Jay Ritter
Jay Ritter
muscle order regional tough
It's tough for the regional and boutique players, with the pecking order of the bulge-bracket firms, to muscle your way into the big deals.
attention certainly company confidence investors longer pay vote
A longer lockup, especially by executives, is certainly a vote of confidence in the company that investors do pay attention to.
executives incentive money terms whether
In terms of the executives involved, they've got every incentive to do a deal, whether it makes sense or not, because if they don't do one, they give the money back.