Burger King going private? Whopper is safe, but...

2. Lower pay, bigger bonuses

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If Burger King does go private, it's likely that pay incentives will change for upper management, with less salary and more stock-based bonuses, according to a 2009 study.

Speaking of management, the salaries for the top guys will probably go down but stock options and other performance incentives will go up. That's typically what happens when a company goes through a leveraged buyout, according to a 2009 study by Stanford professors Phillip Leslie and Paul Oyer. Incentives drive managers to succeed, right? The only problem with that theory is that in the study, private companies didn't perform any better than comparable public ones.

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