Alma Cohen joins Harvard Law as Professor of Empirical Practice

Alma Cohen will join the Harvard Law School in August as a Professor of Empirical Practice. She comes to the law school from the Tel-Aviv University Department of Economics, where she served as an Associate Professor (with tenure). She has also been serving as a Faculty Research Fellow at the National Bureau of Economic Research […]

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.