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...broader lesson, corporate governance experts say, is that companies are best prodded into behaving differently not by the government but by their owners. "The most powerful force in the marketplace that has a direct interest in keeping pay aligned with performance is shareholders," says Stephen Davis of Yale University's Millstein Center for Corporate Governance and Performance. "Why not use them?" He points to a law passed in 2002 in the U.K. that gives shareholders an up or down vote on executive pay packages. Even though the vote is only advisory, and doesn't bind a board of directors...

Author: /time Magazine | Title: Do Caps on Executive Compensation Really Work? | 9/25/2008 | See Source »

...enough to hate listening to politicians. Many students taking a government class this semester have been assigned to watch the presidential debate this Friday, September 26 (and others, apparently, will be watching it of their own volition). Learning should obvi be fun and interesting, so just as Stephen Colbert created the Green Screen Challenge to make Presidential Hopeful John McCain more interesting, FM has created a way for you to get the most out of your debate experience...

Author: By Lauren J. Vargas, CONTRIBUTING WRITER | Title: Alcohol, Taxes, Alaska, Oh My! | 9/24/2008 | See Source »

...With Michiko Toyama in Tokyo and Stephen Kim in Seoul...

Author: /time Magazine | Title: Japan to the Rescue of Ailing US Firms | 9/23/2008 | See Source »

...Monday. The three advisory boards—for the arts and humanities, the sciences, and the social sciences—will meet with their corresponding divisional deans for lunch two to three times per semester starting this fall. They will discuss issues like advising, curriculum, senior theses, and tutorials. Stephen Kosslyn, a psychology professor and the dean of social science, said he approached the Undergraduate Council about creating advisory boards this summer because he wanted more student input. “There’s no substitute for talking to students who are actually taking the classes, actually living...

Author: By Alex M. Mcleese, CRIMSON STAFF WRITER | Title: UC, FAS Create Three Student Advisory Boards | 9/23/2008 | See Source »

...world’s leading alternative asset managers,” Light said in a statement. “I look forward to working with Blackstone’s management team as they set their strategy for taking advantage of opportunities in the world today.” Stephen A. Schwarzman, the chief executive and co-founder of Blackstone, expressed approval for Light’s decision to join the board. “We could not be more pleased that Jay has agreed to serve on our Board,” Schwarzman said in a statement...

Author: By Prateek Kumar, CRIMSON STAFF WRITER | Title: HBS Dean To Join Blackstone Board | 9/18/2008 | See Source »

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