Manne on Shareholder Democracy
Henry Manne is back with another article in the WSJ. This time Manne goes toe-to-toe with the “corporate democrats.” Read the full piece here.
Manne on Shareholder Democracy
Warren on Rationality, Choice, and Regulation in the Credit Card Market
Elizabeth Warren (Credit Slips) points to an interesting empirical study by Agarwal, Liu, Souleses, and Chomsisengphet (“ALSC”) which examines consumer credit card selection in a . . .
Morrison at ELS Blog
Ed Morrison (Columbia) has a great series of guest blogs at the always worth reading ELS Blog on a few research questions in bankruptcy and . . .
Thoughts on Walker on Backdating
Professor Ribstein responds to David Walker’s backdating article, which Bill highlighted here at TOTM a few weeks ago. Larry’s take? Read the full piece here.
No, Matt, executive compensation is not all about norms
In a post titled, "Backdating: Yes, Virginia, Execs Do Want Inflated Pay," over at PrawfsBlawg, Matt Bodie weighs in on the backdating "scandal."
Henderson on Executive Compensation in Bankruptcy
Todd Henderson’s paper finds that compensation arrangements of solvent and insolvent firms are similar to each other. The empirical strategy involves the assumption that firms . . .
Explaining Backdating (and Jenkins Channels Manne Again)
Holman Jenkins reports that a group of economists led by Milton Friedman and Harry Markowitz are getting behind the idea of putting an end to . . .
Jenkins channels Manne
Today’s WSJ has a great article by Holman Jenkins on reporting on the backdating “scandal.” Larry is, of course, on the case. I would also . . .
Anabtawi on Spring-loaded Options
Over at Professor Bainbridge’s place, Iman Anabtawi has some thoughts on the granting of “spring-loaded” options, an option granted at a market price that does . . .