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Working Paper Series in Finance
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Title The Wages of Failure: Executive Compensation at Bear Stearns and Lehman 2000-2008
Author(s) Lucian Bebchuk, Harvard Law School, NBER and ECGI, Alma Cohen, Tel-Aviv University, Harvard Law School and NBER, Holger Spamann, Harvard Law School
Date June 2010
Serial No Finance Working Paper No. 287/2010
Keywords Lehman Brothers, Bear Stearns, the financial crisis, banks, executive compensation, risk-taking, compensation structures, bonus compensation, stock options, restricted shares, moral hazard.
Abstract From the SSRN website
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CommentPresented at the EU Presidency Conference 'The Governance and Regulation of Financial Institutions: Lessons from the Crisis' in Madrid 16th June 2010
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