Jesse Fried

For the last several years, former Harvard Law School Dean Robert C. Clark ’72 has broken with tradition in teaching his mergers and acquisitions course. It isn’t enough to read leading cases, he realized; students still may leave the classroom without any real understanding of how to structure a deal, identify and avoid pitfalls, and recognize why personalities matter—in short, how M&As work in the real world.

Harvard Law School’s faculty and fellows earned the top ranking for the total number of citations of their work on the Social Science Research Network (SSRN), according to cumulative statistics released for 2011. HLS faculty members captured five out of the top 10 slots – including the number one slot – among law school faculty in all legal fields.

Two years after the government bailout of Bear Stearns set off the first shock wave, the Bulletin interviewed HLS faculty and alumni on what went wrong, on where the greatest dangers remain in our financial system and what to do about them.

This op-ed by Harvard Law School Professors Lucian Bebchuk LL.M. ’80 S.J.D ’84. and Jesse Fried, entitled “Taming the Stock Option Game,” appeared in the November 2009 edition of Project Syndicate. This article builds on their study “Equity Compensation for Long-term Performance.” Bebchuk and Fried are co-authors of “Pay without Performance: The Unfulfilled Promise of Executive Compensation.”

The following op-ed, co-written by Harvard Law School Professors Lucian Bebchuk LL.M. ’80 S.J.D. ’84 and Jesse Fried ’92, entitled “Equity Compensation for Long-Term Results,” was published in the June 16, 2009, edition of the Wall Street Journal.

Jesse Fried ’92, a leading expert in executive compensation, corporate governance, corporate bankruptcy, and venture capital, will join the Harvard Law School faculty in the fall. He is currently a professor of law at the University of California at Berkeley.

After a decade of soaring to unprecedented levels, executive compensation is the subject of an intense debate. In their just published "Pay without Performance: The Unfulfilled Promise of Executive Compensation," HLS Professor Lucian Bebchuk LL.M. '80 S.J.D. '84 and UC Berkeley School of Law Professor Jesse Fried '92 explore the causes and consequences of flawed compensation arrangements.