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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 ...
Regulating Bankers' Pay
(Georgetown University Law Center, 2010)
This paper seeks to make three contributions to understanding how banks’ executive pay has produced incentives for excessive risk-taking and how such pay should be reformed. First, although there is now wide recognition ...
Regulating Bankers' Pay
(Georgetown University Law Center, 2010)
This paper seeks to make three contributions to understanding how banks’ executive pay has produced incentives for excessive risk-taking and how such pay should be reformed. First, although there is now wide recognition ...