Another paper, by Dirk Jenter of the London School of Economics and Katharina Lewellen of the Tuck School at Dartmouth, found that the likelihood a firm would be taken over jumped when a CEO was at retirement age.

由伦敦经济学院的德克·詹特和达特茅斯塔克商学院的凯瑟琳娜·勒韦伦撰写的另一篇论文发现，当CEO达到退休年龄时，公司被收购的可能性会突增。