Working Paper

Generalists versus Specialists: Lifetime Work Experience and CEO Pay

We show that pay is higher for CEOs with general managerial skills gathered during lifetime work experience. We use CEOs’ résumés of S&P 1,500 firms from 1993 through 2007 to construct an index of general skills that are transferable across...Read more

Claudia Custodio
Miguel Ferreira
Pedro Matos
01 April 2012

Comparing CEO Employment Contract Provisions: Differences between Australia and the U.S.

This study compares CEO employment contracts across two common law countries: the United States and Australia. Although the regulatory regimes of these jurisdictions enjoy many comparable features, there are also some important institutional...Read more

Jennifer Hill
Ronald Masulis
Randall Thomas
01 October 2010

The Wages of Failure: Executive Compensation at Bear Stearns and Lehman 2000-2008

The standard narrative of the meltdown of Bear Stearns and Lehman Brothers assumes that the wealth of the top executives of these firms was largely wiped out along with their firms. In the ongoing debate about regulatory responses to the...Read more

Lucian Bebchuk
Alma Cohen
Holger Spamann
01 June 2010