How It All Adds Up

Stephanie Atwood ’13 started her 3L year several days early in a basement classroom of Wasserstein Hall in a new intensive “boot camp” on accounting and finance. In just three days, Atwood and 44 classmates learned a credit’s worth of previously foreign-sounding concepts such as internal rate of return and the cost of capital.

Harvard faculty and fellows contribute most of the ‘Top Ten Corporate and Securities Law Articles’ of 2010

This year’s list of “Top Ten Corporate and Securities Articles” based on an annual poll of corporate and securities law academics includes six articles authored or co-authored by Harvard Law faculty and fellows. The top ten articles, selected from a field of more than 440 pieces, will be reprinted in an upcoming issue of the Corporate Practice Commentator.

Faculty Scholarship: Bebchuk, Cohen and Spamman on Executive Compensation at Bear Stearns and Lehman Brothers

A recent study, “The Wages of Failure: Executive Compensation at Bear Stearns and Lehman 2000-2008,” by Professor Lucian A. Bebchuk LL.M. ’80 S.J.D. ’84, Visiting Professor Alma Cohen and Lecturer on Law Holger Spamann S.J.D. ’09 refutes the widespread assumption that the wealth of the top executives at Bear Stearns and Lehman Brothers was largely wiped out when their companies collapsed. According to the authors, many have used this account to dismiss the view that pay structures caused excessive risk-taking, but, they say, that standard narrative turns out to be incorrect.

Bebchuk and Spamann in NYT: Reducing incentives for risk-taking

This op-ed co-written by Harvard Law School Professor Lucian Bebchuk LL.M. ’80 S.J.D. ’84 and Holger Spamann, “Reducing incentives for risk-taking,” appeared in the October 12, 2009, edition of the New York Times. Bebchuk is a professor of law, economics and finance and director of the Program on Corporate Governance at Harvard Law School, and Spamann is co-executive director and a fellow of the HLS corporate governance program. Their op-ed builds on their joint paper, “Regulating Bankers’ Pay.”