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 in Project Syndicate: Rating the raters

“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 cited for impact on corporate governance

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.

Hearsay: Short takes from faculty op-eds

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. […]