Word: bebchuk
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...five executives in all public companies amounted to an astonishing $250 billion, equivalent to 7.5% of all corporate earnings. Defenders of the status quo say that such bloated pay provides managers--particularly CEOs--with incentives crucial to high performance. Those defenders have not yet read Lucian Bebchuk and Jesse Fried's Pay Without Performance. The authors marshal a formidable arsenal of facts to pick apart the incentives argument, exposing myriad ways in which CEOs have decoupled pay from performance and hidden that fact from investors with the aid of supine corporate directors. The lucidly argued treatise frames the issue...
Professor of Law, Economics and Finance Lucian A. Bebchuk, Professor of Economics Oliver D. Hart, Ford Professor of Business Administration Michael C. Jensen and Professor of Law Mark J. Roe will be the other four fellows from Harvard...
...Bebchuk said that he intends to contribute to ECGI meetings and policy debates as a fellow...
...quite committed to the subject and to the work going on in Europe,” Bebchuk said. “I intend to be an active participant...