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Lucian Bebchuk

  • HLS well represented among the most influential corporate governance players

    September 24, 2008

    Four members of the Harvard Law School community were recently named to Directorship Magazine's second annual Directorship 100 list for their influence on corporate governance.

  • Hearsay: Short takes on the financial crisis

    September 1, 2008

    Who Will Bail Out American Families? Professor Elizabeth Warren
    Chicago Tribune, Sept. 22, 2008 Credit: Getty Images “Lost in the headlines are the…

  • Professors Bebchuk, Roe, and Subramanian

    Bebchuk, Roe, and Subramanian honored for top corporate law articles

    March 10, 2008

    Writings by Professors Lucian Bebchuk LL.M. '80 S.J.D. '84, Mark Roe '75, and Guhan Subramanian '98 were included on this year's list of 10 Best Corporate and Securities Articles, published in the legal journal "Corporate Practice Commentator."

  • HLS Professors among country’s ‘leading lawyers’

    January 29, 2008

    Three Harvard Law School professors are featured among a group of 500 "leading lawyers," according to a new a list published in Law Dragon Magazine. Professors Lucian Bebchuk LL.M. '80 S.J.D. '84, Jack Goldsmith, and Elizabeth Warren join five additional law professors from other law schools on the list.

  • Bebchuk ranks first among law professors on SSRN

    January 11, 2008

    Statistics released by the Social Science Research Network (SSRN) show that, as of the end of 2007, the works of Harvard Law School Professor Lucian Bebchuk LL.M. '80 S.J.D. '84 have been downloaded more than the work of any other law professor.

  • Professor Lucian Bebchuk

    Bebchuk named to list of 100 most influential players in corporate governance

    September 14, 2007

    Harvard Law School Professor Lucian Bebchuk’s LL.M. '80 S.J.D. '84 work on executive pay has netted him a spot on Directorship Magazine’s list of the 100 most influential players in corporate governance in the United States.

  • Bebchuk elected president of the American Law and Economics Association

    May 14, 2007

    In its annual meeting this month, the American Law and Economics Association elected Harvard Law School Professor Lucian Bebchuk, LL.M. ’80 and S.J.D. ’84 as its president. In accordance with the association's traditions, Bebchuk delivered a presidential address at the meeting.

  • The Shareholders’ Champion

    April 1, 2007

    An HLS professor is "the Elvis Presley of shareholder activism." And one of his fans is a key player in China.

  • Bebchuk’s proposal forces change in Home Depot bylaws

    February 1, 2007

    Home Depot, the world's largest home improvement retail chain, has agreed to amend its corporate bylaws in response to a shareholder proposal submitted by Professor Lucian Bebchuk in December of 2006.

  • Professor Lucian Bebchuk on Apple Computer and corporate governance

    January 8, 2007

    The following op-ed was published in The Wall Street Journal on January 6, 2007: Apple Computer announced a week ago the conclusions of a special board committee that examined the "improper dating" of over 6,000 option grants during 1997-2002. The committee found no basis for having less than "complete confidence in CEO Steve Jobs and the senior management team," placing full responsibility for past problems on the company's former CFO and general counsel.

  • Research finds directors’ options were favorably timed

    December 18, 2006

    The HLS Program on Corporate Governance released a new study today called Lucky Directors, by Professor Lucian Bebchuk and co-authors Yaniv Grinsten and Urs Peyer suggesting that outside directors' options, and not only executives' options, have been favorably timed to an extent that cannot be explained by mere luck.

  • Professor Bebchuk investigates option backdating

    November 17, 2006

    The HLS Program on Corporate Governance recently released a study by Professor Lucian Bebchuk and co-authors Yaniv Grinsten and Urs Peyer, which examined the use of stock option backdating.

  • Bebchuk wins significant support at CA shareholder meeting

    September 21, 2006

    At a recent CA Inc. shareholder's meeting, 41 percent voted in support of a bylaw amendment proposed by professor Lucian Bebchuk, which was designed to regulate the board's use of "poison pills".

  • Bebchuk weighs in on reforming executive pay

    July 28, 2006

    The following op-ed by Professor Lucian Bebchuk, Investors must have power, not just figures on pay, was published in The Financial Times on July 28, 2006: The US Securities and Exchange Commission's vote this week to expand disclosure requirements for executive pay is a major step forward.

  • Bebchuk vs. CA enables shareholder voting on poison pill bylaws

    July 5, 2006

    The Delaware Chancery Court issued a decision in the litigation initiated by Professor Lucian Bebchuk against CA Inc. The decision forced CA to withdraw its plan to exclude Bebchuk's poison pill proposal from the corporate ballot and opens the door to shareholder voting on such proposals in other companies.

  • Bebchuk elected to lead American Law and Economics Association

    June 14, 2006

    In its annual meeting this spring, the American Law and Economics Association elected Professor Lucian Bebchuk as its Vice-President/ President-Elect. He will serve as vice-president until the Association's annual meeting next spring when he will assume the Association's presidency for one year.

  • AIG, Bristol-Myers and Time-Warner amend by-laws in response to Bebchuk’s proposals

    April 5, 2006

    Three major U.S. corporations -- AIG, Bristol-Myers Squibb and Time-Warner -- recently amended their corporate by-laws in response to stockholder proposals submitted by Professor Lucian Bebchuk.

  • Bebchuk named to list of 100 most influential in finance

    January 17, 2006

    Lucian Bebchuk, director of HLS's Program on Corporate Governance, was named as one of this year's "100 most influential people in finance" by Treasury and Risk Management magazine. The list recognizes leaders in corporate finance, ranging from CEOs to regulators to academics.

  • 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 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

    Credit: Justin Ide/Harvard News Office Professor Mary Ann Glendon Glendon Wins Inaugural Bradley Prize
    In October, the Lynde and Harry Bradley Foundation awarded Professor…

  • 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

      Credit: Phil Farnsworth  Professor William Alford ’77 has been named an honorary fellow of the Institute of Law of the Chinese Academy of Social…