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Lucian Bebchuk

  • Bebchuk delivers lecture at Yale on the ‘myth’ of shareholder power

    November 17, 2005

    Professor Lucian Bebchuk, director of the HLS Program on Corporate Governance, recently delivered the John R. Raben Fellowship Lecture at Yale University. The lecture was based on a working paper titled "The Myth of the Shareholder Franchise," in which Bebchuk argues that shareholders rarely, if ever, successfully vote to replace the board of a public company.

  • Panel debates whether directors of companies should be personally liable

    November 3, 2005

    On Friday, Novemeber 4, The Program on Corporate Governance at HLS will host a panel discussion to debate personal liability for corporate directors. This question became a central one in the recent WorldCom and Enron cases, in which directors paid settlement fees out of their own pockets. Panelists will consider whether personal liability makes directors accountable, or whether it could deter directors from serving and make serving directors excessively defensive.

  • Bebchuk’s Study of Index Funds Wins IRRC Institute Prize

    Hearsay: Short takes from faculty op-eds Summer 2005

    July 1, 2005

    Bebchuk “Excessive pay isn’t the only cost of flawed compensation arrangements. Executives’ influence over their boards has produced pay arrangements that dilute and sometimes pervert…

  • Professor Robert H. Mnookin

    Hearsay: Excerpts from faculty op-eds Spring 2005

    April 1, 2005

    “Talking to terrorists is different from giving in to them. Sometimes it may be good practice to know what they are thinking, or, as a…

  • Bebchuk tells CEOs: ‘If it wasn’t earned, it must be returned’

    February 7, 2005

    Professor Lucian Bebchuk, an expert on corporate governance and co-author of "Pay Without Performance: The Unfulfilled Promise of Executive Compensation," was interviewed recently on CNBC's popular business program, Kudlow and Cramer. After companies like Fannie Mae have restated earnings figures, Bebchuk argued that executives' contracts should include "give-back provisions that require the paying back of money that was raised on figures that had to be restated."

  • Bebchuk on Making Directors Accountable

    November 19, 2004

    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.

  • Bebchuk’s Book on Executive Compensation Focus of Conference

    October 14, 2004

    On October 15, a new book on executive pay and corporate governance by HLS Professor Lucian Bebchuk and Jesse Fried, Harvard Law School class of 1993, will be the focus of symposium at Columbia Law School.

  • Recent Faculty Books – Fall 2004

    September 1, 2004

    “Raising the Bar: The Emerging Legal Profession in East Asia” (Harvard University Press, 2004), edited by Professor William P. Alford ’77, looks at efforts to recast…

  • Mary Ann Glendon

    Faculty News Spring 2004

    June 1, 2004

    Glendon Wins Inaugural Bradley Prize
    In October, the Lynde and Harry Bradley Foundation awarded Professor Mary Ann Glendon the inaugural Bradley Prize. The $250,000 prize is…

  • Bebchuk Named Guggenheim Fellow

    May 6, 2004

    Harvard Law School Professor Lucian Bebchuk has been named a 2004 Guggenheim fellow. The award, which honors "exceptionally impressive achievement in the past and exceptional promise for future accomplishment," will help Bebchuk write a book on the need to empower corporate shareholders.

  • Bebchuk Testifies in Favor of SEC Rule Change

    March 26, 2004

    Harvard Law School Professor Lucian Bebchuk recently testified before the Securities and Exchange Commission as it considers whether to adopt a rule proposal to permit shareholders to place candidates on the company ballot in certain situations.

  • Prof. Bebchuk on Shareholders’ Power

    October 22, 2003

    In the Financial Times, Professor Lucian Bebchuk writes: The Securities and Exchange Commission formally proposed a rule this month that would provide shareholders with some access to the corporate ballot - the proxy card distributed to all voting shareholders. The rule would require some companies in certain circumstances to include the names of candidates nominated by shareholders who satisfy some minimum ownership requirements on the corporate ballot.

  • Recent Faculty Honors

    September 28, 2000

    Professor William Alford ’77 has been named an honorary fellow of the Institute of Law of the Chinese Academy of Social Science, honorary professor of…