Lucian Arye Bebchuk

James Barr Ames Professor of Law, Economics, and Finance
Director of the Program on Corporate Governance

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Op-Eds

2023

How the Start-Up Nation Could Fail
ProMarket, March 2023

Twitter's Corporate Leaders Pushed their Stakeholders under the (Musk) Bus
ProMarket, February 2023

2022

How Enlightened is Enlightened Shareholder Value?
ProMarket, May 2022

How the Covid-19 Pandemic Put Corporate Stakeholder Promises to the Test
ProMarket, February 2022

2021

’Stakeholder’ Talk Proves Empty Again
Wall Street Journal, August 2021

2020

’Stakeholder’ Capitalism Seems Mostly for Show
Wall Street Journal, August 2020

2015

Hindering the S.E.C. From Shining a Light on Political Spending
New York Times DealBook, December 2015.

2014

Alibaba’s Governance Leaves Investors at a Disadvantage
New York Times DealBook, September 2014.

2013

The Myth of Hedge Funds as 'Myopic Activists'
Wall Street Journal, August 2013.

Don’t Make Poison Pills More Deadly
New York Times DealBook, February 2013.

2012

Voluntary Disclosure on Corporate Political Spending Is Not Enough
New York Times DealBook, December 2012.

Letting Shareholders Know How Their Money Is Spent
New York Times DealBook, November 2012.

For Whom Golden Parachutes Shine
New York Times DealBook, October 2012.

Investing in Good Governance
New York Times DealBook, September 2012.

Don’t Discourage Outside Shareholders
New York Times DealBook, August 2012.

Giving Shareholders a Voice
New York Times DealBook, April 2012.

2011

An Antidote for the Corporate Poison Pill
Wall Street Journal, February 2011.

2010

Pricing Corporate Governance
Project Syndicate, November 2010.

Politics and Corporate Money
Project Syndicate, September 2010.

Tackling the Managerial Power Problem: The Key to Improving Executive Compensation
(with Jesse Fried)
Pathways Magazine, Summer 2010.

Why Bankers’ Pay is the Government’s Business
Economist.com, August 2010.

How to Pay a Banker
Project Syndicate, July 2010
Blog post mentioning the op-ed in the Financial Times.

Don’t Gut Proxy Access
New York Times DealBook, June 2010
Responses by Bainbridge and Ribstein.

Rating the Raters
Project Syndicate, May 2010.

Paid to Fail
(with Alma Cohen and Holger Spamann)
Project Syndicate, March 2010
Blog post about the op-ed in the Wall Street Journal.

Corporate Political Speech is Bad for Shareholders
Project Syndicate, February 2010.
[Reprinted in 14(5) Wall Street Lawyer (2010).]
Reactions to op-ed in the Wall Street Journal, the Harvard Journal of Law and Technology Digest and ProfessorBainbridge.com.

The CEO Pay Slice
(with Martijn Cremers and Urs Peyer)
Project Syndicate, January 2010.

2009

Who Should Be Bailed Out?
Project Syndicate, December 2009.

Bankers had Cashed in Before the Music Stopped
(with Alma Cohen and Holger Spamann)
Financial Times , December 2009.

Taming the Stock Option Game
(with Jesse Fried)
Project Syndicate, November 2009.

Fixing Bankers’ Pay
The Economists’ Voice, November 2009
[Reprinted in The Economists' Voice 2.0 (Edlin and Stiglitz, eds., 2012)]

Should Bondholders be Bailed Out?
Project Syndicate, October 2009.

Reducing Incentives for Risk-Taking
(with Holger Spamann)
New York Times: Dealbook, October 12, 2009.

Unblocking Corporate Governance Reform
Project Syndicate, September 2009.

Why Financial Pay Shouldn't be Left to the Market
Project Syndicate, August 2009.

Bonus Guarantees Can Fuel Risky Moves
Wall Street Journal Online, August 27, 2009.

Regulate Financial Pay to Reduce Risk-Taking
Financial Times, August 4, 2009.

Back to the Good Times on Wall Street
(with Alma Cohen)
Wall Street Journal Online, July 31 2009.

Let the Good Times Roll Again?
Project Syndicate, July 2009.

Paying for Performance at Goldman
Wall Street Journal Online, July 24, 2009.

The Fall of the Toxic-Assets Plan
Wall Street Journal Online, July 9, 2009.

Toxic Tests
Project Syndicate, June 2009.

Equity Compensation for Long-Term Results (with Jesse Fried)
Wall Street Journal Online, June 16, 2009.

The False Promise of Global Governance Standards
Project Syndicate, May 2009.

The SEC's Proxy Access Proposal
Wall Street Journal Online, May 27, 2009.

Near-Sighted Stress Tests
Forbes.com, May 20, 2009.

The PPIP: keep banks out
FinancialTimes.com, May 5, 2009.

How to Avoid Overpaying for Toxic Assets
Wall Street Journal Online, April 21, 2009.

A Fix for Geithner’s Plan
Washington Post, March 31, 2009.

AIG Still Isn't Too Big to Fail
Wall Street Journal, March 20, 2009.
Reactions to op-ed by Bainbirdge, Ideoblog, Economist's View, RGE Monitor, Reach Upward, Talking Points Memo.

Jump-Starting The Market For Troubled Assets
Forbes, March 3, 2009.

Congress Gets Punitive on Executive Pay
Wall Street Journal, February 17, 2009.

Pay Cap Debate
Wall Street Journal, February 6, 2009.

2008

How to Give Banks Confidence to Lend to Businesses
(with Itay Goldstein)
Financial Times, December 19, 2008.

The Rescue Plan: Direct Capital Investments Would be Better for Both Markets and Taxpayers
Financial Times: Economist's Forum, October 1, 2008.

How to Pay Less For Distressed Financial Assets
Wall Street Journal, September 26, 2008.

2007

Inside Jobs
Wall Street Journal, January 6, 2007.

2006

'Lucky' Grants Point to a Deeper Governance Malaise
(with Urs Peyer)
Financial Times, December 18, 2006.

The Compensation Game
(with Rakesh Khurana)
Harvard Business School Working Knowledge, August 30, 2006.

Investors Must Have Power, Not Just Figures on Pay
Financial Times, July 27, 2006.

The SEC: Beyond Disclosure
Forbes, January 19, 2006.

How Much Does the Boss Make?
Wall Street Journal, January 18, 2006.

What Corporate-Governance Reforms are Still Necessary?
Optimize Magazine, April 2005

2005

What's $13 Million Among Friends?
New York Times, January 17, 2005

The Disney Verdict and the Protection of Investors
Financial Times, August 11, 2005.

2003

Why Shareholders Must Have More Power
Financial Times, October 22, 2003

Not-So-Fierce Rivalry
(with Alma Cohen)
The Daily Deal, January 31, 2003.

2002

A Threat to Dual Class Shares
(with Oliver Hart)
Financial Times, May 31, 2002

Settling For Less
The New York Times, December 27, 2002.