Word: compensationitis
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According to the study, the collapse of the two firms reflected not shortsightedness on the part of top executives, but rather compensation structures that shielded the executives from the consequences of the firms’ economic meltdown. Compensation structures of cash bonuses and equity options liquid regardless of the firm?...
“Our work seeks to contribute to this ongoing examination. We do by showing that the examples of Bear Stearns and Lehman should not be used as a basis for dismissing the potential role of compensation structures in past risk-taking and the potential value of fixing such...
JPMorgan Chase CEO and Harvard Business School graduate Jamie Dimon wrote in The Washington Post on Nov. 13 that regulators should be empowered to liquidate assets and fire management when they see fit, so that individuals engaging in risky behavior will “feel the pain.?...
T. BOONE PICKENS, financier, arguing that U.S. energy companies should receive Iraqi oil contracts as compensation for the loss of American troops in Iraq
“I think it is to Harvard’s credit that [Faust] is not paid as much as presidents in other places,” said David E. Kaiser ’69, who was among several alumni who sent a letter to Faust last month criticizing...