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.
Two years after the government bailout of Bear Stearns set off the first shock wave, the Bulletin interviewed HLS faculty and alumni on what went wrong, on where the greatest dangers remain in our financial system and what to do about them.
In an op-ed in The New York Times, entitled “Another view: Don’t gut proxy access,” Harvard Law School Professor Lucian Bebchuk LL.M. ’80, S.J.D. ’84, argues that Congress should reject attempts to impose severe limits on the ability of shareholders to place candidates on the corporate ballot.
“Rating the Raters,” by HLS Professor Lucian Bebchuk LL.M ’80 S.J.D. ’84, appeared in Project Syndicate on May 24, 2010. It is the latest installment of his monthly column for the publication. Bebchuk is a professor of law, economics, and finance, and director of the Program on Corporate Governance at Harvard Law School.
HLS’s Program on Corporate Governance—and many individuals affiliated with HLS—are among the most influential leaders in the study of corporate governance, according to a recent review by Directorship magazine. Thirty-four HLS-affiliates made the Directorship 100 list – an annual list of the 100 most influential directors, professors, regulators, politicians, and advisers who have made a lasting impact on corporate governance.
“Paid to Fail,” an op-ed co-written by HLS Professor Lucian Bebchuk LL.M. ’80 S.J.D. ’84, Visiting Professor Alma Cohen, and Lecturer on Law Holger Spamann S.J.D. ’09 appeared in Project Syndicate on March 18, 2010. It is the latest installment of Professor Bebchuk’s monthly column for the syndicate.
“Corporate political speech is bad for shareholders,” an op-ed by HLS Professor Lucian Bebchuk LL.M ’80 S.J.D. ’84, is the latest installment of his monthly column in Project Syndicate.
“The CEO Pay Slice,” an op-ed co-written by HLS Professor Lucian Bebchuk, appeared in Project Syndicate on January 18, 2010.
HLS Professor Lucian Bebchuk testified before House Financial Services Committee at a hearing entitled “Compensation in the Financial Industry,” on Friday, Jan. 22.
America Is on Trial as Much as Khalid Sheikh Mohammed Professor Alan Dershowitz The Globe and Mail Nov. 13, 2009 “The Obama administration has announced that Khalid Sheikh Mohammed, the self-confessed mastermind of 9/11, will be subjected to an ordinary criminal trial in the federal court of New York. … Despite the fact that Mr. […]