HLS Professor Lucian Bebchuk testified before House Financial Services Committee at a hearing entitled “Compensation in the Financial Industry,” on Friday, Jan. 22.

The hearing was web cast live at 10:00 am [see full webcast below]A transcript of Bebchuk’s written testimony is also available on the Committee’s website.

Bebchuk is the director of the Program on Corporate Governance at HLS and the co-author, with HLS Professor Jesse Fried, of  “Pay without Performance: The Unfulfilled Promise of Executive Compensation.”

Also testifying before the House Committee were Columbia Business School Professor Joseph Stiglitz, and Nell Minow, the editor and founder of The Corporate Library and sister of HLS Dean Martha Minow.