Browsing HLS Scholarly Articles by Keyword "Lehman Brothers, Bear Stearns, the financial crisis, banks, executive compensation, risk-taking, compensation structures, bonus compensation, stock options, restricted shares, moral hazard"
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The Wages of Failure: Executive Compensation at Bear Stearns and Lehman 2000-2008
(Yale Journal on Regulation, 2010)The standard narrative of the meltdown of Bear Stearns and Lehman Brothers assumes that the wealth of the top executives of these firms was largely wiped out along with their firms. In the ongoing debate about regulatory ...