Bebchuk testifies before Senate Banking committee (video)

HLS Professor Lucian Bebchuk (center) with (L-R) Kurt Hyde, deputy special inspector general, Troubled Asset Relief Program, and Robert J. Jackson, Jr., associate professor at Columbia Law School

Credit: JAY MALLIN HLS Professor Lucian Bebchuk (center) with (L-R) Kurt Hyde, deputy special inspector general, Troubled Asset Relief Program, and Robert J. Jackson, Jr., associate professor at Columbia Law School

On Feb. 15, Harvard Law School Professor Lucian Bebchuk testifed before the U.S. Senate Committee on Banking, Housing and Urban Affairs Subcommittee on Financial Institutions and Consumer Protection at a hearing entitled “Pay for Performance: Incentive Compensation at Large Financial Institutions.”

Read Professor Bebchuk’s testimony (PDF)

Watch the archived webcast

In addition to Bebchuk, the panel of witnesses included: Kurt Hyde, deputy special inspector general, Troubled Asset Relief Program; Professor Robert J. Jackson, Jr., associate professor at Columbia Law School; and Michael S. Melbinger,
partner, Winston & Strawn.

Bebchuk is the co-author, with HLS Professor Jesse Fried, of “Pay without Performance: The Unfulfilled Promise of Executive Compensation.” He is also the director of the Program on Corporate Governance at Harvard Law School.