Bebchuk Wins Debate about the Contribution of Executive Pay to the Financial Crisis

Posted by the Harvard Law School Forum on Corporate Governance & Financial Regulation, on
Tuesday, February 21, 2012
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Over the past two weeks, Lucian Bebchuk and René Stulz engaged in an online debate on the question: Has Executive Compensation Contributed to the Financial Crisis? Bebchuk supported a “yes” answer, and Stulz argued for a “no” answer. The debate, which was hosted by the World Bank’s All about Finance blog, was followed by a poll in which readers cast their votes. The votes are now in, and 79.9% of the votes were cast in support of the position supported by Bebchuk.

The opening statements by Bebchuk and Stulz are available here and here. The second-round responses by Bebchuk and Stulz are available here and here. The results of the readers’ poll are available here.

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  1. By Clocking Out: Car Wash, Working at the Car Wash Edition « Main Street on Wednesday, February 22, 2012 at 5:05 pm

    […] Executive pay helped cause the financial crisis, an economist argues–and many fellow-economists agree. […]