systemic	systemic	ADJ
cblr-2896	158	11	risk	risk	NOUN
cblr-2896	158	12	distress	distress	NOUN
cblr-2896	158	13	cost	cost	NOUN
cblr-2896	158	14	relative	relative	ADJ
cblr-2896	158	15	to	to	ADP
cblr-2896	158	16	specific	specific	ADJ
cblr-2896	158	17	firm	firm	ADJ
cblr-2896	158	18	risk.13	risk.13	NOUN
cblr-2896	158	19	a	a	DET
cblr-2896	158	20	blockholder	blockholder	NOUN
cblr-2896	158	21	may	may	AUX
cblr-2896	158	22	present	present	VERB
cblr-2896	158	23	very	very	ADV
cblr-2896	158	24	much	much	ADV
cblr-2896	158	25	the	the	DET
cblr-2896	158	26	same	same	ADJ
cblr-2896	158	27	problem	problem	NOUN
cblr-2896	158	28	as	as	ADP
cblr-2896	158	29	management	management	NOUN
cblr-2896	158	30	:	:	PUNCT
cblr-2896	158	31	willing	willing	ADJ
cblr-2896	158	32	to	to	PART
cblr-2896	158	33	take	take	VERB
cblr-2896	158	34	"	"	PUNCT
cblr-2896	158	35	excessive	excessive	ADJ
cblr-2896	158	36	"	"	PUNCT
cblr-2896	158	37	risk	risk	NOUN
cblr-2896	158	38	because	because	SCONJ
cblr-2896	158	39	it	it	PRON
cblr-2896	158	40	internalizes	internalize	VERB
cblr-2896	158	41	the	the	DET
cblr-2896	158	42	full	full	ADJ
cblr-2896	158	43	upside	upside	NOUN
cblr-2896	158	44	but	but	CCONJ
cblr-2896	158	45	not	not	PART
cblr-2896	158	46	much	much	ADJ
cblr-2896	158	47	of	of	ADP
cblr-2896	158	48	the	the	DET
cblr-2896	158	49	systemic	systemic	ADJ
cblr-2896	158	50	downside	downside	NOUN
cblr-2896	158	51	.	.	PUNCT
cblr-2896	159	1	thus	thus	ADV
cblr-2896	159	2	,	,	PUNCT
cblr-2896	159	3	for	for	ADP
cblr-2896	159	4	such	such	DET
cblr-2896	159	5	a	a	DET
cblr-2896	159	6	financial	financial	ADJ
cblr-2896	159	7	firm	firm	NOUN
cblr-2896	159	8	,	,	PUNCT
cblr-2896	159	9	the	the	DET
cblr-2896	159	10	key	key	ADJ
cblr-2896	159	11	divide	divide	NOUN
cblr-2896	159	12	is	be	AUX
cblr-2896	159	13	not	not	PART
cblr-2896	159	14	between	between	ADP
cblr-2896	159	15	shareholders	shareholder	NOUN
cblr-2896	159	16	with	with	ADP
cblr-2896	159	17	"	"	PUNCT
cblr-2896	159	18	short	short	ADJ
cblr-2896	159	19	-	-	PUNCT
cblr-2896	159	20	term	term	NOUN
cblr-2896	159	21	"	"	PUNCT
cblr-2896	159	22	versus	versus	ADP
cblr-2896	159	23	"	"	PUNCT
cblr-2896	159	24	longterm	longterm	ADJ
cblr-2896	159	25	"	"	PUNCT
cblr-2896	159	26	horizons	horizon	NOUN
cblr-2896	159	27	,	,	PUNCT
cblr-2896	159	28	but	but	CCONJ
cblr-2896	159	29	between	between	ADP
cblr-2896	159	30	diversified	diversified	ADJ
cblr-2896	159	31	and	and	CCONJ
cblr-2896	159	32	undiversified	undiversified	ADJ
cblr-2896	159	33	shareholders	shareholder	NOUN
cblr-2896	159	34	.	.	PUNCT
cblr-2896	160	1	the	the	DET
cblr-2896	160	2	deep	deep	ADJ
cblr-2896	160	3	irony	irony	NOUN
cblr-2896	160	4	is	be	AUX
cblr-2896	160	5	that	that	SCONJ
cblr-2896	160	6	the	the	DET
cblr-2896	160	7	blockholder	blockholder	NOUN
cblr-2896	160	8	with	with	ADP
cblr-2896	160	9	enough	enough	ADJ
cblr-2896	160	10	clout	clout	NOUN
cblr-2896	160	11	to	to	PART
cblr-2896	160	12	constrain	constrain	VERB
cblr-2896	160	13	managerial	managerial	ADJ
cblr-2896	160	14	agency	agency	NOUN
cblr-2896	160	15	costs	cost	NOUN
cblr-2896	160	16	-	-	PUNCT
cblr-2896	160	17	the	the	DET
cblr-2896	160	18	objective	objective	NOUN
cblr-2896	160	19	of	of	ADP
cblr-2896	160	20	conventional	conventional	ADJ
cblr-2896	160	21	corporate	corporate	ADJ
cblr-2896	160	22	governance	governance	NOUN
cblr-2896	160	23	-	-	PUNCT
cblr-2896	160	24	also	also	ADV
cblr-2896	160	25	has	have	VERB
cblr-2896	160	26	incentives	incentive	NOUN
cblr-2896	160	27	to	to	PART
cblr-2896	160	28	promote	promote	VERB
cblr-2896	160	29	"	"	PUNCT
cblr-2896	160	30	excessive	excessive	ADJ
cblr-2896	160	31	"	"	PUNCT
cblr-2896	160	32	risk	risk	NOUN
cblr-2896	160	33	-	-	PUNCT
cblr-2896	160	34	taking	taking	NOUN
cblr-2896	160	35	.	.	PUNCT
cblr-2896	161	1	this	this	DET
cblr-2896	161	2	clash	clash	NOUN
cblr-2896	161	3	reintroduces	reintroduce	VERB
cblr-2896	161	4	a	a	DET
cblr-2896	161	5	particular	particular	ADJ
cblr-2896	161	6	sort	sort	NOUN
cblr-2896	161	7	of	of	ADP
cblr-2896	161	8	collective	collective	ADJ
cblr-2896	161	9	action	action	NOUN
cblr-2896	161	10	problem	problem	NOUN
cblr-2896	161	11	in	in	ADP
cblr-2896	161	12	which	which	PRON
cblr-2896	161	13	the	the	DET
cblr-2896	161	14	interests	interest	NOUN
cblr-2896	161	15	of	of	ADP
cblr-2896	161	16	the	the	DET
cblr-2896	161	17	"	"	PUNCT
cblr-2896	161	18	large	large	ADJ
cblr-2896	161	19	shareholder	shareholder	NOUN
cblr-2896	161	20	"	"	PUNCT
cblr-2896	161	21	(	(	PUNCT
cblr-2896	161	22	undiversified	undiversified	ADJ
cblr-2896	161	23	)	)	PUNCT
cblr-2896	161	24	minority	minority	NOUN
cblr-2896	161	25	can	can	AUX
cblr-2896	161	26	outweigh	outweigh	VERB
cblr-2896	161	27	the	the	DET
cblr-2896	161	28	interests	interest	NOUN
cblr-2896	161	29	of	of	ADP
cblr-2896	161	30	the	the	DET
cblr-2896	161	31	"	"	PUNCT
cblr-2896	161	32	small	small	ADJ
cblr-2896	161	33	shareholder	shareholder	NOUN
cblr-2896	161	34	"	"	PUNCT
cblr-2896	161	35	(	(	PUNCT
cblr-2896	161	36	diversified	diversified	ADJ
cblr-2896	161	37	)	)	PUNCT
cblr-2896	161	38	majority	majority	NOUN
cblr-2896	161	39	.	.	PUNCT
cblr-2896	162	1	this	this	PRON
cblr-2896	162	2	is	be	AUX
cblr-2896	162	3	because	because	SCONJ
cblr-2896	162	4	the	the	DET
cblr-2896	162	5	large	large	ADJ
cblr-2896	162	6	shareholder	shareholder	NOUN
cblr-2896	162	7	has	have	VERB
cblr-2896	162	8	greater	great	ADJ
cblr-2896	162	9	incentives	incentive	NOUN
cblr-2896	162	10	to	to	PART
cblr-2896	162	11	invest	invest	VERB
cblr-2896	162	12	resources	resource	NOUN
cblr-2896	162	13	in	in	ADP
cblr-2896	162	14	firm	firm	ADJ
cblr-2896	162	15	-	-	PUNCT
cblr-2896	162	16	specific	specific	ADJ
cblr-2896	162	17	governance	governance	NOUN
cblr-2896	162	18	activism	activism	NOUN
cblr-2896	162	19	that	that	PRON
cblr-2896	162	20	is	be	AUX
cblr-2896	162	21	likely	likely	ADJ
cblr-2896	162	22	to	to	PART
cblr-2896	162	23	influence	influence	VERB
cblr-2896	162	24	managerial	managerial	ADJ
cblr-2896	162	25	behavior	behavior	NOUN
cblr-2896	162	26	.	.	PUNCT
cblr-2896	163	1	put	put	VERB
cblr-2896	163	2	otherwise	otherwise	ADV
cblr-2896	163	3	,	,	PUNCT
cblr-2896	163	4	large	large	ADJ
cblr-2896	163	5	shareholders	shareholder	NOUN
cblr-2896	163	6	,	,	PUNCT
cblr-2896	163	7	whether	whether	SCONJ
cblr-2896	163	8	they	they	PRON
cblr-2896	163	9	are	be	AUX
cblr-2896	163	10	"	"	PUNCT
cblr-2896	163	11	patient	patient	ADJ
cblr-2896	163	12	"	"	PUNCT
cblr-2896	163	13	shareholders	shareholder	NOUN
cblr-2896	163	14	or	or	CCONJ
cblr-2896	163	15	"	"	PUNCT
cblr-2896	163	16	short	short	ADJ
cblr-2896	163	17	-	-	PUNCT
cblr-2896	163	18	termist	termist	NOUN
cblr-2896	163	19	"	"	PUNCT
cblr-2896	163	20	hedge	hedge	NOUN
cblr-2896	163	21	funds	fund	NOUN
cblr-2896	163	22	,	,	PUNCT
cblr-2896	163	23	have	have	VERB
cblr-2896	163	24	disproportionate	disproportionate	ADJ
cblr-2896	163	25	influence	influence	NOUN
cblr-2896	163	26	because	because	SCONJ
cblr-2896	163	27	their	their	PRON
cblr-2896	163	28	highly	highly	ADV
cblr-2896	163	29	salient	salient	ADJ
cblr-2896	163	30	activism	activism	NOUN
cblr-2896	163	31	may	may	AUX
cblr-2896	163	32	threaten	threaten	VERB
cblr-2896	163	33	managerial	managerial	ADJ
cblr-2896	163	34	reputation	reputation	NOUN
cblr-2896	163	35	and	and	CCONJ
cblr-2896	163	36	careers	career	NOUN
cblr-2896	163	37	.	.	PUNCT
cblr-2896	164	1	for	for	ADP
cblr-2896	164	2	nonfinancial	nonfinancial	ADJ
cblr-2896	164	3	firms	firm	NOUN
cblr-2896	164	4	this	this	PRON
cblr-2896	164	5	is	be	AUX
cblr-2896	164	6	not	not	PART
cblr-2896	164	7	a	a	DET
cblr-2896	164	8	problem	problem	NOUN
cblr-2896	164	9	as	as	ADV
cblr-2896	164	10	long	long	ADV
cblr-2896	164	11	as	as	SCONJ
cblr-2896	164	12	managers	manager	NOUN
cblr-2896	164	13	are	be	AUX
cblr-2896	164	14	pushed	push	VERB
cblr-2896	164	15	to	to	PART
cblr-2896	164	16	pursue	pursue	VERB
cblr-2896	164	17	positive	positive	ADJ
cblr-2896	164	18	net	net	ADJ
cblr-2896	164	19	present	present	ADJ
cblr-2896	164	20	value	value	NOUN
cblr-2896	164	21	projects	project	NOUN
cblr-2896	164	22	.	.	PUNCT
cblr-2896	164	23	"	"	PUNCT
cblr-2896	165	1	it	it	PRON
cblr-2896	165	2	can	can	AUX
cblr-2896	165	3	be	be	AUX
cblr-2896	165	4	a	a	DET
cblr-2896	165	5	big	big	ADJ
cblr-2896	165	6	diversification	diversification	NOUN
cblr-2896	165	7	strategy	strategy	NOUN
cblr-2896	165	8	of	of	ADP
cblr-2896	165	9	all	all	PRON
cblr-2896	165	10	but	but	SCONJ
cblr-2896	165	11	the	the	DET
cblr-2896	165	12	largest	large	ADJ
cblr-2896	165	13	investors	investor	NOUN
cblr-2896	165	14	.	.	PUNCT
cblr-2896	166	1	this	this	PRON
cblr-2896	166	2	is	be	AUX
cblr-2896	166	3	not	not	PART
cblr-2896	166	4	to	to	PART
cblr-2896	166	5	say	say	VERB
cblr-2896	166	6	that	that	SCONJ
cblr-2896	166	7	such	such	DET
cblr-2896	166	8	an	an	DET
cblr-2896	166	9	investor	investor	NOUN
cblr-2896	166	10	will	will	AUX
cblr-2896	166	11	have	have	VERB
cblr-2896	166	12	no	no	DET
cblr-2896	166	13	other	other	ADJ
cblr-2896	166	14	investments	investment	NOUN
cblr-2896	166	15	,	,	PUNCT
cblr-2896	166	16	but	but	CCONJ
cblr-2896	166	17	that	that	SCONJ
cblr-2896	166	18	such	such	DET
cblr-2896	166	19	an	an	DET
cblr-2896	166	20	investor	investor	NOUN
cblr-2896	166	21	is	be	AUX
cblr-2896	166	22	likely	likely	ADJ
cblr-2896	166	23	to	to	PART
cblr-2896	166	24	be	be	AUX
cblr-2896	166	25	significantly	significantly	ADV
cblr-2896	166	26	under	under	ADV
cblr-2896	166	27	-	-	PUNCT
cblr-2896	166	28	diversified	diversified	ADJ
cblr-2896	166	29	.	.	PUNCT
cblr-2896	167	1	13	13	NUM
cblr-2896	167	2	vehicles	vehicle	NOUN
cblr-2896	167	3	like	like	ADP
cblr-2896	167	4	total	total	ADJ
cblr-2896	167	5	return	return	NOUN
cblr-2896	167	6	swaps	swap	NOUN
cblr-2896	167	7	that	that	PRON
cblr-2896	167	8	substitute	substitute	VERB
cblr-2896	167	9	for	for	ADP
cblr-2896	167	10	direct	direct	ADJ
cblr-2896	167	11	stock	stock	NOUN
cblr-2896	167	12	ownership	ownership	NOUN
cblr-2896	167	13	can	can	AUX
cblr-2896	167	14	also	also	ADV
cblr-2896	167	15	increase	increase	VERB
cblr-2896	167	16	firm	firm	ADJ
cblr-2896	167	17	-	-	PUNCT
cblr-2896	167	18	specific	specific	ADJ
cblr-2896	167	19	exposure	exposure	NOUN
cblr-2896	167	20	,	,	PUNCT
cblr-2896	167	21	reduce	reduce	VERB
cblr-2896	167	22	diversification	diversification	NOUN
cblr-2896	167	23	,	,	PUNCT
cblr-2896	167	24	and	and	CCONJ
cblr-2896	167	25	thus	thus	ADV
cblr-2896	167	26	increase	increase	VERB
cblr-2896	167	27	the	the	DET
cblr-2896	167	28	ratio	ratio	NOUN
cblr-2896	167	29	of	of	ADP
cblr-2896	167	30	specific	specific	ADJ
cblr-2896	167	31	firm	firm	ADJ
cblr-2896	167	32	risk	risk	NOUN
cblr-2896	167	33	to	to	ADP
cblr-2896	167	34	systemic	systemic	ADJ
cblr-2896	167	35	risk	risk	NOUN
cblr-2896	167	36	.	.	PUNCT
cblr-2896	168	1	14	14	NUM
cblr-2896	168	2	this	this	DET
cblr-2896	168	3	observation	observation	NOUN
cblr-2896	168	4	is	be	AUX
cblr-2896	168	5	more	more	ADV
cblr-2896	168	6	rigorously	rigorously	ADV
cblr-2896	168	7	stated	state	VERB
cblr-2896	168	8	in	in	ADP
cblr-2896	168	9	terms	term	NOUN
cblr-2896	168	10	of	of	ADP
cblr-2896	168	11	the	the	DET
cblr-2896	168	12	so	so	ADV
cblr-2896	168	13	-	-	PUNCT
cblr-2896	168	14	called	call	VERB
cblr-2896	168	15	"	"	PUNCT
cblr-2896	168	16	unanimity	unanimity	NOUN
cblr-2896	168	17	theorem	theorem	VERB
cblr-2896	168	18	,	,	PUNCT
cblr-2896	168	19	"	"	PUNCT
cblr-2896	168	20	in	in	ADP
cblr-2896	168	21	which	which	PRON
cblr-2896	168	22	under	under	ADP
cblr-2896	168	23	conditions	condition	NOUN
cblr-2896	168	24	of	of	ADP
cblr-2896	168	25	complete	complete	ADJ
cblr-2896	168	26	markets	market	NOUN
cblr-2896	168	27	,	,	PUNCT
cblr-2896	168	28	all	all	DET
cblr-2896	168	29	shareholders	shareholder	NOUN
cblr-2896	168	30	should	should	AUX
cblr-2896	168	31	want	want	VERB
cblr-2896	168	32	the	the	DET
cblr-2896	168	33	same	same	ADJ
cblr-2896	168	34	thing	thing	NOUN
cblr-2896	168	35	:	:	PUNCT
cblr-2896	168	36	to	to	PART
cblr-2896	168	37	maximize	maximize	VERB
cblr-2896	168	38	the	the	DET
cblr-2896	168	39	share	share	NOUN
cblr-2896	168	40	price	price	NOUN
cblr-2896	168	41	.	.	PUNCT
cblr-2896	169	1	see	see	VERB
cblr-2896	169	2	jeffrey	jeffrey	PROPN
cblr-2896	169	3	n.	n.	PROPN
cblr-2896	169	4	gordon	gordon	PROPN
cblr-2896	169	5	,	,	PUNCT
cblr-2896	169	6	shareholder	shareholder	NOUN
cblr-2896	169	7	initiative	initiative	NOUN
cblr-2896	169	8	,	,	PUNCT
cblr-2896	169	9	60	60	NUM
cblr-2896	169	10	u.	u.	NOUN
cblr-2896	169	11	cin	cin	PROPN
cblr-2896	169	12	.	.	PUNCT
cblr-2896	170	1	l.	l.	PROPN
cblr-2896	170	2	rev	rev	PROPN
cblr-2896	170	3	.	.	PROPN
cblr-2896	170	4	347	347	NUM
cblr-2896	170	5	,	,	PUNCT
cblr-2896	170	6	36870	36870	NUM
cblr-2896	170	7	(	(	PUNCT
cblr-2896	170	8	1991	1991	NUM
cblr-2896	170	9	)	)	PUNCT
cblr-2896	170	10	;	;	PUNCT
cblr-2896	170	11	jeffrey	jeffrey	PROPN
cblr-2896	170	12	n.	n.	PROPN
cblr-2896	170	13	gordon	gordon	PROPN
cblr-2896	170	14	&	&	CCONJ
cblr-2896	170	15	lewis	lewis	PROPN
cblr-2896	170	16	a.	a.	PROPN
cblr-2896	170	17	kornhauser	kornhauser	PROPN
cblr-2896	170	18	,	,	PUNCT
cblr-2896	170	19	efficient	efficient	ADJ
cblr-2896	170	20	markets	market	NOUN
cblr-2896	170	21	,	,	PUNCT
cblr-2896	170	22	costly	costly	ADJ
cblr-2896	170	23	information	information	NOUN
cblr-2896	170	24	,	,	PUNCT
cblr-2896	170	25	and	and	CCONJ
cblr-2896	170	26	securities	security	NOUN
cblr-2896	170	27	research	research	NOUN
cblr-2896	170	28	,	,	PUNCT
cblr-2896	170	29	60	60	NUM
cblr-2896	170	30	nyu	nyu	PROPN
cblr-2896	170	31	l.	l.	PROPN
cblr-2896	170	32	rev	rev	PROPN
cblr-2896	170	33	.	.	PROPN
cblr-2896	170	34	761	761	NUM
cblr-2896	170	35	,	,	PUNCT
cblr-2896	170	36	833	833	NUM
cblr-2896	170	37	845	845	NUM
cblr-2896	170	38	problem	problem	NOUN
cblr-2896	170	39	in	in	ADP
cblr-2896	170	40	a	a	DET
cblr-2896	170	41	systemically	systemically	ADV
cblr-2896	170	42	significant	significant	ADJ
cblr-2896	170	43	financial	financial	ADJ
cblr-2896	170	44	firm	firm	NOUN
cblr-2896	170	45	if	if	SCONJ
cblr-2896	170	46	influential	influential	ADJ
cblr-2896	170	47	shareholders	shareholder	NOUN
cblr-2896	170	48	do	do	AUX
cblr-2896	170	49	not	not	PART
cblr-2896	170	50	adequately	adequately	ADV
cblr-2896	170	51	internalize	internalize	VERB
cblr-2896	170	52	systemic	systemic	ADJ
cblr-2896	170	53	risk	risk	NOUN
cblr-2896	170	54	distress	distress	NOUN
cblr-2896	170	55	costs	cost	NOUN
cblr-2896	170	56	.	.	PUNCT
cblr-2896	171	1	in	in	ADP
cblr-2896	171	2	terms	term	NOUN
cblr-2896	171	3	of	of	ADP
cblr-2896	171	4	the	the	DET
cblr-2896	171	5	"	"	PUNCT
cblr-2896	171	6	wedge	wedge	NOUN
cblr-2896	171	7	"	"	PUNCT
cblr-2896	171	8	described	describe	VERB
cblr-2896	171	9	above	above	ADV
cblr-2896	171	10	,	,	PUNCT
cblr-2896	171	11	the	the	DET
cblr-2896	171	12	alignment	alignment	NOUN
cblr-2896	171	13	should	should	AUX
cblr-2896	171	14	be	be	AUX
cblr-2896	171	15	restated	restate	VERB
cblr-2896	171	16	as	as	ADP
cblr-2896	171	17	managers	manager	NOUN
cblr-2896	171	18	and	and	CCONJ
cblr-2896	171	19	large	large	ADJ
cblr-2896	171	20	(	(	PUNCT
cblr-2896	171	21	undiversified	undiversified	ADJ
cblr-2896	171	22	)	)	PUNCT
cblr-2896	171	23	shareholders	shareholder	NOUN
cblr-2896	171	24	versus	versus	ADP
cblr-2896	171	25	diversified	diversified	ADJ
cblr-2896	171	26	shareholders	shareholder	NOUN
cblr-2896	171	27	and	and	CCONJ
cblr-2896	171	28	society	society	NOUN
cblr-2896	171	29	.	.	PUNCT
cblr-2896	172	1	thus	thus	ADV
cblr-2896	172	2	,	,	PUNCT
cblr-2896	172	3	depending	depend	VERB
cblr-2896	172	4	on	on	ADP
cblr-2896	172	5	its	its	PRON
cblr-2896	172	6	source	source	NOUN
cblr-2896	172	7	,	,	PUNCT
cblr-2896	172	8	corporate	corporate	ADJ
cblr-2896	172	9	governance	governance	NOUN
cblr-2896	172	10	activism	activism	NOUN
cblr-2896	172	11	in	in	ADP
cblr-2896	172	12	financial	financial	ADJ
cblr-2896	172	13	firms	firm	NOUN
cblr-2896	172	14	might	might	AUX
cblr-2896	172	15	well	well	ADV
cblr-2896	172	16	promote	promote	VERB
cblr-2896	172	17	business	business	NOUN
cblr-2896	172	18	strategies	strategy	NOUN
cblr-2896	172	19	and	and	CCONJ
cblr-2896	172	20	associated	associated	ADJ
cblr-2896	172	21	compensation	compensation	NOUN
cblr-2896	172	22	arrangements	arrangement	NOUN
cblr-2896	172	23	that	that	PRON
cblr-2896	172	24	lead	lead	VERB
cblr-2896	172	25	to	to	ADP
cblr-2896	172	26	excessive	excessive	ADJ
cblr-2896	172	27	risktaking	risktaking	NOUN
cblr-2896	172	28	.	.	PUNCT
cblr-2896	173	1	this	this	PRON
cblr-2896	173	2	is	be	AUX
cblr-2896	173	3	borne	bear	VERB
cblr-2896	173	4	out	out	ADP
cblr-2896	173	5	by	by	ADP
cblr-2896	173	6	post	post	ADJ
cblr-2896	173	7	-	-	ADJ
cblr-2896	173	8	financial	financial	ADJ
cblr-2896	173	9	crisis	crisis	NOUN
cblr-2896	173	10	empirical	empirical	ADJ
cblr-2896	173	11	work	work	NOUN
cblr-2896	173	12	that	that	PRON
cblr-2896	173	13	suggests	suggest	VERB
cblr-2896	173	14	that	that	SCONJ
cblr-2896	173	15	firms	firm	NOUN
cblr-2896	173	16	with	with	ADP
cblr-2896	173	17	a	a	DET
cblr-2896	173	18	higher	high	ADJ
cblr-2896	173	19	level	level	NOUN
cblr-2896	173	20	of	of	ADP
cblr-2896	173	21	institutional	institutional	ADJ
cblr-2896	173	22	ownership,1	ownership,1	NOUN
cblr-2896	173	23	5	5	NUM
cblr-2896	173	24	and	and	CCONJ
cblr-2896	173	25	in	in	ADP
cblr-2896	173	26	particular	particular	ADJ
cblr-2896	173	27	,	,	PUNCT
cblr-2896	173	28	firms	firm	NOUN
cblr-2896	173	29	with	with	ADP
cblr-2896	173	30	a	a	DET
cblr-2896	173	31	higher	high	ADJ
cblr-2896	173	32	level	level	NOUN
cblr-2896	173	33	of	of	ADP
cblr-2896	173	34	"	"	PUNCT
cblr-2896	173	35	short	short	ADJ
cblr-2896	173	36	-	-	PUNCT
cblr-2896	173	37	termist	termist	NOUN
cblr-2896	173	38	"	"	PUNCT
cblr-2896	173	39	institutional	institutional	ADJ
cblr-2896	173	40	ownership	ownership	NOUN
cblr-2896	173	41	,	,	PUNCT
cblr-2896	173	42	created	create	VERB
cblr-2896	173	43	executive	executive	ADJ
cblr-2896	173	44	compensation	compensation	NOUN
cblr-2896	173	45	packages	package	NOUN
cblr-2896	173	46	that	that	PRON
cblr-2896	173	47	produced	produce	VERB
cblr-2896	173	48	such	such	ADJ
cblr-2896	173	49	risk	risk	NOUN
cblr-2896	173	50	-	-	PUNCT
cblr-2896	173	51	taking	taking	NOUN
cblr-2896	173	52	.	.	PUNCT
cblr-2896	174	1	16	16	NUM
cblr-2896	174	2	the	the	DET
cblr-2896	174	3	peculiar	peculiar	ADJ
cblr-2896	174	4	political	political	ADJ
cblr-2896	174	5	economy	economy	NOUN
cblr-2896	174	6	of	of	ADP
cblr-2896	174	7	corporate	corporate	ADJ
cblr-2896	174	8	governance	governance	NOUN
cblr-2896	174	9	means	mean	VERB
cblr-2896	174	10	that	that	SCONJ
cblr-2896	174	11	the	the	DET
cblr-2896	174	12	preferences	preference	NOUN
cblr-2896	174	13	of	of	ADP
cblr-2896	174	14	the	the	DET
cblr-2896	174	15	diversified	diversified	ADJ
cblr-2896	174	16	majority	majority	NOUN
cblr-2896	174	17	of	of	ADP
cblr-2896	174	18	shareholders	shareholder	NOUN
cblr-2896	174	19	may	may	AUX
cblr-2896	174	20	lose	lose	VERB
cblr-2896	174	21	out	out	ADP
cblr-2896	174	22	to	to	ADP
cblr-2896	174	23	the	the	DET
cblr-2896	174	24	distinctly	distinctly	ADV
cblr-2896	174	25	different	different	ADJ
cblr-2896	174	26	preferences	preference	NOUN
cblr-2896	174	27	of	of	ADP
cblr-2896	174	28	concentrated	concentrated	ADJ
cblr-2896	174	29	minority	minority	NOUN
cblr-2896	174	30	shareholders	shareholder	NOUN
cblr-2896	174	31	.	.	PUNCT
cblr-2896	175	1	that	that	DET
cblr-2896	175	2	divergence	divergence	NOUN
cblr-2896	175	3	between	between	ADP
cblr-2896	175	4	the	the	DET
cblr-2896	175	5	interests	interest	NOUN
cblr-2896	175	6	of	of	ADP
cblr-2896	175	7	an	an	DET
cblr-2896	175	8	organized	organized	ADJ
cblr-2896	175	9	minority	minority	NOUN
cblr-2896	175	10	and	and	CCONJ
cblr-2896	175	11	those	those	PRON
cblr-2896	175	12	of	of	ADP
cblr-2896	175	13	a	a	DET
cblr-2896	175	14	relatively	relatively	ADV
cblr-2896	175	15	disorganized	disorganized	ADJ
cblr-2896	175	16	majority	majority	NOUN
cblr-2896	175	17	can	can	AUX
cblr-2896	175	18	produce	produce	VERB
cblr-2896	175	19	a	a	DET
cblr-2896	175	20	welfare	welfare	NOUN
cblr-2896	175	21	-	-	PUNCT
cblr-2896	175	22	reducing	reduce	VERB
cblr-2896	175	23	outcome	outcome	NOUN
cblr-2896	175	24	is	be	AUX
cblr-2896	175	25	a	a	DET
cblr-2896	175	26	well	well	ADV
cblr-2896	175	27	-	-	PUNCT
cblr-2896	175	28	understood	understand	VERB
cblr-2896	175	29	result	result	NOUN
cblr-2896	175	30	in	in	ADP
cblr-2896	175	31	the	the	DET
cblr-2896	175	32	political	political	ADJ
cblr-2896	175	33	realm	realm	NOUN
cblr-2896	175	34	.	.	PUNCT
cblr-2896	176	1	the	the	DET
cblr-2896	176	2	differential	differential	ADJ
cblr-2896	176	3	internalization	internalization	NOUN
cblr-2896	176	4	of	of	ADP
cblr-2896	176	5	systemic	systemic	ADJ
cblr-2896	176	6	risk	risk	NOUN
cblr-2896	176	7	distress	distress	NOUN
cblr-2896	176	8	costs	cost	NOUN
cblr-2896	176	9	brings	bring	VERB
cblr-2896	176	10	this	this	DET
cblr-2896	176	11	problem	problem	NOUN
cblr-2896	176	12	directly	directly	ADV
cblr-2896	176	13	into	into	ADP
cblr-2896	176	14	the	the	DET
cblr-2896	176	15	governance	governance	NOUN
cblr-2896	176	16	of	of	ADP
cblr-2896	176	17	the	the	DET
cblr-2896	176	18	financial	financial	ADJ
cblr-2896	176	19	firm	firm	NOUN
cblr-2896	176	20	as	as	SCONJ
cblr-2896	176	21	well.1	well.1	VERB
cblr-2896	176	22	7	7	NUM
cblr-2896	176	23	this	this	PRON
cblr-2896	176	24	opens	open	VERB
cblr-2896	176	25	a	a	DET
cblr-2896	176	26	n.199	n.199	NOUN
cblr-2896	176	27	(	(	PUNCT
cblr-2896	176	28	1985	1985	NUM
cblr-2896	176	29	)	)	PUNCT
cblr-2896	176	30	;	;	PUNCT
cblr-2896	176	31	mark	mark	PROPN
cblr-2896	176	32	a.	a.	PROPN
cblr-2896	176	33	satterwaite	satterwaite	PROPN
cblr-2896	176	34	,	,	PUNCT
cblr-2896	176	35	on	on	ADP
cblr-2896	176	36	the	the	DET
cblr-2896	176	37	scope	scope	NOUN
cblr-2896	176	38	of	of	ADP
cblr-2896	176	39	the	the	DET
cblr-2896	176	40	stockholder	stockholder	NOUN
cblr-2896	176	41	unanimity	unanimity	NOUN
cblr-2896	176	42	theorems	theorem	VERB
cblr-2896	176	43	,	,	PUNCT
cblr-2896	176	44	22	22	NUM
cblr-2896	176	45	int'l	int'l	NOUN
cblr-2896	176	46	econ	econ	X
cblr-2896	176	47	.	.	PUNCT
cblr-2896	177	1	rev	rev	PROPN
cblr-2896	177	2	.	.	PROPN
cblr-2896	177	3	119	119	NUM
cblr-2896	177	4	(	(	PUNCT
cblr-2896	177	5	1981	1981	NUM
cblr-2896	177	6	)	)	PUNCT
cblr-2896	177	7	.	.	PUNCT
cblr-2896	178	1	15	15	NUM
cblr-2896	178	2	see	see	VERB
cblr-2896	178	3	david	david	PROPN
cblr-2896	178	4	h.	h.	PROPN
cblr-2896	178	5	erkens	erken	NOUN
cblr-2896	178	6	et	et	PROPN
cblr-2896	178	7	al	al	PROPN
cblr-2896	178	8	.	.	PROPN
cblr-2896	178	9	,	,	PUNCT
cblr-2896	178	10	corporate	corporate	ADJ
cblr-2896	178	11	governance	governance	NOUN
cblr-2896	178	12	in	in	ADP
cblr-2896	178	13	the	the	DET
cblr-2896	178	14	2007	2007	NUM
cblr-2896	178	15	-	-	PUNCT
cblr-2896	178	16	no8	no8	NOUN
cblr-2896	178	17	financial	financial	ADJ
cblr-2896	178	18	crisis	crisis	NOUN
cblr-2896	178	19	:	:	PUNCT
cblr-2896	178	20	evidence	evidence	NOUN
cblr-2896	178	21	from	from	ADP
cblr-2896	178	22	financial	financial	ADJ
cblr-2896	178	23	institutions	institution	NOUN
cblr-2896	178	24	worldwide	worldwide	ADV
cblr-2896	178	25	,	,	PUNCT
cblr-2896	178	26	18	18	NUM
cblr-2896	178	27	j.	j.	PROPN
cblr-2896	178	28	corp	corp	PROPN
cblr-2896	178	29	.	.	PROPN
cblr-2896	178	30	fin	fin	PROPN
cblr-2896	178	31	.	.	PUNCT
cblr-2896	179	1	389	389	NUM
cblr-2896	179	2	(	(	PUNCT
cblr-2896	179	3	2012	2012	NUM
cblr-2896	179	4	)	)	PUNCT
cblr-2896	179	5	.	.	PUNCT
cblr-2896	180	1	16	16	NUM
cblr-2896	180	2	see	see	VERB
cblr-2896	180	3	ing	ing	ADJ
cblr-2896	180	4	-	-	PUNCT
cblr-2896	180	5	haw	haw	NOUN
cblr-2896	180	6	cheng	cheng	PROPN
cblr-2896	180	7	et	et	PROPN
cblr-2896	180	8	al	al	PROPN
cblr-2896	180	9	.	.	PROPN
cblr-2896	180	10	,	,	PUNCT
cblr-2896	180	11	yesterday	yesterday	NOUN
cblr-2896	180	12	's	's	PART
cblr-2896	180	13	heroes	hero	NOUN
cblr-2896	180	14	:	:	PUNCT
cblr-2896	180	15	compensation	compensation	NOUN
cblr-2896	180	16	and	and	CCONJ
cblr-2896	180	17	creative	creative	ADJ
cblr-2896	180	18	risk	risk	NOUN
cblr-2896	180	19	-	-	PUNCT
cblr-2896	180	20	taking	take	VERB
cblr-2896	180	21	(	(	PUNCT
cblr-2896	180	22	nat'1	nat'1	PROPN
cblr-2896	180	23	bureau	bureau	NOUN
cblr-2896	180	24	of	of	ADP
cblr-2896	180	25	econ	econ	PROPN
cblr-2896	180	26	.	.	PUNCT
cblr-2896	181	1	research	research	PROPN
cblr-2896	181	2	,	,	PUNCT
cblr-2896	181	3	working	work	VERB
cblr-2896	181	4	paper	paper	NOUN
cblr-2896	181	5	no	no	INTJ
cblr-2896	181	6	.	.	PROPN
cblr-2896	181	7	16176	16176	NUM
cblr-2896	181	8	,	,	PUNCT
cblr-2896	181	9	2011	2011	NUM
cblr-2896	181	10	)	)	PUNCT
cblr-2896	181	11	,	,	PUNCT
cblr-2896	181	12	available	available	ADJ
cblr-2896	181	13	at	at	ADP
cblr-2896	181	14	http://ssrn.com/abstract=1502762	http://ssrn.com/abstract=1502762	PROPN
cblr-2896	181	15	.	.	PUNCT
cblr-2896	181	16	17	17	NUM
cblr-2896	181	17	conceivably	conceivably	ADV
cblr-2896	181	18	,	,	PUNCT
cblr-2896	181	19	there	there	PRON
cblr-2896	181	20	is	be	VERB
cblr-2896	181	21	significant	significant	ADJ
cblr-2896	181	22	differential	differential	ADJ
cblr-2896	181	23	internalization	internalization	NOUN
cblr-2896	181	24	of	of	ADP
cblr-2896	181	25	systemic	systemic	ADJ
cblr-2896	181	26	risk	risk	NOUN
cblr-2896	181	27	by	by	ADP
cblr-2896	181	28	diversified	diversified	ADJ
cblr-2896	181	29	shareholders	shareholder	NOUN
cblr-2896	181	30	versus	versus	ADP
cblr-2896	181	31	blockholders	blockholder	NOUN
cblr-2896	181	32	even	even	ADV
cblr-2896	181	33	for	for	ADP
cblr-2896	181	34	nonfinancial	nonfinancial	ADJ
cblr-2896	181	35	firms	firm	NOUN
cblr-2896	181	36	.	.	PUNCT
cblr-2896	182	1	imagine	imagine	VERB
cblr-2896	182	2	that	that	SCONJ
cblr-2896	182	3	blockholders	blockholder	NOUN
cblr-2896	182	4	push	push	VERB
cblr-2896	182	5	firms	firm	NOUN
cblr-2896	182	6	to	to	PART
cblr-2896	182	7	follow	follow	VERB
cblr-2896	182	8	a	a	DET
cblr-2896	182	9	highleverage	highleverage	NOUN
cblr-2896	182	10	strategy	strategy	NOUN
cblr-2896	182	11	or	or	CCONJ
cblr-2896	182	12	a	a	DET
cblr-2896	182	13	particular	particular	ADJ
cblr-2896	182	14	operational	operational	ADJ
cblr-2896	182	15	strategy	strategy	NOUN
cblr-2896	182	16	(	(	PUNCT
cblr-2896	182	17	e.g.	e.g.	ADV
cblr-2896	182	18	,	,	PUNCT
cblr-2896	182	19	disaggregated	disaggregate	VERB
cblr-2896	182	20	supply	supply	NOUN
cblr-2896	182	21	chains	chain	NOUN
cblr-2896	182	22	)	)	PUNCT
cblr-2896	182	23	that	that	PRON
cblr-2896	182	24	successfully	successfully	ADV
cblr-2896	182	25	increases	increase	VERB
cblr-2896	182	26	shareholder	shareholder	NOUN
cblr-2896	182	27	returns	return	NOUN
cblr-2896	182	28	at	at	ADP
cblr-2896	182	29	some	some	DET
cblr-2896	182	30	firms	firm	NOUN
cblr-2896	182	31	,	,	PUNCT
cblr-2896	182	32	but	but	CCONJ
cblr-2896	182	33	if	if	SCONJ
cblr-2896	182	34	disseminated	disseminate	VERB
cblr-2896	182	35	widely	widely	ADV
cblr-2896	182	36	,	,	PUNCT
cblr-2896	182	37	will	will	AUX
cblr-2896	182	38	have	have	VERB
cblr-2896	182	39	systematic	systematic	ADJ
cblr-2896	182	40	effects	effect	NOUN
cblr-2896	182	41	(	(	PUNCT
cblr-2896	182	42	e.g.	e.g.	ADV
cblr-2896	182	43	,	,	PUNCT
cblr-2896	182	44	greater	great	ADJ
cblr-2896	182	45	col	col	PROPN
cblr-2896	182	46	umbia	umbia	PROPN
cblr-2896	182	47	b	b	PROPN
cblr-2896	183	1	usiness	usiness	PROPN
cblr-2896	183	2	la	la	PROPN
cblr-2896	183	3	w	w	PROPN
cblr-2896	183	4	re	re	PROPN
cblr-2896	183	5	vie	vie	PROPN
cblr-2896	183	6	w	w	PROPN
cblr-2896	184	1	[	[	X
cblr-2896	184	2	vol	vol	NOUN
cblr-2896	184	3	.	.	PUNCT
cblr-2896	185	1	2012846	2012846	NUM
cblr-2896	185	2	no	no	NOUN
cblr-2896	185	3	.	.	PUNCT
cblr-2896	186	1	3:834	3:834	NUM
cblr-2896	186	2	]	]	X
cblr-2896	186	3	the	the	DET
cblr-2896	186	4	case	case	NOUN
cblr-2896	186	5	for	for	ADP
cblr-2896	186	6	convertible	convertible	ADJ
cblr-2896	186	7	equity	equity	NOUN
cblr-2896	186	8	-	-	PUNCT
cblr-2896	186	9	based	base	VERB
cblr-2896	186	10	pay	pay	NOUN
cblr-2896	186	11	space	space	NOUN
cblr-2896	186	12	for	for	ADP
cblr-2896	186	13	regulation	regulation	NOUN
cblr-2896	186	14	to	to	PART
cblr-2896	186	15	defend	defend	VERB
cblr-2896	186	16	the	the	DET
cblr-2896	186	17	interests	interest	NOUN
cblr-2896	186	18	of	of	ADP
cblr-2896	186	19	diversified	diversified	ADJ
cblr-2896	186	20	shareholders	shareholder	NOUN
cblr-2896	186	21	(	(	PUNCT
cblr-2896	186	22	and	and	CCONJ
cblr-2896	186	23	the	the	DET
cblr-2896	186	24	social	social	ADJ
cblr-2896	186	25	interest	interest	NOUN
cblr-2896	186	26	)	)	PUNCT
cblr-2896	186	27	by	by	ADP
cblr-2896	186	28	constraining	constrain	VERB
cblr-2896	186	29	excessive	excessive	ADJ
cblr-2896	186	30	risk	risk	NOUN
cblr-2896	186	31	-	-	PUNCT
cblr-2896	186	32	taking	taking	NOUN
cblr-2896	186	33	that	that	PRON
cblr-2896	186	34	may	may	AUX
cblr-2896	186	35	be	be	AUX
cblr-2896	186	36	the	the	DET
cblr-2896	186	37	result	result	NOUN
cblr-2896	186	38	of	of	ADP
cblr-2896	186	39	-	-	PUNCT
cblr-2896	186	40	rather	rather	ADV
cblr-2896	186	41	than	than	ADP
cblr-2896	186	42	reflect	reflect	VERB
cblr-2896	186	43	a	a	DET
cblr-2896	186	44	shortfall	shortfall	NOUN
cblr-2896	186	45	in	in	ADP
cblr-2896	186	46	-	-	PUNCT
cblr-2896	186	47	the	the	DET
cblr-2896	186	48	influence	influence	NOUN
cblr-2896	186	49	of	of	ADP
cblr-2896	186	50	large	large	ADJ
cblr-2896	186	51	,	,	PUNCT
cblr-2896	186	52	undiversified	undiversified	ADJ
cblr-2896	186	53	shareholders	shareholder	NOUN
cblr-2896	186	54	.	.	PUNCT
cblr-2896	187	1	the	the	DET
cblr-2896	187	2	case	case	NOUN
cblr-2896	187	3	for	for	ADP
cblr-2896	187	4	regulation	regulation	NOUN
cblr-2896	187	5	is	be	AUX
cblr-2896	187	6	strengthened	strengthen	VERB
cblr-2896	187	7	by	by	ADP
cblr-2896	187	8	the	the	DET
cblr-2896	187	9	realization	realization	NOUN
cblr-2896	187	10	that	that	SCONJ
cblr-2896	187	11	many	many	ADJ
cblr-2896	187	12	such	such	ADJ
cblr-2896	187	13	blockholders	blockholder	NOUN
cblr-2896	187	14	are	be	AUX
cblr-2896	187	15	investment	investment	NOUN
cblr-2896	187	16	intermediaries	intermediary	NOUN
cblr-2896	187	17	acting	act	VERB
cblr-2896	187	18	for	for	ADP
cblr-2896	187	19	diversified	diversified	ADJ
cblr-2896	187	20	investors	investor	NOUN
cblr-2896	187	21	and	and	CCONJ
cblr-2896	187	22	thus	thus	ADV
cblr-2896	187	23	disserve	disserve	VERB
cblr-2896	187	24	the	the	DET
cblr-2896	187	25	interests	interest	NOUN
cblr-2896	187	26	of	of	ADP
cblr-2896	187	27	their	their	PRON
cblr-2896	187	28	beneficial	beneficial	ADJ
cblr-2896	187	29	owners	owner	NOUN
cblr-2896	187	30	by	by	ADP
cblr-2896	187	31	promoting	promote	VERB
cblr-2896	187	32	excessive	excessive	ADJ
cblr-2896	187	33	risk	risk	NOUN
cblr-2896	187	34	-	-	PUNCT
cblr-2896	187	35	taking	taking	NOUN
cblr-2896	187	36	by	by	ADP
cblr-2896	187	37	financial	financial	ADJ
cblr-2896	187	38	firms	firm	NOUN
cblr-2896	187	39	.	.	PUNCT
cblr-2896	187	40	"	"	PUNCT
cblr-2896	188	1	but	but	CCONJ
cblr-2896	188	2	regulation	regulation	NOUN
cblr-2896	188	3	is	be	AUX
cblr-2896	188	4	necessary	necessary	ADJ
cblr-2896	188	5	not	not	PART
cblr-2896	188	6	only	only	ADV
cblr-2896	188	7	because	because	SCONJ
cblr-2896	188	8	of	of	ADP
cblr-2896	188	9	the	the	DET
cblr-2896	188	10	diversity	diversity	NOUN
cblr-2896	188	11	of	of	ADP
cblr-2896	188	12	shareholders	shareholder	NOUN
cblr-2896	188	13	within	within	ADP
cblr-2896	188	14	firms	firm	NOUN
cblr-2896	188	15	,	,	PUNCT
cblr-2896	188	16	but	but	CCONJ
cblr-2896	188	17	also	also	ADV
cblr-2896	188	18	because	because	SCONJ
cblr-2896	188	19	of	of	ADP
cblr-2896	188	20	shareholder	shareholder	NOUN
cblr-2896	188	21	diversity	diversity	NOUN
cblr-2896	188	22	across	across	ADP
cblr-2896	188	23	firms	firm	NOUN
cblr-2896	188	24	.	.	PUNCT
cblr-2896	189	1	blockholderdominated	blockholderdominate	VERB
cblr-2896	189	2	firms	firm	NOUN
cblr-2896	189	3	are	be	AUX
cblr-2896	189	4	likely	likely	ADJ
cblr-2896	189	5	to	to	PART
cblr-2896	189	6	engage	engage	VERB
cblr-2896	189	7	in	in	ADP
cblr-2896	189	8	greater	great	ADJ
cblr-2896	189	9	risk	risk	NOUN
cblr-2896	189	10	-	-	PUNCT
cblr-2896	189	11	taking	taking	NOUN
cblr-2896	189	12	than	than	ADP
cblr-2896	189	13	other	other	ADJ
cblr-2896	189	14	firms	firm	NOUN
cblr-2896	189	15	.	.	PUNCT
cblr-2896	190	1	this	this	PRON
cblr-2896	190	2	increases	increase	VERB
cblr-2896	190	3	the	the	DET
cblr-2896	190	4	risk	risk	NOUN
cblr-2896	190	5	of	of	ADP
cblr-2896	190	6	own	own	ADJ
cblr-2896	190	7	-	-	PUNCT
cblr-2896	190	8	firm	firm	NOUN
cblr-2896	190	9	failure	failure	NOUN
cblr-2896	190	10	,	,	PUNCT
cblr-2896	190	11	which	which	PRON
cblr-2896	190	12	could	could	AUX
cblr-2896	190	13	impose	impose	VERB
cblr-2896	190	14	systemic	systemic	ADJ
cblr-2896	190	15	distress	distress	NOUN
cblr-2896	190	16	costs	cost	NOUN
cblr-2896	190	17	on	on	ADP
cblr-2896	190	18	diversified	diversified	ADJ
cblr-2896	190	19	shareholders	shareholder	NOUN
cblr-2896	190	20	(	(	PUNCT
cblr-2896	190	21	and	and	CCONJ
cblr-2896	190	22	others	other	NOUN
cblr-2896	190	23	)	)	PUNCT
cblr-2896	190	24	.	.	PUNCT
cblr-2896	191	1	but	but	CCONJ
cblr-2896	191	2	the	the	DET
cblr-2896	191	3	higher	high	ADJ
cblr-2896	191	4	(	(	PUNCT
cblr-2896	191	5	apparent	apparent	ADJ
cblr-2896	191	6	)	)	PUNCT
cblr-2896	191	7	returns	return	NOUN
cblr-2896	191	8	from	from	ADP
cblr-2896	191	9	a	a	DET
cblr-2896	191	10	higher	high	ADJ
cblr-2896	191	11	-	-	PUNCT
cblr-2896	191	12	risk	risk	NOUN
cblr-2896	191	13	strategy	strategy	NOUN
cblr-2896	191	14	will	will	AUX
cblr-2896	191	15	also	also	ADV
cblr-2896	191	16	put	put	VERB
cblr-2896	191	17	pressure	pressure	NOUN
cblr-2896	191	18	on	on	ADP
cblr-2896	191	19	all	all	DET
cblr-2896	191	20	firms	firm	NOUN
cblr-2896	191	21	to	to	PART
cblr-2896	191	22	engage	engage	VERB
cblr-2896	191	23	in	in	ADP
cblr-2896	191	24	great	great	ADJ
cblr-2896	191	25	risk	risk	NOUN
cblr-2896	191	26	-	-	PUNCT
cblr-2896	191	27	taking	taking	NOUN
cblr-2896	191	28	,	,	PUNCT
cblr-2896	191	29	even	even	ADV
cblr-2896	191	30	firms	firm	NOUN
cblr-2896	191	31	owned	own	VERB
cblr-2896	191	32	by	by	ADP
cblr-2896	191	33	diversified	diversified	ADJ
cblr-2896	191	34	shareholders	shareholder	NOUN
cblr-2896	191	35	without	without	ADP
cblr-2896	191	36	a	a	DET
cblr-2896	191	37	dominant	dominant	ADJ
cblr-2896	191	38	blockholder	blockholder	NOUN
cblr-2896	191	39	.	.	PUNCT
cblr-2896	192	1	this	this	DET
cblr-2896	192	2	pattern	pattern	NOUN
cblr-2896	192	3	also	also	ADV
cblr-2896	192	4	increases	increase	VERB
cblr-2896	192	5	the	the	DET
cblr-2896	192	6	likelihood	likelihood	NOUN
cblr-2896	192	7	of	of	ADP
cblr-2896	192	8	systemic	systemic	ADJ
cblr-2896	192	9	distress	distress	NOUN
cblr-2896	192	10	.	.	PUNCT
cblr-2896	193	1	the	the	DET
cblr-2896	193	2	distinctive	distinctive	ADJ
cblr-2896	193	3	political	political	ADJ
cblr-2896	193	4	economy	economy	NOUN
cblr-2896	193	5	of	of	ADP
cblr-2896	193	6	financial	financial	ADJ
cblr-2896	193	7	firm	firm	ADJ
cblr-2896	193	8	shareownership	shareownership	NOUN
cblr-2896	193	9	may	may	AUX
cblr-2896	193	10	affect	affect	VERB
cblr-2896	193	11	not	not	PART
cblr-2896	193	12	only	only	ADV
cblr-2896	193	13	financial	financial	ADJ
cblr-2896	193	14	firm	firm	ADJ
cblr-2896	193	15	governance	governance	NOUN
cblr-2896	193	16	but	but	CCONJ
cblr-2896	193	17	also	also	ADV
cblr-2896	193	18	the	the	DET
cblr-2896	193	19	regulatory	regulatory	ADJ
cblr-2896	193	20	intervention	intervention	NOUN
cblr-2896	193	21	that	that	PRON
cblr-2896	193	22	could	could	AUX
cblr-2896	193	23	address	address	VERB
cblr-2896	193	24	the	the	DET
cblr-2896	193	25	consequences	consequence	NOUN
cblr-2896	193	26	of	of	ADP
cblr-2896	193	27	this	this	DET
cblr-2896	193	28	governance	governance	NOUN
cblr-2896	193	29	conflict	conflict	NOUN
cblr-2896	193	30	.	.	PUNCT
cblr-2896	194	1	the	the	DET
cblr-2896	194	2	same	same	ADJ
cblr-2896	194	3	clash	clash	NOUN
cblr-2896	194	4	of	of	ADP
cblr-2896	194	5	shareholder	shareholder	NOUN
cblr-2896	194	6	interests	interest	NOUN
cblr-2896	194	7	can	can	AUX
cblr-2896	194	8	also	also	ADV
cblr-2896	194	9	distort	distort	VERB
cblr-2896	194	10	the	the	DET
cblr-2896	194	11	regulatory	regulatory	ADJ
cblr-2896	194	12	process	process	NOUN
cblr-2896	194	13	,	,	PUNCT
cblr-2896	194	14	since	since	SCONJ
cblr-2896	194	15	large	large	ADJ
cblr-2896	194	16	(	(	PUNCT
cblr-2896	194	17	undiversified	undiversified	ADJ
cblr-2896	194	18	)	)	PUNCT
cblr-2896	194	19	shareholders	shareholder	NOUN
cblr-2896	194	20	may	may	AUX
cblr-2896	194	21	be	be	AUX
cblr-2896	194	22	willing	willing	ADJ
cblr-2896	194	23	to	to	PART
cblr-2896	194	24	invest	invest	VERB
cblr-2896	194	25	greater	great	ADJ
cblr-2896	194	26	resources	resource	NOUN
cblr-2896	194	27	into	into	ADP
cblr-2896	194	28	shaping	shape	VERB
cblr-2896	194	29	the	the	DET
cblr-2896	194	30	regulatory	regulatory	ADJ
cblr-2896	194	31	outcome	outcome	NOUN
cblr-2896	194	32	,	,	PUNCT
cblr-2896	194	33	as	as	SCONJ
cblr-2896	194	34	noted	note	VERB
cblr-2896	194	35	above	above	ADV
cblr-2896	194	36	.	.	PUNCT
cblr-2896	195	1	one	one	NUM
cblr-2896	195	2	cautionary	cautionary	ADJ
cblr-2896	195	3	note	note	NOUN
cblr-2896	195	4	for	for	ADP
cblr-2896	195	5	regulators	regulator	NOUN
cblr-2896	195	6	:	:	PUNCT
cblr-2896	195	7	watch	watch	VERB
cblr-2896	195	8	carefully	carefully	ADV
cblr-2896	195	9	which	which	DET
cblr-2896	195	10	shareholders	shareholder	NOUN
cblr-2896	195	11	you	you	PRON
cblr-2896	195	12	pay	pay	VERB
cblr-2896	195	13	attention	attention	NOUN
cblr-2896	195	14	to	to	ADP
cblr-2896	195	15	.	.	PUNCT
cblr-2896	196	1	exposure	exposure	NOUN
cblr-2896	196	2	to	to	ADP
cblr-2896	196	3	the	the	DET
cblr-2896	196	4	business	business	NOUN
cblr-2896	196	5	and	and	CCONJ
cblr-2896	196	6	interest	interest	NOUN
cblr-2896	196	7	rate	rate	NOUN
cblr-2896	196	8	cycle	cycle	NOUN
cblr-2896	196	9	)	)	PUNCT
cblr-2896	196	10	,	,	PUNCT
cblr-2896	196	11	which	which	PRON
cblr-2896	196	12	diversified	diversify	VERB
cblr-2896	196	13	shareholders	shareholder	NOUN
cblr-2896	196	14	will	will	AUX
cblr-2896	196	15	internalize	internalize	VERB
cblr-2896	196	16	but	but	CCONJ
cblr-2896	196	17	blockholders	blockholder	NOUN
cblr-2896	196	18	may	may	AUX
cblr-2896	196	19	not	not	PART
cblr-2896	196	20	.	.	PUNCT
cblr-2896	197	1	pension	pension	NOUN
cblr-2896	197	2	funds	fund	NOUN
cblr-2896	197	3	and	and	CCONJ
cblr-2896	197	4	hedge	hedge	NOUN
cblr-2896	197	5	funds	fund	NOUN
cblr-2896	197	6	make	make	VERB
cblr-2896	197	7	for	for	ADP
cblr-2896	197	8	uneasy	uneasy	ADJ
cblr-2896	197	9	partners	partner	NOUN
cblr-2896	197	10	in	in	ADP
cblr-2896	197	11	corporate	corporate	ADJ
cblr-2896	197	12	governance	governance	NOUN
cblr-2896	197	13	,	,	PUNCT
cblr-2896	197	14	less	less	ADJ
cblr-2896	197	15	on	on	ADP
cblr-2896	197	16	the	the	DET
cblr-2896	197	17	dimension	dimension	NOUN
cblr-2896	197	18	of	of	ADP
cblr-2896	197	19	time	time	NOUN
cblr-2896	197	20	frame	frame	NOUN
cblr-2896	197	21	than	than	ADP
cblr-2896	197	22	diversification	diversification	NOUN
cblr-2896	197	23	.	.	PUNCT
cblr-2896	198	1	18	18	NUM
cblr-2896	198	2	see	see	VERB
cblr-2896	198	3	gilson	gilson	PROPN
cblr-2896	198	4	&	&	CCONJ
cblr-2896	198	5	gordon	gordon	PROPN
cblr-2896	198	6	,	,	PUNCT
cblr-2896	198	7	supra	supra	PROPN
cblr-2896	198	8	note	note	PROPN
cblr-2896	198	9	11	11	NUM
cblr-2896	198	10	.	.	SYM
cblr-2896	198	11	847	847	NUM
cblr-2896	198	12	columbia	columbia	PROPN
cblr-2896	198	13	business	business	PROPN
cblr-2896	198	14	law	law	PROPN
cblr-2896	198	15	review	review	PROPN
cblr-2896	198	16	iii	iii	PROPN
cblr-2896	198	17	.	.	PUNCT
cblr-2896	199	1	a	a	DET
cblr-2896	199	2	new	new	ADJ
cblr-2896	199	3	compensation	compensation	NOUN
cblr-2896	199	4	problem	problem	NOUN
cblr-2896	199	5	in	in	ADP
cblr-2896	199	6	the	the	DET
cblr-2896	199	7	financial	financial	ADJ
cblr-2896	199	8	firm	firm	NOUN
cblr-2896	199	9	a	a	DET
cblr-2896	199	10	distinct	distinct	ADJ
cblr-2896	199	11	problem	problem	NOUN
cblr-2896	199	12	in	in	ADP
cblr-2896	199	13	the	the	DET
cblr-2896	199	14	management	management	NOUN
cblr-2896	199	15	of	of	ADP
cblr-2896	199	16	systemic	systemic	ADJ
cblr-2896	199	17	risk	risk	NOUN
cblr-2896	199	18	in	in	ADP
cblr-2896	199	19	the	the	DET
cblr-2896	199	20	financial	financial	ADJ
cblr-2896	199	21	firm	firm	NOUN
cblr-2896	199	22	is	be	AUX
cblr-2896	199	23	the	the	DET
cblr-2896	199	24	ceo	ceo	NOUN
cblr-2896	199	25	's	's	PART
cblr-2896	199	26	equity	equity	NOUN
cblr-2896	199	27	ownership	ownership	NOUN
cblr-2896	199	28	.	.	PUNCT
cblr-2896	200	1	the	the	DET
cblr-2896	200	2	prior	prior	ADJ
cblr-2896	200	3	section	section	NOUN
cblr-2896	200	4	discussed	discuss	VERB
cblr-2896	200	5	how	how	SCONJ
cblr-2896	200	6	management	management	NOUN
cblr-2896	200	7	's	's	PART
cblr-2896	200	8	stock	stock	NOUN
cblr-2896	200	9	ownership	ownership	NOUN
cblr-2896	200	10	can	can	AUX
cblr-2896	200	11	increase	increase	VERB
cblr-2896	200	12	the	the	DET
cblr-2896	200	13	gap	gap	NOUN
cblr-2896	200	14	in	in	ADP
cblr-2896	200	15	systemic	systemic	ADJ
cblr-2896	200	16	distress	distress	NOUN
cblr-2896	200	17	risk	risk	NOUN
cblr-2896	200	18	-	-	PUNCT
cblr-2896	200	19	bearing	bearing	NOUN
cblr-2896	200	20	with	with	ADP
cblr-2896	200	21	diversified	diversified	ADJ
cblr-2896	200	22	shareholders	shareholder	NOUN
cblr-2896	200	23	.	.	PUNCT
cblr-2896	201	1	but	but	CCONJ
cblr-2896	201	2	the	the	DET
cblr-2896	201	3	impact	impact	NOUN
cblr-2896	201	4	of	of	ADP
cblr-2896	201	5	a	a	DET
cblr-2896	201	6	large	large	ADJ
cblr-2896	201	7	management	management	NOUN
cblr-2896	201	8	equity	equity	NOUN
cblr-2896	201	9	stake	stake	NOUN
cblr-2896	201	10	,	,	PUNCT
cblr-2896	201	11	especially	especially	ADV
cblr-2896	201	12	a	a	DET
cblr-2896	201	13	large	large	ADJ
cblr-2896	201	14	ceo	ceo	NOUN
cblr-2896	201	15	stake	stake	NOUN
cblr-2896	201	16	,	,	PUNCT
cblr-2896	201	17	becomes	become	VERB
cblr-2896	201	18	particularly	particularly	ADV
cblr-2896	201	19	important	important	ADJ
cblr-2896	201	20	as	as	SCONJ
cblr-2896	201	21	the	the	DET
cblr-2896	201	22	firm	firm	NOUN
cblr-2896	201	23	faces	face	VERB
cblr-2896	201	24	the	the	DET
cblr-2896	201	25	onset	onset	NOUN
cblr-2896	201	26	of	of	ADP
cblr-2896	201	27	financial	financial	ADJ
cblr-2896	201	28	distress	distress	NOUN
cblr-2896	201	29	.	.	PUNCT
cblr-2896	202	1	this	this	PRON
cblr-2896	202	2	is	be	AUX
cblr-2896	202	3	a	a	DET
cblr-2896	202	4	moment	moment	NOUN
cblr-2896	202	5	when	when	SCONJ
cblr-2896	202	6	systemic	systemic	ADJ
cblr-2896	202	7	risk	risk	NOUN
cblr-2896	202	8	considerations	consideration	NOUN
cblr-2896	202	9	would	would	AUX
cblr-2896	202	10	argue	argue	VERB
cblr-2896	202	11	for	for	ADP
cblr-2896	202	12	an	an	DET
cblr-2896	202	13	immediate	immediate	ADJ
cblr-2896	202	14	infusion	infusion	NOUN
cblr-2896	202	15	of	of	ADP
cblr-2896	202	16	equity	equity	NOUN
cblr-2896	202	17	capital	capital	NOUN
cblr-2896	202	18	to	to	PART
cblr-2896	202	19	stabilize	stabilize	VERB
cblr-2896	202	20	the	the	DET
cblr-2896	202	21	firm	firm	NOUN
cblr-2896	202	22	,	,	PUNCT
cblr-2896	202	23	but	but	CCONJ
cblr-2896	202	24	the	the	DET
cblr-2896	202	25	ceo	ceo	NOUN
cblr-2896	202	26	's	's	PART
cblr-2896	202	27	personal	personal	ADJ
cblr-2896	202	28	wealth	wealth	NOUN
cblr-2896	202	29	calculus	calculus	NOUN
cblr-2896	202	30	argues	argue	VERB
cblr-2896	202	31	against	against	ADP
cblr-2896	202	32	such	such	ADJ
cblr-2896	202	33	dilution	dilution	NOUN
cblr-2896	202	34	.	.	PUNCT
cblr-2896	203	1	this	this	PRON
cblr-2896	203	2	might	might	AUX
cblr-2896	203	3	be	be	AUX
cblr-2896	203	4	called	call	VERB
cblr-2896	203	5	"	"	PUNCT
cblr-2896	203	6	the	the	DET
cblr-2896	203	7	fuld	fuld	PROPN
cblr-2896	203	8	problem	problem	NOUN
cblr-2896	203	9	"	"	PUNCT
cblr-2896	203	10	:	:	PUNCT
cblr-2896	203	11	a	a	DET
cblr-2896	203	12	ceo	ceo	NOUN
cblr-2896	203	13	,	,	PUNCT
cblr-2896	203	14	who	who	PRON
cblr-2896	203	15	is	be	AUX
cblr-2896	203	16	reluctant	reluctant	ADJ
cblr-2896	203	17	to	to	PART
cblr-2896	203	18	negotiate	negotiate	VERB
cblr-2896	203	19	a	a	DET
cblr-2896	203	20	large	large	ADJ
cblr-2896	203	21	equity	equity	NOUN
cblr-2896	203	22	raise	raise	NOUN
cblr-2896	203	23	(	(	PUNCT
cblr-2896	203	24	or	or	CCONJ
cblr-2896	203	25	sell	sell	VERB
cblr-2896	203	26	the	the	DET
cblr-2896	203	27	firm	firm	NOUN
cblr-2896	203	28	)	)	PUNCT
cblr-2896	203	29	because	because	SCONJ
cblr-2896	203	30	the	the	DET
cblr-2896	203	31	terms	term	NOUN
cblr-2896	203	32	would	would	AUX
cblr-2896	203	33	massively	massively	ADV
cblr-2896	203	34	dilute	dilute	VERB
cblr-2896	203	35	his	his	PRON
cblr-2896	203	36	personal	personal	ADJ
cblr-2896	203	37	equity	equity	NOUN
cblr-2896	203	38	stake	stake	NOUN
cblr-2896	203	39	,	,	PUNCT
cblr-2896	203	40	may	may	AUX
cblr-2896	203	41	instead	instead	ADV
cblr-2896	203	42	calculate	calculate	VERB
cblr-2896	203	43	that	that	SCONJ
cblr-2896	203	44	holding	hold	VERB
cblr-2896	203	45	out	out	ADP
cblr-2896	203	46	for	for	ADP
cblr-2896	203	47	a	a	DET
cblr-2896	203	48	fortuitous	fortuitous	ADJ
cblr-2896	203	49	turn	turn	NOUN
cblr-2896	203	50	in	in	ADP
cblr-2896	203	51	markets	market	NOUN
cblr-2896	203	52	or	or	CCONJ
cblr-2896	203	53	regulatory	regulatory	ADJ
cblr-2896	203	54	forbearance	forbearance	NOUN
cblr-2896	203	55	has	have	VERB
cblr-2896	203	56	a	a	DET
cblr-2896	203	57	higher	high	ADJ
cblr-2896	203	58	expected	expect	VERB
cblr-2896	203	59	payoff	payoff	NOUN
cblr-2896	203	60	for	for	ADP
cblr-2896	203	61	him	he	PRON
cblr-2896	203	62	.	.	PUNCT
cblr-2896	203	63	"	"	PUNCT
cblr-2896	204	1	when	when	SCONJ
cblr-2896	204	2	expected	expect	VERB
cblr-2896	204	3	creditor	creditor	NOUN
cblr-2896	204	4	losses	loss	NOUN
cblr-2896	204	5	are	be	AUX
cblr-2896	204	6	taken	take	VERB
cblr-2896	204	7	into	into	ADP
cblr-2896	204	8	account	account	NOUN
cblr-2896	204	9	,	,	PUNCT
cblr-2896	204	10	this	this	PRON
cblr-2896	204	11	is	be	AUX
cblr-2896	204	12	a	a	DET
cblr-2896	204	13	negative	negative	ADJ
cblr-2896	204	14	net	net	ADJ
cblr-2896	204	15	present	present	ADJ
cblr-2896	204	16	value	value	NOUN
cblr-2896	204	17	strategy	strategy	NOUN
cblr-2896	204	18	that	that	PRON
cblr-2896	204	19	replays	replay	VERB
cblr-2896	204	20	the	the	DET
cblr-2896	204	21	familiar	familiar	ADJ
cblr-2896	204	22	debt	debt	NOUN
cblr-2896	204	23	-	-	PUNCT
cblr-2896	204	24	equity	equity	NOUN
cblr-2896	204	25	agency	agency	NOUN
cblr-2896	204	26	problem.20	problem.20	PROPN
cblr-2896	204	27	when	when	SCONJ
cblr-2896	204	28	systemic	systemic	ADJ
cblr-2896	204	29	distress	distress	NOUN
cblr-2896	204	30	costs	cost	NOUN
cblr-2896	204	31	are	be	AUX
cblr-2896	204	32	taken	take	VERB
cblr-2896	204	33	on	on	ADP
cblr-2896	204	34	board	board	NOUN
cblr-2896	204	35	,	,	PUNCT
cblr-2896	204	36	the	the	DET
cblr-2896	204	37	impact	impact	NOUN
cblr-2896	204	38	of	of	ADP
cblr-2896	204	39	this	this	DET
cblr-2896	204	40	incentive	incentive	NOUN
cblr-2896	204	41	mismatch	mismatch	NOUN
cblr-2896	204	42	is	be	AUX
cblr-2896	204	43	highly	highly	ADV
cblr-2896	204	44	consequential	consequential	ADJ
cblr-2896	204	45	.	.	PUNCT
cblr-2896	205	1	19	19	NUM
cblr-2896	205	2	i	i	PRON
cblr-2896	205	3	merely	merely	ADV
cblr-2896	205	4	speculate	speculate	VERB
cblr-2896	205	5	that	that	SCONJ
cblr-2896	205	6	richard	richard	PROPN
cblr-2896	205	7	fuld	fuld	PROPN
cblr-2896	205	8	's	's	PART
cblr-2896	205	9	decisions	decision	NOUN
cblr-2896	205	10	with	with	ADP
cblr-2896	205	11	respect	respect	NOUN
cblr-2896	205	12	to	to	ADP
cblr-2896	205	13	possible	possible	ADJ
cblr-2896	205	14	equity	equity	NOUN
cblr-2896	205	15	suppliers	supplier	NOUN
cblr-2896	205	16	,	,	PUNCT
cblr-2896	205	17	including	include	VERB
cblr-2896	205	18	korean	korean	PROPN
cblr-2896	205	19	development	development	PROPN
cblr-2896	205	20	bank	bank	PROPN
cblr-2896	205	21	,	,	PUNCT
cblr-2896	205	22	might	might	AUX
cblr-2896	205	23	have	have	AUX
cblr-2896	205	24	been	be	AUX
cblr-2896	205	25	influenced	influence	VERB
cblr-2896	205	26	by	by	ADP
cblr-2896	205	27	these	these	DET
cblr-2896	205	28	incentives	incentive	NOUN
cblr-2896	205	29	.	.	PUNCT
cblr-2896	206	1	the	the	DET
cblr-2896	206	2	problem	problem	NOUN
cblr-2896	206	3	also	also	ADV
cblr-2896	206	4	could	could	AUX
cblr-2896	206	5	have	have	AUX
cblr-2896	206	6	been	be	AUX
cblr-2896	206	7	labeled	label	VERB
cblr-2896	206	8	the	the	DET
cblr-2896	206	9	"	"	PUNCT
cblr-2896	206	10	cayne	cayne	PROPN
cblr-2896	206	11	problem	problem	NOUN
cblr-2896	206	12	,	,	PUNCT
cblr-2896	206	13	"	"	PUNCT
cblr-2896	206	14	since	since	SCONJ
cblr-2896	206	15	there	there	PRON
cblr-2896	206	16	are	be	VERB
cblr-2896	206	17	published	publish	VERB
cblr-2896	206	18	claims	claim	NOUN
cblr-2896	206	19	that	that	SCONJ
cblr-2896	206	20	jimmy	jimmy	PROPN
cblr-2896	206	21	cayne	cayne	PROPN
cblr-2896	206	22	did	do	AUX
cblr-2896	206	23	not	not	PART
cblr-2896	206	24	pursue	pursue	VERB
cblr-2896	206	25	opportunities	opportunity	NOUN
cblr-2896	206	26	to	to	PART
cblr-2896	206	27	raise	raise	VERB
cblr-2896	206	28	capital	capital	NOUN
cblr-2896	206	29	or	or	CCONJ
cblr-2896	206	30	sell	sell	VERB
cblr-2896	206	31	bear	bear	NOUN
cblr-2896	206	32	stearns	stearn	NOUN
cblr-2896	206	33	.	.	PUNCT
cblr-2896	207	1	there	there	PRON
cblr-2896	207	2	is	be	VERB
cblr-2896	207	3	ample	ample	ADJ
cblr-2896	207	4	evidence	evidence	NOUN
cblr-2896	207	5	that	that	SCONJ
cblr-2896	207	6	parties	party	NOUN
cblr-2896	207	7	believe	believe	VERB
cblr-2896	207	8	the	the	DET
cblr-2896	207	9	ceo	ceo	NOUN
cblr-2896	207	10	responds	respond	VERB
cblr-2896	207	11	to	to	ADP
cblr-2896	207	12	such	such	ADJ
cblr-2896	207	13	incentives	incentive	NOUN
cblr-2896	207	14	.	.	PUNCT
cblr-2896	208	1	the	the	DET
cblr-2896	208	2	change	change	VERB
cblr-2896	208	3	-	-	PUNCT
cblr-2896	208	4	in	in	ADP
cblr-2896	208	5	-	-	PUNCT
cblr-2896	208	6	control	control	NOUN
cblr-2896	208	7	provisions	provision	NOUN
cblr-2896	208	8	of	of	ADP
cblr-2896	208	9	golden	golden	ADJ
cblr-2896	208	10	parachutes	parachute	NOUN
cblr-2896	208	11	,	,	PUNCT
cblr-2896	208	12	which	which	PRON
cblr-2896	208	13	contemplate	contemplate	VERB
cblr-2896	208	14	,	,	PUNCT
cblr-2896	208	15	among	among	ADP
cblr-2896	208	16	other	other	ADJ
cblr-2896	208	17	things	thing	NOUN
cblr-2896	208	18	,	,	PUNCT
cblr-2896	208	19	the	the	DET
cblr-2896	208	20	payment	payment	NOUN
cblr-2896	208	21	of	of	ADP
cblr-2896	208	22	three	three	NUM
cblr-2896	208	23	times	time	NOUN
cblr-2896	208	24	salary	salary	NOUN
cblr-2896	208	25	,	,	PUNCT
cblr-2896	208	26	and	and	CCONJ
cblr-2896	208	27	the	the	DET
cblr-2896	208	28	acceleration	acceleration	NOUN
cblr-2896	208	29	of	of	ADP
cblr-2896	208	30	vested	vested	ADJ
cblr-2896	208	31	options	option	NOUN
cblr-2896	208	32	are	be	AUX
cblr-2896	208	33	commonly	commonly	ADV
cblr-2896	208	34	explained	explain	VERB
cblr-2896	208	35	as	as	ADP
cblr-2896	208	36	incentive	incentive	NOUN
cblr-2896	208	37	-	-	PUNCT
cblr-2896	208	38	alignment	alignment	NOUN
cblr-2896	208	39	devices	device	NOUN
cblr-2896	208	40	that	that	PRON
cblr-2896	208	41	induce	induce	VERB
cblr-2896	208	42	managers	manager	NOUN
cblr-2896	208	43	to	to	PART
cblr-2896	208	44	give	give	VERB
cblr-2896	208	45	up	up	ADP
cblr-2896	208	46	the	the	DET
cblr-2896	208	47	private	private	ADJ
cblr-2896	208	48	benefits	benefit	NOUN
cblr-2896	208	49	of	of	ADP
cblr-2896	208	50	control	control	NOUN
cblr-2896	208	51	as	as	ADV
cblr-2896	208	52	well	well	ADV
cblr-2896	208	53	as	as	ADP
cblr-2896	208	54	their	their	PRON
cblr-2896	208	55	perhaps	perhaps	ADV
cblr-2896	208	56	overly	overly	ADV
cblr-2896	208	57	optimistic	optimistic	ADJ
cblr-2896	208	58	beliefs	belief	NOUN
cblr-2896	208	59	about	about	ADP
cblr-2896	208	60	the	the	DET
cblr-2896	208	61	firm	firm	NOUN
cblr-2896	208	62	's	's	PART
cblr-2896	208	63	intrinsic	intrinsic	ADJ
cblr-2896	208	64	value	value	NOUN
cblr-2896	208	65	.	.	PUNCT
cblr-2896	209	1	20	20	NUM
cblr-2896	209	2	michael	michael	PROPN
cblr-2896	209	3	c.	c.	PROPN
cblr-2896	209	4	jensen	jensen	PROPN
cblr-2896	209	5	&	&	CCONJ
cblr-2896	209	6	william	william	PROPN
cblr-2896	209	7	h.	h.	PROPN
cblr-2896	209	8	meckling	meckling	PROPN
cblr-2896	209	9	,	,	PUNCT
cblr-2896	209	10	theory	theory	NOUN
cblr-2896	209	11	of	of	ADP
cblr-2896	209	12	the	the	DET
cblr-2896	209	13	firm	firm	NOUN
cblr-2896	209	14	:	:	PUNCT
cblr-2896	209	15	managerial	managerial	ADJ
cblr-2896	209	16	behavior	behavior	NOUN
cblr-2896	209	17	,	,	PUNCT
cblr-2896	209	18	agency	agency	NOUN
cblr-2896	209	19	costs	cost	NOUN
cblr-2896	209	20	and	and	CCONJ
cblr-2896	209	21	ownership	ownership	NOUN
cblr-2896	209	22	structure	structure	NOUN
cblr-2896	209	23	,	,	PUNCT
cblr-2896	209	24	3	3	NUM
cblr-2896	209	25	j.	j.	PROPN
cblr-2896	209	26	fin	fin	PROPN
cblr-2896	209	27	.	.	PUNCT
cblr-2896	209	28	econ	econ	PROPN
cblr-2896	209	29	.	.	PUNCT
cblr-2896	210	1	305	305	NUM
cblr-2896	210	2	,	,	PUNCT
cblr-2896	210	3	334	334	NUM
cblr-2896	210	4	-	-	SYM
cblr-2896	210	5	43	43	NUM
cblr-2896	210	6	(	(	PUNCT
cblr-2896	210	7	1976	1976	NUM
cblr-2896	210	8	)	)	PUNCT
cblr-2896	210	9	.	.	PUNCT
cblr-2896	211	1	848	848	NUM
cblr-2896	212	1	[	[	X
cblr-2896	212	2	vol	vol	NOUN
cblr-2896	212	3	.	.	NOUN
cblr-2896	212	4	2012	2012	NUM
cblr-2896	212	5	no	no	NOUN
cblr-2896	212	6	.	.	PUNCT
cblr-2896	213	1	3:834	3:834	NUM
cblr-2896	213	2	]	]	X
cblr-2896	213	3	the	the	DET
cblr-2896	213	4	case	case	NOUN
cblr-2896	213	5	for	for	ADP
cblr-2896	213	6	convertible	convertible	ADJ
cblr-2896	213	7	equity	equity	NOUN
cblr-2896	213	8	-	-	PUNCT
cblr-2896	213	9	based	base	VERB
cblr-2896	213	10	pay	pay	NOUN
cblr-2896	213	11	the	the	DET
cblr-2896	213	12	incentive	incentive	NOUN
cblr-2896	213	13	mismatch	mismatch	NOUN
cblr-2896	213	14	is	be	AUX
cblr-2896	213	15	even	even	ADV
cblr-2896	213	16	more	more	ADV
cblr-2896	213	17	acute	acute	ADJ
cblr-2896	213	18	if	if	SCONJ
cblr-2896	213	19	the	the	DET
cblr-2896	213	20	ceo	ceo	NOUN
cblr-2896	213	21	has	have	VERB
cblr-2896	213	22	private	private	ADJ
cblr-2896	213	23	information	information	NOUN
cblr-2896	213	24	indicating	indicate	VERB
cblr-2896	213	25	greater	great	ADJ
cblr-2896	213	26	financial	financial	ADJ
cblr-2896	213	27	trouble	trouble	NOUN
cblr-2896	213	28	than	than	SCONJ
cblr-2896	213	29	is	be	AUX
cblr-2896	213	30	currently	currently	ADV
cblr-2896	213	31	reflected	reflect	VERB
cblr-2896	213	32	in	in	ADP
cblr-2896	213	33	the	the	DET
cblr-2896	213	34	market	market	NOUN
cblr-2896	213	35	price	price	NOUN
cblr-2896	213	36	.	.	PUNCT
cblr-2896	214	1	he	he	PRON
cblr-2896	214	2	would	would	AUX
cblr-2896	214	3	calculate	calculate	VERB
cblr-2896	214	4	that	that	SCONJ
cblr-2896	214	5	this	this	PRON
cblr-2896	214	6	would	would	AUX
cblr-2896	214	7	be	be	AUX
cblr-2896	214	8	revealed	reveal	VERB
cblr-2896	214	9	in	in	ADP
cblr-2896	214	10	the	the	DET
cblr-2896	214	11	negotiations	negotiation	NOUN
cblr-2896	214	12	(	(	PUNCT
cblr-2896	214	13	and	and	CCONJ
cblr-2896	214	14	due	due	ADJ
cblr-2896	214	15	diligence	diligence	NOUN
cblr-2896	214	16	)	)	PUNCT
cblr-2896	214	17	over	over	ADP
cblr-2896	214	18	an	an	DET
cblr-2896	214	19	equity	equity	NOUN
cblr-2896	214	20	raise	raise	NOUN
cblr-2896	214	21	or	or	CCONJ
cblr-2896	214	22	a	a	DET
cblr-2896	214	23	sale	sale	NOUN
cblr-2896	214	24	.	.	PUNCT
cblr-2896	215	1	not	not	PART
cblr-2896	215	2	only	only	ADV
cblr-2896	215	3	would	would	AUX
cblr-2896	215	4	this	this	PRON
cblr-2896	215	5	entail	entail	VERB
cblr-2896	215	6	further	further	ADJ
cblr-2896	215	7	dilution	dilution	NOUN
cblr-2896	215	8	but	but	CCONJ
cblr-2896	215	9	such	such	ADJ
cblr-2896	215	10	information	information	NOUN
cblr-2896	215	11	would	would	AUX
cblr-2896	215	12	become	become	AUX
cblr-2896	215	13	generally	generally	ADV
cblr-2896	215	14	known	know	VERB
cblr-2896	215	15	,	,	PUNCT
cblr-2896	215	16	which	which	PRON
cblr-2896	215	17	could	could	AUX
cblr-2896	215	18	negatively	negatively	ADV
cblr-2896	215	19	affect	affect	VERB
cblr-2896	215	20	the	the	DET
cblr-2896	215	21	firm	firm	NOUN
cblr-2896	215	22	's	's	PART
cblr-2896	215	23	stock	stock	NOUN
cblr-2896	215	24	market	market	NOUN
cblr-2896	215	25	price	price	NOUN
cblr-2896	215	26	as	as	ADV
cblr-2896	215	27	well	well	ADV
cblr-2896	215	28	as	as	ADP
cblr-2896	215	29	counterparty	counterparty	NOUN
cblr-2896	215	30	relationships	relationship	NOUN
cblr-2896	215	31	,	,	PUNCT
cblr-2896	215	32	and	and	CCONJ
cblr-2896	215	33	generally	generally	ADV
cblr-2896	215	34	restrict	restrict	VERB
cblr-2896	215	35	the	the	DET
cblr-2896	215	36	ceo	ceo	NOUN
cblr-2896	215	37	's	's	PART
cblr-2896	215	38	capacity	capacity	NOUN
cblr-2896	215	39	to	to	PART
cblr-2896	215	40	play	play	VERB
cblr-2896	215	41	for	for	ADP
cblr-2896	215	42	a	a	DET
cblr-2896	215	43	fortuitous	fortuitous	ADJ
cblr-2896	215	44	market	market	NOUN
cblr-2896	215	45	turn	turn	NOUN
cblr-2896	215	46	or	or	CCONJ
cblr-2896	215	47	regulatory	regulatory	ADJ
cblr-2896	215	48	forbearance	forbearance	NOUN
cblr-2896	215	49	.	.	PUNCT
cblr-2896	216	1	the	the	DET
cblr-2896	216	2	ceo	ceo	NOUN
cblr-2896	216	3	's	's	PART
cblr-2896	216	4	reluctance	reluctance	NOUN
cblr-2896	216	5	may	may	AUX
cblr-2896	216	6	also	also	ADV
cblr-2896	216	7	stem	stem	VERB
cblr-2896	216	8	from	from	ADP
cblr-2896	216	9	behavioral	behavioral	ADJ
cblr-2896	216	10	effects	effect	NOUN
cblr-2896	216	11	exacerbated	exacerbate	VERB
cblr-2896	216	12	by	by	ADP
cblr-2896	216	13	his	his	PRON
cblr-2896	216	14	large	large	ADJ
cblr-2896	216	15	ownership	ownership	NOUN
cblr-2896	216	16	stake	stake	NOUN
cblr-2896	216	17	:	:	PUNCT
cblr-2896	216	18	overoptimism	overoptimism	NOUN
cblr-2896	216	19	bias	bias	NOUN
cblr-2896	216	20	about	about	ADP
cblr-2896	216	21	his	his	PRON
cblr-2896	216	22	ability	ability	NOUN
cblr-2896	216	23	to	to	PART
cblr-2896	216	24	avoid	avoid	VERB
cblr-2896	216	25	the	the	DET
cblr-2896	216	26	firm	firm	NOUN
cblr-2896	216	27	's	's	PART
cblr-2896	216	28	failure	failure	NOUN
cblr-2896	216	29	without	without	ADP
cblr-2896	216	30	a	a	DET
cblr-2896	216	31	dilutive	dilutive	ADJ
cblr-2896	216	32	equity	equity	NOUN
cblr-2896	216	33	raise	raise	NOUN
cblr-2896	216	34	,	,	PUNCT
cblr-2896	216	35	availability	availability	NOUN
cblr-2896	216	36	bias	bias	NOUN
cblr-2896	216	37	(	(	PUNCT
cblr-2896	216	38	"	"	PUNCT
cblr-2896	216	39	this	this	PRON
cblr-2896	216	40	is	be	AUX
cblr-2896	216	41	like	like	ADP
cblr-2896	216	42	the	the	DET
cblr-2896	216	43	other	other	ADJ
cblr-2896	216	44	crises	crisis	NOUN
cblr-2896	216	45	i	i	PRON
cblr-2896	216	46	've	have	AUX
cblr-2896	216	47	steered	steer	VERB
cblr-2896	216	48	the	the	DET
cblr-2896	216	49	firm	firm	NOUN
cblr-2896	216	50	through	through	ADP
cblr-2896	216	51	"	"	PUNCT
cblr-2896	216	52	)	)	PUNCT
cblr-2896	216	53	,	,	PUNCT
cblr-2896	216	54	or	or	CCONJ
cblr-2896	216	55	loss	loss	NOUN
cblr-2896	216	56	aversion	aversion	NOUN
cblr-2896	216	57	framed	frame	VERB
cblr-2896	216	58	by	by	ADP
cblr-2896	216	59	the	the	DET
cblr-2896	216	60	valuation	valuation	NOUN
cblr-2896	216	61	high	high	ADJ
cblr-2896	216	62	point	point	NOUN
cblr-2896	216	63	of	of	ADP
cblr-2896	216	64	the	the	DET
cblr-2896	216	65	ceo	ceo	NOUN
cblr-2896	216	66	's	's	PART
cblr-2896	216	67	ownership	ownership	NOUN
cblr-2896	216	68	stake	stake	NOUN
cblr-2896	216	69	.	.	PUNCT
cblr-2896	217	1	regardless	regardless	ADV
cblr-2896	217	2	of	of	ADP
cblr-2896	217	3	whether	whether	SCONJ
cblr-2896	217	4	the	the	DET
cblr-2896	217	5	ceo	ceo	NOUN
cblr-2896	217	6	is	be	AUX
cblr-2896	217	7	a	a	DET
cblr-2896	217	8	cold	cold	ADJ
cblr-2896	217	9	calculator	calculator	NOUN
cblr-2896	217	10	or	or	CCONJ
cblr-2896	217	11	in	in	ADP
cblr-2896	217	12	the	the	DET
cblr-2896	217	13	thrall	thrall	NOUN
cblr-2896	217	14	of	of	ADP
cblr-2896	217	15	delusion	delusion	NOUN
cblr-2896	217	16	,	,	PUNCT
cblr-2896	217	17	the	the	DET
cblr-2896	217	18	reluctance	reluctance	NOUN
cblr-2896	217	19	to	to	PART
cblr-2896	217	20	accept	accept	VERB
cblr-2896	217	21	dilution	dilution	NOUN
cblr-2896	217	22	imposes	impose	VERB
cblr-2896	217	23	default	default	NOUN
cblr-2896	217	24	risks	risk	NOUN
cblr-2896	217	25	on	on	ADP
cblr-2896	217	26	creditors	creditor	NOUN
cblr-2896	217	27	and	and	CCONJ
cblr-2896	217	28	systemic	systemic	ADJ
cblr-2896	217	29	risks	risk	NOUN
cblr-2896	217	30	on	on	ADP
cblr-2896	217	31	diversified	diversified	ADJ
cblr-2896	217	32	shareholders.21	shareholders.21	NOUN
cblr-2896	217	33	this	this	DET
cblr-2896	217	34	analysis	analysis	NOUN
cblr-2896	217	35	rejects	reject	VERB
cblr-2896	217	36	the	the	DET
cblr-2896	217	37	view	view	NOUN
cblr-2896	217	38	that	that	SCONJ
cblr-2896	217	39	prior	prior	ADJ
cblr-2896	217	40	equity	equity	NOUN
cblr-2896	217	41	sales	sale	NOUN
cblr-2896	217	42	or	or	CCONJ
cblr-2896	217	43	cash	cash	NOUN
cblr-2896	217	44	bonuses	bonus	NOUN
cblr-2896	217	45	would	would	AUX
cblr-2896	217	46	make	make	VERB
cblr-2896	217	47	a	a	DET
cblr-2896	217	48	ceo	ceo	NOUN
cblr-2896	217	49	relatively	relatively	ADV
cblr-2896	217	50	indifferent	indifferent	ADJ
cblr-2896	217	51	to	to	ADP
cblr-2896	217	52	the	the	DET
cblr-2896	217	53	risks	risk	NOUN
cblr-2896	217	54	to	to	ADP
cblr-2896	217	55	his	his	PRON
cblr-2896	217	56	remaining	remain	VERB
cblr-2896	217	57	,	,	PUNCT
cblr-2896	217	58	substantial	substantial	ADJ
cblr-2896	217	59	equity	equity	NOUN
cblr-2896	217	60	position	position	NOUN
cblr-2896	217	61	.	.	PUNCT
cblr-2896	218	1	if	if	SCONJ
cblr-2896	218	2	so	so	ADV
cblr-2896	218	3	,	,	PUNCT
cblr-2896	218	4	the	the	DET
cblr-2896	218	5	ceo	ceo	NOUN
cblr-2896	218	6	would	would	AUX
cblr-2896	218	7	not	not	PART
cblr-2896	218	8	fight	fight	VERB
cblr-2896	218	9	so	so	ADV
cblr-2896	218	10	hard	hard	ADV
cblr-2896	218	11	to	to	PART
cblr-2896	218	12	avoid	avoid	VERB
cblr-2896	218	13	dilution	dilution	NOUN
cblr-2896	218	14	.	.	PUNCT
cblr-2896	219	1	rather	rather	ADV
cblr-2896	219	2	,	,	PUNCT
cblr-2896	219	3	the	the	DET
cblr-2896	219	4	creditors	creditor	NOUN
cblr-2896	219	5	of	of	ADP
cblr-2896	219	6	lehman	lehman	PROPN
cblr-2896	219	7	brothers	brother	NOUN
cblr-2896	219	8	and	and	CCONJ
cblr-2896	219	9	the	the	DET
cblr-2896	219	10	taxpayers	taxpayer	NOUN
cblr-2896	219	11	(	(	PUNCT
cblr-2896	219	12	though	though	SCONJ
cblr-2896	219	13	not	not	PART
cblr-2896	219	14	necessarily	necessarily	ADV
cblr-2896	219	15	the	the	DET
cblr-2896	219	16	lehman	lehman	PROPN
cblr-2896	219	17	shareholders	shareholder	NOUN
cblr-2896	219	18	)	)	PUNCT
cblr-2896	219	19	would	would	AUX
cblr-2896	219	20	have	have	AUX
cblr-2896	219	21	been	be	AUX
cblr-2896	219	22	better	well	ADJ
cblr-2896	219	23	off	off	ADP
cblr-2896	219	24	had	have	AUX
cblr-2896	219	25	fuld	fuld	PROPN
cblr-2896	219	26	sold	sell	VERB
cblr-2896	219	27	all	all	DET
cblr-2896	219	28	his	his	PRON
cblr-2896	219	29	stock	stock	NOUN
cblr-2896	219	30	in	in	ADP
cblr-2896	219	31	the	the	DET
cblr-2896	219	32	prior	prior	ADJ
cblr-2896	219	33	years	year	NOUN
cblr-2896	219	34	.	.	PUNCT
cblr-2896	220	1	at	at	ADP
cblr-2896	220	2	21	21	NUM
cblr-2896	220	3	the	the	DET
cblr-2896	220	4	analysis	analysis	NOUN
cblr-2896	220	5	also	also	ADV
cblr-2896	220	6	assumes	assume	VERB
cblr-2896	220	7	that	that	SCONJ
cblr-2896	220	8	the	the	DET
cblr-2896	220	9	board	board	NOUN
cblr-2896	220	10	will	will	AUX
cblr-2896	220	11	be	be	AUX
cblr-2896	220	12	unable	unable	ADJ
cblr-2896	220	13	to	to	PART
cblr-2896	220	14	monitor	monitor	VERB
cblr-2896	220	15	adequately	adequately	ADV
cblr-2896	220	16	the	the	DET
cblr-2896	220	17	ceo	ceo	NOUN
cblr-2896	220	18	's	's	PART
cblr-2896	220	19	pursuit	pursuit	NOUN
cblr-2896	220	20	of	of	ADP
cblr-2896	220	21	(	(	PUNCT
cblr-2896	220	22	or	or	CCONJ
cblr-2896	220	23	rejection	rejection	NOUN
cblr-2896	220	24	of	of	ADP
cblr-2896	220	25	)	)	PUNCT
cblr-2896	220	26	potential	potential	ADJ
cblr-2896	220	27	capital	capital	NOUN
cblr-2896	220	28	raises	raise	VERB
cblr-2896	220	29	or	or	CCONJ
cblr-2896	220	30	sales	sale	NOUN
cblr-2896	220	31	of	of	ADP
cblr-2896	220	32	the	the	DET
cblr-2896	220	33	firm	firm	NOUN
cblr-2896	220	34	.	.	PUNCT
cblr-2896	221	1	this	this	PRON
cblr-2896	221	2	seems	seem	VERB
cblr-2896	221	3	reasonable	reasonable	ADJ
cblr-2896	221	4	in	in	ADP
cblr-2896	221	5	light	light	NOUN
cblr-2896	221	6	of	of	ADP
cblr-2896	221	7	the	the	DET
cblr-2896	221	8	board	board	NOUN
cblr-2896	221	9	's	's	PART
cblr-2896	221	10	common	common	ADJ
cblr-2896	221	11	role	role	NOUN
cblr-2896	221	12	of	of	ADP
cblr-2896	221	13	reviewing	reviewing	NOUN
cblr-2896	221	14	,	,	PUNCT
cblr-2896	221	15	rather	rather	ADV
cblr-2896	221	16	than	than	ADP
cblr-2896	221	17	initiating	initiate	VERB
cblr-2896	221	18	,	,	PUNCT
cblr-2896	221	19	major	major	ADJ
cblr-2896	221	20	transactions	transaction	NOUN
cblr-2896	221	21	that	that	PRON
cblr-2896	221	22	have	have	AUX
cblr-2896	221	23	been	be	AUX
cblr-2896	221	24	identified	identify	VERB
cblr-2896	221	25	and	and	CCONJ
cblr-2896	221	26	negotiated	negotiate	VERB
cblr-2896	221	27	by	by	ADP
cblr-2896	221	28	the	the	DET
cblr-2896	221	29	management	management	NOUN
cblr-2896	221	30	team	team	NOUN
cblr-2896	221	31	.	.	PUNCT
cblr-2896	222	1	moreover	moreover	ADV
cblr-2896	222	2	,	,	PUNCT
cblr-2896	222	3	the	the	DET
cblr-2896	222	4	board	board	NOUN
cblr-2896	222	5	-	-	PUNCT
cblr-2896	222	6	which	which	PRON
cblr-2896	222	7	may	may	AUX
cblr-2896	222	8	own	own	VERB
cblr-2896	222	9	shares	share	NOUN
cblr-2896	222	10	and	and	CCONJ
cblr-2896	222	11	be	be	AUX
cblr-2896	222	12	influenced	influence	VERB
cblr-2896	222	13	by	by	ADP
cblr-2896	222	14	blockholders	blockholder	NOUN
cblr-2896	222	15	-	-	PUNCT
cblr-2896	222	16	may	may	AUX
cblr-2896	222	17	share	share	VERB
cblr-2896	222	18	the	the	DET
cblr-2896	222	19	ceo	ceo	NOUN
cblr-2896	222	20	's	's	PART
cblr-2896	222	21	sympathies	sympathy	NOUN
cblr-2896	222	22	.	.	PUNCT
cblr-2896	223	1	the	the	DET
cblr-2896	223	2	analysis	analysis	NOUN
cblr-2896	223	3	also	also	ADV
cblr-2896	223	4	assumes	assume	VERB
cblr-2896	223	5	that	that	SCONJ
cblr-2896	223	6	the	the	DET
cblr-2896	223	7	wealth	wealth	NOUN
cblr-2896	223	8	and	and	CCONJ
cblr-2896	223	9	power	power	NOUN
cblr-2896	223	10	of	of	ADP
cblr-2896	223	11	a	a	DET
cblr-2896	223	12	large	large	ADJ
cblr-2896	223	13	equity	equity	NOUN
cblr-2896	223	14	position	position	NOUN
cblr-2896	223	15	will	will	AUX
cblr-2896	223	16	overcome	overcome	VERB
cblr-2896	223	17	the	the	DET
cblr-2896	223	18	ceo	ceo	NOUN
cblr-2896	223	19	's	's	PART
cblr-2896	223	20	reputational	reputational	ADJ
cblr-2896	223	21	concerns	concern	NOUN
cblr-2896	223	22	about	about	ADP
cblr-2896	223	23	risking	risk	VERB
cblr-2896	223	24	the	the	DET
cblr-2896	223	25	failure	failure	NOUN
cblr-2896	223	26	of	of	ADP
cblr-2896	223	27	the	the	DET
cblr-2896	223	28	firm	firm	NOUN
cblr-2896	223	29	to	to	PART
cblr-2896	223	30	avoid	avoid	VERB
cblr-2896	223	31	a	a	DET
cblr-2896	223	32	serious	serious	ADJ
cblr-2896	223	33	dilution	dilution	NOUN
cblr-2896	223	34	.	.	PUNCT
cblr-2896	224	1	the	the	DET
cblr-2896	224	2	point	point	NOUN
cblr-2896	224	3	is	be	AUX
cblr-2896	224	4	not	not	PART
cblr-2896	224	5	to	to	PART
cblr-2896	224	6	assume	assume	VERB
cblr-2896	224	7	a	a	DET
cblr-2896	224	8	particular	particular	ADJ
cblr-2896	224	9	weighing	weighing	NOUN
cblr-2896	224	10	of	of	ADP
cblr-2896	224	11	economic	economic	ADJ
cblr-2896	224	12	versus	versus	ADP
cblr-2896	224	13	reputational	reputational	ADJ
cblr-2896	224	14	losses	loss	NOUN
cblr-2896	224	15	,	,	PUNCT
cblr-2896	224	16	but	but	CCONJ
cblr-2896	224	17	to	to	PART
cblr-2896	224	18	observe	observe	VERB
cblr-2896	224	19	a	a	DET
cblr-2896	224	20	powerful	powerful	ADJ
cblr-2896	224	21	temptation	temptation	NOUN
cblr-2896	224	22	.	.	PUNCT
cblr-2896	225	1	849	849	NUM
cblr-2896	225	2	columbia	columbia	PROPN
cblr-2896	225	3	business	business	NOUN
cblr-2896	225	4	law	law	PROPN
cblr-2896	225	5	review	review	NOUN
cblr-2896	225	6	least	least	ADJ
cblr-2896	225	7	his	his	PRON
cblr-2896	225	8	financial	financial	ADJ
cblr-2896	225	9	stake	stake	NOUN
cblr-2896	225	10	would	would	AUX
cblr-2896	225	11	not	not	PART
cblr-2896	225	12	have	have	AUX
cblr-2896	225	13	been	be	AUX
cblr-2896	225	14	in	in	ADP
cblr-2896	225	15	opposition	opposition	NOUN
cblr-2896	225	16	to	to	ADP
cblr-2896	225	17	his	his	PRON
cblr-2896	225	18	reputational	reputational	ADJ
cblr-2896	225	19	stake	stake	NOUN
cblr-2896	225	20	.	.	PUNCT
cblr-2896	226	1	iv	iv	X
cblr-2896	226	2	.	.	PUNCT
cblr-2896	227	1	a	a	DET
cblr-2896	227	2	new	new	ADJ
cblr-2896	227	3	compensation	compensation	NOUN
cblr-2896	227	4	mechanism	mechanism	NOUN
cblr-2896	227	5	:	:	PUNCT
cblr-2896	227	6	convertible	convertible	ADJ
cblr-2896	227	7	equity	equity	NOUN
cblr-2896	227	8	-	-	PUNCT
cblr-2896	227	9	based	base	VERB
cblr-2896	227	10	pay	pay	NOUN
cblr-2896	227	11	the	the	DET
cblr-2896	227	12	article	article	NOUN
cblr-2896	227	13	thus	thus	ADV
cblr-2896	227	14	far	far	ADV
cblr-2896	227	15	has	have	AUX
cblr-2896	227	16	identified	identify	VERB
cblr-2896	227	17	two	two	NUM
cblr-2896	227	18	distinct	distinct	ADJ
cblr-2896	227	19	moments	moment	NOUN
cblr-2896	227	20	of	of	ADP
cblr-2896	227	21	excessive	excessive	ADJ
cblr-2896	227	22	risk	risk	NOUN
cblr-2896	227	23	-	-	PUNCT
cblr-2896	227	24	taking	taking	NOUN
cblr-2896	227	25	associated	associate	VERB
cblr-2896	227	26	with	with	ADP
cblr-2896	227	27	equity	equity	NOUN
cblr-2896	227	28	-	-	PUNCT
cblr-2896	227	29	based	base	VERB
cblr-2896	227	30	executive	executive	ADJ
cblr-2896	227	31	compensation	compensation	NOUN
cblr-2896	227	32	:	:	PUNCT
cblr-2896	227	33	in	in	ADP
cblr-2896	227	34	the	the	DET
cblr-2896	227	35	general	general	ADJ
cblr-2896	227	36	operation	operation	NOUN
cblr-2896	227	37	of	of	ADP
cblr-2896	227	38	the	the	DET
cblr-2896	227	39	firm	firm	NOUN
cblr-2896	227	40	and	and	CCONJ
cblr-2896	227	41	in	in	ADP
cblr-2896	227	42	the	the	DET
cblr-2896	227	43	corporate	corporate	ADJ
cblr-2896	227	44	finance	finance	NOUN
cblr-2896	227	45	decisions	decision	NOUN
cblr-2896	227	46	taken	take	VERB
cblr-2896	227	47	as	as	SCONJ
cblr-2896	227	48	the	the	DET
cblr-2896	227	49	firm	firm	NOUN
cblr-2896	227	50	faces	face	VERB
cblr-2896	227	51	financial	financial	ADJ
cblr-2896	227	52	distress	distress	NOUN
cblr-2896	227	53	.	.	PUNCT
cblr-2896	228	1	part	part	NOUN
cblr-2896	228	2	iv	iv	NUM
cblr-2896	228	3	sketches	sketch	NOUN
cblr-2896	228	4	and	and	CCONJ
cblr-2896	228	5	rejects	reject	VERB
cblr-2896	228	6	two	two	NUM
cblr-2896	228	7	possible	possible	ADJ
cblr-2896	228	8	reforms	reform	NOUN
cblr-2896	228	9	,	,	PUNCT
cblr-2896	228	10	including	include	VERB
cblr-2896	228	11	a	a	DET
cblr-2896	228	12	recent	recent	ADJ
cblr-2896	228	13	proposal	proposal	NOUN
cblr-2896	228	14	by	by	ADP
cblr-2896	228	15	bebchuk	bebchuk	NOUN
cblr-2896	228	16	and	and	CCONJ
cblr-2896	228	17	spamann	spamann	NOUN
cblr-2896	228	18	,	,	PUNCT
cblr-2896	228	19	and	and	CCONJ
cblr-2896	228	20	offers	offer	VERB
cblr-2896	228	21	a	a	DET
cblr-2896	228	22	new	new	ADJ
cblr-2896	228	23	compensation	compensation	NOUN
cblr-2896	228	24	mechanism	mechanism	NOUN
cblr-2896	228	25	,	,	PUNCT
cblr-2896	228	26	"	"	PUNCT
cblr-2896	228	27	convertible	convertible	ADJ
cblr-2896	228	28	equity	equity	NOUN
cblr-2896	228	29	-	-	PUNCT
cblr-2896	228	30	based	base	VERB
cblr-2896	228	31	pay	pay	NOUN
cblr-2896	228	32	.	.	PUNCT
cblr-2896	228	33	"	"	PUNCT
cblr-2896	229	1	upon	upon	SCONJ
cblr-2896	229	2	certain	certain	ADJ
cblr-2896	229	3	trigger	trigger	NOUN
cblr-2896	229	4	points	point	NOUN
cblr-2896	229	5	associated	associate	VERB
cblr-2896	229	6	with	with	ADP
cblr-2896	229	7	incipient	incipient	ADJ
cblr-2896	229	8	financial	financial	ADJ
cblr-2896	229	9	distress	distress	NOUN
cblr-2896	229	10	,	,	PUNCT
cblr-2896	229	11	senior	senior	ADJ
cblr-2896	229	12	managers	manager	NOUN
cblr-2896	229	13	'	'	PART
cblr-2896	229	14	equity	equity	NOUN
cblr-2896	229	15	-	-	PUNCT
cblr-2896	229	16	based	base	VERB
cblr-2896	229	17	compensation	compensation	NOUN
cblr-2896	229	18	would	would	AUX
cblr-2896	229	19	convert	convert	VERB
cblr-2896	229	20	into	into	ADP
cblr-2896	229	21	subordinated	subordinated	ADJ
cblr-2896	229	22	debt	debt	NOUN
cblr-2896	229	23	.	.	PUNCT
cblr-2896	230	1	a.	a.	NOUN
cblr-2896	230	2	proposal	proposal	NOUN
cblr-2896	230	3	one	one	NUM
cblr-2896	230	4	:	:	PUNCT
cblr-2896	230	5	eliminate	eliminate	VERB
cblr-2896	230	6	equity	equity	NOUN
cblr-2896	230	7	-	-	PUNCT
cblr-2896	230	8	based	base	VERB
cblr-2896	230	9	pay	pay	NOUN
cblr-2896	230	10	for	for	ADP
cblr-2896	230	11	senior	senior	ADJ
cblr-2896	230	12	managers	manager	NOUN
cblr-2896	230	13	of	of	ADP
cblr-2896	230	14	systemically	systemically	ADV
cblr-2896	230	15	important	important	ADJ
cblr-2896	230	16	financial	financial	ADJ
cblr-2896	230	17	firms	firm	NOUN
cblr-2896	230	18	one	one	NUM
cblr-2896	230	19	compensation	compensation	NOUN
cblr-2896	230	20	reform	reform	NOUN
cblr-2896	230	21	that	that	PRON
cblr-2896	230	22	would	would	AUX
cblr-2896	230	23	reduce	reduce	VERB
cblr-2896	230	24	risk	risk	NOUN
cblr-2896	230	25	-	-	PUNCT
cblr-2896	230	26	taking	taking	NOUN
cblr-2896	230	27	in	in	ADP
cblr-2896	230	28	systemically	systemically	ADV
cblr-2896	230	29	important	important	ADJ
cblr-2896	230	30	financial	financial	ADJ
cblr-2896	230	31	firms	firm	NOUN
cblr-2896	230	32	is	be	AUX
cblr-2896	230	33	to	to	PART
cblr-2896	230	34	pay	pay	VERB
cblr-2896	230	35	senior	senior	ADJ
cblr-2896	230	36	managers	manager	NOUN
cblr-2896	230	37	like	like	ADP
cblr-2896	230	38	bureaucrats.22	bureaucrats.22	NOUN
cblr-2896	230	39	practically	practically	ADV
cblr-2896	230	40	speaking	speak	VERB
cblr-2896	230	41	,	,	PUNCT
cblr-2896	230	42	this	this	PRON
cblr-2896	230	43	would	would	AUX
cblr-2896	230	44	mean	mean	VERB
cblr-2896	230	45	the	the	DET
cblr-2896	230	46	elimination	elimination	NOUN
cblr-2896	230	47	(	(	PUNCT
cblr-2896	230	48	or	or	CCONJ
cblr-2896	230	49	substantial	substantial	ADJ
cblr-2896	230	50	cutback	cutback	NOUN
cblr-2896	230	51	)	)	PUNCT
cblr-2896	230	52	of	of	ADP
cblr-2896	230	53	equity	equity	NOUN
cblr-2896	230	54	-	-	PUNCT
cblr-2896	230	55	based	base	VERB
cblr-2896	230	56	compensation	compensation	NOUN
cblr-2896	230	57	for	for	ADP
cblr-2896	230	58	the	the	DET
cblr-2896	230	59	ceo	ceo	NOUN
cblr-2896	230	60	and	and	CCONJ
cblr-2896	230	61	his	his	PRON
cblr-2896	230	62	or	or	CCONJ
cblr-2896	230	63	her	her	PRON
cblr-2896	230	64	senior	senior	ADJ
cblr-2896	230	65	management	management	NOUN
cblr-2896	230	66	team	team	NOUN
cblr-2896	230	67	(	(	PUNCT
cblr-2896	230	68	and	and	CCONJ
cblr-2896	230	69	presumably	presumably	ADV
cblr-2896	230	70	an	an	DET
cblr-2896	230	71	increase	increase	NOUN
cblr-2896	230	72	in	in	ADP
cblr-2896	230	73	fixed	fix	VERB
cblr-2896	230	74	salary	salary	NOUN
cblr-2896	230	75	)	)	PUNCT
cblr-2896	230	76	.	.	PUNCT
cblr-2896	231	1	stock	stock	NOUN
cblr-2896	231	2	ownership	ownership	NOUN
cblr-2896	231	3	by	by	ADP
cblr-2896	231	4	senior	senior	ADJ
cblr-2896	231	5	managers	manager	NOUN
cblr-2896	231	6	,	,	PUNCT
cblr-2896	231	7	especially	especially	ADV
cblr-2896	231	8	large	large	ADJ
cblr-2896	231	9	stakes	stake	NOUN
cblr-2896	231	10	,	,	PUNCT
cblr-2896	231	11	increases	increase	VERB
cblr-2896	231	12	risk	risk	NOUN
cblr-2896	231	13	appetites	appetite	NOUN
cblr-2896	231	14	in	in	ADP
cblr-2896	231	15	which	which	PRON
cblr-2896	231	16	the	the	DET
cblr-2896	231	17	upside	upside	NOUN
cblr-2896	231	18	is	be	AUX
cblr-2896	231	19	internalized	internalize	VERB
cblr-2896	231	20	and	and	CCONJ
cblr-2896	231	21	the	the	DET
cblr-2896	231	22	downside	downside	ADJ
cblr-2896	231	23	systemic	systemic	ADJ
cblr-2896	231	24	risk	risk	NOUN
cblr-2896	231	25	distress	distress	NOUN
cblr-2896	231	26	costs	cost	NOUN
cblr-2896	231	27	are	be	AUX
cblr-2896	231	28	socialized	socialize	VERB
cblr-2896	231	29	.	.	PUNCT
cblr-2896	232	1	the	the	DET
cblr-2896	232	2	shift	shift	NOUN
cblr-2896	232	3	into	into	ADP
cblr-2896	232	4	restricted	restricted	ADJ
cblr-2896	232	5	stock	stock	NOUN
cblr-2896	232	6	(	(	PUNCT
cblr-2896	232	7	versus	versus	ADP
cblr-2896	232	8	stock	stock	NOUN
cblr-2896	232	9	options	option	NOUN
cblr-2896	232	10	)	)	PUNCT
cblr-2896	232	11	or	or	CCONJ
cblr-2896	232	12	the	the	DET
cblr-2896	232	13	requirement	requirement	NOUN
cblr-2896	232	14	of	of	ADP
cblr-2896	232	15	long	long	ADJ
cblr-2896	232	16	-	-	PUNCT
cblr-2896	232	17	term	term	NOUN
cblr-2896	232	18	holding	hold	VERB
cblr-2896	232	19	periods	period	NOUN
cblr-2896	232	20	affects	affect	VERB
cblr-2896	232	21	this	this	DET
cblr-2896	232	22	systemic	systemic	ADJ
cblr-2896	232	23	risk	risk	NOUN
cblr-2896	232	24	mismatch	mismatch	NOUN
cblr-2896	232	25	only	only	ADV
cblr-2896	232	26	at	at	ADP
cblr-2896	232	27	the	the	DET
cblr-2896	232	28	margin	margin	NOUN
cblr-2896	232	29	.	.	PUNCT
cblr-2896	233	1	22	22	NUM
cblr-2896	233	2	cf	cf	NOUN
cblr-2896	233	3	.	.	PUNCT
cblr-2896	234	1	brian	brian	PROPN
cblr-2896	234	2	j.	j.	PROPN
cblr-2896	234	3	hall	hall	PROPN
cblr-2896	234	4	&	&	CCONJ
cblr-2896	234	5	jeffrey	jeffrey	PROPN
cblr-2896	234	6	b.	b.	PROPN
cblr-2896	234	7	liebman	liebman	PROPN
cblr-2896	234	8	,	,	PUNCT
cblr-2896	234	9	are	be	AUX
cblr-2896	234	10	ceos	ceos	NOUN
cblr-2896	234	11	really	really	ADV
cblr-2896	234	12	paid	pay	VERB
cblr-2896	234	13	like	like	ADP
cblr-2896	234	14	bureaucrats	bureaucrat	NOUN
cblr-2896	234	15	?	?	PUNCT
cblr-2896	234	16	,	,	PUNCT
cblr-2896	234	17	113	113	NUM
cblr-2896	234	18	q.j	q.j	PROPN
cblr-2896	234	19	.	.	PROPN
cblr-2896	234	20	econ	econ	PROPN
cblr-2896	234	21	.	.	PUNCT
cblr-2896	235	1	653	653	NUM
cblr-2896	235	2	(	(	PUNCT
cblr-2896	235	3	1998	1998	NUM
cblr-2896	235	4	)	)	PUNCT
cblr-2896	235	5	(	(	PUNCT
cblr-2896	235	6	debunking	debunk	VERB
cblr-2896	235	7	the	the	DET
cblr-2896	235	8	view	view	NOUN
cblr-2896	235	9	that	that	SCONJ
cblr-2896	235	10	prior	prior	ADV
cblr-2896	235	11	to	to	ADP
cblr-2896	235	12	the	the	DET
cblr-2896	235	13	1990s	1990	NOUN
cblr-2896	235	14	deluge	deluge	NOUN
cblr-2896	235	15	of	of	ADP
cblr-2896	235	16	stock	stock	NOUN
cblr-2896	235	17	-	-	PUNCT
cblr-2896	235	18	related	relate	VERB
cblr-2896	235	19	compensation	compensation	NOUN
cblr-2896	235	20	,	,	PUNCT
cblr-2896	235	21	ceos	ceo	NOUN
cblr-2896	235	22	were	be	AUX
cblr-2896	235	23	paid	pay	VERB
cblr-2896	235	24	like	like	ADP
cblr-2896	235	25	"	"	PUNCT
cblr-2896	235	26	bureaucrats"-receiving	bureaucrats"-receive	VERB
cblr-2896	235	27	fixed	fix	VERB
cblr-2896	235	28	compensation	compensation	NOUN
cblr-2896	235	29	that	that	PRON
cblr-2896	235	30	was	be	AUX
cblr-2896	235	31	not	not	PART
cblr-2896	235	32	responsive	responsive	ADJ
cblr-2896	235	33	to	to	ADP
cblr-2896	235	34	firm	firm	ADJ
cblr-2896	235	35	performance	performance	NOUN
cblr-2896	235	36	)	)	PUNCT
cblr-2896	235	37	.	.	PUNCT
cblr-2896	236	1	850	850	NUM
cblr-2896	237	1	[	[	X
cblr-2896	237	2	vol	vol	NOUN
cblr-2896	237	3	.	.	NOUN
cblr-2896	237	4	2012	2012	NUM
cblr-2896	237	5	no	no	NOUN
cblr-2896	237	6	.	.	PUNCT
cblr-2896	238	1	3:834	3:834	NUM
cblr-2896	238	2	]	]	X
cblr-2896	238	3	the	the	DET
cblr-2896	238	4	case	case	NOUN
cblr-2896	238	5	for	for	ADP
cblr-2896	238	6	convertible	convertible	ADJ
cblr-2896	238	7	equity	equity	NOUN
cblr-2896	238	8	-	-	PUNCT
cblr-2896	238	9	based	base	VERB
cblr-2896	238	10	pay	pay	NOUN
cblr-2896	238	11	ironically	ironically	ADV
cblr-2896	238	12	,	,	PUNCT
cblr-2896	238	13	longer	long	ADV
cblr-2896	238	14	holding	hold	VERB
cblr-2896	238	15	periods	period	NOUN
cblr-2896	238	16	may	may	AUX
cblr-2896	238	17	exacerbate	exacerbate	VERB
cblr-2896	238	18	the	the	DET
cblr-2896	238	19	fuld	fuld	PROPN
cblr-2896	238	20	problem.23	problem.23	PROPN
cblr-2896	238	21	this	this	PRON
cblr-2896	238	22	is	be	AUX
cblr-2896	238	23	not	not	PART
cblr-2896	238	24	a	a	DET
cblr-2896	238	25	likely	likely	ADJ
cblr-2896	238	26	endpoint	endpoint	NOUN
cblr-2896	238	27	of	of	ADP
cblr-2896	238	28	compensation	compensation	NOUN
cblr-2896	238	29	reform	reform	NOUN
cblr-2896	238	30	.	.	PUNCT
cblr-2896	239	1	among	among	ADP
cblr-2896	239	2	other	other	ADJ
cblr-2896	239	3	things	thing	NOUN
cblr-2896	239	4	,	,	PUNCT
cblr-2896	239	5	in	in	ADP
cblr-2896	239	6	light	light	NOUN
cblr-2896	239	7	of	of	ADP
cblr-2896	239	8	the	the	DET
cblr-2896	239	9	range	range	NOUN
cblr-2896	239	10	of	of	ADP
cblr-2896	239	11	financial	financial	ADJ
cblr-2896	239	12	firms	firm	NOUN
cblr-2896	239	13	that	that	PRON
cblr-2896	239	14	may	may	AUX
cblr-2896	239	15	be	be	AUX
cblr-2896	239	16	systemically	systemically	ADV
cblr-2896	239	17	important	important	ADJ
cblr-2896	239	18	-	-	PUNCT
cblr-2896	239	19	bear	bear	NOUN
cblr-2896	239	20	stearns	stearn	NOUN
cblr-2896	239	21	was	be	AUX
cblr-2896	239	22	not	not	PART
cblr-2896	239	23	a	a	DET
cblr-2896	239	24	particularly	particularly	ADV
cblr-2896	239	25	large	large	ADJ
cblr-2896	239	26	firm	firm	NOUN
cblr-2896	239	27	-	-	PUNCT
cblr-2896	239	28	such	such	DET
cblr-2896	239	29	a	a	DET
cblr-2896	239	30	rule	rule	NOUN
cblr-2896	239	31	would	would	AUX
cblr-2896	239	32	dramatically	dramatically	ADV
cblr-2896	239	33	reduce	reduce	VERB
cblr-2896	239	34	financial	financial	ADJ
cblr-2896	239	35	incentives	incentive	NOUN
cblr-2896	239	36	throughout	throughout	ADP
cblr-2896	239	37	the	the	DET
cblr-2896	239	38	financial	financial	ADJ
cblr-2896	239	39	services	service	NOUN
cblr-2896	239	40	industry	industry	NOUN
cblr-2896	239	41	.	.	PUNCT
cblr-2896	240	1	it	it	PRON
cblr-2896	240	2	could	could	AUX
cblr-2896	240	3	invite	invite	VERB
cblr-2896	240	4	regulatory	regulatory	ADJ
cblr-2896	240	5	arbitrage	arbitrage	NOUN
cblr-2896	240	6	in	in	ADP
cblr-2896	240	7	which	which	PRON
cblr-2896	240	8	much	much	ADJ
cblr-2896	240	9	financial	financial	ADJ
cblr-2896	240	10	activity	activity	NOUN
cblr-2896	240	11	is	be	AUX
cblr-2896	240	12	shifted	shift	VERB
cblr-2896	240	13	away	away	ADV
cblr-2896	240	14	from	from	ADP
cblr-2896	240	15	firms	firm	NOUN
cblr-2896	240	16	that	that	PRON
cblr-2896	240	17	regulators	regulator	NOUN
cblr-2896	240	18	designate	designate	ADJ
cblr-2896	240	19	as	as	ADP
cblr-2896	240	20	"	"	PUNCT
cblr-2896	240	21	systemically	systemically	ADV
cblr-2896	240	22	important	important	ADJ
cblr-2896	240	23	"	"	PUNCT
cblr-2896	240	24	to	to	ADP
cblr-2896	240	25	other	other	ADJ
cblr-2896	240	26	firms	firm	NOUN
cblr-2896	240	27	whose	whose	DET
cblr-2896	240	28	systemic	systemic	ADJ
cblr-2896	240	29	importance	importance	NOUN
cblr-2896	240	30	becomes	become	VERB
cblr-2896	240	31	apparent	apparent	ADJ
cblr-2896	240	32	only	only	ADV
cblr-2896	240	33	too	too	ADV
cblr-2896	240	34	late	late	ADJ
cblr-2896	240	35	.	.	PUNCT
cblr-2896	241	1	b.	b.	PROPN
cblr-2896	241	2	proposal	proposal	NOUN
cblr-2896	241	3	two	two	NUM
cblr-2896	241	4	:	:	PUNCT
cblr-2896	241	5	tie	tie	VERB
cblr-2896	241	6	senior	senior	ADJ
cblr-2896	241	7	management	management	NOUN
cblr-2896	241	8	compensation	compensation	NOUN
cblr-2896	241	9	to	to	ADP
cblr-2896	241	10	the	the	DET
cblr-2896	241	11	value	value	NOUN
cblr-2896	241	12	of	of	ADP
cblr-2896	241	13	the	the	DET
cblr-2896	241	14	firm	firm	NOUN
cblr-2896	241	15	's	's	PART
cblr-2896	241	16	debt	debt	NOUN
cblr-2896	241	17	and	and	CCONJ
cblr-2896	241	18	equity	equity	NOUN
cblr-2896	241	19	bebchuk	bebchuk	NOUN
cblr-2896	241	20	and	and	CCONJ
cblr-2896	241	21	spamann	spamann	NOUN
cblr-2896	241	22	have	have	AUX
cblr-2896	241	23	observed	observe	VERB
cblr-2896	241	24	the	the	DET
cblr-2896	241	25	mismatch	mismatch	NOUN
cblr-2896	241	26	between	between	ADP
cblr-2896	241	27	systemic	systemic	ADJ
cblr-2896	241	28	risk	risk	NOUN
cblr-2896	241	29	and	and	CCONJ
cblr-2896	241	30	firm	firm	ADJ
cblr-2896	241	31	-	-	PUNCT
cblr-2896	241	32	specific	specific	ADJ
cblr-2896	241	33	shareholder	shareholder	NOUN
cblr-2896	241	34	objectives	objective	NOUN
cblr-2896	241	35	,	,	PUNCT
cblr-2896	241	36	and	and	CCONJ
cblr-2896	241	37	have	have	AUX
cblr-2896	241	38	proposed	propose	VERB
cblr-2896	241	39	a	a	DET
cblr-2896	241	40	compensation	compensation	NOUN
cblr-2896	241	41	formula	formula	NOUN
cblr-2896	241	42	for	for	ADP
cblr-2896	241	43	financial	financial	ADJ
cblr-2896	241	44	firms	firm	NOUN
cblr-2896	241	45	that	that	PRON
cblr-2896	241	46	would	would	AUX
cblr-2896	241	47	tie	tie	VERB
cblr-2896	241	48	senior	senior	ADJ
cblr-2896	241	49	executive	executive	ADJ
cblr-2896	241	50	compensation	compensation	NOUN
cblr-2896	241	51	to	to	ADP
cblr-2896	241	52	the	the	DET
cblr-2896	241	53	value	value	NOUN
cblr-2896	241	54	of	of	ADP
cblr-2896	241	55	the	the	DET
cblr-2896	241	56	firm	firm	NOUN
cblr-2896	241	57	's	's	PART
cblr-2896	241	58	senior	senior	ADJ
cblr-2896	241	59	securities	security	NOUN
cblr-2896	241	60	as	as	ADV
cblr-2896	241	61	well	well	ADV
cblr-2896	241	62	as	as	ADP
cblr-2896	241	63	its	its	PRON
cblr-2896	241	64	equity.24	equity.24	NOUN
cblr-2896	241	65	this	this	PRON
cblr-2896	241	66	would	would	AUX
cblr-2896	241	67	in	in	ADP
cblr-2896	241	68	effect	effect	NOUN
cblr-2896	241	69	ask	ask	VERB
cblr-2896	241	70	managers	manager	NOUN
cblr-2896	241	71	to	to	PART
cblr-2896	241	72	maximize	maximize	VERB
cblr-2896	241	73	the	the	DET
cblr-2896	241	74	enterprise	enterprise	NOUN
cblr-2896	241	75	value	value	NOUN
cblr-2896	241	76	of	of	ADP
cblr-2896	241	77	the	the	DET
cblr-2896	241	78	firm	firm	NOUN
cblr-2896	241	79	,	,	PUNCT
cblr-2896	241	80	not	not	PART
cblr-2896	241	81	its	its	PRON
cblr-2896	241	82	equity	equity	NOUN
cblr-2896	241	83	value	value	NOUN
cblr-2896	241	84	.	.	PUNCT
cblr-2896	242	1	given	give	VERB
cblr-2896	242	2	incentives	incentive	NOUN
cblr-2896	242	3	to	to	PART
cblr-2896	242	4	protect	protect	VERB
cblr-2896	242	5	creditor	creditor	NOUN
cblr-2896	242	6	claims	claim	NOUN
cblr-2896	242	7	,	,	PUNCT
cblr-2896	242	8	as	as	ADV
cblr-2896	242	9	well	well	ADV
cblr-2896	242	10	as	as	ADP
cblr-2896	242	11	to	to	PART
cblr-2896	242	12	increase	increase	VERB
cblr-2896	242	13	shareholder	shareholder	NOUN
cblr-2896	242	14	value	value	NOUN
cblr-2896	242	15	,	,	PUNCT
cblr-2896	242	16	managers	manager	NOUN
cblr-2896	242	17	will	will	AUX
cblr-2896	242	18	therefore	therefore	ADV
cblr-2896	242	19	be	be	AUX
cblr-2896	242	20	less	less	ADV
cblr-2896	242	21	likely	likely	ADJ
cblr-2896	242	22	to	to	PART
cblr-2896	242	23	engage	engage	VERB
cblr-2896	242	24	in	in	ADP
cblr-2896	242	25	excessive	excessive	ADJ
cblr-2896	242	26	risk	risk	NOUN
cblr-2896	242	27	-	-	PUNCT
cblr-2896	242	28	taking	taking	NOUN
cblr-2896	242	29	.	.	PUNCT
cblr-2896	243	1	this	this	PRON
cblr-2896	243	2	could	could	AUX
cblr-2896	243	3	operationalize	operationalize	VERB
cblr-2896	243	4	a	a	DET
cblr-2896	243	5	compensation	compensation	NOUN
cblr-2896	243	6	approach	approach	NOUN
cblr-2896	243	7	that	that	PRON
cblr-2896	243	8	mitigated	mitigate	VERB
cblr-2896	243	9	the	the	DET
cblr-2896	243	10	systemic	systemic	ADJ
cblr-2896	243	11	risk	risk	NOUN
cblr-2896	243	12	faced	face	VERB
cblr-2896	243	13	by	by	ADP
cblr-2896	243	14	diversified	diversified	ADJ
cblr-2896	243	15	shareholders	shareholder	NOUN
cblr-2896	243	16	,	,	PUNCT
cblr-2896	243	17	so	so	SCONJ
cblr-2896	243	18	it	it	PRON
cblr-2896	243	19	might	might	AUX
cblr-2896	243	20	well	well	ADV
cblr-2896	243	21	fit	fit	VERB
cblr-2896	243	22	a	a	DET
cblr-2896	243	23	corporate	corporate	ADJ
cblr-2896	243	24	governance	governance	NOUN
cblr-2896	243	25	agenda	agenda	NOUN
cblr-2896	243	26	(	(	PUNCT
cblr-2896	243	27	though	though	SCONJ
cblr-2896	243	28	undiversified	undiversified	ADJ
cblr-2896	243	29	shareholders	shareholder	NOUN
cblr-2896	243	30	would	would	AUX
cblr-2896	243	31	oppose	oppose	VERB
cblr-2896	243	32	)	)	PUNCT
cblr-2896	243	33	.	.	PUNCT
cblr-2896	244	1	bebchuk	bebchuk	NOUN
cblr-2896	244	2	and	and	CCONJ
cblr-2896	244	3	spamann	spamann	PROPN
cblr-2896	244	4	,	,	PUNCT
cblr-2896	244	5	23	23	NUM
cblr-2896	244	6	if	if	SCONJ
cblr-2896	244	7	the	the	DET
cblr-2896	244	8	ceo	ceo	NOUN
cblr-2896	244	9	were	be	AUX
cblr-2896	244	10	unable	unable	ADJ
cblr-2896	244	11	to	to	PART
cblr-2896	244	12	take	take	VERB
cblr-2896	244	13	out	out	ADP
cblr-2896	244	14	any	any	DET
cblr-2896	244	15	substantial	substantial	ADJ
cblr-2896	244	16	wealth	wealth	NOUN
cblr-2896	244	17	from	from	ADP
cblr-2896	244	18	the	the	DET
cblr-2896	244	19	firm	firm	NOUN
cblr-2896	244	20	,	,	PUNCT
cblr-2896	244	21	this	this	PRON
cblr-2896	244	22	could	could	AUX
cblr-2896	244	23	reduce	reduce	VERB
cblr-2896	244	24	risk	risk	NOUN
cblr-2896	244	25	-	-	PUNCT
cblr-2896	244	26	taking	taking	NOUN
cblr-2896	244	27	in	in	ADP
cblr-2896	244	28	ongoing	ongoing	ADJ
cblr-2896	244	29	operations	operation	NOUN
cblr-2896	244	30	and	and	CCONJ
cblr-2896	244	31	possibly	possibly	ADV
cblr-2896	244	32	at	at	ADP
cblr-2896	244	33	the	the	DET
cblr-2896	244	34	recapitalization	recapitalization	NOUN
cblr-2896	244	35	moment	moment	NOUN
cblr-2896	244	36	.	.	PUNCT
cblr-2896	245	1	this	this	PRON
cblr-2896	245	2	would	would	AUX
cblr-2896	245	3	require	require	VERB
cblr-2896	245	4	that	that	SCONJ
cblr-2896	245	5	a	a	DET
cblr-2896	245	6	ceo	ceo	NOUN
cblr-2896	245	7	be	be	VERB
cblr-2896	245	8	unable	unable	ADJ
cblr-2896	245	9	to	to	PART
cblr-2896	245	10	diversify	diversify	VERB
cblr-2896	245	11	from	from	ADP
cblr-2896	245	12	own	own	ADJ
cblr-2896	245	13	-	-	PUNCT
cblr-2896	245	14	firm	firm	ADJ
cblr-2896	245	15	risk	risk	NOUN
cblr-2896	245	16	and	and	CCONJ
cblr-2896	245	17	systemic	systemic	ADJ
cblr-2896	245	18	distress	distress	NOUN
cblr-2896	245	19	risk	risk	NOUN
cblr-2896	245	20	through	through	ADP
cblr-2896	245	21	conversion	conversion	NOUN
cblr-2896	245	22	of	of	ADP
cblr-2896	245	23	stock	stock	NOUN
cblr-2896	245	24	to	to	PART
cblr-2896	245	25	cash	cash	VERB
cblr-2896	245	26	or	or	CCONJ
cblr-2896	245	27	other	other	ADJ
cblr-2896	245	28	risk	risk	NOUN
cblr-2896	245	29	-	-	PUNCT
cblr-2896	245	30	free	free	ADJ
cblr-2896	245	31	assets	asset	NOUN
cblr-2896	245	32	(	(	PUNCT
cblr-2896	245	33	that	that	PRON
cblr-2896	245	34	is	is	ADV
cblr-2896	245	35	,	,	PUNCT
cblr-2896	245	36	unable	unable	ADJ
cblr-2896	245	37	to	to	PART
cblr-2896	245	38	purchase	purchase	VERB
cblr-2896	245	39	"	"	PUNCT
cblr-2896	245	40	wealth	wealth	NOUN
cblr-2896	245	41	insurance	insurance	NOUN
cblr-2896	245	42	"	"	PUNCT
cblr-2896	245	43	)	)	PUNCT
cblr-2896	245	44	.	.	PUNCT
cblr-2896	246	1	see	see	VERB
cblr-2896	246	2	i	i	PRON
cblr-2896	246	3	d.	d.	PROPN
cblr-2896	246	4	at	at	ADP
cblr-2896	246	5	657	657	NUM
cblr-2896	246	6	.	.	PUNCT
cblr-2896	247	1	such	such	DET
cblr-2896	247	2	a	a	DET
cblr-2896	247	3	strategy	strategy	NOUN
cblr-2896	247	4	would	would	AUX
cblr-2896	247	5	encourage	encourage	VERB
cblr-2896	247	6	suboptimally	suboptimally	ADV
cblr-2896	247	7	high	high	ADJ
cblr-2896	247	8	ceo	ceo	NOUN
cblr-2896	247	9	turnover	turnover	NOUN
cblr-2896	247	10	,	,	PUNCT
cblr-2896	247	11	as	as	SCONJ
cblr-2896	247	12	presumably	presumably	ADV
cblr-2896	247	13	retirement	retirement	NOUN
cblr-2896	247	14	would	would	AUX
cblr-2896	247	15	enable	enable	VERB
cblr-2896	247	16	unfettered	unfettered	ADJ
cblr-2896	247	17	access	access	NOUN
cblr-2896	247	18	to	to	ADP
cblr-2896	247	19	own	own	ADJ
cblr-2896	247	20	-	-	PUNCT
cblr-2896	247	21	firm	firm	NOUN
cblr-2896	247	22	stock	stock	NOUN
cblr-2896	247	23	.	.	PUNCT
cblr-2896	248	1	24	24	NUM
cblr-2896	248	2	see	see	VERB
cblr-2896	248	3	generally	generally	ADV
cblr-2896	248	4	bebchuk	bebchuk	NOUN
cblr-2896	248	5	&	&	CCONJ
cblr-2896	248	6	spamann	spamann	PROPN
cblr-2896	248	7	,	,	PUNCT
cblr-2896	248	8	supra	supra	PROPN
cblr-2896	248	9	note	note	NOUN
cblr-2896	248	10	1	1	NUM
cblr-2896	248	11	.	.	SYM
cblr-2896	248	12	851	851	NUM
cblr-2896	248	13	columbia	columbia	PROPN
cblr-2896	248	14	business	business	PROPN
cblr-2896	248	15	law	law	PROPN
cblr-2896	248	16	review	review	NOUN
cblr-2896	248	17	however	however	ADV
cblr-2896	248	18	,	,	PUNCT
cblr-2896	248	19	contemplate	contemplate	VERB
cblr-2896	248	20	that	that	SCONJ
cblr-2896	248	21	regulatory	regulatory	ADJ
cblr-2896	248	22	implementation	implementation	NOUN
cblr-2896	248	23	would	would	AUX
cblr-2896	248	24	be	be	AUX
cblr-2896	248	25	necessary	necessary	ADJ
cblr-2896	248	26	,	,	PUNCT
cblr-2896	248	27	and	and	CCONJ
cblr-2896	248	28	i	i	PRON
cblr-2896	248	29	agree	agree	VERB
cblr-2896	248	30	.	.	PUNCT
cblr-2896	249	1	although	although	SCONJ
cblr-2896	249	2	interesting	interesting	ADJ
cblr-2896	249	3	,	,	PUNCT
cblr-2896	249	4	the	the	DET
cblr-2896	249	5	bebchuk	bebchuk	NOUN
cblr-2896	249	6	-	-	PUNCT
cblr-2896	249	7	spamann	spamann	NOUN
cblr-2896	249	8	approach	approach	NOUN
cblr-2896	249	9	has	have	VERB
cblr-2896	249	10	serious	serious	ADJ
cblr-2896	249	11	flaws	flaw	NOUN
cblr-2896	249	12	.	.	PUNCT
cblr-2896	250	1	first	first	ADV
cblr-2896	250	2	,	,	PUNCT
cblr-2896	250	3	it	it	PRON
cblr-2896	250	4	would	would	AUX
cblr-2896	250	5	place	place	VERB
cblr-2896	250	6	a	a	DET
cblr-2896	250	7	burden	burden	NOUN
cblr-2896	250	8	on	on	ADP
cblr-2896	250	9	regulators	regulator	NOUN
cblr-2896	250	10	to	to	PART
cblr-2896	250	11	define	define	VERB
cblr-2896	250	12	the	the	DET
cblr-2896	250	13	elements	element	NOUN
cblr-2896	250	14	of	of	ADP
cblr-2896	250	15	the	the	DET
cblr-2896	250	16	firm	firm	NOUN
cblr-2896	250	17	's	's	PART
cblr-2896	250	18	capital	capital	NOUN
cblr-2896	250	19	structure	structure	NOUN
cblr-2896	250	20	that	that	PRON
cblr-2896	250	21	would	would	AUX
cblr-2896	250	22	be	be	AUX
cblr-2896	250	23	included	include	VERB
cblr-2896	250	24	in	in	ADP
cblr-2896	250	25	the	the	DET
cblr-2896	250	26	compensation	compensation	NOUN
cblr-2896	250	27	formula	formula	NOUN
cblr-2896	250	28	.	.	PUNCT
cblr-2896	251	1	in	in	ADP
cblr-2896	251	2	turn	turn	NOUN
cblr-2896	251	3	,	,	PUNCT
cblr-2896	251	4	this	this	PRON
cblr-2896	251	5	would	would	AUX
cblr-2896	251	6	give	give	VERB
cblr-2896	251	7	managers	manager	NOUN
cblr-2896	251	8	an	an	DET
cblr-2896	251	9	incentive	incentive	NOUN
cblr-2896	251	10	to	to	PART
cblr-2896	251	11	vary	vary	VERB
cblr-2896	251	12	the	the	DET
cblr-2896	251	13	capital	capital	NOUN
cblr-2896	251	14	structure	structure	NOUN
cblr-2896	251	15	to	to	PART
cblr-2896	251	16	maximize	maximize	VERB
cblr-2896	251	17	their	their	PRON
cblr-2896	251	18	compensation	compensation	NOUN
cblr-2896	251	19	.	.	PUNCT
cblr-2896	252	1	this	this	DET
cblr-2896	252	2	balance	balance	NOUN
cblr-2896	252	3	sheet	sheet	NOUN
cblr-2896	252	4	rearrangement	rearrangement	NOUN
cblr-2896	252	5	might	might	AUX
cblr-2896	252	6	well	well	ADV
cblr-2896	252	7	be	be	AUX
cblr-2896	252	8	inefficient	inefficient	ADJ
cblr-2896	252	9	and	and	CCONJ
cblr-2896	252	10	would	would	AUX
cblr-2896	252	11	not	not	PART
cblr-2896	252	12	necessarily	necessarily	ADV
cblr-2896	252	13	reduce	reduce	VERB
cblr-2896	252	14	systemic	systemic	ADJ
cblr-2896	252	15	risk	risk	NOUN
cblr-2896	252	16	.	.	PUNCT
cblr-2896	253	1	indeed	indeed	ADV
cblr-2896	253	2	,	,	PUNCT
cblr-2896	253	3	the	the	DET
cblr-2896	253	4	shareholders	shareholder	NOUN
cblr-2896	253	5	'	'	PART
cblr-2896	253	6	governance	governance	NOUN
cblr-2896	253	7	power	power	NOUN
cblr-2896	253	8	(	(	PUNCT
cblr-2896	253	9	especially	especially	ADV
cblr-2896	253	10	as	as	SCONJ
cblr-2896	253	11	exercised	exercise	VERB
cblr-2896	253	12	by	by	ADP
cblr-2896	253	13	blockholders	blockholder	NOUN
cblr-2896	253	14	)	)	PUNCT
cblr-2896	253	15	might	might	AUX
cblr-2896	253	16	well	well	ADV
cblr-2896	253	17	encourage	encourage	VERB
cblr-2896	253	18	management	management	NOUN
cblr-2896	253	19	to	to	PART
cblr-2896	253	20	engage	engage	VERB
cblr-2896	253	21	in	in	ADP
cblr-2896	253	22	this	this	DET
cblr-2896	253	23	sort	sort	NOUN
cblr-2896	253	24	of	of	ADP
cblr-2896	253	25	regulatory	regulatory	ADJ
cblr-2896	253	26	arbitrage	arbitrage	NOUN
cblr-2896	253	27	.	.	PUNCT
cblr-2896	254	1	among	among	ADP
cblr-2896	254	2	other	other	ADJ
cblr-2896	254	3	things	thing	NOUN
cblr-2896	254	4	,	,	PUNCT
cblr-2896	254	5	this	this	DET
cblr-2896	254	6	approach	approach	NOUN
cblr-2896	254	7	would	would	AUX
cblr-2896	254	8	provide	provide	VERB
cblr-2896	254	9	an	an	DET
cblr-2896	254	10	impetus	impetus	NOUN
cblr-2896	254	11	for	for	SCONJ
cblr-2896	254	12	financial	financial	ADJ
cblr-2896	254	13	innovation	innovation	NOUN
cblr-2896	254	14	to	to	PART
cblr-2896	254	15	create	create	VERB
cblr-2896	254	16	new	new	ADJ
cblr-2896	254	17	instruments	instrument	NOUN
cblr-2896	254	18	that	that	PRON
cblr-2896	254	19	would	would	AUX
cblr-2896	254	20	have	have	VERB
cblr-2896	254	21	particular	particular	ADJ
cblr-2896	254	22	weight	weight	NOUN
cblr-2896	254	23	in	in	ADP
cblr-2896	254	24	the	the	DET
cblr-2896	254	25	regulators	regulator	NOUN
cblr-2896	254	26	'	'	PART
cblr-2896	254	27	formula	formula	NOUN
cblr-2896	254	28	.	.	PUNCT
cblr-2896	255	1	the	the	DET
cblr-2896	255	2	effort	effort	NOUN
cblr-2896	255	3	to	to	PART
cblr-2896	255	4	specify	specify	VERB
cblr-2896	255	5	what	what	PRON
cblr-2896	255	6	"	"	PUNCT
cblr-2896	255	7	counts	count	NOUN
cblr-2896	255	8	"	"	PUNCT
cblr-2896	255	9	in	in	ADP
cblr-2896	255	10	the	the	DET
cblr-2896	255	11	managers	manager	NOUN
cblr-2896	255	12	'	'	PART
cblr-2896	255	13	maxim	maxim	NOUN
cblr-2896	255	14	sounds	sound	VERB
cblr-2896	255	15	hauntingly	hauntingly	ADV
cblr-2896	255	16	similar	similar	ADJ
cblr-2896	255	17	to	to	ADP
cblr-2896	255	18	the	the	DET
cblr-2896	255	19	regulatory	regulatory	ADJ
cblr-2896	255	20	rules	rule	NOUN
cblr-2896	255	21	that	that	PRON
cblr-2896	255	22	encouraged	encourage	VERB
cblr-2896	255	23	firms	firm	NOUN
cblr-2896	255	24	to	to	PART
cblr-2896	255	25	carry	carry	VERB
cblr-2896	255	26	triplea	triplea	PROPN
cblr-2896	255	27	rated	rate	VERB
cblr-2896	255	28	structured	structured	ADJ
cblr-2896	255	29	finance	finance	NOUN
cblr-2896	255	30	products,2	products,2	NOUN
cblr-2896	255	31	5	5	NUM
cblr-2896	255	32	or	or	CCONJ
cblr-2896	255	33	that	that	PRON
cblr-2896	255	34	permitted	permit	VERB
cblr-2896	255	35	lower	low	ADJ
cblr-2896	255	36	capital	capital	NOUN
cblr-2896	255	37	charges	charge	NOUN
cblr-2896	255	38	for	for	ADP
cblr-2896	255	39	assets	asset	NOUN
cblr-2896	255	40	that	that	PRON
cblr-2896	255	41	were	be	AUX
cblr-2896	255	42	insured	insure	VERB
cblr-2896	255	43	,	,	PUNCT
cblr-2896	255	44	or	or	CCONJ
cblr-2896	255	45	guaranteed	guarantee	VERB
cblr-2896	255	46	,	,	PUNCT
cblr-2896	255	47	by	by	ADP
cblr-2896	255	48	purportedly	purportedly	ADV
cblr-2896	255	49	triple	triple	ADJ
cblr-2896	255	50	-	-	PUNCT
cblr-2896	255	51	a	a	DET
cblr-2896	255	52	rated	rate	VERB
cblr-2896	255	53	counterparties.26	counterparties.26	ADJ
cblr-2896	255	54	second	second	NOUN
cblr-2896	255	55	,	,	PUNCT
cblr-2896	255	56	the	the	DET
cblr-2896	255	57	valuation	valuation	NOUN
cblr-2896	255	58	issues	issue	NOUN
cblr-2896	255	59	of	of	ADP
cblr-2896	255	60	"	"	PUNCT
cblr-2896	255	61	enterprise	enterprise	NOUN
cblr-2896	255	62	value	value	NOUN
cblr-2896	255	63	"	"	PUNCT
cblr-2896	255	64	are	be	AUX
cblr-2896	255	65	nontrivial	nontrivial	ADJ
cblr-2896	255	66	.	.	PUNCT
cblr-2896	256	1	many	many	ADJ
cblr-2896	256	2	liabilities	liability	NOUN
cblr-2896	256	3	do	do	AUX
cblr-2896	256	4	not	not	PART
cblr-2896	256	5	trade	trade	VERB
cblr-2896	256	6	in	in	ADP
cblr-2896	256	7	thick	thick	ADJ
cblr-2896	256	8	markets	market	NOUN
cblr-2896	256	9	.	.	PUNCT
cblr-2896	257	1	in	in	ADP
cblr-2896	257	2	the	the	DET
cblr-2896	257	3	case	case	NOUN
cblr-2896	257	4	of	of	ADP
cblr-2896	257	5	bank	bank	NOUN
cblr-2896	257	6	finance	finance	NOUN
cblr-2896	257	7	,	,	PUNCT
cblr-2896	257	8	they	they	PRON
cblr-2896	257	9	may	may	AUX
cblr-2896	257	10	not	not	PART
cblr-2896	257	11	trade	trade	VERB
cblr-2896	257	12	at	at	ADV
cblr-2896	257	13	all	all	ADV
cblr-2896	257	14	.	.	PUNCT
cblr-2896	258	1	although	although	SCONJ
cblr-2896	258	2	credit	credit	NOUN
cblr-2896	258	3	default	default	NOUN
cblr-2896	258	4	swaps	swap	NOUN
cblr-2896	258	5	may	may	AUX
cblr-2896	258	6	provide	provide	VERB
cblr-2896	258	7	some	some	DET
cblr-2896	258	8	useful	useful	ADJ
cblr-2896	258	9	information	information	NOUN
cblr-2896	258	10	,	,	PUNCT
cblr-2896	258	11	cds	cd	NOUN
cblr-2896	258	12	trading	trading	NOUN
cblr-2896	258	13	markets	market	NOUN
cblr-2896	258	14	are	be	AUX
cblr-2896	258	15	often	often	ADV
cblr-2896	258	16	thin	thin	ADJ
cblr-2896	258	17	and	and	CCONJ
cblr-2896	258	18	do	do	AUX
cblr-2896	258	19	not	not	PART
cblr-2896	258	20	necessarily	necessarily	ADV
cblr-2896	258	21	cover	cover	VERB
cblr-2896	258	22	the	the	DET
cblr-2896	258	23	full	full	ADJ
cblr-2896	258	24	range	range	NOUN
cblr-2896	258	25	of	of	ADP
cblr-2896	258	26	bank	bank	NOUN
cblr-2896	258	27	liabilities	liability	NOUN
cblr-2896	258	28	.	.	PUNCT
cblr-2896	259	1	thus	thus	ADV
cblr-2896	259	2	,	,	PUNCT
cblr-2896	259	3	the	the	DET
cblr-2896	259	4	availability	availability	NOUN
cblr-2896	259	5	of	of	ADP
cblr-2896	259	6	reliable	reliable	ADJ
cblr-2896	259	7	valuation	valuation	NOUN
cblr-2896	259	8	information	information	NOUN
cblr-2896	259	9	will	will	AUX
cblr-2896	259	10	vary	vary	VERB
cblr-2896	259	11	across	across	ADP
cblr-2896	259	12	firms	firm	NOUN
cblr-2896	259	13	and	and	CCONJ
cblr-2896	259	14	over	over	ADP
cblr-2896	259	15	time	time	NOUN
cblr-2896	259	16	.	.	PUNCT
cblr-2896	260	1	there	there	PRON
cblr-2896	260	2	could	could	AUX
cblr-2896	260	3	well	well	ADV
cblr-2896	260	4	be	be	AUX
cblr-2896	260	5	pressure	pressure	NOUN
cblr-2896	260	6	for	for	SCONJ
cblr-2896	260	7	firms	firm	NOUN
cblr-2896	260	8	to	to	PART
cblr-2896	260	9	standardize	standardize	VERB
cblr-2896	260	10	liability	liability	NOUN
cblr-2896	260	11	forms	form	NOUN
cblr-2896	260	12	,	,	PUNCT
cblr-2896	260	13	to	to	PART
cblr-2896	260	14	promote	promote	VERB
cblr-2896	260	15	valuation	valuation	NOUN
cblr-2896	260	16	transparency	transparency	NOUN
cblr-2896	260	17	,	,	PUNCT
cblr-2896	260	18	or	or	CCONJ
cblr-2896	260	19	to	to	PART
cblr-2896	260	20	look	look	VERB
cblr-2896	260	21	to	to	ADP
cblr-2896	260	22	a	a	DET
cblr-2896	260	23	particular	particular	ADJ
cblr-2896	260	24	subset	subset	NOUN
cblr-2896	260	25	of	of	ADP
cblr-2896	260	26	standardized	standardized	ADJ
cblr-2896	260	27	liabilities	liability	NOUN
cblr-2896	260	28	as	as	ADP
cblr-2896	260	29	a	a	DET
cblr-2896	260	30	proxy	proxy	NOUN
cblr-2896	260	31	for	for	ADP
cblr-2896	260	32	the	the	DET
cblr-2896	260	33	firm	firm	NOUN
cblr-2896	260	34	's	's	PART
cblr-2896	260	35	liabilities	liability	NOUN
cblr-2896	260	36	25	25	NUM
cblr-2896	260	37	residential	residential	ADJ
cblr-2896	260	38	mortgage	mortgage	NOUN
cblr-2896	260	39	-	-	PUNCT
cblr-2896	260	40	backed	back	VERB
cblr-2896	260	41	securities	security	NOUN
cblr-2896	260	42	that	that	PRON
cblr-2896	260	43	were	be	AUX
cblr-2896	260	44	rated	rate	VERB
cblr-2896	260	45	aaa	aaa	NOUN
cblr-2896	260	46	carried	carry	VERB
cblr-2896	260	47	a	a	DET
cblr-2896	260	48	20	20	NUM
cblr-2896	260	49	%	%	NOUN
cblr-2896	260	50	charge	charge	NOUN
cblr-2896	260	51	in	in	ADP
cblr-2896	260	52	the	the	DET
cblr-2896	260	53	calculation	calculation	NOUN
cblr-2896	260	54	of	of	ADP
cblr-2896	260	55	risk	risk	NOUN
cblr-2896	260	56	-	-	PUNCT
cblr-2896	260	57	weighted	weight	VERB
cblr-2896	260	58	assets	asset	NOUN
cblr-2896	260	59	,	,	PUNCT
cblr-2896	260	60	whereas	whereas	SCONJ
cblr-2896	260	61	residential	residential	ADJ
cblr-2896	260	62	mortgages	mortgage	NOUN
cblr-2896	260	63	held	hold	VERB
cblr-2896	260	64	directly	directly	ADV
cblr-2896	260	65	required	require	VERB
cblr-2896	260	66	a	a	DET
cblr-2896	260	67	50	50	NUM
cblr-2896	260	68	%	%	NOUN
cblr-2896	260	69	charge	charge	NOUN
cblr-2896	260	70	(	(	PUNCT
cblr-2896	260	71	"	"	PUNCT
cblr-2896	260	72	qualifying	qualify	VERB
cblr-2896	260	73	"	"	PUNCT
cblr-2896	260	74	)	)	PUNCT
cblr-2896	260	75	or	or	CCONJ
cblr-2896	260	76	100	100	NUM
cblr-2896	260	77	%	%	NOUN
cblr-2896	260	78	charge	charge	NOUN
cblr-2896	260	79	(	(	PUNCT
cblr-2896	260	80	"	"	PUNCT
cblr-2896	260	81	non	non	ADJ
cblr-2896	260	82	-	-	ADJ
cblr-2896	260	83	qualifying	qualifying	ADJ
cblr-2896	260	84	"	"	PUNCT
cblr-2896	260	85	)	)	PUNCT
cblr-2896	260	86	.	.	PUNCT
cblr-2896	261	1	see	see	VERB
cblr-2896	261	2	michael	michael	PROPN
cblr-2896	261	3	crouhy	crouhy	VERB
cblr-2896	261	4	et	et	PROPN
cblr-2896	261	5	al	al	PROPN
cblr-2896	261	6	.	.	PROPN
cblr-2896	261	7	,	,	PUNCT
cblr-2896	261	8	the	the	DET
cblr-2896	261	9	essentials	essential	NOUN
cblr-2896	261	10	of	of	ADP
cblr-2896	261	11	risk	risk	NOUN
cblr-2896	261	12	management	management	NOUN
cblr-2896	261	13	(	(	PUNCT
cblr-2896	261	14	2006	2006	NUM
cblr-2896	261	15	)	)	PUNCT
cblr-2896	261	16	;	;	PUNCT
cblr-2896	261	17	12	12	NUM
cblr-2896	261	18	c.f.r	c.f.r	NOUN
cblr-2896	261	19	.	.	PUNCT
cblr-2896	262	1	§	§	PROPN
cblr-2896	262	2	567.6	567.6	NUM
cblr-2896	262	3	(	(	PUNCT
cblr-2896	262	4	2010	2010	NUM
cblr-2896	262	5	)	)	PUNCT
cblr-2896	262	6	.	.	PUNCT
cblr-2896	263	1	26	26	NUM
cblr-2896	263	2	see	see	VERB
cblr-2896	263	3	crouhy	crouhy	NOUN
cblr-2896	263	4	et	et	PROPN
cblr-2896	263	5	al	al	PROPN
cblr-2896	263	6	.	.	PROPN
cblr-2896	263	7	,	,	PUNCT
cblr-2896	263	8	supra	supra	PROPN
cblr-2896	263	9	note	note	PROPN
cblr-2896	263	10	25	25	NUM
cblr-2896	263	11	;	;	PUNCT
cblr-2896	263	12	§	§	PROPN
cblr-2896	263	13	567.6(a)(1)(ii)(h)(1	567.6(a)(1)(ii)(h)(1	NUM
cblr-2896	263	14	)	)	PUNCT
cblr-2896	263	15	.	.	PUNCT
cblr-2896	264	1	852	852	NUM
cblr-2896	265	1	[	[	X
cblr-2896	265	2	vol	vol	NOUN
cblr-2896	265	3	.	.	NOUN
cblr-2896	265	4	2012	2012	NUM
cblr-2896	265	5	no	no	NOUN
cblr-2896	265	6	.	.	PUNCT
cblr-2896	266	1	3:834	3:834	NUM
cblr-2896	266	2	]	]	X
cblr-2896	266	3	the	the	DET
cblr-2896	266	4	case	case	NOUN
cblr-2896	266	5	for	for	ADP
cblr-2896	266	6	convertible	convertible	ADJ
cblr-2896	266	7	equity	equity	NOUN
cblr-2896	266	8	-	-	PUNCT
cblr-2896	266	9	based	base	VERB
cblr-2896	266	10	pay	pay	NOUN
cblr-2896	266	11	valuation	valuation	NOUN
cblr-2896	266	12	.	.	PUNCT
cblr-2896	267	1	this	this	PRON
cblr-2896	267	2	creates	create	VERB
cblr-2896	267	3	incentives	incentive	NOUN
cblr-2896	267	4	to	to	PART
cblr-2896	267	5	distort	distort	VERB
cblr-2896	267	6	capital	capital	NOUN
cblr-2896	267	7	structure	structure	NOUN
cblr-2896	267	8	for	for	ADP
cblr-2896	267	9	a	a	DET
cblr-2896	267	10	favorable	favorable	ADJ
cblr-2896	267	11	valuation	valuation	NOUN
cblr-2896	267	12	result	result	NOUN
cblr-2896	267	13	.	.	PUNCT
cblr-2896	268	1	such	such	DET
cblr-2896	268	2	an	an	DET
cblr-2896	268	3	approach	approach	NOUN
cblr-2896	268	4	also	also	ADV
cblr-2896	268	5	increases	increase	VERB
cblr-2896	268	6	the	the	DET
cblr-2896	268	7	pressure	pressure	NOUN
cblr-2896	268	8	on	on	ADP
cblr-2896	268	9	the	the	DET
cblr-2896	268	10	"	"	PUNCT
cblr-2896	268	11	mark	mark	NOUN
cblr-2896	268	12	-	-	PUNCT
cblr-2896	268	13	to	to	ADP
cblr-2896	268	14	-	-	PUNCT
cblr-2896	268	15	market	market	NOUN
cblr-2896	268	16	"	"	PUNCT
cblr-2896	268	17	debate	debate	NOUN
cblr-2896	268	18	over	over	ADP
cblr-2896	268	19	financial	financial	ADJ
cblr-2896	268	20	firm	firm	NOUN
cblr-2896	268	21	balance	balance	NOUN
cblr-2896	268	22	sheets	sheet	NOUN
cblr-2896	268	23	,	,	PUNCT
cblr-2896	268	24	which	which	PRON
cblr-2896	268	25	thus	thus	ADV
cblr-2896	268	26	far	far	ADV
cblr-2896	268	27	has	have	AUX
cblr-2896	268	28	focused	focus	VERB
cblr-2896	268	29	on	on	ADP
cblr-2896	268	30	the	the	DET
cblr-2896	268	31	asset	asset	NOUN
cblr-2896	268	32	side	side	NOUN
cblr-2896	268	33	.	.	PUNCT
cblr-2896	269	1	if	if	SCONJ
cblr-2896	269	2	liability	liability	NOUN
cblr-2896	269	3	-	-	PUNCT
cblr-2896	269	4	side	side	NOUN
cblr-2896	269	5	valuations	valuation	NOUN
cblr-2896	269	6	affect	affect	VERB
cblr-2896	269	7	managerial	managerial	ADJ
cblr-2896	269	8	compensation	compensation	NOUN
cblr-2896	269	9	,	,	PUNCT
cblr-2896	269	10	elaborate	elaborate	ADJ
cblr-2896	269	11	accounting	accounting	NOUN
cblr-2896	269	12	rules	rule	NOUN
cblr-2896	269	13	will	will	AUX
cblr-2896	269	14	follow	follow	VERB
cblr-2896	269	15	.	.	PUNCT
cblr-2896	270	1	third	third	ADV
cblr-2896	270	2	,	,	PUNCT
cblr-2896	270	3	even	even	ADV
cblr-2896	270	4	a	a	DET
cblr-2896	270	5	technically	technically	ADV
cblr-2896	270	6	tractable	tractable	ADJ
cblr-2896	270	7	,	,	PUNCT
cblr-2896	270	8	minimally	minimally	ADV
cblr-2896	270	9	game	game	NOUN
cblr-2896	270	10	-	-	PUNCT
cblr-2896	270	11	able	able	ADJ
cblr-2896	270	12	compensation	compensation	NOUN
cblr-2896	270	13	formula	formula	NOUN
cblr-2896	270	14	that	that	PRON
cblr-2896	270	15	includes	include	VERB
cblr-2896	270	16	credit	credit	NOUN
cblr-2896	270	17	claims	claim	NOUN
cblr-2896	270	18	rests	rest	VERB
cblr-2896	270	19	on	on	ADP
cblr-2896	270	20	a	a	DET
cblr-2896	270	21	contestable	contestable	ADJ
cblr-2896	270	22	assumption	assumption	NOUN
cblr-2896	270	23	:	:	PUNCT
cblr-2896	270	24	that	that	SCONJ
cblr-2896	270	25	creditors	creditor	NOUN
cblr-2896	270	26	would	would	AUX
cblr-2896	270	27	expect	expect	VERB
cblr-2896	270	28	to	to	PART
cblr-2896	270	29	bear	bear	VERB
cblr-2896	270	30	significant	significant	ADJ
cblr-2896	270	31	losses	loss	NOUN
cblr-2896	270	32	in	in	ADP
cblr-2896	270	33	the	the	DET
cblr-2896	270	34	failure	failure	NOUN
cblr-2896	270	35	of	of	ADP
cblr-2896	270	36	a	a	DET
cblr-2896	270	37	financial	financial	ADJ
cblr-2896	270	38	firm	firm	NOUN
cblr-2896	270	39	,	,	PUNCT
cblr-2896	270	40	and	and	CCONJ
cblr-2896	270	41	that	that	SCONJ
cblr-2896	270	42	enterprise	enterprise	NOUN
cblr-2896	270	43	value	value	NOUN
cblr-2896	270	44	would	would	AUX
cblr-2896	270	45	therefore	therefore	ADV
cblr-2896	270	46	be	be	AUX
cblr-2896	270	47	an	an	DET
cblr-2896	270	48	effective	effective	ADJ
cblr-2896	270	49	instrument	instrument	NOUN
cblr-2896	270	50	to	to	PART
cblr-2896	270	51	change	change	VERB
cblr-2896	270	52	managerial	managerial	ADJ
cblr-2896	270	53	conduct	conduct	NOUN
cblr-2896	270	54	.	.	PUNCT
cblr-2896	271	1	as	as	ADP
cblr-2896	271	2	an	an	DET
cblr-2896	271	3	empirical	empirical	ADJ
cblr-2896	271	4	matter	matter	NOUN
cblr-2896	271	5	,	,	PUNCT
cblr-2896	271	6	the	the	DET
cblr-2896	271	7	pre	pre	ADJ
cblr-2896	271	8	-	-	ADJ
cblr-2896	271	9	lehman	lehman	ADJ
cblr-2896	271	10	risk	risk	NOUN
cblr-2896	271	11	of	of	ADP
cblr-2896	271	12	significant	significant	ADJ
cblr-2896	271	13	losses	loss	NOUN
cblr-2896	271	14	for	for	ADP
cblr-2896	271	15	creditors	creditor	NOUN
cblr-2896	271	16	of	of	ADP
cblr-2896	271	17	large	large	ADJ
cblr-2896	271	18	financial	financial	ADJ
cblr-2896	271	19	firms	firm	NOUN
cblr-2896	271	20	was	be	AUX
cblr-2896	271	21	not	not	PART
cblr-2896	271	22	high	high	ADJ
cblr-2896	271	23	.	.	PUNCT
cblr-2896	272	1	indeed	indeed	ADV
cblr-2896	272	2	,	,	PUNCT
cblr-2896	272	3	the	the	DET
cblr-2896	272	4	government	government	NOUN
cblr-2896	272	5	actions	action	NOUN
cblr-2896	272	6	to	to	PART
cblr-2896	272	7	address	address	VERB
cblr-2896	272	8	the	the	DET
cblr-2896	272	9	financial	financial	ADJ
cblr-2896	272	10	crisis	crisis	NOUN
cblr-2896	272	11	are	be	AUX
cblr-2896	272	12	notable	notable	ADJ
cblr-2896	272	13	for	for	ADP
cblr-2896	272	14	the	the	DET
cblr-2896	272	15	losses	loss	NOUN
cblr-2896	272	16	not	not	PART
cblr-2896	272	17	imposed	impose	VERB
cblr-2896	272	18	on	on	ADP
cblr-2896	272	19	creditors.27	creditors.27	PROPN
cblr-2896	272	20	the	the	DET
cblr-2896	272	21	current	current	ADJ
cblr-2896	272	22	financial	financial	ADJ
cblr-2896	272	23	regulation	regulation	NOUN
cblr-2896	272	24	reform	reform	NOUN
cblr-2896	272	25	legislation	legislation	NOUN
cblr-2896	272	26	tries	try	VERB
cblr-2896	272	27	to	to	PART
cblr-2896	272	28	bring	bring	VERB
cblr-2896	272	29	this	this	PRON
cblr-2896	272	30	"	"	PUNCT
cblr-2896	272	31	too	too	ADV
cblr-2896	272	32	big	big	ADJ
cblr-2896	272	33	to	to	PART
cblr-2896	272	34	fail	fail	VERB
cblr-2896	272	35	"	"	PUNCT
cblr-2896	272	36	problem	problem	NOUN
cblr-2896	272	37	under	under	ADP
cblr-2896	272	38	control	control	NOUN
cblr-2896	272	39	with	with	ADP
cblr-2896	272	40	a	a	DET
cblr-2896	272	41	new	new	ADJ
cblr-2896	272	42	style	style	NOUN
cblr-2896	272	43	of	of	ADP
cblr-2896	272	44	resolution	resolution	NOUN
cblr-2896	272	45	procedures	procedure	NOUN
cblr-2896	272	46	for	for	ADP
cblr-2896	272	47	failing	fail	VERB
cblr-2896	272	48	financial	financial	ADJ
cblr-2896	272	49	firms.2	firms.2	NOUN
cblr-2896	272	50	8	8	NUM
cblr-2896	272	51	in	in	ADP
cblr-2896	272	52	the	the	DET
cblr-2896	272	53	wake	wake	NOUN
cblr-2896	272	54	of	of	ADP
cblr-2896	272	55	the	the	DET
cblr-2896	272	56	financial	financial	ADJ
cblr-2896	272	57	system	system	NOUN
cblr-2896	272	58	freeze	freeze	NOUN
cblr-2896	272	59	-	-	PUNCT
cblr-2896	272	60	up	up	NOUN
cblr-2896	272	61	following	follow	VERB
cblr-2896	272	62	the	the	DET
cblr-2896	272	63	lehman	lehman	PROPN
cblr-2896	272	64	bankruptcy	bankruptcy	NOUN
cblr-2896	272	65	filing	filing	NOUN
cblr-2896	272	66	,	,	PUNCT
cblr-2896	272	67	which	which	PRON
cblr-2896	272	68	did	do	AUX
cblr-2896	272	69	indeed	indeed	ADV
cblr-2896	272	70	result	result	VERB
cblr-2896	272	71	in	in	ADP
cblr-2896	272	72	significant	significant	ADJ
cblr-2896	272	73	creditor	creditor	NOUN
cblr-2896	272	74	losses	loss	NOUN
cblr-2896	272	75	,	,	PUNCT
cblr-2896	272	76	the	the	DET
cblr-2896	272	77	credibility	credibility	NOUN
cblr-2896	272	78	,	,	PUNCT
cblr-2896	272	79	even	even	ADV
cblr-2896	272	80	wisdom	wisdom	NOUN
cblr-2896	272	81	,	,	PUNCT
cblr-2896	272	82	of	of	ADP
cblr-2896	272	83	such	such	DET
cblr-2896	272	84	a	a	DET
cblr-2896	272	85	strategy	strategy	NOUN
cblr-2896	272	86	is	be	AUX
cblr-2896	272	87	open	open	ADJ
cblr-2896	272	88	for	for	ADP
cblr-2896	272	89	debate.29	debate.29	PROPN
cblr-2896	272	90	c.	c.	PROPN
cblr-2896	272	91	an	an	DET
cblr-2896	272	92	alternative	alternative	ADJ
cblr-2896	272	93	proposal	proposal	NOUN
cblr-2896	272	94	:	:	PUNCT
cblr-2896	272	95	convertible	convertible	ADJ
cblr-2896	272	96	equity	equity	NOUN
cblr-2896	272	97	-	-	PUNCT
cblr-2896	272	98	based	base	VERB
cblr-2896	272	99	compensation	compensation	NOUN
cblr-2896	272	100	the	the	DET
cblr-2896	272	101	value	value	NOUN
cblr-2896	272	102	of	of	ADP
cblr-2896	272	103	the	the	DET
cblr-2896	272	104	bebchuk	bebchuk	NOUN
cblr-2896	272	105	-	-	PUNCT
cblr-2896	272	106	spamann	spamann	NOUN
cblr-2896	272	107	analysis	analysis	NOUN
cblr-2896	272	108	is	be	AUX
cblr-2896	272	109	to	to	PART
cblr-2896	272	110	remind	remind	VERB
cblr-2896	272	111	us	we	PRON
cblr-2896	272	112	that	that	SCONJ
cblr-2896	272	113	the	the	DET
cblr-2896	272	114	systemic	systemic	ADJ
cblr-2896	272	115	risk	risk	NOUN
cblr-2896	272	116	associated	associate	VERB
cblr-2896	272	117	with	with	ADP
cblr-2896	272	118	financial	financial	ADJ
cblr-2896	272	119	firm	firm	ADJ
cblr-2896	272	120	failure	failure	NOUN
cblr-2896	272	121	requires	require	VERB
cblr-2896	272	122	us	we	PRON
cblr-2896	272	123	to	to	PART
cblr-2896	272	124	think	think	VERB
cblr-2896	272	125	differently	differently	ADV
cblr-2896	272	126	about	about	ADP
cblr-2896	272	127	executive	executive	ADJ
cblr-2896	272	128	compensation	compensation	NOUN
cblr-2896	272	129	in	in	ADP
cblr-2896	272	130	such	such	ADJ
cblr-2896	272	131	firms	firm	NOUN
cblr-2896	272	132	.	.	PUNCT
cblr-2896	273	1	in	in	ADP
cblr-2896	273	2	particular	particular	ADJ
cblr-2896	273	3	we	we	PRON
cblr-2896	273	4	need	need	VERB
cblr-2896	273	5	to	to	PART
cblr-2896	273	6	cabin	cabin	VERB
cblr-2896	273	7	risk	risk	NOUN
cblr-2896	273	8	-	-	PUNCT
cblr-2896	273	9	taking	taking	NOUN
cblr-2896	273	10	by	by	ADP
cblr-2896	273	11	managers	manager	NOUN
cblr-2896	273	12	that	that	PRON
cblr-2896	273	13	may	may	AUX
cblr-2896	273	14	enhance	enhance	VERB
cblr-2896	273	15	shareholder	shareholder	NOUN
cblr-2896	273	16	27	27	NUM
cblr-2896	273	17	the	the	DET
cblr-2896	273	18	exception	exception	NOUN
cblr-2896	273	19	was	be	AUX
cblr-2896	273	20	in	in	ADP
cblr-2896	273	21	the	the	DET
cblr-2896	273	22	case	case	NOUN
cblr-2896	273	23	of	of	ADP
cblr-2896	273	24	washington	washington	PROPN
cblr-2896	273	25	mutual	mutual	ADJ
cblr-2896	273	26	.	.	PUNCT
cblr-2896	274	1	there	there	ADV
cblr-2896	274	2	,	,	PUNCT
cblr-2896	274	3	the	the	DET
cblr-2896	274	4	fdic	fdic	PROPN
cblr-2896	274	5	did	do	AUX
cblr-2896	274	6	not	not	PART
cblr-2896	274	7	protect	protect	VERB
cblr-2896	274	8	all	all	DET
cblr-2896	274	9	non	non	ADJ
cblr-2896	274	10	-	-	ADJ
cblr-2896	274	11	insured	insured	ADJ
cblr-2896	274	12	creditors	creditor	NOUN
cblr-2896	274	13	with	with	ADP
cblr-2896	274	14	its	its	PRON
cblr-2896	274	15	purchase	purchase	NOUN
cblr-2896	274	16	and	and	CCONJ
cblr-2896	274	17	assumption	assumption	NOUN
cblr-2896	274	18	method	method	NOUN
cblr-2896	274	19	of	of	ADP
cblr-2896	274	20	bank	bank	NOUN
cblr-2896	274	21	resolution	resolution	NOUN
cblr-2896	274	22	.	.	PUNCT
cblr-2896	275	1	28	28	NUM
cblr-2896	275	2	dodd	dodd	PROPN
cblr-2896	275	3	-	-	PUNCT
cblr-2896	275	4	frank	frank	PROPN
cblr-2896	275	5	wall	wall	PROPN
cblr-2896	275	6	street	street	PROPN
cblr-2896	275	7	reform	reform	PROPN
cblr-2896	275	8	and	and	CCONJ
cblr-2896	275	9	consumer	consumer	NOUN
cblr-2896	275	10	protection	protection	PROPN
cblr-2896	275	11	act	act	PROPN
cblr-2896	275	12	,	,	PUNCT
cblr-2896	275	13	12	12	NUM
cblr-2896	275	14	u.s.c	u.s.c	ADJ
cblr-2896	275	15	.	.	PUNCT
cblr-2896	276	1	§	§	PROPN
cblr-2896	276	2	§	§	PROPN
cblr-2896	276	3	5381	5381	NUM
cblr-2896	276	4	-	-	SYM
cblr-2896	276	5	94	94	NUM
cblr-2896	276	6	(	(	PUNCT
cblr-2896	276	7	2010	2010	NUM
cblr-2896	276	8	)	)	PUNCT
cblr-2896	276	9	(	(	PUNCT
cblr-2896	276	10	comprising	comprise	VERB
cblr-2896	276	11	title	title	NOUN
cblr-2896	276	12	ii	ii	PROPN
cblr-2896	276	13	,	,	PUNCT
cblr-2896	276	14	orderly	orderly	ADJ
cblr-2896	276	15	liquidation	liquidation	NOUN
cblr-2896	276	16	authority	authority	NOUN
cblr-2896	276	17	of	of	ADP
cblr-2896	276	18	the	the	DET
cblr-2896	276	19	dodd	dodd	PROPN
cblr-2896	276	20	-	-	PUNCT
cblr-2896	276	21	frank	frank	PROPN
cblr-2896	276	22	act	act	PROPN
cblr-2896	276	23	)	)	PUNCT
cblr-2896	276	24	.	.	PUNCT
cblr-2896	277	1	29	29	NUM
cblr-2896	277	2	see	see	VERB
cblr-2896	277	3	generally	generally	ADV
cblr-2896	277	4	gordon	gordon	PROPN
cblr-2896	277	5	&	&	CCONJ
cblr-2896	277	6	muller	muller	PROPN
cblr-2896	277	7	,	,	PUNCT
cblr-2896	277	8	supra	supra	PROPN
cblr-2896	277	9	note	note	NOUN
cblr-2896	277	10	5	5	NUM
cblr-2896	277	11	.	.	SYM
cblr-2896	277	12	853	853	NUM
cblr-2896	277	13	value	value	NOUN
cblr-2896	277	14	only	only	ADV
cblr-2896	277	15	if	if	SCONJ
cblr-2896	277	16	systemic	systemic	ADJ
cblr-2896	277	17	distress	distress	NOUN
cblr-2896	277	18	costs	cost	NOUN
cblr-2896	277	19	are	be	AUX
cblr-2896	277	20	not	not	PART
cblr-2896	277	21	considered	consider	VERB
cblr-2896	277	22	.	.	PUNCT
cblr-2896	278	1	the	the	DET
cblr-2896	278	2	design	design	NOUN
cblr-2896	278	3	problem	problem	NOUN
cblr-2896	278	4	is	be	AUX
cblr-2896	278	5	how	how	SCONJ
cblr-2896	278	6	to	to	PART
cblr-2896	278	7	make	make	VERB
cblr-2896	278	8	managers	manager	NOUN
cblr-2896	278	9	"	"	PUNCT
cblr-2896	278	10	see	see	VERB
cblr-2896	278	11	"	"	PUNCT
cblr-2896	278	12	those	those	DET
cblr-2896	278	13	costs	cost	NOUN
cblr-2896	278	14	yet	yet	ADV
cblr-2896	278	15	not	not	PART
cblr-2896	278	16	erase	erase	VERB
cblr-2896	278	17	the	the	DET
cblr-2896	278	18	traditional	traditional	ADJ
cblr-2896	278	19	managerial	managerial	ADJ
cblr-2896	278	20	obligation	obligation	NOUN
cblr-2896	278	21	to	to	ADP
cblr-2896	278	22	shareholders	shareholder	NOUN
cblr-2896	278	23	;	;	PUNCT
cblr-2896	278	24	that	that	PRON
cblr-2896	278	25	is	is	ADV
cblr-2896	278	26	,	,	PUNCT
cblr-2896	278	27	to	to	PART
cblr-2896	278	28	encourage	encourage	VERB
cblr-2896	278	29	"	"	PUNCT
cblr-2896	278	30	optimal	optimal	ADJ
cblr-2896	278	31	"	"	PUNCT
cblr-2896	278	32	risk	risk	NOUN
cblr-2896	278	33	-	-	PUNCT
cblr-2896	278	34	taking	taking	NOUN
cblr-2896	278	35	,	,	PUNCT
cblr-2896	278	36	not	not	PART
cblr-2896	278	37	"	"	PUNCT
cblr-2896	278	38	excessive	excessive	ADJ
cblr-2896	278	39	"	"	PUNCT
cblr-2896	278	40	risk	risk	NOUN
cblr-2896	278	41	-	-	PUNCT
cblr-2896	278	42	taking	taking	NOUN
cblr-2896	278	43	.	.	PUNCT
cblr-2896	279	1	the	the	DET
cblr-2896	279	2	goal	goal	NOUN
cblr-2896	279	3	is	be	AUX
cblr-2896	279	4	a	a	DET
cblr-2896	279	5	compensation	compensation	NOUN
cblr-2896	279	6	mechanism	mechanism	NOUN
cblr-2896	279	7	that	that	PRON
cblr-2896	279	8	cuts	cut	VERB
cblr-2896	279	9	off	off	ADP
cblr-2896	279	10	the	the	DET
cblr-2896	279	11	part	part	NOUN
cblr-2896	279	12	of	of	ADP
cblr-2896	279	13	the	the	DET
cblr-2896	279	14	risk	risk	NOUN
cblr-2896	279	15	-	-	PUNCT
cblr-2896	279	16	incentivizing	incentivize	VERB
cblr-2896	279	17	distribution	distribution	NOUN
cblr-2896	279	18	in	in	ADP
cblr-2896	279	19	which	which	PRON
cblr-2896	279	20	customary	customary	ADJ
cblr-2896	279	21	incentives	incentive	NOUN
cblr-2896	279	22	may	may	AUX
cblr-2896	279	23	have	have	VERB
cblr-2896	279	24	significant	significant	ADJ
cblr-2896	279	25	social	social	ADJ
cblr-2896	279	26	costs	cost	NOUN
cblr-2896	279	27	,	,	PUNCT
cblr-2896	279	28	because	because	SCONJ
cblr-2896	279	29	of	of	ADP
cblr-2896	279	30	the	the	DET
cblr-2896	279	31	potential	potential	NOUN
cblr-2896	279	32	for	for	ADP
cblr-2896	279	33	systemic	systemic	ADJ
cblr-2896	279	34	distress	distress	NOUN
cblr-2896	279	35	should	should	AUX
cblr-2896	279	36	the	the	DET
cblr-2896	279	37	risks	risk	NOUN
cblr-2896	279	38	turn	turn	VERB
cblr-2896	279	39	out	out	ADP
cblr-2896	279	40	badly.30	badly.30	PROPN
cblr-2896	279	41	here	here	ADV
cblr-2896	279	42	is	be	AUX
cblr-2896	279	43	a	a	DET
cblr-2896	279	44	different	different	ADJ
cblr-2896	279	45	approach	approach	NOUN
cblr-2896	279	46	to	to	ADP
cblr-2896	279	47	that	that	DET
cblr-2896	279	48	problem	problem	NOUN
cblr-2896	279	49	:	:	PUNCT
cblr-2896	279	50	convertible	convertible	ADJ
cblr-2896	279	51	equity	equity	NOUN
cblr-2896	279	52	-	-	PUNCT
cblr-2896	279	53	based	base	VERB
cblr-2896	279	54	pay	pay	NOUN
cblr-2896	279	55	.	.	PUNCT
cblr-2896	280	1	specifically	specifically	ADV
cblr-2896	280	2	,	,	PUNCT
cblr-2896	280	3	senior	senior	ADJ
cblr-2896	280	4	executives	executive	NOUN
cblr-2896	280	5	at	at	ADP
cblr-2896	280	6	financial	financial	ADJ
cblr-2896	280	7	firms	firm	NOUN
cblr-2896	280	8	should	should	AUX
cblr-2896	280	9	receive	receive	VERB
cblr-2896	280	10	a	a	DET
cblr-2896	280	11	significant	significant	ADJ
cblr-2896	280	12	portion	portion	NOUN
cblr-2896	280	13	of	of	ADP
cblr-2896	280	14	stock	stock	NOUN
cblr-2896	280	15	-	-	PUNCT
cblr-2896	280	16	related	relate	VERB
cblr-2896	280	17	compensation	compensation	NOUN
cblr-2896	280	18	in	in	ADP
cblr-2896	280	19	the	the	DET
cblr-2896	280	20	form	form	NOUN
cblr-2896	280	21	of	of	ADP
cblr-2896	280	22	equity	equity	NOUN
cblr-2896	280	23	that	that	PRON
cblr-2896	280	24	will	will	AUX
cblr-2896	280	25	convert	convert	VERB
cblr-2896	280	26	into	into	ADP
cblr-2896	280	27	subordinated	subordinated	ADJ
cblr-2896	280	28	debt	debt	NOUN
cblr-2896	280	29	upon	upon	SCONJ
cblr-2896	280	30	certain	certain	ADJ
cblr-2896	280	31	external	external	ADJ
cblr-2896	280	32	triggering	trigger	VERB
cblr-2896	280	33	events	event	NOUN
cblr-2896	280	34	,	,	PUNCT
cblr-2896	280	35	such	such	ADJ
cblr-2896	280	36	as	as	ADP
cblr-2896	280	37	a	a	DET
cblr-2896	280	38	downgrade	downgrade	NOUN
cblr-2896	280	39	by	by	ADP
cblr-2896	280	40	the	the	DET
cblr-2896	280	41	regulators	regulator	NOUN
cblr-2896	280	42	to	to	ADP
cblr-2896	280	43	a	a	DET
cblr-2896	280	44	"	"	PUNCT
cblr-2896	280	45	high	high	ADJ
cblr-2896	280	46	-	-	PUNCT
cblr-2896	280	47	risk	risk	NOUN
cblr-2896	280	48	category	category	NOUN
cblr-2896	280	49	,	,	PUNCT
cblr-2896	280	50	"	"	PUNCT
cblr-2896	280	51	a	a	DET
cblr-2896	280	52	specific	specific	ADJ
cblr-2896	280	53	deterioration	deterioration	NOUN
cblr-2896	280	54	in	in	ADP
cblr-2896	280	55	the	the	DET
cblr-2896	280	56	firm	firm	NOUN
cblr-2896	280	57	's	's	PART
cblr-2896	280	58	book	book	NOUN
cblr-2896	280	59	-	-	PUNCT
cblr-2896	280	60	to	to	ADP
cblr-2896	280	61	-	-	PUNCT
cblr-2896	280	62	equity	equity	NOUN
cblr-2896	280	63	ratio	ratio	NOUN
cblr-2896	280	64	(	(	PUNCT
cblr-2896	280	65	or	or	CCONJ
cblr-2896	280	66	some	some	DET
cblr-2896	280	67	other	other	ADJ
cblr-2896	280	68	critical	critical	ADJ
cblr-2896	280	69	ratio	ratio	NOUN
cblr-2896	280	70	)	)	PUNCT
cblr-2896	280	71	,	,	PUNCT
cblr-2896	280	72	or	or	CCONJ
cblr-2896	280	73	perhaps	perhaps	ADV
cblr-2896	280	74	a	a	DET
cblr-2896	280	75	stock	stock	NOUN
cblr-2896	280	76	price	price	NOUN
cblr-2896	280	77	drop	drop	NOUN
cblr-2896	280	78	of	of	ADP
cblr-2896	280	79	a	a	DET
cblr-2896	280	80	specified	specified	ADJ
cblr-2896	280	81	percentage	percentage	NOUN
cblr-2896	280	82	over	over	ADP
cblr-2896	280	83	a	a	DET
cblr-2896	280	84	limited	limited	ADJ
cblr-2896	280	85	time	time	NOUN
cblr-2896	280	86	period	period	NOUN
cblr-2896	280	87	.	.	PUNCT
cblr-2896	281	1	the	the	DET
cblr-2896	281	2	equity	equity	NOUN
cblr-2896	281	3	will	will	AUX
cblr-2896	281	4	convert	convert	VERB
cblr-2896	281	5	into	into	ADP
cblr-2896	281	6	subordinated	subordinated	ADJ
cblr-2896	281	7	debt	debt	NOUN
cblr-2896	281	8	based	base	VERB
cblr-2896	281	9	on	on	ADP
cblr-2896	281	10	the	the	DET
cblr-2896	281	11	value	value	NOUN
cblr-2896	281	12	of	of	ADP
cblr-2896	281	13	the	the	DET
cblr-2896	281	14	converted	converted	ADJ
cblr-2896	281	15	equity	equity	NOUN
cblr-2896	281	16	as	as	ADP
cblr-2896	281	17	of	of	ADP
cblr-2896	281	18	a	a	DET
cblr-2896	281	19	period	period	NOUN
cblr-2896	281	20	prior	prior	ADV
cblr-2896	281	21	to	to	ADP
cblr-2896	281	22	the	the	DET
cblr-2896	281	23	conversion	conversion	NOUN
cblr-2896	281	24	moment	moment	NOUN
cblr-2896	281	25	,	,	PUNCT
cblr-2896	281	26	less	less	ADV
cblr-2896	281	27	a	a	DET
cblr-2896	281	28	significant	significant	ADJ
cblr-2896	281	29	haircut	haircut	NOUN
cblr-2896	281	30	.	.	PUNCT
cblr-2896	282	1	this	this	DET
cblr-2896	282	2	mechanism	mechanism	NOUN
cblr-2896	282	3	both	both	PRON
cblr-2896	282	4	imposes	impose	VERB
cblr-2896	282	5	losses	loss	NOUN
cblr-2896	282	6	on	on	ADP
cblr-2896	282	7	senior	senior	ADJ
cblr-2896	282	8	management	management	NOUN
cblr-2896	282	9	for	for	ADP
cblr-2896	282	10	deterioration	deterioration	NOUN
cblr-2896	282	11	in	in	ADP
cblr-2896	282	12	the	the	DET
cblr-2896	282	13	firm	firm	NOUN
cblr-2896	282	14	's	's	PART
cblr-2896	282	15	financial	financial	ADJ
cblr-2896	282	16	condition	condition	NOUN
cblr-2896	282	17	,	,	PUNCT
cblr-2896	282	18	while	while	SCONJ
cblr-2896	282	19	also	also	ADV
cblr-2896	282	20	giving	give	VERB
cblr-2896	282	21	it	it	PRON
cblr-2896	282	22	a	a	DET
cblr-2896	282	23	significant	significant	ADJ
cblr-2896	282	24	stake	stake	NOUN
cblr-2896	282	25	in	in	ADP
cblr-2896	282	26	avoiding	avoid	VERB
cblr-2896	282	27	further	further	ADJ
cblr-2896	282	28	deterioration	deterioration	NOUN
cblr-2896	282	29	.	.	PUNCT
cblr-2896	283	1	the	the	DET
cblr-2896	283	2	recent	recent	ADJ
cblr-2896	283	3	financial	financial	ADJ
cblr-2896	283	4	crisis	crisis	NOUN
cblr-2896	283	5	provides	provide	VERB
cblr-2896	283	6	a	a	DET
cblr-2896	283	7	useful	useful	ADJ
cblr-2896	283	8	time	time	NOUN
cblr-2896	283	9	series	series	NOUN
cblr-2896	283	10	of	of	ADP
cblr-2896	283	11	stock	stock	NOUN
cblr-2896	283	12	price	price	NOUN
cblr-2896	283	13	changes	change	NOUN
cblr-2896	283	14	that	that	PRON
cblr-2896	283	15	could	could	AUX
cblr-2896	283	16	be	be	AUX
cblr-2896	283	17	mapped	map	VERB
cblr-2896	283	18	against	against	ADP
cblr-2896	283	19	other	other	ADJ
cblr-2896	283	20	measures	measure	NOUN
cblr-2896	283	21	of	of	ADP
cblr-2896	283	22	financial	financial	ADJ
cblr-2896	283	23	distress	distress	NOUN
cblr-2896	283	24	at	at	ADP
cblr-2896	283	25	both	both	CCONJ
cblr-2896	283	26	the	the	DET
cblr-2896	283	27	firm	firm	ADJ
cblr-2896	283	28	level	level	NOUN
cblr-2896	283	29	and	and	CCONJ
cblr-2896	283	30	the	the	DET
cblr-2896	283	31	financial	financial	ADJ
cblr-2896	283	32	sector	sector	NOUN
cblr-2896	283	33	level	level	NOUN
cblr-2896	283	34	so	so	SCONJ
cblr-2896	283	35	as	as	SCONJ
cblr-2896	283	36	to	to	PART
cblr-2896	283	37	provide	provide	VERB
cblr-2896	283	38	the	the	DET
cblr-2896	283	39	appropriate	appropriate	ADJ
cblr-2896	283	40	trigger	trigger	NOUN
cblr-2896	283	41	points	point	NOUN
cblr-2896	283	42	,	,	PUNCT
cblr-2896	283	43	which	which	PRON
cblr-2896	283	44	should	should	AUX
cblr-2896	283	45	be	be	AUX
cblr-2896	283	46	set	set	VERB
cblr-2896	283	47	well	well	ADV
cblr-2896	283	48	in	in	ADP
cblr-2896	283	49	advance	advance	NOUN
cblr-2896	283	50	of	of	ADP
cblr-2896	283	51	financial	financial	ADJ
cblr-2896	283	52	firm	firm	ADJ
cblr-2896	283	53	insolvency	insolvency	NOUN
cblr-2896	283	54	.	.	PUNCT
cblr-2896	284	1	the	the	DET
cblr-2896	284	2	recent	recent	ADJ
cblr-2896	284	3	period	period	NOUN
cblr-2896	284	4	has	have	AUX
cblr-2896	284	5	also	also	ADV
cblr-2896	284	6	provided	provide	VERB
cblr-2896	284	7	data	datum	NOUN
cblr-2896	284	8	to	to	PART
cblr-2896	284	9	calibrate	calibrate	VERB
cblr-2896	284	10	an	an	DET
cblr-2896	284	11	appropriate	appropriate	ADJ
cblr-2896	284	12	conversion	conversion	NOUN
cblr-2896	284	13	algorithm	algorithm	NOUN
cblr-2896	284	14	.	.	PUNCT
cblr-2896	285	1	31	31	NUM
cblr-2896	286	1	the	the	DET
cblr-2896	286	2	goal	goal	NOUN
cblr-2896	286	3	is	be	AUX
cblr-2896	286	4	30	30	NUM
cblr-2896	286	5	see	see	VERB
cblr-2896	286	6	generally	generally	ADV
cblr-2896	286	7	sudhakar	sudhakar	PROPN
cblr-2896	286	8	balachandran	balachandran	PROPN
cblr-2896	286	9	,	,	PUNCT
cblr-2896	286	10	bruce	bruce	PROPN
cblr-2896	286	11	kogut	kogut	PROPN
cblr-2896	286	12	&	&	CCONJ
cblr-2896	286	13	hitesh	hitesh	PROPN
cblr-2896	286	14	harnal	harnal	PROPN
cblr-2896	286	15	,	,	PUNCT
cblr-2896	286	16	the	the	DET
cblr-2896	286	17	probability	probability	NOUN
cblr-2896	286	18	of	of	ADP
cblr-2896	286	19	default	default	NOUN
cblr-2896	286	20	,	,	PUNCT
cblr-2896	286	21	excessive	excessive	ADJ
cblr-2896	286	22	risk	risk	NOUN
cblr-2896	286	23	,	,	PUNCT
cblr-2896	286	24	and	and	CCONJ
cblr-2896	286	25	executive	executive	ADJ
cblr-2896	286	26	compensation	compensation	NOUN
cblr-2896	286	27	:	:	PUNCT
cblr-2896	286	28	a	a	DET
cblr-2896	286	29	study	study	NOUN
cblr-2896	286	30	of	of	ADP
cblr-2896	286	31	financial	financial	ADJ
cblr-2896	286	32	services	service	NOUN
cblr-2896	286	33	firms	firm	NOUN
cblr-2896	286	34	from	from	ADP
cblr-2896	286	35	1995	1995	NUM
cblr-2896	286	36	to	to	ADP
cblr-2896	286	37	2008	2008	NUM
cblr-2896	286	38	(	(	PUNCT
cblr-2896	286	39	columbia	columbia	NOUN
cblr-2896	286	40	bus	bus	NOUN
cblr-2896	286	41	.	.	PUNCT
cblr-2896	287	1	sch	sch	PROPN
cblr-2896	287	2	.	.	PUNCT
cblr-2896	287	3	research	research	NOUN
cblr-2896	287	4	paper	paper	NOUN
cblr-2896	287	5	,	,	PUNCT
cblr-2896	287	6	2010	2010	NUM
cblr-2896	287	7	)	)	PUNCT
cblr-2896	287	8	,	,	PUNCT
cblr-2896	287	9	available	available	ADJ
cblr-2896	287	10	at	at	ADP
cblr-2896	287	11	http://ssrn.com/	http://ssrn.com/	PROPN
cblr-2896	287	12	abstract=1914542	abstract=1914542	PROPN
cblr-2896	287	13	.	.	PROPN
cblr-2896	288	1	31	31	NUM
cblr-2896	288	2	convertible	convertible	ADJ
cblr-2896	288	3	equity	equity	NOUN
cblr-2896	288	4	-	-	PUNCT
cblr-2896	288	5	based	base	VERB
cblr-2896	288	6	pay	pay	NOUN
cblr-2896	288	7	bears	bear	VERB
cblr-2896	288	8	a	a	DET
cblr-2896	288	9	family	family	NOUN
cblr-2896	288	10	resemblance	resemblance	NOUN
cblr-2896	288	11	to	to	ADP
cblr-2896	288	12	"	"	PUNCT
cblr-2896	288	13	contingent	contingent	VERB
cblr-2896	288	14	convertible	convertible	ADJ
cblr-2896	288	15	bonds	bond	NOUN
cblr-2896	288	16	"	"	PUNCT
cblr-2896	288	17	that	that	PRON
cblr-2896	288	18	have	have	AUX
cblr-2896	288	19	been	be	AUX
cblr-2896	288	20	proposed	propose	VERB
cblr-2896	288	21	as	as	ADP
cblr-2896	288	22	a	a	DET
cblr-2896	288	23	new	new	ADJ
cblr-2896	288	24	element	element	NOUN
cblr-2896	288	25	[	[	X
cblr-2896	288	26	vol	vol	NOUN
cblr-2896	288	27	.	.	PUNCT
cblr-2896	288	28	2012854	2012854	NUM
cblr-2896	288	29	col	col	PROPN
cblr-2896	288	30	umbia	umbia	PROPN
cblr-2896	288	31	b	b	PROPN
cblr-2896	289	1	usiness	usiness	PROPN
cblr-2896	289	2	la	la	PROPN
cblr-2896	289	3	w	w	PROPN
cblr-2896	289	4	re	re	PROPN
cblr-2896	289	5	vie	vie	PROPN
cblr-2896	289	6	w	w	PROPN
cblr-2896	289	7	no	no	PROPN
cblr-2896	289	8	.	.	PUNCT
cblr-2896	290	1	3:834	3:834	NUM
cblr-2896	290	2	]	]	X
cblr-2896	290	3	the	the	DET
cblr-2896	290	4	case	case	NOUN
cblr-2896	290	5	for	for	ADP
cblr-2896	290	6	convertible	convertible	ADJ
cblr-2896	290	7	equity	equity	NOUN
cblr-2896	290	8	-	-	PUNCT
cblr-2896	290	9	based	base	VERB
cblr-2896	290	10	pay	pay	NOUN
cblr-2896	290	11	to	to	PART
cblr-2896	290	12	avoid	avoid	VERB
cblr-2896	290	13	the	the	DET
cblr-2896	290	14	need	need	NOUN
cblr-2896	290	15	to	to	PART
cblr-2896	290	16	use	use	VERB
cblr-2896	290	17	resolution	resolution	NOUN
cblr-2896	290	18	authority	authority	NOUN
cblr-2896	290	19	,	,	PUNCT
cblr-2896	290	20	which	which	PRON
cblr-2896	290	21	could	could	AUX
cblr-2896	290	22	accelerate	accelerate	VERB
cblr-2896	290	23	financial	financial	ADJ
cblr-2896	290	24	sector	sector	NOUN
cblr-2896	290	25	distress.3	distress.3	ADV
cblr-2896	290	26	2	2	NUM
cblr-2896	290	27	this	this	DET
cblr-2896	290	28	approach	approach	NOUN
cblr-2896	290	29	has	have	VERB
cblr-2896	290	30	four	four	NUM
cblr-2896	290	31	particular	particular	ADJ
cblr-2896	290	32	advantages	advantage	NOUN
cblr-2896	290	33	.	.	PUNCT
cblr-2896	291	1	first	first	ADV
cblr-2896	291	2	,	,	PUNCT
cblr-2896	291	3	it	it	PRON
cblr-2896	291	4	will	will	AUX
cblr-2896	291	5	give	give	VERB
cblr-2896	291	6	senior	senior	ADJ
cblr-2896	291	7	managers	manager	NOUN
cblr-2896	291	8	incentives	incentive	VERB
cblr-2896	291	9	to	to	PART
cblr-2896	291	10	avoid	avoid	VERB
cblr-2896	291	11	risky	risky	ADJ
cblr-2896	291	12	strategies	strategy	NOUN
cblr-2896	291	13	.	.	PUNCT
cblr-2896	292	1	the	the	DET
cblr-2896	292	2	financial	financial	ADJ
cblr-2896	292	3	crisis	crisis	NOUN
cblr-2896	292	4	demonstrated	demonstrate	VERB
cblr-2896	292	5	that	that	SCONJ
cblr-2896	292	6	stock	stock	NOUN
cblr-2896	292	7	prices	price	NOUN
cblr-2896	292	8	of	of	ADP
cblr-2896	292	9	financial	financial	ADJ
cblr-2896	292	10	firms	firm	NOUN
cblr-2896	292	11	respond	respond	VERB
cblr-2896	292	12	to	to	ADP
cblr-2896	292	13	shareholders	shareholder	NOUN
cblr-2896	292	14	'	'	PART
cblr-2896	292	15	perceptions	perception	NOUN
cblr-2896	292	16	of	of	ADP
cblr-2896	292	17	financial	financial	ADJ
cblr-2896	292	18	distress	distress	NOUN
cblr-2896	292	19	,	,	PUNCT
cblr-2896	292	20	not	not	PART
cblr-2896	292	21	just	just	ADV
cblr-2896	292	22	because	because	SCONJ
cblr-2896	292	23	of	of	ADP
cblr-2896	292	24	the	the	DET
cblr-2896	292	25	risk	risk	NOUN
cblr-2896	292	26	of	of	ADP
cblr-2896	292	27	the	the	DET
cblr-2896	292	28	firm	firm	NOUN
cblr-2896	292	29	's	's	PART
cblr-2896	292	30	insolvency	insolvency	NOUN
cblr-2896	292	31	,	,	PUNCT
cblr-2896	292	32	but	but	CCONJ
cblr-2896	292	33	because	because	SCONJ
cblr-2896	292	34	of	of	ADP
cblr-2896	292	35	the	the	DET
cblr-2896	292	36	more	more	ADV
cblr-2896	292	37	common	common	ADJ
cblr-2896	292	38	dilution	dilution	NOUN
cblr-2896	292	39	risk	risk	NOUN
cblr-2896	292	40	from	from	ADP
cblr-2896	292	41	additional	additional	ADJ
cblr-2896	292	42	equity	equity	NOUN
cblr-2896	292	43	issuances	issuance	NOUN
cblr-2896	292	44	to	to	PART
cblr-2896	292	45	stabilize	stabilize	VERB
cblr-2896	292	46	the	the	DET
cblr-2896	292	47	firm	firm	NOUN
cblr-2896	292	48	.	.	PUNCT
cblr-2896	293	1	requiring	require	VERB
cblr-2896	293	2	managers	manager	NOUN
cblr-2896	293	3	to	to	PART
cblr-2896	293	4	register	register	VERB
cblr-2896	293	5	an	an	DET
cblr-2896	293	6	equity	equity	NOUN
cblr-2896	293	7	conversion	conversion	NOUN
cblr-2896	293	8	plus	plus	CCONJ
cblr-2896	293	9	haircut	haircut	NOUN
cblr-2896	293	10	because	because	SCONJ
cblr-2896	293	11	of	of	ADP
cblr-2896	293	12	a	a	DET
cblr-2896	293	13	stock	stock	NOUN
cblr-2896	293	14	price	price	NOUN
cblr-2896	293	15	decline	decline	NOUN
cblr-2896	293	16	(	(	PUNCT
cblr-2896	293	17	or	or	CCONJ
cblr-2896	293	18	a	a	DET
cblr-2896	293	19	regulator	regulator	NOUN
cblr-2896	293	20	's	's	PART
cblr-2896	293	21	downgrade	downgrade	NOUN
cblr-2896	293	22	)	)	PUNCT
cblr-2896	293	23	will	will	AUX
cblr-2896	293	24	create	create	VERB
cblr-2896	293	25	a	a	DET
cblr-2896	293	26	manager	manager	NOUN
cblr-2896	293	27	-	-	PUNCT
cblr-2896	293	28	specific	specific	ADJ
cblr-2896	293	29	dilution	dilution	NOUN
cblr-2896	293	30	risk	risk	NOUN
cblr-2896	293	31	that	that	SCONJ
cblr-2896	293	32	in	in	ADP
cblr-2896	293	33	financial	financial	ADJ
cblr-2896	293	34	firms	firm	NOUN
cblr-2896	293	35	'	'	PART
cblr-2896	293	36	capital	capital	NOUN
cblr-2896	293	37	structure	structure	NOUN
cblr-2896	293	38	.	.	PUNCT
cblr-2896	294	1	among	among	ADP
cblr-2896	294	2	other	other	ADJ
cblr-2896	294	3	features	feature	NOUN
cblr-2896	294	4	,	,	PUNCT
cblr-2896	294	5	so	so	ADV
cblr-2896	294	6	-	-	PUNCT
cblr-2896	294	7	called	call	VERB
cblr-2896	294	8	"	"	PUNCT
cblr-2896	294	9	coco	coco	PROPN
cblr-2896	294	10	's	's	PART
cblr-2896	294	11	"	"	PUNCT
cblr-2896	294	12	promote	promote	VERB
cblr-2896	294	13	shareholder	shareholder	NOUN
cblr-2896	294	14	monitoring	monitoring	NOUN
cblr-2896	294	15	of	of	ADP
cblr-2896	294	16	managerial	managerial	ADJ
cblr-2896	294	17	risk	risk	NOUN
cblr-2896	294	18	-	-	PUNCT
cblr-2896	294	19	taking	taking	NOUN
cblr-2896	294	20	by	by	ADP
cblr-2896	294	21	providing	provide	VERB
cblr-2896	294	22	a	a	DET
cblr-2896	294	23	credible	credible	ADJ
cblr-2896	294	24	threat	threat	NOUN
cblr-2896	294	25	of	of	ADP
cblr-2896	294	26	dilution	dilution	NOUN
cblr-2896	294	27	in	in	ADP
cblr-2896	294	28	the	the	DET
cblr-2896	294	29	event	event	NOUN
cblr-2896	294	30	of	of	ADP
cblr-2896	294	31	financial	financial	ADJ
cblr-2896	294	32	distress	distress	NOUN
cblr-2896	294	33	,	,	PUNCT
cblr-2896	294	34	because	because	SCONJ
cblr-2896	294	35	of	of	ADP
cblr-2896	294	36	the	the	DET
cblr-2896	294	37	automatic	automatic	ADJ
cblr-2896	294	38	conversion	conversion	NOUN
cblr-2896	294	39	of	of	ADP
cblr-2896	294	40	a	a	DET
cblr-2896	294	41	significant	significant	ADJ
cblr-2896	294	42	amount	amount	NOUN
cblr-2896	294	43	of	of	ADP
cblr-2896	294	44	debt	debt	NOUN
cblr-2896	294	45	into	into	ADP
cblr-2896	294	46	equity	equity	NOUN
cblr-2896	294	47	.	.	PUNCT
cblr-2896	295	1	assuming	assume	VERB
cblr-2896	295	2	that	that	SCONJ
cblr-2896	295	3	anti	anti	ADJ
cblr-2896	295	4	-	-	ADJ
cblr-2896	295	5	dilution	dilution	ADJ
cblr-2896	295	6	protection	protection	NOUN
cblr-2896	295	7	is	be	AUX
cblr-2896	295	8	scrubbed	scrub	VERB
cblr-2896	295	9	out	out	ADP
cblr-2896	295	10	of	of	ADP
cblr-2896	295	11	managerial	managerial	ADJ
cblr-2896	295	12	compensation	compensation	NOUN
cblr-2896	295	13	contracts	contract	NOUN
cblr-2896	295	14	,	,	PUNCT
cblr-2896	295	15	the	the	DET
cblr-2896	295	16	dilution	dilution	NOUN
cblr-2896	295	17	threat	threat	NOUN
cblr-2896	295	18	from	from	ADP
cblr-2896	295	19	co	co	NOUN
cblr-2896	295	20	-	-	NOUN
cblr-2896	295	21	co	co	NOUN
cblr-2896	295	22	's	's	PART
cblr-2896	295	23	should	should	AUX
cblr-2896	295	24	also	also	ADV
cblr-2896	295	25	directly	directly	ADV
cblr-2896	295	26	affect	affect	VERB
cblr-2896	295	27	management	management	NOUN
cblr-2896	295	28	behavior	behavior	NOUN
cblr-2896	295	29	.	.	PUNCT
cblr-2896	296	1	however	however	ADV
cblr-2896	296	2	,	,	PUNCT
cblr-2896	296	3	because	because	SCONJ
cblr-2896	296	4	co	co	VERB
cblr-2896	296	5	-	-	VERB
cblr-2896	296	6	co	co	NOUN
cblr-2896	296	7	's	's	PART
cblr-2896	296	8	are	be	AUX
cblr-2896	296	9	addressed	address	VERB
cblr-2896	296	10	to	to	ADP
cblr-2896	296	11	the	the	DET
cblr-2896	296	12	entire	entire	ADJ
cblr-2896	296	13	equity	equity	NOUN
cblr-2896	296	14	base	base	NOUN
cblr-2896	296	15	,	,	PUNCT
cblr-2896	296	16	the	the	DET
cblr-2896	296	17	extent	extent	NOUN
cblr-2896	296	18	of	of	ADP
cblr-2896	296	19	dilution	dilution	NOUN
cblr-2896	296	20	,	,	PUNCT
cblr-2896	296	21	and	and	CCONJ
cblr-2896	296	22	thus	thus	ADV
cblr-2896	296	23	the	the	DET
cblr-2896	296	24	effect	effect	NOUN
cblr-2896	296	25	on	on	ADP
cblr-2896	296	26	managers	manager	NOUN
cblr-2896	296	27	,	,	PUNCT
cblr-2896	296	28	will	will	AUX
cblr-2896	296	29	be	be	AUX
cblr-2896	296	30	less	less	ADJ
cblr-2896	296	31	than	than	ADP
cblr-2896	296	32	for	for	ADP
cblr-2896	296	33	convertible	convertible	ADJ
cblr-2896	296	34	equity	equity	NOUN
cblr-2896	296	35	-	-	PUNCT
cblr-2896	296	36	based	base	VERB
cblr-2896	296	37	pay	pay	NOUN
cblr-2896	296	38	.	.	PUNCT
cblr-2896	297	1	as	as	ADP
cblr-2896	297	2	a	a	DET
cblr-2896	297	3	practical	practical	ADJ
cblr-2896	297	4	matter	matter	NOUN
cblr-2896	297	5	,	,	PUNCT
cblr-2896	297	6	it	it	PRON
cblr-2896	297	7	may	may	AUX
cblr-2896	297	8	be	be	AUX
cblr-2896	297	9	easier	easy	ADJ
cblr-2896	297	10	to	to	PART
cblr-2896	297	11	adopt	adopt	VERB
cblr-2896	297	12	an	an	DET
cblr-2896	297	13	approach	approach	NOUN
cblr-2896	297	14	that	that	PRON
cblr-2896	297	15	is	be	AUX
cblr-2896	297	16	targeted	target	VERB
cblr-2896	297	17	at	at	ADP
cblr-2896	297	18	only	only	ADV
cblr-2896	297	19	managerial	managerial	ADJ
cblr-2896	297	20	conduct	conduct	NOUN
cblr-2896	297	21	rather	rather	ADV
cblr-2896	297	22	than	than	ADP
cblr-2896	297	23	an	an	DET
cblr-2896	297	24	approach	approach	NOUN
cblr-2896	297	25	that	that	PRON
cblr-2896	297	26	is	be	AUX
cblr-2896	297	27	a	a	DET
cblr-2896	297	28	new	new	ADJ
cblr-2896	297	29	mandatory	mandatory	ADJ
cblr-2896	297	30	feature	feature	NOUN
cblr-2896	297	31	of	of	ADP
cblr-2896	297	32	the	the	DET
cblr-2896	297	33	financial	financial	ADJ
cblr-2896	297	34	firm	firm	NOUN
cblr-2896	297	35	balance	balance	NOUN
cblr-2896	297	36	sheet	sheet	NOUN
cblr-2896	297	37	that	that	PRON
cblr-2896	297	38	also	also	ADV
cblr-2896	297	39	aims	aim	VERB
cblr-2896	297	40	to	to	PART
cblr-2896	297	41	provide	provide	VERB
cblr-2896	297	42	a	a	DET
cblr-2896	297	43	guaranteed	guarantee	VERB
cblr-2896	297	44	source	source	NOUN
cblr-2896	297	45	of	of	ADP
cblr-2896	297	46	new	new	ADJ
cblr-2896	297	47	equity	equity	NOUN
cblr-2896	297	48	to	to	PART
cblr-2896	297	49	cover	cover	VERB
cblr-2896	297	50	prior	prior	ADJ
cblr-2896	297	51	capital	capital	NOUN
cblr-2896	297	52	losses	loss	NOUN
cblr-2896	297	53	.	.	PUNCT
cblr-2896	298	1	also	also	ADV
cblr-2896	298	2	,	,	PUNCT
cblr-2896	298	3	co	co	ADJ
cblr-2896	298	4	-	-	NOUN
cblr-2896	298	5	co	co	NOUN
cblr-2896	298	6	's	's	PART
cblr-2896	298	7	do	do	AUX
cblr-2896	298	8	not	not	PART
cblr-2896	298	9	address	address	VERB
cblr-2896	298	10	the	the	DET
cblr-2896	298	11	perverse	perverse	ADJ
cblr-2896	298	12	incentives	incentive	NOUN
cblr-2896	298	13	of	of	ADP
cblr-2896	298	14	ceos	ceos	NOUN
cblr-2896	298	15	to	to	PART
cblr-2896	298	16	resist	resist	VERB
cblr-2896	298	17	equity	equity	NOUN
cblr-2896	298	18	raises	raise	NOUN
cblr-2896	298	19	,	,	PUNCT
cblr-2896	298	20	known	know	VERB
cblr-2896	298	21	as	as	ADP
cblr-2896	298	22	the	the	DET
cblr-2896	298	23	"	"	PUNCT
cblr-2896	298	24	fuld	fuld	PROPN
cblr-2896	298	25	problem	problem	NOUN
cblr-2896	298	26	.	.	PUNCT
cblr-2896	298	27	"	"	PUNCT
cblr-2896	299	1	32	32	NUM
cblr-2896	299	2	see	see	VERB
cblr-2896	299	3	gordon	gordon	PROPN
cblr-2896	299	4	&	&	CCONJ
cblr-2896	299	5	muller	muller	PROPN
cblr-2896	299	6	,	,	PUNCT
cblr-2896	299	7	supra	supra	PROPN
cblr-2896	299	8	note	note	PROPN
cblr-2896	299	9	5	5	NUM
cblr-2896	299	10	,	,	PUNCT
cblr-2896	299	11	at	at	ADP
cblr-2896	299	12	180	180	NUM
cblr-2896	299	13	.	.	PUNCT
cblr-2896	300	1	the	the	DET
cblr-2896	300	2	design	design	NOUN
cblr-2896	300	3	problem	problem	NOUN
cblr-2896	300	4	is	be	AUX
cblr-2896	300	5	similar	similar	ADJ
cblr-2896	300	6	to	to	ADP
cblr-2896	300	7	the	the	DET
cblr-2896	300	8	challenge	challenge	NOUN
cblr-2896	300	9	in	in	ADP
cblr-2896	300	10	fashioning	fashion	VERB
cblr-2896	300	11	an	an	DET
cblr-2896	300	12	effective	effective	ADJ
cblr-2896	300	13	contingent	contingent	ADJ
cblr-2896	300	14	capital	capital	NOUN
cblr-2896	300	15	instrument	instrument	NOUN
cblr-2896	300	16	,	,	PUNCT
cblr-2896	300	17	which	which	PRON
cblr-2896	300	18	contemplates	contemplate	VERB
cblr-2896	300	19	conversion	conversion	NOUN
cblr-2896	300	20	of	of	ADP
cblr-2896	300	21	debt	debt	NOUN
cblr-2896	300	22	to	to	ADP
cblr-2896	300	23	equity	equity	NOUN
cblr-2896	300	24	at	at	ADP
cblr-2896	300	25	critical	critical	ADJ
cblr-2896	300	26	points	point	NOUN
cblr-2896	300	27	in	in	ADP
cblr-2896	300	28	the	the	DET
cblr-2896	300	29	evolution	evolution	NOUN
cblr-2896	300	30	of	of	ADP
cblr-2896	300	31	financial	financial	ADJ
cblr-2896	300	32	distress	distress	NOUN
cblr-2896	300	33	so	so	SCONJ
cblr-2896	300	34	as	as	SCONJ
cblr-2896	300	35	to	to	PART
cblr-2896	300	36	avert	avert	VERB
cblr-2896	300	37	the	the	DET
cblr-2896	300	38	failure	failure	NOUN
cblr-2896	300	39	of	of	ADP
cblr-2896	300	40	a	a	DET
cblr-2896	300	41	systemically	systemically	ADV
cblr-2896	300	42	important	important	ADJ
cblr-2896	300	43	financial	financial	ADJ
cblr-2896	300	44	firm	firm	NOUN
cblr-2896	300	45	.	.	PUNCT
cblr-2896	301	1	one	one	NUM
cblr-2896	301	2	such	such	ADJ
cblr-2896	301	3	proposal	proposal	NOUN
cblr-2896	301	4	seeks	seek	VERB
cblr-2896	301	5	to	to	PART
cblr-2896	301	6	provide	provide	VERB
cblr-2896	301	7	"	"	PUNCT
cblr-2896	301	8	strong	strong	ADJ
cblr-2896	301	9	incentives	incentive	NOUN
cblr-2896	301	10	for	for	ADP
cblr-2896	301	11	the	the	DET
cblr-2896	301	12	prompt	prompt	ADJ
cblr-2896	301	13	recapitalization	recapitalization	NOUN
cblr-2896	301	14	of	of	ADP
cblr-2896	301	15	banks	bank	NOUN
cblr-2896	301	16	after	after	ADP
cblr-2896	301	17	significant	significant	ADJ
cblr-2896	301	18	losses	loss	NOUN
cblr-2896	301	19	of	of	ADP
cblr-2896	301	20	equity	equity	NOUN
cblr-2896	301	21	but	but	CCONJ
cblr-2896	301	22	before	before	SCONJ
cblr-2896	301	23	the	the	DET
cblr-2896	301	24	bank	bank	NOUN
cblr-2896	301	25	has	have	AUX
cblr-2896	301	26	run	run	VERB
cblr-2896	301	27	out	out	ADP
cblr-2896	301	28	of	of	ADP
cblr-2896	301	29	options	option	NOUN
cblr-2896	301	30	to	to	PART
cblr-2896	301	31	access	access	VERB
cblr-2896	301	32	the	the	DET
cblr-2896	301	33	equity	equity	NOUN
cblr-2896	301	34	market	market	NOUN
cblr-2896	301	35	.	.	PUNCT
cblr-2896	301	36	"	"	PUNCT
cblr-2896	302	1	richard	richard	PROPN
cblr-2896	302	2	j.	j.	PROPN
cblr-2896	302	3	herring	herring	PROPN
cblr-2896	302	4	&	&	CCONJ
cblr-2896	302	5	charles	charles	PROPN
cblr-2896	302	6	w.	w.	PROPN
cblr-2896	302	7	calomiris	calomiris	PROPN
cblr-2896	302	8	,	,	PUNCT
cblr-2896	302	9	why	why	SCONJ
cblr-2896	302	10	and	and	CCONJ
cblr-2896	302	11	how	how	SCONJ
cblr-2896	302	12	to	to	PART
cblr-2896	302	13	design	design	VERB
cblr-2896	302	14	a	a	DET
cblr-2896	302	15	contingent	contingent	ADJ
cblr-2896	302	16	convertible	convertible	ADJ
cblr-2896	302	17	debt	debt	NOUN
cblr-2896	302	18	requirement	requirement	NOUN
cblr-2896	302	19	1	1	NUM
cblr-2896	302	20	(	(	PUNCT
cblr-2896	302	21	apr	apr	PROPN
cblr-2896	302	22	.	.	PROPN
cblr-2896	302	23	19	19	NUM
cblr-2896	302	24	,	,	PUNCT
cblr-2896	302	25	2011	2011	NUM
cblr-2896	302	26	)	)	PUNCT
cblr-2896	302	27	(	(	PUNCT
cblr-2896	302	28	unpublished	unpublished	ADJ
cblr-2896	302	29	manuscript	manuscript	NOUN
cblr-2896	302	30	)	)	PUNCT
cblr-2896	302	31	,	,	PUNCT
cblr-2896	302	32	available	available	ADJ
cblr-2896	302	33	at	at	ADP
cblr-2896	302	34	wwwl.gsb.columbia.edul	wwwl.gsb.columbia.edul	X
cblr-2896	302	35	mygsb	mygsb	NOUN
cblr-2896	302	36	/	/	SYM
cblr-2896	302	37	faculty	faculty	NOUN
cblr-2896	302	38	/	/	SYM
cblr-2896	302	39	researchlpubfiles/5631	researchlpubfiles/5631	NOUN
cblr-2896	302	40	/	/	SYM
cblr-2896	302	41	contingent_convertible	contingent_convertible	ADJ
cblr-2896	302	42	debt.pdf	debt.pdf	NOUN
cblr-2896	302	43	.	.	PUNCT
cblr-2896	303	1	convertible	convertible	ADJ
cblr-2896	303	2	equity	equity	NOUN
cblr-2896	303	3	-	-	PUNCT
cblr-2896	303	4	based	base	VERB
cblr-2896	303	5	pay	pay	NOUN
cblr-2896	303	6	is	be	AUX
cblr-2896	303	7	in	in	ADP
cblr-2896	303	8	the	the	DET
cblr-2896	303	9	spirit	spirit	NOUN
cblr-2896	303	10	of	of	ADP
cblr-2896	303	11	such	such	ADJ
cblr-2896	303	12	proposals	proposal	NOUN
cblr-2896	303	13	.	.	PUNCT
cblr-2896	304	1	the	the	DET
cblr-2896	304	2	compensation	compensation	NOUN
cblr-2896	304	3	conversion	conversion	NOUN
cblr-2896	304	4	mechanism	mechanism	NOUN
cblr-2896	304	5	is	be	AUX
cblr-2896	304	6	designed	design	VERB
cblr-2896	304	7	to	to	PART
cblr-2896	304	8	produce	produce	VERB
cblr-2896	304	9	incentives	incentive	NOUN
cblr-2896	304	10	for	for	ADP
cblr-2896	304	11	a	a	DET
cblr-2896	304	12	recapitalization	recapitalization	NOUN
cblr-2896	304	13	before	before	ADP
cblr-2896	304	14	the	the	DET
cblr-2896	304	15	onset	onset	NOUN
cblr-2896	304	16	of	of	ADP
cblr-2896	304	17	severe	severe	ADJ
cblr-2896	304	18	financial	financial	ADJ
cblr-2896	304	19	distress	distress	NOUN
cblr-2896	304	20	,	,	PUNCT
cblr-2896	304	21	operating	operate	VERB
cblr-2896	304	22	directly	directly	ADV
cblr-2896	304	23	through	through	ADP
cblr-2896	304	24	the	the	DET
cblr-2896	304	25	managerial	managerial	ADJ
cblr-2896	304	26	incentives	incentive	NOUN
cblr-2896	304	27	channel	channel	PROPN
cblr-2896	304	28	.	.	PUNCT
cblr-2896	305	1	855	855	NUM
cblr-2896	305	2	columbia	columbia	PROPN
cblr-2896	305	3	business	business	NOUN
cblr-2896	305	4	law	law	PROPN
cblr-2896	305	5	review	review	NOUN
cblr-2896	305	6	will	will	AUX
cblr-2896	305	7	change	change	VERB
cblr-2896	305	8	managerial	managerial	ADJ
cblr-2896	305	9	behavior	behavior	NOUN
cblr-2896	305	10	.	.	PUNCT
cblr-2896	306	1	rather	rather	ADV
cblr-2896	306	2	than	than	ADP
cblr-2896	306	3	alter	alter	VERB
cblr-2896	306	4	the	the	DET
cblr-2896	306	5	general	general	ADJ
cblr-2896	306	6	managerial	managerial	ADJ
cblr-2896	306	7	charge	charge	NOUN
cblr-2896	306	8	to	to	PART
cblr-2896	306	9	act	act	VERB
cblr-2896	306	10	on	on	ADP
cblr-2896	306	11	behalf	behalf	NOUN
cblr-2896	306	12	of	of	ADP
cblr-2896	306	13	shareholders	shareholder	NOUN
cblr-2896	306	14	or	or	CCONJ
cblr-2896	306	15	attempt	attempt	VERB
cblr-2896	306	16	to	to	PART
cblr-2896	306	17	refigure	refigure	VERB
cblr-2896	306	18	a	a	DET
cblr-2896	306	19	new	new	ADJ
cblr-2896	306	20	maxim	maxim	NOUN
cblr-2896	306	21	and	and	CCONJ
cblr-2896	306	22	enterprise	enterprise	NOUN
cblr-2896	306	23	value	value	NOUN
cblr-2896	306	24	,	,	PUNCT
cblr-2896	306	25	this	this	DET
cblr-2896	306	26	mechanism	mechanism	NOUN
cblr-2896	306	27	is	be	AUX
cblr-2896	306	28	tailored	tailor	VERB
cblr-2896	306	29	to	to	PART
cblr-2896	306	30	give	give	VERB
cblr-2896	306	31	managers	manager	NOUN
cblr-2896	306	32	special	special	ADJ
cblr-2896	306	33	incentives	incentive	NOUN
cblr-2896	306	34	to	to	PART
cblr-2896	306	35	avoid	avoid	VERB
cblr-2896	306	36	financial	financial	ADJ
cblr-2896	306	37	distress	distress	NOUN
cblr-2896	306	38	.	.	PUNCT
cblr-2896	307	1	in	in	ADP
cblr-2896	307	2	other	other	ADJ
cblr-2896	307	3	words	word	NOUN
cblr-2896	307	4	,	,	PUNCT
cblr-2896	307	5	the	the	DET
cblr-2896	307	6	mechanism	mechanism	NOUN
cblr-2896	307	7	will	will	AUX
cblr-2896	307	8	curb	curb	VERB
cblr-2896	307	9	"	"	PUNCT
cblr-2896	307	10	excessive	excessive	ADJ
cblr-2896	307	11	"	"	PUNCT
cblr-2896	307	12	risk	risk	NOUN
cblr-2896	307	13	-	-	PUNCT
cblr-2896	307	14	taking	taking	NOUN
cblr-2896	307	15	from	from	ADP
cblr-2896	307	16	the	the	DET
cblr-2896	307	17	social	social	ADJ
cblr-2896	307	18	perspective	perspective	NOUN
cblr-2896	307	19	but	but	CCONJ
cblr-2896	307	20	leave	leave	VERB
cblr-2896	307	21	in	in	ADP
cblr-2896	307	22	place	place	NOUN
cblr-2896	307	23	incentives	incentive	NOUN
cblr-2896	307	24	for	for	ADP
cblr-2896	307	25	risk	risk	NOUN
cblr-2896	307	26	-	-	PUNCT
cblr-2896	307	27	taking	taking	NOUN
cblr-2896	307	28	that	that	PRON
cblr-2896	307	29	are	be	AUX
cblr-2896	307	30	closer	close	ADJ
cblr-2896	307	31	to	to	ADP
cblr-2896	307	32	optimal.33	optimal.33	PROPN
cblr-2896	307	33	second	second	ADJ
cblr-2896	307	34	,	,	PUNCT
cblr-2896	307	35	convertible	convertible	ADJ
cblr-2896	307	36	equity	equity	NOUN
cblr-2896	307	37	-	-	PUNCT
cblr-2896	307	38	based	base	VERB
cblr-2896	307	39	pay	pay	NOUN
cblr-2896	307	40	avoids	avoid	VERB
cblr-2896	307	41	the	the	DET
cblr-2896	307	42	fuld	fuld	PROPN
cblr-2896	307	43	problem	problem	NOUN
cblr-2896	307	44	.	.	PUNCT
cblr-2896	308	1	at	at	ADP
cblr-2896	308	2	the	the	DET
cblr-2896	308	3	point	point	NOUN
cblr-2896	308	4	at	at	ADP
cblr-2896	308	5	which	which	PRON
cblr-2896	308	6	the	the	DET
cblr-2896	308	7	firm	firm	NOUN
cblr-2896	308	8	should	should	AUX
cblr-2896	308	9	be	be	AUX
cblr-2896	308	10	negotiating	negotiate	VERB
cblr-2896	308	11	for	for	ADP
cblr-2896	308	12	new	new	ADJ
cblr-2896	308	13	capital	capital	NOUN
cblr-2896	308	14	,	,	PUNCT
cblr-2896	308	15	indeed	indeed	ADV
cblr-2896	308	16	,	,	PUNCT
cblr-2896	308	17	may	may	AUX
cblr-2896	308	18	even	even	ADV
cblr-2896	308	19	come	come	VERB
cblr-2896	308	20	under	under	ADP
cblr-2896	308	21	regulatory	regulatory	ADJ
cblr-2896	308	22	pressure	pressure	NOUN
cblr-2896	308	23	to	to	PART
cblr-2896	308	24	raise	raise	VERB
cblr-2896	308	25	new	new	ADJ
cblr-2896	308	26	capital	capital	NOUN
cblr-2896	308	27	,	,	PUNCT
cblr-2896	308	28	the	the	DET
cblr-2896	308	29	ceo	ceo	NOUN
cblr-2896	308	30	's	's	PART
cblr-2896	308	31	incentives	incentive	NOUN
cblr-2896	308	32	switch	switch	VERB
cblr-2896	308	33	dramatically	dramatically	ADV
cblr-2896	308	34	from	from	ADP
cblr-2896	308	35	protecting	protect	VERB
cblr-2896	308	36	the	the	DET
cblr-2896	308	37	shareholder	shareholder	NOUN
cblr-2896	308	38	option	option	NOUN
cblr-2896	308	39	to	to	ADP
cblr-2896	308	40	protecting	protect	VERB
cblr-2896	308	41	the	the	DET
cblr-2896	308	42	creditors	creditor	NOUN
cblr-2896	308	43	.	.	PUNCT
cblr-2896	309	1	by	by	ADP
cblr-2896	309	2	extension	extension	NOUN
cblr-2896	309	3	,	,	PUNCT
cblr-2896	309	4	this	this	PRON
cblr-2896	309	5	will	will	AUX
cblr-2896	309	6	include	include	VERB
cblr-2896	309	7	avoiding	avoid	VERB
cblr-2896	309	8	a	a	DET
cblr-2896	309	9	firm	firm	ADJ
cblr-2896	309	10	failure	failure	NOUN
cblr-2896	309	11	that	that	PRON
cblr-2896	309	12	could	could	AUX
cblr-2896	309	13	trigger	trigger	VERB
cblr-2896	309	14	systemic	systemic	ADJ
cblr-2896	309	15	distress	distress	NOUN
cblr-2896	309	16	.	.	PUNCT
cblr-2896	310	1	because	because	SCONJ
cblr-2896	310	2	the	the	DET
cblr-2896	310	3	equity	equity	NOUN
cblr-2896	310	4	converts	convert	NOUN
cblr-2896	310	5	into	into	ADP
cblr-2896	310	6	subordinated	subordinated	ADJ
cblr-2896	310	7	debt	debt	NOUN
cblr-2896	310	8	,	,	PUNCT
cblr-2896	310	9	the	the	DET
cblr-2896	310	10	senior	senior	ADJ
cblr-2896	310	11	management	management	NOUN
cblr-2896	310	12	wealth	wealth	NOUN
cblr-2896	310	13	tied	tie	VERB
cblr-2896	310	14	up	up	ADP
cblr-2896	310	15	in	in	ADP
cblr-2896	310	16	the	the	DET
cblr-2896	310	17	firm	firm	NOUN
cblr-2896	310	18	becomes	become	VERB
cblr-2896	310	19	a	a	DET
cblr-2896	310	20	debt	debt	NOUN
cblr-2896	310	21	claim	claim	NOUN
cblr-2896	310	22	that	that	PRON
cblr-2896	310	23	is	be	AUX
cblr-2896	310	24	senior	senior	ADJ
cblr-2896	310	25	to	to	ADP
cblr-2896	310	26	shareholder	shareholder	NOUN
cblr-2896	310	27	claims	claim	NOUN
cblr-2896	310	28	.	.	PUNCT
cblr-2896	311	1	in	in	ADP
cblr-2896	311	2	other	other	ADJ
cblr-2896	311	3	words	word	NOUN
cblr-2896	311	4	,	,	PUNCT
cblr-2896	311	5	at	at	ADP
cblr-2896	311	6	this	this	DET
cblr-2896	311	7	important	important	ADJ
cblr-2896	311	8	moment	moment	NOUN
cblr-2896	311	9	in	in	ADP
cblr-2896	311	10	the	the	DET
cblr-2896	311	11	evolution	evolution	NOUN
cblr-2896	311	12	of	of	ADP
cblr-2896	311	13	firm	firm	ADJ
cblr-2896	311	14	-	-	PUNCT
cblr-2896	311	15	specific	specific	ADJ
cblr-2896	311	16	financial	financial	ADJ
cblr-2896	311	17	distress	distress	NOUN
cblr-2896	311	18	,	,	PUNCT
cblr-2896	311	19	management	management	NOUN
cblr-2896	311	20	now	now	ADV
cblr-2896	311	21	has	have	VERB
cblr-2896	311	22	incentives	incentive	NOUN
cblr-2896	311	23	to	to	PART
cblr-2896	311	24	find	find	VERB
cblr-2896	311	25	additional	additional	ADJ
cblr-2896	311	26	capital	capital	NOUN
cblr-2896	311	27	to	to	PART
cblr-2896	311	28	buoy	buoy	VERB
cblr-2896	311	29	the	the	DET
cblr-2896	311	30	firm	firm	NOUN
cblr-2896	311	31	.	.	PUNCT
cblr-2896	312	1	this	this	PRON
cblr-2896	312	2	of	of	ADP
cblr-2896	312	3	course	course	NOUN
cblr-2896	312	4	will	will	AUX
cblr-2896	312	5	protect	protect	VERB
cblr-2896	312	6	the	the	DET
cblr-2896	312	7	creditors	creditor	NOUN
cblr-2896	312	8	and	and	CCONJ
cblr-2896	312	9	dilute	dilute	VERB
cblr-2896	312	10	the	the	DET
cblr-2896	312	11	shareholders	shareholder	NOUN
cblr-2896	312	12	,	,	PUNCT
cblr-2896	312	13	but	but	CCONJ
cblr-2896	312	14	it	it	PRON
cblr-2896	312	15	fits	fit	VERB
cblr-2896	312	16	with	with	ADP
cblr-2896	312	17	the	the	DET
cblr-2896	312	18	program	program	NOUN
cblr-2896	312	19	of	of	ADP
cblr-2896	312	20	minimizing	minimize	VERB
cblr-2896	312	21	systemic	systemic	ADJ
cblr-2896	312	22	distress	distress	NOUN
cblr-2896	312	23	.	.	PUNCT
cblr-2896	313	1	34	34	NUM
cblr-2896	313	2	33	33	NUM
cblr-2896	313	3	this	this	PRON
cblr-2896	313	4	is	be	AUX
cblr-2896	313	5	not	not	PART
cblr-2896	313	6	to	to	PART
cblr-2896	313	7	say	say	VERB
cblr-2896	313	8	that	that	SCONJ
cblr-2896	313	9	convertible	convertible	ADJ
cblr-2896	313	10	equity	equity	NOUN
cblr-2896	313	11	-	-	PUNCT
cblr-2896	313	12	based	base	VERB
cblr-2896	313	13	pay	pay	NOUN
cblr-2896	313	14	is	be	AUX
cblr-2896	313	15	a	a	DET
cblr-2896	313	16	complete	complete	ADJ
cblr-2896	313	17	solution	solution	NOUN
cblr-2896	313	18	-	-	PUNCT
cblr-2896	313	19	even	even	ADV
cblr-2896	313	20	from	from	ADP
cblr-2896	313	21	a	a	DET
cblr-2896	313	22	compensation	compensation	NOUN
cblr-2896	313	23	perspective	perspective	NOUN
cblr-2896	313	24	-	-	PUNCT
cblr-2896	313	25	for	for	ADP
cblr-2896	313	26	the	the	DET
cblr-2896	313	27	problem	problem	NOUN
cblr-2896	313	28	of	of	ADP
cblr-2896	313	29	excessive	excessive	ADJ
cblr-2896	313	30	risk	risk	NOUN
cblr-2896	313	31	-	-	PUNCT
cblr-2896	313	32	taking	taking	NOUN
cblr-2896	313	33	in	in	ADP
cblr-2896	313	34	a	a	DET
cblr-2896	313	35	financial	financial	ADJ
cblr-2896	313	36	firm	firm	NOUN
cblr-2896	313	37	,	,	PUNCT
cblr-2896	313	38	which	which	PRON
cblr-2896	313	39	can	can	AUX
cblr-2896	313	40	manifest	manifest	VERB
cblr-2896	313	41	itself	itself	PRON
cblr-2896	313	42	in	in	ADP
cblr-2896	313	43	a	a	DET
cblr-2896	313	44	range	range	NOUN
cblr-2896	313	45	,	,	PUNCT
cblr-2896	313	46	and	and	CCONJ
cblr-2896	313	47	among	among	ADP
cblr-2896	313	48	employees	employee	NOUN
cblr-2896	313	49	(	(	PUNCT
cblr-2896	313	50	like	like	ADP
cblr-2896	313	51	traders	trader	NOUN
cblr-2896	313	52	)	)	PUNCT
cblr-2896	313	53	who	who	PRON
cblr-2896	313	54	are	be	AUX
cblr-2896	313	55	not	not	PART
cblr-2896	313	56	senior	senior	ADJ
cblr-2896	313	57	managers	manager	NOUN
cblr-2896	313	58	,	,	PUNCT
cblr-2896	313	59	before	before	SCONJ
cblr-2896	313	60	conversion	conversion	NOUN
cblr-2896	313	61	becomes	become	VERB
cblr-2896	313	62	a	a	DET
cblr-2896	313	63	serious	serious	ADJ
cblr-2896	313	64	threat	threat	NOUN
cblr-2896	313	65	.	.	PUNCT
cblr-2896	314	1	a	a	DET
cblr-2896	314	2	variant	variant	NOUN
cblr-2896	314	3	of	of	ADP
cblr-2896	314	4	the	the	DET
cblr-2896	314	5	proposal	proposal	NOUN
cblr-2896	314	6	could	could	AUX
cblr-2896	314	7	possibly	possibly	ADV
cblr-2896	314	8	be	be	AUX
cblr-2896	314	9	employed	employ	VERB
cblr-2896	314	10	for	for	ADP
cblr-2896	314	11	non	non	ADJ
cblr-2896	314	12	-	-	ADJ
cblr-2896	314	13	senior	senior	ADJ
cblr-2896	314	14	managers	manager	NOUN
cblr-2896	314	15	.	.	PUNCT
cblr-2896	315	1	34	34	NUM
cblr-2896	315	2	as	as	SCONJ
cblr-2896	315	3	proposed	propose	VERB
cblr-2896	315	4	,	,	PUNCT
cblr-2896	315	5	this	this	DET
cblr-2896	315	6	convertible	convertible	ADJ
cblr-2896	315	7	equity	equity	NOUN
cblr-2896	315	8	-	-	PUNCT
cblr-2896	315	9	based	base	VERB
cblr-2896	315	10	pay	pay	NOUN
cblr-2896	315	11	calls	call	NOUN
cblr-2896	315	12	for	for	ADP
cblr-2896	315	13	a	a	DET
cblr-2896	315	14	managerial	managerial	ADJ
cblr-2896	315	15	haircut	haircut	NOUN
cblr-2896	315	16	at	at	ADP
cblr-2896	315	17	the	the	DET
cblr-2896	315	18	time	time	NOUN
cblr-2896	315	19	of	of	ADP
cblr-2896	315	20	conversion	conversion	NOUN
cblr-2896	315	21	to	to	PART
cblr-2896	315	22	avoid	avoid	VERB
cblr-2896	315	23	the	the	DET
cblr-2896	315	24	anomaly	anomaly	NOUN
cblr-2896	315	25	of	of	ADP
cblr-2896	315	26	rewarding	reward	VERB
cblr-2896	315	27	managers	manager	NOUN
cblr-2896	315	28	for	for	ADP
cblr-2896	315	29	decision	decision	NOUN
cblr-2896	315	30	making	making	NOUN
cblr-2896	315	31	that	that	PRON
cblr-2896	315	32	threatens	threaten	VERB
cblr-2896	315	33	the	the	DET
cblr-2896	315	34	firm	firm	NOUN
cblr-2896	315	35	with	with	ADP
cblr-2896	315	36	an	an	DET
cblr-2896	315	37	economic	economic	ADJ
cblr-2896	315	38	claim	claim	NOUN
cblr-2896	315	39	superior	superior	ADJ
cblr-2896	315	40	to	to	ADP
cblr-2896	315	41	shareholders	shareholder	NOUN
cblr-2896	315	42	'	'	PUNCT
cblr-2896	315	43	.	.	PUNCT
cblr-2896	316	1	yet	yet	CCONJ
cblr-2896	316	2	the	the	DET
cblr-2896	316	3	haircut	haircut	NOUN
cblr-2896	316	4	should	should	AUX
cblr-2896	316	5	be	be	AUX
cblr-2896	316	6	relatively	relatively	ADV
cblr-2896	316	7	small	small	ADJ
cblr-2896	316	8	to	to	PART
cblr-2896	316	9	avoid	avoid	VERB
cblr-2896	316	10	incentive	incentive	NOUN
cblr-2896	316	11	effects	effect	NOUN
cblr-2896	316	12	for	for	ADP
cblr-2896	316	13	extra	extra	ADJ
cblr-2896	316	14	risk	risk	NOUN
cblr-2896	316	15	-	-	PUNCT
cblr-2896	316	16	taking	taking	NOUN
cblr-2896	316	17	as	as	SCONJ
cblr-2896	316	18	the	the	DET
cblr-2896	316	19	firm	firm	NOUN
cblr-2896	316	20	nears	near	VERB
cblr-2896	316	21	the	the	DET
cblr-2896	316	22	conversion	conversion	NOUN
cblr-2896	316	23	trigger	trigger	NOUN
cblr-2896	316	24	point	point	NOUN
cblr-2896	316	25	.	.	PUNCT
cblr-2896	317	1	otherwise	otherwise	ADV
cblr-2896	317	2	,	,	PUNCT
cblr-2896	317	3	it	it	PRON
cblr-2896	317	4	would	would	AUX
cblr-2896	317	5	undermine	undermine	VERB
cblr-2896	317	6	the	the	DET
cblr-2896	317	7	objective	objective	NOUN
cblr-2896	317	8	of	of	ADP
cblr-2896	317	9	minimizing	minimize	VERB
cblr-2896	317	10	the	the	DET
cblr-2896	317	11	risk	risk	NOUN
cblr-2896	317	12	of	of	ADP
cblr-2896	317	13	firm	firm	ADJ
cblr-2896	317	14	failure	failure	NOUN
cblr-2896	317	15	.	.	PUNCT
cblr-2896	318	1	similarly	similarly	ADV
cblr-2896	318	2	,	,	PUNCT
cblr-2896	318	3	while	while	SCONJ
cblr-2896	318	4	it	it	PRON
cblr-2896	318	5	may	may	AUX
cblr-2896	318	6	be	be	AUX
cblr-2896	318	7	desirable	desirable	ADJ
cblr-2896	318	8	to	to	PART
cblr-2896	318	9	provide	provide	VERB
cblr-2896	318	10	a	a	DET
cblr-2896	318	11	reconversion	reconversion	NOUN
cblr-2896	318	12	option	option	NOUN
cblr-2896	318	13	-	-	PUNCT
cblr-2896	318	14	from	from	ADP
cblr-2896	318	15	subordinated	subordinated	ADJ
cblr-2896	318	16	debt	debt	NOUN
cblr-2896	318	17	to	to	ADP
cblr-2896	318	18	stock	stock	NOUN
cblr-2896	318	19	-	-	PUNCT
cblr-2896	318	20	based	base	VERB
cblr-2896	318	21	instruments	instrument	NOUN
cblr-2896	318	22	-	-	PUNCT
cblr-2896	318	23	as	as	SCONJ
cblr-2896	318	24	the	the	DET
cblr-2896	318	25	firm	firm	NOUN
cblr-2896	318	26	moves	move	VERB
cblr-2896	318	27	beyond	beyond	ADP
cblr-2896	318	28	financial	financial	ADJ
cblr-2896	318	29	distress	distress	NOUN
cblr-2896	318	30	,	,	PUNCT
cblr-2896	318	31	the	the	DET
cblr-2896	318	32	terms	term	NOUN
cblr-2896	318	33	and	and	CCONJ
cblr-2896	318	34	timing	timing	NOUN
cblr-2896	318	35	of	of	ADP
cblr-2896	318	36	any	any	DET
cblr-2896	318	37	such	such	ADJ
cblr-2896	318	38	reconversion	reconversion	NOUN
cblr-2896	318	39	must	must	AUX
cblr-2896	318	40	be	be	AUX
cblr-2896	318	41	measured	measure	VERB
cblr-2896	318	42	to	to	PART
cblr-2896	318	43	avoid	avoid	VERB
cblr-2896	318	44	856	856	NUM
cblr-2896	319	1	[	[	X
cblr-2896	319	2	vol	vol	NOUN
cblr-2896	319	3	.	.	NOUN
cblr-2896	319	4	2012	2012	NUM
cblr-2896	319	5	no	no	NOUN
cblr-2896	319	6	.	.	PUNCT
cblr-2896	320	1	3:834	3:834	NUM
cblr-2896	320	2	]	]	X
cblr-2896	320	3	the	the	DET
cblr-2896	320	4	case	case	NOUN
cblr-2896	320	5	for	for	ADP
cblr-2896	320	6	convertible	convertible	ADJ
cblr-2896	320	7	equity	equity	NOUN
cblr-2896	320	8	-	-	PUNCT
cblr-2896	320	9	based	base	VERB
cblr-2896	320	10	pay	pay	PROPN
cblr-2896	320	11	convertible	convertible	ADJ
cblr-2896	320	12	equity	equity	NOUN
cblr-2896	320	13	-	-	PUNCT
cblr-2896	320	14	based	base	VERB
cblr-2896	320	15	pay	pay	NOUN
cblr-2896	320	16	solves	solve	VERB
cblr-2896	320	17	a	a	DET
cblr-2896	320	18	shareholder	shareholder	NOUN
cblr-2896	320	19	commitment	commitment	NOUN
cblr-2896	320	20	issue	issue	NOUN
cblr-2896	320	21	in	in	ADP
cblr-2896	320	22	addressing	address	VERB
cblr-2896	320	23	the	the	DET
cblr-2896	320	24	fuld	fuld	PROPN
cblr-2896	320	25	problem	problem	NOUN
cblr-2896	320	26	.	.	PUNCT
cblr-2896	321	1	ex	ex	X
cblr-2896	321	2	ante	ante	PROPN
cblr-2896	321	3	,	,	PUNCT
cblr-2896	321	4	shareholders	shareholder	NOUN
cblr-2896	321	5	may	may	AUX
cblr-2896	321	6	agree	agree	VERB
cblr-2896	321	7	about	about	ADP
cblr-2896	321	8	the	the	DET
cblr-2896	321	9	importance	importance	NOUN
cblr-2896	321	10	of	of	ADP
cblr-2896	321	11	avoiding	avoid	VERB
cblr-2896	321	12	systemic	systemic	ADJ
cblr-2896	321	13	distress	distress	NOUN
cblr-2896	321	14	.	.	PUNCT
cblr-2896	322	1	nevertheless	nevertheless	ADV
cblr-2896	322	2	,	,	PUNCT
cblr-2896	322	3	the	the	DET
cblr-2896	322	4	shareholders	shareholder	NOUN
cblr-2896	322	5	of	of	ADP
cblr-2896	322	6	lehman	lehman	PROPN
cblr-2896	322	7	-	-	PUNCT
cblr-2896	322	8	particularly	particularly	ADV
cblr-2896	322	9	the	the	DET
cblr-2896	322	10	large	large	ADJ
cblr-2896	322	11	,	,	PUNCT
cblr-2896	322	12	undiversified	undiversified	ADJ
cblr-2896	322	13	ones	one	NOUN
cblr-2896	322	14	-	-	PUNCT
cblr-2896	322	15	may	may	AUX
cblr-2896	322	16	be	be	AUX
cblr-2896	322	17	rooting	root	VERB
cblr-2896	322	18	,	,	PUNCT
cblr-2896	322	19	ex	ex	X
cblr-2896	322	20	post	post	NOUN
cblr-2896	322	21	,	,	PUNCT
cblr-2896	322	22	for	for	SCONJ
cblr-2896	322	23	fuld	fuld	PROPN
cblr-2896	322	24	to	to	PART
cblr-2896	322	25	play	play	VERB
cblr-2896	322	26	tough	tough	ADV
cblr-2896	322	27	in	in	ADP
cblr-2896	322	28	negotiating	negotiate	VERB
cblr-2896	322	29	for	for	ADP
cblr-2896	322	30	new	new	ADJ
cblr-2896	322	31	capital	capital	NOUN
cblr-2896	322	32	or	or	CCONJ
cblr-2896	322	33	a	a	DET
cblr-2896	322	34	sale	sale	NOUN
cblr-2896	322	35	.	.	PUNCT
cblr-2896	323	1	they	they	PRON
cblr-2896	323	2	may	may	AUX
cblr-2896	323	3	press	press	VERB
cblr-2896	323	4	fuld	fuld	PROPN
cblr-2896	323	5	to	to	PART
cblr-2896	323	6	promote	promote	VERB
cblr-2896	323	7	immediate	immediate	ADJ
cblr-2896	323	8	shareholder	shareholder	NOUN
cblr-2896	323	9	interests	interest	NOUN
cblr-2896	323	10	,	,	PUNCT
cblr-2896	323	11	to	to	PART
cblr-2896	323	12	enhance	enhance	VERB
cblr-2896	323	13	the	the	DET
cblr-2896	323	14	value	value	NOUN
cblr-2896	323	15	of	of	ADP
cblr-2896	323	16	their	their	PRON
cblr-2896	323	17	near	near	NOUN
cblr-2896	323	18	-	-	PUNCT
cblr-2896	323	19	themoney	themoney	NOUN
cblr-2896	323	20	(	(	PUNCT
cblr-2896	323	21	or	or	CCONJ
cblr-2896	323	22	out	out	ADV
cblr-2896	323	23	-	-	PUNCT
cblr-2896	323	24	of	of	ADP
cblr-2896	323	25	-	-	PUNCT
cblr-2896	323	26	the	the	DET
cblr-2896	323	27	-	-	PUNCT
cblr-2896	323	28	money	money	NOUN
cblr-2896	323	29	)	)	PUNCT
cblr-2896	323	30	option	option	NOUN
cblr-2896	323	31	.	.	PUNCT
cblr-2896	324	1	the	the	DET
cblr-2896	324	2	convertible	convertible	ADJ
cblr-2896	324	3	equity	equity	NOUN
cblr-2896	324	4	approach	approach	NOUN
cblr-2896	324	5	solves	solve	VERB
cblr-2896	324	6	this	this	DET
cblr-2896	324	7	problem	problem	NOUN
cblr-2896	324	8	by	by	ADP
cblr-2896	324	9	locking	lock	VERB
cblr-2896	324	10	in	in	ADP
cblr-2896	324	11	a	a	DET
cblr-2896	324	12	reversal	reversal	NOUN
cblr-2896	324	13	of	of	ADP
cblr-2896	324	14	managerial	managerial	ADJ
cblr-2896	324	15	incentives	incentive	NOUN
cblr-2896	324	16	for	for	ADP
cblr-2896	324	17	a	a	DET
cblr-2896	324	18	financial	financial	ADJ
cblr-2896	324	19	firm	firm	NOUN
cblr-2896	324	20	nearing	near	VERB
cblr-2896	324	21	financial	financial	ADJ
cblr-2896	324	22	distress	distress	NOUN
cblr-2896	324	23	,	,	PUNCT
cblr-2896	324	24	to	to	PART
cblr-2896	324	25	give	give	VERB
cblr-2896	324	26	fuld	fuld	PROPN
cblr-2896	324	27	a	a	DET
cblr-2896	324	28	tangible	tangible	ADJ
cblr-2896	324	29	reason	reason	NOUN
cblr-2896	324	30	to	to	PART
cblr-2896	324	31	push	push	VERB
cblr-2896	324	32	back	back	ADV
cblr-2896	324	33	against	against	ADP
cblr-2896	324	34	such	such	ADJ
cblr-2896	324	35	shareholders	shareholder	NOUN
cblr-2896	324	36	.	.	PUNCT
cblr-2896	325	1	third	third	ADV
cblr-2896	325	2	,	,	PUNCT
cblr-2896	325	3	another	another	DET
cblr-2896	325	4	advantage	advantage	NOUN
cblr-2896	325	5	is	be	AUX
cblr-2896	325	6	that	that	SCONJ
cblr-2896	325	7	convertible	convertible	ADJ
cblr-2896	325	8	equity	equity	NOUN
cblr-2896	325	9	-	-	PUNCT
cblr-2896	325	10	based	base	VERB
cblr-2896	325	11	pay	pay	NOUN
cblr-2896	325	12	could	could	AUX
cblr-2896	325	13	be	be	AUX
cblr-2896	325	14	promoted	promote	VERB
cblr-2896	325	15	and	and	CCONJ
cblr-2896	325	16	adopted	adopt	VERB
cblr-2896	325	17	as	as	ADP
cblr-2896	325	18	part	part	NOUN
cblr-2896	325	19	of	of	ADP
cblr-2896	325	20	a	a	DET
cblr-2896	325	21	corporate	corporate	ADJ
cblr-2896	325	22	governance	governance	NOUN
cblr-2896	325	23	reform	reform	NOUN
cblr-2896	325	24	agenda	agenda	NOUN
cblr-2896	325	25	.	.	PUNCT
cblr-2896	326	1	even	even	ADV
cblr-2896	326	2	though	though	SCONJ
cblr-2896	326	3	shareholdersparticularly	shareholdersparticularly	ADV
cblr-2896	326	4	large	large	ADJ
cblr-2896	326	5	,	,	PUNCT
cblr-2896	326	6	undiversified	undiversified	ADJ
cblr-2896	326	7	shareholders	shareholder	NOUN
cblr-2896	326	8	-	-	PUNCT
cblr-2896	326	9	may	may	AUX
cblr-2896	326	10	not	not	PART
cblr-2896	326	11	,	,	PUNCT
cblr-2896	326	12	ex	ex	X
cblr-2896	326	13	post	post	NOUN
cblr-2896	326	14	,	,	PUNCT
cblr-2896	326	15	favor	favor	VERB
cblr-2896	326	16	conversion	conversion	NOUN
cblr-2896	326	17	,	,	PUNCT
cblr-2896	326	18	they	they	PRON
cblr-2896	326	19	might	might	AUX
cblr-2896	326	20	well	well	ADV
cblr-2896	326	21	favor	favor	VERB
cblr-2896	326	22	,	,	PUNCT
cblr-2896	326	23	ex	ex	NOUN
cblr-2896	326	24	ante	ante	NOUN
cblr-2896	326	25	,	,	PUNCT
cblr-2896	326	26	a	a	DET
cblr-2896	326	27	strategy	strategy	NOUN
cblr-2896	326	28	that	that	PRON
cblr-2896	326	29	provides	provide	VERB
cblr-2896	326	30	managerial	managerial	ADJ
cblr-2896	326	31	incentives	incentive	NOUN
cblr-2896	326	32	to	to	PART
cblr-2896	326	33	avoid	avoid	VERB
cblr-2896	326	34	financial	financial	ADJ
cblr-2896	326	35	distress	distress	NOUN
cblr-2896	326	36	.	.	PUNCT
cblr-2896	327	1	there	there	PRON
cblr-2896	327	2	are	be	VERB
cblr-2896	327	3	two	two	NUM
cblr-2896	327	4	sorts	sort	NOUN
cblr-2896	327	5	of	of	ADP
cblr-2896	327	6	reasons	reason	NOUN
cblr-2896	327	7	,	,	PUNCT
cblr-2896	327	8	firmspecific	firmspecific	ADJ
cblr-2896	327	9	and	and	CCONJ
cblr-2896	327	10	systemic	systemic	ADJ
cblr-2896	327	11	.	.	PUNCT
cblr-2896	328	1	firm	firm	ADJ
cblr-2896	328	2	-	-	PUNCT
cblr-2896	328	3	specific	specific	NOUN
cblr-2896	328	4	.	.	PUNCT
cblr-2896	329	1	because	because	SCONJ
cblr-2896	329	2	convertible	convertible	ADJ
cblr-2896	329	3	equity	equity	NOUN
cblr-2896	329	4	-	-	PUNCT
cblr-2896	329	5	based	base	VERB
cblr-2896	329	6	pay	pay	NOUN
cblr-2896	329	7	will	will	AUX
cblr-2896	329	8	reduce	reduce	VERB
cblr-2896	329	9	the	the	DET
cblr-2896	329	10	risk	risk	NOUN
cblr-2896	329	11	of	of	ADP
cblr-2896	329	12	the	the	DET
cblr-2896	329	13	firm	firm	NOUN
cblr-2896	329	14	's	's	PART
cblr-2896	329	15	failure	failure	NOUN
cblr-2896	329	16	,	,	PUNCT
cblr-2896	329	17	it	it	PRON
cblr-2896	329	18	should	should	AUX
cblr-2896	329	19	lower	lower	VERB
cblr-2896	329	20	the	the	DET
cblr-2896	329	21	cost	cost	NOUN
cblr-2896	329	22	of	of	ADP
cblr-2896	329	23	debt	debt	NOUN
cblr-2896	329	24	generally	generally	ADV
cblr-2896	329	25	,	,	PUNCT
cblr-2896	329	26	which	which	PRON
cblr-2896	329	27	will	will	AUX
cblr-2896	329	28	redound	redound	VERB
cblr-2896	329	29	to	to	ADP
cblr-2896	329	30	equity	equity	NOUN
cblr-2896	329	31	's	's	PART
cblr-2896	329	32	benefit	benefit	NOUN
cblr-2896	329	33	.	.	PUNCT
cblr-2896	330	1	overcoming	overcome	VERB
cblr-2896	330	2	the	the	DET
cblr-2896	330	3	fuld	fuld	PROPN
cblr-2896	330	4	problem	problem	NOUN
cblr-2896	330	5	will	will	AUX
cblr-2896	330	6	have	have	VERB
cblr-2896	330	7	particular	particular	ADJ
cblr-2896	330	8	benefits	benefit	NOUN
cblr-2896	330	9	.	.	PUNCT
cblr-2896	331	1	creditors	creditor	NOUN
cblr-2896	331	2	who	who	PRON
cblr-2896	331	3	are	be	AUX
cblr-2896	331	4	entitled	entitle	VERB
cblr-2896	331	5	to	to	PART
cblr-2896	331	6	make	make	VERB
cblr-2896	331	7	collateral	collateral	NOUN
cblr-2896	331	8	calls	call	NOUN
cblr-2896	331	9	to	to	PART
cblr-2896	331	10	cover	cover	VERB
cblr-2896	331	11	shortfalls	shortfall	NOUN
cblr-2896	331	12	from	from	ADP
cblr-2896	331	13	the	the	DET
cblr-2896	331	14	possible	possible	ADJ
cblr-2896	331	15	decline	decline	NOUN
cblr-2896	331	16	in	in	ADP
cblr-2896	331	17	asset	asset	NOUN
cblr-2896	331	18	values	value	NOUN
cblr-2896	331	19	or	or	CCONJ
cblr-2896	331	20	who	who	PRON
cblr-2896	331	21	can	can	AUX
cblr-2896	331	22	simply	simply	ADV
cblr-2896	331	23	refuse	refuse	VERB
cblr-2896	331	24	to	to	PART
cblr-2896	331	25	rollover	rollover	VERB
cblr-2896	331	26	their	their	PRON
cblr-2896	331	27	debt	debt	NOUN
cblr-2896	331	28	are	be	AUX
cblr-2896	331	29	more	more	ADV
cblr-2896	331	30	likely	likely	ADJ
cblr-2896	331	31	to	to	PART
cblr-2896	331	32	forebear	forebear	VERB
cblr-2896	331	33	at	at	ADP
cblr-2896	331	34	crucial	crucial	ADJ
cblr-2896	331	35	moments	moment	NOUN
cblr-2896	331	36	if	if	SCONJ
cblr-2896	331	37	they	they	PRON
cblr-2896	331	38	know	know	VERB
cblr-2896	331	39	that	that	SCONJ
cblr-2896	331	40	the	the	DET
cblr-2896	331	41	ceo	ceo	NOUN
cblr-2896	331	42	will	will	AUX
cblr-2896	331	43	not	not	PART
cblr-2896	331	44	have	have	VERB
cblr-2896	331	45	the	the	DET
cblr-2896	331	46	incentive	incentive	NOUN
cblr-2896	331	47	to	to	PART
cblr-2896	331	48	risk	risk	VERB
cblr-2896	331	49	the	the	DET
cblr-2896	331	50	firm	firm	NOUN
cblr-2896	331	51	's	's	PART
cblr-2896	331	52	franchise	franchise	NOUN
cblr-2896	331	53	value	value	NOUN
cblr-2896	331	54	on	on	ADP
cblr-2896	331	55	a	a	DET
cblr-2896	331	56	low	low	ADJ
cblr-2896	331	57	-	-	PUNCT
cblr-2896	331	58	probability	probability	NOUN
cblr-2896	331	59	turnaround	turnaround	NOUN
cblr-2896	331	60	bet	bet	NOUN
cblr-2896	331	61	.	.	PUNCT
cblr-2896	332	1	after	after	ADP
cblr-2896	332	2	the	the	DET
cblr-2896	332	3	conversion	conversion	NOUN
cblr-2896	332	4	trigger	trigger	NOUN
cblr-2896	332	5	,	,	PUNCT
cblr-2896	332	6	the	the	DET
cblr-2896	332	7	ceo	ceo	NOUN
cblr-2896	332	8	will	will	AUX
cblr-2896	332	9	be	be	AUX
cblr-2896	332	10	working	work	VERB
cblr-2896	332	11	for	for	ADP
cblr-2896	332	12	the	the	DET
cblr-2896	332	13	creditors	creditor	NOUN
cblr-2896	332	14	(	(	PUNCT
cblr-2896	332	15	or	or	CCONJ
cblr-2896	332	16	at	at	ADP
cblr-2896	332	17	least	least	ADJ
cblr-2896	332	18	not	not	PART
cblr-2896	332	19	against	against	ADP
cblr-2896	332	20	them	they	PRON
cblr-2896	332	21	)	)	PUNCT
cblr-2896	332	22	,	,	PUNCT
cblr-2896	332	23	which	which	PRON
cblr-2896	332	24	will	will	AUX
cblr-2896	332	25	reduce	reduce	VERB
cblr-2896	332	26	the	the	DET
cblr-2896	332	27	run	run	NOUN
cblr-2896	332	28	risk	risk	NOUN
cblr-2896	332	29	from	from	ADP
cblr-2896	332	30	shortterm	shortterm	PROPN
cblr-2896	332	31	creditors	creditor	NOUN
cblr-2896	332	32	.	.	PUNCT
cblr-2896	333	1	ex	ex	X
cblr-2896	333	2	ante	ante	PROPN
cblr-2896	333	3	,	,	PUNCT
cblr-2896	333	4	equity	equity	NOUN
cblr-2896	333	5	holders	holder	NOUN
cblr-2896	333	6	will	will	AUX
cblr-2896	333	7	share	share	VERB
cblr-2896	333	8	in	in	ADP
cblr-2896	333	9	the	the	DET
cblr-2896	333	10	value	value	NOUN
cblr-2896	333	11	of	of	ADP
cblr-2896	333	12	these	these	DET
cblr-2896	333	13	benefits	benefit	NOUN
cblr-2896	333	14	.	.	PUNCT
cblr-2896	334	1	even	even	ADV
cblr-2896	334	2	undiversified	undiversified	ADJ
cblr-2896	334	3	shareholders	shareholder	NOUN
cblr-2896	334	4	incentives	incentive	NOUN
cblr-2896	334	5	for	for	ADP
cblr-2896	334	6	premature	premature	ADJ
cblr-2896	334	7	risk	risk	NOUN
cblr-2896	334	8	-	-	PUNCT
cblr-2896	334	9	taking	taking	NOUN
cblr-2896	334	10	after	after	ADP
cblr-2896	334	11	the	the	DET
cblr-2896	334	12	injection	injection	NOUN
cblr-2896	334	13	of	of	ADP
cblr-2896	334	14	new	new	ADJ
cblr-2896	334	15	equity	equity	NOUN
cblr-2896	334	16	,	,	PUNCT
cblr-2896	334	17	and	and	CCONJ
cblr-2896	334	18	to	to	PART
cblr-2896	334	19	assure	assure	VERB
cblr-2896	334	20	that	that	SCONJ
cblr-2896	334	21	the	the	DET
cblr-2896	334	22	level	level	NOUN
cblr-2896	334	23	of	of	ADP
cblr-2896	334	24	the	the	DET
cblr-2896	334	25	capital	capital	NOUN
cblr-2896	334	26	raise	raise	NOUN
cblr-2896	334	27	will	will	AUX
cblr-2896	334	28	meaningfully	meaningfully	ADV
cblr-2896	334	29	reduce	reduce	VERB
cblr-2896	334	30	the	the	DET
cblr-2896	334	31	riskiness	riskiness	NOUN
cblr-2896	334	32	of	of	ADP
cblr-2896	334	33	the	the	DET
cblr-2896	334	34	firm	firm	NOUN
cblr-2896	334	35	.	.	PUNCT
cblr-2896	335	1	857	857	NUM
cblr-2896	335	2	gain	gain	NOUN
cblr-2896	335	3	from	from	ADP
cblr-2896	335	4	these	these	DET
cblr-2896	335	5	firm	firm	ADJ
cblr-2896	335	6	-	-	PUNCT
cblr-2896	335	7	specific	specific	ADJ
cblr-2896	335	8	effects	effect	NOUN
cblr-2896	335	9	of	of	ADP
cblr-2896	335	10	convertible	convertible	ADJ
cblr-2896	335	11	equitybased	equitybase	VERB
cblr-2896	335	12	pay	pay	NOUN
cblr-2896	335	13	.	.	PUNCT
cblr-2896	336	1	systemic	systemic	ADJ
cblr-2896	336	2	.	.	PUNCT
cblr-2896	337	1	as	as	SCONJ
cblr-2896	337	2	explained	explain	VERB
cblr-2896	337	3	above	above	ADV
cblr-2896	337	4	,	,	PUNCT
cblr-2896	337	5	the	the	DET
cblr-2896	337	6	standard	standard	ADJ
cblr-2896	337	7	incentive	incentive	NOUN
cblr-2896	337	8	alignment	alignment	NOUN
cblr-2896	337	9	story	story	NOUN
cblr-2896	337	10	contemplates	contemplate	VERB
cblr-2896	337	11	risk	risk	NOUN
cblr-2896	337	12	-	-	PUNCT
cblr-2896	337	13	neutral	neutral	ADJ
cblr-2896	337	14	shareholder	shareholder	NOUN
cblr-2896	337	15	principals	principal	NOUN
cblr-2896	337	16	(	(	PUNCT
cblr-2896	337	17	as	as	ADP
cblr-2896	337	18	a	a	DET
cblr-2896	337	19	result	result	NOUN
cblr-2896	337	20	of	of	ADP
cblr-2896	337	21	diversification	diversification	NOUN
cblr-2896	337	22	)	)	PUNCT
cblr-2896	337	23	and	and	CCONJ
cblr-2896	337	24	naturally	naturally	ADV
cblr-2896	337	25	riskaverse	riskaverse	NOUN
cblr-2896	337	26	managers	manager	NOUN
cblr-2896	337	27	who	who	PRON
cblr-2896	337	28	are	be	AUX
cblr-2896	337	29	compensated	compensate	VERB
cblr-2896	337	30	with	with	ADP
cblr-2896	337	31	stock	stock	NOUN
cblr-2896	337	32	-	-	PUNCT
cblr-2896	337	33	based	base	VERB
cblr-2896	337	34	compensation	compensation	NOUN
cblr-2896	337	35	to	to	PART
cblr-2896	337	36	change	change	VERB
cblr-2896	337	37	their	their	PRON
cblr-2896	337	38	risk	risk	NOUN
cblr-2896	337	39	preferences	preference	NOUN
cblr-2896	337	40	.	.	PUNCT
cblr-2896	338	1	it	it	PRON
cblr-2896	338	2	also	also	ADV
cblr-2896	338	3	rests	rest	VERB
cblr-2896	338	4	on	on	ADP
cblr-2896	338	5	the	the	DET
cblr-2896	338	6	assumption	assumption	NOUN
cblr-2896	338	7	that	that	SCONJ
cblr-2896	338	8	systematic	systematic	ADJ
cblr-2896	338	9	risk	risk	NOUN
cblr-2896	338	10	levels	level	NOUN
cblr-2896	338	11	are	be	AUX
cblr-2896	338	12	not	not	PART
cblr-2896	338	13	changed	change	VERB
cblr-2896	338	14	by	by	ADP
cblr-2896	338	15	the	the	DET
cblr-2896	338	16	shareholder	shareholder	NOUN
cblr-2896	338	17	-	-	PUNCT
cblr-2896	338	18	manager	manager	NOUN
cblr-2896	338	19	contract	contract	NOUN
cblr-2896	338	20	.	.	PUNCT
cblr-2896	339	1	but	but	CCONJ
cblr-2896	339	2	the	the	DET
cblr-2896	339	3	failure	failure	NOUN
cblr-2896	339	4	of	of	ADP
cblr-2896	339	5	a	a	DET
cblr-2896	339	6	significant	significant	ADJ
cblr-2896	339	7	financial	financial	ADJ
cblr-2896	339	8	firm	firm	NOUN
cblr-2896	339	9	imposes	impose	VERB
cblr-2896	339	10	costs	cost	NOUN
cblr-2896	339	11	on	on	ADP
cblr-2896	339	12	diversified	diversified	ADJ
cblr-2896	339	13	shareholders	shareholder	NOUN
cblr-2896	339	14	because	because	SCONJ
cblr-2896	339	15	a	a	DET
cblr-2896	339	16	breakout	breakout	NOUN
cblr-2896	339	17	of	of	ADP
cblr-2896	339	18	systemic	systemic	ADJ
cblr-2896	339	19	distress	distress	NOUN
cblr-2896	339	20	will	will	AUX
cblr-2896	339	21	likely	likely	ADV
cblr-2896	339	22	reduce	reduce	VERB
cblr-2896	339	23	overall	overall	ADJ
cblr-2896	339	24	portfolio	portfolio	NOUN
cblr-2896	339	25	values	value	NOUN
cblr-2896	339	26	,	,	PUNCT
cblr-2896	339	27	that	that	ADV
cblr-2896	339	28	is	is	ADV
cblr-2896	339	29	,	,	PUNCT
cblr-2896	339	30	will	will	AUX
cblr-2896	339	31	have	have	VERB
cblr-2896	339	32	a	a	DET
cblr-2896	339	33	systematic	systematic	ADJ
cblr-2896	339	34	effect	effect	NOUN
cblr-2896	339	35	.	.	PUNCT
cblr-2896	340	1	asset	asset	NOUN
cblr-2896	340	2	-	-	PUNCT
cblr-2896	340	3	pricing	pricing	NOUN
cblr-2896	340	4	models	model	NOUN
cblr-2896	340	5	generally	generally	ADV
cblr-2896	340	6	specify	specify	VERB
cblr-2896	340	7	compensation	compensation	NOUN
cblr-2896	340	8	for	for	ADP
cblr-2896	340	9	bearing	bear	VERB
cblr-2896	340	10	systematic	systematic	ADJ
cblr-2896	340	11	risk	risk	NOUN
cblr-2896	340	12	.	.	PUNCT
cblr-2896	341	1	thus	thus	ADV
cblr-2896	341	2	,	,	PUNCT
cblr-2896	341	3	a	a	DET
cblr-2896	341	4	compensation	compensation	NOUN
cblr-2896	341	5	mechanism	mechanism	NOUN
cblr-2896	341	6	that	that	PRON
cblr-2896	341	7	can	can	AUX
cblr-2896	341	8	reduce	reduce	VERB
cblr-2896	341	9	the	the	DET
cblr-2896	341	10	risk	risk	NOUN
cblr-2896	341	11	of	of	ADP
cblr-2896	341	12	systemic	systemic	ADJ
cblr-2896	341	13	distress	distress	NOUN
cblr-2896	341	14	will	will	AUX
cblr-2896	341	15	inure	inure	VERB
cblr-2896	341	16	to	to	ADP
cblr-2896	341	17	the	the	DET
cblr-2896	341	18	diversified	diversify	VERB
cblr-2896	341	19	shareholder	shareholder	NOUN
cblr-2896	341	20	's	's	PART
cblr-2896	341	21	benefit	benefit	NOUN
cblr-2896	341	22	.	.	PUNCT
cblr-2896	342	1	conceivably	conceivably	ADV
cblr-2896	342	2	,	,	PUNCT
cblr-2896	342	3	convertible	convertible	ADJ
cblr-2896	342	4	equity	equity	NOUN
cblr-2896	342	5	-	-	PUNCT
cblr-2896	342	6	based	base	VERB
cblr-2896	342	7	pay	pay	NOUN
cblr-2896	342	8	could	could	AUX
cblr-2896	342	9	be	be	AUX
cblr-2896	342	10	adopted	adopt	VERB
cblr-2896	342	11	via	via	ADP
cblr-2896	342	12	debt	debt	NOUN
cblr-2896	342	13	covenants	covenant	NOUN
cblr-2896	342	14	,	,	PUNCT
cblr-2896	342	15	since	since	SCONJ
cblr-2896	342	16	creditors	creditor	NOUN
cblr-2896	342	17	would	would	AUX
cblr-2896	342	18	also	also	ADV
cblr-2896	342	19	benefit	benefit	VERB
cblr-2896	342	20	from	from	ADP
cblr-2896	342	21	avoidance	avoidance	NOUN
cblr-2896	342	22	of	of	ADP
cblr-2896	342	23	the	the	DET
cblr-2896	342	24	fuld	fuld	PROPN
cblr-2896	342	25	problem	problem	NOUN
cblr-2896	342	26	.	.	PUNCT
cblr-2896	343	1	new	new	ADJ
cblr-2896	343	2	covenant	covenant	ADJ
cblr-2896	343	3	requirements	requirement	NOUN
cblr-2896	343	4	seem	seem	VERB
cblr-2896	343	5	unlikely	unlikely	ADJ
cblr-2896	343	6	,	,	PUNCT
cblr-2896	343	7	however	however	ADV
cblr-2896	343	8	.	.	PUNCT
cblr-2896	344	1	in	in	ADP
cblr-2896	344	2	general	general	ADJ
cblr-2896	344	3	,	,	PUNCT
cblr-2896	344	4	management	management	NOUN
cblr-2896	344	5	is	be	AUX
cblr-2896	344	6	eager	eager	ADJ
cblr-2896	344	7	to	to	PART
cblr-2896	344	8	obtain	obtain	VERB
cblr-2896	344	9	"	"	PUNCT
cblr-2896	344	10	covenant	covenant	ADJ
cblr-2896	344	11	lite	lite	NOUN
cblr-2896	344	12	"	"	PUNCT
cblr-2896	344	13	financing	financing	NOUN
cblr-2896	344	14	.	.	PUNCT
cblr-2896	345	1	secured	secure	VERB
cblr-2896	345	2	creditors	creditor	NOUN
cblr-2896	345	3	of	of	ADP
cblr-2896	345	4	financial	financial	ADJ
cblr-2896	345	5	firms	firm	NOUN
cblr-2896	345	6	seem	seem	VERB
cblr-2896	345	7	to	to	PART
cblr-2896	345	8	focus	focus	VERB
cblr-2896	345	9	more	more	ADV
cblr-2896	345	10	on	on	ADP
cblr-2896	345	11	collateral	collateral	ADJ
cblr-2896	345	12	quality	quality	NOUN
cblr-2896	345	13	and	and	CCONJ
cblr-2896	345	14	priority	priority	NOUN
cblr-2896	345	15	.	.	PUNCT
cblr-2896	346	1	thus	thus	ADV
cblr-2896	346	2	,	,	PUNCT
cblr-2896	346	3	governance	governance	NOUN
cblr-2896	346	4	reform	reform	NOUN
cblr-2896	346	5	seems	seem	VERB
cblr-2896	346	6	a	a	DET
cblr-2896	346	7	more	more	ADV
cblr-2896	346	8	promising	promising	ADJ
cblr-2896	346	9	private	private	ADJ
cblr-2896	346	10	-	-	PUNCT
cblr-2896	346	11	ordering	ordering	NOUN
cblr-2896	346	12	route	route	NOUN
cblr-2896	346	13	.	.	PUNCT
cblr-2896	347	1	recent	recent	ADJ
cblr-2896	347	2	compensation	compensation	NOUN
cblr-2896	347	3	changes	change	NOUN
cblr-2896	347	4	promoted	promote	VERB
cblr-2896	347	5	by	by	ADP
cblr-2896	347	6	governance	governance	NOUN
cblr-2896	347	7	activists	activist	NOUN
cblr-2896	347	8	have	have	AUX
cblr-2896	347	9	reflected	reflect	VERB
cblr-2896	347	10	concerns	concern	NOUN
cblr-2896	347	11	that	that	SCONJ
cblr-2896	347	12	certain	certain	ADJ
cblr-2896	347	13	managerial	managerial	ADJ
cblr-2896	347	14	incentives	incentive	NOUN
cblr-2896	347	15	are	be	AUX
cblr-2896	347	16	too	too	ADV
cblr-2896	347	17	high	high	ADV
cblr-2896	347	18	-	-	PUNCT
cblr-2896	347	19	powered	power	VERB
cblr-2896	347	20	and	and	CCONJ
cblr-2896	347	21	may	may	AUX
cblr-2896	347	22	distort	distort	VERB
cblr-2896	347	23	management	management	NOUN
cblr-2896	347	24	decisions	decision	NOUN
cblr-2896	347	25	toward	toward	ADP
cblr-2896	347	26	excessive	excessive	ADJ
cblr-2896	347	27	risk	risk	NOUN
cblr-2896	347	28	-	-	PUNCT
cblr-2896	347	29	taking	taking	NOUN
cblr-2896	347	30	.	.	PUNCT
cblr-2896	348	1	this	this	PRON
cblr-2896	348	2	has	have	AUX
cblr-2896	348	3	led	lead	VERB
cblr-2896	348	4	to	to	ADP
cblr-2896	348	5	moves	move	NOUN
cblr-2896	348	6	away	away	ADV
cblr-2896	348	7	from	from	ADP
cblr-2896	348	8	stock	stock	NOUN
cblr-2896	348	9	options	option	NOUN
cblr-2896	348	10	,	,	PUNCT
cblr-2896	348	11	for	for	ADP
cblr-2896	348	12	example	example	NOUN
cblr-2896	348	13	,	,	PUNCT
cblr-2896	348	14	in	in	ADP
cblr-2896	348	15	favor	favor	NOUN
cblr-2896	348	16	of	of	ADP
cblr-2896	348	17	restricted	restricted	ADJ
cblr-2896	348	18	stock	stock	NOUN
cblr-2896	348	19	.	.	PUNCT
cblr-2896	349	1	the	the	DET
cblr-2896	349	2	council	council	PROPN
cblr-2896	349	3	of	of	ADP
cblr-2896	349	4	institutional	institutional	ADJ
cblr-2896	349	5	investors	investor	NOUN
cblr-2896	349	6	,	,	PUNCT
cblr-2896	349	7	which	which	PRON
cblr-2896	349	8	offers	offer	VERB
cblr-2896	349	9	guidance	guidance	NOUN
cblr-2896	349	10	to	to	ADP
cblr-2896	349	11	public	public	ADJ
cblr-2896	349	12	pension	pension	NOUN
cblr-2896	349	13	funds	fund	NOUN
cblr-2896	349	14	and	and	CCONJ
cblr-2896	349	15	other	other	ADJ
cblr-2896	349	16	institutional	institutional	ADJ
cblr-2896	349	17	investors	investor	NOUN
cblr-2896	349	18	,	,	PUNCT
cblr-2896	349	19	warns	warn	VERB
cblr-2896	349	20	against	against	ADP
cblr-2896	349	21	pay	pay	NOUN
cblr-2896	349	22	practices	practice	NOUN
cblr-2896	349	23	that	that	PRON
cblr-2896	349	24	leave	leave	VERB
cblr-2896	349	25	managers	manager	NOUN
cblr-2896	349	26	"	"	PUNCT
cblr-2896	349	27	emboldened	embolden	VERB
cblr-2896	349	28	to	to	PART
cblr-2896	349	29	take	take	VERB
cblr-2896	349	30	excessive	excessive	ADJ
cblr-2896	349	31	risks	risk	NOUN
cblr-2896	349	32	to	to	PART
cblr-2896	349	33	pump	pump	VERB
cblr-2896	349	34	up	up	ADP
cblr-2896	349	35	short	short	ADJ
cblr-2896	349	36	-	-	PUNCT
cblr-2896	349	37	term	term	NOUN
cblr-2896	349	38	gains	gain	NOUN
cblr-2896	349	39	at	at	ADP
cblr-2896	349	40	the	the	DET
cblr-2896	349	41	expense	expense	NOUN
cblr-2896	349	42	of	of	ADP
cblr-2896	349	43	long	long	ADJ
cblr-2896	349	44	-	-	PUNCT
cblr-2896	349	45	term	term	NOUN
cblr-2896	349	46	value	value	NOUN
cblr-2896	349	47	col	col	PROPN
cblr-2896	349	48	umbia	umbia	PROPN
cblr-2896	349	49	b	b	PROPN
cblr-2896	350	1	usiness	usiness	PROPN
cblr-2896	350	2	la	la	PROPN
cblr-2896	350	3	w	w	PROPN
cblr-2896	350	4	re	re	PROPN
cblr-2896	350	5	vie	vie	PROPN
cblr-2896	350	6	w	w	PROPN
cblr-2896	351	1	[	[	X
cblr-2896	351	2	vol	vol	NOUN
cblr-2896	351	3	.	.	PUNCT
cblr-2896	351	4	2012858	2012858	NUM
cblr-2896	351	5	no	no	INTJ
cblr-2896	351	6	.	.	PUNCT
cblr-2896	352	1	3:834	3:834	NUM
cblr-2896	352	2	]	]	X
cblr-2896	352	3	the	the	DET
cblr-2896	352	4	case	case	NOUN
cblr-2896	352	5	for	for	ADP
cblr-2896	352	6	convertible	convertible	ADJ
cblr-2896	352	7	equity	equity	NOUN
cblr-2896	352	8	-	-	PUNCT
cblr-2896	352	9	based	base	VERB
cblr-2896	352	10	pay	pay	NOUN
cblr-2896	352	11	creation	creation	NOUN
cblr-2896	352	12	.	.	PUNCT
cblr-2896	353	1	"3	"3	NOUN
cblr-2896	353	2	5	5	NUM
cblr-2896	353	3	indeed	indeed	ADV
cblr-2896	353	4	,	,	PUNCT
cblr-2896	353	5	a	a	DET
cblr-2896	353	6	focus	focus	NOUN
cblr-2896	353	7	on	on	ADP
cblr-2896	353	8	"	"	PUNCT
cblr-2896	353	9	long	long	ADJ
cblr-2896	353	10	-	-	PUNCT
cblr-2896	353	11	term	term	NOUN
cblr-2896	353	12	equity	equity	NOUN
cblr-2896	353	13	"	"	PUNCT
cblr-2896	353	14	is	be	AUX
cblr-2896	353	15	reflected	reflect	VERB
cblr-2896	353	16	in	in	ADP
cblr-2896	353	17	the	the	DET
cblr-2896	353	18	riskmetrics	riskmetric	NOUN
cblr-2896	353	19	compensation	compensation	NOUN
cblr-2896	353	20	"	"	PUNCT
cblr-2896	353	21	grid	grid	NOUN
cblr-2896	353	22	,	,	PUNCT
cblr-2896	353	23	"	"	PUNCT
cblr-2896	353	24	which	which	PRON
cblr-2896	353	25	bases	base	VERB
cblr-2896	353	26	a	a	DET
cblr-2896	353	27	third	third	NOUN
cblr-2896	353	28	of	of	ADP
cblr-2896	353	29	the	the	DET
cblr-2896	353	30	company	company	NOUN
cblr-2896	353	31	's	's	PART
cblr-2896	353	32	score	score	NOUN
cblr-2896	353	33	on	on	ADP
cblr-2896	353	34	the	the	DET
cblr-2896	353	35	proper	proper	ADJ
cblr-2896	353	36	design	design	NOUN
cblr-2896	353	37	of	of	ADP
cblr-2896	353	38	longterm	longterm	ADJ
cblr-2896	353	39	incentive	incentive	NOUN
cblr-2896	353	40	plans.3	plans.3	VERB
cblr-2896	353	41	6	6	NUM
cblr-2896	353	42	convertible	convertible	ADJ
cblr-2896	353	43	equity	equity	NOUN
cblr-2896	353	44	-	-	PUNCT
cblr-2896	353	45	based	base	VERB
cblr-2896	353	46	pay	pay	NOUN
cblr-2896	353	47	fits	fit	VERB
cblr-2896	353	48	with	with	ADP
cblr-2896	353	49	this	this	DET
cblr-2896	353	50	agenda	agenda	NOUN
cblr-2896	353	51	.	.	PUNCT
cblr-2896	354	1	new	new	ADJ
cblr-2896	354	2	federal	federal	ADJ
cblr-2896	354	3	legislation	legislation	NOUN
cblr-2896	354	4	offers	offer	VERB
cblr-2896	354	5	a	a	DET
cblr-2896	354	6	ready	ready	ADJ
cblr-2896	354	7	avenue	avenue	NOUN
cblr-2896	354	8	for	for	ADP
cblr-2896	354	9	a	a	DET
cblr-2896	354	10	governance	governance	NOUN
cblr-2896	354	11	campaign	campaign	NOUN
cblr-2896	354	12	to	to	PART
cblr-2896	354	13	adopt	adopt	VERB
cblr-2896	354	14	convertible	convertible	ADJ
cblr-2896	354	15	equity	equity	NOUN
cblr-2896	354	16	-	-	PUNCT
cblr-2896	354	17	based	base	VERB
cblr-2896	354	18	pay	pay	NOUN
cblr-2896	354	19	for	for	ADP
cblr-2896	354	20	financial	financial	ADJ
cblr-2896	354	21	firms	firm	NOUN
cblr-2896	354	22	.	.	PUNCT
cblr-2896	355	1	as	as	SCONJ
cblr-2896	355	2	noted	note	VERB
cblr-2896	355	3	above	above	ADV
cblr-2896	355	4	,	,	PUNCT
cblr-2896	355	5	the	the	DET
cblr-2896	355	6	dodd	dodd	PROPN
cblr-2896	355	7	-	-	PUNCT
cblr-2896	355	8	frank	frank	ADJ
cblr-2896	355	9	financial	financial	ADJ
cblr-2896	355	10	regulatory	regulatory	ADJ
cblr-2896	355	11	reform	reform	NOUN
cblr-2896	355	12	legislation	legislation	NOUN
cblr-2896	355	13	contains	contain	VERB
cblr-2896	355	14	a	a	DET
cblr-2896	355	15	"	"	PUNCT
cblr-2896	355	16	say	say	NOUN
cblr-2896	355	17	on	on	ADP
cblr-2896	355	18	pay	pay	NOUN
cblr-2896	355	19	"	"	PUNCT
cblr-2896	355	20	provision	provision	NOUN
cblr-2896	355	21	for	for	ADP
cblr-2896	355	22	all	all	DET
cblr-2896	355	23	public	public	ADJ
cblr-2896	355	24	firms	firm	NOUN
cblr-2896	355	25	,	,	PUNCT
cblr-2896	355	26	including	include	VERB
cblr-2896	355	27	,	,	PUNCT
cblr-2896	355	28	of	of	ADP
cblr-2896	355	29	course	course	NOUN
cblr-2896	355	30	,	,	PUNCT
cblr-2896	355	31	financial	financial	ADJ
cblr-2896	355	32	firms	firm	NOUN
cblr-2896	355	33	.	.	PUNCT
cblr-2896	356	1	3	3	NUM
cblr-2896	356	2	7	7	NUM
cblr-2896	356	3	it	it	PRON
cblr-2896	356	4	would	would	AUX
cblr-2896	356	5	be	be	AUX
cblr-2896	356	6	easy	easy	ADJ
cblr-2896	356	7	to	to	PART
cblr-2896	356	8	promote	promote	VERB
cblr-2896	356	9	convertible	convertible	ADJ
cblr-2896	356	10	equity	equity	NOUN
cblr-2896	356	11	-	-	PUNCT
cblr-2896	356	12	based	base	VERB
cblr-2896	356	13	pay	pay	NOUN
cblr-2896	356	14	as	as	ADP
cblr-2896	356	15	part	part	NOUN
cblr-2896	356	16	of	of	ADP
cblr-2896	356	17	the	the	DET
cblr-2896	356	18	annual	annual	ADJ
cblr-2896	356	19	compensation	compensation	NOUN
cblr-2896	356	20	review	review	NOUN
cblr-2896	356	21	.	.	PUNCT
cblr-2896	357	1	fourth	fourth	ADJ
cblr-2896	357	2	,	,	PUNCT
cblr-2896	357	3	a	a	DET
cblr-2896	357	4	final	final	ADJ
cblr-2896	357	5	advantage	advantage	NOUN
cblr-2896	357	6	is	be	AUX
cblr-2896	357	7	that	that	SCONJ
cblr-2896	357	8	convertible	convertible	ADJ
cblr-2896	357	9	equity	equity	NOUN
cblr-2896	357	10	-	-	PUNCT
cblr-2896	357	11	based	base	VERB
cblr-2896	357	12	pay	pay	NOUN
cblr-2896	357	13	would	would	AUX
cblr-2896	357	14	be	be	AUX
cblr-2896	357	15	a	a	DET
cblr-2896	357	16	suitable	suitable	ADJ
cblr-2896	357	17	measure	measure	NOUN
cblr-2896	357	18	for	for	SCONJ
cblr-2896	357	19	the	the	DET
cblr-2896	357	20	federal	federal	PROPN
cblr-2896	357	21	reserve	reserve	PROPN
cblr-2896	357	22	and	and	CCONJ
cblr-2896	357	23	other	other	ADJ
cblr-2896	357	24	financial	financial	ADJ
cblr-2896	357	25	regulators	regulator	NOUN
cblr-2896	357	26	to	to	PART
cblr-2896	357	27	promote	promote	VERB
cblr-2896	357	28	or	or	CCONJ
cblr-2896	357	29	even	even	ADV
cblr-2896	357	30	mandate	mandate	VERB
cblr-2896	357	31	as	as	ADP
cblr-2896	357	32	part	part	NOUN
cblr-2896	357	33	of	of	ADP
cblr-2896	357	34	the	the	DET
cblr-2896	357	35	ongoing	ongoing	ADJ
cblr-2896	357	36	"	"	PUNCT
cblr-2896	357	37	guidance	guidance	NOUN
cblr-2896	357	38	"	"	PUNCT
cblr-2896	357	39	of	of	ADP
cblr-2896	357	40	large	large	ADJ
cblr-2896	357	41	financial	financial	ADJ
cblr-2896	357	42	firm	firm	NOUN
cblr-2896	357	43	compensation	compensation	NOUN
cblr-2896	357	44	practices.3	practices.3	PROPN
cblr-2896	357	45	8	8	NUM
cblr-2896	357	46	this	this	DET
cblr-2896	357	47	approach	approach	NOUN
cblr-2896	357	48	addresses	address	VERB
cblr-2896	357	49	the	the	DET
cblr-2896	357	50	effect	effect	NOUN
cblr-2896	357	51	35	35	NUM
cblr-2896	357	52	council	council	NOUN
cblr-2896	357	53	of	of	ADP
cblr-2896	357	54	institutional	institutional	ADJ
cblr-2896	357	55	investors	investor	NOUN
cblr-2896	357	56	,	,	PUNCT
cblr-2896	357	57	top	top	ADJ
cblr-2896	357	58	10	10	NUM
cblr-2896	357	59	red	red	ADJ
cblr-2896	357	60	flags	flag	NOUN
cblr-2896	357	61	to	to	PART
cblr-2896	357	62	watch	watch	VERB
cblr-2896	357	63	for	for	ADP
cblr-2896	357	64	when	when	SCONJ
cblr-2896	357	65	casting	cast	VERB
cblr-2896	357	66	an	an	DET
cblr-2896	357	67	advisory	advisory	ADJ
cblr-2896	357	68	vote	vote	NOUN
cblr-2896	357	69	on	on	ADP
cblr-2896	357	70	executive	executive	ADJ
cblr-2896	357	71	pay	pay	NOUN
cblr-2896	357	72	2	2	NUM
cblr-2896	357	73	(	(	PUNCT
cblr-2896	357	74	2010	2010	NUM
cblr-2896	357	75	)	)	PUNCT
cblr-2896	357	76	,	,	PUNCT
cblr-2896	357	77	available	available	ADJ
cblr-2896	357	78	at	at	ADP
cblr-2896	357	79	www.cii.org/userfiles/file/resource%20center/publications/	www.cii.org/userfiles/file/resource%20center/publications/	PROPN
cblr-2896	357	80	march%202010%20-%20say%20on%2opay%2ochecklist.pdf	march%202010%20-%20say%20on%2opay%2ochecklist.pdf	PROPN
cblr-2896	357	81	;	;	PUNCT
cblr-2896	357	82	see	see	VERB
cblr-2896	357	83	also	also	ADV
cblr-2896	357	84	lucian	lucian	PROPN
cblr-2896	357	85	a.	a.	PROPN
cblr-2896	357	86	bebchuk	bebchuk	PROPN
cblr-2896	357	87	&	&	CCONJ
cblr-2896	357	88	jesse	jesse	PROPN
cblr-2896	357	89	fried	fried	PROPN
cblr-2896	357	90	,	,	PUNCT
cblr-2896	357	91	paying	pay	VERB
cblr-2896	357	92	for	for	ADP
cblr-2896	357	93	long	long	ADJ
cblr-2896	357	94	-	-	PUNCT
cblr-2896	357	95	term	term	NOUN
cblr-2896	357	96	performance	performance	NOUN
cblr-2896	357	97	,	,	PUNCT
cblr-2896	357	98	158	158	NUM
cblr-2896	357	99	u.	u.	PROPN
cblr-2896	357	100	pa	pa	PROPN
cblr-2896	357	101	.	.	PUNCT
cblr-2896	357	102	l.	l.	PROPN
cblr-2896	357	103	rev	rev	PROPN
cblr-2896	357	104	.	.	PROPN
cblr-2896	357	105	1915	1915	NUM
cblr-2896	357	106	(	(	PUNCT
cblr-2896	357	107	2010	2010	NUM
cblr-2896	357	108	)	)	PUNCT
cblr-2896	357	109	(	(	PUNCT
cblr-2896	357	110	surveying	survey	VERB
cblr-2896	357	111	recent	recent	ADJ
cblr-2896	357	112	calls	call	NOUN
cblr-2896	357	113	for	for	ADP
cblr-2896	357	114	a	a	DET
cblr-2896	357	115	long	long	ADJ
cblr-2896	357	116	-	-	PUNCT
cblr-2896	357	117	term	term	NOUN
cblr-2896	357	118	focus	focus	NOUN
cblr-2896	357	119	in	in	ADP
cblr-2896	357	120	financial	financial	ADJ
cblr-2896	357	121	firm	firm	NOUN
cblr-2896	357	122	compensation	compensation	PROPN
cblr-2896	357	123	)	)	PUNCT
cblr-2896	357	124	.	.	PUNCT
cblr-2896	358	1	36	36	NUM
cblr-2896	358	2	adam	adam	PROPN
cblr-2896	358	3	0	0	NUM
cblr-2896	358	4	.	.	PUNCT
cblr-2896	359	1	emmerich	emmerich	PROPN
cblr-2896	359	2	,	,	PUNCT
cblr-2896	359	3	understanding	understand	VERB
cblr-2896	359	4	risk	risk	NOUN
cblr-2896	359	5	metrics	metric	NOUN
cblr-2896	359	6	compensation	compensation	NOUN
cblr-2896	359	7	"	"	PUNCT
cblr-2896	359	8	grid	grid	NOUN
cblr-2896	359	9	"	"	PUNCT
cblr-2896	359	10	,	,	PUNCT
cblr-2896	359	11	harv	harv	PROPN
cblr-2896	359	12	.	.	PUNCT
cblr-2896	360	1	l.	l.	PROPN
cblr-2896	360	2	sch	sch	PROPN
cblr-2896	360	3	.	.	PUNCT
cblr-2896	361	1	f.	f.	PROPN
cblr-2896	361	2	on	on	ADP
cblr-2896	361	3	corp	corp	PROPN
cblr-2896	361	4	.	.	PROPN
cblr-2896	361	5	gov	gov	PROPN
cblr-2896	361	6	.	.	PROPN
cblr-2896	361	7	&	&	CCONJ
cblr-2896	361	8	fin	fin	PROPN
cblr-2896	361	9	.	.	PUNCT
cblr-2896	362	1	reg	reg	PROPN
cblr-2896	362	2	.	.	PUNCT
cblr-2896	363	1	(	(	PUNCT
cblr-2896	363	2	june	june	PROPN
cblr-2896	363	3	1	1	NUM
cblr-2896	363	4	,	,	PUNCT
cblr-2896	363	5	2010	2010	NUM
cblr-2896	363	6	,	,	PUNCT
cblr-2896	363	7	9:31	9:31	NUM
cblr-2896	363	8	am	am	NOUN
cblr-2896	363	9	)	)	PUNCT
cblr-2896	363	10	,	,	PUNCT
cblr-2896	363	11	http://blogs.law.harvard.edulcorpgov/2010/06/01/understanding-risk	http://blogs.law.harvard.edulcorpgov/2010/06/01/understanding-risk	PROPN
cblr-2896	363	12	metrics	metrics	NOUN
cblr-2896	363	13	-	-	PUNCT
cblr-2896	363	14	compensation	compensation	NOUN
cblr-2896	363	15	-	-	PUNCT
cblr-2896	363	16	grid	grid	NOUN
cblr-2896	363	17	.	.	PUNCT
cblr-2896	364	1	37	37	NUM
cblr-2896	364	2	see	see	VERB
cblr-2896	364	3	supra	supra	ADJ
cblr-2896	364	4	text	text	NOUN
cblr-2896	364	5	accompanying	accompanying	ADJ
cblr-2896	364	6	note	note	NOUN
cblr-2896	364	7	9	9	NUM
cblr-2896	364	8	.	.	SYM
cblr-2896	364	9	38	38	NUM
cblr-2896	364	10	section	section	NOUN
cblr-2896	364	11	956(b	956(b	NUM
cblr-2896	364	12	)	)	PUNCT
cblr-2896	364	13	of	of	ADP
cblr-2896	364	14	the	the	DET
cblr-2896	364	15	dodd	dodd	PROPN
cblr-2896	364	16	-	-	PUNCT
cblr-2896	364	17	frank	frank	PROPN
cblr-2896	364	18	act	act	PROPN
cblr-2896	364	19	requires	require	VERB
cblr-2896	364	20	financial	financial	ADJ
cblr-2896	364	21	regulators	regulator	NOUN
cblr-2896	364	22	to	to	PART
cblr-2896	364	23	promulgate	promulgate	VERB
cblr-2896	364	24	regulations	regulation	NOUN
cblr-2896	364	25	that	that	PRON
cblr-2896	364	26	prohibit	prohibit	VERB
cblr-2896	364	27	compensation	compensation	NOUN
cblr-2896	364	28	practices	practice	NOUN
cblr-2896	364	29	by	by	ADP
cblr-2896	364	30	covered	cover	VERB
cblr-2896	364	31	financial	financial	ADJ
cblr-2896	364	32	institutions	institution	NOUN
cblr-2896	364	33	(	(	PUNCT
cblr-2896	364	34	those	those	PRON
cblr-2896	364	35	with	with	ADP
cblr-2896	364	36	at	at	ADV
cblr-2896	364	37	least	least	ADV
cblr-2896	364	38	$	$	SYM
cblr-2896	364	39	1	1	NUM
cblr-2896	364	40	billion	billion	NUM
cblr-2896	364	41	in	in	ADP
cblr-2896	364	42	assets	asset	NOUN
cblr-2896	364	43	)	)	PUNCT
cblr-2896	364	44	that	that	PRON
cblr-2896	364	45	provide	provide	VERB
cblr-2896	364	46	officers	officer	NOUN
cblr-2896	364	47	or	or	CCONJ
cblr-2896	364	48	employees	employee	NOUN
cblr-2896	364	49	"	"	PUNCT
cblr-2896	364	50	with	with	ADP
cblr-2896	364	51	excessive	excessive	ADJ
cblr-2896	364	52	compensation	compensation	NOUN
cblr-2896	364	53	,	,	PUNCT
cblr-2896	364	54	fees	fee	NOUN
cblr-2896	364	55	,	,	PUNCT
cblr-2896	364	56	or	or	CCONJ
cblr-2896	364	57	benefits	benefit	NOUN
cblr-2896	364	58	"	"	PUNCT
cblr-2896	364	59	or	or	CCONJ
cblr-2896	364	60	"	"	PUNCT
cblr-2896	364	61	could	could	AUX
cblr-2896	364	62	lead	lead	VERB
cblr-2896	364	63	to	to	ADP
cblr-2896	364	64	material	material	VERB
cblr-2896	364	65	financial	financial	ADJ
cblr-2896	364	66	loss	loss	NOUN
cblr-2896	364	67	to	to	ADP
cblr-2896	364	68	the	the	DET
cblr-2896	364	69	covered	covered	ADJ
cblr-2896	364	70	financial	financial	ADJ
cblr-2896	364	71	institution	institution	NOUN
cblr-2896	364	72	.	.	PUNCT
cblr-2896	364	73	"	"	PUNCT
cblr-2896	365	1	12	12	NUM
cblr-2896	365	2	u.s.c	u.s.c	ADJ
cblr-2896	365	3	.	.	PUNCT
cblr-2896	366	1	§	§	PROPN
cblr-2896	366	2	5641	5641	NUM
cblr-2896	366	3	(	(	PUNCT
cblr-2896	366	4	2012	2012	NUM
cblr-2896	366	5	)	)	PUNCT
cblr-2896	366	6	.	.	PUNCT
cblr-2896	367	1	financial	financial	ADJ
cblr-2896	367	2	regulators	regulator	NOUN
cblr-2896	367	3	have	have	AUX
cblr-2896	367	4	proposed	propose	VERB
cblr-2896	367	5	an	an	DET
cblr-2896	367	6	implementing	implement	VERB
cblr-2896	367	7	rule	rule	NOUN
cblr-2896	367	8	.	.	PUNCT
cblr-2896	368	1	see	see	VERB
cblr-2896	368	2	incentive	incentive	NOUN
cblr-2896	368	3	-	-	PUNCT
cblr-2896	368	4	based	base	VERB
cblr-2896	368	5	compensation	compensation	NOUN
cblr-2896	368	6	arrangements	arrangement	NOUN
cblr-2896	368	7	,	,	PUNCT
cblr-2896	368	8	76	76	NUM
cblr-2896	368	9	fed	fed	PROPN
cblr-2896	368	10	.	.	PUNCT
cblr-2896	369	1	reg	reg	PROPN
cblr-2896	369	2	.	.	PUNCT
cblr-2896	370	1	21,170	21,170	NUM
cblr-2896	370	2	(	(	PUNCT
cblr-2896	370	3	proposed	propose	VERB
cblr-2896	370	4	apr	apr	PROPN
cblr-2896	370	5	.	.	PROPN
cblr-2896	370	6	14	14	NUM
cblr-2896	370	7	,	,	PUNCT
cblr-2896	370	8	2011	2011	NUM
cblr-2896	370	9	)	)	PUNCT
cblr-2896	370	10	.	.	PUNCT
cblr-2896	371	1	the	the	DET
cblr-2896	371	2	proposed	propose	VERB
cblr-2896	371	3	rule	rule	NOUN
cblr-2896	371	4	would	would	AUX
cblr-2896	371	5	incorporate	incorporate	VERB
cblr-2896	371	6	the	the	DET
cblr-2896	371	7	guidance	guidance	NOUN
cblr-2896	371	8	on	on	ADP
cblr-2896	371	9	sound	sound	ADJ
cblr-2896	371	10	incentive	incentive	NOUN
cblr-2896	371	11	compensation	compensation	NOUN
cblr-2896	371	12	policies	policy	NOUN
cblr-2896	371	13	,	,	PUNCT
cblr-2896	371	14	previously	previously	ADV
cblr-2896	371	15	adopted	adopt	VERB
cblr-2896	371	16	by	by	ADP
cblr-2896	371	17	the	the	DET
cblr-2896	371	18	federal	federal	ADJ
cblr-2896	371	19	banking	banking	NOUN
cblr-2896	371	20	agencies	agency	NOUN
cblr-2896	371	21	,	,	PUNCT
cblr-2896	371	22	the	the	DET
cblr-2896	371	23	office	office	NOUN
cblr-2896	371	24	of	of	ADP
cblr-2896	371	25	the	the	DET
cblr-2896	371	26	comptroller	comptroller	NOUN
cblr-2896	371	27	of	of	ADP
cblr-2896	371	28	the	the	DET
cblr-2896	371	29	currency	currency	NOUN
cblr-2896	371	30	,	,	PUNCT
cblr-2896	371	31	the	the	DET
cblr-2896	371	32	board	board	NOUN
cblr-2896	371	33	of	of	ADP
cblr-2896	371	34	governors	governor	NOUN
cblr-2896	371	35	of	of	ADP
cblr-2896	371	36	the	the	DET
cblr-2896	371	37	federal	federal	PROPN
cblr-2896	371	38	reserve	reserve	PROPN
cblr-2896	371	39	,	,	PUNCT
cblr-2896	371	40	the	the	DET
cblr-2896	371	41	federal	federal	ADJ
cblr-2896	371	42	deposit	deposit	NOUN
cblr-2896	371	43	insurance	insurance	NOUN
cblr-2896	371	44	corporation	corporation	NOUN
cblr-2896	371	45	,	,	PUNCT
cblr-2896	371	46	and	and	CCONJ
cblr-2896	371	47	the	the	DET
cblr-2896	371	48	office	office	NOUN
cblr-2896	371	49	of	of	ADP
cblr-2896	371	50	859	859	NUM
cblr-2896	371	51	of	of	ADP
cblr-2896	371	52	compensation	compensation	NOUN
cblr-2896	371	53	structures	structure	NOUN
cblr-2896	371	54	on	on	ADP
cblr-2896	371	55	risk	risk	NOUN
cblr-2896	371	56	-	-	PUNCT
cblr-2896	371	57	taking	taking	NOUN
cblr-2896	371	58	by	by	ADP
cblr-2896	371	59	financial	financial	ADJ
cblr-2896	371	60	firms	firm	NOUN
cblr-2896	371	61	,	,	PUNCT
cblr-2896	371	62	rather	rather	ADV
cblr-2896	371	63	than	than	ADP
cblr-2896	371	64	trying	try	VERB
cblr-2896	371	65	to	to	PART
cblr-2896	371	66	set	set	VERB
cblr-2896	371	67	compensation	compensation	NOUN
cblr-2896	371	68	ceilings	ceiling	NOUN
cblr-2896	371	69	.	.	PUNCT
cblr-2896	372	1	such	such	DET
cblr-2896	372	2	a	a	DET
cblr-2896	372	3	structural	structural	ADJ
cblr-2896	372	4	approach	approach	NOUN
cblr-2896	372	5	falls	fall	VERB
cblr-2896	372	6	more	more	ADV
cblr-2896	372	7	readily	readily	ADV
cblr-2896	372	8	in	in	ADP
cblr-2896	372	9	the	the	DET
cblr-2896	372	10	fed	fed	PROPN
cblr-2896	372	11	's	's	PART
cblr-2896	372	12	regulatory	regulatory	ADJ
cblr-2896	372	13	remit	remit	NOUN
cblr-2896	372	14	.	.	PUNCT
cblr-2896	373	1	moreover	moreover	ADV
cblr-2896	373	2	,	,	PUNCT
cblr-2896	373	3	this	this	DET
cblr-2896	373	4	particular	particular	ADJ
cblr-2896	373	5	mechanism	mechanism	NOUN
cblr-2896	373	6	does	do	AUX
cblr-2896	373	7	not	not	PART
cblr-2896	373	8	require	require	VERB
cblr-2896	373	9	the	the	DET
cblr-2896	373	10	fed	fed	PROPN
cblr-2896	373	11	to	to	PART
cblr-2896	373	12	devise	devise	VERB
cblr-2896	373	13	a	a	DET
cblr-2896	373	14	new	new	ADJ
cblr-2896	373	15	objective	objective	ADJ
cblr-2896	373	16	function	function	NOUN
cblr-2896	373	17	for	for	ADP
cblr-2896	373	18	the	the	DET
cblr-2896	373	19	financial	financial	ADJ
cblr-2896	373	20	firm	firm	NOUN
cblr-2896	373	21	,	,	PUNCT
cblr-2896	373	22	or	or	CCONJ
cblr-2896	373	23	to	to	PART
cblr-2896	373	24	produce	produce	VERB
cblr-2896	373	25	an	an	DET
cblr-2896	373	26	elaborate	elaborate	ADJ
cblr-2896	373	27	regulatory	regulatory	ADJ
cblr-2896	373	28	guide	guide	NOUN
cblr-2896	373	29	for	for	ADP
cblr-2896	373	30	implementation	implementation	NOUN
cblr-2896	373	31	of	of	ADP
cblr-2896	373	32	a	a	DET
cblr-2896	373	33	new	new	ADJ
cblr-2896	373	34	balance	balance	NOUN
cblr-2896	373	35	of	of	ADP
cblr-2896	373	36	interests	interest	NOUN
cblr-2896	373	37	between	between	ADP
cblr-2896	373	38	shareholder	shareholder	NOUN
cblr-2896	373	39	and	and	CCONJ
cblr-2896	373	40	creditor	creditor	NOUN
cblr-2896	373	41	interests	interest	NOUN
cblr-2896	373	42	in	in	ADP
cblr-2896	373	43	the	the	DET
cblr-2896	373	44	financial	financial	ADJ
cblr-2896	373	45	firm	firm	NOUN
cblr-2896	373	46	.	.	PUNCT
cblr-2896	374	1	convertible	convertible	ADJ
cblr-2896	374	2	equity	equity	NOUN
cblr-2896	374	3	-	-	PUNCT
cblr-2896	374	4	based	base	VERB
cblr-2896	374	5	pay	pay	NOUN
cblr-2896	374	6	is	be	AUX
cblr-2896	374	7	also	also	ADV
cblr-2896	374	8	consistent	consistent	ADJ
cblr-2896	374	9	with	with	ADP
cblr-2896	374	10	regulatory	regulatory	ADJ
cblr-2896	374	11	strategies	strategy	NOUN
cblr-2896	374	12	like	like	ADP
cblr-2896	374	13	"	"	PUNCT
cblr-2896	374	14	living	living	NOUN
cblr-2896	374	15	wills	will	NOUN
cblr-2896	374	16	"	"	PUNCT
cblr-2896	374	17	that	that	PRON
cblr-2896	374	18	force	force	VERB
cblr-2896	374	19	firms	firm	NOUN
cblr-2896	374	20	to	to	PART
cblr-2896	374	21	devise	devise	VERB
cblr-2896	374	22	mechanism	mechanism	NOUN
cblr-2896	374	23	of	of	ADP
cblr-2896	374	24	coping	cope	VERB
cblr-2896	374	25	with	with	ADP
cblr-2896	374	26	the	the	DET
cblr-2896	374	27	onset	onset	NOUN
cblr-2896	374	28	of	of	ADP
cblr-2896	374	29	financial	financial	ADJ
cblr-2896	374	30	distress	distress	NOUN
cblr-2896	374	31	.	.	PUNCT
cblr-2896	375	1	of	of	ADP
cblr-2896	375	2	particular	particular	ADJ
cblr-2896	375	3	importance	importance	NOUN
cblr-2896	375	4	,	,	PUNCT
cblr-2896	375	5	a	a	DET
cblr-2896	375	6	regulatory	regulatory	ADJ
cblr-2896	375	7	mandate	mandate	NOUN
cblr-2896	375	8	would	would	AUX
cblr-2896	375	9	provide	provide	VERB
cblr-2896	375	10	a	a	DET
cblr-2896	375	11	benefit	benefit	NOUN
cblr-2896	375	12	,	,	PUNCT
cblr-2896	375	13	not	not	PART
cblr-2896	375	14	a	a	DET
cblr-2896	375	15	cost	cost	NOUN
cblr-2896	375	16	,	,	PUNCT
cblr-2896	375	17	for	for	ADP
cblr-2896	375	18	a	a	DET
cblr-2896	375	19	diversified	diversified	ADJ
cblr-2896	375	20	shareholder	shareholder	NOUN
cblr-2896	375	21	.	.	PUNCT
cblr-2896	376	1	this	this	DET
cblr-2896	376	2	result	result	NOUN
cblr-2896	376	3	may	may	AUX
cblr-2896	376	4	not	not	PART
cblr-2896	376	5	be	be	AUX
cblr-2896	376	6	achievable	achievable	ADJ
cblr-2896	376	7	through	through	ADP
cblr-2896	376	8	private	private	ADJ
cblr-2896	376	9	ordering	ordering	NOUN
cblr-2896	376	10	because	because	SCONJ
cblr-2896	376	11	of	of	ADP
cblr-2896	376	12	the	the	DET
cblr-2896	376	13	organizational	organizational	ADJ
cblr-2896	376	14	advantages	advantage	NOUN
cblr-2896	376	15	of	of	ADP
cblr-2896	376	16	potential	potential	ADJ
cblr-2896	376	17	blocking	blocking	NOUN
cblr-2896	376	18	coalitions	coalition	NOUN
cblr-2896	376	19	made	make	VERB
cblr-2896	376	20	up	up	ADP
cblr-2896	376	21	of	of	ADP
cblr-2896	376	22	management	management	NOUN
cblr-2896	376	23	and	and	CCONJ
cblr-2896	376	24	large	large	ADJ
cblr-2896	376	25	shareholders	shareholder	NOUN
cblr-2896	376	26	as	as	SCONJ
cblr-2896	376	27	opposed	oppose	VERB
cblr-2896	376	28	to	to	ADP
cblr-2896	376	29	diversified	diversified	ADJ
cblr-2896	376	30	shareholders	shareholder	NOUN
cblr-2896	376	31	.	.	PUNCT
cblr-2896	377	1	v.	v.	ADP
cblr-2896	377	2	board	board	PROPN
cblr-2896	377	3	of	of	ADP
cblr-2896	377	4	directors	director	NOUN
cblr-2896	377	5	adoption	adoption	NOUN
cblr-2896	377	6	of	of	ADP
cblr-2896	377	7	convertible	convertible	ADJ
cblr-2896	377	8	equity	equity	NOUN
cblr-2896	377	9	-	-	PUNCT
cblr-2896	377	10	based	base	VERB
cblr-2896	377	11	pay	pay	NOUN
cblr-2896	377	12	as	as	ADP
cblr-2896	377	13	solving	solve	VERB
cblr-2896	377	14	a	a	DET
cblr-2896	377	15	fiduciary	fiduciary	ADJ
cblr-2896	377	16	duty	duty	NOUN
cblr-2896	377	17	problem	problem	NOUN
cblr-2896	377	18	the	the	DET
cblr-2896	377	19	decisions	decision	NOUN
cblr-2896	377	20	of	of	ADP
cblr-2896	377	21	a	a	DET
cblr-2896	377	22	systemically	systemically	ADV
cblr-2896	377	23	important	important	ADJ
cblr-2896	377	24	financial	financial	ADJ
cblr-2896	377	25	firm	firm	NOUN
cblr-2896	377	26	on	on	ADP
cblr-2896	377	27	the	the	DET
cblr-2896	377	28	edge	edge	NOUN
cblr-2896	377	29	of	of	ADP
cblr-2896	377	30	financial	financial	ADJ
cblr-2896	377	31	distress	distress	NOUN
cblr-2896	377	32	present	present	VERB
cblr-2896	377	33	distinct	distinct	ADJ
cblr-2896	377	34	fiduciary	fiduciary	ADJ
cblr-2896	377	35	duty	duty	NOUN
cblr-2896	377	36	challenges	challenge	NOUN
cblr-2896	377	37	for	for	ADP
cblr-2896	377	38	the	the	DET
cblr-2896	377	39	board	board	NOUN
cblr-2896	377	40	of	of	ADP
cblr-2896	377	41	directors	director	NOUN
cblr-2896	377	42	.	.	PUNCT
cblr-2896	378	1	in	in	ADP
cblr-2896	378	2	addition	addition	NOUN
cblr-2896	378	3	to	to	ADP
cblr-2896	378	4	the	the	DET
cblr-2896	378	5	likely	likely	ADJ
cblr-2896	378	6	clash	clash	NOUN
cblr-2896	378	7	of	of	ADP
cblr-2896	378	8	interests	interest	NOUN
cblr-2896	378	9	between	between	ADP
cblr-2896	378	10	shareholders	shareholder	NOUN
cblr-2896	378	11	and	and	CCONJ
cblr-2896	378	12	creditors	creditor	NOUN
cblr-2896	378	13	,	,	PUNCT
cblr-2896	378	14	there	there	PRON
cblr-2896	378	15	is	be	VERB
cblr-2896	378	16	a	a	DET
cblr-2896	378	17	novel	novel	ADJ
cblr-2896	378	18	conflict	conflict	NOUN
cblr-2896	378	19	between	between	ADP
cblr-2896	378	20	the	the	DET
cblr-2896	378	21	interests	interest	NOUN
cblr-2896	378	22	of	of	ADP
cblr-2896	378	23	managerial	managerial	ADJ
cblr-2896	378	24	shareholders	shareholder	NOUN
cblr-2896	378	25	and	and	CCONJ
cblr-2896	378	26	most	most	ADJ
cblr-2896	378	27	public	public	ADJ
cblr-2896	378	28	shareholders	shareholder	NOUN
cblr-2896	378	29	,	,	PUNCT
cblr-2896	378	30	who	who	PRON
cblr-2896	378	31	disproportionately	disproportionately	ADV
cblr-2896	378	32	face	face	VERB
cblr-2896	378	33	systemic	systemic	ADJ
cblr-2896	378	34	risk	risk	NOUN
cblr-2896	378	35	.	.	PUNCT
cblr-2896	379	1	convertible	convertible	ADJ
cblr-2896	379	2	equitybased	equitybase	VERB
cblr-2896	379	3	pay	pay	NOUN
cblr-2896	379	4	is	be	AUX
cblr-2896	379	5	an	an	DET
cblr-2896	379	6	ex	ex	X
cblr-2896	379	7	ante	ante	NOUN
cblr-2896	379	8	approach	approach	NOUN
cblr-2896	379	9	to	to	ADP
cblr-2896	379	10	resolving	resolve	VERB
cblr-2896	379	11	these	these	DET
cblr-2896	379	12	issues	issue	NOUN
cblr-2896	379	13	.	.	PUNCT
cblr-2896	380	1	thrift	thrift	NOUN
cblr-2896	380	2	supervision	supervision	NOUN
cblr-2896	380	3	.	.	PUNCT
cblr-2896	381	1	see	see	VERB
cblr-2896	381	2	75	75	NUM
cblr-2896	381	3	fed	fed	PROPN
cblr-2896	381	4	.	.	PUNCT
cblr-2896	382	1	reg	reg	PROPN
cblr-2896	382	2	.	.	PROPN
cblr-2896	383	1	36,395	36,395	NUM
cblr-2896	383	2	-	-	SYM
cblr-2896	383	3	02	02	NUM
cblr-2896	383	4	(	(	PUNCT
cblr-2896	383	5	june	june	PROPN
cblr-2896	383	6	25	25	NUM
cblr-2896	383	7	,	,	PUNCT
cblr-2896	383	8	2010	2010	NUM
cblr-2896	383	9	)	)	PUNCT
cblr-2896	383	10	.	.	PUNCT
cblr-2896	384	1	the	the	DET
cblr-2896	384	2	proposed	propose	VERB
cblr-2896	384	3	rule	rule	NOUN
cblr-2896	384	4	or	or	CCONJ
cblr-2896	384	5	its	its	PRON
cblr-2896	384	6	successors	successor	NOUN
cblr-2896	384	7	could	could	AUX
cblr-2896	384	8	include	include	VERB
cblr-2896	384	9	a	a	DET
cblr-2896	384	10	requirement	requirement	NOUN
cblr-2896	384	11	for	for	ADP
cblr-2896	384	12	convertible	convertible	ADJ
cblr-2896	384	13	equity	equity	NOUN
cblr-2896	384	14	-	-	PUNCT
cblr-2896	384	15	based	base	VERB
cblr-2896	384	16	pay	pay	NOUN
cblr-2896	384	17	.	.	PUNCT
cblr-2896	385	1	i	i	PRON
cblr-2896	385	2	d.	d.	VERB
cblr-2896	385	3	another	another	DET
cblr-2896	385	4	basis	basis	NOUN
cblr-2896	385	5	for	for	ADP
cblr-2896	385	6	regulatory	regulatory	ADJ
cblr-2896	385	7	intervention	intervention	NOUN
cblr-2896	385	8	is	be	AUX
cblr-2896	385	9	section	section	NOUN
cblr-2896	385	10	166	166	NUM
cblr-2896	385	11	of	of	ADP
cblr-2896	385	12	the	the	DET
cblr-2896	385	13	dodd	dodd	PROPN
cblr-2896	385	14	-	-	PUNCT
cblr-2896	385	15	frank	frank	PROPN
cblr-2896	385	16	act	act	PROPN
cblr-2896	385	17	mandating	mandate	VERB
cblr-2896	385	18	that	that	SCONJ
cblr-2896	385	19	the	the	DET
cblr-2896	385	20	federal	federal	PROPN
cblr-2896	385	21	reserve	reserve	PROPN
cblr-2896	385	22	require	require	VERB
cblr-2896	385	23	measures	measure	NOUN
cblr-2896	385	24	for	for	ADP
cblr-2896	385	25	"	"	PUNCT
cblr-2896	385	26	early	early	ADJ
cblr-2896	385	27	remediation	remediation	NOUN
cblr-2896	385	28	"	"	PUNCT
cblr-2896	385	29	of	of	ADP
cblr-2896	385	30	financial	financial	ADJ
cblr-2896	385	31	distress	distress	NOUN
cblr-2896	385	32	of	of	ADP
cblr-2896	385	33	systemically	systemically	ADV
cblr-2896	385	34	important	important	ADJ
cblr-2896	385	35	financial	financial	ADJ
cblr-2896	385	36	institutions	institution	NOUN
cblr-2896	385	37	.	.	PUNCT
cblr-2896	386	1	12	12	NUM
cblr-2896	386	2	u.s.c	u.s.c	ADJ
cblr-2896	386	3	.	.	PUNCT
cblr-2896	387	1	§	§	PROPN
cblr-2896	387	2	5366	5366	NUM
cblr-2896	387	3	(	(	PUNCT
cblr-2896	387	4	2012	2012	NUM
cblr-2896	387	5	)	)	PUNCT
cblr-2896	387	6	.	.	PUNCT
cblr-2896	388	1	a	a	DET
cblr-2896	388	2	compensation	compensation	NOUN
cblr-2896	388	3	feature	feature	NOUN
cblr-2896	388	4	that	that	PRON
cblr-2896	388	5	assures	assure	VERB
cblr-2896	388	6	appropriate	appropriate	ADJ
cblr-2896	388	7	managerial	managerial	ADJ
cblr-2896	388	8	incentives	incentive	NOUN
cblr-2896	388	9	in	in	ADP
cblr-2896	388	10	a	a	DET
cblr-2896	388	11	firm	firm	ADJ
cblr-2896	388	12	facing	face	VERB
cblr-2896	388	13	financial	financial	ADJ
cblr-2896	388	14	distress	distress	NOUN
cblr-2896	388	15	would	would	AUX
cblr-2896	388	16	be	be	AUX
cblr-2896	388	17	a	a	DET
cblr-2896	388	18	useful	useful	ADJ
cblr-2896	388	19	,	,	PUNCT
cblr-2896	388	20	additional	additional	ADJ
cblr-2896	388	21	component	component	NOUN
cblr-2896	388	22	.	.	PUNCT
cblr-2896	389	1	col	col	PROPN
cblr-2896	389	2	umia	umia	PROPN
cblr-2896	389	3	b	b	PROPN
cblr-2896	389	4	usiness	usiness	PROPN
cblr-2896	389	5	la	la	PROPN
cblr-2896	389	6	w	w	PROPN
cblr-2896	389	7	re	re	PROPN
cblr-2896	389	8	vie	vie	PROPN
cblr-2896	389	9	w	w	PROPN
cblr-2896	390	1	[	[	X
cblr-2896	390	2	vol	vol	NOUN
cblr-2896	390	3	.	.	PUNCT
cblr-2896	390	4	2012860	2012860	NUM
cblr-2896	390	5	no	no	INTJ
cblr-2896	390	6	.	.	PUNCT
cblr-2896	391	1	3:834	3:834	NUM
cblr-2896	391	2	]	]	X
cblr-2896	391	3	the	the	DET
cblr-2896	391	4	case	case	NOUN
cblr-2896	391	5	for	for	ADP
cblr-2896	391	6	convertible	convertible	ADJ
cblr-2896	391	7	equity	equity	NOUN
cblr-2896	391	8	-	-	PUNCT
cblr-2896	391	9	based	base	VERB
cblr-2896	391	10	pay	pay	NOUN
cblr-2896	391	11	ever	ever	ADV
cblr-2896	391	12	since	since	SCONJ
cblr-2896	391	13	chancellor	chancellor	PROPN
cblr-2896	391	14	allen	allen	PROPN
cblr-2896	391	15	's	's	PART
cblr-2896	391	16	famous	famous	ADJ
cblr-2896	391	17	footnote	footnote	NOUN
cblr-2896	391	18	in	in	ADP
cblr-2896	391	19	the	the	DET
cblr-2896	391	20	credit	credit	NOUN
cblr-2896	391	21	lyonnais	lyonnais	PROPN
cblr-2896	391	22	case,3	case,3	ADV
cblr-2896	391	23	9	9	NUM
cblr-2896	391	24	the	the	DET
cblr-2896	391	25	delaware	delaware	PROPN
cblr-2896	391	26	courts	court	NOUN
cblr-2896	391	27	and	and	CCONJ
cblr-2896	391	28	boards	board	NOUN
cblr-2896	391	29	of	of	ADP
cblr-2896	391	30	firms	firm	NOUN
cblr-2896	391	31	incorporated	incorporate	VERB
cblr-2896	391	32	in	in	ADP
cblr-2896	391	33	delaware	delaware	PROPN
cblr-2896	391	34	have	have	AUX
cblr-2896	391	35	struggled	struggle	VERB
cblr-2896	391	36	with	with	ADP
cblr-2896	391	37	the	the	DET
cblr-2896	391	38	question	question	NOUN
cblr-2896	391	39	of	of	ADP
cblr-2896	391	40	the	the	DET
cblr-2896	391	41	board	board	NOUN
cblr-2896	391	42	's	's	PART
cblr-2896	391	43	fiduciary	fiduciary	ADJ
cblr-2896	391	44	duties	duty	NOUN
cblr-2896	391	45	to	to	ADP
cblr-2896	391	46	creditors	creditor	NOUN
cblr-2896	391	47	as	as	SCONJ
cblr-2896	391	48	the	the	DET
cblr-2896	391	49	firm	firm	NOUN
cblr-2896	391	50	approaches	approach	VERB
cblr-2896	391	51	the	the	DET
cblr-2896	391	52	"	"	PUNCT
cblr-2896	391	53	vicinity	vicinity	NOUN
cblr-2896	391	54	"	"	PUNCT
cblr-2896	391	55	or	or	CCONJ
cblr-2896	391	56	"	"	PUNCT
cblr-2896	391	57	zone	zone	NOUN
cblr-2896	391	58	"	"	PUNCT
cblr-2896	391	59	of	of	ADP
cblr-2896	391	60	insolvency	insolvency	NOUN
cblr-2896	391	61	.	.	PUNCT
cblr-2896	392	1	should	should	AUX
cblr-2896	392	2	the	the	DET
cblr-2896	392	3	board	board	NOUN
cblr-2896	392	4	's	's	PART
cblr-2896	392	5	customary	customary	ADJ
cblr-2896	392	6	duty	duty	NOUN
cblr-2896	392	7	to	to	ADP
cblr-2896	392	8	shareholders	shareholder	NOUN
cblr-2896	392	9	shift	shift	VERB
cblr-2896	392	10	so	so	SCONJ
cblr-2896	392	11	as	as	SCONJ
cblr-2896	392	12	to	to	PART
cblr-2896	392	13	require	require	VERB
cblr-2896	392	14	at	at	ADP
cblr-2896	392	15	least	least	ADJ
cblr-2896	392	16	some	some	DET
cblr-2896	392	17	concern	concern	NOUN
cblr-2896	392	18	for	for	ADP
cblr-2896	392	19	creditors	creditor	NOUN
cblr-2896	392	20	,	,	PUNCT
cblr-2896	392	21	or	or	CCONJ
cblr-2896	392	22	should	should	AUX
cblr-2896	392	23	shareholder	shareholder	NOUN
cblr-2896	392	24	interests	interest	NOUN
cblr-2896	392	25	remain	remain	VERB
cblr-2896	392	26	the	the	DET
cblr-2896	392	27	priority	priority	NOUN
cblr-2896	392	28	in	in	ADP
cblr-2896	392	29	the	the	DET
cblr-2896	392	30	event	event	NOUN
cblr-2896	392	31	of	of	ADP
cblr-2896	392	32	a	a	DET
cblr-2896	392	33	conflict	conflict	NOUN
cblr-2896	392	34	?	?	PUNCT
cblr-2896	393	1	the	the	DET
cblr-2896	393	2	concern	concern	NOUN
cblr-2896	393	3	is	be	AUX
cblr-2896	393	4	particularly	particularly	ADV
cblr-2896	393	5	acute	acute	ADJ
cblr-2896	393	6	when	when	SCONJ
cblr-2896	393	7	pursuit	pursuit	NOUN
cblr-2896	393	8	of	of	ADP
cblr-2896	393	9	shareholder	shareholder	NOUN
cblr-2896	393	10	interests	interest	NOUN
cblr-2896	393	11	may	may	AUX
cblr-2896	393	12	result	result	VERB
cblr-2896	393	13	in	in	ADP
cblr-2896	393	14	negative	negative	ADJ
cblr-2896	393	15	net	net	ADJ
cblr-2896	393	16	present	present	ADJ
cblr-2896	393	17	value	value	NOUN
cblr-2896	393	18	bets	bet	NOUN
cblr-2896	393	19	in	in	ADP
cblr-2896	393	20	which	which	PRON
cblr-2896	393	21	the	the	DET
cblr-2896	393	22	upside	upside	NOUN
cblr-2896	393	23	goes	go	VERB
cblr-2896	393	24	to	to	ADP
cblr-2896	393	25	shareholders	shareholder	NOUN
cblr-2896	393	26	while	while	SCONJ
cblr-2896	393	27	most	most	ADJ
cblr-2896	393	28	,	,	PUNCT
cblr-2896	393	29	if	if	SCONJ
cblr-2896	393	30	not	not	PART
cblr-2896	393	31	all	all	PRON
cblr-2896	393	32	,	,	PUNCT
cblr-2896	393	33	of	of	ADP
cblr-2896	393	34	the	the	DET
cblr-2896	393	35	downside	downside	NOUN
cblr-2896	393	36	,	,	PUNCT
cblr-2896	393	37	hits	hit	VERB
cblr-2896	393	38	creditors	creditor	NOUN
cblr-2896	393	39	.	.	PUNCT
cblr-2896	394	1	after	after	ADP
cblr-2896	394	2	some	some	DET
cblr-2896	394	3	initial	initial	ADJ
cblr-2896	394	4	doctrinal	doctrinal	ADJ
cblr-2896	394	5	uncertainty	uncertainty	NOUN
cblr-2896	394	6	,	,	PUNCT
cblr-2896	394	7	delaware	delaware	PROPN
cblr-2896	394	8	corporate	corporate	PROPN
cblr-2896	394	9	law	law	NOUN
cblr-2896	394	10	attempted	attempt	VERB
cblr-2896	394	11	to	to	PART
cblr-2896	394	12	mitigate	mitigate	VERB
cblr-2896	394	13	this	this	DET
cblr-2896	394	14	problem	problem	NOUN
cblr-2896	394	15	by	by	ADP
cblr-2896	394	16	permitting	permit	VERB
cblr-2896	394	17	,	,	PUNCT
cblr-2896	394	18	but	but	CCONJ
cblr-2896	394	19	not	not	PART
cblr-2896	394	20	obligating	obligate	VERB
cblr-2896	394	21	,	,	PUNCT
cblr-2896	394	22	the	the	DET
cblr-2896	394	23	board	board	NOUN
cblr-2896	394	24	of	of	ADP
cblr-2896	394	25	a	a	DET
cblr-2896	394	26	firm	firm	NOUN
cblr-2896	394	27	that	that	PRON
cblr-2896	394	28	is	be	AUX
cblr-2896	394	29	in	in	ADP
cblr-2896	394	30	the	the	DET
cblr-2896	394	31	"	"	PUNCT
cblr-2896	394	32	zone	zone	NOUN
cblr-2896	394	33	of	of	ADP
cblr-2896	394	34	insolvency	insolvency	NOUN
cblr-2896	394	35	"	"	PUNCT
cblr-2896	394	36	to	to	PART
cblr-2896	394	37	consider	consider	VERB
cblr-2896	394	38	creditor	creditor	NOUN
cblr-2896	394	39	interests	interest	NOUN
cblr-2896	394	40	,	,	PUNCT
cblr-2896	394	41	not	not	PART
cblr-2896	394	42	just	just	ADV
cblr-2896	394	43	shareholder	shareholder	NOUN
cblr-2896	394	44	interests	interest	NOUN
cblr-2896	394	45	.	.	PUNCT
cblr-2896	395	1	4	4	NUM
cblr-2896	395	2	0	0	NUM
cblr-2896	395	3	nevertheless	nevertheless	ADV
cblr-2896	395	4	,	,	PUNCT
cblr-2896	395	5	the	the	DET
cblr-2896	395	6	creditors	creditor	NOUN
cblr-2896	395	7	can	can	AUX
cblr-2896	395	8	bring	bring	VERB
cblr-2896	395	9	a	a	DET
cblr-2896	395	10	derivative	derivative	ADJ
cblr-2896	395	11	claim	claim	NOUN
cblr-2896	395	12	for	for	ADP
cblr-2896	395	13	detrimental	detrimental	ADJ
cblr-2896	395	14	actions	action	NOUN
cblr-2896	395	15	taken	take	VERB
cblr-2896	395	16	after	after	SCONJ
cblr-2896	395	17	the	the	DET
cblr-2896	395	18	corporation	corporation	NOUN
cblr-2896	395	19	becomes	become	VERB
cblr-2896	395	20	insolvent	insolvent	ADJ
cblr-2896	395	21	,	,	PUNCT
cblr-2896	395	22	such	such	ADJ
cblr-2896	395	23	as	as	ADP
cblr-2896	395	24	the	the	DET
cblr-2896	395	25	negative	negative	ADJ
cblr-2896	395	26	net	net	ADJ
cblr-2896	395	27	39	39	NUM
cblr-2896	395	28	credit	credit	NOUN
cblr-2896	395	29	lyonnais	lyonnais	PROPN
cblr-2896	395	30	bank	bank	PROPN
cblr-2896	395	31	nederland	nederland	PROPN
cblr-2896	395	32	,	,	PUNCT
cblr-2896	395	33	n.v	n.v	PROPN
cblr-2896	395	34	.	.	PROPN
cblr-2896	395	35	v.	v.	PROPN
cblr-2896	395	36	pathe	pathe	PROPN
cblr-2896	395	37	commc'ns	commc'ns	PROPN
cblr-2896	395	38	corp	corp	PROPN
cblr-2896	395	39	.	.	PROPN
cblr-2896	395	40	,	,	PUNCT
cblr-2896	395	41	civ	civ	NOUN
cblr-2896	395	42	.	.	PUNCT
cblr-2896	395	43	a.	a.	NOUN
cblr-2896	395	44	no	no	PROPN
cblr-2896	395	45	.	.	PROPN
cblr-2896	396	1	12150	12150	NUM
cblr-2896	396	2	,	,	PUNCT
cblr-2896	396	3	1991	1991	NUM
cblr-2896	396	4	wl	wl	NOUN
cblr-2896	396	5	277613	277613	NUM
cblr-2896	396	6	,	,	PUNCT
cblr-2896	396	7	at	at	ADP
cblr-2896	396	8	*	*	NUM
cblr-2896	396	9	1155	1155	NUM
cblr-2896	396	10	n.55	n.55	ADP
cblr-2896	396	11	(	(	PUNCT
cblr-2896	396	12	del	del	PROPN
cblr-2896	396	13	.	.	PROPN
cblr-2896	396	14	ch	ch	PROPN
cblr-2896	396	15	.	.	PUNCT
cblr-2896	397	1	dec	dec	PROPN
cblr-2896	397	2	.	.	PROPN
cblr-2896	397	3	30	30	NUM
cblr-2896	397	4	,	,	PUNCT
cblr-2896	397	5	1991	1991	NUM
cblr-2896	397	6	)	)	PUNCT
cblr-2896	397	7	.	.	PUNCT
cblr-2896	398	1	the	the	DET
cblr-2896	398	2	footnote	footnote	NOUN
cblr-2896	398	3	provided	provide	VERB
cblr-2896	398	4	a	a	DET
cblr-2896	398	5	hypothetical	hypothetical	ADJ
cblr-2896	398	6	in	in	ADP
cblr-2896	398	7	which	which	PRON
cblr-2896	398	8	a	a	DET
cblr-2896	398	9	highly	highly	ADV
cblr-2896	398	10	levered	lever	VERB
cblr-2896	398	11	firm	firm	NOUN
cblr-2896	398	12	faced	face	VERB
cblr-2896	398	13	a	a	DET
cblr-2896	398	14	choice	choice	NOUN
cblr-2896	398	15	between	between	ADP
cblr-2896	398	16	(	(	PUNCT
cblr-2896	398	17	i	i	NOUN
cblr-2896	398	18	)	)	PUNCT
cblr-2896	398	19	accepting	accept	VERB
cblr-2896	398	20	a	a	DET
cblr-2896	398	21	litigation	litigation	NOUN
cblr-2896	398	22	settlement	settlement	NOUN
cblr-2896	398	23	offer	offer	NOUN
cblr-2896	398	24	that	that	PRON
cblr-2896	398	25	would	would	AUX
cblr-2896	398	26	fully	fully	ADV
cblr-2896	398	27	cover	cover	VERB
cblr-2896	398	28	creditor	creditor	NOUN
cblr-2896	398	29	claims	claim	NOUN
cblr-2896	398	30	,	,	PUNCT
cblr-2896	398	31	but	but	CCONJ
cblr-2896	398	32	leave	leave	VERB
cblr-2896	398	33	only	only	ADV
cblr-2896	398	34	a	a	DET
cblr-2896	398	35	small	small	ADJ
cblr-2896	398	36	amount	amount	NOUN
cblr-2896	398	37	for	for	ADP
cblr-2896	398	38	shareholders	shareholder	NOUN
cblr-2896	398	39	,	,	PUNCT
cblr-2896	398	40	or	or	CCONJ
cblr-2896	398	41	(	(	PUNCT
cblr-2896	398	42	ii	ii	NOUN
cblr-2896	398	43	)	)	PUNCT
cblr-2896	398	44	defending	defend	VERB
cblr-2896	398	45	on	on	ADP
cblr-2896	398	46	appeal	appeal	NOUN
cblr-2896	398	47	a	a	DET
cblr-2896	398	48	highly	highly	ADV
cblr-2896	398	49	favorable	favorable	ADJ
cblr-2896	398	50	verdict	verdict	NOUN
cblr-2896	398	51	that	that	SCONJ
cblr-2896	398	52	if	if	SCONJ
cblr-2896	398	53	sustained	sustain	VERB
cblr-2896	398	54	would	would	AUX
cblr-2896	398	55	provide	provide	VERB
cblr-2896	398	56	shareholders	shareholder	NOUN
cblr-2896	398	57	with	with	ADP
cblr-2896	398	58	a	a	DET
cblr-2896	398	59	substantial	substantial	ADJ
cblr-2896	398	60	recovery	recovery	NOUN
cblr-2896	398	61	,	,	PUNCT
cblr-2896	398	62	but	but	CCONJ
cblr-2896	398	63	if	if	SCONJ
cblr-2896	398	64	reversed	reverse	VERB
cblr-2896	398	65	could	could	AUX
cblr-2896	398	66	lead	lead	VERB
cblr-2896	398	67	to	to	ADP
cblr-2896	398	68	the	the	DET
cblr-2896	398	69	firm	firm	NOUN
cblr-2896	398	70	's	's	PART
cblr-2896	398	71	insolvency	insolvency	NOUN
cblr-2896	398	72	.	.	PUNCT
cblr-2896	399	1	given	give	VERB
cblr-2896	399	2	the	the	DET
cblr-2896	399	3	odds	odd	NOUN
cblr-2896	399	4	on	on	ADP
cblr-2896	399	5	appeal	appeal	NOUN
cblr-2896	399	6	,	,	PUNCT
cblr-2896	399	7	rejecting	reject	VERB
cblr-2896	399	8	the	the	DET
cblr-2896	399	9	settlement	settlement	NOUN
cblr-2896	399	10	in	in	ADP
cblr-2896	399	11	favor	favor	NOUN
cblr-2896	399	12	of	of	ADP
cblr-2896	399	13	the	the	DET
cblr-2896	399	14	appeal	appeal	NOUN
cblr-2896	399	15	would	would	AUX
cblr-2896	399	16	be	be	AUX
cblr-2896	399	17	a	a	DET
cblr-2896	399	18	good	good	ADJ
cblr-2896	399	19	bet	bet	NOUN
cblr-2896	399	20	for	for	ADP
cblr-2896	399	21	shareholders	shareholder	NOUN
cblr-2896	399	22	(	(	PUNCT
cblr-2896	399	23	since	since	SCONJ
cblr-2896	399	24	the	the	DET
cblr-2896	399	25	creditors	creditor	NOUN
cblr-2896	399	26	bore	bear	VERB
cblr-2896	399	27	most	most	ADJ
cblr-2896	399	28	of	of	ADP
cblr-2896	399	29	the	the	DET
cblr-2896	399	30	downside	downside	ADJ
cblr-2896	399	31	risk	risk	NOUN
cblr-2896	399	32	)	)	PUNCT
cblr-2896	399	33	but	but	CCONJ
cblr-2896	399	34	a	a	DET
cblr-2896	399	35	poor	poor	ADJ
cblr-2896	399	36	bet	bet	NOUN
cblr-2896	399	37	for	for	ADP
cblr-2896	399	38	creditors	creditor	NOUN
cblr-2896	399	39	,	,	PUNCT
cblr-2896	399	40	and	and	CCONJ
cblr-2896	399	41	a	a	DET
cblr-2896	399	42	negative	negative	ADJ
cblr-2896	399	43	net	net	ADJ
cblr-2896	399	44	present	present	ADJ
cblr-2896	399	45	value	value	NOUN
cblr-2896	399	46	bet	bet	NOUN
cblr-2896	399	47	when	when	SCONJ
cblr-2896	399	48	both	both	DET
cblr-2896	399	49	equity	equity	NOUN
cblr-2896	399	50	and	and	CCONJ
cblr-2896	399	51	debt	debt	NOUN
cblr-2896	399	52	claims	claim	NOUN
cblr-2896	399	53	were	be	AUX
cblr-2896	399	54	aggregated	aggregate	VERB
cblr-2896	399	55	.	.	PUNCT
cblr-2896	400	1	i	i	PRON
cblr-2896	400	2	d.	d.	PROPN
cblr-2896	400	3	;	;	PUNCT
cblr-2896	400	4	see	see	VERB
cblr-2896	400	5	also	also	ADV
cblr-2896	400	6	bo	bo	PROPN
cblr-2896	400	7	becker	becker	PROPN
cblr-2896	400	8	&	&	CCONJ
cblr-2896	400	9	per	per	ADP
cblr-2896	400	10	stromberg	stromberg	PROPN
cblr-2896	400	11	,	,	PUNCT
cblr-2896	400	12	equitydebtholder	equitydebtholder	NOUN
cblr-2896	400	13	conflicts	conflict	NOUN
cblr-2896	400	14	and	and	CCONJ
cblr-2896	400	15	capital	capital	NOUN
cblr-2896	400	16	structure	structure	NOUN
cblr-2896	400	17	(	(	PUNCT
cblr-2896	400	18	harv	harv	PROPN
cblr-2896	400	19	.	.	PUNCT
cblr-2896	401	1	bus	bus	NOUN
cblr-2896	401	2	.	.	PUNCT
cblr-2896	402	1	sch	sch	PROPN
cblr-2896	402	2	.	.	PROPN
cblr-2896	402	3	,	,	PUNCT
cblr-2896	402	4	nat'1	nat'1	PROPN
cblr-2896	402	5	bureau	bureau	NOUN
cblr-2896	402	6	of	of	ADP
cblr-2896	402	7	econ	econ	PROPN
cblr-2896	402	8	.	.	PUNCT
cblr-2896	403	1	research	research	PROPN
cblr-2896	403	2	,	,	PUNCT
cblr-2896	403	3	working	work	VERB
cblr-2896	403	4	paper	paper	NOUN
cblr-2896	403	5	no	no	INTJ
cblr-2896	403	6	.	.	PROPN
cblr-2896	404	1	10	10	NUM
cblr-2896	404	2	-	-	PUNCT
cblr-2896	404	3	070	070	NUM
cblr-2896	404	4	,	,	PUNCT
cblr-2896	404	5	2010	2010	NUM
cblr-2896	404	6	)	)	PUNCT
cblr-2896	404	7	,	,	PUNCT
cblr-2896	404	8	available	available	ADJ
cblr-2896	404	9	at	at	ADP
cblr-2896	404	10	http://ssrn.com/abstract=1555660	http://ssrn.com/abstract=1555660	PROPN
cblr-2896	404	11	(	(	PUNCT
cblr-2896	404	12	describing	describe	VERB
cblr-2896	404	13	the	the	DET
cblr-2896	404	14	capital	capital	NOUN
cblr-2896	404	15	structure	structure	NOUN
cblr-2896	404	16	effects	effect	NOUN
cblr-2896	404	17	of	of	ADP
cblr-2896	404	18	credit	credit	NOUN
cblr-2896	404	19	lyonnais	lyonnais	PROPN
cblr-2896	404	20	)	)	PUNCT
cblr-2896	404	21	.	.	PUNCT
cblr-2896	405	1	40	40	NUM
cblr-2896	405	2	prod	prod	NOUN
cblr-2896	405	3	.	.	PUNCT
cblr-2896	406	1	res	re	NOUN
cblr-2896	406	2	.	.	PUNCT
cblr-2896	407	1	grp	grp	PROPN
cblr-2896	407	2	.	.	PROPN
cblr-2896	407	3	,	,	PUNCT
cblr-2896	407	4	llc	llc	PROPN
cblr-2896	407	5	v.	v.	CCONJ
cblr-2896	407	6	nct	nct	PROPN
cblr-2896	407	7	grp	grp	PROPN
cblr-2896	407	8	.	.	PROPN
cblr-2896	407	9	,	,	PUNCT
cblr-2896	407	10	inc	inc	PROPN
cblr-2896	407	11	.	.	PROPN
cblr-2896	407	12	,	,	PUNCT
cblr-2896	407	13	863	863	NUM
cblr-2896	407	14	a.2d	a.2d	SYM
cblr-2896	407	15	772	772	NUM
cblr-2896	407	16	,	,	PUNCT
cblr-2896	407	17	788	788	NUM
cblr-2896	407	18	-	-	SYM
cblr-2896	407	19	89	89	NUM
cblr-2896	407	20	(	(	PUNCT
cblr-2896	407	21	del	del	PROPN
cblr-2896	407	22	.	.	PROPN
cblr-2896	407	23	ch	ch	PROPN
cblr-2896	407	24	.	.	PROPN
cblr-2896	407	25	2004	2004	NUM
cblr-2896	407	26	)	)	PUNCT
cblr-2896	407	27	(	(	PUNCT
cblr-2896	407	28	providing	provide	VERB
cblr-2896	407	29	"	"	PUNCT
cblr-2896	407	30	shield	shield	NOUN
cblr-2896	407	31	"	"	PUNCT
cblr-2896	407	32	against	against	ADP
cblr-2896	407	33	shareholder	shareholder	NOUN
cblr-2896	407	34	objection	objection	NOUN
cblr-2896	407	35	,	,	PUNCT
cblr-2896	407	36	not	not	PART
cblr-2896	407	37	a	a	DET
cblr-2896	407	38	"	"	PUNCT
cblr-2896	407	39	sword	sword	NOUN
cblr-2896	407	40	"	"	PUNCT
cblr-2896	407	41	for	for	ADP
cblr-2896	407	42	creditor	creditor	NOUN
cblr-2896	407	43	imperative	imperative	NOUN
cblr-2896	407	44	)	)	PUNCT
cblr-2896	407	45	;	;	PUNCT
cblr-2896	407	46	n.	n.	PROPN
cblr-2896	407	47	am	am	PROPN
cblr-2896	407	48	.	.	PUNCT
cblr-2896	408	1	catholic	catholic	PROPN
cblr-2896	408	2	edue	edue	ADJ
cblr-2896	408	3	.	.	PUNCT
cblr-2896	409	1	programming	programming	NOUN
cblr-2896	409	2	found	find	VERB
cblr-2896	409	3	.	.	PUNCT
cblr-2896	409	4	,	,	PUNCT
cblr-2896	409	5	inc	inc	PROPN
cblr-2896	409	6	.	.	PROPN
cblr-2896	409	7	v.	v.	ADP
cblr-2896	409	8	gheewalla	gheewalla	PROPN
cblr-2896	409	9	,	,	PUNCT
cblr-2896	409	10	930	930	NUM
cblr-2896	409	11	a.2d	a.2d	NUM
cblr-2896	409	12	92	92	NUM
cblr-2896	409	13	,	,	PUNCT
cblr-2896	409	14	100	100	NUM
cblr-2896	409	15	(	(	PUNCT
cblr-2896	409	16	del	del	PROPN
cblr-2896	409	17	.	.	PROPN
cblr-2896	409	18	2007	2007	NUM
cblr-2896	409	19	)	)	PUNCT
cblr-2896	409	20	.	.	PUNCT
cblr-2896	410	1	861	861	NUM
cblr-2896	410	2	862	862	NUM
cblr-2896	410	3	columbia	columbia	PROPN
cblr-2896	410	4	b	b	PROPN
cblr-2896	410	5	usiness	usiness	PROPN
cblr-2896	410	6	law	law	PROPN
cblr-2896	410	7	re	re	PROPN
cblr-2896	410	8	vie	vie	PROPN
cblr-2896	410	9	w	w	PROPN
cblr-2896	411	1	[	[	X
cblr-2896	411	2	vol	vol	NOUN
cblr-2896	411	3	.	.	PUNCT
cblr-2896	411	4	2012	2012	NUM
cblr-2896	411	5	present	present	ADJ
cblr-2896	411	6	value	value	NOUN
cblr-2896	411	7	bet	bet	NOUN
cblr-2896	411	8	that	that	PRON
cblr-2896	411	9	favors	favor	VERB
cblr-2896	411	10	the	the	DET
cblr-2896	411	11	shareholders	shareholder	NOUN
cblr-2896	411	12	over	over	ADP
cblr-2896	411	13	the	the	DET
cblr-2896	411	14	interests	interest	NOUN
cblr-2896	411	15	of	of	ADP
cblr-2896	411	16	the	the	DET
cblr-2896	411	17	corporation.4	corporation.4	PROPN
cblr-2896	411	18	1	1	NUM
cblr-2896	411	19	a	a	DET
cblr-2896	411	20	systemically	systemically	ADV
cblr-2896	411	21	important	important	ADJ
cblr-2896	411	22	financial	financial	ADJ
cblr-2896	411	23	firm	firm	NOUN
cblr-2896	411	24	in	in	ADP
cblr-2896	411	25	the	the	DET
cblr-2896	411	26	zone	zone	NOUN
cblr-2896	411	27	of	of	ADP
cblr-2896	411	28	insolvency	insolvency	NOUN
cblr-2896	411	29	presents	present	NOUN
cblr-2896	411	30	,	,	PUNCT
cblr-2896	411	31	however	however	ADV
cblr-2896	411	32	,	,	PUNCT
cblr-2896	411	33	an	an	DET
cblr-2896	411	34	additional	additional	ADJ
cblr-2896	411	35	kind	kind	NOUN
cblr-2896	411	36	of	of	ADP
cblr-2896	411	37	fiduciary	fiduciary	ADJ
cblr-2896	411	38	duty	duty	NOUN
cblr-2896	411	39	challenge	challenge	NOUN
cblr-2896	411	40	for	for	ADP
cblr-2896	411	41	the	the	DET
cblr-2896	411	42	board	board	NOUN
cblr-2896	411	43	due	due	ADP
cblr-2896	411	44	to	to	ADP
cblr-2896	411	45	the	the	DET
cblr-2896	411	46	conflict	conflict	NOUN
cblr-2896	411	47	between	between	ADP
cblr-2896	411	48	managerial	managerial	ADJ
cblr-2896	411	49	shareholders	shareholder	NOUN
cblr-2896	411	50	and	and	CCONJ
cblr-2896	411	51	the	the	DET
cblr-2896	411	52	typical	typical	ADJ
cblr-2896	411	53	public	public	ADJ
cblr-2896	411	54	shareholders	shareholder	NOUN
cblr-2896	411	55	.	.	PUNCT
cblr-2896	412	1	in	in	ADP
cblr-2896	412	2	a	a	DET
cblr-2896	412	3	capital	capital	NOUN
cblr-2896	412	4	raise	raise	NOUN
cblr-2896	412	5	or	or	CCONJ
cblr-2896	412	6	sale	sale	NOUN
cblr-2896	412	7	,	,	PUNCT
cblr-2896	412	8	a	a	DET
cblr-2896	412	9	ceo	ceo	NOUN
cblr-2896	412	10	's	's	PART
cblr-2896	412	11	large	large	ADJ
cblr-2896	412	12	equity	equity	NOUN
cblr-2896	412	13	ownership	ownership	NOUN
cblr-2896	412	14	position	position	NOUN
cblr-2896	412	15	can	can	AUX
cblr-2896	412	16	produce	produce	VERB
cblr-2896	412	17	a	a	DET
cblr-2896	412	18	conflict	conflict	NOUN
cblr-2896	412	19	of	of	ADP
cblr-2896	412	20	interest	interest	NOUN
cblr-2896	412	21	with	with	ADP
cblr-2896	412	22	public	public	ADJ
cblr-2896	412	23	shareholders	shareholder	NOUN
cblr-2896	412	24	akin	akin	ADJ
cblr-2896	412	25	to	to	ADP
cblr-2896	412	26	that	that	PRON
cblr-2896	412	27	in	in	ADP
cblr-2896	412	28	a	a	DET
cblr-2896	412	29	management	management	NOUN
cblr-2896	412	30	buy	buy	NOUN
cblr-2896	412	31	-	-	PUNCT
cblr-2896	412	32	out	out	NOUN
cblr-2896	412	33	.	.	PUNCT
cblr-2896	413	1	preservation	preservation	NOUN
cblr-2896	413	2	of	of	ADP
cblr-2896	413	3	the	the	DET
cblr-2896	413	4	ceo	ceo	NOUN
cblr-2896	413	5	's	's	PART
cblr-2896	413	6	upside	upside	NOUN
cblr-2896	413	7	may	may	AUX
cblr-2896	413	8	entail	entail	VERB
cblr-2896	413	9	a	a	DET
cblr-2896	413	10	high	high	ADJ
cblr-2896	413	11	risk	risk	NOUN
cblr-2896	413	12	of	of	ADP
cblr-2896	413	13	systemic	systemic	ADJ
cblr-2896	413	14	distress	distress	NOUN
cblr-2896	413	15	losses	loss	NOUN
cblr-2896	413	16	that	that	PRON
cblr-2896	413	17	are	be	AUX
cblr-2896	413	18	disproportionately	disproportionately	ADV
cblr-2896	413	19	borne	bear	VERB
cblr-2896	413	20	by	by	ADP
cblr-2896	413	21	public	public	ADJ
cblr-2896	413	22	shareholders	shareholder	NOUN
cblr-2896	413	23	.	.	PUNCT
cblr-2896	414	1	while	while	SCONJ
cblr-2896	414	2	public	public	ADJ
cblr-2896	414	3	shareholders	shareholder	NOUN
cblr-2896	414	4	of	of	ADP
cblr-2896	414	5	course	course	NOUN
cblr-2896	414	6	want	want	VERB
cblr-2896	414	7	to	to	PART
cblr-2896	414	8	preserve	preserve	VERB
cblr-2896	414	9	their	their	PRON
cblr-2896	414	10	value	value	NOUN
cblr-2896	414	11	in	in	ADP
cblr-2896	414	12	the	the	DET
cblr-2896	414	13	firm	firm	NOUN
cblr-2896	414	14	,	,	PUNCT
cblr-2896	414	15	they	they	PRON
cblr-2896	414	16	have	have	VERB
cblr-2896	414	17	a	a	DET
cblr-2896	414	18	much	much	ADV
cblr-2896	414	19	greater	great	ADJ
cblr-2896	414	20	tolerance	tolerance	NOUN
cblr-2896	414	21	for	for	ADP
cblr-2896	414	22	dilution	dilution	NOUN
cblr-2896	414	23	than	than	ADP
cblr-2896	414	24	the	the	DET
cblr-2896	414	25	undiversified	undiversifie	VERB
cblr-2896	414	26	ceo.4	ceo.4	PROPN
cblr-2896	414	27	2	2	NUM
cblr-2896	414	28	convertible	convertible	ADJ
cblr-2896	414	29	equity	equity	NOUN
cblr-2896	414	30	-	-	PUNCT
cblr-2896	414	31	based	base	VERB
cblr-2896	414	32	pay	pay	NOUN
cblr-2896	414	33	offers	offer	VERB
cblr-2896	414	34	the	the	DET
cblr-2896	414	35	board	board	NOUN
cblr-2896	414	36	an	an	DET
cblr-2896	414	37	ex	ex	PROPN
cblr-2896	414	38	ante	ante	NOUN
cblr-2896	414	39	approach	approach	NOUN
cblr-2896	414	40	to	to	ADP
cblr-2896	414	41	dealing	deal	VERB
cblr-2896	414	42	with	with	ADP
cblr-2896	414	43	difficult	difficult	ADJ
cblr-2896	414	44	fiduciary	fiduciary	ADJ
cblr-2896	414	45	issues	issue	NOUN
cblr-2896	414	46	arising	arise	VERB
cblr-2896	414	47	from	from	ADP
cblr-2896	414	48	both	both	CCONJ
cblr-2896	414	49	the	the	DET
cblr-2896	414	50	shareholder	shareholder	NOUN
cblr-2896	414	51	-	-	PUNCT
cblr-2896	414	52	creditor	creditor	NOUN
cblr-2896	414	53	conflict	conflict	NOUN
cblr-2896	414	54	and	and	CCONJ
cblr-2896	414	55	the	the	DET
cblr-2896	414	56	management	management	NOUN
cblr-2896	414	57	-	-	PUNCT
cblr-2896	414	58	shareholder	shareholder	NOUN
cblr-2896	414	59	conflict	conflict	NOUN
cblr-2896	414	60	.	.	PUNCT
cblr-2896	415	1	presumably	presumably	ADV
cblr-2896	415	2	the	the	DET
cblr-2896	415	3	trigger	trigger	NOUN
cblr-2896	415	4	for	for	ADP
cblr-2896	415	5	conversion	conversion	NOUN
cblr-2896	415	6	of	of	ADP
cblr-2896	415	7	senior	senior	ADJ
cblr-2896	415	8	management	management	NOUN
cblr-2896	415	9	's	's	PART
cblr-2896	415	10	equity	equity	NOUN
cblr-2896	415	11	-	-	PUNCT
cblr-2896	415	12	based	base	VERB
cblr-2896	415	13	pay	pay	NOUN
cblr-2896	415	14	will	will	AUX
cblr-2896	415	15	be	be	AUX
cblr-2896	415	16	a	a	DET
cblr-2896	415	17	deterioration	deterioration	NOUN
cblr-2896	415	18	of	of	ADP
cblr-2896	415	19	the	the	DET
cblr-2896	415	20	firm	firm	NOUN
cblr-2896	415	21	's	's	PART
cblr-2896	415	22	financial	financial	ADJ
cblr-2896	415	23	condition	condition	NOUN
cblr-2896	415	24	.	.	PUNCT
cblr-2896	416	1	at	at	ADP
cblr-2896	416	2	that	that	DET
cblr-2896	416	3	moment	moment	NOUN
cblr-2896	416	4	,	,	PUNCT
cblr-2896	416	5	the	the	DET
cblr-2896	416	6	firm	firm	NOUN
cblr-2896	416	7	is	be	AUX
cblr-2896	416	8	presumably	presumably	ADV
cblr-2896	416	9	in	in	ADP
cblr-2896	416	10	the	the	DET
cblr-2896	416	11	"	"	PUNCT
cblr-2896	416	12	region	region	NOUN
cblr-2896	416	13	of	of	ADP
cblr-2896	416	14	insolvency	insolvency	NOUN
cblr-2896	416	15	"	"	PUNCT
cblr-2896	416	16	if	if	SCONJ
cblr-2896	416	17	not	not	PART
cblr-2896	416	18	necessarily	necessarily	ADV
cblr-2896	416	19	the	the	DET
cblr-2896	416	20	"	"	PUNCT
cblr-2896	416	21	zone	zone	NOUN
cblr-2896	416	22	.	.	PUNCT
cblr-2896	416	23	"	"	PUNCT
cblr-2896	417	1	the	the	DET
cblr-2896	417	2	conversion	conversion	NOUN
cblr-2896	417	3	of	of	ADP
cblr-2896	417	4	equity	equity	NOUN
cblr-2896	417	5	into	into	ADP
cblr-2896	417	6	subordinated	subordinated	ADJ
cblr-2896	417	7	debt	debt	NOUN
cblr-2896	417	8	eliminates	eliminate	VERB
cblr-2896	417	9	management	management	NOUN
cblr-2896	417	10	's	's	PART
cblr-2896	417	11	incentives	incentive	NOUN
cblr-2896	417	12	to	to	PART
cblr-2896	417	13	pursue	pursue	VERB
cblr-2896	417	14	negative	negative	ADJ
cblr-2896	417	15	net	net	ADJ
cblr-2896	417	16	present	present	ADJ
cblr-2896	417	17	value	value	NOUN
cblr-2896	417	18	bets	bet	NOUN
cblr-2896	417	19	.	.	PUNCT
cblr-2896	418	1	it	it	PRON
cblr-2896	418	2	consequently	consequently	ADV
cblr-2896	418	3	41	41	NUM
cblr-2896	418	4	see	see	VERB
cblr-2896	418	5	prod	prod	NOUN
cblr-2896	418	6	.	.	PUNCT
cblr-2896	419	1	res	re	NOUN
cblr-2896	419	2	.	.	PUNCT
cblr-2896	420	1	grp	grp	PROPN
cblr-2896	420	2	.	.	PROPN
cblr-2896	420	3	,	,	PUNCT
cblr-2896	420	4	863	863	NUM
cblr-2896	420	5	a.2d	a.2d	PUNCT
cblr-2896	420	6	at	at	ADP
cblr-2896	420	7	792	792	NUM
cblr-2896	420	8	;	;	PUNCT
cblr-2896	420	9	gheewalla	gheewalla	NOUN
cblr-2896	420	10	,	,	PUNCT
cblr-2896	420	11	930	930	NUM
cblr-2896	420	12	a.2d	a.2d	PUNCT
cblr-2896	420	13	at	at	ADP
cblr-2896	420	14	10102	10102	NUM
cblr-2896	420	15	;	;	PUNCT
cblr-2896	420	16	see	see	VERB
cblr-2896	420	17	also	also	ADV
cblr-2896	420	18	dianne	dianne	PROPN
cblr-2896	420	19	f.	f.	PROPN
cblr-2896	420	20	coffino	coffino	PROPN
cblr-2896	420	21	&	&	CCONJ
cblr-2896	420	22	charles	charles	PROPN
cblr-2896	420	23	h.	h.	PROPN
cblr-2896	420	24	jeanfreau	jeanfreau	PROPN
cblr-2896	420	25	,	,	PUNCT
cblr-2896	420	26	delaware	delaware	PROPN
cblr-2896	420	27	hits	hit	VERB
cblr-2896	420	28	the	the	DET
cblr-2896	420	29	brakes	brake	NOUN
cblr-2896	420	30	:	:	PUNCT
cblr-2896	420	31	the	the	DET
cblr-2896	420	32	effect	effect	NOUN
cblr-2896	420	33	of	of	ADP
cblr-2896	420	34	gheewalla	gheewalla	NOUN
cblr-2896	420	35	and	and	CCONJ
cblr-2896	420	36	trenwick	trenwick	NOUN
cblr-2896	420	37	on	on	ADP
cblr-2896	420	38	creditor	creditor	NOUN
cblr-2896	420	39	claims	claim	NOUN
cblr-2896	420	40	,	,	PUNCT
cblr-2896	420	41	17	17	NUM
cblr-2896	420	42	norton	norton	PROPN
cblr-2896	420	43	j.	j.	PROPN
cblr-2896	420	44	bankr	bankr	PROPN
cblr-2896	420	45	.	.	PUNCT
cblr-2896	421	1	l.	l.	PROPN
cblr-2896	421	2	&	&	CCONJ
cblr-2896	421	3	prac	prac	PROPN
cblr-2896	421	4	.	.	PROPN
cblr-2896	422	1	63	63	NUM
cblr-2896	422	2	(	(	PUNCT
cblr-2896	422	3	2008	2008	NUM
cblr-2896	422	4	)	)	PUNCT
cblr-2896	422	5	.	.	PUNCT
cblr-2896	423	1	see	see	VERB
cblr-2896	423	2	generally	generally	ADV
cblr-2896	423	3	henry	henry	PROPN
cblr-2896	423	4	t.c	t.c	PROPN
cblr-2896	423	5	.	.	PROPN
cblr-2896	423	6	hu	hu	PROPN
cblr-2896	423	7	&	&	CCONJ
cblr-2896	423	8	jay	jay	PROPN
cblr-2896	423	9	l.	l.	PROPN
cblr-2896	423	10	westbrook	westbrook	PROPN
cblr-2896	423	11	,	,	PUNCT
cblr-2896	423	12	abolition	abolition	NOUN
cblr-2896	423	13	of	of	ADP
cblr-2896	423	14	the	the	DET
cblr-2896	423	15	corporate	corporate	ADJ
cblr-2896	423	16	duty	duty	NOUN
cblr-2896	423	17	to	to	ADP
cblr-2896	423	18	creditors	creditor	NOUN
cblr-2896	423	19	,	,	PUNCT
cblr-2896	423	20	107	107	NUM
cblr-2896	423	21	colum	colum	NOUN
cblr-2896	423	22	.	.	PUNCT
cblr-2896	424	1	l.	l.	PROPN
cblr-2896	424	2	rev	rev	PROPN
cblr-2896	424	3	.	.	PROPN
cblr-2896	424	4	1321	1321	NUM
cblr-2896	424	5	(	(	PUNCT
cblr-2896	424	6	2007	2007	NUM
cblr-2896	424	7	)	)	PUNCT
cblr-2896	424	8	(	(	PUNCT
cblr-2896	424	9	providing	provide	VERB
cblr-2896	424	10	a	a	DET
cblr-2896	424	11	critical	critical	ADJ
cblr-2896	424	12	perspective	perspective	NOUN
cblr-2896	424	13	on	on	ADP
cblr-2896	424	14	this	this	DET
cblr-2896	424	15	doctrinal	doctrinal	ADJ
cblr-2896	424	16	development	development	NOUN
cblr-2896	424	17	)	)	PUNCT
cblr-2896	424	18	.	.	PUNCT
cblr-2896	425	1	42	42	NUM
cblr-2896	425	2	this	this	DET
cblr-2896	425	3	conflict	conflict	NOUN
cblr-2896	425	4	would	would	AUX
cblr-2896	425	5	be	be	AUX
cblr-2896	425	6	important	important	ADJ
cblr-2896	425	7	even	even	ADV
cblr-2896	425	8	for	for	ADP
cblr-2896	425	9	those	those	PRON
cblr-2896	425	10	who	who	PRON
cblr-2896	425	11	would	would	AUX
cblr-2896	425	12	minimize	minimize	VERB
cblr-2896	425	13	the	the	DET
cblr-2896	425	14	significance	significance	NOUN
cblr-2896	425	15	of	of	ADP
cblr-2896	425	16	the	the	DET
cblr-2896	425	17	shareholder	shareholder	NOUN
cblr-2896	425	18	/	/	SYM
cblr-2896	425	19	director	director	NOUN
cblr-2896	425	20	conflict	conflict	NOUN
cblr-2896	425	21	in	in	ADP
cblr-2896	425	22	the	the	DET
cblr-2896	425	23	vicinity	vicinity	NOUN
cblr-2896	425	24	of	of	ADP
cblr-2896	425	25	insolvency	insolvency	NOUN
cblr-2896	425	26	.	.	PUNCT
cblr-2896	426	1	the	the	DET
cblr-2896	426	2	same	same	ADJ
cblr-2896	426	3	is	be	AUX
cblr-2896	426	4	true	true	ADJ
cblr-2896	426	5	for	for	ADP
cblr-2896	426	6	those	those	PRON
cblr-2896	426	7	who	who	PRON
cblr-2896	426	8	decry	decry	VERB
cblr-2896	426	9	the	the	DET
cblr-2896	426	10	doctrine	doctrine	NOUN
cblr-2896	426	11	as	as	ADP
cblr-2896	426	12	unhelpfully	unhelpfully	ADV
cblr-2896	426	13	collapsing	collapse	VERB
cblr-2896	426	14	the	the	DET
cblr-2896	426	15	state	state	NOUN
cblr-2896	426	16	law	law	NOUN
cblr-2896	426	17	corporate	corporate	ADJ
cblr-2896	426	18	governance	governance	NOUN
cblr-2896	426	19	regime	regime	NOUN
cblr-2896	426	20	-	-	PUNCT
cblr-2896	426	21	aimed	aim	VERB
cblr-2896	426	22	at	at	ADP
cblr-2896	426	23	protecting	protect	VERB
cblr-2896	426	24	shareholder	shareholder	NOUN
cblr-2896	426	25	interests	interest	NOUN
cblr-2896	426	26	-	-	PUNCT
cblr-2896	426	27	into	into	ADP
cblr-2896	426	28	the	the	DET
cblr-2896	426	29	federal	federal	ADJ
cblr-2896	426	30	bankruptcy	bankruptcy	NOUN
cblr-2896	426	31	regime	regime	NOUN
cblr-2896	426	32	,	,	PUNCT
cblr-2896	426	33	triggered	trigger	VERB
cblr-2896	426	34	by	by	ADP
cblr-2896	426	35	a	a	DET
cblr-2896	426	36	concrete	concrete	ADJ
cblr-2896	426	37	legal	legal	ADJ
cblr-2896	426	38	event	event	NOUN
cblr-2896	426	39	that	that	PRON
cblr-2896	426	40	results	result	VERB
cblr-2896	426	41	in	in	ADP
cblr-2896	426	42	judicial	judicial	ADJ
cblr-2896	426	43	oversight	oversight	NOUN
cblr-2896	426	44	of	of	ADP
cblr-2896	426	45	a	a	DET
cblr-2896	426	46	mechanism	mechanism	NOUN
cblr-2896	426	47	for	for	ADP
cblr-2896	426	48	creditor	creditor	NOUN
cblr-2896	426	49	protection	protection	NOUN
cblr-2896	426	50	.	.	PUNCT
cblr-2896	427	1	see	see	VERB
cblr-2896	427	2	generally	generally	ADV
cblr-2896	427	3	stephen	stephen	PROPN
cblr-2896	427	4	m.	m.	PROPN
cblr-2896	427	5	bainbridge	bainbridge	PROPN
cblr-2896	427	6	,	,	PUNCT
cblr-2896	427	7	much	much	ADJ
cblr-2896	427	8	ado	ado	NOUN
cblr-2896	427	9	about	about	ADP
cblr-2896	427	10	little	little	ADJ
cblr-2896	427	11	?	?	PUNCT
cblr-2896	428	1	directors	director	NOUN
cblr-2896	428	2	'	'	PART
cblr-2896	428	3	fiduciary	fiduciary	ADJ
cblr-2896	428	4	duty	duty	NOUN
cblr-2896	428	5	in	in	ADP
cblr-2896	428	6	the	the	DET
cblr-2896	428	7	vicinity	vicinity	NOUN
cblr-2896	428	8	of	of	ADP
cblr-2896	428	9	insolvency	insolvency	NOUN
cblr-2896	428	10	,	,	PUNCT
cblr-2896	428	11	1	1	NUM
cblr-2896	428	12	j.	j.	PROPN
cblr-2896	428	13	bus	bus	PROPN
cblr-2896	428	14	.	.	PUNCT
cblr-2896	428	15	&	&	CCONJ
cblr-2896	428	16	tech	tech	PROPN
cblr-2896	428	17	.	.	PUNCT
cblr-2896	429	1	l.	l.	PROPN
cblr-2896	429	2	335	335	NUM
cblr-2896	429	3	(	(	PUNCT
cblr-2896	429	4	2007	2007	NUM
cblr-2896	429	5	)	)	PUNCT
cblr-2896	429	6	.	.	PUNCT
cblr-2896	430	1	no	no	INTJ
cblr-2896	430	2	.	.	PUNCT
cblr-2896	431	1	3:834	3:834	NUM
cblr-2896	431	2	]	]	X
cblr-2896	431	3	the	the	DET
cblr-2896	431	4	case	case	NOUN
cblr-2896	431	5	for	for	ADP
cblr-2896	431	6	convertible	convertible	ADJ
cblr-2896	431	7	equity	equity	NOUN
cblr-2896	431	8	-	-	PUNCT
cblr-2896	431	9	based	base	VERB
cblr-2896	431	10	pay	pay	NOUN
cblr-2896	431	11	reduces	reduce	VERB
cblr-2896	431	12	the	the	DET
cblr-2896	431	13	risk	risk	NOUN
cblr-2896	431	14	of	of	ADP
cblr-2896	431	15	creditor	creditor	NOUN
cblr-2896	431	16	losses	loss	NOUN
cblr-2896	431	17	and	and	CCONJ
cblr-2896	431	18	of	of	ADP
cblr-2896	431	19	the	the	DET
cblr-2896	431	20	failure	failure	NOUN
cblr-2896	431	21	of	of	ADP
cblr-2896	431	22	the	the	DET
cblr-2896	431	23	firm	firm	NOUN
cblr-2896	431	24	that	that	PRON
cblr-2896	431	25	could	could	AUX
cblr-2896	431	26	produce	produce	VERB
cblr-2896	431	27	systemic	systemic	ADJ
cblr-2896	431	28	losses	loss	NOUN
cblr-2896	431	29	for	for	ADP
cblr-2896	431	30	shareholders	shareholder	NOUN
cblr-2896	431	31	.	.	PUNCT
cblr-2896	432	1	a	a	DET
cblr-2896	432	2	board	board	NOUN
cblr-2896	432	3	could	could	AUX
cblr-2896	432	4	find	find	VERB
cblr-2896	432	5	this	this	DET
cblr-2896	432	6	ex	ex	NOUN
cblr-2896	432	7	ante	ante	NOUN
cblr-2896	432	8	approach	approach	NOUN
cblr-2896	432	9	particularly	particularly	ADV
cblr-2896	432	10	attractive	attractive	ADJ
cblr-2896	432	11	because	because	SCONJ
cblr-2896	432	12	the	the	DET
cblr-2896	432	13	alternative	alternative	ADJ
cblr-2896	432	14	approach	approach	NOUN
cblr-2896	432	15	to	to	ADP
cblr-2896	432	16	navigating	navigate	VERB
cblr-2896	432	17	the	the	DET
cblr-2896	432	18	management	management	NOUN
cblr-2896	432	19	-	-	PUNCT
cblr-2896	432	20	shareholder	shareholder	NOUN
cblr-2896	432	21	conflict	conflict	NOUN
cblr-2896	432	22	is	be	AUX
cblr-2896	432	23	to	to	PART
cblr-2896	432	24	take	take	VERB
cblr-2896	432	25	over	over	ADP
cblr-2896	432	26	decision	decision	NOUN
cblr-2896	432	27	making	make	VERB
cblr-2896	432	28	about	about	ADP
cblr-2896	432	29	capital	capital	NOUN
cblr-2896	432	30	raises	raise	NOUN
cblr-2896	432	31	and	and	CCONJ
cblr-2896	432	32	the	the	DET
cblr-2896	432	33	sale	sale	NOUN
cblr-2896	432	34	of	of	ADP
cblr-2896	432	35	the	the	DET
cblr-2896	432	36	firm	firm	NOUN
cblr-2896	432	37	as	as	SCONJ
cblr-2896	432	38	the	the	DET
cblr-2896	432	39	firm	firm	NOUN
cblr-2896	432	40	runs	run	VERB
cblr-2896	432	41	into	into	ADP
cblr-2896	432	42	financial	financial	ADJ
cblr-2896	432	43	difficulty.43	difficulty.43	PROPN
cblr-2896	432	44	vi	vi	PROPN
cblr-2896	433	1	.	.	PROPN
cblr-2896	433	2	conclusion	conclusion	NOUN
cblr-2896	433	3	this	this	DET
cblr-2896	433	4	essay	essay	NOUN
cblr-2896	433	5	has	have	AUX
cblr-2896	433	6	proposed	propose	VERB
cblr-2896	433	7	a	a	DET
cblr-2896	433	8	novel	novel	ADJ
cblr-2896	433	9	compensation	compensation	NOUN
cblr-2896	433	10	mechanism	mechanism	NOUN
cblr-2896	433	11	for	for	ADP
cblr-2896	433	12	financial	financial	ADJ
cblr-2896	433	13	firms	firm	NOUN
cblr-2896	433	14	:	:	PUNCT
cblr-2896	433	15	convertible	convertible	ADJ
cblr-2896	433	16	equity	equity	NOUN
cblr-2896	433	17	-	-	PUNCT
cblr-2896	433	18	based	base	VERB
cblr-2896	433	19	pay	pay	NOUN
cblr-2896	433	20	.	.	PUNCT
cblr-2896	434	1	the	the	DET
cblr-2896	434	2	goal	goal	NOUN
cblr-2896	434	3	is	be	AUX
cblr-2896	434	4	to	to	PART
cblr-2896	434	5	reduce	reduce	VERB
cblr-2896	434	6	managerial	managerial	ADJ
cblr-2896	434	7	incentives	incentive	NOUN
cblr-2896	434	8	for	for	ADP
cblr-2896	434	9	excessive	excessive	ADJ
cblr-2896	434	10	risk	risk	NOUN
cblr-2896	434	11	-	-	PUNCT
cblr-2896	434	12	taking	taking	NOUN
cblr-2896	434	13	-	-	PUNCT
cblr-2896	434	14	that	that	PRON
cblr-2896	434	15	is	be	AUX
cblr-2896	434	16	,	,	PUNCT
cblr-2896	434	17	risk	risk	NOUN
cblr-2896	434	18	-	-	PUNCT
cblr-2896	434	19	taking	taking	NOUN
cblr-2896	434	20	that	that	PRON
cblr-2896	434	21	is	be	AUX
cblr-2896	434	22	disproportionate	disproportionate	ADJ
cblr-2896	434	23	to	to	PART
cblr-2896	434	24	43	43	NUM
cblr-2896	434	25	one	one	NUM
cblr-2896	434	26	potential	potential	ADJ
cblr-2896	434	27	objection	objection	NOUN
cblr-2896	434	28	is	be	AUX
cblr-2896	434	29	that	that	SCONJ
cblr-2896	434	30	the	the	DET
cblr-2896	434	31	board	board	NOUN
cblr-2896	434	32	's	's	PART
cblr-2896	434	33	shareholder	shareholder	NOUN
cblr-2896	434	34	focus	focus	NOUN
cblr-2896	434	35	is	be	AUX
cblr-2896	434	36	generally	generally	ADV
cblr-2896	434	37	limited	limit	VERB
cblr-2896	434	38	to	to	ADP
cblr-2896	434	39	interests	interest	NOUN
cblr-2896	434	40	with	with	ADP
cblr-2896	434	41	respect	respect	NOUN
cblr-2896	434	42	to	to	ADP
cblr-2896	434	43	the	the	DET
cblr-2896	434	44	particular	particular	ADJ
cblr-2896	434	45	firm	firm	NOUN
cblr-2896	434	46	,	,	PUNCT
cblr-2896	434	47	not	not	PART
cblr-2896	434	48	"	"	PUNCT
cblr-2896	434	49	systematic	systematic	ADJ
cblr-2896	434	50	"	"	PUNCT
cblr-2896	434	51	interests	interest	NOUN
cblr-2896	434	52	that	that	PRON
cblr-2896	434	53	arise	arise	VERB
cblr-2896	434	54	because	because	SCONJ
cblr-2896	434	55	of	of	ADP
cblr-2896	434	56	share	share	NOUN
cblr-2896	434	57	ownership	ownership	NOUN
cblr-2896	434	58	in	in	ADP
cblr-2896	434	59	other	other	ADJ
cblr-2896	434	60	firms	firm	NOUN
cblr-2896	434	61	.	.	PUNCT
cblr-2896	435	1	one	one	NUM
cblr-2896	435	2	answer	answer	NOUN
cblr-2896	435	3	,	,	PUNCT
cblr-2896	435	4	of	of	ADP
cblr-2896	435	5	course	course	NOUN
cblr-2896	435	6	,	,	PUNCT
cblr-2896	435	7	is	be	AUX
cblr-2896	435	8	that	that	SCONJ
cblr-2896	435	9	the	the	DET
cblr-2896	435	10	governance	governance	NOUN
cblr-2896	435	11	of	of	ADP
cblr-2896	435	12	systemically	systemically	ADV
cblr-2896	435	13	important	important	ADJ
cblr-2896	435	14	financial	financial	ADJ
cblr-2896	435	15	firms	firm	NOUN
cblr-2896	435	16	is	be	AUX
cblr-2896	435	17	different	different	ADJ
cblr-2896	435	18	,	,	PUNCT
cblr-2896	435	19	and	and	CCONJ
cblr-2896	435	20	concern	concern	NOUN
cblr-2896	435	21	for	for	ADP
cblr-2896	435	22	the	the	DET
cblr-2896	435	23	"	"	PUNCT
cblr-2896	435	24	fuld	fuld	PROPN
cblr-2896	435	25	problem	problem	NOUN
cblr-2896	435	26	"	"	PUNCT
cblr-2896	435	27	is	be	AUX
cblr-2896	435	28	one	one	NUM
cblr-2896	435	29	example	example	NOUN
cblr-2896	435	30	.	.	PUNCT
cblr-2896	436	1	in	in	ADP
cblr-2896	436	2	the	the	DET
cblr-2896	436	3	typical	typical	ADJ
cblr-2896	436	4	firm	firm	NOUN
cblr-2896	436	5	,	,	PUNCT
cblr-2896	436	6	nonshareholder	nonshareholder	NOUN
cblr-2896	436	7	interests	interest	NOUN
cblr-2896	436	8	can	can	AUX
cblr-2896	436	9	be	be	AUX
cblr-2896	436	10	reasonably	reasonably	ADV
cblr-2896	436	11	well	well	ADV
cblr-2896	436	12	protected	protect	VERB
cblr-2896	436	13	through	through	ADP
cblr-2896	436	14	contract	contract	NOUN
cblr-2896	436	15	and	and	CCONJ
cblr-2896	436	16	tort	tort	NOUN
cblr-2896	436	17	;	;	PUNCT
cblr-2896	436	18	this	this	PRON
cblr-2896	436	19	is	be	AUX
cblr-2896	436	20	not	not	PART
cblr-2896	436	21	so	so	ADV
cblr-2896	436	22	for	for	ADP
cblr-2896	436	23	the	the	DET
cblr-2896	436	24	systemically	systemically	ADV
cblr-2896	436	25	important	important	ADJ
cblr-2896	436	26	firm	firm	NOUN
cblr-2896	436	27	.	.	PUNCT
cblr-2896	437	1	moreover	moreover	ADV
cblr-2896	437	2	,	,	PUNCT
cblr-2896	437	3	the	the	DET
cblr-2896	437	4	usual	usual	ADJ
cblr-2896	437	5	reason	reason	NOUN
cblr-2896	437	6	for	for	ADP
cblr-2896	437	7	the	the	DET
cblr-2896	437	8	board	board	NOUN
cblr-2896	437	9	's	's	PART
cblr-2896	437	10	own	own	ADJ
cblr-2896	437	11	-	-	PUNCT
cblr-2896	437	12	firm	firm	ADJ
cblr-2896	437	13	focus	focus	NOUN
cblr-2896	437	14	is	be	AUX
cblr-2896	437	15	that	that	SCONJ
cblr-2896	437	16	shareholder	shareholder	NOUN
cblr-2896	437	17	interests	interest	NOUN
cblr-2896	437	18	outside	outside	ADP
cblr-2896	437	19	the	the	DET
cblr-2896	437	20	firm	firm	NOUN
cblr-2896	437	21	are	be	AUX
cblr-2896	437	22	so	so	ADV
cblr-2896	437	23	diverse	diverse	ADJ
cblr-2896	437	24	that	that	SCONJ
cblr-2896	437	25	the	the	DET
cblr-2896	437	26	only	only	ADJ
cblr-2896	437	27	point	point	NOUN
cblr-2896	437	28	of	of	ADP
cblr-2896	437	29	shareholder	shareholder	NOUN
cblr-2896	437	30	agreement	agreement	NOUN
cblr-2896	437	31	is	be	AUX
cblr-2896	437	32	to	to	PART
cblr-2896	437	33	maximize	maximize	VERB
cblr-2896	437	34	share	share	NOUN
cblr-2896	437	35	value	value	NOUN
cblr-2896	437	36	of	of	ADP
cblr-2896	437	37	the	the	DET
cblr-2896	437	38	particular	particular	ADJ
cblr-2896	437	39	firm	firm	NOUN
cblr-2896	437	40	.	.	PUNCT
cblr-2896	438	1	this	this	PRON
cblr-2896	438	2	is	be	AUX
cblr-2896	438	3	not	not	PART
cblr-2896	438	4	the	the	DET
cblr-2896	438	5	case	case	NOUN
cblr-2896	438	6	for	for	ADP
cblr-2896	438	7	diversified	diversified	ADJ
cblr-2896	438	8	shareholders	shareholder	NOUN
cblr-2896	438	9	of	of	ADP
cblr-2896	438	10	a	a	DET
cblr-2896	438	11	systemically	systemically	ADV
cblr-2896	438	12	important	important	ADJ
cblr-2896	438	13	firm	firm	NOUN
cblr-2896	438	14	,	,	PUNCT
cblr-2896	438	15	all	all	PRON
cblr-2896	438	16	of	of	ADP
cblr-2896	438	17	whom	whom	PRON
cblr-2896	438	18	face	face	VERB
cblr-2896	438	19	systemic	systemic	ADJ
cblr-2896	438	20	distress	distress	NOUN
cblr-2896	438	21	costs	cost	NOUN
cblr-2896	438	22	if	if	SCONJ
cblr-2896	438	23	the	the	DET
cblr-2896	438	24	firm	firm	NOUN
cblr-2896	438	25	fails	fail	VERB
cblr-2896	438	26	.	.	PUNCT
cblr-2896	439	1	moreover	moreover	ADV
cblr-2896	439	2	,	,	PUNCT
cblr-2896	439	3	the	the	DET
cblr-2896	439	4	issue	issue	NOUN
cblr-2896	439	5	can	can	AUX
cblr-2896	439	6	be	be	AUX
cblr-2896	439	7	framed	frame	VERB
cblr-2896	439	8	more	more	ADV
cblr-2896	439	9	narrowly	narrowly	ADV
cblr-2896	439	10	:	:	PUNCT
cblr-2896	439	11	the	the	DET
cblr-2896	439	12	conflict	conflict	NOUN
cblr-2896	439	13	is	be	AUX
cblr-2896	439	14	between	between	ADP
cblr-2896	439	15	managerial	managerial	ADJ
cblr-2896	439	16	shareholders	shareholder	NOUN
cblr-2896	439	17	and	and	CCONJ
cblr-2896	439	18	other	other	ADJ
cblr-2896	439	19	non	non	ADJ
cblr-2896	439	20	-	-	ADJ
cblr-2896	439	21	managerial	managerial	ADJ
cblr-2896	439	22	shareholders	shareholder	NOUN
cblr-2896	439	23	,	,	PUNCT
cblr-2896	439	24	a	a	DET
cblr-2896	439	25	classic	classic	ADJ
cblr-2896	439	26	trigger	trigger	NOUN
cblr-2896	439	27	for	for	ADP
cblr-2896	439	28	board	board	NOUN
cblr-2896	439	29	concern	concern	NOUN
cblr-2896	439	30	.	.	PUNCT
cblr-2896	440	1	a	a	DET
cblr-2896	440	2	narrower	narrow	ADJ
cblr-2896	440	3	reason	reason	NOUN
cblr-2896	440	4	for	for	ADP
cblr-2896	440	5	the	the	DET
cblr-2896	440	6	board	board	NOUN
cblr-2896	440	7	's	's	PART
cblr-2896	440	8	concern	concern	NOUN
cblr-2896	440	9	about	about	ADP
cblr-2896	440	10	the	the	DET
cblr-2896	440	11	"	"	PUNCT
cblr-2896	440	12	fuld	fuld	PROPN
cblr-2896	440	13	problem	problem	NOUN
cblr-2896	440	14	"	"	PUNCT
cblr-2896	440	15	is	be	AUX
cblr-2896	440	16	that	that	SCONJ
cblr-2896	440	17	a	a	DET
cblr-2896	440	18	board	board	NOUN
cblr-2896	440	19	needs	need	VERB
cblr-2896	440	20	to	to	PART
cblr-2896	440	21	attend	attend	VERB
cblr-2896	440	22	to	to	ADP
cblr-2896	440	23	a	a	DET
cblr-2896	440	24	conflict	conflict	NOUN
cblr-2896	440	25	of	of	ADP
cblr-2896	440	26	interest	interest	NOUN
cblr-2896	440	27	between	between	ADP
cblr-2896	440	28	the	the	DET
cblr-2896	440	29	ceo	ceo	NOUN
cblr-2896	440	30	and	and	CCONJ
cblr-2896	440	31	other	other	ADJ
cblr-2896	440	32	shareholders	shareholder	NOUN
cblr-2896	440	33	,	,	PUNCT
cblr-2896	440	34	whatever	whatever	PRON
cblr-2896	440	35	the	the	DET
cblr-2896	440	36	source	source	NOUN
cblr-2896	440	37	.	.	PUNCT
cblr-2896	441	1	for	for	ADP
cblr-2896	441	2	example	example	NOUN
cblr-2896	441	3	,	,	PUNCT
cblr-2896	441	4	in	in	ADP
cblr-2896	441	5	the	the	DET
cblr-2896	441	6	case	case	NOUN
cblr-2896	441	7	of	of	ADP
cblr-2896	441	8	smith	smith	PROPN
cblr-2896	441	9	v.	v.	ADP
cblr-2896	441	10	van	van	PROPN
cblr-2896	441	11	gorkom	gorkom	PROPN
cblr-2896	441	12	,	,	PUNCT
cblr-2896	441	13	the	the	DET
cblr-2896	441	14	court	court	NOUN
cblr-2896	441	15	regarded	regard	VERB
cblr-2896	441	16	the	the	DET
cblr-2896	441	17	ceo	ceo	NOUN
cblr-2896	441	18	's	's	PART
cblr-2896	441	19	upcoming	upcoming	ADJ
cblr-2896	441	20	mandatory	mandatory	ADJ
cblr-2896	441	21	retirement	retirement	NOUN
cblr-2896	441	22	as	as	ADP
cblr-2896	441	23	undermining	undermine	VERB
cblr-2896	441	24	the	the	DET
cblr-2896	441	25	board	board	NOUN
cblr-2896	441	26	's	's	PART
cblr-2896	441	27	entitlement	entitlement	NOUN
cblr-2896	441	28	to	to	PART
cblr-2896	441	29	rely	rely	VERB
cblr-2896	441	30	on	on	ADP
cblr-2896	441	31	his	his	PRON
cblr-2896	441	32	judgment	judgment	NOUN
cblr-2896	441	33	about	about	ADP
cblr-2896	441	34	a	a	DET
cblr-2896	441	35	cash	cash	NOUN
cblr-2896	441	36	offer	offer	NOUN
cblr-2896	441	37	for	for	ADP
cblr-2896	441	38	the	the	DET
cblr-2896	441	39	firm	firm	NOUN
cblr-2896	441	40	.	.	PUNCT
cblr-2896	442	1	488	488	NUM
cblr-2896	442	2	a.2d	a.2d	NUM
cblr-2896	442	3	858	858	NUM
cblr-2896	442	4	,	,	PUNCT
cblr-2896	442	5	865	865	NUM
cblr-2896	442	6	-	-	SYM
cblr-2896	442	7	66	66	NUM
cblr-2896	442	8	(	(	PUNCT
cblr-2896	442	9	del	del	PROPN
cblr-2896	442	10	.	.	PROPN
cblr-2896	442	11	1985	1985	NUM
cblr-2896	442	12	)	)	PUNCT
cblr-2896	442	13	.	.	PUNCT
cblr-2896	443	1	both	both	CCONJ
cblr-2896	443	2	the	the	DET
cblr-2896	443	3	ceo	ceo	NOUN
cblr-2896	443	4	and	and	CCONJ
cblr-2896	443	5	the	the	DET
cblr-2896	443	6	other	other	ADJ
cblr-2896	443	7	shareholders	shareholder	NOUN
cblr-2896	443	8	wanted	want	VERB
cblr-2896	443	9	to	to	PART
cblr-2896	443	10	"	"	PUNCT
cblr-2896	443	11	maximize	maximize	VERB
cblr-2896	443	12	shareholder	shareholder	NOUN
cblr-2896	443	13	value	value	NOUN
cblr-2896	443	14	,	,	PUNCT
cblr-2896	443	15	"	"	PUNCT
cblr-2896	443	16	but	but	CCONJ
cblr-2896	443	17	the	the	DET
cblr-2896	443	18	ceo	ceo	NOUN
cblr-2896	443	19	's	's	PART
cblr-2896	443	20	desire	desire	NOUN
cblr-2896	443	21	for	for	ADP
cblr-2896	443	22	a	a	DET
cblr-2896	443	23	near	near	ADJ
cblr-2896	443	24	-	-	PUNCT
cblr-2896	443	25	term	term	NOUN
cblr-2896	443	26	exit	exit	NOUN
cblr-2896	443	27	strategy	strategy	NOUN
cblr-2896	443	28	presented	present	VERB
cblr-2896	443	29	a	a	DET
cblr-2896	443	30	clear	clear	ADJ
cblr-2896	443	31	conflict	conflict	NOUN
cblr-2896	443	32	with	with	ADP
cblr-2896	443	33	the	the	DET
cblr-2896	443	34	interests	interest	NOUN
cblr-2896	443	35	of	of	ADP
cblr-2896	443	36	other	other	ADJ
cblr-2896	443	37	shareholders	shareholder	NOUN
cblr-2896	443	38	who	who	PRON
cblr-2896	443	39	lacked	lack	VERB
cblr-2896	443	40	pressing	press	VERB
cblr-2896	443	41	short	short	ADJ
cblr-2896	443	42	-	-	PUNCT
cblr-2896	443	43	term	term	NOUN
cblr-2896	443	44	objectives	objective	NOUN
cblr-2896	443	45	.	.	PUNCT
cblr-2896	444	1	van	van	PROPN
cblr-2896	444	2	gorkom	gorkom	NOUN
cblr-2896	444	3	,	,	PUNCT
cblr-2896	444	4	488	488	NUM
cblr-2896	444	5	a.2d	a.2d	PUNCT
cblr-2896	444	6	at	at	ADP
cblr-2896	444	7	865	865	NUM
cblr-2896	444	8	-	-	SYM
cblr-2896	444	9	66	66	NUM
cblr-2896	444	10	.	.	PUNCT
cblr-2896	445	1	this	this	DET
cblr-2896	445	2	conflict	conflict	NOUN
cblr-2896	445	3	required	require	VERB
cblr-2896	445	4	the	the	DET
cblr-2896	445	5	board	board	NOUN
cblr-2896	445	6	to	to	PART
cblr-2896	445	7	intervene	intervene	VERB
cblr-2896	445	8	on	on	ADP
cblr-2896	445	9	their	their	PRON
cblr-2896	445	10	behalf	behalf	NOUN
cblr-2896	445	11	.	.	PUNCT
cblr-2896	446	1	the	the	DET
cblr-2896	446	2	"	"	PUNCT
cblr-2896	446	3	fuld	fuld	PROPN
cblr-2896	446	4	problem	problem	NOUN
cblr-2896	446	5	"	"	PUNCT
cblr-2896	446	6	presents	present	VERB
cblr-2896	446	7	another	another	DET
cblr-2896	446	8	instance	instance	NOUN
cblr-2896	446	9	of	of	ADP
cblr-2896	446	10	a	a	DET
cblr-2896	446	11	clear	clear	ADJ
cblr-2896	446	12	conflict	conflict	NOUN
cblr-2896	446	13	requiring	require	VERB
cblr-2896	446	14	board	board	NOUN
cblr-2896	446	15	intervention	intervention	NOUN
cblr-2896	446	16	to	to	PART
cblr-2896	446	17	protect	protect	VERB
cblr-2896	446	18	non	non	ADJ
cblr-2896	446	19	-	-	ADJ
cblr-2896	446	20	managerial	managerial	ADJ
cblr-2896	446	21	shareholders	shareholder	NOUN
cblr-2896	446	22	.	.	PUNCT
cblr-2896	447	1	863	863	NUM
cblr-2896	447	2	the	the	DET
cblr-2896	447	3	social	social	ADJ
cblr-2896	447	4	risk	risk	NOUN
cblr-2896	447	5	of	of	ADP
cblr-2896	447	6	systemic	systemic	ADJ
cblr-2896	447	7	distress	distress	NOUN
cblr-2896	447	8	.	.	PUNCT
cblr-2896	448	1	it	it	PRON
cblr-2896	448	2	does	do	VERB
cblr-2896	448	3	this	this	PRON
cblr-2896	448	4	by	by	ADP
cblr-2896	448	5	forcing	force	VERB
cblr-2896	448	6	a	a	DET
cblr-2896	448	7	mandatory	mandatory	ADJ
cblr-2896	448	8	conversion	conversion	NOUN
cblr-2896	448	9	of	of	ADP
cblr-2896	448	10	senior	senior	ADJ
cblr-2896	448	11	managers	manager	NOUN
cblr-2896	448	12	'	'	PART
cblr-2896	448	13	equity	equity	NOUN
cblr-2896	448	14	into	into	ADP
cblr-2896	448	15	subordinated	subordinated	ADJ
cblr-2896	448	16	debt	debt	NOUN
cblr-2896	448	17	on	on	ADP
cblr-2896	448	18	a	a	DET
cblr-2896	448	19	valuation	valuation	NOUN
cblr-2896	448	20	basis	basis	NOUN
cblr-2896	448	21	that	that	PRON
cblr-2896	448	22	imposes	impose	VERB
cblr-2896	448	23	an	an	DET
cblr-2896	448	24	immediate	immediate	ADJ
cblr-2896	448	25	loss	loss	NOUN
cblr-2896	448	26	but	but	CCONJ
cblr-2896	448	27	that	that	PRON
cblr-2896	448	28	also	also	ADV
cblr-2896	448	29	preserves	preserve	VERB
cblr-2896	448	30	incentives	incentive	NOUN
cblr-2896	448	31	to	to	PART
cblr-2896	448	32	prevent	prevent	VERB
cblr-2896	448	33	further	further	ADJ
cblr-2896	448	34	deterioration	deterioration	NOUN
cblr-2896	448	35	of	of	ADP
cblr-2896	448	36	the	the	DET
cblr-2896	448	37	firm	firm	NOUN
cblr-2896	448	38	.	.	PUNCT
cblr-2896	449	1	in	in	ADP
cblr-2896	449	2	particular	particular	ADJ
cblr-2896	449	3	,	,	PUNCT
cblr-2896	449	4	this	this	DET
cblr-2896	449	5	mechanism	mechanism	NOUN
cblr-2896	449	6	avoids	avoid	VERB
cblr-2896	449	7	the	the	DET
cblr-2896	449	8	"	"	PUNCT
cblr-2896	449	9	fuld	fuld	PROPN
cblr-2896	449	10	problem	problem	NOUN
cblr-2896	449	11	"	"	PUNCT
cblr-2896	449	12	of	of	ADP
cblr-2896	449	13	a	a	DET
cblr-2896	449	14	ceo	ceo	NOUN
cblr-2896	449	15	whose	whose	DET
cblr-2896	449	16	large	large	ADJ
cblr-2896	449	17	equity	equity	NOUN
cblr-2896	449	18	stake	stake	NOUN
cblr-2896	449	19	might	might	AUX
cblr-2896	449	20	deter	deter	VERB
cblr-2896	449	21	him	he	PRON
cblr-2896	449	22	or	or	CCONJ
cblr-2896	449	23	her	she	PRON
cblr-2896	449	24	from	from	ADP
cblr-2896	449	25	pursuing	pursue	VERB
cblr-2896	449	26	a	a	DET
cblr-2896	449	27	dilutive	dilutive	ADJ
cblr-2896	449	28	capital	capital	NOUN
cblr-2896	449	29	infusion	infusion	NOUN
cblr-2896	449	30	or	or	CCONJ
cblr-2896	449	31	sale	sale	NOUN
cblr-2896	449	32	that	that	PRON
cblr-2896	449	33	would	would	AUX
cblr-2896	449	34	reduce	reduce	VERB
cblr-2896	449	35	the	the	DET
cblr-2896	449	36	chance	chance	NOUN
cblr-2896	449	37	of	of	ADP
cblr-2896	449	38	the	the	DET
cblr-2896	449	39	firm	firm	NOUN
cblr-2896	449	40	's	's	PART
cblr-2896	449	41	failure	failure	NOUN
cblr-2896	449	42	.	.	PUNCT
cblr-2896	450	1	from	from	ADP
cblr-2896	450	2	the	the	DET
cblr-2896	450	3	perspective	perspective	NOUN
cblr-2896	450	4	of	of	ADP
cblr-2896	450	5	diversified	diversified	ADJ
cblr-2896	450	6	shareholders	shareholder	NOUN
cblr-2896	450	7	in	in	ADP
cblr-2896	450	8	a	a	DET
cblr-2896	450	9	financial	financial	ADJ
cblr-2896	450	10	firm	firm	NOUN
cblr-2896	450	11	,	,	PUNCT
cblr-2896	450	12	this	this	DET
cblr-2896	450	13	compensation	compensation	NOUN
cblr-2896	450	14	mechanism	mechanism	NOUN
cblr-2896	450	15	will	will	AUX
cblr-2896	450	16	improve	improve	VERB
cblr-2896	450	17	their	their	PRON
cblr-2896	450	18	overall	overall	ADJ
cblr-2896	450	19	wealth	wealth	NOUN
cblr-2896	450	20	because	because	SCONJ
cblr-2896	450	21	it	it	PRON
cblr-2896	450	22	reduces	reduce	VERB
cblr-2896	450	23	the	the	DET
cblr-2896	450	24	risk	risk	NOUN
cblr-2896	450	25	of	of	ADP
cblr-2896	450	26	systemic	systemic	ADJ
cblr-2896	450	27	distress	distress	NOUN
cblr-2896	450	28	,	,	PUNCT
cblr-2896	450	29	which	which	PRON
cblr-2896	450	30	would	would	AUX
cblr-2896	450	31	damage	damage	VERB
cblr-2896	450	32	values	value	NOUN
cblr-2896	450	33	across	across	ADP
cblr-2896	450	34	their	their	PRON
cblr-2896	450	35	portfolios	portfolio	NOUN
cblr-2896	450	36	and	and	CCONJ
cblr-2896	450	37	would	would	AUX
cblr-2896	450	38	increase	increase	VERB
cblr-2896	450	39	the	the	DET
cblr-2896	450	40	systematic	systematic	ADJ
cblr-2896	450	41	risk	risk	NOUN
cblr-2896	450	42	premium	premium	NOUN
cblr-2896	450	43	.	.	PUNCT
cblr-2896	451	1	because	because	SCONJ
cblr-2896	451	2	of	of	ADP
cblr-2896	451	3	the	the	DET
cblr-2896	451	4	improvement	improvement	NOUN
cblr-2896	451	5	in	in	ADP
cblr-2896	451	6	diversified	diversified	ADJ
cblr-2896	451	7	shareholder	shareholder	NOUN
cblr-2896	451	8	welfare	welfare	NOUN
cblr-2896	451	9	,	,	PUNCT
cblr-2896	451	10	convertible	convertible	ADJ
cblr-2896	451	11	equity	equity	NOUN
cblr-2896	451	12	-	-	PUNCT
cblr-2896	451	13	based	base	VERB
cblr-2896	451	14	pay	pay	NOUN
cblr-2896	451	15	could	could	AUX
cblr-2896	451	16	be	be	AUX
cblr-2896	451	17	pursued	pursue	VERB
cblr-2896	451	18	by	by	ADP
cblr-2896	451	19	private	private	ADJ
cblr-2896	451	20	corporate	corporate	ADJ
cblr-2896	451	21	governance	governance	NOUN
cblr-2896	451	22	activism	activism	NOUN
cblr-2896	451	23	.	.	PUNCT
cblr-2896	452	1	it	it	PRON
cblr-2896	452	2	would	would	AUX
cblr-2896	452	3	also	also	ADV
cblr-2896	452	4	be	be	AUX
cblr-2896	452	5	a	a	DET
cblr-2896	452	6	useful	useful	ADJ
cblr-2896	452	7	approach	approach	NOUN
cblr-2896	452	8	for	for	ADP
cblr-2896	452	9	the	the	DET
cblr-2896	452	10	fed	fed	PROPN
cblr-2896	452	11	's	's	PART
cblr-2896	452	12	regulation	regulation	NOUN
cblr-2896	452	13	of	of	ADP
cblr-2896	452	14	executive	executive	ADJ
cblr-2896	452	15	compensation	compensation	NOUN
cblr-2896	452	16	in	in	ADP
cblr-2896	452	17	systemically	systemically	ADV
cblr-2896	452	18	important	important	ADJ
cblr-2896	452	19	financial	financial	ADJ
cblr-2896	452	20	firms	firm	NOUN
cblr-2896	452	21	.	.	PUNCT
cblr-2896	453	1	col	col	PROPN
cblr-2896	453	2	umia	umia	PROPN
cblr-2896	453	3	b	b	PROPN
cblr-2896	453	4	usiness	usiness	PROPN
cblr-2896	453	5	la	la	PROPN
cblr-2896	453	6	w	w	PROPN
cblr-2896	453	7	re	re	PROPN
cblr-2896	453	8	vie	vie	PROPN
cblr-2896	453	9	w	w	PROPN
cblr-2896	454	1	[	[	X
cblr-2896	454	2	vol	vol	NOUN
cblr-2896	454	3	.	.	PUNCT
cblr-2896	454	4	2012864	2012864	NUM